FME PROJECTS: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FME PROJECTS
Largest movements
- Tangible fixed assets +€337,851
up €337,851 (+133.4%), from €253,248 to €591,099
of which Land and buildings: +€356,052
- Cash -€102,112
down €102,112 (-82.8%), from €123,279 to €21,167
mainly Investment in fixed assets (net) (-€377,855) and Receivables within one year (-€73,482)
- Receivables within one year +€73,482
up €73,482 (+472.2%), from €15,561 to €89,044
of which Other amounts receivable: +€70,050
- Stocks and contracts +€7,416
up €7,416 (+79.4%), from €9,334 to €16,750
- Debts after one year +€243,777
up €243,777 (+12715.8%), from €1,917 to €245,694
- Reserves +€65,057
up €65,057 (+18.4%), from €353,199 to €418,255
- Current portion of long-term debt +€10,539
up €10,539 (+92.3%), from €11,423 to €21,962
- Depreciation +€14,643
up €14,643 (+57.7%), from €25,361 to €40,004
- Gross operating margin +€14,098
up €14,098 (+11.8%), from €119,528 to €133,626
- Financial charges -€1,577
down €1,577 (-46.5%), from €3,390 to €1,813
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,581 | €723,961 | +€317,380 | +78.1% |
| Fixed assets | 21/28 | €253,998 | €591,849 | +€337,851 | +133.0% |
| Tangible fixed assets | 22/27 | €253,248 | €591,099 | +€337,851 | +133.4% |
| Land and buildings | 22 | €185,742 | €541,795 | +€356,052 | +191.7% |
| Plant, machinery and equipment | 23 | €30,754 | €28,375 | -€2,380 | -7.7% |
| Furniture and vehicles | 24 | €31,956 | €18,230 | -€13,727 | -43.0% |
| Other tangible fixed assets | 26 | €4,795 | €2,700 | -€2,095 | -43.7% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €152,583 | €132,112 | -€20,471 | -13.4% |
| Stocks and contracts in progress | 3 | €9,334 | €16,750 | +€7,416 | +79.4% |
| Stocks | 30/36 | €9,334 | €16,750 | +€7,416 | +79.4% |
| Amounts receivable within one year | 40/41 | €15,561 | €89,044 | +€73,482 | +472.2% |
| Trade receivables | 40 | €15,561 | €18,994 | +€3,432 | +22.1% |
| Other amounts receivable | 41 | - | €70,050 | +€70,050 | |
| Cash at bank and in hand | 54/58 | €123,279 | €21,167 | -€102,112 | -82.8% |
| Deferred charges and accrued income | 490/1 | €4,409 | €5,152 | +€743 | +16.9% |
| Total equity and liabilities | 10/49 | €406,581 | €723,961 | +€317,380 | +78.1% |
| Equity | 10/15 | €365,599 | €430,655 | +€65,057 | +17.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €353,199 | €418,255 | +€65,057 | +18.4% |
| Distributable reserves | 133 | €353,199 | €418,255 | +€65,057 | +18.4% |
| Amounts payable | 17/49 | €40,982 | €293,306 | +€252,324 | +615.7% |
| Amounts payable after more than one year | 17 | €1,917 | €245,694 | +€243,777 | +12715.8% |
| Financial debts | 170/4 | €1,917 | €245,694 | +€243,777 | +12715.8% |
| Amounts payable within one year | 42/48 | €39,065 | €47,611 | +€8,546 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €11,423 | €21,962 | +€10,539 | +92.3% |
| Trade debts | 44 | €2,598 | €4,587 | +€1,989 | +76.6% |
| Suppliers | 440/4 | €2,598 | €4,587 | +€1,989 | +76.6% |
| Taxes, remuneration and social security | 45 | €9,983 | €10,430 | +€447 | +4.5% |
| Taxes | 450/3 | €9,983 | €10,430 | +€447 | +4.5% |
| Other amounts payable | 47/48 | €15,061 | €10,632 | -€4,429 | -29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,361 | €40,004 | +€14,643 | +57.7% |
| Other operating charges | 640/8 | €3,017 | €3,027 | +€10 | +0.3% |
| Gross operating margin | 9900 | €119,528 | €133,626 | +€14,098 | +11.8% |
| Operating profit (loss) | 9901 | €91,150 | €90,595 | -€555 | -0.6% |
| Financial income | 75/76B | €984 | €957 | -€27 | -2.7% |
| Recurring financial income | 75 | €984 | €957 | -€27 | -2.7% |
| Financial charges | 65/66B | €3,390 | €1,813 | -€1,577 | -46.5% |
| Recurring financial charges | 65 | €3,390 | €1,813 | -€1,577 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €88,743 | €89,738 | +€995 | +1.1% |
| Income taxes | 67/77 | €24,761 | €24,682 | -€79 | -0.3% |
| Profit (loss) for the period | 9904 | €63,982 | €65,057 | +€1,075 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,982 | €65,057 | +€1,075 | +1.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.