FMFG: what changed
Two financial 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.
FMFG
Largest movements
- Tangible fixed assets -€19,499
down €19,499 (-8.6%), from €225,479 to €205,981
of which Land and buildings: -€13,602
- Cash +€5,929
up €5,929 (+47.9%), from €12,388 to €18,317
mainly Depreciation (+€19,499) and Receivables within one year (+€783)
- Debts after one year -€13,815
down €13,815 (-6.3%), from €220,400 to €206,585
- Gross operating margin -€19,513
down €19,513 (-43.1%), from €45,243 to €25,730
- Depreciation +€3,907
up €3,907 (+25.1%), from €15,592 to €19,499
- Other operating charges -€1,510
down €1,510 (-39.1%), from €3,859 to €2,349
- Financial charges +€861
up €861 (+23.2%), from €3,715 to €4,577
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.
Derived cash bridge
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 | €253,210 | €238,456 | -€14,754 | -5.8% |
| Fixed assets | 21/28 | €225,479 | €205,981 | -€19,499 | -8.6% |
| Tangible fixed assets | 22/27 | €225,479 | €205,981 | -€19,499 | -8.6% |
| Land and buildings | 22 | €197,352 | €183,750 | -€13,602 | -6.9% |
| Furniture and vehicles | 24 | €28,128 | €22,231 | -€5,897 | -21.0% |
| Current assets | 29/58 | €27,731 | €32,475 | +€4,745 | +17.1% |
| Amounts receivable within one year | 40/41 | €7,086 | €6,303 | -€783 | -11.0% |
| Trade receivables | 40 | €6,007 | €5,422 | -€585 | -9.7% |
| Other amounts receivable | 41 | €1,079 | €881 | -€198 | -18.3% |
| Cash at bank and in hand | 54/58 | €12,388 | €18,317 | +€5,929 | +47.9% |
| Deferred charges and accrued income | 490/1 | €8,257 | €7,856 | -€401 | -4.9% |
| Total equity and liabilities | 10/49 | €253,210 | €238,456 | -€14,754 | -5.8% |
| Equity | 10/15 | €14,877 | €13,969 | -€908 | -6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,583 | -€6,491 | -€908 | -16.3% |
| Amounts payable | 17/49 | €238,333 | €224,487 | -€13,846 | -5.8% |
| Amounts payable after more than one year | 17 | €220,400 | €206,585 | -€13,815 | -6.3% |
| Financial debts | 170/4 | €220,400 | €206,585 | -€13,815 | -6.3% |
| Amounts payable within one year | 42/48 | €17,933 | €17,404 | -€530 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €12,837 | €13,430 | +€592 | +4.6% |
| Financial debts | 43 | €504 | €165 | -€339 | -67.2% |
| Credit institutions | 430/8 | €504 | €165 | -€339 | -67.2% |
| Trade debts | 44 | €0 | €38 | +€38 | |
| Suppliers | 440/4 | €0 | €38 | +€38 | |
| Taxes, remuneration and social security | 45 | €4,273 | €3,311 | -€962 | -22.5% |
| Taxes | 450/3 | €2,173 | €1,465 | -€708 | -32.6% |
| Remuneration and social security | 454/9 | €2,100 | €1,846 | -€254 | -12.1% |
| Other amounts payable | 47/48 | €319 | €459 | +€140 | +43.9% |
| Accrued charges and deferred income | 492/3 | - | €499 | +€499 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,592 | €19,499 | +€3,907 | +25.1% |
| Other operating charges | 640/8 | €3,859 | €2,349 | -€1,510 | -39.1% |
| Gross operating margin | 9900 | €45,243 | €25,730 | -€19,513 | -43.1% |
| Operating profit (loss) | 9901 | €25,793 | €3,882 | -€21,910 | -84.9% |
| Financial charges | 65/66B | €3,715 | €4,577 | +€861 | +23.2% |
| Recurring financial charges | 65 | €3,715 | €4,577 | +€861 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €22,077 | -€694 | -€22,771 | |
| Income taxes | 67/77 | €176 | €213 | +€37 | +21.1% |
| Profit (loss) for the period | 9904 | €21,901 | -€908 | -€22,809 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,901 | -€908 | -€22,809 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.