FMGP: 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.
What changed
FMGP
NACE 69.201, Certified accountants and tax accountants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€546,675
2024 · €538,936+€7,739
Equity
€16,734
2024 · €16,734
Cash
€446,444
2024 · €221,577+€224,867
Balance sheet total
€2.5m
2024 · €2.6m-€109,542
Largest movements
Assets
- Receivables within one year -€314,716
down €314,716 (-25.0%), from €1.3m to €943,047
of which Other amounts receivable: -€376,294
- Cash +€224,867
up €224,867 (+101%), from €221,577 to €446,444
mainly Net result for the year (+€546,675) and Receivables within one year (+€314,716)
- Tangible fixed assets -€89,845
down €89,845 (-10.7%), from €840,326 to €750,481
of which Leasing and similar rights: -€62,573
- Deferred charges and accrued income +€40,094
up €40,094 (+91.5%), from €43,835 to €83,929
- Current investments +€30,059
up €30,059 (+14.7%), from €203,923 to €233,982
Equity and liabilities
- Debts after one year -€90,457
down €90,457 (-14.0%), from €646,409 to €555,952
Income statement
- Gross operating margin +€135,926
up €135,926 (+5.6%), from €2.4m to €2.6m
- Staff costs +€70,399
up €70,399 (+4.5%), from €1.6m to €1.6m
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.
Result 2024
€538,936
Gross operating margin
+€135,926
Staff costs
-€70,399
Depreciation
-€24,365
Write-downs
-€19,808
Other operating charges
-€9,458
Financial income
-€1,067
Financial charges
+€1,933
Taxes
-€5,023
Result 2025
€546,675
raises the resultlowers the result
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.
From operations
+€1.0m
Investment
-€137,092
Financing
-€664,911
Cash 2024
€221,577
From operations (derived)
+€1.0m
Net result for the year
+€546,675
Depreciation
+€196,879
Receivables within one year
+€314,716
Deferred charges and accrued income
-€40,094
Smaller working-capital items
-€286
Tax, wage and social debts
-€5,373
Other debts
+€14,352
Investment (derived)
-€137,092
Investment in fixed assets (net)
-€107,034
Current investments
-€30,059
Financing
-€664,911
Debts after one year
-€90,457
Current portion of long-term debt
-€4,236
Short-term financial debts
-€23,543
Contributions, distributions and other
-€546,675
Cash 2025
€446,444
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,567,425 | €2,457,883 | -€109,542 | -4.3% |
| Fixed assets | 21/28 | €840,326 | €750,481 | -€89,845 | -10.7% |
| Tangible fixed assets | 22/27 | €840,326 | €750,481 | -€89,845 | -10.7% |
| Plant, machinery and equipment | 23 | €68,214 | €69,329 | +€1,115 | +1.6% |
| Furniture and vehicles | 24 | €96,224 | €74,732 | -€21,492 | -22.3% |
| Leasing and similar rights | 25 | €255,824 | €193,251 | -€62,573 | -24.5% |
| Other tangible fixed assets | 26 | €420,064 | €413,169 | -€6,895 | -1.6% |
| Current assets | 29/58 | €1,727,099 | €1,707,401 | -€19,697 | -1.1% |
| Amounts receivable within one year | 40/41 | €1,257,763 | €943,047 | -€314,716 | -25.0% |
| Trade receivables | 40 | €743,980 | €805,558 | +€61,578 | +8.3% |
| Other amounts receivable | 41 | €513,783 | €137,488 | -€376,294 | -73.2% |
| Current investments | 50/53 | €203,923 | €233,982 | +€30,059 | +14.7% |
| Cash at bank and in hand | 54/58 | €221,577 | €446,444 | +€224,867 | +101% |
| Deferred charges and accrued income | 490/1 | €43,835 | €83,929 | +€40,094 | +91.5% |
| Total equity and liabilities | 10/49 | €2,567,425 | €2,457,883 | -€109,542 | -4.3% |
| Equity | 10/15 | €16,734 | €16,734 | = | 0.0% |
| Contributions | 10/11 | €14,734 | €14,734 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,550,691 | €2,441,149 | -€109,542 | -4.3% |
| Amounts payable after more than one year | 17 | €646,409 | €555,952 | -€90,457 | -14.0% |
| Financial debts | 170/4 | €646,409 | €555,952 | -€90,457 | -14.0% |
| Amounts payable within one year | 42/48 | €1,901,486 | €1,882,825 | -€18,661 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €149,950 | €145,714 | -€4,236 | -2.8% |
| Financial debts | 43 | €168,124 | €144,581 | -€23,543 | -14.0% |
| Credit institutions | 430/8 | €168,124 | €144,581 | -€23,543 | -14.0% |
| Trade debts | 44 | €242,126 | €242,264 | +€138 | +0.1% |
| Suppliers | 440/4 | €242,126 | €242,264 | +€138 | +0.1% |
| Taxes, remuneration and social security | 45 | €423,380 | €418,007 | -€5,373 | -1.3% |
| Taxes | 450/3 | €208,713 | €175,428 | -€33,285 | -15.9% |
| Remuneration and social security | 454/9 | €214,666 | €242,579 | +€27,912 | +13.0% |
| Other amounts payable | 47/48 | €917,906 | €932,258 | +€14,352 | +1.6% |
| Accrued charges and deferred income | 492/3 | €2,796 | €2,372 | -€424 | -15.2% |
| Remuneration, social security and pensions | 62 | €1,574,022 | €1,644,421 | +€70,399 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €172,513 | €196,879 | +€24,365 | +14.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€18,850 | €958 | +€19,808 | |
| Other operating charges | 640/8 | €14,725 | €24,183 | +€9,458 | +64.2% |
| Gross operating margin | 9900 | €2,449,028 | €2,584,953 | +€135,926 | +5.6% |
| Operating profit (loss) | 9901 | €706,618 | €718,513 | +€11,895 | +1.7% |
| Financial income | 75/76B | €60,102 | €59,035 | -€1,067 | -1.8% |
| Recurring financial income | 75 | €60,102 | €59,035 | -€1,067 | -1.8% |
| Financial charges | 65/66B | €42,041 | €40,107 | -€1,933 | -4.6% |
| Recurring financial charges | 65 | €42,041 | €40,107 | -€1,933 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €724,679 | €737,440 | +€12,762 | +1.8% |
| Income taxes | 67/77 | €185,743 | €190,765 | +€5,023 | +2.7% |
| Profit (loss) for the period | 9904 | €538,936 | €546,675 | +€7,739 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €538,936 | €546,675 | +€7,739 | +1.4% |
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 18 October 2026 via checked.be.