FMH: 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.
FMH
Largest movements
- Receivables within one year +€127,207
up €127,207 (+262.5%), from €48,461 to €175,668
of which Other amounts receivable: +€66,252
- Tangible fixed assets -€97,206
down €97,206 (-6.0%), from €1.6m to €1.5m
of which Land and buildings: -€72,324
- Deferred charges and accrued income -€75,636
down €75,636 (-91.0%), from €83,145 to €7,509
- Other debts -€212,876
down €212,876 (-54.6%), from €389,740 to €176,864
- Debts after one year +€110,707
up €110,707 (+16.6%), from €668,567 to €779,273
- Trade debts +€71,563
up €71,563 (+41.6%), from €171,828 to €243,391
- Profit (loss) carried forward -€28,799
down €28,799 (-59.0%), from €48,815 to €20,016
- Staff costs -€104,878
down €104,878 (-60.7%), from €172,860 to €67,982
- Gross operating margin -€85,397
down €85,397 (-33.4%), from €255,607 to €170,210
- Financial charges +€26,469
up €26,469 (+115.2%), from €22,978 to €49,447
- Depreciation -€8,347
down €8,347 (-11.9%), from €70,067 to €61,720
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,936,601 | €1,896,966 | -€39,635 | -2.0% |
| Fixed assets | 21/28 | €1,645,995 | €1,548,789 | -€97,206 | -5.9% |
| Tangible fixed assets | 22/27 | €1,632,745 | €1,535,539 | -€97,206 | -6.0% |
| Land and buildings | 22 | €1,513,917 | €1,441,593 | -€72,324 | -4.8% |
| Plant, machinery and equipment | 23 | €4,794 | €4,327 | -€467 | -9.7% |
| Furniture and vehicles | 24 | €6,434 | €3,102 | -€3,331 | -51.8% |
| Other tangible fixed assets | 26 | €107,601 | €86,517 | -€21,084 | -19.6% |
| Financial fixed assets | 28 | €13,250 | €13,250 | = | 0.0% |
| Current assets | 29/58 | €290,606 | €348,177 | +€57,571 | +19.8% |
| Stocks and contracts in progress | 3 | €159,000 | €165,000 | +€6,000 | +3.8% |
| Stocks | 30/36 | €159,000 | €165,000 | +€6,000 | +3.8% |
| Amounts receivable within one year | 40/41 | €48,461 | €175,668 | +€127,207 | +262.5% |
| Trade receivables | 40 | €35,971 | €96,926 | +€60,955 | +169.5% |
| Other amounts receivable | 41 | €12,490 | €78,741 | +€66,252 | +530.5% |
| Deferred charges and accrued income | 490/1 | €83,145 | €7,509 | -€75,636 | -91.0% |
| Total equity and liabilities | 10/49 | €1,936,601 | €1,896,966 | -€39,635 | -2.0% |
| Equity | 10/15 | €606,962 | €578,162 | -€28,799 | -4.7% |
| Contributions | 10/11 | €133,592 | €133,592 | = | 0.0% |
| Revaluation surpluses | 12 | €421,195 | €421,195 | = | 0.0% |
| Reserves | 13 | €3,359 | €3,359 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,359 | €3,359 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,359 | €3,359 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,815 | €20,016 | -€28,799 | -59.0% |
| Amounts payable | 17/49 | €1,329,639 | €1,318,804 | -€10,836 | -0.8% |
| Amounts payable after more than one year | 17 | €668,567 | €779,273 | +€110,707 | +16.6% |
| Financial debts | 170/4 | €668,567 | €779,273 | +€110,707 | +16.6% |
| Amounts payable within one year | 42/48 | €645,066 | €508,472 | -€136,594 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €37,178 | €39,509 | +€2,331 | +6.3% |
| Financial debts | 43 | - | €5,095 | +€5,095 | |
| Other loans | 439 | - | €5,095 | +€5,095 | |
| Trade debts | 44 | €171,828 | €243,391 | +€71,563 | +41.6% |
| Suppliers | 440/4 | €171,828 | €243,391 | +€71,563 | +41.6% |
| Taxes, remuneration and social security | 45 | €46,320 | €43,612 | -€2,708 | -5.8% |
| Taxes | 450/3 | €27,269 | €26,832 | -€436 | -1.6% |
| Remuneration and social security | 454/9 | €19,051 | €16,779 | -€2,272 | -11.9% |
| Other amounts payable | 47/48 | €389,740 | €176,864 | -€212,876 | -54.6% |
| Accrued charges and deferred income | 492/3 | €16,007 | €31,059 | +€15,052 | +94.0% |
| Non-recurring operating income | 76A | €396 | €185,187 | +€184,791 | +46625.4% |
| Remuneration, social security and pensions | 62 | €172,860 | €67,982 | -€104,878 | -60.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,067 | €61,720 | -€8,347 | -11.9% |
| Other operating charges | 640/8 | €18,265 | €19,094 | +€829 | +4.5% |
| Gross operating margin | 9900 | €255,607 | €170,210 | -€85,397 | -33.4% |
| Operating profit (loss) | 9901 | -€5,585 | €21,414 | +€26,998 | |
| Financial income | 75/76B | €8 | €5 | -€3 | -41.5% |
| Recurring financial income | 75 | €8 | €5 | -€3 | -41.5% |
| Financial charges | 65/66B | €22,978 | €49,447 | +€26,469 | +115.2% |
| Recurring financial charges | 65 | €22,978 | €49,447 | +€26,469 | +115.2% |
| Profit (loss) for the period before taxes | 9903 | -€28,556 | -€28,029 | +€526 | +1.8% |
| Income taxes | 67/77 | €657 | €770 | +€113 | +17.2% |
| Profit (loss) for the period | 9904 | -€29,213 | -€28,799 | +€413 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,213 | -€28,799 | +€413 | +1.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.