FMJ Management: 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.
FMJ Management
Largest movements
- Receivables within one year -€51,042
down €51,042 (-42.0%), from €121,564 to €70,522
of which Other amounts receivable: -€61,951
- Trade debts -€28,027
down €28,027 (-51.5%), from €54,455 to €26,428
- Debts after one year -€26,048
down €26,048 (-51.9%), from €50,208 to €24,161
- Financial charges +€51,944
up €51,944 (+2,580%), from €2,014 to €53,958
- Gross operating margin +€40,991
up €40,991 (+213%), from €19,257 to €60,248
- Depreciation -€4,114
down €4,114 (-61.5%), from €6,687 to €2,573
- Staff costs +€2,391
up €2,391, from -€1,013 to €1,378
- Other operating charges -€2,326
down €2,326 (-62.5%), from €3,720 to €1,394
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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,139,506 | €1,082,883 | -€56,624 | -5.0% |
| Fixed assets | 21/28 | €1,012,758 | €1,010,185 | -€2,573 | -0.3% |
| Tangible fixed assets | 22/27 | €2,573 | - | -€2,573 | |
| Plant, machinery and equipment | 23 | €203 | - | -€203 | |
| Furniture and vehicles | 24 | €2,370 | - | -€2,370 | |
| Financial fixed assets | 28 | €1,010,185 | €1,010,185 | = | 0.0% |
| Current assets | 29/58 | €126,748 | €72,698 | -€54,051 | -42.6% |
| Amounts receivable within one year | 40/41 | €121,564 | €70,522 | -€51,042 | -42.0% |
| Trade receivables | 40 | €44,350 | €55,259 | +€10,909 | +24.6% |
| Other amounts receivable | 41 | €77,214 | €15,264 | -€61,951 | -80.2% |
| Cash at bank and in hand | 54/58 | €3,892 | €2,175 | -€1,716 | -44.1% |
| Deferred charges and accrued income | 490/1 | €1,292 | - | -€1,292 | |
| Total equity and liabilities | 10/49 | €1,139,506 | €1,082,883 | -€56,624 | -5.0% |
| Equity | 10/15 | €1,031,350 | €1,030,920 | -€429 | 0.0% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €808,162 | €808,162 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Legal reserve | 130 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €783,162 | €783,162 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,813 | -€27,242 | -€429 | -1.6% |
| Amounts payable | 17/49 | €108,157 | €51,963 | -€56,194 | -52.0% |
| Amounts payable after more than one year | 17 | €50,208 | €24,161 | -€26,048 | -51.9% |
| Financial debts | 170/4 | €50,208 | €24,161 | -€26,048 | -51.9% |
| Amounts payable within one year | 42/48 | €57,948 | €27,802 | -€30,146 | -52.0% |
| Trade debts | 44 | €54,455 | €26,428 | -€28,027 | -51.5% |
| Suppliers | 440/4 | €54,455 | €26,428 | -€28,027 | -51.5% |
| Taxes, remuneration and social security | 45 | €3,494 | €1,374 | -€2,119 | -60.7% |
| Taxes | 450/3 | €3,494 | €1,374 | -€2,119 | -60.7% |
| Remuneration, social security and pensions | 62 | -€1,013 | €1,378 | +€2,391 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,687 | €2,573 | -€4,114 | -61.5% |
| Other operating charges | 640/8 | €3,720 | €1,394 | -€2,326 | -62.5% |
| Gross operating margin | 9900 | €19,257 | €60,248 | +€40,991 | +213% |
| Operating profit (loss) | 9901 | €9,863 | €54,903 | +€45,040 | +457% |
| Financial income | 75/76B | €24 | - | -€24 | |
| Recurring financial income | 75 | €24 | - | -€24 | |
| Financial charges | 65/66B | €2,014 | €53,958 | +€51,944 | +2,580% |
| Recurring financial charges | 65 | €2,014 | €53,958 | +€51,944 | +2,580% |
| Profit (loss) for the period before taxes | 9903 | €7,873 | €945 | -€6,928 | -88.0% |
| Income taxes | 67/77 | €3,494 | €1,374 | -€2,119 | -60.7% |
| Profit (loss) for the period | 9904 | €4,379 | -€429 | -€4,809 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,379 | -€429 | -€4,809 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.