FMJ SPICES: 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 SPICES
Largest movements
- Receivables within one year +€39,856
up €39,856 (+610%), from €6,530 to €46,385
of which Trade receivables: +€36,543
- Tangible fixed assets +€30,552
up €30,552 (+18.6%), from €164,619 to €195,171
of which Furniture and vehicles: +€53,684
- Cash +€9,366
up €9,366 (+65.1%), from €14,382 to €23,748
mainly Depreciation (+€47,251) and Debts after one year (+€42,828)
- Debts after one year +€42,828
up €42,828 (+76.7%), from €55,853 to €98,681
- Trade debts +€36,824
up €36,824 (+574%), from €6,412 to €43,236
- Profit (loss) carried forward -€17,703
down €17,703, from €929 to -€16,774
- Other debts +€8,125
up €8,125 (+10.6%), from €76,835 to €84,960
- Current portion of long-term debt +€7,472
up €7,472 (+30.4%), from €24,602 to €32,074
- Gross operating margin -€28,360
down €28,360 (-44.4%), from €63,933 to €35,573
- Financial income +€11,721
up €11,721 (+454%), from €2,581 to €14,302
of which Non-recurring financial income: +€9,979
- Depreciation +€6,349
up €6,349 (+15.5%), from €40,901 to €47,251
- Taxes -€3,284
no longer reported in 2025 (was €3,284)
- Staff costs +€2,827
up €2,827 (+26.0%), from €10,866 to €13,693
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 | €193,133 | €270,678 | +€77,545 | +40.2% |
| Fixed assets | 21/28 | €164,815 | €195,367 | +€30,552 | +18.5% |
| Tangible fixed assets | 22/27 | €164,619 | €195,171 | +€30,552 | +18.6% |
| Plant, machinery and equipment | 23 | €3,865 | €2,924 | -€942 | -24.4% |
| Furniture and vehicles | 24 | €61,100 | €114,784 | +€53,684 | +87.9% |
| Leasing and similar rights | 25 | €38,211 | €25,970 | -€12,242 | -32.0% |
| Other tangible fixed assets | 26 | €5,296 | €4,644 | -€653 | -12.3% |
| Assets under construction and advance payments | 27 | €56,147 | €46,850 | -€9,297 | -16.6% |
| Financial fixed assets | 28 | €196 | €196 | = | 0.0% |
| Current assets | 29/58 | €28,318 | €75,311 | +€46,992 | +166% |
| Stocks and contracts in progress | 3 | €1,498 | €1,585 | +€87 | +5.8% |
| Stocks | 30/36 | €1,498 | €1,585 | +€87 | +5.8% |
| Amounts receivable within one year | 40/41 | €6,530 | €46,385 | +€39,856 | +610% |
| Trade receivables | 40 | €3,801 | €40,344 | +€36,543 | +961% |
| Other amounts receivable | 41 | €2,729 | €6,042 | +€3,313 | +121% |
| Cash at bank and in hand | 54/58 | €14,382 | €23,748 | +€9,366 | +65.1% |
| Deferred charges and accrued income | 490/1 | €5,909 | €3,592 | -€2,317 | -39.2% |
| Total equity and liabilities | 10/49 | €193,133 | €270,678 | +€77,545 | +40.2% |
| Equity | 10/15 | €29,429 | €11,726 | -€17,703 | -60.2% |
| Contributions | 10/11 | €12,700 | €12,700 | = | 0.0% |
| Reserves | 13 | €15,800 | €15,800 | = | 0.0% |
| Distributable reserves | 133 | €15,800 | €15,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €929 | -€16,774 | -€17,703 | |
| Amounts payable | 17/49 | €163,704 | €258,952 | +€95,247 | +58.2% |
| Amounts payable after more than one year | 17 | €55,853 | €98,681 | +€42,828 | +76.7% |
| Financial debts | 170/4 | €55,853 | €98,681 | +€42,828 | +76.7% |
| Amounts payable within one year | 42/48 | €107,851 | €160,270 | +€52,419 | +48.6% |
| Current portion of amounts payable after more than one year | 42 | €24,602 | €32,074 | +€7,472 | +30.4% |
| Trade debts | 44 | €6,412 | €43,236 | +€36,824 | +574% |
| Suppliers | 440/4 | €6,412 | €43,236 | +€36,824 | +574% |
| Taxes, remuneration and social security | 45 | €3 | - | -€3 | |
| Remuneration and social security | 454/9 | €3 | - | -€3 | |
| Other amounts payable | 47/48 | €76,835 | €84,960 | +€8,125 | +10.6% |
| Remuneration, social security and pensions | 62 | €10,866 | €13,693 | +€2,827 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,901 | €47,251 | +€6,349 | +15.5% |
| Other operating charges | 640/8 | €656 | €860 | +€204 | +31.2% |
| Gross operating margin | 9900 | €63,933 | €35,573 | -€28,360 | -44.4% |
| Operating profit (loss) | 9901 | €11,510 | -€26,231 | -€37,741 | |
| Financial income | 75/76B | €2,581 | €14,302 | +€11,721 | +454% |
| Recurring financial income | 75 | €2,581 | €4,324 | +€1,742 | +67.5% |
| Non-recurring financial income | 76B | - | €9,979 | +€9,979 | |
| Financial charges | 65/66B | €5,260 | €5,774 | +€514 | +9.8% |
| Recurring financial charges | 65 | €4,385 | €5,774 | +€1,390 | +31.7% |
| Non-recurring financial charges | 66B | €876 | - | -€876 | |
| Profit (loss) for the period before taxes | 9903 | €8,831 | -€17,703 | -€26,534 | |
| Income taxes | 67/77 | €3,284 | - | -€3,284 | |
| Profit (loss) for the period | 9904 | €5,547 | -€17,703 | -€23,249 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,547 | -€17,703 | -€23,249 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.