FMK: 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.
FMK
Largest movements
- Receivables within one year -€15,649
down €15,649 (-97.2%), from €16,102 to €453
of which Trade receivables: -€15,000
- Tangible fixed assets -€6,309
down €6,309 (-58.1%), from €10,854 to €4,545
- Cash +€3,352
up €3,352 (+26.5%), from €12,626 to €15,978
mainly Receivables within one year (+€15,649) and Depreciation (+€6,309)
- Deferred charges and accrued income -€775
down €775 (-92.3%), from €841 to €65
- Profit (loss) carried forward -€19,774
down €19,774 (-485.0%), from -€4,077 to -€23,851
- Other debts +€585
up €585 (+15.4%), from €3,799 to €4,384
- Gross operating margin -€10,085
down €10,085 (-518.6%), from -€1,945 to -€12,030
- Other operating charges +€549
up €549 (+77.8%), from €706 to €1,256
- Financial charges -€258
down €258 (-53.7%), from €481 to €223
- Financial income -€211
down €211 (-83.1%), from €254 to €43
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.
Cash bridge derived
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 | €40,423 | €21,041 | -€19,381 | -47.9% |
| Fixed assets | 21/28 | €10,854 | €4,545 | -€6,309 | -58.1% |
| Tangible fixed assets | 22/27 | €10,854 | €4,545 | -€6,309 | -58.1% |
| Furniture and vehicles | 24 | €10,854 | €4,545 | -€6,309 | -58.1% |
| Current assets | 29/58 | €29,568 | €16,496 | -€13,072 | -44.2% |
| Amounts receivable within one year | 40/41 | €16,102 | €453 | -€15,649 | -97.2% |
| Trade receivables | 40 | €15,000 | - | -€15,000 | |
| Other amounts receivable | 41 | €1,102 | €453 | -€649 | -58.9% |
| Cash at bank and in hand | 54/58 | €12,626 | €15,978 | +€3,352 | +26.5% |
| Deferred charges and accrued income | 490/1 | €841 | €65 | -€775 | -92.3% |
| Total equity and liabilities | 10/49 | €40,423 | €21,041 | -€19,381 | -47.9% |
| Equity | 10/15 | €36,383 | €16,609 | -€19,774 | -54.4% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,077 | -€23,851 | -€19,774 | -485.0% |
| Amounts payable | 17/49 | €4,040 | €4,432 | +€393 | +9.7% |
| Amounts payable within one year | 42/48 | €4,040 | €4,432 | +€393 | +9.7% |
| Trade debts | 44 | €72 | €16 | -€57 | -78.4% |
| Suppliers | 440/4 | €72 | €16 | -€57 | -78.4% |
| Taxes, remuneration and social security | 45 | €168 | €33 | -€135 | -80.5% |
| Taxes | 450/3 | €168 | €33 | -€135 | -80.5% |
| Other amounts payable | 47/48 | €3,799 | €4,384 | +€585 | +15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,307 | €6,309 | +€2 | 0.0% |
| Other operating charges | 640/8 | €706 | €1,256 | +€549 | +77.8% |
| Non-recurring operating charges | 66A | €3,147 | - | -€3,147 | |
| Gross operating margin | 9900 | -€1,945 | -€12,030 | -€10,085 | -518.6% |
| Operating profit (loss) | 9901 | -€12,105 | -€19,595 | -€7,489 | -61.9% |
| Financial income | 75/76B | €254 | €43 | -€211 | -83.1% |
| Recurring financial income | 75 | €254 | €43 | -€211 | -83.1% |
| Financial charges | 65/66B | €481 | €223 | -€258 | -53.7% |
| Recurring financial charges | 65 | €481 | €223 | -€258 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | -€12,332 | -€19,774 | -€7,442 | -60.3% |
| Income taxes | 67/77 | -€8 | - | +€8 | |
| Profit (loss) for the period | 9904 | -€12,324 | -€19,774 | -€7,450 | -60.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,324 | -€19,774 | -€7,450 | -60.5% |
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 12 October 2026 via checked.be.