FMLC: 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.
FMLC
Largest movements
- Cash -€99,452
down €99,452 (-73.2%), from €135,867 to €36,414
mainly Net result for the year (-€75,468) and Tax, wage and social debts (-€64,648)
- Tangible fixed assets -€80,755
down €80,755 (-10.4%), from €777,966 to €697,211
of which Land and buildings: -€55,111
- Receivables within one year +€22,338
up €22,338 (+83.5%), from €26,759 to €49,096
of which Other amounts receivable: +€22,338
- Profit (loss) carried forward -€75,468
down €75,468 (-3.7%), from €2.1m to €2.0m
- Tax, wage and social debts -€64,648
no longer reported in 2025 (was €64,648)
- Gross operating margin -€307,411
down €307,411 (-97.3%), from €315,871 to €8,461
- Taxes -€62,225
down €62,225 (-97.3%), from €63,932 to €1,707
- Other operating charges -€6,266
down €6,266 (-46.0%), from €13,635 to €7,368
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 | €2,150,187 | €2,009,671 | -€140,516 | -6.5% |
| Fixed assets | 21/28 | €777,966 | €697,211 | -€80,755 | -10.4% |
| Tangible fixed assets | 22/27 | €777,966 | €697,211 | -€80,755 | -10.4% |
| Land and buildings | 22 | €690,615 | €635,505 | -€55,111 | -8.0% |
| Plant, machinery and equipment | 23 | €30,533 | €19,823 | -€10,710 | -35.1% |
| Furniture and vehicles | 24 | €56,818 | €41,884 | -€14,934 | -26.3% |
| Current assets | 29/58 | €1,372,221 | €1,312,460 | -€59,761 | -4.4% |
| Amounts receivable within one year | 40/41 | €26,759 | €49,096 | +€22,338 | +83.5% |
| Trade receivables | 40 | €11,050 | €11,050 | = | 0.0% |
| Other amounts receivable | 41 | €15,709 | €38,046 | +€22,338 | +142% |
| Current investments | 50/53 | €1,207,689 | €1,226,950 | +€19,260 | +1.6% |
| Cash at bank and in hand | 54/58 | €135,867 | €36,414 | -€99,452 | -73.2% |
| Deferred charges and accrued income | 490/1 | €1,906 | - | -€1,906 | |
| Total equity and liabilities | 10/49 | €2,150,187 | €2,009,671 | -€140,516 | -6.5% |
| Equity | 10/15 | €2,085,139 | €2,009,671 | -€75,468 | -3.6% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,050,139 | €1,974,671 | -€75,468 | -3.7% |
| Amounts payable | 17/49 | €65,048 | - | -€65,048 | |
| Amounts payable within one year | 42/48 | €65,048 | - | -€65,048 | |
| Trade debts | 44 | €400 | - | -€400 | |
| Suppliers | 440/4 | €400 | - | -€400 | |
| Taxes, remuneration and social security | 45 | €64,648 | - | -€64,648 | |
| Taxes | 450/3 | €64,648 | - | -€64,648 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,888 | €88,783 | -€2,105 | -2.3% |
| Other operating charges | 640/8 | €13,635 | €7,368 | -€6,266 | -46.0% |
| Non-recurring operating charges | 66A | €2,488 | - | -€2,488 | |
| Gross operating margin | 9900 | €315,871 | €8,461 | -€307,411 | -97.3% |
| Operating profit (loss) | 9901 | €208,861 | -€87,691 | -€296,551 | |
| Financial income | 75/76B | €14,798 | €14,369 | -€428 | -2.9% |
| Recurring financial income | 75 | €14,798 | €14,369 | -€428 | -2.9% |
| Financial charges | 65/66B | €334 | €439 | +€105 | +31.4% |
| Recurring financial charges | 65 | €334 | €439 | +€105 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | €223,324 | -€73,760 | -€297,084 | |
| Income taxes | 67/77 | €63,932 | €1,707 | -€62,225 | -97.3% |
| Profit (loss) for the period | 9904 | €159,392 | -€75,468 | -€234,859 | |
| Profit (loss) for the period to be appropriated | 9905 | €159,392 | -€75,468 | -€234,859 |
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 17 October 2026 via checked.be.