FMM Group: 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.
FMM Group
Largest movements
- Stocks and contracts +€11,120
new in 2025: €11,120
- Receivables within one year +€10,074
up €10,074 (+787%), from €1,279 to €11,353
of which Trade receivables: +€10,188
- Cash -€5,747
down €5,747 (-25.4%), from €22,654 to €16,907
mainly Stocks and contracts (-€11,120) and Receivables within one year (-€10,074)
- Trade debts +€11,529
up €11,529 (+203%), from €5,680 to €17,209
- Tax, wage and social debts +€3,136
up €3,136 (+35.7%), from €8,780 to €11,916
of which Remuneration and social security: +€3,754
- Other debts +€480
new in 2025: €480
- Purchases and services -€440,236
no longer reported in 2025 (was €440,236)
- Gross operating margin -€38,582
down €38,582 (-79.6%), from €48,463 to €9,881
- Staff costs -€23,680
down €23,680 (-72.7%), from €32,559 to €8,878
- Depreciation -€4,628
no longer reported in 2025 (was €4,628)
- Financial charges -€3,255
down €3,255 (-97.4%), from €3,341 to €86
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 | €30,562 | €46,009 | +€15,447 | +50.5% |
| Fixed assets | 21/28 | €6,629 | €6,629 | = | 0.0% |
| Tangible fixed assets | 22/27 | €6,629 | €6,629 | = | 0.0% |
| Furniture and vehicles | 24 | €6,629 | €6,629 | = | 0.0% |
| Current assets | 29/58 | €23,933 | €39,380 | +€15,447 | +64.5% |
| Stocks and contracts in progress | 3 | - | €11,120 | +€11,120 | |
| Stocks | 30/36 | - | €11,120 | +€11,120 | |
| Amounts receivable within one year | 40/41 | €1,279 | €11,353 | +€10,074 | +787% |
| Trade receivables | 40 | - | €10,188 | +€10,188 | |
| Other amounts receivable | 41 | €1,279 | €1,165 | -€114 | -8.9% |
| Cash at bank and in hand | 54/58 | €22,654 | €16,907 | -€5,747 | -25.4% |
| Total equity and liabilities | 10/49 | €30,562 | €46,009 | +€15,447 | +50.5% |
| Equity | 10/15 | €16,102 | €16,185 | +€83 | +0.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,102 | €6,185 | +€83 | +1.4% |
| Amounts payable | 17/49 | €14,460 | €29,824 | +€15,363 | +106% |
| Amounts payable within one year | 42/48 | €14,460 | €29,604 | +€15,144 | +105% |
| Trade debts | 44 | €5,680 | €17,209 | +€11,529 | +203% |
| Suppliers | 440/4 | €5,680 | €17,209 | +€11,529 | +203% |
| Taxes, remuneration and social security | 45 | €8,780 | €11,916 | +€3,136 | +35.7% |
| Taxes | 450/3 | €2,347 | €1,729 | -€618 | -26.3% |
| Remuneration and social security | 454/9 | €6,433 | €10,186 | +€3,754 | +58.4% |
| Other amounts payable | 47/48 | - | €480 | +€480 | |
| Accrued charges and deferred income | 492/3 | - | €219 | +€219 | |
| Goods, raw materials, services and sundry goods | 60/61 | €440,236 | - | -€440,236 | |
| Remuneration, social security and pensions | 62 | €32,559 | €8,878 | -€23,680 | -72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,628 | - | -€4,628 | |
| Other operating charges | 640/8 | €127 | €827 | +€700 | +551% |
| Gross operating margin | 9900 | €48,463 | €9,881 | -€38,582 | -79.6% |
| Operating profit (loss) | 9901 | €11,149 | €175 | -€10,973 | -98.4% |
| Financial income | 75/76B | €3 | €15 | +€12 | +461% |
| Recurring financial income | 75 | €3 | €15 | +€12 | +461% |
| Financial charges | 65/66B | €3,341 | €86 | -€3,255 | -97.4% |
| Recurring financial charges | 65 | €3,341 | €86 | -€3,255 | -97.4% |
| Profit (loss) for the period before taxes | 9903 | €7,810 | €104 | -€7,706 | -98.7% |
| Income taxes | 67/77 | €1,708 | €21 | -€1,688 | -98.8% |
| Profit (loss) for the period | 9904 | €6,102 | €83 | -€6,018 | -98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,102 | €83 | -€6,018 | -98.6% |
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 13 October 2026 via checked.be.