FMN LOG: what changed
Two fiscal 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.
FMN LOG
Largest movements
- Receivables within one year +€5,932
up €5,932 (+13.6%), from €43,662 to €49,594
of which Other amounts receivable: +€5,603
- Cash +€1,957
up €1,957 (+14.7%), from €13,321 to €15,277
mainly Net result for the year (+€14,539) and Depreciation (+€1,468)
- Tangible fixed assets +€1,882
up €1,882 (+10.3%), from €18,217 to €20,099
- Reserves +€14,539
up €14,539 (+25.3%), from €57,557 to €72,096
- Current portion of long-term debt -€2,078
down €2,078 (-44.0%), from €4,721 to €2,643
- Tax, wage and social debts -€1,887
down €1,887 (-20.0%), from €9,427 to €7,540
- Gross operating margin -€5,534
down €5,534 (-18.9%), from €29,224 to €23,690
- Taxes -€2,130
down €2,130 (-22.6%), from €9,427 to €7,297
- Depreciation +€443
up €443 (+43.2%), from €1,025 to €1,468
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 | €75,199 | €85,527 | +€10,328 | +13.7% |
| Fixed assets | 21/28 | €18,217 | €20,099 | +€1,882 | +10.3% |
| Tangible fixed assets | 22/27 | €18,217 | €20,099 | +€1,882 | +10.3% |
| Plant, machinery and equipment | 23 | €18,217 | €20,099 | +€1,882 | +10.3% |
| Current assets | 29/58 | €56,983 | €65,428 | +€8,446 | +14.8% |
| Amounts receivable within one year | 40/41 | €43,662 | €49,594 | +€5,932 | +13.6% |
| Trade receivables | 40 | €7,756 | €8,085 | +€329 | +4.2% |
| Other amounts receivable | 41 | €35,906 | €41,509 | +€5,603 | +15.6% |
| Cash at bank and in hand | 54/58 | €13,321 | €15,277 | +€1,957 | +14.7% |
| Deferred charges and accrued income | 490/1 | - | €557 | +€557 | |
| Total equity and liabilities | 10/49 | €75,199 | €85,527 | +€10,328 | +13.7% |
| Equity | 10/15 | €60,557 | €75,096 | +€14,539 | +24.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €57,557 | €72,096 | +€14,539 | +25.3% |
| Distributable reserves | 133 | €57,557 | €72,096 | +€14,539 | +25.3% |
| Amounts payable | 17/49 | €14,642 | €10,431 | -€4,211 | -28.8% |
| Amounts payable within one year | 42/48 | €14,642 | €10,431 | -€4,211 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €4,721 | €2,643 | -€2,078 | -44.0% |
| Trade debts | 44 | €494 | €248 | -€246 | -49.7% |
| Suppliers | 440/4 | €494 | €248 | -€246 | -49.7% |
| Taxes, remuneration and social security | 45 | €9,427 | €7,540 | -€1,887 | -20.0% |
| Taxes | 450/3 | €9,427 | €7,540 | -€1,887 | -20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,025 | €1,468 | +€443 | +43.2% |
| Gross operating margin | 9900 | €29,224 | €23,690 | -€5,534 | -18.9% |
| Operating profit (loss) | 9901 | €28,199 | €22,222 | -€5,977 | -21.2% |
| Financial income | 75/76B | €0 | €2 | +€2 | +412.8% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +412.8% |
| Financial charges | 65/66B | €388 | €388 | -€0 | 0.0% |
| Recurring financial charges | 65 | €388 | €388 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €27,812 | €21,836 | -€5,976 | -21.5% |
| Income taxes | 67/77 | €9,427 | €7,297 | -€2,130 | -22.6% |
| Profit (loss) for the period | 9904 | €18,385 | €14,539 | -€3,846 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,385 | €14,539 | -€3,846 | -20.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.