FMO CONSULT: 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.
FMO CONSULT
Largest movements
- Financial fixed assets +€456,400
up €456,400 (+43.0%), from €1.1m to €1.5m
- Debts after one year +€216,630
up €216,630 (+46.5%), from €466,361 to €682,991
- Other debts +€203,844
up €203,844 (+45.3%), from €449,571 to €653,415
- Current portion of long-term debt +€46,618
up €46,618 (+70.0%), from €66,610 to €113,228
- Financial charges +€12,211
up €12,211 (+49.3%), from €24,761 to €36,972
- Financial income -€8,509
down €8,509 (-100.0%), from €8,509 to €0
- Taxes -€2,927
down €2,927 (-57.7%), from €5,069 to €2,143
- Gross operating margin +€1,079
up €1,079 (+2.7%), from €40,083 to €41,162
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 | €1,104,332 | €1,556,795 | +€452,463 | +41.0% |
| Fixed assets | 21/28 | €1,061,973 | €1,517,717 | +€455,744 | +42.9% |
| Tangible fixed assets | 22/27 | €973 | €317 | -€656 | -67.4% |
| Furniture and vehicles | 24 | €973 | €317 | -€656 | -67.4% |
| Financial fixed assets | 28 | €1,061,000 | €1,517,400 | +€456,400 | +43.0% |
| Current assets | 29/58 | €42,359 | €39,078 | -€3,281 | -7.7% |
| Amounts receivable within one year | 40/41 | €11,922 | €12,674 | +€752 | +6.3% |
| Other amounts receivable | 41 | €11,922 | €12,674 | +€752 | +6.3% |
| Cash at bank and in hand | 54/58 | €30,236 | €26,198 | -€4,038 | -13.4% |
| Deferred charges and accrued income | 490/1 | €201 | €206 | +€5 | +2.5% |
| Total equity and liabilities | 10/49 | €1,104,332 | €1,556,795 | +€452,463 | +41.0% |
| Equity | 10/15 | €92,597 | €92,692 | +€95 | +0.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,597 | €91,692 | +€95 | +0.1% |
| Amounts payable | 17/49 | €1,011,735 | €1,464,103 | +€452,368 | +44.7% |
| Amounts payable after more than one year | 17 | €466,361 | €682,991 | +€216,630 | +46.5% |
| Financial debts | 170/4 | €466,361 | €682,991 | +€216,630 | +46.5% |
| Amounts payable within one year | 42/48 | €545,374 | €781,112 | +€235,738 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | €66,610 | €113,228 | +€46,618 | +70.0% |
| Financial debts | 43 | €1,349 | €2,049 | +€700 | +51.9% |
| Credit institutions | 430/8 | €1,349 | €2,049 | +€700 | +51.9% |
| Trade debts | 44 | €80 | €50 | -€30 | -37.4% |
| Suppliers | 440/4 | €80 | €50 | -€30 | -37.4% |
| Taxes, remuneration and social security | 45 | €27,764 | €12,370 | -€15,394 | -55.4% |
| Taxes | 450/3 | €27,764 | €12,370 | -€15,394 | -55.4% |
| Other amounts payable | 47/48 | €449,571 | €653,415 | +€203,844 | +45.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €656 | €656 | = | 0.0% |
| Other operating charges | 640/8 | €1,258 | €1,296 | +€38 | +3.0% |
| Gross operating margin | 9900 | €40,083 | €41,162 | +€1,079 | +2.7% |
| Operating profit (loss) | 9901 | €38,169 | €39,209 | +€1,040 | +2.7% |
| Financial income | 75/76B | €8,509 | €0 | -€8,509 | -100.0% |
| Recurring financial income | 75 | €8,509 | €0 | -€8,509 | -100.0% |
| Financial charges | 65/66B | €24,761 | €36,972 | +€12,211 | +49.3% |
| Recurring financial charges | 65 | €24,761 | €36,972 | +€12,211 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | €21,918 | €2,238 | -€19,680 | -89.8% |
| Income taxes | 67/77 | €5,069 | €2,143 | -€2,927 | -57.7% |
| Profit (loss) for the period | 9904 | €16,848 | €95 | -€16,753 | -99.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,848 | €95 | -€16,753 | -99.4% |
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 5 October 2026 via checked.be.