FMR GROUP: what changed
FMR GROUP
Largest movements
- Cash -€40,436
down €40,436 (-77.1%), from €52,449 to €12,013
mainly Net result for the year (-€31,287) and Other debts (-€11,646)
- Receivables within one year -€14,895
down €14,895 (-47.1%), from €31,622 to €16,727
of which Trade receivables: -€19,480
- Tangible fixed assets +€3,536
up €3,536 (+16.4%), from €21,602 to €25,138
of which Furniture and vehicles: +€2,732
- Deferred charges and accrued income -€2,412
down €2,412 (-84.2%), from €2,864 to €451
- Profit (loss) carried forward -€31,287
new in 2025: -€31,287
- Other debts -€11,646
down €11,646 (-67.8%), from €17,179 to €5,534
- Trade debts -€11,275
down €11,275 (-94.4%), from €11,948 to €673
- Gross operating margin -€65,182
down €65,182, from €38,996 to -€26,186
- Taxes -€10,607
down €10,607 (-100%), from €10,607 to €0
- Depreciation +€2,782
up €2,782 (+80.5%), from €3,458 to €6,240
- Financial income +€1,949
up €1,949 (+2,783,871%), from €0 to €1,949
- Other operating charges -€520
down €520 (-50.0%), from €1,039 to €520
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €108,538 | €54,330 | -€54,208 | -49.9% |
| Fixed assets | 21/28 | €21,602 | €25,138 | +€3,536 | +16.4% |
| Tangible fixed assets | 22/27 | €21,602 | €25,138 | +€3,536 | +16.4% |
| Furniture and vehicles | 24 | €16,618 | €19,350 | +€2,732 | +16.4% |
| Other tangible fixed assets | 26 | €4,985 | €5,789 | +€804 | +16.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €86,935 | €29,191 | -€57,744 | -66.4% |
| Amounts receivable within one year | 40/41 | €31,622 | €16,727 | -€14,895 | -47.1% |
| Trade receivables | 40 | €29,000 | €9,520 | -€19,480 | -67.2% |
| Other amounts receivable | 41 | €2,622 | €7,207 | +€4,585 | +175% |
| Cash at bank and in hand | 54/58 | €52,449 | €12,013 | -€40,436 | -77.1% |
| Deferred charges and accrued income | 490/1 | €2,864 | €451 | -€2,412 | -84.2% |
| Total equity and liabilities | 10/49 | €108,538 | €54,330 | -€54,208 | -49.9% |
| Equity | 10/15 | €77,803 | €46,516 | -€31,287 | -40.2% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €73,303 | €73,303 | = | 0.0% |
| Distributable reserves | 133 | €73,303 | €73,303 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€31,287 | -€31,287 | |
| Amounts payable | 17/49 | €30,735 | €7,814 | -€22,921 | -74.6% |
| Amounts payable within one year | 42/48 | €30,735 | €7,814 | -€22,921 | -74.6% |
| Trade debts | 44 | €11,948 | €673 | -€11,275 | -94.4% |
| Suppliers | 440/4 | €11,948 | €673 | -€11,275 | -94.4% |
| Taxes, remuneration and social security | 45 | €1,607 | €1,607 | = | 0.0% |
| Taxes | 450/3 | €1,607 | €1,607 | = | 0.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €17,179 | €5,534 | -€11,646 | -67.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,458 | €6,240 | +€2,782 | +80.5% |
| Other operating charges | 640/8 | €1,039 | €520 | -€520 | -50.0% |
| Gross operating margin | 9900 | €38,996 | -€26,186 | -€65,182 | |
| Operating profit (loss) | 9901 | €34,499 | -€32,946 | -€67,445 | |
| Financial income | 75/76B | €0 | €1,949 | +€1,949 | +2,783,871% |
| Recurring financial income | 75 | €0 | €1,949 | +€1,949 | +2,783,871% |
| Financial charges | 65/66B | €291 | €290 | -€1 | -0.3% |
| Recurring financial charges | 65 | €291 | €290 | -€1 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €34,208 | -€31,287 | -€65,495 | |
| Income taxes | 67/77 | €10,607 | €0 | -€10,607 | -100% |
| Profit (loss) for the period | 9904 | €23,601 | -€31,287 | -€54,888 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,601 | -€31,287 | -€54,888 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.