FMS: 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.
FMS
Largest movements
- Receivables within one year +€32,279
up €32,279 (+160.9%), from €20,062 to €52,341
of which Other amounts receivable: +€30,366
- Cash -€31,399
down €31,399 (-80.3%), from €39,102 to €7,702
mainly Net result for the year (-€35,650) and Receivables within one year (-€32,279)
- Tangible fixed assets -€1,404
down €1,404 (-67.7%), from €2,075 to €671
of which Plant, machinery and equipment: -€1,199
- Deferred charges and accrued income -€1,082
no longer reported in 2025 (was €1,082)
- Profit (loss) carried forward -€35,650
down €35,650 (-82.4%), from €43,288 to €7,638
- Other debts +€32,940
new in 2025: €32,940
- Gross operating margin -€28,243
down €28,243 (-478.8%), from -€5,899 to -€34,142
- Other operating charges -€1,464
down €1,464 (-91.0%), from €1,608 to €144
- Taxes +€577
up €577 (+852.0%), from €68 to €645
- Financial income +€564
up €564 (+78.3%), from €721 to €1,285
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 | €64,321 | €62,715 | -€1,606 | -2.5% |
| Fixed assets | 21/28 | €4,075 | €2,671 | -€1,404 | -34.4% |
| Tangible fixed assets | 22/27 | €2,075 | €671 | -€1,404 | -67.7% |
| Plant, machinery and equipment | 23 | €1,461 | €262 | -€1,199 | -82.1% |
| Furniture and vehicles | 24 | €614 | €409 | -€205 | -33.3% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €60,246 | €60,043 | -€203 | -0.3% |
| Amounts receivable within one year | 40/41 | €20,062 | €52,341 | +€32,279 | +160.9% |
| Trade receivables | 40 | €201 | €2,114 | +€1,912 | +951.1% |
| Other amounts receivable | 41 | €19,861 | €50,227 | +€30,366 | +152.9% |
| Cash at bank and in hand | 54/58 | €39,102 | €7,702 | -€31,399 | -80.3% |
| Deferred charges and accrued income | 490/1 | €1,082 | - | -€1,082 | |
| Total equity and liabilities | 10/49 | €64,321 | €62,715 | -€1,606 | -2.5% |
| Equity | 10/15 | €64,188 | €28,538 | -€35,650 | -55.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,288 | €7,638 | -€35,650 | -82.4% |
| Amounts payable | 17/49 | €133 | €34,176 | +€34,044 | +25615.9% |
| Amounts payable within one year | 42/48 | €133 | €34,176 | +€34,044 | +25615.9% |
| Trade debts | 44 | €40 | €591 | +€551 | +1380.1% |
| Suppliers | 440/4 | €40 | €591 | +€551 | +1380.1% |
| Taxes, remuneration and social security | 45 | €93 | €645 | +€552 | +593.8% |
| Taxes | 450/3 | €93 | €645 | +€552 | +593.8% |
| Other amounts payable | 47/48 | - | €32,940 | +€32,940 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,486 | €1,404 | -€83 | -5.6% |
| Other operating charges | 640/8 | €1,608 | €144 | -€1,464 | -91.0% |
| Gross operating margin | 9900 | -€5,899 | -€34,142 | -€28,243 | -478.8% |
| Operating profit (loss) | 9901 | -€8,993 | -€35,690 | -€26,697 | -296.9% |
| Financial income | 75/76B | €721 | €1,285 | +€564 | +78.3% |
| Recurring financial income | 75 | €721 | €1,285 | +€564 | +78.3% |
| Financial charges | 65/66B | €600 | €600 | +€0 | 0.0% |
| Recurring financial charges | 65 | €600 | €600 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,873 | -€35,005 | -€26,132 | -294.5% |
| Income taxes | 67/77 | €68 | €645 | +€577 | +852.0% |
| Profit (loss) for the period | 9904 | -€8,940 | -€35,650 | -€26,709 | -298.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,940 | -€35,650 | -€26,709 | -298.7% |
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 28 September 2026 via checked.be.