FMTE: 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.
FMTE
Largest movements
- Current investments -€200,000
down €200,000 (-50.0%), from €400,000 to €200,000
- Reserves -€200,000
down €200,000 (-90.8%), from €220,374 to €20,374
of which Distributable reserves: -€200,000
- Other debts -€88,357
down €88,357 (-7.9%), from €1.1m to €1.0m
- Profit (loss) carried forward +€72,884
up €72,884 (+8.3%), from €879,540 to €952,424
- Trade debts +€25,222
up €25,222 (+444.0%), from €5,680 to €30,902
- Gross operating margin +€35,308
up €35,308 (+25.5%), from €138,536 to €173,844
- Purchases and services -€6,485
down €6,485 (-41.0%), from €15,828 to €9,343
- Depreciation +€3,871
up €3,871 (+5.1%), from €76,626 to €80,497
- Taxes -€3,864
down €3,864 (-22.7%), from €17,001 to €13,137
- Other operating charges +€3,279
up €3,279 (+39.6%), from €8,280 to €11,559
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 | €2,512,312 | €2,303,275 | -€209,037 | -8.3% |
| Fixed assets | 21/28 | €1,169,056 | €1,156,483 | -€12,573 | -1.1% |
| Tangible fixed assets | 22/27 | €1,169,056 | €1,156,483 | -€12,573 | -1.1% |
| Land and buildings | 22 | €426,563 | €403,813 | -€22,750 | -5.3% |
| Plant, machinery and equipment | 23 | €95,193 | €99,103 | +€3,910 | +4.1% |
| Furniture and vehicles | 24 | €889 | €43,994 | +€43,105 | +4848.7% |
| Leasing and similar rights | 25 | €630,562 | €593,724 | -€36,838 | -5.8% |
| Other tangible fixed assets | 26 | €849 | €849 | = | 0.0% |
| Assets under construction and advance payments | 27 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €1,343,256 | €1,146,792 | -€196,464 | -14.6% |
| Amounts receivable within one year | 40/41 | €808,533 | €828,094 | +€19,561 | +2.4% |
| Trade receivables | 40 | €18,533 | €27,510 | +€8,977 | +48.4% |
| Other amounts receivable | 41 | €790,000 | €800,584 | +€10,584 | +1.3% |
| Current investments | 50/53 | €400,000 | €200,000 | -€200,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €134,723 | €118,698 | -€16,025 | -11.9% |
| Total equity and liabilities | 10/49 | €2,512,312 | €2,303,275 | -€209,037 | -8.3% |
| Equity | 10/15 | €1,298,229 | €1,171,113 | -€127,116 | -9.8% |
| Contributions | 10/11 | €198,315 | €198,315 | = | 0.0% |
| Reserves | 13 | €220,374 | €20,374 | -€200,000 | -90.8% |
| Non-distributable reserves | 130/1 | €20,374 | €20,374 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,374 | €20,374 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | - | -€200,000 | |
| Profit (loss) carried forward | 14 | €879,540 | €952,424 | +€72,884 | +8.3% |
| Amounts payable | 17/49 | €1,214,083 | €1,132,162 | -€81,921 | -6.7% |
| Amounts payable after more than one year | 17 | €66,690 | €52,908 | -€13,782 | -20.7% |
| Financial debts | 170/4 | €66,690 | €52,908 | -€13,782 | -20.7% |
| Amounts payable within one year | 42/48 | €1,147,393 | €1,079,254 | -€68,139 | -5.9% |
| Current portion of amounts payable after more than one year | 42 | €16,374 | €14,143 | -€2,231 | -13.6% |
| Trade debts | 44 | €5,680 | €30,902 | +€25,222 | +444.0% |
| Suppliers | 440/4 | €5,680 | €30,902 | +€25,222 | +444.0% |
| Taxes, remuneration and social security | 45 | €2,991 | €218 | -€2,773 | -92.7% |
| Taxes | 450/3 | €2,991 | €218 | -€2,773 | -92.7% |
| Other amounts payable | 47/48 | €1,122,348 | €1,033,991 | -€88,357 | -7.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €15,828 | €9,343 | -€6,485 | -41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,626 | €80,497 | +€3,871 | +5.1% |
| Other operating charges | 640/8 | €8,280 | €11,559 | +€3,279 | +39.6% |
| Gross operating margin | 9900 | €138,536 | €173,844 | +€35,308 | +25.5% |
| Operating profit (loss) | 9901 | €53,630 | €81,788 | +€28,158 | +52.5% |
| Financial income | 75/76B | €11,850 | €8,723 | -€3,127 | -26.4% |
| Recurring financial income | 75 | €11,850 | €8,723 | -€3,127 | -26.4% |
| Financial charges | 65/66B | €6,230 | €4,490 | -€1,740 | -27.9% |
| Recurring financial charges | 65 | €6,230 | €4,490 | -€1,740 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €59,250 | €86,021 | +€26,771 | +45.2% |
| Income taxes | 67/77 | €17,001 | €13,137 | -€3,864 | -22.7% |
| Profit (loss) for the period | 9904 | €42,249 | €72,884 | +€30,635 | +72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €42,249 | €72,884 | +€30,635 | +72.5% |
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 9 October 2026 via checked.be.