FMU ADVISORY: 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.
FMU ADVISORY
Largest movements
- Current investments +€62,874
new in 2025: €62,874
- Cash +€31,172
up €31,172 (+67.7%), from €46,046 to €77,219
mainly Net result for the year (+€77,734) and Tax, wage and social debts (+€19,232)
- Tangible fixed assets +€3,636
up €3,636 (+28.6%), from €12,702 to €16,338
of which Furniture and vehicles: +€4,084
- Profit (loss) carried forward +€77,734
up €77,734 (+213.8%), from €36,353 to €114,087
- Tax, wage and social debts +€19,232
up €19,232 (+101.1%), from €19,028 to €38,259
of which Taxes: +€19,232
- Gross operating margin +€56,175
up €56,175 (+121.4%), from €46,263 to €102,439
- Taxes +€11,037
up €11,037 (+122.4%), from €9,020 to €20,057
- Depreciation +€3,904
up €3,904 (+582.9%), from €670 to €4,574
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 | €58,748 | €156,603 | +€97,855 | +166.6% |
| Fixed assets | 21/28 | €12,702 | €16,338 | +€3,636 | +28.6% |
| Tangible fixed assets | 22/27 | €12,702 | €16,338 | +€3,636 | +28.6% |
| Furniture and vehicles | 24 | €10,526 | €14,610 | +€4,084 | +38.8% |
| Other tangible fixed assets | 26 | €2,176 | €1,728 | -€448 | -20.6% |
| Current assets | 29/58 | €46,046 | €140,265 | +€94,219 | +204.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | - | €62,874 | +€62,874 | |
| Cash at bank and in hand | 54/58 | €46,046 | €77,219 | +€31,172 | +67.7% |
| Deferred charges and accrued income | 490/1 | - | €173 | +€173 | |
| Total equity and liabilities | 10/49 | €58,748 | €156,603 | +€97,855 | +166.6% |
| Equity | 10/15 | €37,353 | €115,087 | +€77,734 | +208.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,353 | €114,087 | +€77,734 | +213.8% |
| Amounts payable | 17/49 | €21,395 | €41,516 | +€20,121 | +94.0% |
| Amounts payable within one year | 42/48 | €21,395 | €41,516 | +€20,121 | +94.0% |
| Trade debts | 44 | €2,367 | €2,847 | +€479 | +20.3% |
| Suppliers | 440/4 | €2,367 | €2,847 | +€479 | +20.3% |
| Taxes, remuneration and social security | 45 | €19,028 | €38,259 | +€19,232 | +101.1% |
| Taxes | 450/3 | €19,028 | €38,259 | +€19,232 | +101.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €410 | +€410 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €670 | €4,574 | +€3,904 | +582.9% |
| Other operating charges | 640/8 | €221 | €66 | -€155 | -70.2% |
| Gross operating margin | 9900 | €46,263 | €102,439 | +€56,175 | +121.4% |
| Operating profit (loss) | 9901 | €45,373 | €97,799 | +€52,426 | +115.5% |
| Financial charges | 65/66B | - | €9 | +€9 | |
| Recurring financial charges | 65 | - | €9 | +€9 | |
| Profit (loss) for the period before taxes | 9903 | €45,373 | €97,791 | +€52,418 | +115.5% |
| Income taxes | 67/77 | €9,020 | €20,057 | +€11,037 | +122.4% |
| Profit (loss) for the period | 9904 | €36,353 | €77,734 | +€41,381 | +113.8% |
| Profit (loss) for the period to be appropriated | 9905 | €36,353 | €77,734 | +€41,381 | +113.8% |
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 4 October 2026 via checked.be.