FPM MANAGEMENT: 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.
FPM MANAGEMENT
Largest movements
- Receivables after one year +€205,000
up €205,000 (+164.0%), from €125,000 to €330,000
of which Other amounts receivable: +€330,000
- Receivables within one year -€44,341
down €44,341 (-89.3%), from €49,650 to €5,309
of which Other amounts receivable: -€24,123
- Deferred charges and accrued income +€5,918
new in 2025: €5,918
- Cash +€3,907
up €3,907 (+3588.1%), from €109 to €4,016
mainly Trade debts (+€135,130) and Tax, wage and social debts (+€59,219)
- Trade debts +€135,130
up €135,130 (+1964.4%), from €6,879 to €142,009
- Tax, wage and social debts +€59,219
up €59,219 (+105.6%), from €56,062 to €115,281
of which Taxes: +€38,707
- Other debts -€26,401
down €26,401 (-54.2%), from €48,732 to €22,331
- Staff costs +€32,031
new in 2025: €32,031
- Write-downs +€24,616
new in 2025: €24,616
- Taxes -€15,860
down €15,860 (-91.4%), from €17,346 to €1,486
- Gross operating margin -€15,706
down €15,706 (-19.5%), from €80,509 to €64,803
- Other operating charges +€5,551
up €5,551 (+315.4%), from €1,760 to €7,311
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 | €174,759 | €345,242 | +€170,484 | +97.6% |
| Current assets | 29/58 | €174,759 | €345,242 | +€170,484 | +97.6% |
| Amounts receivable after more than one year | 29 | €125,000 | €330,000 | +€205,000 | +164.0% |
| Trade receivables | 290 | €125,000 | - | -€125,000 | |
| Other amounts receivable | 291 | - | €330,000 | +€330,000 | |
| Amounts receivable within one year | 40/41 | €49,650 | €5,309 | -€44,341 | -89.3% |
| Trade receivables | 40 | €22,534 | €2,317 | -€20,218 | -89.7% |
| Other amounts receivable | 41 | €27,115 | €2,992 | -€24,123 | -89.0% |
| Cash at bank and in hand | 54/58 | €109 | €4,016 | +€3,907 | +3588.1% |
| Deferred charges and accrued income | 490/1 | - | €5,918 | +€5,918 | |
| Total equity and liabilities | 10/49 | €174,759 | €345,242 | +€170,484 | +97.6% |
| Equity | 10/15 | €63,085 | €64,827 | +€1,742 | +2.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €33,462 | €33,462 | = | 0.0% |
| Distributable reserves | 133 | €33,462 | €33,462 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,623 | €28,365 | +€1,742 | +6.5% |
| Amounts payable | 17/49 | €111,674 | €280,415 | +€168,741 | +151.1% |
| Amounts payable within one year | 42/48 | €111,674 | €279,621 | +€167,948 | +150.4% |
| Trade debts | 44 | €6,879 | €142,009 | +€135,130 | +1964.4% |
| Suppliers | 440/4 | €6,879 | €142,009 | +€135,130 | +1964.4% |
| Taxes, remuneration and social security | 45 | €56,062 | €115,281 | +€59,219 | +105.6% |
| Taxes | 450/3 | €56,062 | €94,769 | +€38,707 | +69.0% |
| Remuneration and social security | 454/9 | - | €20,512 | +€20,512 | |
| Other amounts payable | 47/48 | €48,732 | €22,331 | -€26,401 | -54.2% |
| Accrued charges and deferred income | 492/3 | - | €794 | +€794 | |
| Remuneration, social security and pensions | 62 | - | €32,031 | +€32,031 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24,616 | +€24,616 | |
| Other operating charges | 640/8 | €1,760 | €7,311 | +€5,551 | +315.4% |
| Gross operating margin | 9900 | €80,509 | €64,803 | -€15,706 | -19.5% |
| Operating profit (loss) | 9901 | €78,749 | €846 | -€77,903 | -98.9% |
| Financial income | 75/76B | €3,463 | €4,548 | +€1,084 | +31.3% |
| Recurring financial income | 75 | €3,463 | €4,548 | +€1,084 | +31.3% |
| Financial charges | 65/66B | €1,404 | €2,165 | +€761 | +54.2% |
| Recurring financial charges | 65 | €1,404 | €2,165 | +€761 | +54.2% |
| Profit (loss) for the period before taxes | 9903 | €80,808 | €3,228 | -€77,580 | -96.0% |
| Income taxes | 67/77 | €17,346 | €1,486 | -€15,860 | -91.4% |
| Profit (loss) for the period | 9904 | €63,462 | €1,742 | -€61,720 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,462 | €1,742 | -€61,720 | -97.3% |
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 30 September 2026 via checked.be.