FRM Consulting: 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.
FRM Consulting
Largest movements
- Receivables within one year +€33,623
up €33,623 (+148%), from €22,772 to €56,395
of which Other amounts receivable: +€33,537
- Cash -€5,860
down €5,860 (-83.7%), from €7,000 to €1,140
mainly Receivables within one year (-€33,623) and Contributions, distributions and other (-€25,000)
- Deferred charges and accrued income -€2,765
no longer reported in 2025 (was €2,765)
- Tangible fixed assets -€1,747
down €1,747 (-50.0%), from €3,495 to €1,747
of which Plant, machinery and equipment: -€1,747
- Other debts +€18,333
up €18,333 (+100%), from €18,317 to €36,650
- Tax, wage and social debts +€6,804
up €6,804 (+32.5%), from €20,925 to €27,729
- Trade debts -€2,213
down €2,213 (-14.1%), from €15,681 to €13,468
- Gross operating margin +€13,035
up €13,035 (+47.8%), from €27,267 to €40,302
- Financial charges +€936
up €936 (+253%), from €369 to €1,305
- Other operating charges +€527
up €527 (+19.2%), from €2,748 to €3,275
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.
Derived cash bridge
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 | €82,231 | €105,482 | +€23,251 | +28.3% |
| Fixed assets | 21/28 | €49,695 | €47,947 | -€1,747 | -3.5% |
| Tangible fixed assets | 22/27 | €3,495 | €1,747 | -€1,747 | -50.0% |
| Plant, machinery and equipment | 23 | €3,495 | €1,747 | -€1,747 | -50.0% |
| Furniture and vehicles | 24 | €0 | - | -€0 | |
| Financial fixed assets | 28 | €46,200 | €46,200 | = | 0.0% |
| Current assets | 29/58 | €32,536 | €57,535 | +€24,999 | +76.8% |
| Amounts receivable within one year | 40/41 | €22,772 | €56,395 | +€33,623 | +148% |
| Trade receivables | 40 | €6,388 | €6,473 | +€86 | +1.3% |
| Other amounts receivable | 41 | €16,384 | €49,922 | +€33,537 | +205% |
| Cash at bank and in hand | 54/58 | €7,000 | €1,140 | -€5,860 | -83.7% |
| Deferred charges and accrued income | 490/1 | €2,765 | - | -€2,765 | |
| Total equity and liabilities | 10/49 | €82,231 | €105,482 | +€23,251 | +28.3% |
| Equity | 10/15 | €12,309 | €12,636 | +€327 | +2.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,809 | €11,136 | +€327 | +3.0% |
| Amounts payable | 17/49 | €69,923 | €92,847 | +€22,924 | +32.8% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €54,923 | €77,847 | +€22,924 | +41.7% |
| Trade debts | 44 | €15,681 | €13,468 | -€2,213 | -14.1% |
| Suppliers | 440/4 | €15,681 | €13,468 | -€2,213 | -14.1% |
| Taxes, remuneration and social security | 45 | €20,925 | €27,729 | +€6,804 | +32.5% |
| Taxes | 450/3 | €20,925 | €27,729 | +€6,804 | +32.5% |
| Other amounts payable | 47/48 | €18,317 | €36,650 | +€18,333 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,041 | €1,747 | -€294 | -14.4% |
| Other operating charges | 640/8 | €2,748 | €3,275 | +€527 | +19.2% |
| Gross operating margin | 9900 | €27,267 | €40,302 | +€13,035 | +47.8% |
| Operating profit (loss) | 9901 | €22,478 | €35,279 | +€12,801 | +56.9% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €369 | €1,305 | +€936 | +253% |
| Recurring financial charges | 65 | €369 | €1,305 | +€936 | +253% |
| Profit (loss) for the period before taxes | 9903 | €22,109 | €33,974 | +€11,865 | +53.7% |
| Income taxes | 67/77 | €8,333 | €8,647 | +€313 | +3.8% |
| Profit (loss) for the period | 9904 | €13,775 | €25,327 | +€11,552 | +83.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,775 | €25,327 | +€11,552 | +83.9% |
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 21 October 2026 via checked.be.