FUM: 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.
FUM
Largest movements
- Cash +€24,420
up €24,420 (+22.3%), from €109,682 to €134,103
mainly Net result for the year (+€66,242) and Depreciation (+€33,272)
- Deferred charges and accrued income +€19,034
up €19,034 (+675.3%), from €2,819 to €21,853
- Receivables within one year +€16,049
up €16,049 (+58.2%), from €27,580 to €43,629
of which Trade receivables: +€30,761
- Tangible fixed assets +€12,022
up €12,022 (+5.7%), from €210,646 to €222,669
of which Plant, machinery and equipment: +€40,290
- Profit (loss) carried forward +€66,242
up €66,242 (+27.6%), from €239,890 to €306,132
- Other debts +€9,370
new in 2024: €9,370
- Tax, wage and social debts -€7,355
down €7,355 (-8.0%), from €92,207 to €84,852
of which Taxes: -€4,778
- Gross operating margin +€99,354
up €99,354 (+20.9%), from €474,424 to €573,778
- Staff costs +€27,429
up €27,429 (+6.9%), from €399,518 to €426,947
- Taxes +€17,085
up €17,085 (+224.0%), from €7,629 to €24,714
- Depreciation +€7,784
up €7,784 (+30.5%), from €25,487 to €33,272
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €443,245 | €516,896 | +€73,651 | +16.6% |
| Fixed assets | 21/28 | €236,146 | €248,169 | +€12,022 | +5.1% |
| Tangible fixed assets | 22/27 | €210,646 | €222,669 | +€12,022 | +5.7% |
| Plant, machinery and equipment | 23 | €133,371 | €173,660 | +€40,290 | +30.2% |
| Furniture and vehicles | 24 | €77,276 | €49,009 | -€28,267 | -36.6% |
| Financial fixed assets | 28 | €25,500 | €25,500 | = | 0.0% |
| Current assets | 29/58 | €207,099 | €268,727 | +€61,629 | +29.8% |
| Amounts receivable after more than one year | 29 | €60,500 | €60,500 | = | 0.0% |
| Other amounts receivable | 291 | €60,500 | €60,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €6,517 | €8,642 | +€2,125 | +32.6% |
| Stocks | 30/36 | €6,517 | €8,642 | +€2,125 | +32.6% |
| Amounts receivable within one year | 40/41 | €27,580 | €43,629 | +€16,049 | +58.2% |
| Trade receivables | 40 | €12,822 | €43,583 | +€30,761 | +239.9% |
| Other amounts receivable | 41 | €14,758 | €47 | -€14,712 | -99.7% |
| Cash at bank and in hand | 54/58 | €109,682 | €134,103 | +€24,420 | +22.3% |
| Deferred charges and accrued income | 490/1 | €2,819 | €21,853 | +€19,034 | +675.3% |
| Total equity and liabilities | 10/49 | €443,245 | €516,896 | +€73,651 | +16.6% |
| Equity | 10/15 | €260,350 | €326,592 | +€66,242 | +25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €239,890 | €306,132 | +€66,242 | +27.6% |
| Amounts payable | 17/49 | €182,894 | €190,304 | +€7,410 | +4.1% |
| Amounts payable within one year | 42/48 | €182,894 | €187,572 | +€4,678 | +2.6% |
| Trade debts | 44 | €90,687 | €93,349 | +€2,662 | +2.9% |
| Suppliers | 440/4 | €90,687 | €93,349 | +€2,662 | +2.9% |
| Taxes, remuneration and social security | 45 | €92,207 | €84,852 | -€7,355 | -8.0% |
| Taxes | 450/3 | €61,415 | €56,637 | -€4,778 | -7.8% |
| Remuneration and social security | 454/9 | €30,792 | €28,215 | -€2,577 | -8.4% |
| Other amounts payable | 47/48 | - | €9,370 | +€9,370 | |
| Accrued charges and deferred income | 492/3 | - | €2,732 | +€2,732 | |
| Remuneration, social security and pensions | 62 | €399,518 | €426,947 | +€27,429 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,487 | €33,272 | +€7,784 | +30.5% |
| Other operating charges | 640/8 | €17,963 | €12,896 | -€5,067 | -28.2% |
| Gross operating margin | 9900 | €474,424 | €573,778 | +€99,354 | +20.9% |
| Operating profit (loss) | 9901 | €31,456 | €100,664 | +€69,208 | +220.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €7,948 | €9,708 | +€1,759 | +22.1% |
| Recurring financial charges | 65 | €7,948 | €9,708 | +€1,759 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €23,509 | €90,956 | +€67,447 | +286.9% |
| Income taxes | 67/77 | €7,629 | €24,714 | +€17,085 | +224.0% |
| Profit (loss) for the period | 9904 | €15,880 | €66,242 | +€50,362 | +317.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,880 | €66,242 | +€50,362 | +317.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.