FICOMOR: 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.
FICOMOR
Largest movements
- Tangible fixed assets -€18,645
down €18,645 (-7.2%), from €260,289 to €241,644
of which Land and buildings: -€18,100
- Receivables within one year -€8,567
down €8,567 (-12.5%), from €68,563 to €59,995
of which Other amounts receivable: -€8,567
- Cash -€3,859
down €3,859 (-11.6%), from €33,161 to €29,303
mainly Contributions, distributions and other (-€168,600) and Debts after one year (-€16,994)
- Contributions -€18,600
no longer reported in 2025 (was €18,600)
- Debts after one year -€16,994
down €16,994 (-10.9%), from €155,928 to €138,934
- Tax, wage and social debts +€8,585
up €8,585 (+38.1%), from €22,518 to €31,103
- Reserves -€6,557
down €6,557 (-4.0%), from €164,960 to €158,404
- Gross operating margin +€69,891
up €69,891 (+49.5%), from €141,307 to €211,198
- Taxes +€16,618
up €16,618 (+61.1%), from €27,186 to €43,804
- Financial income -€2,673
down €2,673 (-89.7%), from €2,981 to €308
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 | €381,702 | €350,939 | -€30,763 | -8.1% |
| Fixed assets | 21/28 | €270,639 | €251,994 | -€18,645 | -6.9% |
| Tangible fixed assets | 22/27 | €260,289 | €241,644 | -€18,645 | -7.2% |
| Land and buildings | 22 | €259,744 | €241,644 | -€18,100 | -7.0% |
| Furniture and vehicles | 24 | €545 | - | -€545 | |
| Financial fixed assets | 28 | €10,350 | €10,350 | = | 0.0% |
| Current assets | 29/58 | €111,063 | €98,945 | -€12,119 | -10.9% |
| Amounts receivable within one year | 40/41 | €68,563 | €59,995 | -€8,567 | -12.5% |
| Trade receivables | 40 | €3,000 | €3,000 | = | 0.0% |
| Other amounts receivable | 41 | €65,563 | €56,995 | -€8,567 | -13.1% |
| Cash at bank and in hand | 54/58 | €33,161 | €29,303 | -€3,859 | -11.6% |
| Deferred charges and accrued income | 490/1 | €9,339 | €9,647 | +€308 | +3.3% |
| Total equity and liabilities | 10/49 | €381,702 | €350,939 | -€30,763 | -8.1% |
| Equity | 10/15 | €183,560 | €158,404 | -€25,157 | -13.7% |
| Contributions | 10/11 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €164,960 | €158,404 | -€6,557 | -4.0% |
| Distributable reserves | 133 | €164,960 | €158,404 | -€6,557 | -4.0% |
| Amounts payable | 17/49 | €198,142 | €192,535 | -€5,606 | -2.8% |
| Amounts payable after more than one year | 17 | €155,928 | €138,934 | -€16,994 | -10.9% |
| Financial debts | 170/4 | €155,928 | €138,934 | -€16,994 | -10.9% |
| Amounts payable within one year | 42/48 | €42,214 | €52,164 | +€9,950 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €16,831 | €16,994 | +€163 | +1.0% |
| Financial debts | 43 | €1,253 | - | -€1,253 | |
| Credit institutions | 430/8 | €1,253 | - | -€1,253 | |
| Trade debts | 44 | €1,504 | €2,739 | +€1,235 | +82.1% |
| Suppliers | 440/4 | €1,504 | €2,739 | +€1,235 | +82.1% |
| Taxes, remuneration and social security | 45 | €22,518 | €31,103 | +€8,585 | +38.1% |
| Taxes | 450/3 | €22,518 | €31,103 | +€8,585 | +38.1% |
| Other amounts payable | 47/48 | €108 | €1,329 | +€1,221 | +1,132% |
| Accrued charges and deferred income | 492/3 | - | €1,437 | +€1,437 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,548 | €18,645 | +€97 | +0.5% |
| Other operating charges | 640/8 | €3,008 | €3,385 | +€378 | +12.6% |
| Gross operating margin | 9900 | €141,307 | €211,198 | +€69,891 | +49.5% |
| Operating profit (loss) | 9901 | €119,751 | €189,168 | +€69,417 | +58.0% |
| Financial income | 75/76B | €2,981 | €308 | -€2,673 | -89.7% |
| Recurring financial income | 75 | €2,981 | €308 | -€2,673 | -89.7% |
| Financial charges | 65/66B | €2,524 | €2,228 | -€295 | -11.7% |
| Recurring financial charges | 65 | €2,524 | €2,228 | -€295 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €120,209 | €187,247 | +€67,039 | +55.8% |
| Income taxes | 67/77 | €27,186 | €43,804 | +€16,618 | +61.1% |
| Profit (loss) for the period | 9904 | €93,022 | €143,443 | +€50,421 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €93,022 | €143,443 | +€50,421 | +54.2% |
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 24 October 2026 via checked.be.