FMS+: 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.
FMS+
Largest movements
- Receivables within one year -€351,531
no longer reported in 2025 (was €351,531)
of which Other amounts receivable: -€349,454
- Cash +€20,252
up €20,252 (+39.1%), from €51,794 to €72,046
mainly Receivables within one year (+€351,531) and Other debts (+€36,706)
- Tangible fixed assets -€9,691
down €9,691 (-27.0%), from €35,956 to €26,265
of which Furniture and vehicles: -€8,798
- Deferred charges and accrued income +€6,328
new in 2025: €6,328
- Profit (loss) carried forward -€302,781
down €302,781, from €53,015 to -€249,766
- Tax, wage and social debts -€49,904
down €49,904 (-20.1%), from €248,858 to €198,954
of which Taxes: -€80,584
- Other debts +€36,706
up €36,706 (+339%), from €10,817 to €47,523
- Trade debts -€17,994
down €17,994 (-12.0%), from €149,511 to €131,517
- Other operating charges -€52,228
down €52,228 (-94.9%), from €55,052 to €2,824
- Gross operating margin +€31,160
up €31,160 (+13.3%), from €234,512 to €265,672
- Financial charges +€15,050
up €15,050 (+5,811%), from €259 to €15,309
- Taxes -€6,035
down €6,035 (-10.9%), from €55,276 to €49,241
- Staff costs +€3,458
up €3,458 (+0.8%), from €460,465 to €463,923
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 | €482,201 | €148,228 | -€333,973 | -69.3% |
| Fixed assets | 21/28 | €38,436 | €28,794 | -€9,642 | -25.1% |
| Intangible fixed assets | 21 | - | €49 | +€49 | |
| Tangible fixed assets | 22/27 | €35,956 | €26,265 | -€9,691 | -27.0% |
| Plant, machinery and equipment | 23 | €2,789 | €1,896 | -€893 | -32.0% |
| Furniture and vehicles | 24 | €33,167 | €24,369 | -€8,798 | -26.5% |
| Financial fixed assets | 28 | €2,480 | €2,480 | = | 0.0% |
| Current assets | 29/58 | €443,765 | €119,434 | -€324,331 | -73.1% |
| Stocks and contracts in progress | 3 | €40,440 | €41,060 | +€620 | +1.5% |
| Stocks | 30/36 | €40,440 | €41,060 | +€620 | +1.5% |
| Amounts receivable within one year | 40/41 | €351,531 | - | -€351,531 | |
| Trade receivables | 40 | €2,077 | - | -€2,077 | |
| Other amounts receivable | 41 | €349,454 | - | -€349,454 | |
| Cash at bank and in hand | 54/58 | €51,794 | €72,046 | +€20,252 | +39.1% |
| Deferred charges and accrued income | 490/1 | - | €6,328 | +€6,328 | |
| Total equity and liabilities | 10/49 | €482,201 | €148,228 | -€333,973 | -69.3% |
| Equity | 10/15 | €73,015 | -€229,766 | -€302,781 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Profit (loss) carried forward | 14 | €53,015 | -€249,766 | -€302,781 | |
| Amounts payable | 17/49 | €409,186 | €377,994 | -€31,192 | -7.6% |
| Amounts payable within one year | 42/48 | €409,186 | €377,994 | -€31,192 | -7.6% |
| Trade debts | 44 | €149,511 | €131,517 | -€17,994 | -12.0% |
| Suppliers | 440/4 | €149,511 | €131,517 | -€17,994 | -12.0% |
| Taxes, remuneration and social security | 45 | €248,858 | €198,954 | -€49,904 | -20.1% |
| Taxes | 450/3 | €179,453 | €98,869 | -€80,584 | -44.9% |
| Remuneration and social security | 454/9 | €69,405 | €100,085 | +€30,680 | +44.2% |
| Other amounts payable | 47/48 | €10,817 | €47,523 | +€36,706 | +339% |
| Remuneration, social security and pensions | 62 | €460,465 | €463,923 | +€3,458 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,714 | €17,597 | -€117 | -0.7% |
| Other operating charges | 640/8 | €55,052 | €2,824 | -€52,228 | -94.9% |
| Non-recurring operating charges | 66A | - | €19,559 | +€19,559 | |
| Gross operating margin | 9900 | €234,512 | €265,672 | +€31,160 | +13.3% |
| Operating profit (loss) | 9901 | -€298,719 | -€238,231 | +€60,488 | +20.2% |
| Financial charges | 65/66B | €259 | €15,309 | +€15,050 | +5,811% |
| Recurring financial charges | 65 | €259 | €15,309 | +€15,050 | +5,811% |
| Profit (loss) for the period before taxes | 9903 | -€298,978 | -€253,540 | +€45,438 | +15.2% |
| Income taxes | 67/77 | €55,276 | €49,241 | -€6,035 | -10.9% |
| Profit (loss) for the period | 9904 | -€354,254 | -€302,781 | +€51,473 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€354,254 | -€302,781 | +€51,473 | +14.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.