FMA: 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.
What changed
FMA
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €903,158+€338,751
Equity
€3.7m
2024 · €5.0m-€1.3m
Cash
€1.8m
2024 · €1.7m+€21,156
Balance sheet total
€11.4m
2024 · €11.6m-€182,709
Largest movements
Assets
- Receivables within one year +€4.3m
up €4.3m (+220%), from €2.0m to €6.3m
of which Trade receivables: +€4.6m
- Stocks and contracts -€3.0m
down €3.0m (-54.1%), from €5.6m to €2.6m
- Current investments -€1.5m
no longer reported in 2025 (was €1.5m)
Equity and liabilities
- Reserves -€1.3m
down €1.3m (-26.7%), from €4.7m to €3.4m
of which Distributable reserves: -€1.3m
- Tax, wage and social debts +€405,246
up €405,246 (+60.6%), from €668,410 to €1.1m
of which Taxes: +€367,957
- Trade debts +€355,308
up €355,308 (+39.6%), from €896,335 to €1.3m
- Advances received +€304,653
up €304,653 (+6.2%), from €4.9m to €5.2m
Income statement
- Turnover +€5.7m
up €5.7m (+14.7%), from €38.8m to €44.4m
- Goods and materials +€5.0m
up €5.0m (+15.0%), from €33.3m to €38.3m
of which Change in stocks: decrease (increase): +€2.8m
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.
Result 2024
€903,158
Turnover
+€5.7m
Other operating income
+€138,475
Goods and materials
-€5.0m
Services and other goods
-€193,013
Staff costs
-€257,111
Depreciation
-€37,237
Write-downs
+€126,804
Other operating charges
-€21,336
Financial income
-€5,225
Financial charges
+€22,821
Taxes
-€127,821
Result 2025
€1.2m
raises the resultlowers the result
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.
From operations
+€1.4m
Investment
+€1.1m
Financing
-€2.5m
Cash 2024
€1.7m
From operations (derived)
+€1.4m
Net result for the year
+€1.2m
Depreciation
+€307,729
Stocks and contracts
+€3.0m
Receivables within one year
-€4.3m
Deferred charges and accrued income
+€49,902
Trade debts
+€355,308
Tax, wage and social debts
+€405,246
Advances received
+€304,653
Accrued charges and deferred income
+€10,177
Investment (derived)
+€1.1m
Investment in fixed assets (net)
-€358,031
Current investments
+€1.5m
Financing
-€2.5m
Contributions, distributions and other
-€2.5m
Cash 2025
€1.8m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,588,884 | €11,406,175 | -€182,709 | -1.6% |
| Fixed assets | 21/28 | €723,256 | €773,558 | +€50,302 | +7.0% |
| Intangible fixed assets | 21 | €22,681 | €19,624 | -€3,057 | -13.5% |
| Tangible fixed assets | 22/27 | €693,375 | €746,734 | +€53,359 | +7.7% |
| Plant, machinery and equipment | 23 | €76,794 | €90,177 | +€13,383 | +17.4% |
| Furniture and vehicles | 24 | €450,009 | €468,285 | +€18,276 | +4.1% |
| Other tangible fixed assets | 26 | €166,572 | €188,272 | +€21,700 | +13.0% |
| Financial fixed assets | 28 | €7,200 | €7,200 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,200 | €7,200 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €7,200 | €7,200 | = | 0.0% |
| Current assets | 29/58 | €10,865,628 | €10,632,617 | -€233,011 | -2.1% |
| Stocks and contracts in progress | 3 | €5,561,431 | €2,555,180 | -€3.0m | -54.1% |
| Stocks | 30/36 | €5,561,431 | €2,555,180 | -€3.0m | -54.1% |
| Goods purchased for resale | 34 | €5,561,431 | €2,555,180 | -€3.0m | -54.1% |
| Amounts receivable within one year | 40/41 | €1,951,102 | €6,253,089 | +€4.3m | +220% |
| Trade receivables | 40 | €1,531,173 | €6,088,632 | +€4.6m | +298% |
| Other amounts receivable | 41 | €419,929 | €164,457 | -€255,472 | -60.8% |
| Current investments | 50/53 | €1,500,000 | - | -€1.5m | |
| Other investments | 51/53 | €1,500,000 | - | -€1.5m | |
| Cash at bank and in hand | 54/58 | €1,730,821 | €1,751,977 | +€21,156 | +1.2% |
| Deferred charges and accrued income | 490/1 | €122,274 | €72,372 | -€49,902 | -40.8% |
| Total equity and liabilities | 10/49 | €11,588,884 | €11,406,175 | -€182,709 | -1.6% |
| Equity | 10/15 | €5,007,593 | €3,749,501 | -€1.3m | -25.1% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €4,707,593 | €3,449,501 | -€1.3m | -26.7% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €4,677,593 | €3,419,501 | -€1.3m | -26.9% |
| Amounts payable | 17/49 | €6,581,291 | €7,656,674 | +€1.1m | +16.3% |
| Amounts payable within one year | 42/48 | €6,581,291 | €7,646,497 | +€1.1m | +16.2% |
| Trade debts | 44 | €896,335 | €1,251,643 | +€355,308 | +39.6% |
| Suppliers | 440/4 | €896,335 | €1,251,643 | +€355,308 | +39.6% |
| Advances received on contracts in progress | 46 | €4,938,999 | €5,243,652 | +€304,653 | +6.2% |
| Taxes, remuneration and social security | 45 | €668,410 | €1,073,655 | +€405,246 | +60.6% |
| Taxes | 450/3 | €494,465 | €862,421 | +€367,957 | +74.4% |
| Remuneration and social security | 454/9 | €173,945 | €211,234 | +€37,289 | +21.4% |
| Other amounts payable | 47/48 | €77,548 | €77,548 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €10,177 | +€10,177 | |
| Operating income | 70/76A | €38,873,696 | €44,694,286 | +€5.8m | +15.0% |
| Turnover | 70 | €38,763,372 | €44,445,487 | +€5.7m | +14.7% |
| Other operating income | 74 | €110,324 | €248,799 | +€138,475 | +126% |
| Operating charges | 60/66A | €37,635,938 | €43,007,552 | +€5.4m | +14.3% |
| Goods for resale, raw materials and consumables | 60 | €33,347,720 | €38,337,441 | +€5.0m | +15.0% |
| Purchases | 600/8 | €33,099,102 | €35,315,073 | +€2.2m | +6.7% |
| Change in stocks: decrease (increase) | 609 | €248,618 | €3,022,368 | +€2.8m | +1,116% |
| Services and other goods | 61 | €2,181,789 | €2,374,802 | +€193,013 | +8.8% |
| Remuneration, social security and pensions | 62 | €1,692,925 | €1,950,036 | +€257,111 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270,492 | €307,729 | +€37,237 | +13.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €110,688 | -€16,116 | -€126,804 | |
| Other operating charges | 640/8 | €32,324 | €53,660 | +€21,336 | +66.0% |
| Operating profit (loss) | 9901 | €1,237,758 | €1,686,735 | +€448,977 | +36.3% |
| Financial income | 75/76B | €35,296 | €30,072 | -€5,225 | -14.8% |
| Recurring financial income | 75 | €35,296 | €30,072 | -€5,225 | -14.8% |
| Income from current assets | 751 | €34,956 | €28,081 | -€6,875 | -19.7% |
| Other financial income | 752/9 | €341 | €1,991 | +€1,650 | +484% |
| Financial charges | 65/66B | €41,530 | €18,710 | -€22,821 | -54.9% |
| Recurring financial charges | 65 | €41,530 | €18,710 | -€22,821 | -54.9% |
| Debt charges | 650 | €11,921 | €9,125 | -€2,796 | -23.5% |
| Other financial charges | 652/9 | €29,609 | €9,585 | -€20,024 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | €1,231,524 | €1,698,096 | +€466,572 | +37.9% |
| Income taxes | 67/77 | €328,366 | €456,187 | +€127,821 | +38.9% |
| Taxes | 670/3 | €328,366 | €456,187 | +€127,821 | +38.9% |
| Profit (loss) for the period | 9904 | €903,158 | €1,241,909 | +€338,751 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €903,158 | €1,241,909 | +€338,751 | +37.5% |
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 19 October 2026 via checked.be.