Dear Grégoire
Finally someone who is familiar with FCM
First your question: Whenever you try to calculate the values within a loop you need a delay to have a beginning and an end of each calculation for each time step. System Dynamics as a methodology puts automatically a delay with each stock.
What I found interesting is that FCM alway show asymptotic behavior as they calculate loops but without stocks. Within a system dynamics simulation you can define stocks where appropriate and as a result the behavior could be escalating.
That is exactly what we do with the qualitative analysis through the iMODELER's Insight Matrix: There you see the would-be-impact of factor's impulses of the value 1 assuming that all loops contain stocks. So the idea of FCM is very similar to that of our qualitative analysis with the only difference that we calculate the probably more realistic potential impact of loops with stocks.
Happy modeling
Kai