F.G.M.: 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.
F.G.M.
Largest movements
- Tangible fixed assets -€9,052
down €9,052 (-18.3%), from €49,406 to €40,354
of which Land and buildings: -€9,015
- Financial fixed assets -€2,100
down €2,100 (-100.0%), from €2,100 to €0
- Other debts -€18,627
down €18,627 (-58.2%), from €32,031 to €13,404
- Profit (loss) carried forward +€6,316
up €6,316 (+38.1%), from €16,591 to €22,907
- Other operating charges -€10,262
down €10,262 (-76.4%), from €13,427 to €3,164
- Turnover -€4,890
down €4,890 (-19.8%), from €24,652 to €19,762
- Purchases and services -€2,266
down €2,266 (-18.4%), from €12,335 to €10,069
- Gross operating margin -€1,244
down €1,244 (-6.2%), from €20,217 to €18,973
- Depreciation -€645
down €645 (-6.6%), from €9,697 to €9,052
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 | €116,793 | €104,739 | -€12,054 | -10.3% |
| Fixed assets | 21/28 | €51,506 | €40,354 | -€11,152 | -21.7% |
| Tangible fixed assets | 22/27 | €49,406 | €40,354 | -€9,052 | -18.3% |
| Land and buildings | 22 | €49,369 | €40,354 | -€9,015 | -18.3% |
| Furniture and vehicles | 24 | €38 | - | -€38 | |
| Other tangible fixed assets | 26 | €0 | - | -€0 | |
| Financial fixed assets | 28 | €2,100 | €0 | -€2,100 | -100.0% |
| Current assets | 29/58 | €65,287 | €64,385 | -€902 | -1.4% |
| Amounts receivable within one year | 40/41 | €642 | - | -€642 | |
| Trade receivables | 40 | €642 | - | -€642 | |
| Cash at bank and in hand | 54/58 | €64,645 | €64,385 | -€260 | -0.4% |
| Total equity and liabilities | 10/49 | €116,793 | €104,739 | -€12,054 | -10.3% |
| Equity | 10/15 | €84,762 | €91,078 | +€6,316 | +7.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €6,197 | €6,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,591 | €22,907 | +€6,316 | +38.1% |
| Amounts payable | 17/49 | €32,031 | €13,661 | -€18,370 | -57.4% |
| Amounts payable within one year | 42/48 | €32,031 | €13,661 | -€18,370 | -57.4% |
| Trade debts | 44 | - | €257 | +€257 | |
| Suppliers | 440/4 | - | €257 | +€257 | |
| Other amounts payable | 47/48 | €32,031 | €13,404 | -€18,627 | -58.2% |
| Turnover | 70 | €24,652 | €19,762 | -€4,890 | -19.8% |
| Non-recurring operating income | 76A | €7,900 | €280 | -€7,620 | -96.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €12,335 | €10,069 | -€2,266 | -18.4% |
| Remuneration, social security and pensions | 62 | €348 | €384 | +€37 | +10.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,697 | €9,052 | -€645 | -6.6% |
| Other operating charges | 640/8 | €13,427 | €3,164 | -€10,262 | -76.4% |
| Gross operating margin | 9900 | €20,217 | €18,973 | -€1,244 | -6.2% |
| Operating profit (loss) | 9901 | -€3,254 | €6,372 | +€9,626 | |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €96 | €96 | -€0 | 0.0% |
| Recurring financial charges | 65 | €96 | €96 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,350 | €6,316 | +€9,665 | |
| Profit (loss) for the period | 9904 | -€3,350 | €6,316 | +€9,665 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,350 | €6,316 | +€9,665 |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.