F.G.& P.: 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
F.G.& P.
NACE 69.201, Certified accountants and tax accountants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€97,941
2024 · €641,066-€739,007
Equity
€7.3m
2024 · €7.4m-€115,134
Cash
€16,951
2024 · €75,986-€59,035
Balance sheet total
€22.6m
2024 · €17.0m+€5.6m
Largest movements
Assets
- Tangible fixed assets +€4.2m
up €4.2m (+28.5%), from €14.5m to €18.7m
of which Land and buildings: +€4.2m
- Stocks and contracts +€1.3m
up €1.3m (+1,649%), from €79,457 to €1.4m
- Receivables within one year +€229,807
up €229,807 (+66.9%), from €343,678 to €573,485
of which Other amounts receivable: +€215,256
Equity and liabilities
- Debts after one year +€5.3m
up €5.3m (+66.9%), from €8.0m to €13.3m
of which Other amounts payable: +€3.2m
- Current portion of long-term debt +€284,916
up €284,916 (+31.1%), from €916,089 to €1.2m
- Accrued charges and deferred income +€262,301
up €262,301 (+126%), from €208,330 to €470,631
Income statement
- Depreciation +€382,153
up €382,153 (+59.2%), from €646,054 to €1.0m
- Financial income -€321,825
down €321,825 (-76.0%), from €423,414 to €101,589
- Other operating charges +€176,968
up €176,968 (+304%), from €58,194 to €235,161
- Taxes -€72,188
down €72,188 (-73.2%), from €98,598 to €26,410
- Gross operating margin -€53,499
down €53,499 (-2.6%), from €2.1m to €2.0m
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
€641,066
Gross operating margin
-€53,499
Staff costs
-€1,038
Depreciation
-€382,153
Other operating charges
-€176,968
Financial income
-€321,825
Financial charges
-€4,003
Taxes
+€72,188
Deferred taxes and other
+€128,290
Result 2025
-€97,941
raises the resultlowers the resultnot broken down further in the accounts
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
-€472,754
Investment
-€5.2m
Financing
+€5.6m
Cash 2024
€75,986
From operations (derived)
-€472,754
Net result for the year
-€97,941
Depreciation
+€1.0m
Stocks and contracts
-€1.3m
Receivables within one year
-€229,807
Smaller working-capital items
+€3,361
Provisions
-€133,629
Trade debts
+€25,865
Tax, wage and social debts
-€20,624
Accrued charges and deferred income
+€262,301
Investment (derived)
-€5.2m
Investment in fixed assets (net)
-€5.2m
Financing
+€5.6m
Debts after one year
+€5.3m
Current portion of long-term debt
+€284,916
Contributions, distributions and other
-€17,193
Cash 2025
€16,951
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,014,125 | €22,648,202 | +€5.6m | +33.1% |
| Fixed assets | 21/28 | €16,496,639 | €20,650,199 | +€4.2m | +25.2% |
| Tangible fixed assets | 22/27 | €14,540,211 | €18,691,271 | +€4.2m | +28.5% |
| Land and buildings | 22 | €14,424,720 | €18,580,255 | +€4.2m | +28.8% |
| Furniture and vehicles | 24 | €115,490 | €111,016 | -€4,475 | -3.9% |
| Financial fixed assets | 28 | €1,956,428 | €1,958,928 | +€2,500 | +0.1% |
| Current assets | 29/58 | €517,486 | €1,998,004 | +€1.5m | +286% |
| Stocks and contracts in progress | 3 | €79,457 | €1,389,945 | +€1.3m | +1,649% |
| Stocks | 30/36 | €79,457 | €1,389,945 | +€1.3m | +1,649% |
| Amounts receivable within one year | 40/41 | €343,678 | €573,485 | +€229,807 | +66.9% |
| Trade receivables | 40 | €31,525 | €46,076 | +€14,551 | +46.2% |
| Other amounts receivable | 41 | €312,153 | €527,409 | +€215,256 | +69.0% |
| Cash at bank and in hand | 54/58 | €75,986 | €16,951 | -€59,035 | -77.7% |
| Deferred charges and accrued income | 490/1 | €18,365 | €17,622 | -€743 | -4.0% |
| Total equity and liabilities | 10/49 | €17,014,125 | €22,648,202 | +€5.6m | +33.1% |
| Equity | 10/15 | €7,377,228 | €7,262,093 | -€115,134 | -1.6% |
| Contributions | 10/11 | €4,091,117 | €4,091,117 | = | 0.0% |
| Reserves | 13 | €3,286,110 | €3,170,976 | -€115,134 | -3.5% |
| Tax-exempt reserves | 132 | €327,160 | €0 | -€327,160 | -100% |
| Distributable reserves | 133 | €2,958,950 | €3,170,976 | +€212,026 | +7.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €133,629 | €0 | -€133,629 | -100% |
| Deferred taxes | 168 | €133,629 | €0 | -€133,629 | -100% |
| Amounts payable | 17/49 | €9,503,269 | €15,386,109 | +€5.9m | +61.9% |
| Amounts payable after more than one year | 17 | €7,959,725 | €13,287,490 | +€5.3m | +66.9% |
| Financial debts | 170/4 | €7,959,725 | €10,054,490 | +€2.1m | +26.3% |
| Other amounts payable | 178/9 | - | €3,233,000 | +€3.2m | |
| Amounts payable within one year | 42/48 | €1,335,213 | €1,627,989 | +€292,775 | +21.9% |
| Current portion of amounts payable after more than one year | 42 | €916,089 | €1,201,004 | +€284,916 | +31.1% |
| Trade debts | 44 | €20,785 | €46,650 | +€25,865 | +124% |
| Suppliers | 440/4 | €20,785 | €46,650 | +€25,865 | +124% |
| Taxes, remuneration and social security | 45 | €102,267 | €81,643 | -€20,624 | -20.2% |
| Taxes | 450/3 | €29,145 | €23,095 | -€6,050 | -20.8% |
| Remuneration and social security | 454/9 | €73,122 | €58,549 | -€14,574 | -19.9% |
| Other amounts payable | 47/48 | €296,072 | €298,691 | +€2,619 | +0.9% |
| Accrued charges and deferred income | 492/3 | €208,330 | €470,631 | +€262,301 | +126% |
| Remuneration, social security and pensions | 62 | €675,939 | €676,977 | +€1,038 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €646,054 | €1,028,207 | +€382,153 | +59.2% |
| Other operating charges | 640/8 | €58,194 | €235,161 | +€176,968 | +304% |
| Gross operating margin | 9900 | €2,086,991 | €2,033,492 | -€53,499 | -2.6% |
| Operating profit (loss) | 9901 | €706,804 | €93,146 | -€613,658 | -86.8% |
| Financial income | 75/76B | €423,414 | €101,589 | -€321,825 | -76.0% |
| Recurring financial income | 75 | €423,414 | €101,589 | -€321,825 | -76.0% |
| Financial charges | 65/66B | €395,892 | €399,895 | +€4,003 | +1.0% |
| Recurring financial charges | 65 | €395,892 | €399,895 | +€4,003 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €734,326 | -€205,160 | -€939,486 | |
| Transfer from deferred taxes | 780 | €5,339 | €133,629 | +€128,290 | +2,403% |
| Income taxes | 67/77 | €98,598 | €26,410 | -€72,188 | -73.2% |
| Profit (loss) for the period | 9904 | €641,066 | -€97,941 | -€739,007 | |
| Transfer from tax-exempt reserves | 789 | €13,071 | €327,160 | +€314,090 | +2,403% |
| Profit (loss) for the period to be appropriated | 9905 | €654,137 | €229,219 | -€424,917 | -65.0% |
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 25 October 2026 via checked.be.