F.G.V. IMMO: 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.V. IMMO
Largest movements
- Deferred charges and accrued income -€15,890
down €15,890 (-29.9%), from €53,160 to €37,270
- Cash +€9,564
up €9,564 (+511%), from €1,872 to €11,436
mainly Deferred charges and accrued income (+€15,890) and Net result for the year (+€3,538)
- Receivables within one year +€4,196
up €4,196 (+19.8%), from €21,227 to €25,423
- Trade debts -€5,064
down €5,064 (-43.6%), from €11,607 to €6,543
- Profit (loss) carried forward +€3,538
up €3,538 (+10.5%), from -€33,665 to -€30,127
- Gross operating margin -€10,634
down €10,634 (-46.8%), from €22,727 to €12,094
- Financial charges +€1,390
up €1,390 (+859%), from €162 to €1,552
- Taxes +€402
new in 2025: €402
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 | €168,710 | €165,530 | -€3,180 | -1.9% |
| Fixed assets | 21/28 | €92,451 | €91,401 | -€1,050 | -1.1% |
| Tangible fixed assets | 22/27 | €92,196 | €91,146 | -€1,050 | -1.1% |
| Land and buildings | 22 | €92,196 | €91,146 | -€1,050 | -1.1% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €76,259 | €74,129 | -€2,130 | -2.8% |
| Amounts receivable within one year | 40/41 | €21,227 | €25,423 | +€4,196 | +19.8% |
| Other amounts receivable | 41 | €21,227 | €25,423 | +€4,196 | +19.8% |
| Cash at bank and in hand | 54/58 | €1,872 | €11,436 | +€9,564 | +511% |
| Deferred charges and accrued income | 490/1 | €53,160 | €37,270 | -€15,890 | -29.9% |
| Total equity and liabilities | 10/49 | €168,710 | €165,530 | -€3,180 | -1.9% |
| Equity | 10/15 | -€14,705 | -€11,167 | +€3,538 | +24.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €360 | €360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €360 | €360 | = | 0.0% |
| Legal reserve | 130 | €360 | €360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,665 | -€30,127 | +€3,538 | +10.5% |
| Amounts payable | 17/49 | €183,415 | €176,698 | -€6,718 | -3.7% |
| Amounts payable within one year | 42/48 | €174,815 | €169,751 | -€5,064 | -2.9% |
| Trade debts | 44 | €11,607 | €6,543 | -€5,064 | -43.6% |
| Suppliers | 440/4 | €11,607 | €6,543 | -€5,064 | -43.6% |
| Other amounts payable | 47/48 | €163,208 | €163,208 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,600 | €6,946 | -€1,654 | -19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,050 | €1,050 | = | 0.0% |
| Other operating charges | 640/8 | €5,488 | €5,643 | +€155 | +2.8% |
| Gross operating margin | 9900 | €22,727 | €12,094 | -€10,634 | -46.8% |
| Operating profit (loss) | 9901 | €16,190 | €5,401 | -€10,789 | -66.6% |
| Financial income | 75/76B | - | €91 | +€91 | |
| Recurring financial income | 75 | - | €91 | +€91 | |
| Financial charges | 65/66B | €162 | €1,552 | +€1,390 | +859% |
| Recurring financial charges | 65 | €162 | €1,552 | +€1,390 | +859% |
| Profit (loss) for the period before taxes | 9903 | €16,028 | €3,940 | -€12,088 | -75.4% |
| Income taxes | 67/77 | - | €402 | +€402 | |
| Profit (loss) for the period | 9904 | €16,028 | €3,538 | -€12,490 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,028 | €3,538 | -€12,490 | -77.9% |
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 17 October 2026 via checked.be.