FAGIMAX: what changed
Two fiscal 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.
FAGIMAX
Largest movements
- Cash -€11,704
down €11,704 (-32.8%), from €35,635 to €23,931
mainly Investment in fixed assets (net) (-€29,513) and Other debts (-€15,047)
- Other debts -€15,047
down €15,047 (-7.8%), from €194,039 to €178,993
- Debts after one year -€8,120
down €8,120 (-2.3%), from €346,531 to €338,411
- Depreciation -€8,576
down €8,576 (-19.5%), from €43,922 to €35,346
- Gross operating margin -€3,924
down €3,924 (-6.0%), from €65,630 to €61,706
- Other operating charges -€1,638
down €1,638 (-23.9%), from €6,848 to €5,210
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.
Cash bridge derived
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 | €768,418 | €751,955 | -€16,463 | -2.1% |
| Fixed assets | 21/28 | €732,783 | €726,949 | -€5,834 | -0.8% |
| Tangible fixed assets | 22/27 | €732,783 | €726,949 | -€5,834 | -0.8% |
| Land and buildings | 22 | €729,045 | €724,909 | -€4,136 | -0.6% |
| Plant, machinery and equipment | 23 | €3,738 | €2,040 | -€1,698 | -45.4% |
| Current assets | 29/58 | €35,635 | €25,006 | -€10,629 | -29.8% |
| Cash at bank and in hand | 54/58 | €35,635 | €23,931 | -€11,704 | -32.8% |
| Deferred charges and accrued income | 490/1 | - | €1,074 | +€1,074 | |
| Total equity and liabilities | 10/49 | €768,418 | €751,955 | -€16,463 | -2.1% |
| Equity | 10/15 | €219,654 | €220,152 | +€499 | +0.2% |
| Contributions | 10/11 | €334,300 | €334,300 | = | 0.0% |
| Outside capital | 11 | €334,300 | €334,300 | = | 0.0% |
| Other | 1109/19 | €334,300 | €334,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,646 | -€114,148 | +€499 | +0.4% |
| Amounts payable | 17/49 | €548,765 | €531,803 | -€16,962 | -3.1% |
| Amounts payable after more than one year | 17 | €346,531 | €338,411 | -€8,120 | -2.3% |
| Financial debts | 170/4 | €346,531 | €338,411 | -€8,120 | -2.3% |
| Amounts payable within one year | 42/48 | €202,234 | €193,392 | -€8,842 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | €8,110 | +€110 | +1.4% |
| Trade debts | 44 | €194 | €6,289 | +€6,094 | +3135.9% |
| Suppliers | 440/4 | €194 | €6,289 | +€6,094 | +3135.9% |
| Other amounts payable | 47/48 | €194,039 | €178,993 | -€15,047 | -7.8% |
| Non-recurring operating income | 76A | €10,506 | - | -€10,506 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,922 | €35,346 | -€8,576 | -19.5% |
| Other operating charges | 640/8 | €6,848 | €5,210 | -€1,638 | -23.9% |
| Gross operating margin | 9900 | €65,630 | €61,706 | -€3,924 | -6.0% |
| Operating profit (loss) | 9901 | €14,860 | €21,150 | +€6,289 | +42.3% |
| Financial charges | 65/66B | €20,692 | €20,651 | -€41 | -0.2% |
| Recurring financial charges | 65 | €20,692 | €20,651 | -€41 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,831 | €499 | +€6,330 | |
| Profit (loss) for the period | 9904 | -€5,831 | €499 | +€6,330 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,831 | €499 | +€6,330 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.