FAGIUS: 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.
FAGIUS
Largest movements
- Tangible fixed assets +€2.6m
new in 2025: €2.6m
of which Land and buildings: +€2.6m
- Stocks and contracts -€2.6m
no longer reported in 2025 (was €2.6m)
- Cash +€96,996
up €96,996 (+1,022%), from €9,489 to €106,485
mainly Stocks and contracts (+€2.6m) and Debts after one year (+€1.7m)
- Debts after one year +€1.7m
new in 2025: €1.7m
- Other debts -€1.5m
down €1.5m (-82.4%), from €1.8m to €315,093
- Profit (loss) carried forward -€107,956
down €107,956 (-30.8%), from -€350,059 to -€458,015
- Current portion of long-term debt +€68,062
new in 2025: €68,062
- Trade debts -€53,686
down €53,686 (-81.4%), from €65,956 to €12,270
- Financial charges -€47,689
down €47,689 (-35.6%), from €133,971 to €86,282
- Gross operating margin +€16,993
up €16,993 (+63.0%), from -€26,956 to -€9,963
- Other operating charges +€11,504
up €11,504 (+5,556%), from €207 to €11,711
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 | €2,569,724 | €2,702,484 | +€132,760 | +5.2% |
| Fixed assets | 21/28 | - | €2,593,917 | +€2.6m | |
| Tangible fixed assets | 22/27 | - | €2,593,917 | +€2.6m | |
| Land and buildings | 22 | - | €2,550,357 | +€2.6m | |
| Assets under construction and advance payments | 27 | - | €43,560 | +€43,560 | |
| Current assets | 29/58 | €2,569,724 | €108,567 | -€2.5m | -95.8% |
| Stocks and contracts in progress | 3 | €2,550,357 | - | -€2.6m | |
| Stocks | 30/36 | €2,550,357 | - | -€2.6m | |
| Amounts receivable within one year | 40/41 | €9,877 | - | -€9,877 | |
| Other amounts receivable | 41 | €9,877 | - | -€9,877 | |
| Cash at bank and in hand | 54/58 | €9,489 | €106,485 | +€96,996 | +1,022% |
| Deferred charges and accrued income | 490/1 | - | €2,082 | +€2,082 | |
| Total equity and liabilities | 10/49 | €2,569,724 | €2,702,484 | +€132,760 | +5.2% |
| Equity | 10/15 | €716,291 | €608,335 | -€107,956 | -15.1% |
| Contributions | 10/11 | €1,061,500 | €1,061,500 | = | 0.0% |
| Capital | 10 | €1,061,500 | €1,061,500 | = | 0.0% |
| Issued capital | 100 | €1,061,500 | €1,061,500 | = | 0.0% |
| Reserves | 13 | €4,850 | €4,850 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,850 | €4,850 | = | 0.0% |
| Legal reserve | 130 | €4,850 | €4,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€350,059 | -€458,015 | -€107,956 | -30.8% |
| Amounts payable | 17/49 | €1,853,432 | €2,094,149 | +€240,717 | +13.0% |
| Amounts payable after more than one year | 17 | - | €1,698,724 | +€1.7m | |
| Financial debts | 170/4 | - | €1,698,724 | +€1.7m | |
| Amounts payable within one year | 42/48 | €1,853,432 | €395,425 | -€1.5m | -78.7% |
| Current portion of amounts payable after more than one year | 42 | - | €68,062 | +€68,062 | |
| Trade debts | 44 | €65,956 | €12,270 | -€53,686 | -81.4% |
| Suppliers | 440/4 | €65,956 | €12,270 | -€53,686 | -81.4% |
| Other amounts payable | 47/48 | €1,787,476 | €315,093 | -€1.5m | -82.4% |
| Other operating charges | 640/8 | €207 | €11,711 | +€11,504 | +5,556% |
| Gross operating margin | 9900 | -€26,956 | -€9,963 | +€16,993 | +63.0% |
| Operating profit (loss) | 9901 | -€27,163 | -€21,674 | +€5,489 | +20.2% |
| Financial charges | 65/66B | €133,971 | €86,282 | -€47,689 | -35.6% |
| Recurring financial charges | 65 | €133,971 | €86,282 | -€47,689 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | -€161,134 | -€107,956 | +€53,178 | +33.0% |
| Profit (loss) for the period | 9904 | -€161,134 | -€107,956 | +€53,178 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€161,134 | -€107,956 | +€53,178 | +33.0% |
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 19 October 2026 via checked.be.