FAGO: 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.
FAGO
Largest movements
- Tangible fixed assets -€3,823
down €3,823 (-6.8%), from €56,362 to €52,540
- Receivables within one year +€1,373
up €1,373 (+7.5%), from €18,202 to €19,575
- Profit (loss) carried forward -€2,450
down €2,450 (-15.7%), from -€15,615 to -€18,065
- Other operating charges -€1,120
down €1,120 (-27.4%), from €4,092 to €2,972
- Gross operating margin -€990
down €990 (-18.6%), from €5,335 to €4,345
- Depreciation -€699
down €699 (-15.5%), from €4,522 to €3,823
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,565 | €72,115 | -€2,450 | -3.3% |
| Fixed assets | 21/28 | €56,362 | €52,540 | -€3,823 | -6.8% |
| Tangible fixed assets | 22/27 | €56,362 | €52,540 | -€3,823 | -6.8% |
| Land and buildings | 22 | €56,362 | €52,540 | -€3,823 | -6.8% |
| Current assets | 29/58 | €18,202 | €19,575 | +€1,373 | +7.5% |
| Amounts receivable within one year | 40/41 | €18,202 | €19,575 | +€1,373 | +7.5% |
| Other amounts receivable | 41 | €18,202 | €19,575 | +€1,373 | +7.5% |
| Total equity and liabilities | 10/49 | €74,565 | €72,115 | -€2,450 | -3.3% |
| Equity | 10/15 | €74,565 | €72,115 | -€2,450 | -3.3% |
| Contributions | 10/11 | €82,000 | €82,000 | = | 0.0% |
| Capital | 10 | €82,000 | €82,000 | = | 0.0% |
| Issued capital | 100 | €82,000 | €82,000 | = | 0.0% |
| Reserves | 13 | €8,180 | €8,180 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,180 | €8,180 | = | 0.0% |
| Legal reserve | 130 | €8,180 | €8,180 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,615 | -€18,065 | -€2,450 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,522 | €3,823 | -€699 | -15.5% |
| Other operating charges | 640/8 | €4,092 | €2,972 | -€1,120 | -27.4% |
| Gross operating margin | 9900 | €5,335 | €4,345 | -€990 | -18.6% |
| Operating profit (loss) | 9901 | -€3,279 | -€2,450 | +€830 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,279 | -€2,450 | +€830 | +25.3% |
| Profit (loss) for the period | 9904 | -€3,279 | -€2,450 | +€830 | +25.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,279 | -€2,450 | +€830 | +25.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.