FAGOT: 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.
FAGOT
Largest movements
- Tangible fixed assets +€365,720
up €365,720 (+106.3%), from €344,022 to €709,743
of which Land and buildings: +€366,004
- Cash +€29,530
up €29,530 (+72.9%), from €40,487 to €70,017
mainly Debts after one year (+€418,113) and Depreciation (+€81,692)
- Receivables within one year -€28,859
down €28,859 (-29.6%), from €97,554 to €68,695
of which Other amounts receivable: -€34,843
- Deferred charges and accrued income +€13,814
up €13,814 (+26.1%), from €52,927 to €66,741
- Debts after one year +€418,113
up €418,113, from €0 to €418,113
of which Financial debts: +€418,113
- Other debts -€63,754
down €63,754 (-29.6%), from €215,408 to €151,654
- Current portion of long-term debt +€22,887
up €22,887, from €0 to €22,887
- Financial income -€100,609
down €100,609 (-100.0%), from €100,643 to €34
- Gross operating margin +€41,124
up €41,124 (+71.7%), from €57,385 to €98,509
- Depreciation +€39,486
up €39,486 (+93.6%), from €42,207 to €81,692
- Taxes -€10,222
down €10,222 (-81.9%), from €12,488 to €2,266
- Other operating charges -€2,845
down €2,845 (-27.9%), from €10,209 to €7,364
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 | €577,465 | €957,671 | +€380,205 | +65.8% |
| Fixed assets | 21/28 | €361,498 | €727,218 | +€365,720 | +101.2% |
| Tangible fixed assets | 22/27 | €344,022 | €709,743 | +€365,720 | +106.3% |
| Land and buildings | 22 | €343,285 | €709,289 | +€366,004 | +106.6% |
| Plant, machinery and equipment | 23 | €189 | €110 | -€79 | -41.9% |
| Furniture and vehicles | 24 | €549 | €344 | -€205 | -37.3% |
| Financial fixed assets | 28 | €17,476 | €17,476 | = | 0.0% |
| Current assets | 29/58 | €215,967 | €230,452 | +€14,485 | +6.7% |
| Amounts receivable within one year | 40/41 | €97,554 | €68,695 | -€28,859 | -29.6% |
| Trade receivables | 40 | €23,045 | €29,029 | +€5,984 | +26.0% |
| Other amounts receivable | 41 | €74,509 | €39,666 | -€34,843 | -46.8% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €40,487 | €70,017 | +€29,530 | +72.9% |
| Deferred charges and accrued income | 490/1 | €52,927 | €66,741 | +€13,814 | +26.1% |
| Total equity and liabilities | 10/49 | €577,465 | €957,671 | +€380,205 | +65.8% |
| Equity | 10/15 | €334,330 | €340,465 | +€6,135 | +1.8% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €135,576 | €135,576 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €125,576 | €125,576 | = | 0.0% |
| Profit (loss) carried forward | 14 | €148,754 | €154,889 | +€6,135 | +4.1% |
| Amounts payable | 17/49 | €243,136 | €617,206 | +€374,070 | +153.9% |
| Amounts payable after more than one year | 17 | €0 | €418,113 | +€418,113 | |
| Financial debts | 170/4 | - | €418,113 | +€418,113 | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €238,341 | €194,298 | -€44,043 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €22,887 | +€22,887 | |
| Trade debts | 44 | €12,480 | €12,707 | +€227 | +1.8% |
| Suppliers | 440/4 | €12,480 | €12,707 | +€227 | +1.8% |
| Taxes, remuneration and social security | 45 | €10,453 | €7,051 | -€3,402 | -32.5% |
| Taxes | 450/3 | €10,453 | €7,051 | -€3,402 | -32.5% |
| Other amounts payable | 47/48 | €215,408 | €151,654 | -€63,754 | -29.6% |
| Accrued charges and deferred income | 492/3 | €4,795 | €4,795 | = | 0.0% |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,207 | €81,692 | +€39,486 | +93.6% |
| Other operating charges | 640/8 | €10,209 | €7,364 | -€2,845 | -27.9% |
| Gross operating margin | 9900 | €57,385 | €98,509 | +€41,124 | +71.7% |
| Operating profit (loss) | 9901 | €4,969 | €9,453 | +€4,483 | +90.2% |
| Financial income | 75/76B | €100,643 | €34 | -€100,609 | -100.0% |
| Recurring financial income | 75 | €100,643 | €34 | -€100,609 | -100.0% |
| Financial charges | 65/66B | €3,370 | €1,086 | -€2,284 | -67.8% |
| Recurring financial charges | 65 | €3,370 | €1,086 | -€2,284 | -67.8% |
| Profit (loss) for the period before taxes | 9903 | €102,242 | €8,401 | -€93,842 | -91.8% |
| Income taxes | 67/77 | €12,488 | €2,266 | -€10,222 | -81.9% |
| Profit (loss) for the period | 9904 | €89,755 | €6,135 | -€83,620 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €89,755 | €6,135 | -€83,620 | -93.2% |
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 11 October 2026 via checked.be.