FAGOU: 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.
FAGOU
Largest movements
- Cash -€265,580
down €265,580 (-54.0%), from €492,111 to €226,531
mainly Trade debts (-€285,956) and Receivables within one year (-€47,008)
- Receivables within one year +€47,008
up €47,008 (+4.5%), from €1.0m to €1.1m
of which Trade receivables: +€57,410
- Trade debts -€285,956
down €285,956 (-31.7%), from €902,986 to €617,030
- Other debts +€54,932
up €54,932 (+17.3%), from €318,240 to €373,172
- Turnover +€1.5m
up €1.5m (+35.3%), from €4.3m to €5.8m
- Purchases and services +€1.3m
up €1.3m (+30.3%), from €4.3m to €5.5m
- Gross operating margin +€220,279
up €220,279 (+1148.3%), from €19,184 to €239,463
- Other operating charges +€164,623
up €164,623 (+12038.7%), from €1,367 to €165,990
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 | €1,544,376 | €1,327,656 | -€216,720 | -14.0% |
| Fixed assets | 21/28 | €3,814 | €5,450 | +€1,635 | +42.9% |
| Tangible fixed assets | 22/27 | €2,314 | €3,950 | +€1,635 | +70.7% |
| Furniture and vehicles | 24 | €2,314 | €3,950 | +€1,635 | +70.7% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €1,540,562 | €1,322,206 | -€218,356 | -14.2% |
| Amounts receivable within one year | 40/41 | €1,048,451 | €1,095,459 | +€47,008 | +4.5% |
| Trade receivables | 40 | €1,028,803 | €1,086,213 | +€57,410 | +5.6% |
| Other amounts receivable | 41 | €19,648 | €9,246 | -€10,402 | -52.9% |
| Cash at bank and in hand | 54/58 | €492,111 | €226,531 | -€265,580 | -54.0% |
| Deferred charges and accrued income | 490/1 | - | €216 | +€216 | |
| Total equity and liabilities | 10/49 | €1,544,376 | €1,327,656 | -€216,720 | -14.0% |
| Equity | 10/15 | €315,478 | €329,560 | +€14,082 | +4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €295,018 | €309,100 | +€14,082 | +4.8% |
| Amounts payable | 17/49 | €1,228,898 | €998,096 | -€230,802 | -18.8% |
| Amounts payable within one year | 42/48 | €1,228,898 | €998,096 | -€230,802 | -18.8% |
| Trade debts | 44 | €902,986 | €617,030 | -€285,956 | -31.7% |
| Suppliers | 440/4 | €902,986 | €617,030 | -€285,956 | -31.7% |
| Taxes, remuneration and social security | 45 | €7,672 | €7,894 | +€222 | +2.9% |
| Taxes | 450/3 | €0 | €0 | = | |
| Remuneration and social security | 454/9 | €7,672 | €7,894 | +€222 | +2.9% |
| Other amounts payable | 47/48 | €318,240 | €373,172 | +€54,932 | +17.3% |
| Turnover | 70 | €4,276,389 | €5,785,121 | +€1.5m | +35.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,257,474 | €5,547,400 | +€1.3m | +30.3% |
| Remuneration, social security and pensions | 62 | €61,643 | €50,247 | -€11,396 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,782 | €1,570 | -€213 | -11.9% |
| Other operating charges | 640/8 | €1,367 | €165,990 | +€164,623 | +12038.7% |
| Non-recurring operating charges | 66A | €147 | €53 | -€94 | -64.0% |
| Gross operating margin | 9900 | €19,184 | €239,463 | +€220,279 | +1148.3% |
| Operating profit (loss) | 9901 | -€45,756 | €21,603 | +€67,359 | |
| Financial charges | 65/66B | €1,548 | €7,522 | +€5,973 | +385.8% |
| Recurring financial charges | 65 | €1,548 | €7,522 | +€5,973 | +385.8% |
| Profit (loss) for the period before taxes | 9903 | -€47,304 | €14,082 | +€61,386 | |
| Income taxes | 67/77 | €0 | €0 | -€0 | -100.0% |
| Profit (loss) for the period | 9904 | -€47,305 | €14,082 | +€61,386 | |
| Profit (loss) for the period to be appropriated | 9905 | -€47,305 | €14,082 | +€61,386 |
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 6 October 2026 via checked.be.