FAGREMA: 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.
FAGREMA
Largest movements
- Receivables within one year -€3,181
down €3,181 (-18.5%), from €17,149 to €13,968
of which Trade receivables: -€3,181
- Tangible fixed assets -€2,308
down €2,308 (-38.7%), from €5,962 to €3,654
- Deferred charges and accrued income -€845
down €845 (-59.5%), from €1,420 to €575
- Cash +€626
up €626 (+803%), from €78 to €704
mainly Net result for the year (+€4,664) and Receivables within one year (+€3,181)
- Current portion of long-term debt -€8,092
no longer reported in 2025 (was €8,092)
- Profit (loss) carried forward +€4,664
up €4,664 (+7.0%), from -€66,972 to -€62,308
- Trade debts -€3,785
down €3,785 (-21.0%), from €18,031 to €14,246
of which Suppliers: -€4,118
- Tax, wage and social debts +€1,505
up €1,505 (+7.5%), from €20,156 to €21,661
of which Remuneration and social security: +€2,323
- Financial charges -€6,029
down €6,029 (-84.7%), from €7,115 to €1,086
- Depreciation +€1,346
up €1,346 (+140%), from €962 to €2,308
- Other operating charges -€1,343
down €1,343 (-30.4%), from €4,421 to €3,078
- Gross operating margin -€589
down €589 (-3.2%), from €18,193 to €17,604
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 | €24,729 | €19,021 | -€5,708 | -23.1% |
| Fixed assets | 21/28 | €6,082 | €3,774 | -€2,308 | -37.9% |
| Tangible fixed assets | 22/27 | €5,962 | €3,654 | -€2,308 | -38.7% |
| Furniture and vehicles | 24 | €5,962 | €3,654 | -€2,308 | -38.7% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €18,647 | €15,247 | -€3,400 | -18.2% |
| Amounts receivable within one year | 40/41 | €17,149 | €13,968 | -€3,181 | -18.5% |
| Trade receivables | 40 | €6,487 | €3,306 | -€3,181 | -49.0% |
| Other amounts receivable | 41 | €10,662 | €10,662 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €78 | €704 | +€626 | +803% |
| Deferred charges and accrued income | 490/1 | €1,420 | €575 | -€845 | -59.5% |
| Total equity and liabilities | 10/49 | €24,729 | €19,021 | -€5,708 | -23.1% |
| Equity | 10/15 | -€21,550 | -€16,886 | +€4,664 | +21.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €26,830 | €26,830 | = | 0.0% |
| Distributable reserves | 133 | €26,830 | €26,830 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,972 | -€62,308 | +€4,664 | +7.0% |
| Amounts payable | 17/49 | €46,279 | €35,907 | -€10,372 | -22.4% |
| Amounts payable within one year | 42/48 | €46,279 | €35,907 | -€10,372 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €8,092 | - | -€8,092 | |
| Trade debts | 44 | €18,031 | €14,246 | -€3,785 | -21.0% |
| Suppliers | 440/4 | €18,031 | €13,913 | -€4,118 | -22.8% |
| Bills of exchange payable | 441 | - | €333 | +€333 | |
| Taxes, remuneration and social security | 45 | €20,156 | €21,661 | +€1,505 | +7.5% |
| Taxes | 450/3 | €20,156 | €19,338 | -€818 | -4.1% |
| Remuneration and social security | 454/9 | - | €2,323 | +€2,323 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €962 | €2,308 | +€1,346 | +140% |
| Other operating charges | 640/8 | €4,421 | €3,078 | -€1,343 | -30.4% |
| Gross operating margin | 9900 | €18,193 | €17,604 | -€589 | -3.2% |
| Operating profit (loss) | 9901 | €12,810 | €12,218 | -€592 | -4.6% |
| Financial charges | 65/66B | €7,115 | €1,086 | -€6,029 | -84.7% |
| Recurring financial charges | 65 | €7,115 | €1,086 | -€6,029 | -84.7% |
| Profit (loss) for the period before taxes | 9903 | €5,695 | €11,132 | +€5,437 | +95.5% |
| Income taxes | 67/77 | €6,428 | €6,468 | +€40 | +0.6% |
| Profit (loss) for the period | 9904 | -€733 | €4,664 | +€5,397 | |
| Profit (loss) for the period to be appropriated | 9905 | -€733 | €4,664 | +€5,397 |
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 21 October 2026 via checked.be.