FASGENT: 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.
FASGENT
Largest movements
- Stocks and contracts -€58,389
down €58,389 (-6.1%), from €964,622 to €906,233
- Receivables within one year +€13,074
up €13,074 (+56.9%), from €22,982 to €36,057
of which Other amounts receivable: +€21,356
- Tangible fixed assets -€13,064
down €13,064 (-24.4%), from €53,501 to €40,437
of which Other tangible fixed assets: -€6,863
- Profit (loss) carried forward -€20,511
down €20,511 (-2.9%), from €695,413 to €674,902
- Trade debts -€14,925
down €14,925 (-9.5%), from €156,705 to €141,780
- Other debts -€13,727
no longer reported in 2025 (was €13,727)
- Gross operating margin -€73,453
down €73,453 (-18.5%), from €396,068 to €322,615
- Taxes -€11,666
down €11,666 (-100.0%), from €11,666 to €0
- Other operating charges -€9,938
down €9,938 (-40.6%), from €24,479 to €14,541
- Staff costs +€5,466
up €5,466 (+1.7%), from €326,087 to €331,552
- Depreciation -€5,441
down €5,441 (-26.8%), from €20,271 to €14,830
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 | €1,079,860 | €1,025,544 | -€54,316 | -5.0% |
| Fixed assets | 21/28 | €53,501 | €40,437 | -€13,064 | -24.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €53,501 | €40,437 | -€13,064 | -24.4% |
| Plant, machinery and equipment | 23 | €9,356 | €4,733 | -€4,622 | -49.4% |
| Furniture and vehicles | 24 | €5,568 | €3,989 | -€1,579 | -28.4% |
| Other tangible fixed assets | 26 | €38,577 | €31,714 | -€6,863 | -17.8% |
| Current assets | 29/58 | €1,026,359 | €985,107 | -€41,252 | -4.0% |
| Stocks and contracts in progress | 3 | €964,622 | €906,233 | -€58,389 | -6.1% |
| Stocks | 30/36 | €964,622 | €906,233 | -€58,389 | -6.1% |
| Amounts receivable within one year | 40/41 | €22,982 | €36,057 | +€13,074 | +56.9% |
| Trade receivables | 40 | €15,632 | €7,349 | -€8,282 | -53.0% |
| Other amounts receivable | 41 | €7,351 | €28,707 | +€21,356 | +290.5% |
| Cash at bank and in hand | 54/58 | €35,154 | €35,048 | -€106 | -0.3% |
| Deferred charges and accrued income | 490/1 | €3,601 | €7,771 | +€4,170 | +115.8% |
| Total equity and liabilities | 10/49 | €1,079,860 | €1,025,544 | -€54,316 | -5.0% |
| Equity | 10/15 | €831,754 | €811,243 | -€20,511 | -2.5% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €12,395 | €12,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €695,413 | €674,902 | -€20,511 | -2.9% |
| Amounts payable | 17/49 | €248,105 | €214,301 | -€33,805 | -13.6% |
| Amounts payable within one year | 42/48 | €239,789 | €206,326 | -€33,463 | -14.0% |
| Trade debts | 44 | €156,705 | €141,780 | -€14,925 | -9.5% |
| Suppliers | 440/4 | €156,705 | €141,780 | -€14,925 | -9.5% |
| Advances received on contracts in progress | 46 | €9,978 | €2,854 | -€7,124 | -71.4% |
| Taxes, remuneration and social security | 45 | €59,379 | €61,692 | +€2,313 | +3.9% |
| Taxes | 450/3 | €6,709 | €8,648 | +€1,938 | +28.9% |
| Remuneration and social security | 454/9 | €52,670 | €53,045 | +€375 | +0.7% |
| Other amounts payable | 47/48 | €13,727 | - | -€13,727 | |
| Accrued charges and deferred income | 492/3 | €8,316 | €7,974 | -€342 | -4.1% |
| Remuneration, social security and pensions | 62 | €326,087 | €331,552 | +€5,466 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,271 | €14,830 | -€5,441 | -26.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,803 | €2,043 | +€240 | +13.3% |
| Other operating charges | 640/8 | €24,479 | €14,541 | -€9,938 | -40.6% |
| Gross operating margin | 9900 | €396,068 | €322,615 | -€73,453 | -18.5% |
| Operating profit (loss) | 9901 | €23,429 | -€40,352 | -€63,780 | |
| Financial income | 75/76B | €27,098 | €25,164 | -€1,934 | -7.1% |
| Recurring financial income | 75 | €27,098 | €25,164 | -€1,934 | -7.1% |
| Financial charges | 65/66B | €8,548 | €5,324 | -€3,225 | -37.7% |
| Recurring financial charges | 65 | €8,548 | €5,324 | -€3,225 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €41,978 | -€20,511 | -€62,489 | |
| Income taxes | 67/77 | €11,666 | €0 | -€11,666 | -100.0% |
| Profit (loss) for the period | 9904 | €30,312 | -€20,511 | -€50,824 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,312 | -€20,511 | -€50,824 |
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 9 October 2026 via checked.be.