FCG: 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.
FCG
Largest movements
- Receivables within one year -€87,067
down €87,067 (-19.9%), from €437,468 to €350,402
of which Other amounts receivable: -€59,294
- Deferred charges and accrued income +€28,701
up €28,701 (+133%), from €21,588 to €50,288
- Cash +€22,191
up €22,191 (+11.6%), from €190,826 to €213,017
mainly Net result for the year (+€88,499) and Receivables within one year (+€87,067)
- Stocks and contracts -€11,332
down €11,332 (-11.8%), from €96,401 to €85,069
- Trade debts -€49,502
down €49,502 (-19.0%), from €260,058 to €210,556
- Reserves +€48,499
up €48,499 (+11.6%), from €419,617 to €468,117
of which Distributable reserves: +€48,499
- Other debts -€39,337
down €39,337 (-47.3%), from €83,138 to €43,801
- Tax, wage and social debts -€12,549
down €12,549 (-40.8%), from €30,747 to €18,198
of which Taxes: -€13,052
- Gross operating margin -€80,743
down €80,743 (-23.4%), from €344,530 to €263,786
- Staff costs -€18,918
down €18,918 (-13.3%), from €141,994 to €123,076
- Depreciation -€7,031
down €7,031 (-19.1%), from €36,874 to €29,843
- Taxes -€3,684
down €3,684 (-17.8%), from €20,700 to €17,016
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 | €799,760 | €746,872 | -€52,888 | -6.6% |
| Fixed assets | 21/28 | €53,477 | €48,095 | -€5,382 | -10.1% |
| Intangible fixed assets | 21 | €5,062 | €198 | -€4,863 | -96.1% |
| Tangible fixed assets | 22/27 | €47,616 | €47,097 | -€519 | -1.1% |
| Land and buildings | 22 | €22,919 | €16,379 | -€6,540 | -28.5% |
| Plant, machinery and equipment | 23 | €6,160 | €2,924 | -€3,235 | -52.5% |
| Furniture and vehicles | 24 | €18,537 | €27,794 | +€9,256 | +49.9% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €746,283 | €698,777 | -€47,506 | -6.4% |
| Stocks and contracts in progress | 3 | €96,401 | €85,069 | -€11,332 | -11.8% |
| Stocks | 30/36 | €96,401 | €85,069 | -€11,332 | -11.8% |
| Amounts receivable within one year | 40/41 | €437,468 | €350,402 | -€87,067 | -19.9% |
| Trade receivables | 40 | €188,770 | €160,998 | -€27,773 | -14.7% |
| Other amounts receivable | 41 | €248,698 | €189,404 | -€59,294 | -23.8% |
| Cash at bank and in hand | 54/58 | €190,826 | €213,017 | +€22,191 | +11.6% |
| Deferred charges and accrued income | 490/1 | €21,588 | €50,288 | +€28,701 | +133% |
| Total equity and liabilities | 10/49 | €799,760 | €746,872 | -€52,888 | -6.6% |
| Equity | 10/15 | €425,817 | €474,317 | +€48,499 | +11.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €419,617 | €468,117 | +€48,499 | +11.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €87,167 | €87,167 | = | 0.0% |
| Distributable reserves | 133 | €332,451 | €380,950 | +€48,499 | +14.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €373,943 | €272,555 | -€101,388 | -27.1% |
| Amounts payable within one year | 42/48 | €373,943 | €272,555 | -€101,388 | -27.1% |
| Trade debts | 44 | €260,058 | €210,556 | -€49,502 | -19.0% |
| Suppliers | 440/4 | €260,058 | €210,556 | -€49,502 | -19.0% |
| Taxes, remuneration and social security | 45 | €30,747 | €18,198 | -€12,549 | -40.8% |
| Taxes | 450/3 | €17,751 | €4,700 | -€13,052 | -73.5% |
| Remuneration and social security | 454/9 | €12,996 | €13,498 | +€503 | +3.9% |
| Other amounts payable | 47/48 | €83,138 | €43,801 | -€39,337 | -47.3% |
| Non-recurring operating income | 76A | €6,000 | €0 | -€6,000 | -100% |
| Remuneration, social security and pensions | 62 | €141,994 | €123,076 | -€18,918 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,874 | €29,843 | -€7,031 | -19.1% |
| Other operating charges | 640/8 | €9,226 | €8,633 | -€594 | -6.4% |
| Gross operating margin | 9900 | €344,530 | €263,786 | -€80,743 | -23.4% |
| Operating profit (loss) | 9901 | €156,435 | €102,234 | -€54,201 | -34.6% |
| Financial income | 75/76B | €3,227 | €5,554 | +€2,327 | +72.1% |
| Recurring financial income | 75 | €3,227 | €5,554 | +€2,327 | +72.1% |
| Financial charges | 65/66B | €2,268 | €2,273 | +€5 | +0.2% |
| Recurring financial charges | 65 | €2,268 | €2,273 | +€5 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €157,394 | €105,515 | -€51,879 | -33.0% |
| Income taxes | 67/77 | €20,700 | €17,016 | -€3,684 | -17.8% |
| Profit (loss) for the period | 9904 | €136,694 | €88,499 | -€48,195 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €136,694 | €88,499 | -€48,195 | -35.3% |
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 19 October 2026 via checked.be.