FCL HOLDING: 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.
FCL HOLDING
Largest movements
- Cash +€2.8m
up €2.8m (+967%), from €288,246 to €3.1m
mainly Current investments (+€1.3m) and Net result for the year (+€1.1m)
- Current investments -€1.3m
down €1.3m (-18.5%), from €6.9m to €5.6m
- Receivables within one year -€160,326
down €160,326 (-76.5%), from €209,672 to €49,346
of which Other amounts receivable: -€144,497
- Reserves +€1.1m
up €1.1m (+14.9%), from €7.3m to €8.4m
of which Distributable reserves: +€1.1m
- Tax, wage and social debts +€288,081
up €288,081 (+827%), from €34,852 to €322,933
of which Taxes: +€286,531
- Financial income +€1.6m
up €1.6m (+503%), from €319,615 to €1.9m
- Taxes +€370,769
up €370,769 (+8,057%), from €4,602 to €375,371
- Gross operating margin -€49,691
down €49,691 (-25.0%), from €198,627 to €148,935
- Depreciation +€47,866
up €47,866 (+14.3%), from €334,112 to €381,977
- Staff costs +€9,093
up €9,093 (+5.4%), from €169,211 to €178,304
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,193,206 | €11,472,386 | +€1.3m | +12.5% |
| Fixed assets | 21/28 | €2,804,176 | €2,730,269 | -€73,907 | -2.6% |
| Intangible fixed assets | 21 | €779,346 | €783,867 | +€4,521 | +0.6% |
| Tangible fixed assets | 22/27 | €1,971,550 | €1,893,123 | -€78,427 | -4.0% |
| Land and buildings | 22 | €1,786,573 | €1,684,898 | -€101,675 | -5.7% |
| Plant, machinery and equipment | 23 | €136,536 | €171,919 | +€35,383 | +25.9% |
| Furniture and vehicles | 24 | €48,440 | €36,305 | -€12,135 | -25.1% |
| Financial fixed assets | 28 | €53,280 | €53,280 | = | 0.0% |
| Current assets | 29/58 | €7,389,030 | €8,742,116 | +€1.4m | +18.3% |
| Amounts receivable within one year | 40/41 | €209,672 | €49,346 | -€160,326 | -76.5% |
| Trade receivables | 40 | €17,587 | €1,758 | -€15,829 | -90.0% |
| Other amounts receivable | 41 | €192,085 | €47,588 | -€144,497 | -75.2% |
| Current investments | 50/53 | €6,888,656 | €5,611,237 | -€1.3m | -18.5% |
| Cash at bank and in hand | 54/58 | €288,246 | €3,076,545 | +€2.8m | +967% |
| Deferred charges and accrued income | 490/1 | €2,456 | €4,988 | +€2,532 | +103% |
| Total equity and liabilities | 10/49 | €10,193,206 | €11,472,386 | +€1.3m | +12.5% |
| Equity | 10/15 | €9,835,965 | €10,922,321 | +€1.1m | +11.0% |
| Contributions | 10/11 | €2,544,100 | €2,544,100 | = | 0.0% |
| Capital | 10 | €2,544,100 | €2,544,100 | = | 0.0% |
| Issued capital | 100 | €2,544,100 | €2,544,100 | = | 0.0% |
| Reserves | 13 | €7,291,865 | €8,378,221 | +€1.1m | +14.9% |
| Non-distributable reserves | 130/1 | €254,410 | €254,410 | = | 0.0% |
| Legal reserve | 130 | €254,410 | €254,410 | = | 0.0% |
| Tax-exempt reserves | 132 | €21,774 | €21,774 | = | 0.0% |
| Distributable reserves | 133 | €7,015,681 | €8,102,037 | +€1.1m | +15.5% |
| Amounts payable | 17/49 | €357,241 | €550,064 | +€192,824 | +54.0% |
| Amounts payable after more than one year | 17 | €191,376 | €107,678 | -€83,698 | -43.7% |
| Financial debts | 170/4 | €182,816 | €99,118 | -€83,698 | -45.8% |
| Other amounts payable | 178/9 | €8,560 | €8,560 | = | 0.0% |
| Amounts payable within one year | 42/48 | €165,552 | €442,168 | +€276,616 | +167% |
| Current portion of amounts payable after more than one year | 42 | €89,380 | €90,621 | +€1,241 | +1.4% |
| Trade debts | 44 | €25,146 | €11,300 | -€13,846 | -55.1% |
| Suppliers | 440/4 | €25,146 | €11,300 | -€13,846 | -55.1% |
| Taxes, remuneration and social security | 45 | €34,852 | €322,933 | +€288,081 | +827% |
| Taxes | 450/3 | €6,426 | €292,957 | +€286,531 | +4,459% |
| Remuneration and social security | 454/9 | €28,426 | €29,976 | +€1,550 | +5.5% |
| Other amounts payable | 47/48 | €16,174 | €17,314 | +€1,140 | +7.0% |
| Accrued charges and deferred income | 492/3 | €313 | €218 | -€95 | -30.3% |
| Non-recurring operating income | 76A | €92,235 | - | -€92,235 | |
| Remuneration, social security and pensions | 62 | €169,211 | €178,304 | +€9,093 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €334,112 | €381,977 | +€47,866 | +14.3% |
| Other operating charges | 640/8 | €22,002 | €22,312 | +€310 | +1.4% |
| Gross operating margin | 9900 | €198,627 | €148,935 | -€49,691 | -25.0% |
| Operating profit (loss) | 9901 | -€326,698 | -€433,658 | -€106,960 | -32.7% |
| Financial income | 75/76B | €319,615 | €1,926,951 | +€1.6m | +503% |
| Recurring financial income | 75 | €319,615 | €1,926,951 | +€1.6m | +503% |
| Financial charges | 65/66B | €6,141 | €14,252 | +€8,111 | +132% |
| Recurring financial charges | 65 | €6,141 | €14,252 | +€8,111 | +132% |
| Profit (loss) for the period before taxes | 9903 | -€13,224 | €1,479,041 | +€1.5m | |
| Income taxes | 67/77 | €4,602 | €375,371 | +€370,769 | +8,057% |
| Profit (loss) for the period | 9904 | -€17,826 | €1,103,670 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,826 | €1,103,670 | +€1.1m |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.