FG ACCOUNTING: 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.
FG ACCOUNTING
Largest movements
- Deferred charges and accrued income +€121,066
up €121,066 (+7699.6%), from €1,572 to €122,638
- Receivables within one year -€114,603
down €114,603 (-55.9%), from €205,162 to €90,559
of which Trade receivables: -€107,692
- Cash -€32,286
down €32,286 (-67.8%), from €47,613 to €15,327
mainly Deferred charges and accrued income (-€121,066) and Debts after one year (-€27,575)
- Tangible fixed assets -€17,232
down €17,232 (-3.6%), from €474,299 to €457,067
of which Land and buildings: -€15,438
- Debts after one year -€27,575
down €27,575 (-7.1%), from €387,621 to €360,046
- Tax, wage and social debts -€19,284
down €19,284 (-34.0%), from €56,781 to €37,496
of which Taxes: -€29,399
- Profit (loss) carried forward +€15,384
up €15,384 (+9.5%), from €162,577 to €177,961
- Trade debts -€12,071
down €12,071 (-41.2%), from €29,292 to €17,221
- Staff costs +€49,635
up €49,635 (+155.6%), from €31,900 to €81,535
- Taxes -€25,268
down €25,268 (-84.8%), from €29,811 to €4,543
- Gross operating margin -€14,686
down €14,686 (-10.4%), from €141,465 to €126,779
- Financial income +€2,715
up €2,715 (+3318.5%), from €82 to €2,796
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 | €728,813 | €685,759 | -€43,054 | -5.9% |
| Fixed assets | 21/28 | €474,466 | €457,234 | -€17,232 | -3.6% |
| Tangible fixed assets | 22/27 | €474,299 | €457,067 | -€17,232 | -3.6% |
| Land and buildings | 22 | €470,637 | €455,200 | -€15,438 | -3.3% |
| Furniture and vehicles | 24 | €3,661 | €1,868 | -€1,794 | -49.0% |
| Financial fixed assets | 28 | €167 | €167 | = | 0.0% |
| Current assets | 29/58 | €254,348 | €228,525 | -€25,823 | -10.2% |
| Amounts receivable within one year | 40/41 | €205,162 | €90,559 | -€114,603 | -55.9% |
| Trade receivables | 40 | €127,466 | €19,774 | -€107,692 | -84.5% |
| Other amounts receivable | 41 | €77,696 | €70,785 | -€6,911 | -8.9% |
| Cash at bank and in hand | 54/58 | €47,613 | €15,327 | -€32,286 | -67.8% |
| Deferred charges and accrued income | 490/1 | €1,572 | €122,638 | +€121,066 | +7699.6% |
| Total equity and liabilities | 10/49 | €728,813 | €685,759 | -€43,054 | -5.9% |
| Equity | 10/15 | €228,037 | €243,421 | +€15,384 | +6.7% |
| Contributions | 10/11 | €15,460 | €15,460 | = | 0.0% |
| Outside capital | 11 | €15,460 | - | -€15,460 | |
| Other | 1109/19 | €15,460 | - | -€15,460 | |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €162,577 | €177,961 | +€15,384 | +9.5% |
| Amounts payable | 17/49 | €500,777 | €442,338 | -€58,439 | -11.7% |
| Amounts payable after more than one year | 17 | €387,621 | €360,046 | -€27,575 | -7.1% |
| Financial debts | 170/4 | €387,621 | €360,046 | -€27,575 | -7.1% |
| Amounts payable within one year | 42/48 | €113,156 | €82,292 | -€30,864 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €27,083 | €27,575 | +€491 | +1.8% |
| Trade debts | 44 | €29,292 | €17,221 | -€12,071 | -41.2% |
| Suppliers | 440/4 | €29,292 | €17,221 | -€12,071 | -41.2% |
| Taxes, remuneration and social security | 45 | €56,781 | €37,496 | -€19,284 | -34.0% |
| Taxes | 450/3 | €48,039 | €18,640 | -€29,399 | -61.2% |
| Remuneration and social security | 454/9 | €8,741 | €18,856 | +€10,115 | +115.7% |
| Remuneration, social security and pensions | 62 | €31,900 | €81,535 | +€49,635 | +155.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,043 | €17,232 | +€188 | +1.1% |
| Other operating charges | 640/8 | €2,999 | €3,104 | +€105 | +3.5% |
| Gross operating margin | 9900 | €141,465 | €126,779 | -€14,686 | -10.4% |
| Operating profit (loss) | 9901 | €89,523 | €24,909 | -€64,614 | -72.2% |
| Financial income | 75/76B | €82 | €2,796 | +€2,715 | +3318.5% |
| Recurring financial income | 75 | €82 | €2,796 | +€2,715 | +3318.5% |
| Financial charges | 65/66B | €7,088 | €7,777 | +€690 | +9.7% |
| Recurring financial charges | 65 | €7,088 | €7,777 | +€690 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €82,517 | €19,928 | -€62,590 | -75.9% |
| Income taxes | 67/77 | €29,811 | €4,543 | -€25,268 | -84.8% |
| Profit (loss) for the period | 9904 | €52,706 | €15,384 | -€37,322 | -70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,706 | €15,384 | -€37,322 | -70.8% |
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 5 October 2026 via checked.be.