FG GROUP: 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 GROUP
Largest movements
- Cash -€4,091
down €4,091 (-92.6%), from €4,416 to €326
mainly Accrued charges and deferred income (-€33,954) and Debts after one year (-€9,668)
- Other debts +€37,950
up €37,950 (+52.2%), from €72,712 to €110,662
- Accrued charges and deferred income -€33,954
down €33,954 (-99.0%), from €34,314 to €360
- Debts after one year -€9,668
down €9,668 (-3.5%), from €273,107 to €263,439
- Gross operating margin +€13,481
up €13,481, from -€8,024 to €5,457
- Other operating charges -€3,720
down €3,720 (-71.7%), from €5,190 to €1,470
- Financial charges -€707
down €707 (-10.6%), from €6,652 to €5,945
- Financial income +€266
up €266 (+40.0%), from €664 to €930
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 | €220,940 | €216,203 | -€4,737 | -2.1% |
| Fixed assets | 21/28 | €187,635 | €187,635 | = | 0.0% |
| Tangible fixed assets | 22/27 | €187,635 | €187,635 | = | 0.0% |
| Land and buildings | 22 | €187,635 | €187,635 | = | 0.0% |
| Current assets | 29/58 | €33,305 | €28,568 | -€4,737 | -14.2% |
| Amounts receivable within one year | 40/41 | €28,599 | €28,242 | -€357 | -1.2% |
| Other amounts receivable | 41 | €28,599 | €28,242 | -€357 | -1.2% |
| Cash at bank and in hand | 54/58 | €4,416 | €326 | -€4,091 | -92.6% |
| Deferred charges and accrued income | 490/1 | €290 | - | -€290 | |
| Total equity and liabilities | 10/49 | €220,940 | €216,203 | -€4,737 | -2.1% |
| Equity | 10/15 | -€170,599 | -€171,627 | -€1,028 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€189,199 | -€190,227 | -€1,028 | -0.5% |
| Amounts payable | 17/49 | €391,539 | €387,830 | -€3,709 | -0.9% |
| Amounts payable after more than one year | 17 | €273,107 | €263,439 | -€9,668 | -3.5% |
| Financial debts | 170/4 | €273,107 | €263,439 | -€9,668 | -3.5% |
| Amounts payable within one year | 42/48 | €84,118 | €124,031 | +€39,913 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €9,364 | €9,668 | +€304 | +3.2% |
| Trade debts | 44 | €2,042 | €3,700 | +€1,659 | +81.2% |
| Suppliers | 440/4 | €2,042 | €3,700 | +€1,659 | +81.2% |
| Other amounts payable | 47/48 | €72,712 | €110,662 | +€37,950 | +52.2% |
| Accrued charges and deferred income | 492/3 | €34,314 | €360 | -€33,954 | -99.0% |
| Other operating charges | 640/8 | €5,190 | €1,470 | -€3,720 | -71.7% |
| Gross operating margin | 9900 | -€8,024 | €5,457 | +€13,481 | |
| Operating profit (loss) | 9901 | -€13,214 | €3,987 | +€17,201 | |
| Financial income | 75/76B | €664 | €930 | +€266 | +40.0% |
| Recurring financial income | 75 | €664 | €930 | +€266 | +40.0% |
| Financial charges | 65/66B | €6,652 | €5,945 | -€707 | -10.6% |
| Recurring financial charges | 65 | €6,652 | €5,945 | -€707 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€19,202 | -€1,028 | +€18,173 | +94.6% |
| Profit (loss) for the period | 9904 | -€19,202 | -€1,028 | +€18,173 | +94.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,202 | -€1,028 | +€18,173 | +94.6% |
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.