FG INVEST: what changed
FG INVEST
Largest movements
- Financial fixed assets -€2.0m
down €2.0m (-71.4%), from €2.7m to €785,711
- Cash +€1.1m
up €1.1m (+88,261%), from €1,284 to €1.1m
mainly Investment in fixed assets (net) (+€2.0m) and Net result for the year (+€1.2m)
- Receivables within one year +€433,765
up €433,765 (+372%), from €116,709 to €550,475
of which Other amounts receivable: +€425,265
- Tangible fixed assets -€70,333
down €70,333 (-5.4%), from €1.3m to €1.2m
of which Land and buildings: -€73,068
- Other debts -€1.5m
down €1.5m (-97.1%), from €1.5m to €43,851
- Profit (loss) carried forward +€1.2m
up €1.2m (+89.7%), from €1.3m to €2.5m
- Short-term financial debts -€120,224
down €120,224 (-100.0%), from €120,231 to €7
- Current portion of long-term debt +€73,729
up €73,729 (+326%), from €22,598 to €96,326
- Trade debts -€51,728
down €51,728 (-33.7%), from €153,408 to €101,680
- Financial income +€1.4m
up €1.4m (+389,108%), from €359 to €1.4m
- Financial charges +€217,412
up €217,412 (+1,787%), from €12,168 to €229,580
of which Financial charges: +€139,912
- Gross operating margin -€6,268
down €6,268 (-5.6%), from €112,905 to €106,636
- Other operating charges +€5,176
up €5,176 (+43.0%), from €12,036 to €17,211
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,166,894 | €3,699,945 | -€466,949 | -11.2% |
| Fixed assets | 21/28 | €4,044,101 | €2,009,768 | -€2.0m | -50.3% |
| Tangible fixed assets | 22/27 | €1,294,390 | €1,224,057 | -€70,333 | -5.4% |
| Land and buildings | 22 | €1,294,390 | €1,221,322 | -€73,068 | -5.6% |
| Furniture and vehicles | 24 | - | €2,735 | +€2,735 | |
| Financial fixed assets | 28 | €2,749,711 | €785,711 | -€2.0m | -71.4% |
| Current assets | 29/58 | €122,793 | €1,690,178 | +€1.6m | +1,276% |
| Amounts receivable within one year | 40/41 | €116,709 | €550,475 | +€433,765 | +372% |
| Trade receivables | 40 | - | €8,500 | +€8,500 | |
| Other amounts receivable | 41 | €116,709 | €541,975 | +€425,265 | +364% |
| Cash at bank and in hand | 54/58 | €1,284 | €1,134,903 | +€1.1m | +88,261% |
| Deferred charges and accrued income | 490/1 | €4,800 | €4,800 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,166,894 | €3,699,945 | -€466,949 | -11.2% |
| Equity | 10/15 | €1,817,496 | €3,003,603 | +€1.2m | +65.3% |
| Contributions | 10/11 | €450,000 | €450,000 | = | 0.0% |
| Capital | 10 | €450,000 | €450,000 | = | 0.0% |
| Issued capital | 100 | €450,000 | €450,000 | = | 0.0% |
| Reserves | 13 | €45,000 | €45,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €45,000 | €45,000 | = | 0.0% |
| Legal reserve | 130 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,322,496 | €2,508,603 | +€1.2m | +89.7% |
| Amounts payable | 17/49 | €2,349,398 | €696,342 | -€1.7m | -70.4% |
| Amounts payable after more than one year | 17 | €493,148 | €452,896 | -€40,252 | -8.2% |
| Financial debts | 170/4 | €493,148 | €452,896 | -€40,252 | -8.2% |
| Amounts payable within one year | 42/48 | €1,856,250 | €243,446 | -€1.6m | -86.9% |
| Current portion of amounts payable after more than one year | 42 | €22,598 | €96,326 | +€73,729 | +326% |
| Financial debts | 43 | €120,231 | €7 | -€120,224 | -100.0% |
| Credit institutions | 430/8 | €120,231 | €7 | -€120,224 | -100.0% |
| Trade debts | 44 | €153,408 | €101,680 | -€51,728 | -33.7% |
| Suppliers | 440/4 | €153,408 | €101,680 | -€51,728 | -33.7% |
| Taxes, remuneration and social security | 45 | €25,432 | €1,582 | -€23,850 | -93.8% |
| Taxes | 450/3 | €25,432 | €1,582 | -€23,850 | -93.8% |
| Other amounts payable | 47/48 | €1,534,582 | €43,851 | -€1.5m | -97.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,068 | €73,372 | +€304 | +0.4% |
| Other operating charges | 640/8 | €12,036 | €17,211 | +€5,176 | +43.0% |
| Gross operating margin | 9900 | €112,905 | €106,636 | -€6,268 | -5.6% |
| Operating profit (loss) | 9901 | €27,801 | €16,053 | -€11,748 | -42.3% |
| Financial income | 75/76B | €359 | €1,398,930 | +€1.4m | +389,108% |
| Recurring financial income | 75 | €359 | €1,398,930 | +€1.4m | +389,108% |
| Financial charges | 65/66B | €12,168 | €229,580 | +€217,412 | +1,787% |
| Recurring financial charges | 65 | €12,168 | €152,080 | +€139,912 | +1,150% |
| Non-recurring financial charges | 66B | - | €77,500 | +€77,500 | |
| Profit (loss) for the period before taxes | 9903 | €15,992 | €1,185,403 | +€1.2m | +7,312% |
| Income taxes | 67/77 | - | -€704 | -€704 | |
| Profit (loss) for the period | 9904 | €15,992 | €1,186,107 | +€1.2m | +7,317% |
| Profit (loss) for the period to be appropriated | 9905 | €15,992 | €1,186,107 | +€1.2m | +7,317% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.