FG MANAGEMENT: 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 MANAGEMENT
Largest movements
- Financial fixed assets +€253,000
up €253,000 (+447.4%), from €56,550 to €309,550
- Receivables within one year +€62,921
up €62,921 (+693.3%), from €9,075 to €71,996
of which Other amounts receivable: +€35,696
- Current investments -€31,452
no longer reported in 2025 (was €31,452)
- Cash +€12,366
new in 2025: €12,366
mainly Debts after one year (+€198,631) and Net result for the year (+€84,456)
- Debts after one year +€198,631
new in 2025: €198,631
- Profit (loss) carried forward +€84,456
up €84,456 (+398.3%), from €21,206 to €105,662
- Other debts -€34,000
down €34,000 (-60.1%), from €56,550 to €22,550
- Current portion of long-term debt +€33,571
new in 2025: €33,571
- Tax, wage and social debts +€14,245
up €14,245 (+91.1%), from €15,638 to €29,883
of which Taxes: +€13,397
- Financial income +€53,696
new in 2025: €53,696
- Gross operating margin +€16,098
up €16,098 (+58.3%), from €27,605 to €43,703
- Taxes +€5,162
up €5,162 (+93.6%), from €5,512 to €10,674
- Financial charges +€1,754
up €1,754 (+1528.8%), from €115 to €1,869
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 | €97,077 | €393,912 | +€296,835 | +305.8% |
| Fixed assets | 21/28 | €56,550 | €309,550 | +€253,000 | +447.4% |
| Financial fixed assets | 28 | €56,550 | €309,550 | +€253,000 | +447.4% |
| Current assets | 29/58 | €40,527 | €84,362 | +€43,835 | +108.2% |
| Amounts receivable within one year | 40/41 | €9,075 | €71,996 | +€62,921 | +693.3% |
| Trade receivables | 40 | €9,075 | €36,300 | +€27,225 | +300.0% |
| Other amounts receivable | 41 | - | €35,696 | +€35,696 | |
| Current investments | 50/53 | €31,452 | - | -€31,452 | |
| Cash at bank and in hand | 54/58 | - | €12,366 | +€12,366 | |
| Total equity and liabilities | 10/49 | €97,077 | €393,912 | +€296,835 | +305.8% |
| Equity | 10/15 | €23,706 | €108,162 | +€84,456 | +356.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,206 | €105,662 | +€84,456 | +398.3% |
| Amounts payable | 17/49 | €73,371 | €285,750 | +€212,379 | +289.5% |
| Amounts payable after more than one year | 17 | - | €198,631 | +€198,631 | |
| Financial debts | 170/4 | - | €198,631 | +€198,631 | |
| Amounts payable within one year | 42/48 | €73,371 | €87,119 | +€13,748 | +18.7% |
| Current portion of amounts payable after more than one year | 42 | - | €33,571 | +€33,571 | |
| Trade debts | 44 | €1,184 | €1,114 | -€69 | -5.8% |
| Suppliers | 440/4 | €1,184 | €1,114 | -€69 | -5.8% |
| Taxes, remuneration and social security | 45 | €15,638 | €29,883 | +€14,245 | +91.1% |
| Taxes | 450/3 | €13,261 | €26,657 | +€13,397 | +101.0% |
| Remuneration and social security | 454/9 | €2,377 | €3,226 | +€849 | +35.7% |
| Other amounts payable | 47/48 | €56,550 | €22,550 | -€34,000 | -60.1% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | €27,605 | €43,703 | +€16,098 | +58.3% |
| Operating profit (loss) | 9901 | €26,833 | €43,303 | +€16,470 | +61.4% |
| Financial income | 75/76B | - | €53,696 | +€53,696 | |
| Recurring financial income | 75 | - | €53,696 | +€53,696 | |
| Financial charges | 65/66B | €115 | €1,869 | +€1,754 | +1528.8% |
| Recurring financial charges | 65 | €115 | €1,869 | +€1,754 | +1528.8% |
| Profit (loss) for the period before taxes | 9903 | €26,718 | €95,130 | +€68,412 | +256.1% |
| Income taxes | 67/77 | €5,512 | €10,674 | +€5,162 | +93.6% |
| Profit (loss) for the period | 9904 | €21,206 | €84,456 | +€63,250 | +298.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,206 | €84,456 | +€63,250 | +298.3% |
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 30 September 2026 via checked.be.