FG Management and Engineering: 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.
FG Management and Engineering
Largest movements
- Receivables within one year +€329,416
up €329,416 (+240%), from €137,044 to €466,460
of which Trade receivables: +€330,129
- Cash -€174,483
down €174,483 (-47.9%), from €364,505 to €190,022
mainly Receivables within one year (-€329,416) and Contributions, distributions and other (-€117,647)
- Tangible fixed assets -€7,308
down €7,308 (-33.6%), from €21,742 to €14,434
of which Furniture and vehicles: -€9,128
- Other debts +€111,020
up €111,020 (+1,597%), from €6,952 to €117,972
- Trade debts -€56,776
down €56,776 (-12.6%), from €448,842 to €392,066
- Tax, wage and social debts +€53,723
up €53,723 (+147%), from €36,637 to €90,360
of which Taxes: +€43,279
- Profit (loss) carried forward +€20,763
up €20,763 (+823%), from €2,521 to €23,285
- Accrued charges and deferred income +€15,139
new in 2025: €15,139
- Gross operating margin +€185,880
up €185,880 (+1,427%), from €13,025 to €198,905
- Taxes +€45,349
up €45,349 (+1,168%), from €3,884 to €49,233
- Depreciation +€2,999
up €2,999 (+72.1%), from €4,160 to €7,160
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.
Derived cash bridge
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 | €536,755 | €680,626 | +€143,870 | +26.8% |
| Fixed assets | 21/28 | €21,781 | €14,474 | -€7,308 | -33.6% |
| Tangible fixed assets | 22/27 | €21,742 | €14,434 | -€7,308 | -33.6% |
| Furniture and vehicles | 24 | €20,004 | €10,877 | -€9,128 | -45.6% |
| Other tangible fixed assets | 26 | €1,738 | €3,558 | +€1,820 | +105% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €514,974 | €666,152 | +€151,178 | +29.4% |
| Amounts receivable within one year | 40/41 | €137,044 | €466,460 | +€329,416 | +240% |
| Trade receivables | 40 | €80,915 | €411,044 | +€330,129 | +408% |
| Other amounts receivable | 41 | €56,129 | €55,416 | -€713 | -1.3% |
| Cash at bank and in hand | 54/58 | €364,505 | €190,022 | -€174,483 | -47.9% |
| Deferred charges and accrued income | 490/1 | €13,425 | €9,670 | -€3,755 | -28.0% |
| Total equity and liabilities | 10/49 | €536,755 | €680,626 | +€143,870 | +26.8% |
| Equity | 10/15 | €44,324 | €65,088 | +€20,763 | +46.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,603 | €35,603 | = | 0.0% |
| Distributable reserves | 133 | €35,603 | €35,603 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,521 | €23,285 | +€20,763 | +823% |
| Amounts payable | 17/49 | €492,431 | €615,538 | +€123,107 | +25.0% |
| Amounts payable within one year | 42/48 | €492,431 | €600,399 | +€107,968 | +21.9% |
| Trade debts | 44 | €448,842 | €392,066 | -€56,776 | -12.6% |
| Suppliers | 440/4 | €448,842 | €392,066 | -€56,776 | -12.6% |
| Taxes, remuneration and social security | 45 | €36,637 | €90,360 | +€53,723 | +147% |
| Taxes | 450/3 | €36,637 | €79,916 | +€43,279 | +118% |
| Remuneration and social security | 454/9 | - | €10,444 | +€10,444 | |
| Other amounts payable | 47/48 | €6,952 | €117,972 | +€111,020 | +1,597% |
| Accrued charges and deferred income | 492/3 | - | €15,139 | +€15,139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,160 | €7,160 | +€2,999 | +72.1% |
| Other operating charges | 640/8 | €2,420 | €1,907 | -€514 | -21.2% |
| Gross operating margin | 9900 | €13,025 | €198,905 | +€185,880 | +1,427% |
| Operating profit (loss) | 9901 | €6,445 | €189,839 | +€183,394 | +2,846% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.0% |
| Financial charges | 65/66B | €439 | €2,196 | +€1,757 | +400% |
| Recurring financial charges | 65 | €439 | €2,196 | +€1,757 | +400% |
| Profit (loss) for the period before taxes | 9903 | €6,007 | €187,643 | +€181,636 | +3,024% |
| Income taxes | 67/77 | €3,884 | €49,233 | +€45,349 | +1,168% |
| Profit (loss) for the period | 9904 | €2,123 | €138,410 | +€136,287 | +6,420% |
| Profit (loss) for the period to be appropriated | 9905 | €2,123 | €138,410 | +€136,287 | +6,420% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.