FG Solutions: 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 Solutions
Largest movements
- Cash +€175,279
up €175,279 (+104.5%), from €167,769 to €343,048
mainly Net result for the year (+€131,199) and Receivables within one year (+€114,837)
- Receivables within one year -€114,837
down €114,837 (-39.2%), from €292,894 to €178,057
of which Other amounts receivable: -€100,092
- Tangible fixed assets -€30,346
down €30,346 (-2.4%), from €1.2m to €1.2m
of which Land and buildings: -€17,524
- Reserves +€131,199
up €131,199 (+15.2%), from €863,568 to €994,767
of which Distributable reserves: +€131,199
- Debts after one year -€56,466
down €56,466 (-8.7%), from €649,788 to €593,322
of which Financial debts: -€56,466
- Trade debts -€35,487
down €35,487 (-87.5%), from €40,544 to €5,058
- Depreciation -€44,366
down €44,366 (-46.8%), from €94,796 to €50,430
- Gross operating margin -€25,913
down €25,913 (-8.9%), from €292,406 to €266,492
- Taxes +€5,853
up €5,853 (+11.2%), from €52,157 to €58,011
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,702,730 | €1,734,384 | +€31,654 | +1.9% |
| Fixed assets | 21/28 | €1,242,067 | €1,211,721 | -€30,346 | -2.4% |
| Tangible fixed assets | 22/27 | €1,242,067 | €1,211,721 | -€30,346 | -2.4% |
| Land and buildings | 22 | €1,214,129 | €1,196,605 | -€17,524 | -1.4% |
| Plant, machinery and equipment | 23 | €3,292 | €2,435 | -€857 | -26.0% |
| Furniture and vehicles | 24 | €24,645 | €12,681 | -€11,964 | -48.5% |
| Current assets | 29/58 | €460,663 | €522,663 | +€62,000 | +13.5% |
| Amounts receivable within one year | 40/41 | €292,894 | €178,057 | -€114,837 | -39.2% |
| Trade receivables | 40 | €52,802 | €38,057 | -€14,745 | -27.9% |
| Other amounts receivable | 41 | €240,092 | €140,000 | -€100,092 | -41.7% |
| Cash at bank and in hand | 54/58 | €167,769 | €343,048 | +€175,279 | +104.5% |
| Deferred charges and accrued income | 490/1 | - | €1,558 | +€1,558 | |
| Total equity and liabilities | 10/49 | €1,702,730 | €1,734,384 | +€31,654 | +1.9% |
| Equity | 10/15 | €883,159 | €1,014,357 | +€131,199 | +14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €863,568 | €994,767 | +€131,199 | +15.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €861,708 | €992,907 | +€131,199 | +15.2% |
| Profit (loss) carried forward | 14 | €990 | €990 | +€0 | 0.0% |
| Amounts payable | 17/49 | €819,572 | €720,027 | -€99,545 | -12.1% |
| Amounts payable after more than one year | 17 | €649,788 | €593,322 | -€56,466 | -8.7% |
| Financial debts | 170/4 | €129,788 | €73,322 | -€56,466 | -43.5% |
| Other amounts payable | 178/9 | €520,000 | €520,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €169,784 | €126,705 | -€43,079 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €60,094 | €60,721 | +€627 | +1.0% |
| Trade debts | 44 | €40,544 | €5,058 | -€35,487 | -87.5% |
| Suppliers | 440/4 | €40,544 | €5,058 | -€35,487 | -87.5% |
| Taxes, remuneration and social security | 45 | €37,315 | €28,562 | -€8,753 | -23.5% |
| Taxes | 450/3 | €37,315 | €28,562 | -€8,753 | -23.5% |
| Other amounts payable | 47/48 | €31,831 | €32,364 | +€533 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,796 | €50,430 | -€44,366 | -46.8% |
| Other operating charges | 640/8 | €2,041 | €2,700 | +€659 | +32.3% |
| Gross operating margin | 9900 | €292,406 | €266,492 | -€25,913 | -8.9% |
| Operating profit (loss) | 9901 | €195,569 | €213,362 | +€17,794 | +9.1% |
| Financial income | 75/76B | €253 | €268 | +€15 | +5.9% |
| Recurring financial income | 75 | €253 | €268 | +€15 | +5.9% |
| Financial charges | 65/66B | €25,107 | €24,420 | -€687 | -2.7% |
| Recurring financial charges | 65 | €25,107 | €24,420 | -€687 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €170,714 | €189,210 | +€18,495 | +10.8% |
| Income taxes | 67/77 | €52,157 | €58,011 | +€5,853 | +11.2% |
| Profit (loss) for the period | 9904 | €118,557 | €131,199 | +€12,642 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €118,557 | €131,199 | +€12,642 | +10.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.