FG VISION: 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 VISION
Largest movements
- Cash -€9,525
down €9,525 (-32.6%), from €29,194 to €19,669
mainly Net result for the year (-€6,113) and Receivables within one year (-€3,585)
- Receivables within one year +€3,585
up €3,585 (+39.3%), from €9,132 to €12,717
of which Trade receivables: +€3,795
- Tangible fixed assets -€1,687
down €1,687 (-68.6%), from €2,459 to €772
of which Furniture and vehicles: -€1,244
- Stocks and contracts -€1,202
no longer reported in 2025 (was €1,202)
- Profit (loss) carried forward -€6,113
down €6,113 (-16.5%), from €36,938 to €30,825
- Other debts -€3,036
no longer reported in 2025 (was €3,036)
- Trade debts +€935
new in 2025: €935
- Tax, wage and social debts -€743
no longer reported in 2025 (was €743)
- Gross operating margin -€14,335
down €14,335 (-63.9%), from €22,430 to €8,095
- Staff costs +€10,570
new in 2025: €10,570
- Taxes -€3,420
no longer reported in 2025 (was €3,420)
- Depreciation +€1,078
up €1,078 (+177%), from €609 to €1,687
- Other operating charges +€911
up €911 (+107%), from €850 to €1,761
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 | €41,987 | €33,434 | -€8,553 | -20.4% |
| Fixed assets | 21/28 | €2,459 | €772 | -€1,687 | -68.6% |
| Tangible fixed assets | 22/27 | €2,459 | €772 | -€1,687 | -68.6% |
| Plant, machinery and equipment | 23 | €1,215 | €772 | -€443 | -36.5% |
| Furniture and vehicles | 24 | €1,244 | - | -€1,244 | |
| Current assets | 29/58 | €39,528 | €32,662 | -€6,866 | -17.4% |
| Stocks and contracts in progress | 3 | €1,202 | - | -€1,202 | |
| Stocks | 30/36 | €1,202 | - | -€1,202 | |
| Amounts receivable within one year | 40/41 | €9,132 | €12,717 | +€3,585 | +39.3% |
| Trade receivables | 40 | €8,413 | €12,208 | +€3,795 | +45.1% |
| Other amounts receivable | 41 | €719 | €509 | -€210 | -29.2% |
| Cash at bank and in hand | 54/58 | €29,194 | €19,669 | -€9,525 | -32.6% |
| Deferred charges and accrued income | 490/1 | - | €276 | +€276 | |
| Total equity and liabilities | 10/49 | €41,987 | €33,434 | -€8,553 | -20.4% |
| Equity | 10/15 | €38,208 | €32,095 | -€6,113 | -16.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €270 | €270 | = | 0.0% |
| Non-distributable reserves | 130/1 | €270 | €270 | = | 0.0% |
| Reserves not available under the articles | 1311 | €270 | €270 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,938 | €30,825 | -€6,113 | -16.5% |
| Amounts payable | 17/49 | €3,779 | €1,339 | -€2,440 | -64.6% |
| Amounts payable within one year | 42/48 | €3,779 | €935 | -€2,844 | -75.3% |
| Trade debts | 44 | - | €935 | +€935 | |
| Suppliers | 440/4 | - | €935 | +€935 | |
| Taxes, remuneration and social security | 45 | €743 | - | -€743 | |
| Taxes | 450/3 | €743 | - | -€743 | |
| Other amounts payable | 47/48 | €3,036 | - | -€3,036 | |
| Accrued charges and deferred income | 492/3 | - | €404 | +€404 | |
| Remuneration, social security and pensions | 62 | - | €10,570 | +€10,570 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €609 | €1,687 | +€1,078 | +177% |
| Other operating charges | 640/8 | €850 | €1,761 | +€911 | +107% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €22,430 | €8,095 | -€14,335 | -63.9% |
| Operating profit (loss) | 9901 | €20,971 | -€5,986 | -€26,957 | |
| Financial charges | 65/66B | €71 | €127 | +€56 | +78.9% |
| Recurring financial charges | 65 | €71 | €127 | +€56 | +78.9% |
| Profit (loss) for the period before taxes | 9903 | €20,900 | -€6,113 | -€27,013 | |
| Income taxes | 67/77 | €3,420 | - | -€3,420 | |
| Profit (loss) for the period | 9904 | €17,480 | -€6,113 | -€23,593 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,480 | -€6,113 | -€23,593 |
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 15 October 2026 via checked.be.