FGC FID: 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.
FGC FID
Largest movements
- Receivables within one year -€80,094
down €80,094 (-36.0%), from €222,574 to €142,479
of which Trade receivables: -€79,349
- Cash -€5,771
down €5,771 (-16.5%), from €34,920 to €29,149
mainly Trade debts (-€46,290) and Accrued charges and deferred income (-€31,656)
- Intangible fixed assets -€5,000
down €5,000 (-25.0%), from €20,000 to €15,000
- Tangible fixed assets -€5,000
down €5,000 (-14.9%), from €33,629 to €28,629
of which Other tangible fixed assets: -€4,378
- Deferred charges and accrued income +€4,558
up €4,558 (+978%), from €466 to €5,024
- Trade debts -€46,290
down €46,290 (-52.2%), from €88,608 to €42,319
- Accrued charges and deferred income -€31,656
down €31,656 (-34.6%), from €91,406 to €59,750
- Tax, wage and social debts -€6,419
down €6,419 (-10.4%), from €61,872 to €55,453
of which Taxes: -€5,787
- Debts after one year -€4,849
down €4,849 (-100%), from €4,849 to €0
- Staff costs +€28,451
up €28,451 (+13.1%), from €217,356 to €245,807
- Gross operating margin +€20,812
up €20,812 (+8.7%), from €238,835 to €259,647
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 | €313,111 | €221,815 | -€91,296 | -29.2% |
| Formation expenses | 20 | €128 | €0 | -€128 | -100% |
| Fixed assets | 21/28 | €55,024 | €45,163 | -€9,860 | -17.9% |
| Intangible fixed assets | 21 | €20,000 | €15,000 | -€5,000 | -25.0% |
| Tangible fixed assets | 22/27 | €33,629 | €28,629 | -€5,000 | -14.9% |
| Furniture and vehicles | 24 | €4,057 | €3,435 | -€622 | -15.3% |
| Other tangible fixed assets | 26 | €29,572 | €25,194 | -€4,378 | -14.8% |
| Financial fixed assets | 28 | €1,395 | €1,535 | +€139 | +10.0% |
| Current assets | 29/58 | €257,959 | €176,652 | -€81,307 | -31.5% |
| Amounts receivable within one year | 40/41 | €222,574 | €142,479 | -€80,094 | -36.0% |
| Trade receivables | 40 | €221,729 | €142,379 | -€79,349 | -35.8% |
| Other amounts receivable | 41 | €845 | €100 | -€745 | -88.2% |
| Cash at bank and in hand | 54/58 | €34,920 | €29,149 | -€5,771 | -16.5% |
| Deferred charges and accrued income | 490/1 | €466 | €5,024 | +€4,558 | +978% |
| Total equity and liabilities | 10/49 | €313,111 | €221,815 | -€91,296 | -29.2% |
| Equity | 10/15 | €57,450 | €57,508 | +€58 | +0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €583 | €583 | = | 0.0% |
| Distributable reserves | 133 | €583 | €583 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,268 | €38,325 | +€58 | +0.2% |
| Amounts payable | 17/49 | €255,661 | €164,307 | -€91,354 | -35.7% |
| Amounts payable after more than one year | 17 | €4,849 | €0 | -€4,849 | -100% |
| Financial debts | 170/4 | €4,849 | €0 | -€4,849 | -100% |
| Amounts payable within one year | 42/48 | €159,406 | €104,558 | -€54,848 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €5,105 | €4,849 | -€256 | -5.0% |
| Trade debts | 44 | €88,608 | €42,319 | -€46,290 | -52.2% |
| Suppliers | 440/4 | €88,608 | €42,319 | -€46,290 | -52.2% |
| Taxes, remuneration and social security | 45 | €61,872 | €55,453 | -€6,419 | -10.4% |
| Taxes | 450/3 | €28,732 | €22,945 | -€5,787 | -20.1% |
| Remuneration and social security | 454/9 | €33,140 | €32,508 | -€633 | -1.9% |
| Other amounts payable | 47/48 | €3,821 | €1,937 | -€1,884 | -49.3% |
| Accrued charges and deferred income | 492/3 | €91,406 | €59,750 | -€31,656 | -34.6% |
| Remuneration, social security and pensions | 62 | €217,356 | €245,807 | +€28,451 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,612 | €12,302 | -€310 | -2.5% |
| Other operating charges | 640/8 | €3,679 | €1,359 | -€2,320 | -63.1% |
| Gross operating margin | 9900 | €238,835 | €259,647 | +€20,812 | +8.7% |
| Operating profit (loss) | 9901 | €5,188 | €179 | -€5,009 | -96.5% |
| Financial income | 75/76B | €580 | €536 | -€44 | -7.6% |
| Recurring financial income | 75 | €580 | €536 | -€44 | -7.6% |
| Financial charges | 65/66B | €724 | €609 | -€115 | -15.9% |
| Recurring financial charges | 65 | €724 | €609 | -€115 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €5,045 | €106 | -€4,938 | -97.9% |
| Income taxes | 67/77 | - | €49 | +€49 | |
| Profit (loss) for the period | 9904 | €5,045 | €58 | -€4,987 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,045 | €58 | -€4,987 | -98.9% |
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 1 November 2026 via checked.be.