FGCA: 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.
FGCA
Largest movements
- Receivables within one year +€17,177
up €17,177 (+57.6%), from €29,832 to €47,009
of which Trade receivables: +€15,586
- Cash +€7,268
up €7,268 (+93.3%), from €7,793 to €15,061
mainly Net result for the year (+€45,067) and Depreciation (+€5,816)
- Tangible fixed assets -€5,816
down €5,816 (-23.0%), from €25,337 to €19,521
- Profit (loss) carried forward +€45,067
up €45,067 (+154%), from €29,181 to €74,248
- Other debts -€21,090
no longer reported in 2025 (was €21,090)
- Tax, wage and social debts -€5,961
down €5,961 (-52.5%), from €11,360 to €5,398
of which Remuneration and social security: -€4,076
- Gross operating margin +€32,674
up €32,674 (+99.5%), from €32,828 to €65,502
- Taxes +€5,652
up €5,652 (+84.8%), from €6,668 to €12,319
- Depreciation +€2,659
up €2,659 (+84.2%), from €3,156 to €5,816
- Other operating charges +€1,714
up €1,714 (+292%), from €586 to €2,300
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 | €68,858 | €87,224 | +€18,366 | +26.7% |
| Fixed assets | 21/28 | €28,337 | €22,521 | -€5,816 | -20.5% |
| Tangible fixed assets | 22/27 | €25,337 | €19,521 | -€5,816 | -23.0% |
| Furniture and vehicles | 24 | €25,337 | €19,521 | -€5,816 | -23.0% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €40,521 | €64,702 | +€24,181 | +59.7% |
| Amounts receivable within one year | 40/41 | €29,832 | €47,009 | +€17,177 | +57.6% |
| Trade receivables | 40 | €27,362 | €42,948 | +€15,586 | +57.0% |
| Other amounts receivable | 41 | €2,470 | €4,060 | +€1,591 | +64.4% |
| Cash at bank and in hand | 54/58 | €7,793 | €15,061 | +€7,268 | +93.3% |
| Deferred charges and accrued income | 490/1 | €2,896 | €2,633 | -€263 | -9.1% |
| Total equity and liabilities | 10/49 | €68,858 | €87,224 | +€18,366 | +26.7% |
| Equity | 10/15 | €35,181 | €80,248 | +€45,067 | +128% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,181 | €74,248 | +€45,067 | +154% |
| Amounts payable | 17/49 | €33,677 | €6,976 | -€26,701 | -79.3% |
| Amounts payable within one year | 42/48 | €33,677 | €6,976 | -€26,701 | -79.3% |
| Trade debts | 44 | €1,227 | €1,577 | +€350 | +28.5% |
| Suppliers | 440/4 | €1,227 | €1,577 | +€350 | +28.5% |
| Taxes, remuneration and social security | 45 | €11,360 | €5,398 | -€5,961 | -52.5% |
| Taxes | 450/3 | €7,284 | €5,398 | -€1,885 | -25.9% |
| Remuneration and social security | 454/9 | €4,076 | - | -€4,076 | |
| Other amounts payable | 47/48 | €21,090 | - | -€21,090 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,156 | €5,816 | +€2,659 | +84.2% |
| Other operating charges | 640/8 | €586 | €2,300 | +€1,714 | +292% |
| Gross operating margin | 9900 | €32,828 | €65,502 | +€32,674 | +99.5% |
| Operating profit (loss) | 9901 | €29,086 | €57,386 | +€28,301 | +97.3% |
| Financial income | 75/76B | - | €105 | +€105 | |
| Recurring financial income | 75 | - | €105 | +€105 | |
| Financial charges | 65/66B | €50 | €105 | +€55 | +111% |
| Recurring financial charges | 65 | €50 | €105 | +€55 | +111% |
| Profit (loss) for the period before taxes | 9903 | €29,035 | €57,386 | +€28,351 | +97.6% |
| Income taxes | 67/77 | €6,668 | €12,319 | +€5,652 | +84.8% |
| Profit (loss) for the period | 9904 | €22,368 | €45,067 | +€22,699 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €22,368 | €45,067 | +€22,699 | +101% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.