FGGV Law: 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.
FGGV Law
Largest movements
- Receivables after one year -€323,414
no longer reported in 2025 (was €323,414)
- Cash +€41,226
up €41,226 (+19.7%), from €208,810 to €250,036
mainly Receivables after one year (+€323,414) and Net result for the year (+€233,749)
- Receivables within one year -€22,303
down €22,303 (-29.9%), from €74,514 to €52,211
of which Trade receivables: -€33,630
- Current investments +€15,000
new in 2025: €15,000
- Other debts -€304,178
down €304,178 (-56.5%), from €538,424 to €234,246
- Tax, wage and social debts +€10,243
up €10,243 (+179%), from €5,737 to €15,980
of which Taxes: +€11,795
- Gross operating margin +€53,914
up €53,914 (+20.5%), from €262,936 to €316,849
- Taxes +€11,924
up €11,924 (+19.4%), from €61,542 to €73,466
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 | €622,728 | €331,061 | -€291,667 | -46.8% |
| Formation expenses | 20 | €302 | - | -€302 | |
| Fixed assets | 21/28 | €8,511 | €11,247 | +€2,736 | +32.1% |
| Tangible fixed assets | 22/27 | €8,511 | €11,247 | +€2,736 | +32.1% |
| Furniture and vehicles | 24 | €1,843 | €3,966 | +€2,122 | +115% |
| Other tangible fixed assets | 26 | €6,668 | €7,281 | +€613 | +9.2% |
| Current assets | 29/58 | €613,914 | €319,814 | -€294,101 | -47.9% |
| Amounts receivable after more than one year | 29 | €323,414 | - | -€323,414 | |
| Other amounts receivable | 291 | €323,414 | - | -€323,414 | |
| Amounts receivable within one year | 40/41 | €74,514 | €52,211 | -€22,303 | -29.9% |
| Trade receivables | 40 | €57,044 | €23,414 | -€33,630 | -59.0% |
| Other amounts receivable | 41 | €17,470 | €28,797 | +€11,328 | +64.8% |
| Current investments | 50/53 | - | €15,000 | +€15,000 | |
| Cash at bank and in hand | 54/58 | €208,810 | €250,036 | +€41,226 | +19.7% |
| Deferred charges and accrued income | 490/1 | €7,177 | €2,567 | -€4,611 | -64.2% |
| Total equity and liabilities | 10/49 | €622,728 | €331,061 | -€291,667 | -46.8% |
| Equity | 10/15 | €75,585 | €75,585 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €74,585 | €74,585 | = | 0.0% |
| Distributable reserves | 133 | €74,585 | €74,585 | = | 0.0% |
| Amounts payable | 17/49 | €547,142 | €255,475 | -€291,667 | -53.3% |
| Amounts payable within one year | 42/48 | €547,142 | €253,494 | -€293,649 | -53.7% |
| Trade debts | 44 | €2,982 | €3,268 | +€287 | +9.6% |
| Suppliers | 440/4 | €2,982 | €3,268 | +€287 | +9.6% |
| Taxes, remuneration and social security | 45 | €5,737 | €15,980 | +€10,243 | +179% |
| Taxes | 450/3 | €3,737 | €15,532 | +€11,795 | +316% |
| Remuneration and social security | 454/9 | €2,000 | €448 | -€1,552 | -77.6% |
| Other amounts payable | 47/48 | €538,424 | €234,246 | -€304,178 | -56.5% |
| Accrued charges and deferred income | 492/3 | - | €1,982 | +€1,982 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,375 | €2,710 | +€335 | +14.1% |
| Other operating charges | 640/8 | €11,345 | €12,875 | +€1,530 | +13.5% |
| Gross operating margin | 9900 | €262,936 | €316,849 | +€53,914 | +20.5% |
| Operating profit (loss) | 9901 | €249,216 | €301,264 | +€52,048 | +20.9% |
| Financial income | 75/76B | €9,097 | €6,285 | -€2,812 | -30.9% |
| Recurring financial income | 75 | €9,097 | €6,285 | -€2,812 | -30.9% |
| Financial charges | 65/66B | €1,292 | €334 | -€958 | -74.2% |
| Recurring financial charges | 65 | €1,292 | €334 | -€958 | -74.2% |
| Profit (loss) for the period before taxes | 9903 | €257,021 | €307,215 | +€50,194 | +19.5% |
| Income taxes | 67/77 | €61,542 | €73,466 | +€11,924 | +19.4% |
| Profit (loss) for the period | 9904 | €195,479 | €233,749 | +€38,270 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €195,479 | €233,749 | +€38,270 | +19.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.