FGL: what changed
Two fiscal 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.
FGL
Largest movements
- Receivables within one year +€15
up €15 (+17.6%), from €87 to €103
- Other debts +€13,668
up €13,668 (+76.6%), from €17,851 to €31,519
- Trade debts -€13,099
down €13,099 (-35.7%), from €36,727 to €23,628
- Profit (loss) carried forward -€590
down €590 (-0.8%), from -€75,005 to -€75,595
- Short-term financial debts +€36
up €36 (+66.9%), from €54 to €91
- Depreciation -€3,261
no longer reported in 2024 (was €3,261)
- Staff costs -€1,846
no longer reported in 2024 (was €1,846)
- Financial charges -€557
down €557 (-94.5%), from €589 to €32
- Gross operating margin -€499
down €499, from €197 to -€303
- Other operating charges -€147
down €147 (-36.6%), from €403 to €255
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87 | €103 | +€15 | +17.6% |
| Current assets | 29/58 | €87 | €103 | +€15 | +17.6% |
| Amounts receivable within one year | 40/41 | €87 | €103 | +€15 | +17.6% |
| Other amounts receivable | 41 | €87 | €103 | +€15 | +17.6% |
| Total equity and liabilities | 10/49 | €87 | €103 | +€15 | +17.6% |
| Equity | 10/15 | -€54,545 | -€55,135 | -€590 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,005 | -€75,595 | -€590 | -0.8% |
| Amounts payable | 17/49 | €54,632 | €55,237 | +€605 | +1.1% |
| Amounts payable within one year | 42/48 | €54,632 | €55,237 | +€605 | +1.1% |
| Financial debts | 43 | €54 | €91 | +€36 | +66.9% |
| Credit institutions | 430/8 | €54 | €91 | +€36 | +66.9% |
| Trade debts | 44 | €36,727 | €23,628 | -€13,099 | -35.7% |
| Suppliers | 440/4 | €36,727 | €23,628 | -€13,099 | -35.7% |
| Other amounts payable | 47/48 | €17,851 | €31,519 | +€13,668 | +76.6% |
| Remuneration, social security and pensions | 62 | €1,846 | - | -€1,846 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,261 | - | -€3,261 | |
| Other operating charges | 640/8 | €403 | €255 | -€147 | -36.6% |
| Gross operating margin | 9900 | €197 | -€303 | -€499 | |
| Operating profit (loss) | 9901 | -€5,313 | -€558 | +€4,756 | +89.5% |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €589 | €32 | -€557 | -94.5% |
| Recurring financial charges | 65 | €589 | €32 | -€557 | -94.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,900 | -€590 | +€5,310 | +90.0% |
| Profit (loss) for the period | 9904 | -€5,900 | -€590 | +€5,310 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,900 | -€590 | +€5,310 | +90.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.