FGL Invest: 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.
FGL Invest
Largest movements
- Tangible fixed assets -€47,073
down €47,073 (-17.3%), from €272,104 to €225,031
- Cash -€8,284
down €8,284 (-17.7%), from €46,825 to €38,542
mainly Debts after one year (-€44,804) and Receivables within one year (-€7,829)
- Receivables within one year +€7,829
new in 2025: €7,829
- Debts after one year -€44,804
down €44,804 (-17.0%), from €263,129 to €218,324
- Profit (loss) carried forward -€4,241
down €4,241 (-7.6%), from -€56,027 to -€60,268
- Financial charges -€678
down €678 (-13.1%), from €5,192 to €4,514
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 | €319,010 | €271,485 | -€47,526 | -14.9% |
| Fixed assets | 21/28 | €272,104 | €225,031 | -€47,073 | -17.3% |
| Tangible fixed assets | 22/27 | €272,104 | €225,031 | -€47,073 | -17.3% |
| Land and buildings | 22 | €272,104 | €225,031 | -€47,073 | -17.3% |
| Current assets | 29/58 | €46,906 | €46,453 | -€452 | -1.0% |
| Amounts receivable within one year | 40/41 | - | €7,829 | +€7,829 | |
| Trade receivables | 40 | - | €7,829 | +€7,829 | |
| Cash at bank and in hand | 54/58 | €46,825 | €38,542 | -€8,284 | -17.7% |
| Deferred charges and accrued income | 490/1 | €80 | €83 | +€2 | +2.8% |
| Total equity and liabilities | 10/49 | €319,010 | €271,485 | -€47,526 | -14.9% |
| Equity | 10/15 | €11,753 | €7,512 | -€4,241 | -36.1% |
| Contributions | 10/11 | €20,451 | €18,592 | -€1,859 | -9.1% |
| Reserves | 13 | €47,329 | €49,188 | +€1,859 | +3.9% |
| Distributable reserves | 133 | €47,329 | €49,188 | +€1,859 | +3.9% |
| Profit (loss) carried forward | 14 | -€56,027 | -€60,268 | -€4,241 | -7.6% |
| Amounts payable | 17/49 | €307,257 | €263,973 | -€43,285 | -14.1% |
| Amounts payable after more than one year | 17 | €263,129 | €218,324 | -€44,804 | -17.0% |
| Financial debts | 170/4 | €263,129 | €218,324 | -€44,804 | -17.0% |
| Amounts payable within one year | 42/48 | €44,129 | €45,648 | +€1,520 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €44,129 | €44,804 | +€676 | +1.5% |
| Other amounts payable | 47/48 | - | €844 | +€844 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,073 | €47,073 | -€0 | 0.0% |
| Other operating charges | 640/8 | €4,363 | €4,478 | +€115 | +2.6% |
| Gross operating margin | 9900 | €51,323 | €51,824 | +€501 | +1.0% |
| Operating profit (loss) | 9901 | -€114 | €273 | +€386 | |
| Financial charges | 65/66B | €5,192 | €4,514 | -€678 | -13.1% |
| Recurring financial charges | 65 | €5,192 | €4,514 | -€678 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,306 | -€4,241 | +€1,065 | +20.1% |
| Profit (loss) for the period | 9904 | -€5,306 | -€4,241 | +€1,065 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,306 | -€4,241 | +€1,065 | +20.1% |
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 18 October 2026 via checked.be.