FGL-Projects: 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.
What changed
FGL-Projects
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€8,268
2024 · €25,512-€17,244
Equity
€637,214
2024 · €628,946+€8,268
Cash
€6,123
2024 · -+€6,123
Balance sheet total
€1.0m
2024 · €1.1m-€49,758
Largest movements
Assets
- Tangible fixed assets -€57,707
down €57,707 (-5.5%), from €1.0m to €985,747
of which Land and buildings: -€55,220
Equity and liabilities
- Current portion of long-term debt -€52,500
no longer reported in 2025 (was €52,500)
Income statement
- Gross operating margin -€28,158
down €28,158 (-22.6%), from €124,638 to €96,479
- Taxes -€5,425
down €5,425 (-51.4%), from €10,553 to €5,127
- Other operating charges +€4,332
up €4,332 (+83.4%), from €5,196 to €9,529
- Financial income +€4,000
new in 2025: €4,000
of which Financial income: +€4,000
- Depreciation -€3,811
down €3,811 (-6.2%), from €61,519 to €57,707
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.
Result 2024
€25,512
Gross operating margin
-€28,158
Depreciation
+€3,811
Other operating charges
-€4,332
Financial income
+€4,000
Financial charges
+€2,009
Taxes
+€5,425
Result 2025
€8,268
Cash bridge derived
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.
From operations
+€65,507
Investment
€0
Financing
-€59,384
Cash 2024
€0
From operations (derived)
+€65,507
Net result for the year
+€8,268
Depreciation
+€57,707
Receivables within one year
-€1,827
Provisions
-€71
Trade debts
+€3,734
Tax, wage and social debts
-€9,900
Other debts
+€9,170
Accrued charges and deferred income
-€1,574
Financing
-€59,384
Current portion of long-term debt
-€52,500
Short-term financial debts
-€6,884
Cash 2025
€6,123
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,073,193 | €1,023,435 | -€49,758 | -4.6% |
| Fixed assets | 21/28 | €1,043,454 | €985,747 | -€57,707 | -5.5% |
| Tangible fixed assets | 22/27 | €1,043,454 | €985,747 | -€57,707 | -5.5% |
| Land and buildings | 22 | €1,026,022 | €970,802 | -€55,220 | -5.4% |
| Plant, machinery and equipment | 23 | €13,283 | €11,391 | -€1,892 | -14.2% |
| Furniture and vehicles | 24 | €4,149 | €3,554 | -€596 | -14.4% |
| Current assets | 29/58 | €29,738 | €37,688 | +€7,950 | +26.7% |
| Amounts receivable within one year | 40/41 | €29,056 | €30,883 | +€1,827 | +6.3% |
| Trade receivables | 40 | €21,414 | €12,010 | -€9,404 | -43.9% |
| Other amounts receivable | 41 | €7,642 | €18,873 | +€11,231 | +147.0% |
| Cash at bank and in hand | 54/58 | - | €6,123 | +€6,123 | |
| Deferred charges and accrued income | 490/1 | €683 | €683 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,073,193 | €1,023,435 | -€49,758 | -4.6% |
| Equity | 10/15 | €628,946 | €637,214 | +€8,268 | +1.3% |
| Contributions | 10/11 | €15,734 | €15,734 | = | 0.0% |
| Reserves | 13 | €612,562 | €620,424 | +€7,863 | +1.3% |
| Tax-exempt reserves | 132 | €48,157 | €48,020 | -€137 | -0.3% |
| Distributable reserves | 133 | €564,404 | €572,404 | +€8,000 | +1.4% |
| Profit (loss) carried forward | 14 | €650 | €1,055 | +€405 | +62.4% |
| Provisions and deferred taxes | 16 | €6,245 | €6,174 | -€71 | -1.1% |
| Deferred taxes | 168 | €6,245 | €6,174 | -€71 | -1.1% |
| Amounts payable | 17/49 | €438,002 | €380,047 | -€57,955 | -13.2% |
| Amounts payable after more than one year | 17 | €5,000 | €5,000 | = | 0.0% |
| Financial debts | 170/4 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €414,682 | €358,302 | -€56,381 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €52,500 | - | -€52,500 | |
| Financial debts | 43 | €6,884 | - | -€6,884 | |
| Credit institutions | 430/8 | €6,884 | - | -€6,884 | |
| Trade debts | 44 | €1,194 | €4,928 | +€3,734 | +312.8% |
| Suppliers | 440/4 | €1,194 | €4,928 | +€3,734 | +312.8% |
| Taxes, remuneration and social security | 45 | €15,423 | €5,523 | -€9,900 | -64.2% |
| Taxes | 450/3 | €15,423 | €5,523 | -€9,900 | -64.2% |
| Other amounts payable | 47/48 | €338,681 | €347,851 | +€9,170 | +2.7% |
| Accrued charges and deferred income | 492/3 | €18,319 | €16,746 | -€1,574 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,519 | €57,707 | -€3,811 | -6.2% |
| Other operating charges | 640/8 | €5,196 | €9,529 | +€4,332 | +83.4% |
| Gross operating margin | 9900 | €124,638 | €96,479 | -€28,158 | -22.6% |
| Operating profit (loss) | 9901 | €57,923 | €29,243 | -€28,679 | -49.5% |
| Financial income | 75/76B | - | €4,000 | +€4,000 | |
| Recurring financial income | 75 | - | €4,000 | +€4,000 | |
| Non-recurring financial income | 76B | - | €4,000 | +€4,000 | |
| Financial charges | 65/66B | €21,928 | €19,919 | -€2,009 | -9.2% |
| Recurring financial charges | 65 | €21,928 | €19,919 | -€2,009 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €35,994 | €13,324 | -€22,670 | -63.0% |
| Transfer from deferred taxes | 780 | €71 | €71 | = | 0.0% |
| Income taxes | 67/77 | €10,553 | €5,127 | -€5,425 | -51.4% |
| Profit (loss) for the period | 9904 | €25,512 | €8,268 | -€17,244 | -67.6% |
| Transfer from tax-exempt reserves | 789 | €137 | €137 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,650 | €8,405 | -€17,244 | -67.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.