FGLOGO: 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.
FGLOGO
Largest movements
- Tangible fixed assets -€29,829
down €29,829 (-3.6%), from €835,736 to €805,907
of which Land and buildings: -€29,418
- Cash +€11,308
up €11,308 (+34.9%), from €32,427 to €43,734
mainly Net result for the year (+€43,789) and Depreciation (+€33,063)
- Debts after one year -€60,671
down €60,671 (-9.9%), from €609,953 to €549,283
- Profit (loss) carried forward +€43,789
up €43,789 (+78.6%), from €55,687 to €99,476
- Short-term financial debts +€8,815
new in 2025: €8,815
- Gross operating margin +€13,740
up €13,740 (+13.4%), from €102,173 to €115,913
- Taxes +€11,092
up €11,092 (+281.9%), from €3,935 to €15,028
- Other operating charges +€5,383
up €5,383 (+91.3%), from €5,896 to €11,279
- Financial charges -€1,750
down €1,750 (-12.0%), from €14,537 to €12,787
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €871,174 | €853,873 | -€17,301 | -2.0% |
| Fixed assets | 21/28 | €837,223 | €807,152 | -€30,070 | -3.6% |
| Intangible fixed assets | 21 | €487 | €245 | -€241 | -49.6% |
| Tangible fixed assets | 22/27 | €835,736 | €805,907 | -€29,829 | -3.6% |
| Land and buildings | 22 | €821,611 | €792,193 | -€29,418 | -3.6% |
| Plant, machinery and equipment | 23 | €12,733 | €12,724 | -€9 | -0.1% |
| Furniture and vehicles | 24 | €1,392 | €990 | -€402 | -28.9% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €33,951 | €46,720 | +€12,769 | +37.6% |
| Cash at bank and in hand | 54/58 | €32,427 | €43,734 | +€11,308 | +34.9% |
| Deferred charges and accrued income | 490/1 | €1,525 | €2,986 | +€1,461 | +95.8% |
| Total equity and liabilities | 10/49 | €871,174 | €853,873 | -€17,301 | -2.0% |
| Equity | 10/15 | €75,687 | €119,476 | +€43,789 | +57.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,687 | €99,476 | +€43,789 | +78.6% |
| Amounts payable | 17/49 | €795,487 | €734,397 | -€61,090 | -7.7% |
| Amounts payable after more than one year | 17 | €609,953 | €549,283 | -€60,671 | -9.9% |
| Financial debts | 170/4 | €609,953 | €549,283 | -€60,671 | -9.9% |
| Amounts payable within one year | 42/48 | €184,808 | €184,365 | -€443 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €60,475 | €60,671 | +€196 | +0.3% |
| Financial debts | 43 | - | €8,815 | +€8,815 | |
| Credit institutions | 430/8 | - | €8,815 | +€8,815 | |
| Trade debts | 44 | €13,633 | €13,887 | +€254 | +1.9% |
| Suppliers | 440/4 | €13,633 | €13,887 | +€254 | +1.9% |
| Taxes, remuneration and social security | 45 | €3,935 | €28 | -€3,908 | -99.3% |
| Taxes | 450/3 | €3,935 | €28 | -€3,908 | -99.3% |
| Other amounts payable | 47/48 | €106,765 | €100,965 | -€5,800 | -5.4% |
| Accrued charges and deferred income | 492/3 | €726 | €749 | +€23 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,479 | €33,063 | +€584 | +1.8% |
| Other operating charges | 640/8 | €5,896 | €11,279 | +€5,383 | +91.3% |
| Gross operating margin | 9900 | €102,173 | €115,913 | +€13,740 | +13.4% |
| Operating profit (loss) | 9901 | €63,798 | €71,571 | +€7,773 | +12.2% |
| Financial income | 75/76B | €24 | €32 | +€8 | +32.2% |
| Recurring financial income | 75 | €24 | €32 | +€8 | +32.2% |
| Financial charges | 65/66B | €14,537 | €12,787 | -€1,750 | -12.0% |
| Recurring financial charges | 65 | €14,537 | €12,787 | -€1,750 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €49,285 | €58,817 | +€9,531 | +19.3% |
| Income taxes | 67/77 | €3,935 | €15,028 | +€11,092 | +281.9% |
| Profit (loss) for the period | 9904 | €45,350 | €43,789 | -€1,561 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,350 | €43,789 | -€1,561 | -3.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.