FGLS Immo: 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.
FGLS Immo
Largest movements
- Cash -€8,718
down €8,718 (-75.3%), from €11,581 to €2,863
mainly Investment in fixed assets (net) (-€10,702) and Net result for the year (-€10,378)
- Tangible fixed assets +€6,994
up €6,994 (+72.3%), from €9,676 to €16,670
of which Furniture and vehicles: +€8,546
- Receivables within one year -€3,025
down €3,025 (-64.1%), from €4,717 to €1,693
of which Other amounts receivable: -€3,659
- Deferred charges and accrued income +€261
up €261, from €0 to €261
- Profit (loss) carried forward -€10,378
down €10,378 (-80.4%), from €12,910 to €2,532
- Debts after one year +€4,672
new in 2025: €4,672
- Current portion of long-term debt +€3,567
new in 2025: €3,567
- Tax, wage and social debts -€3,007
down €3,007 (-33.8%), from €8,908 to €5,901
of which Taxes: -€7,247
- Trade debts +€658
up €658 (+100%), from €657 to €1,315
- Gross operating margin -€2,399
down €2,399 (-89.1%), from -€2,692 to -€5,092
- Depreciation +€1,903
up €1,903 (+105%), from €1,805 to €3,708
- Financial charges +€285
up €285 (+48.9%), from €583 to €868
- Financial income -€215
down €215 (-59.2%), from €363 to €148
- Taxes +€103
up €103, from €0 to €103
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 | €25,974 | €21,487 | -€4,487 | -17.3% |
| Fixed assets | 21/28 | €9,676 | €16,670 | +€6,994 | +72.3% |
| Tangible fixed assets | 22/27 | €9,676 | €16,670 | +€6,994 | +72.3% |
| Furniture and vehicles | 24 | €1,627 | €10,174 | +€8,546 | +525% |
| Other tangible fixed assets | 26 | €8,049 | €6,496 | -€1,552 | -19.3% |
| Current assets | 29/58 | €16,298 | €4,817 | -€11,482 | -70.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €4,717 | €1,693 | -€3,025 | -64.1% |
| Trade receivables | 40 | €159 | €793 | +€634 | +399% |
| Other amounts receivable | 41 | €4,558 | €899 | -€3,659 | -80.3% |
| Cash at bank and in hand | 54/58 | €11,581 | €2,863 | -€8,718 | -75.3% |
| Deferred charges and accrued income | 490/1 | €0 | €261 | +€261 | |
| Total equity and liabilities | 10/49 | €25,974 | €21,487 | -€4,487 | -17.3% |
| Equity | 10/15 | €16,410 | €6,032 | -€10,378 | -63.2% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,910 | €2,532 | -€10,378 | -80.4% |
| Amounts payable | 17/49 | €9,565 | €15,455 | +€5,890 | +61.6% |
| Amounts payable after more than one year | 17 | - | €4,672 | +€4,672 | |
| Financial debts | 170/4 | - | €4,672 | +€4,672 | |
| Amounts payable within one year | 42/48 | €9,565 | €10,783 | +€1,218 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | - | €3,567 | +€3,567 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €657 | €1,315 | +€658 | +100% |
| Suppliers | 440/4 | €657 | €1,315 | +€658 | +100% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,908 | €5,901 | -€3,007 | -33.8% |
| Taxes | 450/3 | €8,908 | €1,661 | -€7,247 | -81.4% |
| Remuneration and social security | 454/9 | - | €4,240 | +€4,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,805 | €3,708 | +€1,903 | +105% |
| Other operating charges | 640/8 | €735 | €754 | +€19 | +2.6% |
| Gross operating margin | 9900 | -€2,692 | -€5,092 | -€2,399 | -89.1% |
| Operating profit (loss) | 9901 | -€5,233 | -€9,554 | -€4,322 | -82.6% |
| Financial income | 75/76B | €363 | €148 | -€215 | -59.2% |
| Recurring financial income | 75 | €363 | €148 | -€215 | -59.2% |
| Financial charges | 65/66B | €583 | €868 | +€285 | +48.9% |
| Recurring financial charges | 65 | €583 | €868 | +€285 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,453 | -€10,274 | -€4,822 | -88.4% |
| Income taxes | 67/77 | €0 | €103 | +€103 | |
| Profit (loss) for the period | 9904 | -€5,453 | -€10,378 | -€4,925 | -90.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,453 | -€10,378 | -€4,925 | -90.3% |
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 20 October 2026 via checked.be.