FGPO: what changed
What changed
FGPO
NACE 55.203, Holiday cottages, homes and apartments
filed annual accounts (NBB)
Net result for the year
€962
2024 · -€1,385+€2,347
Equity
€15,959
2024 · €14,997+€962
Cash
€357
2024 · €661-€303
Balance sheet total
€78,286
2024 · €61,030+€17,256
Largest movements
Assets
- Receivables within one year +€14,620
up €14,620 (+128%), from €11,433 to €26,052
of which Trade receivables: +€16,144
- Stocks and contracts +€7,078
up €7,078 (+34.7%), from €20,384 to €27,462
- Tangible fixed assets -€3,780
down €3,780 (-14.6%), from €25,932 to €22,153
of which Furniture and vehicles: -€3,539
Equity and liabilities
- Trade debts +€9,306
up €9,306 (+188%), from €4,939 to €14,244
- Other debts +€8,910
up €8,910 (+24.5%), from €36,346 to €45,256
- Debts after one year -€1,473
no longer reported in 2025 (was €1,473)
- Current portion of long-term debt -€1,347
down €1,347 (-47.8%), from €2,820 to €1,473
- Profit (loss) carried forward +€962
up €962 (+19.2%), from €4,997 to €5,959
Income statement
- Gross operating margin +€2,518
up €2,518 (+29.8%), from €8,460 to €10,978
- Depreciation +€821
up €821 (+10.8%), from €7,591 to €8,412
- Other operating charges -€669
down €669 (-38.2%), from €1,752 to €1,083
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€1,385
Gross operating margin
+€2,518
Depreciation
-€821
Other operating charges
+€669
Financial income
+€101
Financial charges
-€49
Taxes
-€70
Result 2025
€962
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€7,148
Investment
-€4,632
Financing
-€2,820
Cash 2024
€661
From operations (derived)
+€7,148
Net result for the year
+€962
Depreciation
+€8,412
Stocks and contracts
-€7,078
Receivables within one year
-€14,620
Deferred charges and accrued income
+€359
Trade debts
+€9,306
Tax, wage and social debts
+€896
Other debts
+€8,910
Accrued charges and deferred income
+€1
Investment (derived)
-€4,632
Investment in fixed assets (net)
-€4,632
Financing
-€2,820
Debts after one year
-€1,473
Current portion of long-term debt
-€1,347
Cash 2025
€357
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,030 | €78,286 | +€17,256 | +28.3% |
| Fixed assets | 21/28 | €26,632 | €22,853 | -€3,780 | -14.2% |
| Tangible fixed assets | 22/27 | €25,932 | €22,153 | -€3,780 | -14.6% |
| Plant, machinery and equipment | 23 | €13,009 | €12,978 | -€30 | -0.2% |
| Furniture and vehicles | 24 | €11,230 | €7,691 | -€3,539 | -31.5% |
| Other tangible fixed assets | 26 | €1,693 | €1,483 | -€210 | -12.4% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €34,398 | €55,433 | +€21,035 | +61.2% |
| Stocks and contracts in progress | 3 | €20,384 | €27,462 | +€7,078 | +34.7% |
| Stocks | 30/36 | €20,384 | €27,462 | +€7,078 | +34.7% |
| Amounts receivable within one year | 40/41 | €11,433 | €26,052 | +€14,620 | +128% |
| Trade receivables | 40 | €9,908 | €26,052 | +€16,144 | +163% |
| Other amounts receivable | 41 | €1,525 | - | -€1,525 | |
| Cash at bank and in hand | 54/58 | €661 | €357 | -€303 | -45.9% |
| Deferred charges and accrued income | 490/1 | €1,920 | €1,561 | -€359 | -18.7% |
| Total equity and liabilities | 10/49 | €61,030 | €78,286 | +€17,256 | +28.3% |
| Equity | 10/15 | €14,997 | €15,959 | +€962 | +6.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,997 | €5,959 | +€962 | +19.2% |
| Amounts payable | 17/49 | €46,032 | €62,326 | +€16,294 | +35.4% |
| Amounts payable after more than one year | 17 | €1,473 | - | -€1,473 | |
| Financial debts | 170/4 | €1,473 | - | -€1,473 | |
| Amounts payable within one year | 42/48 | €44,353 | €62,119 | +€17,766 | +40.1% |
| Current portion of amounts payable after more than one year | 42 | €2,820 | €1,473 | -€1,347 | -47.8% |
| Trade debts | 44 | €4,939 | €14,244 | +€9,306 | +188% |
| Suppliers | 440/4 | €4,939 | €14,244 | +€9,306 | +188% |
| Taxes, remuneration and social security | 45 | €249 | €1,145 | +€896 | +360% |
| Taxes | 450/3 | €249 | €1,145 | +€896 | +360% |
| Other amounts payable | 47/48 | €36,346 | €45,256 | +€8,910 | +24.5% |
| Accrued charges and deferred income | 492/3 | €206 | €208 | +€1 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,591 | €8,412 | +€821 | +10.8% |
| Other operating charges | 640/8 | €1,752 | €1,083 | -€669 | -38.2% |
| Gross operating margin | 9900 | €8,460 | €10,978 | +€2,518 | +29.8% |
| Operating profit (loss) | 9901 | -€883 | €1,483 | +€2,365 | |
| Financial income | 75/76B | €0 | €101 | +€101 | +20,956% |
| Recurring financial income | 75 | €0 | €101 | +€101 | +20,956% |
| Financial charges | 65/66B | €503 | €552 | +€49 | +9.8% |
| Recurring financial charges | 65 | €503 | €552 | +€49 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,385 | €1,032 | +€2,417 | |
| Income taxes | 67/77 | - | €70 | +€70 | |
| Profit (loss) for the period | 9904 | -€1,385 | €962 | +€2,347 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,385 | €962 | +€2,347 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.