FGR-DB: 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.
FGR-DB
Largest movements
- Cash -€225,326
down €225,326 (-31.4%), from €718,295 to €492,969
mainly Other debts (-€251,208) and Contributions, distributions and other (-€142,342)
- Deferred charges and accrued income +€31,693
up €31,693 (+29.8%), from €106,527 to €138,220
- Current investments -€25,000
down €25,000 (-33.3%), from €75,000 to €50,000
- Receivables within one year +€13,143
up €13,143 (+10.4%), from €126,409 to €139,553
- Other debts -€251,208
down €251,208 (-51.9%), from €484,091 to €232,883
- Reserves +€67,916
up €67,916 (+13.9%), from €488,423 to €556,340
- Tax, wage and social debts -€18,125
down €18,125 (-42.5%), from €42,616 to €24,491
- Gross operating margin +€17,156
up €17,156 (+6.0%), from €287,217 to €304,372
- Taxes +€6,308
up €6,308 (+7.3%), from €86,179 to €92,486
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,028,942 | €827,449 | -€201,492 | -19.6% |
| Fixed assets | 21/28 | €2,710 | €1,707 | -€1,003 | -37.0% |
| Tangible fixed assets | 22/27 | €1,910 | €907 | -€1,003 | -52.5% |
| Furniture and vehicles | 24 | €1,910 | €907 | -€1,003 | -52.5% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €1,026,232 | €825,742 | -€200,490 | -19.5% |
| Amounts receivable after more than one year | 29 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 291 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €126,409 | €139,553 | +€13,143 | +10.4% |
| Other amounts receivable | 41 | €126,409 | €139,553 | +€13,143 | +10.4% |
| Current investments | 50/53 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €718,295 | €492,969 | -€225,326 | -31.4% |
| Deferred charges and accrued income | 490/1 | €106,527 | €138,220 | +€31,693 | +29.8% |
| Total equity and liabilities | 10/49 | €1,028,942 | €827,449 | -€201,492 | -19.6% |
| Equity | 10/15 | €500,823 | €568,740 | +€67,916 | +13.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €488,423 | €556,340 | +€67,916 | +13.9% |
| Distributable reserves | 133 | €488,423 | €556,340 | +€67,916 | +13.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €528,118 | €258,709 | -€269,409 | -51.0% |
| Amounts payable within one year | 42/48 | €527,626 | €258,709 | -€268,917 | -51.0% |
| Trade debts | 44 | €920 | €1,335 | +€416 | +45.2% |
| Suppliers | 440/4 | €920 | €1,335 | +€416 | +45.2% |
| Taxes, remuneration and social security | 45 | €42,616 | €24,491 | -€18,125 | -42.5% |
| Taxes | 450/3 | €42,616 | €24,491 | -€18,125 | -42.5% |
| Other amounts payable | 47/48 | €484,091 | €232,883 | -€251,208 | -51.9% |
| Accrued charges and deferred income | 492/3 | €492 | €0 | -€492 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,169 | €1,003 | -€166 | -14.2% |
| Other operating charges | 640/8 | €1,325 | €1,414 | +€89 | +6.8% |
| Gross operating margin | 9900 | €287,217 | €304,372 | +€17,156 | +6.0% |
| Operating profit (loss) | 9901 | €284,723 | €301,956 | +€17,233 | +6.1% |
| Financial income | 75/76B | €7,467 | €8,310 | +€843 | +11.3% |
| Recurring financial income | 75 | €7,467 | €8,310 | +€843 | +11.3% |
| Financial charges | 65/66B | €8,712 | €7,521 | -€1,190 | -13.7% |
| Recurring financial charges | 65 | €8,712 | €7,521 | -€1,190 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €283,479 | €302,744 | +€19,266 | +6.8% |
| Income taxes | 67/77 | €86,179 | €92,486 | +€6,308 | +7.3% |
| Profit (loss) for the period | 9904 | €197,300 | €210,258 | +€12,958 | +6.6% |
| Profit (loss) for the period to be appropriated | 9905 | €197,300 | €210,258 | +€12,958 | +6.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.