FGSK: 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.
FGSK
Largest movements
- Cash -€19,243
down €19,243 (-37.7%), from €51,081 to €31,838
mainly Other debts (-€32,230) and Debts after one year (-€15,596)
- Tangible fixed assets -€15,392
down €15,392 (-8.3%), from €185,333 to €169,941
- Receivables within one year +€14,685
up €14,685 (+89.7%), from €16,372 to €31,056
of which Trade receivables: +€14,872
- Other debts -€32,230
down €32,230 (-52.3%), from €61,674 to €29,444
- Reserves +€27,579
up €27,579 (+56.2%), from €49,039 to €76,617
- Debts after one year -€15,596
down €15,596 (-14.6%), from €107,032 to €91,436
No income-statement line moved by more than 1% of the activity.
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 | €252,786 | €232,835 | -€19,951 | -7.9% |
| Fixed assets | 21/28 | €185,333 | €169,941 | -€15,392 | -8.3% |
| Tangible fixed assets | 22/27 | €185,333 | €169,941 | -€15,392 | -8.3% |
| Land and buildings | 22 | €185,333 | €169,941 | -€15,392 | -8.3% |
| Current assets | 29/58 | €67,452 | €62,894 | -€4,558 | -6.8% |
| Amounts receivable within one year | 40/41 | €16,372 | €31,056 | +€14,685 | +89.7% |
| Trade receivables | 40 | €13,524 | €28,397 | +€14,872 | +110% |
| Other amounts receivable | 41 | €2,848 | €2,660 | -€188 | -6.6% |
| Cash at bank and in hand | 54/58 | €51,081 | €31,838 | -€19,243 | -37.7% |
| Total equity and liabilities | 10/49 | €252,786 | €232,835 | -€19,951 | -7.9% |
| Equity | 10/15 | €67,639 | €95,217 | +€27,579 | +40.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,039 | €76,617 | +€27,579 | +56.2% |
| Distributable reserves | 133 | €49,039 | €76,617 | +€27,579 | +56.2% |
| Amounts payable | 17/49 | €185,147 | €137,618 | -€47,529 | -25.7% |
| Amounts payable after more than one year | 17 | €107,032 | €91,436 | -€15,596 | -14.6% |
| Financial debts | 170/4 | €107,032 | €91,436 | -€15,596 | -14.6% |
| Amounts payable within one year | 42/48 | €78,116 | €46,182 | -€31,933 | -40.9% |
| Current portion of amounts payable after more than one year | 42 | €15,295 | €15,596 | +€301 | +2.0% |
| Trade debts | 44 | €384 | €400 | +€15 | +4.0% |
| Suppliers | 440/4 | €384 | €400 | +€15 | +4.0% |
| Taxes, remuneration and social security | 45 | €763 | €743 | -€20 | -2.6% |
| Taxes | 450/3 | €763 | €743 | -€20 | -2.6% |
| Other amounts payable | 47/48 | €61,674 | €29,444 | -€32,230 | -52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,912 | €15,392 | -€520 | -3.3% |
| Other operating charges | 640/8 | €3,140 | €3,583 | +€443 | +14.1% |
| Gross operating margin | 9900 | €57,822 | €58,251 | +€429 | +0.7% |
| Operating profit (loss) | 9901 | €38,770 | €39,276 | +€506 | +1.3% |
| Financial charges | 65/66B | €2,653 | €2,357 | -€296 | -11.1% |
| Recurring financial charges | 65 | €2,653 | €2,357 | -€296 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €36,117 | €36,919 | +€802 | +2.2% |
| Income taxes | 67/77 | €9,152 | €9,340 | +€188 | +2.1% |
| Profit (loss) for the period | 9904 | €26,965 | €27,579 | +€614 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,965 | €27,579 | +€614 | +2.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.