FGST: 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.
FGST
Largest movements
- Receivables within one year +€17,899
up €17,899 (+4.7%), from €378,080 to €395,979
of which Other amounts receivable: +€17,899
- Tangible fixed assets -€17,664
down €17,664 (-2.2%), from €800,406 to €782,742
of which Land and buildings: -€18,577
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€3,192
down €3,192 (-13.1%), from €24,287 to €21,095
- Gross operating margin -€2,790
down €2,790 (-11.1%), from €25,075 to €22,285
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,186,565 | €1,186,800 | +€235 | 0.0% |
| Fixed assets | 21/28 | €808,486 | €790,822 | -€17,664 | -2.2% |
| Tangible fixed assets | 22/27 | €800,406 | €782,742 | -€17,664 | -2.2% |
| Land and buildings | 22 | €799,727 | €781,150 | -€18,577 | -2.3% |
| Furniture and vehicles | 24 | €679 | €1,592 | +€914 | +135% |
| Financial fixed assets | 28 | €8,080 | €8,080 | = | 0.0% |
| Current assets | 29/58 | €378,080 | €395,979 | +€17,899 | +4.7% |
| Amounts receivable within one year | 40/41 | €378,080 | €395,979 | +€17,899 | +4.7% |
| Trade receivables | 40 | €163,927 | €163,927 | = | 0.0% |
| Other amounts receivable | 41 | €214,153 | €232,051 | +€17,899 | +8.4% |
| Total equity and liabilities | 10/49 | €1,186,565 | €1,186,800 | +€235 | 0.0% |
| Equity | 10/15 | €66,199 | €59,702 | -€6,497 | -9.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €343,255 | €343,255 | = | 0.0% |
| Reserves | 13 | €71,235 | €71,235 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €68,735 | €68,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€373,290 | -€379,787 | -€6,497 | -1.7% |
| Amounts payable | 17/49 | €1,120,366 | €1,127,098 | +€6,732 | +0.6% |
| Amounts payable after more than one year | 17 | €799,200 | €799,200 | = | 0.0% |
| Financial debts | 170/4 | €799,200 | €799,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | - | €2,736 | +€2,736 | |
| Taxes, remuneration and social security | 45 | - | €2,736 | +€2,736 | |
| Taxes | 450/3 | - | €2,736 | +€2,736 | |
| Accrued charges and deferred income | 492/3 | €321,166 | €325,162 | +€3,996 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,287 | €21,095 | -€3,192 | -13.1% |
| Other operating charges | 640/8 | €3,763 | €3,691 | -€72 | -1.9% |
| Gross operating margin | 9900 | €25,075 | €22,285 | -€2,790 | -11.1% |
| Operating profit (loss) | 9901 | -€2,975 | -€2,501 | +€474 | +15.9% |
| Financial charges | 65/66B | €3,996 | €3,996 | = | 0.0% |
| Recurring financial charges | 65 | €3,996 | €3,996 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,971 | -€6,497 | +€474 | +6.8% |
| Profit (loss) for the period | 9904 | -€6,971 | -€6,497 | +€474 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,971 | -€6,497 | +€474 | +6.8% |
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 16 October 2026 via checked.be.