FGTEK: 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.
FGTEK
Largest movements
- Receivables within one year +€11,675
up €11,675 (+205%), from €5,686 to €17,361
of which Trade receivables: +€12,926
- Cash +€9,950
up €9,950 (+27.4%), from €36,255 to €46,205
mainly Net result for the year (+€25,455) and Depreciation (+€15,077)
- Tangible fixed assets -€4,852
down €4,852 (-5.7%), from €85,521 to €80,669
of which Furniture and vehicles: -€6,829
- Reserves +€16,000
up €16,000 (+34.8%), from €46,000 to €62,000
- Debts after one year -€6,876
down €6,876 (-14.1%), from €48,671 to €41,795
- Tax, wage and social debts +€6,491
up €6,491 (+166%), from €3,915 to €10,407
of which Taxes: +€8,241
- Other debts +€2,962
up €2,962 (+1,156%), from €256 to €3,218
- Current portion of long-term debt -€2,390
down €2,390 (-25.8%), from €9,266 to €6,876
- Gross operating margin +€14,006
up €14,006 (+39.7%), from €35,304 to €49,309
- Taxes +€2,383
up €2,383 (+51.3%), from €4,650 to €7,033
- Depreciation +€1,036
up €1,036 (+7.4%), from €14,041 to €15,077
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 | €128,503 | €145,386 | +€16,883 | +13.1% |
| Fixed assets | 21/28 | €85,521 | €80,669 | -€4,852 | -5.7% |
| Tangible fixed assets | 22/27 | €85,521 | €80,669 | -€4,852 | -5.7% |
| Land and buildings | 22 | €50,394 | €48,034 | -€2,360 | -4.7% |
| Plant, machinery and equipment | 23 | €1,293 | €867 | -€426 | -32.9% |
| Furniture and vehicles | 24 | €33,834 | €27,006 | -€6,829 | -20.2% |
| Other tangible fixed assets | 26 | - | €4,762 | +€4,762 | |
| Current assets | 29/58 | €42,982 | €64,717 | +€21,735 | +50.6% |
| Amounts receivable within one year | 40/41 | €5,686 | €17,361 | +€11,675 | +205% |
| Trade receivables | 40 | €1,585 | €14,511 | +€12,926 | +815% |
| Other amounts receivable | 41 | €4,101 | €2,850 | -€1,251 | -30.5% |
| Cash at bank and in hand | 54/58 | €36,255 | €46,205 | +€9,950 | +27.4% |
| Deferred charges and accrued income | 490/1 | €1,041 | €1,151 | +€109 | +10.5% |
| Total equity and liabilities | 10/49 | €128,503 | €145,386 | +€16,883 | +13.1% |
| Equity | 10/15 | €65,338 | €80,793 | +€15,455 | +23.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,000 | €62,000 | +€16,000 | +34.8% |
| Distributable reserves | 133 | €46,000 | €62,000 | +€16,000 | +34.8% |
| Profit (loss) carried forward | 14 | €738 | €193 | -€545 | -73.8% |
| Amounts payable | 17/49 | €63,165 | €64,593 | +€1,428 | +2.3% |
| Amounts payable after more than one year | 17 | €48,671 | €41,795 | -€6,876 | -14.1% |
| Financial debts | 170/4 | €48,671 | €41,795 | -€6,876 | -14.1% |
| Amounts payable within one year | 42/48 | €14,494 | €22,797 | +€8,304 | +57.3% |
| Current portion of amounts payable after more than one year | 42 | €9,266 | €6,876 | -€2,390 | -25.8% |
| Trade debts | 44 | €1,056 | €2,297 | +€1,241 | +117% |
| Suppliers | 440/4 | €1,056 | €2,297 | +€1,241 | +117% |
| Taxes, remuneration and social security | 45 | €3,915 | €10,407 | +€6,491 | +166% |
| Taxes | 450/3 | €2,165 | €10,407 | +€8,241 | +381% |
| Remuneration and social security | 454/9 | €1,750 | - | -€1,750 | |
| Other amounts payable | 47/48 | €256 | €3,218 | +€2,962 | +1,156% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,041 | €15,077 | +€1,036 | +7.4% |
| Other operating charges | 640/8 | €642 | €715 | +€73 | +11.3% |
| Gross operating margin | 9900 | €35,304 | €49,309 | +€14,006 | +39.7% |
| Operating profit (loss) | 9901 | €20,621 | €33,518 | +€12,897 | +62.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.3% |
| Financial charges | 65/66B | €1,294 | €1,030 | -€264 | -20.4% |
| Recurring financial charges | 65 | €1,294 | €1,030 | -€264 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €19,327 | €32,488 | +€13,160 | +68.1% |
| Income taxes | 67/77 | €4,650 | €7,033 | +€2,383 | +51.3% |
| Profit (loss) for the period | 9904 | €14,678 | €25,455 | +€10,777 | +73.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,678 | €25,455 | +€10,777 | +73.4% |
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 13 October 2026 via checked.be.