FIGARO: 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.
FIGARO
Largest movements
- Tangible fixed assets -€6,942
down €6,942 (-19.3%), from €35,895 to €28,953
of which Furniture and vehicles: -€8,401
- Stocks and contracts +€6,840
up €6,840 (+24.8%), from €27,596 to €34,436
- Receivables within one year -€3,299
down €3,299 (-95.4%), from €3,459 to €160
of which Other amounts receivable: -€2,525
- Reserves +€14,113
up €14,113 (+13.9%), from €101,302 to €115,416
- Other debts -€9,337
down €9,337 (-43.2%), from €21,605 to €12,267
- Tax, wage and social debts -€5,013
down €5,013 (-23.5%), from €21,350 to €16,337
of which Remuneration and social security: -€9,798
- Debts after one year -€4,035
down €4,035 (-35.1%), from €11,510 to €7,476
- Trade debts -€1,995
down €1,995 (-66.8%), from €2,987 to €992
- Gross operating margin -€27,061
down €27,061 (-17.1%), from €158,326 to €131,265
- Staff costs -€15,011
down €15,011 (-14.4%), from €103,990 to €88,979
- Taxes +€3,627
up €3,627 (+66.6%), from €5,449 to €9,075
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.
Cash bridge derived
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 | €181,217 | €176,463 | -€4,754 | -2.6% |
| Fixed assets | 21/28 | €35,895 | €28,953 | -€6,942 | -19.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €35,895 | €28,953 | -€6,942 | -19.3% |
| Land and buildings | 22 | €9,712 | €9,962 | +€250 | +2.6% |
| Plant, machinery and equipment | 23 | €3,234 | €4,444 | +€1,210 | +37.4% |
| Furniture and vehicles | 24 | €22,949 | €14,547 | -€8,401 | -36.6% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €145,322 | €147,510 | +€2,188 | +1.5% |
| Stocks and contracts in progress | 3 | €27,596 | €34,436 | +€6,840 | +24.8% |
| Stocks | 30/36 | €27,596 | €34,436 | +€6,840 | +24.8% |
| Amounts receivable within one year | 40/41 | €3,459 | €160 | -€3,299 | -95.4% |
| Trade receivables | 40 | €775 | - | -€775 | |
| Other amounts receivable | 41 | €2,685 | €160 | -€2,525 | -94.0% |
| Cash at bank and in hand | 54/58 | €110,700 | €109,312 | -€1,388 | -1.3% |
| Deferred charges and accrued income | 490/1 | €3,566 | €3,602 | +€35 | +1.0% |
| Total equity and liabilities | 10/49 | €181,217 | €176,463 | -€4,754 | -2.6% |
| Equity | 10/15 | €119,894 | €134,008 | +€14,113 | +11.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €101,302 | €115,416 | +€14,113 | +13.9% |
| Distributable reserves | 133 | €101,302 | €115,416 | +€14,113 | +13.9% |
| Amounts payable | 17/49 | €61,322 | €42,455 | -€18,867 | -30.8% |
| Amounts payable after more than one year | 17 | €11,510 | €7,476 | -€4,035 | -35.1% |
| Financial debts | 170/4 | €11,510 | €7,476 | -€4,035 | -35.1% |
| Amounts payable within one year | 42/48 | €49,812 | €34,980 | -€14,832 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €3,871 | €5,384 | +€1,513 | +39.1% |
| Trade debts | 44 | €2,987 | €992 | -€1,995 | -66.8% |
| Suppliers | 440/4 | €2,987 | €992 | -€1,995 | -66.8% |
| Taxes, remuneration and social security | 45 | €21,350 | €16,337 | -€5,013 | -23.5% |
| Taxes | 450/3 | €7,298 | €12,084 | +€4,786 | +65.6% |
| Remuneration and social security | 454/9 | €14,052 | €4,253 | -€9,798 | -69.7% |
| Other amounts payable | 47/48 | €21,605 | €12,267 | -€9,337 | -43.2% |
| Remuneration, social security and pensions | 62 | €103,990 | €88,979 | -€15,011 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,031 | €11,416 | +€385 | +3.5% |
| Other operating charges | 640/8 | €1,959 | €1,503 | -€456 | -23.3% |
| Gross operating margin | 9900 | €158,326 | €131,265 | -€27,061 | -17.1% |
| Operating profit (loss) | 9901 | €41,345 | €29,366 | -€11,979 | -29.0% |
| Financial income | 75/76B | €41 | €365 | +€324 | +781.0% |
| Recurring financial income | 75 | €41 | €365 | +€324 | +781.0% |
| Financial charges | 65/66B | €3,925 | €3,117 | -€807 | -20.6% |
| Recurring financial charges | 65 | €3,925 | €3,117 | -€807 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €37,462 | €26,614 | -€10,848 | -29.0% |
| Income taxes | 67/77 | €5,449 | €9,075 | +€3,627 | +66.6% |
| Profit (loss) for the period | 9904 | €32,014 | €17,539 | -€14,475 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,014 | €17,539 | -€14,475 | -45.2% |
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 11 October 2026 via checked.be.