FIGARO: what changed
Two fiscal 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
- Receivables within one year -€63,713
down €63,713 (-93.7%), from €68,007 to €4,293
of which Trade receivables: -€64,859
- Deferred charges and accrued income +€7,053
new in 2025: €7,053
- Tangible fixed assets +€3,568
up €3,568 (+8.6%), from €41,560 to €45,129
of which Other tangible fixed assets: +€4,557
- Trade debts -€38,819
down €38,819 (-81.9%), from €47,371 to €8,552
- Debts after one year -€10,039
down €10,039 (-34.8%), from €28,876 to €18,838
- Tax, wage and social debts -€3,092
down €3,092 (-78.6%), from €3,933 to €841
- Other debts -€2,190
down €2,190 (-5.0%), from €43,474 to €41,284
- Profit (loss) carried forward +€1,565
up €1,565 (+6.1%), from -€25,630 to -€24,065
- Gross operating margin +€21,108
up €21,108, from -€6,969 to €14,139
- Financial charges -€3,364
down €3,364 (-40.6%), from €8,282 to €4,918
- Other operating charges -€2,461
down €2,461 (-66.6%), from €3,696 to €1,235
- Depreciation -€761
down €761 (-12.3%), from €6,187 to €5,425
- Taxes -€410
down €410 (-73.9%), from €554 to €145
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 | €110,569 | €58,490 | -€52,079 | -47.1% |
| Fixed assets | 21/28 | €41,560 | €45,129 | +€3,568 | +8.6% |
| Tangible fixed assets | 22/27 | €41,560 | €45,129 | +€3,568 | +8.6% |
| Plant, machinery and equipment | 23 | €41,560 | €40,571 | -€989 | -2.4% |
| Other tangible fixed assets | 26 | - | €4,557 | +€4,557 | |
| Current assets | 29/58 | €69,008 | €13,361 | -€55,647 | -80.6% |
| Amounts receivable within one year | 40/41 | €68,007 | €4,293 | -€63,713 | -93.7% |
| Trade receivables | 40 | €67,404 | €2,546 | -€64,859 | -96.2% |
| Other amounts receivable | 41 | €602 | €1,748 | +€1,145 | +190.1% |
| Cash at bank and in hand | 54/58 | €1,002 | €2,014 | +€1,013 | +101.1% |
| Deferred charges and accrued income | 490/1 | - | €7,053 | +€7,053 | |
| Total equity and liabilities | 10/49 | €110,569 | €58,490 | -€52,079 | -47.1% |
| Equity | 10/15 | -€22,630 | -€21,065 | +€1,565 | +6.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,630 | -€24,065 | +€1,565 | +6.1% |
| Amounts payable | 17/49 | €133,198 | €79,554 | -€53,644 | -40.3% |
| Amounts payable after more than one year | 17 | €28,876 | €18,838 | -€10,039 | -34.8% |
| Financial debts | 170/4 | €28,876 | €18,838 | -€10,039 | -34.8% |
| Amounts payable within one year | 42/48 | €104,322 | €60,716 | -€43,606 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €9,543 | €10,039 | +€496 | +5.2% |
| Trade debts | 44 | €47,371 | €8,552 | -€38,819 | -81.9% |
| Suppliers | 440/4 | €47,371 | €8,552 | -€38,819 | -81.9% |
| Taxes, remuneration and social security | 45 | €3,933 | €841 | -€3,092 | -78.6% |
| Taxes | 450/3 | €3,933 | €841 | -€3,092 | -78.6% |
| Other amounts payable | 47/48 | €43,474 | €41,284 | -€2,190 | -5.0% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,187 | €5,425 | -€761 | -12.3% |
| Other operating charges | 640/8 | €3,696 | €1,235 | -€2,461 | -66.6% |
| Non-recurring operating charges | 66A | - | €887 | +€887 | |
| Gross operating margin | 9900 | -€6,969 | €14,139 | +€21,108 | |
| Operating profit (loss) | 9901 | -€16,851 | €6,593 | +€23,444 | |
| Financial income | 75/76B | €58 | €35 | -€23 | -39.8% |
| Recurring financial income | 75 | €58 | €35 | -€23 | -39.8% |
| Financial charges | 65/66B | €8,282 | €4,918 | -€3,364 | -40.6% |
| Recurring financial charges | 65 | €8,282 | €4,918 | -€3,364 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,075 | €1,709 | +€26,785 | |
| Income taxes | 67/77 | €554 | €145 | -€410 | -73.9% |
| Profit (loss) for the period | 9904 | -€25,630 | €1,565 | +€27,194 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,630 | €1,565 | +€27,194 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.