FIGEC: 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.
FIGEC
Largest movements
- Cash +€162,159
up €162,159 (+101.6%), from €159,633 to €321,792
mainly Current investments (+€105,100) and Accrued charges and deferred income (+€84,714)
- Current investments -€105,100
no longer reported in 2025 (was €105,100)
- Tangible fixed assets -€37,537
down €37,537 (-14.4%), from €260,711 to €223,174
of which Land and buildings: -€24,304
- Receivables within one year -€13,032
down €13,032 (-11.7%), from €111,157 to €98,126
of which Trade receivables: -€45,021
- Accrued charges and deferred income +€84,714
up €84,714 (+11295.2%), from €750 to €85,464
- Trade debts -€28,634
down €28,634 (-45.6%), from €62,787 to €34,153
- Tax, wage and social debts -€13,468
down €13,468 (-23.9%), from €56,429 to €42,961
of which Taxes: -€11,772
- Debts after one year -€12,636
down €12,636 (-21.3%), from €59,233 to €46,597
- Other debts -€12,573
no longer reported in 2025 (was €12,573)
- Staff costs +€63,474
up €63,474 (+29.4%), from €215,886 to €279,361
- Gross operating margin -€37,131
down €37,131 (-10.2%), from €363,108 to €325,977
- Taxes -€34,689
down €34,689 (-98.0%), from €35,380 to €691
- Financial income -€5,710
down €5,710 (-58.4%), from €9,780 to €4,070
- Write-downs +€4,000
new in 2025: €4,000
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 | €637,236 | €646,767 | +€9,531 | +1.5% |
| Fixed assets | 21/28 | €260,804 | €223,234 | -€37,570 | -14.4% |
| Tangible fixed assets | 22/27 | €260,711 | €223,174 | -€37,537 | -14.4% |
| Land and buildings | 22 | €200,164 | €175,860 | -€24,304 | -12.1% |
| Furniture and vehicles | 24 | €19,130 | €11,087 | -€8,043 | -42.0% |
| Other tangible fixed assets | 26 | €41,416 | €36,226 | -€5,190 | -12.5% |
| Financial fixed assets | 28 | €93 | €60 | -€33 | -35.7% |
| Current assets | 29/58 | €376,432 | €423,533 | +€47,101 | +12.5% |
| Amounts receivable within one year | 40/41 | €111,157 | €98,126 | -€13,032 | -11.7% |
| Trade receivables | 40 | €111,157 | €66,136 | -€45,021 | -40.5% |
| Other amounts receivable | 41 | - | €31,990 | +€31,990 | |
| Current investments | 50/53 | €105,100 | - | -€105,100 | |
| Cash at bank and in hand | 54/58 | €159,633 | €321,792 | +€162,159 | +101.6% |
| Deferred charges and accrued income | 490/1 | €542 | €3,615 | +€3,073 | +567.1% |
| Total equity and liabilities | 10/49 | €637,236 | €646,767 | +€9,531 | +1.5% |
| Equity | 10/15 | €431,230 | €423,911 | -€7,319 | -1.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Revaluation surpluses | 12 | €5,272 | - | -€5,272 | |
| Reserves | 13 | €399,973 | €399,973 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,473 | €2,473 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,473 | €2,473 | = | 0.0% |
| Distributable reserves | 133 | €397,500 | €397,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,985 | €3,938 | -€2,047 | -34.2% |
| Amounts payable | 17/49 | €206,006 | €222,856 | +€16,849 | +8.2% |
| Amounts payable after more than one year | 17 | €59,233 | €46,597 | -€12,636 | -21.3% |
| Financial debts | 170/4 | €59,233 | €46,597 | -€12,636 | -21.3% |
| Amounts payable within one year | 42/48 | €146,024 | €90,795 | -€55,229 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €14,235 | €13,682 | -€553 | -3.9% |
| Trade debts | 44 | €62,787 | €34,153 | -€28,634 | -45.6% |
| Suppliers | 440/4 | €62,787 | €34,153 | -€28,634 | -45.6% |
| Taxes, remuneration and social security | 45 | €56,429 | €42,961 | -€13,468 | -23.9% |
| Taxes | 450/3 | €23,263 | €11,491 | -€11,772 | -50.6% |
| Remuneration and social security | 454/9 | €33,165 | €31,470 | -€1,696 | -5.1% |
| Other amounts payable | 47/48 | €12,573 | - | -€12,573 | |
| Accrued charges and deferred income | 492/3 | €750 | €85,464 | +€84,714 | +11295.2% |
| Remuneration, social security and pensions | 62 | €215,886 | €279,361 | +€63,474 | +29.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,553 | €37,537 | +€1,983 | +5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,000 | +€4,000 | |
| Other operating charges | 640/8 | €7,583 | €8,788 | +€1,204 | +15.9% |
| Gross operating margin | 9900 | €363,108 | €325,977 | -€37,131 | -10.2% |
| Operating profit (loss) | 9901 | €104,085 | -€3,708 | -€107,793 | |
| Financial income | 75/76B | €9,780 | €4,070 | -€5,710 | -58.4% |
| Recurring financial income | 75 | €9,780 | €4,070 | -€5,710 | -58.4% |
| Financial charges | 65/66B | €2,982 | €1,718 | -€1,264 | -42.4% |
| Recurring financial charges | 65 | €2,982 | €1,718 | -€1,264 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €110,883 | -€1,356 | -€112,239 | |
| Income taxes | 67/77 | €35,380 | €691 | -€34,689 | -98.0% |
| Profit (loss) for the period | 9904 | €75,503 | -€2,047 | -€77,550 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,503 | -€2,047 | -€77,550 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.