FIGECO: 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.
FIGECO
Largest movements
- Receivables within one year -€6,422
down €6,422 (-18.1%), from €35,500 to €29,078
- Cash +€1,640
up €1,640 (+48.7%), from €3,367 to €5,007
mainly Other debts (+€25,551) and Receivables within one year (+€6,422)
- Profit (loss) carried forward -€28,203
down €28,203 (-35.7%), from -€78,960 to -€107,163
- Other debts +€25,551
up €25,551 (+26.4%), from €96,842 to €122,393
- Trade debts -€1,186
no longer reported in 2025 (was €1,186)
- Tax, wage and social debts -€1,009
down €1,009 (-17.1%), from €5,906 to €4,898
of which Remuneration and social security: -€2,053
- Gross operating margin -€30,877
down €30,877 (-79.7%), from €38,736 to €7,860
- Staff costs -€3,120
down €3,120 (-8.3%), from €37,710 to €34,590
- Turnover -€2,696
down €2,696 (-20.1%), from €13,442 to €10,746
- Purchases and services -€2,300
down €2,300 (-23.9%), from €9,631 to €7,331
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 | €44,279 | €39,433 | -€4,847 | -10.9% |
| Fixed assets | 21/28 | €5,412 | €5,347 | -€65 | -1.2% |
| Tangible fixed assets | 22/27 | €5,362 | €5,347 | -€15 | -0.3% |
| Plant, machinery and equipment | 23 | €2,684 | €2,805 | +€121 | +4.5% |
| Furniture and vehicles | 24 | €2,678 | €2,542 | -€136 | -5.1% |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €38,867 | €34,085 | -€4,782 | -12.3% |
| Amounts receivable within one year | 40/41 | €35,500 | €29,078 | -€6,422 | -18.1% |
| Trade receivables | 40 | €35,500 | €29,078 | -€6,422 | -18.1% |
| Cash at bank and in hand | 54/58 | €3,367 | €5,007 | +€1,640 | +48.7% |
| Total equity and liabilities | 10/49 | €44,279 | €39,433 | -€4,847 | -10.9% |
| Equity | 10/15 | -€59,655 | -€87,858 | -€28,203 | -47.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €705 | €705 | = | 0.0% |
| Non-distributable reserves | 130/1 | €705 | €705 | = | 0.0% |
| Legal reserve | 130 | €705 | €705 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,960 | -€107,163 | -€28,203 | -35.7% |
| Amounts payable | 17/49 | €103,935 | €127,291 | +€23,356 | +22.5% |
| Amounts payable within one year | 42/48 | €103,935 | €127,291 | +€23,356 | +22.5% |
| Trade debts | 44 | €1,186 | - | -€1,186 | |
| Suppliers | 440/4 | €1,186 | - | -€1,186 | |
| Taxes, remuneration and social security | 45 | €5,906 | €4,898 | -€1,009 | -17.1% |
| Taxes | 450/3 | €3,609 | €4,653 | +€1,044 | +28.9% |
| Remuneration and social security | 454/9 | €2,298 | €245 | -€2,053 | -89.4% |
| Other amounts payable | 47/48 | €96,842 | €122,393 | +€25,551 | +26.4% |
| Turnover | 70 | €13,442 | €10,746 | -€2,696 | -20.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €9,631 | €7,331 | -€2,300 | -23.9% |
| Remuneration, social security and pensions | 62 | €37,710 | €34,590 | -€3,120 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,244 | €1,030 | -€214 | -17.2% |
| Other operating charges | 640/8 | €404 | €177 | -€227 | -56.2% |
| Gross operating margin | 9900 | €38,736 | €7,860 | -€30,877 | -79.7% |
| Operating profit (loss) | 9901 | -€622 | -€27,938 | -€27,316 | -4,390% |
| Financial charges | 65/66B | €244 | €265 | +€20 | +8.4% |
| Recurring financial charges | 65 | €194 | €265 | +€70 | +36.3% |
| Non-recurring financial charges | 66B | €50 | - | -€50 | |
| Profit (loss) for the period before taxes | 9903 | -€866 | -€28,203 | -€27,336 | -3,155% |
| Profit (loss) for the period | 9904 | -€866 | -€28,203 | -€27,336 | -3,155% |
| Profit (loss) for the period to be appropriated | 9905 | -€866 | -€28,203 | -€27,336 | -3,155% |
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.