FIGEN: 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.
FIGEN
Largest movements
- Stocks and contracts -€51,896
down €51,896 (-32.7%), from €158,882 to €106,985
- Cash +€22,222
up €22,222 (+65.5%), from €33,929 to €56,151
mainly Stocks and contracts (+€51,896) and Trade debts (+€39,360)
- Receivables within one year +€7,091
up €7,091 (+168%), from €4,225 to €11,316
of which Trade receivables: +€6,970
- Tangible fixed assets -€2,760
down €2,760 (-19.5%), from €14,123 to €11,363
of which Furniture and vehicles: -€1,886
- Advances received -€66,331
down €66,331 (-65.0%), from €102,000 to €35,669
- Trade debts +€39,360
up €39,360 (+1,134%), from €3,471 to €42,831
- Other debts +€2,320
up €2,320 (+3.8%), from €61,682 to €64,002
- Write-downs +€67,409
new in 2025: €67,409
- Gross operating margin +€32,630
up €32,630 (+83.1%), from €39,282 to €71,912
- Taxes -€7,083
down €7,083 (-86.8%), from €8,163 to €1,080
- Depreciation +€1,530
up €1,530 (+47.4%), from €3,230 to €4,760
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 | €219,740 | €192,429 | -€27,311 | -12.4% |
| Fixed assets | 21/28 | €22,704 | €17,944 | -€4,760 | -21.0% |
| Intangible fixed assets | 21 | €8,581 | €6,581 | -€2,000 | -23.3% |
| Tangible fixed assets | 22/27 | €14,123 | €11,363 | -€2,760 | -19.5% |
| Furniture and vehicles | 24 | €5,895 | €4,009 | -€1,886 | -32.0% |
| Other tangible fixed assets | 26 | €8,228 | €7,354 | -€874 | -10.6% |
| Current assets | 29/58 | €197,036 | €174,486 | -€22,551 | -11.4% |
| Stocks and contracts in progress | 3 | €158,882 | €106,985 | -€51,896 | -32.7% |
| Stocks | 30/36 | €158,882 | €106,985 | -€51,896 | -32.7% |
| Amounts receivable within one year | 40/41 | €4,225 | €11,316 | +€7,091 | +168% |
| Trade receivables | 40 | €3,061 | €10,032 | +€6,970 | +228% |
| Other amounts receivable | 41 | €1,164 | €1,284 | +€120 | +10.3% |
| Cash at bank and in hand | 54/58 | €33,929 | €56,151 | +€22,222 | +65.5% |
| Deferred charges and accrued income | 490/1 | - | €33 | +€33 | |
| Total equity and liabilities | 10/49 | €219,740 | €192,429 | -€27,311 | -12.4% |
| Equity | 10/15 | €29,232 | €27,596 | -€1,636 | -5.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,232 | €25,596 | -€1,636 | -6.0% |
| Amounts payable | 17/49 | €190,508 | €164,833 | -€25,675 | -13.5% |
| Amounts payable within one year | 42/48 | €190,508 | €164,833 | -€25,675 | -13.5% |
| Trade debts | 44 | €3,471 | €42,831 | +€39,360 | +1,134% |
| Suppliers | 440/4 | €3,471 | €42,831 | +€39,360 | +1,134% |
| Advances received on contracts in progress | 46 | €102,000 | €35,669 | -€66,331 | -65.0% |
| Taxes, remuneration and social security | 45 | €23,355 | €22,331 | -€1,023 | -4.4% |
| Taxes | 450/3 | €23,355 | €22,331 | -€1,023 | -4.4% |
| Other amounts payable | 47/48 | €61,682 | €64,002 | +€2,320 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,230 | €4,760 | +€1,530 | +47.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €67,409 | +€67,409 | |
| Other operating charges | 640/8 | €1,351 | €676 | -€675 | -50.0% |
| Gross operating margin | 9900 | €39,282 | €71,912 | +€32,630 | +83.1% |
| Operating profit (loss) | 9901 | €34,701 | -€933 | -€35,634 | |
| Financial income | 75/76B | €1,404 | €1,451 | +€48 | +3.4% |
| Recurring financial income | 75 | €1,404 | €1,451 | +€48 | +3.4% |
| Financial charges | 65/66B | €710 | €1,075 | +€365 | +51.4% |
| Recurring financial charges | 65 | €710 | €1,075 | +€365 | +51.4% |
| Profit (loss) for the period before taxes | 9903 | €35,395 | -€557 | -€35,952 | |
| Income taxes | 67/77 | €8,163 | €1,080 | -€7,083 | -86.8% |
| Profit (loss) for the period | 9904 | €27,232 | -€1,636 | -€28,869 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,232 | -€1,636 | -€28,869 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.