FIGEXCO: 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.
FIGEXCO
Largest movements
- Tangible fixed assets +€29,500
up €29,500 (+45.2%), from €65,195 to €94,696
of which Land and buildings: +€27,953
- Cash +€8,013
new in 2025: €8,013
mainly Other debts (+€48,534) and Depreciation (+€7,376)
- Receivables within one year -€4,246
down €4,246 (-18.7%), from €22,715 to €18,470
of which Other amounts receivable: -€15,765
- Other debts +€48,534
up €48,534 (+340.5%), from €14,255 to €62,789
- Short-term financial debts -€9,891
no longer reported in 2025 (was €9,891)
- Profit (loss) carried forward -€5,511
down €5,511 (-14.7%), from €37,407 to €31,896
- Reserves -€1,278
down €1,278 (-5.8%), from €21,896 to €20,617
of which Tax-exempt reserves: -€1,278
- Financial income -€16,800
no longer reported in 2025 (was €16,800)
- Gross operating margin -€5,116
down €5,116 (-66.7%), from €7,675 to €2,559
- Depreciation +€2,606
up €2,606 (+54.6%), from €4,770 to €7,376
- Taxes -€1,883
no longer reported in 2025 (was €1,883)
- Financial charges -€1,151
down €1,151 (-50.3%), from €2,291 to €1,139
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 | €87,911 | €121,178 | +€33,267 | +37.8% |
| Fixed assets | 21/28 | €65,195 | €94,696 | +€29,500 | +45.2% |
| Tangible fixed assets | 22/27 | €65,195 | €94,696 | +€29,500 | +45.2% |
| Land and buildings | 22 | €65,195 | €93,149 | +€27,953 | +42.9% |
| Furniture and vehicles | 24 | - | €1,547 | +€1,547 | |
| Current assets | 29/58 | €22,715 | €26,482 | +€3,767 | +16.6% |
| Amounts receivable within one year | 40/41 | €22,715 | €18,470 | -€4,246 | -18.7% |
| Trade receivables | 40 | €6,950 | €18,470 | +€11,519 | +165.7% |
| Other amounts receivable | 41 | €15,765 | - | -€15,765 | |
| Cash at bank and in hand | 54/58 | - | €8,013 | +€8,013 | |
| Total equity and liabilities | 10/49 | €87,911 | €121,178 | +€33,267 | +37.8% |
| Equity | 10/15 | €59,303 | €52,514 | -€6,789 | -11.4% |
| Reserves | 13 | €21,896 | €20,617 | -€1,278 | -5.8% |
| Tax-exempt reserves | 132 | €3,071 | €1,792 | -€1,278 | -41.6% |
| Distributable reserves | 133 | €18,825 | €18,825 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,407 | €31,896 | -€5,511 | -14.7% |
| Provisions and deferred taxes | 16 | €1,581 | €1,147 | -€434 | -27.5% |
| Deferred taxes | 168 | €1,581 | €1,147 | -€434 | -27.5% |
| Amounts payable | 17/49 | €27,027 | €67,518 | +€40,491 | +149.8% |
| Amounts payable within one year | 42/48 | €27,027 | €67,518 | +€40,491 | +149.8% |
| Financial debts | 43 | €9,891 | - | -€9,891 | |
| Credit institutions | 430/8 | €9,891 | - | -€9,891 | |
| Trade debts | 44 | €315 | €1,456 | +€1,141 | +361.7% |
| Suppliers | 440/4 | €315 | €1,456 | +€1,141 | +361.7% |
| Taxes, remuneration and social security | 45 | €2,565 | €3,273 | +€708 | +27.6% |
| Taxes | 450/3 | €2,565 | €3,273 | +€708 | +27.6% |
| Other amounts payable | 47/48 | €14,255 | €62,789 | +€48,534 | +340.5% |
| Non-recurring operating income | 76A | €7,840 | - | -€7,840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,770 | €7,376 | +€2,606 | +54.6% |
| Other operating charges | 640/8 | €1,325 | €1,268 | -€57 | -4.3% |
| Gross operating margin | 9900 | €7,675 | €2,559 | -€5,116 | -66.7% |
| Operating profit (loss) | 9901 | €1,581 | -€6,084 | -€7,665 | |
| Financial income | 75/76B | €16,800 | - | -€16,800 | |
| Recurring financial income | 75 | €16,800 | - | -€16,800 | |
| Financial charges | 65/66B | €2,291 | €1,139 | -€1,151 | -50.3% |
| Recurring financial charges | 65 | €2,291 | €1,139 | -€1,151 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €16,090 | -€7,224 | -€23,314 | |
| Transfer from deferred taxes | 780 | €3,343 | €434 | -€2,909 | -87.0% |
| Income taxes | 67/77 | €1,883 | - | -€1,883 | |
| Profit (loss) for the period | 9904 | €17,551 | -€6,789 | -€24,340 | |
| Transfer from tax-exempt reserves | 789 | €1,278 | €1,278 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,829 | -€5,511 | -€24,340 |
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.