FIGO: 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.
FIGO
Largest movements
- Cash -€56,290
down €56,290 (-54.9%), from €102,487 to €46,197
mainly Contributions, distributions and other (-€53,651) and Receivables within one year (-€20,993)
- Receivables within one year +€20,993
up €20,993 (+24.3%), from €86,432 to €107,425
of which Other amounts receivable: +€21,989
- Reserves -€26,178
down €26,178 (-21.9%), from €119,719 to €93,541
of which Distributable reserves: -€24,318
- Debts after one year -€9,030
no longer reported in 2024 (was €9,030)
- Trade debts +€5,092
up €5,092 (+97.6%), from €5,214 to €10,306
- Tax, wage and social debts -€3,452
down €3,452 (-9.5%), from €36,454 to €33,001
of which Taxes: -€3,143
- Gross operating margin +€12,840
up €12,840 (+25.0%), from €51,301 to €64,141
- Financial charges +€6,217
up €6,217, from -€3,998 to €2,219
- Taxes -€2,472
down €2,472 (-25.5%), from €9,682 to €7,210
- Staff costs -€2,139
down €2,139 (-7.0%), from €30,551 to €28,412
- Other operating charges +€1,243
up €1,243 (+46.5%), from €2,672 to €3,914
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €190,082 | €155,449 | -€34,634 | -18.2% |
| Fixed assets | 21/28 | €500 | €500 | -€0 | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | -€0 | |
| Leasing and similar rights | 25 | €0 | - | -€0 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €189,582 | €154,949 | -€34,634 | -18.3% |
| Stocks and contracts in progress | 3 | €505 | €1,215 | +€710 | +140.8% |
| Stocks | 30/36 | €505 | €1,215 | +€710 | +140.8% |
| Amounts receivable within one year | 40/41 | €86,432 | €107,425 | +€20,993 | +24.3% |
| Trade receivables | 40 | €996 | - | -€996 | |
| Other amounts receivable | 41 | €85,437 | €107,425 | +€21,989 | +25.7% |
| Cash at bank and in hand | 54/58 | €102,487 | €46,197 | -€56,290 | -54.9% |
| Deferred charges and accrued income | 490/1 | €158 | €111 | -€47 | -29.9% |
| Total equity and liabilities | 10/49 | €190,082 | €155,449 | -€34,634 | -18.2% |
| Equity | 10/15 | €138,319 | €112,141 | -€26,178 | -18.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,719 | €93,541 | -€26,178 | -21.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €117,859 | €93,541 | -€24,318 | -20.6% |
| Amounts payable | 17/49 | €51,764 | €43,308 | -€8,456 | -16.3% |
| Amounts payable after more than one year | 17 | €9,030 | - | -€9,030 | |
| Financial debts | 170/4 | €9,030 | - | -€9,030 | |
| Amounts payable within one year | 42/48 | €42,733 | €43,308 | +€574 | +1.3% |
| Current portion of amounts payable after more than one year | 42 | €1,065 | - | -€1,065 | |
| Trade debts | 44 | €5,214 | €10,306 | +€5,092 | +97.6% |
| Suppliers | 440/4 | €5,214 | €10,306 | +€5,092 | +97.6% |
| Taxes, remuneration and social security | 45 | €36,454 | €33,001 | -€3,452 | -9.5% |
| Taxes | 450/3 | €36,145 | €33,001 | -€3,143 | -8.7% |
| Remuneration and social security | 454/9 | €309 | - | -€309 | |
| Remuneration, social security and pensions | 62 | €30,551 | €28,412 | -€2,139 | -7.0% |
| Other operating charges | 640/8 | €2,672 | €3,914 | +€1,243 | +46.5% |
| Gross operating margin | 9900 | €51,301 | €64,141 | +€12,840 | +25.0% |
| Operating profit (loss) | 9901 | €18,079 | €31,815 | +€13,736 | +76.0% |
| Financial income | 75/76B | €4,875 | €5,087 | +€213 | +4.4% |
| Recurring financial income | 75 | €4,875 | €5,087 | +€213 | +4.4% |
| Financial charges | 65/66B | -€3,998 | €2,219 | +€6,217 | |
| Recurring financial charges | 65 | -€3,998 | €2,219 | +€6,217 | |
| Profit (loss) for the period before taxes | 9903 | €26,952 | €34,683 | +€7,731 | +28.7% |
| Transfer from deferred taxes | 780 | €2,869 | - | -€2,869 | |
| Income taxes | 67/77 | €9,682 | €7,210 | -€2,472 | -25.5% |
| Profit (loss) for the period | 9904 | €20,139 | €27,474 | +€7,334 | +36.4% |
| Transfer from tax-exempt reserves | 789 | €5,825 | - | -€5,825 | |
| Profit (loss) for the period to be appropriated | 9905 | €25,964 | €27,474 | +€1,509 | +5.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.