FIGUERAS: 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.
FIGUERAS
Largest movements
- Cash -€1.5m
down €1.5m (-70.2%), from €2.1m to €641,350
mainly Debts after one year (-€948,416) and Receivables within one year (-€497,442)
- Receivables within one year +€497,442
up €497,442 (+30.5%), from €1.6m to €2.1m
of which Other amounts receivable: +€516,127
- Tangible fixed assets -€483,076
down €483,076 (-2.9%), from €16.5m to €16.0m
- Deferred charges and accrued income +€478,065
up €478,065 (+73.7%), from €648,847 to €1.1m
- Debts after one year -€948,416
down €948,416 (-8.4%), from €11.3m to €10.3m
of which Financial debts: -€911,676
- Short-term financial debts -€494,094
down €494,094 (-100%), from €494,094 to €0
- Trade debts +€448,751
up €448,751 (+94.9%), from €473,061 to €921,812
- Current portion of long-term debt +€319,745
new in 2025: €319,745
- Profit (loss) carried forward -€261,154
down €261,154 (-18.2%), from -€1.4m to -€1.7m
- Gross operating margin -€947,154
down €947,154 (-47.8%), from €2.0m to €1.0m
- Financial charges +€239,258
up €239,258 (+59.5%), from €402,413 to €641,671
- Depreciation -€137,371
down €137,371 (-18.6%), from €736,805 to €599,433
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 | €20,913,569 | €19,898,598 | -€1.0m | -4.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €16,484,741 | €16,001,665 | -€483,076 | -2.9% |
| Tangible fixed assets | 22/27 | €16,484,741 | €16,001,665 | -€483,076 | -2.9% |
| Land and buildings | 22 | €16,484,741 | €16,001,665 | -€483,076 | -2.9% |
| Current assets | 29/58 | €4,428,828 | €3,896,932 | -€531,895 | -12.0% |
| Amounts receivable within one year | 40/41 | €1,631,228 | €2,128,670 | +€497,442 | +30.5% |
| Trade receivables | 40 | €502,123 | €483,438 | -€18,685 | -3.7% |
| Other amounts receivable | 41 | €1,129,106 | €1,645,232 | +€516,127 | +45.7% |
| Cash at bank and in hand | 54/58 | €2,148,752 | €641,350 | -€1.5m | -70.2% |
| Deferred charges and accrued income | 490/1 | €648,847 | €1,126,912 | +€478,065 | +73.7% |
| Total equity and liabilities | 10/49 | €20,913,569 | €19,898,598 | -€1.0m | -4.9% |
| Equity | 10/15 | €7,950,262 | €7,687,393 | -€262,869 | -3.3% |
| Contributions | 10/11 | €1,991,230 | €1,991,230 | = | 0.0% |
| Capital | 10 | €1,991,230 | €1,991,230 | = | 0.0% |
| Issued capital | 100 | €1,991,230 | €1,991,230 | = | 0.0% |
| Revaluation surpluses | 12 | €5,629,590 | €5,409,593 | -€219,997 | -3.9% |
| Reserves | 13 | €1,767,588 | €1,985,871 | +€218,283 | +12.3% |
| Tax-exempt reserves | 132 | €500,705 | €498,991 | -€1,714 | -0.3% |
| Distributable reserves | 133 | €1,266,882 | €1,486,880 | +€219,997 | +17.4% |
| Profit (loss) carried forward | 14 | -€1,438,147 | -€1,699,301 | -€261,154 | -18.2% |
| Provisions and deferred taxes | 16 | €166,902 | €166,330 | -€571 | -0.3% |
| Deferred taxes | 168 | €166,902 | €166,330 | -€571 | -0.3% |
| Amounts payable | 17/49 | €12,796,406 | €12,044,874 | -€751,531 | -5.9% |
| Amounts payable after more than one year | 17 | €11,289,929 | €10,341,513 | -€948,416 | -8.4% |
| Financial debts | 170/4 | €11,250,111 | €10,338,435 | -€911,676 | -8.1% |
| Other amounts payable | 178/9 | €39,818 | €3,078 | -€36,740 | -92.3% |
| Amounts payable within one year | 42/48 | €1,113,770 | €1,252,915 | +€139,145 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | - | €319,745 | +€319,745 | |
| Financial debts | 43 | €494,094 | €0 | -€494,094 | -100% |
| Other loans | 439 | €494,094 | €0 | -€494,094 | -100% |
| Trade debts | 44 | €473,061 | €921,812 | +€448,751 | +94.9% |
| Suppliers | 440/4 | €473,061 | €921,812 | +€448,751 | +94.9% |
| Taxes, remuneration and social security | 45 | €1,426 | €11,358 | +€9,932 | +697% |
| Taxes | 450/3 | €1,426 | €11,358 | +€9,932 | +697% |
| Other amounts payable | 47/48 | €145,190 | €0 | -€145,190 | -100% |
| Accrued charges and deferred income | 492/3 | €392,707 | €450,446 | +€57,740 | +14.7% |
| Non-recurring operating income | 76A | €667,607 | €0 | -€667,607 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €736,805 | €599,433 | -€137,371 | -18.6% |
| Other operating charges | 640/8 | €108,549 | €113,431 | +€4,883 | +4.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,981,151 | €1,033,996 | -€947,154 | -47.8% |
| Operating profit (loss) | 9901 | €1,135,797 | €321,131 | -€814,666 | -71.7% |
| Financial income | 75/76B | €53,077 | €57,099 | +€4,022 | +7.6% |
| Recurring financial income | 75 | €53,077 | €57,099 | +€4,022 | +7.6% |
| Financial charges | 65/66B | €402,413 | €641,671 | +€239,258 | +59.5% |
| Recurring financial charges | 65 | €402,413 | €641,671 | +€239,258 | +59.5% |
| Profit (loss) for the period before taxes | 9903 | €786,461 | -€263,440 | -€1.0m | |
| Transfer from deferred taxes | 780 | - | €571 | +€571 | |
| Transfer to deferred taxes | 680 | €166,902 | €0 | -€166,902 | -100% |
| Profit (loss) for the period | 9904 | €619,560 | -€262,869 | -€882,428 | |
| Transfer from tax-exempt reserves | 789 | - | €1,714 | +€1,714 | |
| Transfer to tax-exempt reserves | 689 | €500,705 | €0 | -€500,705 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €118,854 | -€261,154 | -€380,009 |
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 21 October 2026 via checked.be.