"FNG": 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.
"FNG"
Largest movements
- Cash +€10,382
up €10,382 (+40.0%), from €25,988 to €36,370
mainly Receivables within one year (+€4,471) and Other debts (+€3,908)
- Receivables within one year -€4,471
down €4,471 (-47.3%), from €9,449 to €4,978
of which Other amounts receivable: -€3,461
- Deferred charges and accrued income +€2,404
up €2,404 (+128%), from €1,879 to €4,283
- Tangible fixed assets -€2,402
down €2,402 (-36.9%), from €6,502 to €4,100
- Other debts +€3,908
up €3,908 (+35.2%), from €11,104 to €15,012
- Profit (loss) carried forward -€3,487
down €3,487 (-46.1%), from €7,561 to €4,073
- Accrued charges and deferred income +€2,977
up €2,977 (+3,600%), from €83 to €3,060
- Trade debts +€2,218
up €2,218 (+75.3%), from €2,944 to €5,162
- Gross operating margin -€3,766
down €3,766 (-93.7%), from €4,019 to €253
- Depreciation -€489
down €489 (-16.9%), from €2,891 to €2,402
- Other operating charges -€391
down €391 (-29.5%), from €1,324 to €933
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 | €43,911 | €49,823 | +€5,912 | +13.5% |
| Fixed assets | 21/28 | €6,595 | €4,193 | -€2,402 | -36.4% |
| Tangible fixed assets | 22/27 | €6,502 | €4,100 | -€2,402 | -36.9% |
| Furniture and vehicles | 24 | €6,502 | €4,100 | -€2,402 | -36.9% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €37,316 | €45,631 | +€8,314 | +22.3% |
| Amounts receivable within one year | 40/41 | €9,449 | €4,978 | -€4,471 | -47.3% |
| Trade receivables | 40 | €5,631 | €4,621 | -€1,010 | -17.9% |
| Other amounts receivable | 41 | €3,818 | €356 | -€3,461 | -90.7% |
| Cash at bank and in hand | 54/58 | €25,988 | €36,370 | +€10,382 | +40.0% |
| Deferred charges and accrued income | 490/1 | €1,879 | €4,283 | +€2,404 | +128% |
| Total equity and liabilities | 10/49 | €43,911 | €49,823 | +€5,912 | +13.5% |
| Equity | 10/15 | €26,161 | €22,673 | -€3,487 | -13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,561 | €4,073 | -€3,487 | -46.1% |
| Amounts payable | 17/49 | €17,750 | €27,150 | +€9,400 | +53.0% |
| Amounts payable within one year | 42/48 | €17,668 | €24,091 | +€6,423 | +36.4% |
| Current portion of amounts payable after more than one year | 42 | €515 | €514 | -€1 | -0.3% |
| Trade debts | 44 | €2,944 | €5,162 | +€2,218 | +75.3% |
| Suppliers | 440/4 | €2,944 | €5,162 | +€2,218 | +75.3% |
| Taxes, remuneration and social security | 45 | €3,104 | €3,402 | +€298 | +9.6% |
| Taxes | 450/3 | €3,104 | €3,402 | +€298 | +9.6% |
| Other amounts payable | 47/48 | €11,104 | €15,012 | +€3,908 | +35.2% |
| Accrued charges and deferred income | 492/3 | €83 | €3,060 | +€2,977 | +3,600% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,891 | €2,402 | -€489 | -16.9% |
| Other operating charges | 640/8 | €1,324 | €933 | -€391 | -29.5% |
| Gross operating margin | 9900 | €4,019 | €253 | -€3,766 | -93.7% |
| Operating profit (loss) | 9901 | -€196 | -€3,082 | -€2,886 | -1,475% |
| Financial charges | 65/66B | €250 | €262 | +€13 | +5.1% |
| Recurring financial charges | 65 | €250 | €262 | +€13 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | -€445 | -€3,344 | -€2,899 | -651% |
| Income taxes | 67/77 | €182 | €144 | -€39 | -21.2% |
| Profit (loss) for the period | 9904 | -€627 | -€3,487 | -€2,860 | -456% |
| Profit (loss) for the period to be appropriated | 9905 | -€627 | -€3,487 | -€2,860 | -456% |
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 15 October 2026 via checked.be.