FG LAB: 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.
FG LAB
Largest movements
- Cash +€122,644
up €122,644 (+48.7%), from €251,695 to €374,339
mainly Net result for the year (+€160,782) and Depreciation (+€15,250)
- Tangible fixed assets -€12,888
down €12,888 (-25.4%), from €50,743 to €37,855
of which Furniture and vehicles: -€10,270
- Receivables within one year +€10,001
up €10,001 (+3.9%), from €256,291 to €266,293
of which Other amounts receivable: +€10,003
- Reserves +€160,782
up €160,782 (+32.3%), from €497,298 to €658,080
- Current portion of long-term debt -€24,991
down €24,991 (-83.3%), from €29,989 to €4,998
- Other debts -€15,720
down €15,720 (-55.1%), from €28,542 to €12,821
- Financial charges -€192,973
down €192,973 (-99.0%), from €194,834 to €1,860
- Taxes +€47,795
up €47,795 (+616.4%), from €7,755 to €55,550
- Gross operating margin -€40,629
down €40,629 (-15.0%), from €271,408 to €230,779
- Depreciation -€5,621
down €5,621 (-26.9%), from €20,871 to €15,250
- Provisions -€4,500
new in 2025: -€4,500
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 | €604,157 | €723,772 | +€119,615 | +19.8% |
| Fixed assets | 21/28 | €50,839 | €37,951 | -€12,888 | -25.4% |
| Tangible fixed assets | 22/27 | €50,743 | €37,855 | -€12,888 | -25.4% |
| Plant, machinery and equipment | 23 | €9,496 | €6,878 | -€2,618 | -27.6% |
| Furniture and vehicles | 24 | €41,248 | €30,977 | -€10,270 | -24.9% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €553,318 | €685,821 | +€132,503 | +23.9% |
| Amounts receivable within one year | 40/41 | €256,291 | €266,293 | +€10,001 | +3.9% |
| Trade receivables | 40 | €1 | - | -€1 | |
| Other amounts receivable | 41 | €256,290 | €266,293 | +€10,003 | +3.9% |
| Cash at bank and in hand | 54/58 | €251,695 | €374,339 | +€122,644 | +48.7% |
| Deferred charges and accrued income | 490/1 | €45,332 | €45,189 | -€143 | -0.3% |
| Total equity and liabilities | 10/49 | €604,157 | €723,772 | +€119,615 | +19.8% |
| Equity | 10/15 | €515,898 | €676,680 | +€160,782 | +31.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €497,298 | €658,080 | +€160,782 | +32.3% |
| Distributable reserves | 133 | €497,298 | €658,080 | +€160,782 | +32.3% |
| Provisions and deferred taxes | 16 | €4,500 | - | -€4,500 | |
| Provisions for liabilities and charges | 160/5 | €4,500 | - | -€4,500 | |
| Other liabilities and charges | 164/5 | €4,500 | - | -€4,500 | |
| Amounts payable | 17/49 | €83,760 | €47,093 | -€36,667 | -43.8% |
| Amounts payable after more than one year | 17 | €4,998 | - | -€4,998 | |
| Financial debts | 170/4 | €4,998 | - | -€4,998 | |
| Amounts payable within one year | 42/48 | €78,486 | €42,575 | -€35,912 | -45.8% |
| Current portion of amounts payable after more than one year | 42 | €29,989 | €4,998 | -€24,991 | -83.3% |
| Trade debts | 44 | €5,683 | €4,920 | -€763 | -13.4% |
| Suppliers | 440/4 | €5,683 | €4,920 | -€763 | -13.4% |
| Taxes, remuneration and social security | 45 | €14,273 | €19,835 | +€5,562 | +39.0% |
| Taxes | 450/3 | €14,273 | €19,835 | +€5,562 | +39.0% |
| Other amounts payable | 47/48 | €28,542 | €12,821 | -€15,720 | -55.1% |
| Accrued charges and deferred income | 492/3 | €275 | €4,518 | +€4,243 | +1542.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,871 | €15,250 | -€5,621 | -26.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€4,500 | -€4,500 | |
| Other operating charges | 640/8 | €500 | €508 | +€7 | +1.4% |
| Non-recurring operating charges | 66A | €118 | €1,330 | +€1,212 | +1026.1% |
| Gross operating margin | 9900 | €271,408 | €230,779 | -€40,629 | -15.0% |
| Operating profit (loss) | 9901 | €249,918 | €218,191 | -€31,727 | -12.7% |
| Financial charges | 65/66B | €194,834 | €1,860 | -€192,973 | -99.0% |
| Recurring financial charges | 65 | €194,834 | €1,860 | -€192,973 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | €55,085 | €216,331 | +€161,247 | +292.7% |
| Income taxes | 67/77 | €7,755 | €55,550 | +€47,795 | +616.4% |
| Profit (loss) for the period | 9904 | €47,330 | €160,782 | +€113,451 | +239.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,330 | €160,782 | +€113,451 | +239.7% |
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 5 October 2026 via checked.be.