FIGES: 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.
FIGES
Largest movements
- Cash -€424,606
down €424,606 (-90.2%), from €470,841 to €46,235
mainly Contributions, distributions and other (-€414,251) and Net result for the year (-€65,656)
- Deferred charges and accrued income -€32,695
down €32,695 (-100%), from €32,695 to €0
- Tangible fixed assets -€29,974
down €29,974 (-5.1%), from €591,502 to €561,527
of which Land and buildings: -€34,831
- Contributions -€679,173
down €679,173 (-75.8%), from €896,431 to €217,258
- Reserves +€199,266
up €199,266 (+32.4%), from €614,378 to €813,644
of which Distributable reserves: +€199,266
- Gross operating margin -€41,599
down €41,599 (-96.5%), from €43,123 to €1,524
- Taxes -€10,000
new in 2025: -€10,000
- Other operating charges +€1,307
up €1,307 (+3.3%), from €39,624 to €40,930
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 | €1,515,809 | €1,035,902 | -€479,907 | -31.7% |
| Fixed assets | 21/28 | €1,012,273 | €982,299 | -€29,974 | -3.0% |
| Tangible fixed assets | 22/27 | €591,502 | €561,527 | -€29,974 | -5.1% |
| Land and buildings | 22 | €588,092 | €553,261 | -€34,831 | -5.9% |
| Plant, machinery and equipment | 23 | €3,409 | €8,266 | +€4,857 | +142% |
| Financial fixed assets | 28 | €420,772 | €420,772 | = | 0.0% |
| Current assets | 29/58 | €503,536 | €53,603 | -€449,933 | -89.4% |
| Amounts receivable within one year | 40/41 | - | €7,368 | +€7,368 | |
| Trade receivables | 40 | - | €1,974 | +€1,974 | |
| Other amounts receivable | 41 | - | €5,395 | +€5,395 | |
| Cash at bank and in hand | 54/58 | €470,841 | €46,235 | -€424,606 | -90.2% |
| Deferred charges and accrued income | 490/1 | €32,695 | €0 | -€32,695 | -100% |
| Total equity and liabilities | 10/49 | €1,515,809 | €1,035,902 | -€479,907 | -31.7% |
| Equity | 10/15 | €1,510,809 | €1,030,902 | -€479,907 | -31.8% |
| Contributions | 10/11 | €896,431 | €217,258 | -€679,173 | -75.8% |
| Capital | 10 | €896,431 | €217,258 | -€679,173 | -75.8% |
| Issued capital | 100 | €896,431 | €217,258 | -€679,173 | -75.8% |
| Reserves | 13 | €614,378 | €813,644 | +€199,266 | +32.4% |
| Non-distributable reserves | 130/1 | €34,988 | €34,988 | = | 0.0% |
| Legal reserve | 130 | €34,988 | €34,988 | = | 0.0% |
| Distributable reserves | 133 | €579,390 | €778,656 | +€199,266 | +34.4% |
| Amounts payable | 17/49 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable after more than one year | 17 | €5,000 | €5,000 | = | 0.0% |
| Other amounts payable | 178/9 | €5,000 | €5,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,968 | €36,069 | +€102 | +0.3% |
| Other operating charges | 640/8 | €39,624 | €40,930 | +€1,307 | +3.3% |
| Gross operating margin | 9900 | €43,123 | €1,524 | -€41,599 | -96.5% |
| Operating profit (loss) | 9901 | -€32,468 | -€75,476 | -€43,008 | -132% |
| Financial charges | 65/66B | €150 | €180 | +€30 | +20.1% |
| Recurring financial charges | 65 | €150 | €180 | +€30 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | -€32,618 | -€75,656 | -€43,038 | -132% |
| Income taxes | 67/77 | - | -€10,000 | -€10,000 | |
| Profit (loss) for the period | 9904 | -€32,618 | -€65,656 | -€33,038 | -101% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,618 | -€65,656 | -€33,038 | -101% |
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 16 October 2026 via checked.be.