B-FOAM: 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.
B-FOAM
Largest movements
- Receivables within one year -€50,776
down €50,776 (-27.9%), from €182,207 to €131,431
of which Trade receivables: -€106,490
- Stocks and contracts +€6,107
up €6,107 (+35.3%), from €17,313 to €23,420
- Tangible fixed assets -€4,635
down €4,635 (-3.8%), from €121,710 to €117,075
of which Land and buildings: -€4,635
- Trade debts -€65,693
down €65,693 (-95.7%), from €68,645 to €2,952
- Short-term financial debts +€39,225
up €39,225 (+39.2%), from €100,000 to €139,225
- Tax, wage and social debts -€14,355
down €14,355 (-73.5%), from €19,535 to €5,180
- Current portion of long-term debt +€12,728
up €12,728 (+65.1%), from €19,542 to €32,270
- Profit (loss) carried forward -€11,395
down €11,395 (-77.6%), from -€14,692 to -€26,087
- Gross operating margin +€6,661
up €6,661, from -€1,351 to €5,310
- Financial charges +€2,153
up €2,153 (+26.8%), from €8,035 to €10,188
- Other operating charges +€1,848
up €1,848 (+326%), from €566 to €2,414
- Depreciation -€822
down €822 (-15.1%), from €5,457 to €4,635
- Financial income -€184
down €184 (-25.7%), from €716 to €532
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 | €333,002 | €283,956 | -€49,046 | -14.7% |
| Fixed assets | 21/28 | €122,906 | €118,271 | -€4,635 | -3.8% |
| Tangible fixed assets | 22/27 | €121,710 | €117,075 | -€4,635 | -3.8% |
| Land and buildings | 22 | €121,710 | €117,075 | -€4,635 | -3.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €1,196 | €1,196 | = | 0.0% |
| Current assets | 29/58 | €210,096 | €165,685 | -€44,411 | -21.1% |
| Stocks and contracts in progress | 3 | €17,313 | €23,420 | +€6,107 | +35.3% |
| Stocks | 30/36 | €17,313 | €23,420 | +€6,107 | +35.3% |
| Amounts receivable within one year | 40/41 | €182,207 | €131,431 | -€50,776 | -27.9% |
| Trade receivables | 40 | €123,388 | €16,898 | -€106,490 | -86.3% |
| Other amounts receivable | 41 | €58,819 | €114,533 | +€55,714 | +94.7% |
| Cash at bank and in hand | 54/58 | €10,576 | €10,833 | +€258 | +2.4% |
| Total equity and liabilities | 10/49 | €333,002 | €283,956 | -€49,046 | -14.7% |
| Equity | 10/15 | €105,176 | €93,781 | -€11,395 | -10.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €113,668 | €113,668 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €113,668 | €113,668 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,692 | -€26,087 | -€11,395 | -77.6% |
| Amounts payable | 17/49 | €227,826 | €190,175 | -€37,651 | -16.5% |
| Amounts payable after more than one year | 17 | €20,104 | €10,548 | -€9,556 | -47.5% |
| Financial debts | 170/4 | €20,104 | €10,548 | -€9,556 | -47.5% |
| Amounts payable within one year | 42/48 | €207,722 | €179,627 | -€28,095 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | €19,542 | €32,270 | +€12,728 | +65.1% |
| Financial debts | 43 | €100,000 | €139,225 | +€39,225 | +39.2% |
| Credit institutions | 430/8 | €100,000 | €139,225 | +€39,225 | +39.2% |
| Trade debts | 44 | €68,645 | €2,952 | -€65,693 | -95.7% |
| Suppliers | 440/4 | €68,645 | €2,952 | -€65,693 | -95.7% |
| Taxes, remuneration and social security | 45 | €19,535 | €5,180 | -€14,355 | -73.5% |
| Taxes | 450/3 | €19,535 | €5,180 | -€14,355 | -73.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,457 | €4,635 | -€822 | -15.1% |
| Other operating charges | 640/8 | €566 | €2,414 | +€1,848 | +326% |
| Gross operating margin | 9900 | -€1,351 | €5,310 | +€6,661 | |
| Operating profit (loss) | 9901 | -€7,374 | -€1,739 | +€5,634 | +76.4% |
| Financial income | 75/76B | €716 | €532 | -€184 | -25.7% |
| Recurring financial income | 75 | €716 | €532 | -€184 | -25.7% |
| Financial charges | 65/66B | €8,035 | €10,188 | +€2,153 | +26.8% |
| Recurring financial charges | 65 | €8,035 | €10,188 | +€2,153 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,692 | -€11,395 | +€3,297 | +22.4% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€14,692 | -€11,395 | +€3,297 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,692 | -€11,395 | +€3,297 | +22.4% |
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.