Ets FOURMANOIR: 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.
Ets FOURMANOIR
Largest movements
- Cash +€127,218
up €127,218 (+27.1%), from €469,252 to €596,470
mainly Net result for the year (+€115,733) and Trade debts (+€60,979)
- Current investments +€28,424
up €28,424 (+20.3%), from €140,000 to €168,424
- Receivables within one year +€20,982
up €20,982 (+35.6%), from €58,926 to €79,908
of which Trade receivables: +€15,163
- Stocks and contracts -€15,861
down €15,861 (-5.6%), from €282,240 to €266,379
- Reserves +€123,145
up €123,145 (+16.3%), from €753,629 to €876,774
- Trade debts +€60,979
up €60,979 (+1,641%), from €3,715 to €64,694
- Financial charges +€5,419
up €5,419 (+52.3%), from €10,353 to €15,772
- Staff costs -€4,618
down €4,618 (-9.9%), from €46,493 to €41,875
- Gross operating margin -€4,118
down €4,118 (-1.4%), from €288,449 to €284,332
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 | €1,031,470 | €1,194,118 | +€162,647 | +15.8% |
| Fixed assets | 21/28 | €81,052 | €82,936 | +€1,884 | +2.3% |
| Tangible fixed assets | 22/27 | €81,052 | €82,936 | +€1,884 | +2.3% |
| Plant, machinery and equipment | 23 | €3,881 | €2,911 | -€970 | -25.0% |
| Furniture and vehicles | 24 | €77,171 | €80,026 | +€2,855 | +3.7% |
| Current assets | 29/58 | €950,418 | €1,111,181 | +€160,763 | +16.9% |
| Stocks and contracts in progress | 3 | €282,240 | €266,379 | -€15,861 | -5.6% |
| Stocks | 30/36 | €282,240 | €266,379 | -€15,861 | -5.6% |
| Amounts receivable within one year | 40/41 | €58,926 | €79,908 | +€20,982 | +35.6% |
| Trade receivables | 40 | €50,790 | €65,953 | +€15,163 | +29.9% |
| Other amounts receivable | 41 | €8,137 | €13,956 | +€5,819 | +71.5% |
| Current investments | 50/53 | €140,000 | €168,424 | +€28,424 | +20.3% |
| Cash at bank and in hand | 54/58 | €469,252 | €596,470 | +€127,218 | +27.1% |
| Total equity and liabilities | 10/49 | €1,031,470 | €1,194,118 | +€162,647 | +15.8% |
| Equity | 10/15 | €767,241 | €882,974 | +€115,733 | +15.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €753,629 | €876,774 | +€123,145 | +16.3% |
| Distributable reserves | 133 | €753,629 | €876,774 | +€123,145 | +16.3% |
| Profit (loss) carried forward | 14 | €7,412 | - | -€7,412 | |
| Amounts payable | 17/49 | €264,230 | €311,144 | +€46,914 | +17.8% |
| Amounts payable after more than one year | 17 | €4,669 | - | -€4,669 | |
| Financial debts | 170/4 | €4,669 | - | -€4,669 | |
| Amounts payable within one year | 42/48 | €259,561 | €311,144 | +€51,583 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €9,308 | €4,669 | -€4,639 | -49.8% |
| Trade debts | 44 | €3,715 | €64,694 | +€60,979 | +1,641% |
| Suppliers | 440/4 | €3,715 | €64,694 | +€60,979 | +1,641% |
| Taxes, remuneration and social security | 45 | €23,984 | €21,020 | -€2,964 | -12.4% |
| Taxes | 450/3 | €15,911 | €14,058 | -€1,853 | -11.6% |
| Remuneration and social security | 454/9 | €8,073 | €6,963 | -€1,110 | -13.8% |
| Other amounts payable | 47/48 | €222,554 | €220,760 | -€1,793 | -0.8% |
| Remuneration, social security and pensions | 62 | €46,493 | €41,875 | -€4,618 | -9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,089 | €51,253 | +€1,165 | +2.3% |
| Other operating charges | 640/8 | €4,491 | €3,600 | -€891 | -19.8% |
| Gross operating margin | 9900 | €288,449 | €284,332 | -€4,118 | -1.4% |
| Operating profit (loss) | 9901 | €187,377 | €187,603 | +€226 | +0.1% |
| Financial income | 75/76B | €19 | €4 | -€15 | -80.7% |
| Recurring financial income | 75 | €19 | €4 | -€15 | -80.7% |
| Financial charges | 65/66B | €10,353 | €15,772 | +€5,419 | +52.3% |
| Recurring financial charges | 65 | €10,353 | €15,772 | +€5,419 | +52.3% |
| Profit (loss) for the period before taxes | 9903 | €177,043 | €171,835 | -€5,208 | -2.9% |
| Income taxes | 67/77 | €56,981 | €56,102 | -€879 | -1.5% |
| Profit (loss) for the period | 9904 | €120,062 | €115,733 | -€4,329 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €120,062 | €115,733 | -€4,329 | -3.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.