F.O.A. MANAGEMENT: 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.
F.O.A. MANAGEMENT
Largest movements
- Cash -€49,666
down €49,666 (-84.7%), from €58,668 to €9,001
mainly Net result for the year (-€42,509) and Other debts (-€33,664)
- Receivables within one year -€49,561
down €49,561 (-95.9%), from €51,682 to €2,121
of which Trade receivables: -€43,882
- Tangible fixed assets -€5,883
down €5,883 (-35.5%), from €16,568 to €10,686
- Profit (loss) carried forward -€42,509
down €42,509, from €314 to -€42,194
- Other debts -€33,664
down €33,664 (-49.6%), from €67,927 to €34,264
- Trade debts -€22,234
down €22,234 (-84.0%), from €26,456 to €4,222
- Tax, wage and social debts -€6,674
down €6,674 (-93.0%), from €7,174 to €500
- Gross operating margin -€74,489
down €74,489, from €40,510 to -€33,979
- Depreciation +€4,803
up €4,803 (+445%), from €1,080 to €5,883
- Taxes -€2,691
down €2,691 (-85.3%), from €3,156 to €464
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 | €127,967 | €22,874 | -€105,093 | -82.1% |
| Fixed assets | 21/28 | €16,931 | €11,049 | -€5,883 | -34.7% |
| Tangible fixed assets | 22/27 | €16,568 | €10,686 | -€5,883 | -35.5% |
| Furniture and vehicles | 24 | €16,568 | €10,686 | -€5,883 | -35.5% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €111,036 | €11,825 | -€99,211 | -89.4% |
| Amounts receivable within one year | 40/41 | €51,682 | €2,121 | -€49,561 | -95.9% |
| Trade receivables | 40 | €43,882 | - | -€43,882 | |
| Other amounts receivable | 41 | €7,800 | €2,121 | -€5,679 | -72.8% |
| Cash at bank and in hand | 54/58 | €58,668 | €9,001 | -€49,666 | -84.7% |
| Deferred charges and accrued income | 490/1 | €686 | €703 | +€17 | +2.5% |
| Total equity and liabilities | 10/49 | €127,967 | €22,874 | -€105,093 | -82.1% |
| Equity | 10/15 | €26,397 | -€16,112 | -€42,509 | |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €7,532 | €7,532 | = | 0.0% |
| Distributable reserves | 133 | €7,532 | €7,532 | = | 0.0% |
| Profit (loss) carried forward | 14 | €314 | -€42,194 | -€42,509 | |
| Amounts payable | 17/49 | €101,570 | €38,985 | -€62,585 | -61.6% |
| Amounts payable within one year | 42/48 | €101,558 | €38,985 | -€62,572 | -61.6% |
| Trade debts | 44 | €26,456 | €4,222 | -€22,234 | -84.0% |
| Suppliers | 440/4 | €26,456 | €4,222 | -€22,234 | -84.0% |
| Taxes, remuneration and social security | 45 | €7,174 | €500 | -€6,674 | -93.0% |
| Taxes | 450/3 | €7,174 | €500 | -€6,674 | -93.0% |
| Other amounts payable | 47/48 | €67,927 | €34,264 | -€33,664 | -49.6% |
| Accrued charges and deferred income | 492/3 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,080 | €5,883 | +€4,803 | +445% |
| Other operating charges | 640/8 | €1,539 | €1,565 | +€26 | +1.7% |
| Gross operating margin | 9900 | €40,510 | -€33,979 | -€74,489 | |
| Operating profit (loss) | 9901 | €37,891 | -€41,426 | -€79,318 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -96.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -96.7% |
| Financial charges | 65/66B | €424 | €618 | +€194 | +45.6% |
| Recurring financial charges | 65 | €424 | €618 | +€194 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | €37,470 | -€42,044 | -€79,514 | |
| Income taxes | 67/77 | €3,156 | €464 | -€2,691 | -85.3% |
| Profit (loss) for the period | 9904 | €34,314 | -€42,509 | -€76,823 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,314 | -€42,509 | -€76,823 |
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 22 October 2026 via checked.be.