F.O.C.H.: 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.C.H."
Largest movements
- Tangible fixed assets -€16,676
down €16,676 (-4.4%), from €376,848 to €360,172
of which Land and buildings: -€11,667
- Cash -€7,855
down €7,855 (-15.0%), from €52,241 to €44,387
mainly Contributions, distributions and other (-€70,000) and Debts after one year (-€15,133)
- Profit (loss) carried forward -€19,988
down €19,988 (-16.0%), from €124,958 to €104,970
- Debts after one year -€15,133
down €15,133 (-6.0%), from €252,645 to €237,511
- Other debts +€12,334
up €12,334 (+25.9%), from €47,533 to €59,867
- Gross operating margin +€29,047
up €29,047 (+40.2%), from €72,293 to €101,340
- Taxes +€6,561
up €6,561 (+52.4%), from €12,522 to €19,083
- Financial charges +€2,381
up €2,381 (+48.1%), from €4,950 to €7,330
- Depreciation +€2,361
up €2,361 (+11.3%), from €20,919 to €23,280
- Financial income +€1,200
new in 2025: €1,200
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 | €482,436 | €459,310 | -€23,126 | -4.8% |
| Formation expenses | 20 | €42,306 | €40,692 | -€1,613 | -3.8% |
| Fixed assets | 21/28 | €377,198 | €360,422 | -€16,776 | -4.4% |
| Intangible fixed assets | 21 | €350 | €250 | -€100 | -28.6% |
| Tangible fixed assets | 22/27 | €376,848 | €360,172 | -€16,676 | -4.4% |
| Land and buildings | 22 | €305,964 | €294,297 | -€11,667 | -3.8% |
| Furniture and vehicles | 24 | €5,855 | €4,194 | -€1,661 | -28.4% |
| Other tangible fixed assets | 26 | €65,029 | €61,681 | -€3,348 | -5.1% |
| Current assets | 29/58 | €62,932 | €58,195 | -€4,737 | -7.5% |
| Amounts receivable within one year | 40/41 | €9,771 | €13,308 | +€3,537 | +36.2% |
| Trade receivables | 40 | €8,005 | €11,542 | +€3,537 | +44.2% |
| Other amounts receivable | 41 | €1,766 | €1,766 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €52,241 | €44,387 | -€7,855 | -15.0% |
| Deferred charges and accrued income | 490/1 | €920 | €500 | -€420 | -45.6% |
| Total equity and liabilities | 10/49 | €482,436 | €459,310 | -€23,126 | -4.8% |
| Equity | 10/15 | €145,418 | €125,430 | -€19,988 | -13.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €124,958 | €104,970 | -€19,988 | -16.0% |
| Amounts payable | 17/49 | €337,018 | €333,880 | -€3,138 | -0.9% |
| Amounts payable after more than one year | 17 | €252,645 | €237,511 | -€15,133 | -6.0% |
| Financial debts | 170/4 | €252,645 | €237,511 | -€15,133 | -6.0% |
| Amounts payable within one year | 42/48 | €84,026 | €96,041 | +€12,014 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €14,908 | €16,384 | +€1,476 | +9.9% |
| Financial debts | 43 | €1,646 | €1,495 | -€151 | -9.2% |
| Credit institutions | 430/8 | €1,646 | €1,495 | -€151 | -9.2% |
| Trade debts | 44 | €184 | €1,300 | +€1,116 | +605% |
| Suppliers | 440/4 | €184 | €1,300 | +€1,116 | +605% |
| Taxes, remuneration and social security | 45 | €19,755 | €16,994 | -€2,761 | -14.0% |
| Taxes | 450/3 | €19,755 | €16,994 | -€2,761 | -14.0% |
| Other amounts payable | 47/48 | €47,533 | €59,867 | +€12,334 | +25.9% |
| Accrued charges and deferred income | 492/3 | €347 | €328 | -€19 | -5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,919 | €23,280 | +€2,361 | +11.3% |
| Other operating charges | 640/8 | €2,746 | €2,834 | +€88 | +3.2% |
| Gross operating margin | 9900 | €72,293 | €101,340 | +€29,047 | +40.2% |
| Operating profit (loss) | 9901 | €48,627 | €75,226 | +€26,599 | +54.7% |
| Financial income | 75/76B | - | €1,200 | +€1,200 | |
| Recurring financial income | 75 | - | €1,200 | +€1,200 | |
| Financial charges | 65/66B | €4,950 | €7,330 | +€2,381 | +48.1% |
| Recurring financial charges | 65 | €4,950 | €7,330 | +€2,381 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €43,677 | €69,095 | +€25,418 | +58.2% |
| Income taxes | 67/77 | €12,522 | €19,083 | +€6,561 | +52.4% |
| Profit (loss) for the period | 9904 | €31,155 | €50,012 | +€18,857 | +60.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,155 | €50,012 | +€18,857 | +60.5% |
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 30 October 2026 via checked.be.