F.O. INDUSTRIES: 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. INDUSTRIES
Largest movements
- Tangible fixed assets +€70,060
up €70,060 (+2,876%), from €2,436 to €72,496
of which Land and buildings: +€63,250
- Receivables within one year +€53,017
up €53,017 (+261%), from €20,344 to €73,361
of which Trade receivables: +€53,017
- Cash -€40,612
down €40,612 (-20.0%), from €202,649 to €162,037
mainly Investment in fixed assets (net) (-€72,549) and Receivables within one year (-€53,017)
- Debts after one year +€94,890
new in 2025: €94,890
- Tax, wage and social debts -€25,451
down €25,451 (-71.9%), from €35,412 to €9,961
of which Taxes: -€25,451
- Other debts +€22,126
up €22,126 (+149%), from €14,897 to €37,023
- Reserves -€6,989
down €6,989 (-3.6%), from €194,838 to €187,849
of which Distributable reserves: -€6,989
- Financial income -€103,096
down €103,096 (-97.2%), from €106,084 to €2,988
- Gross operating margin -€39,575
down €39,575 (-46.3%), from €85,466 to €45,891
- Taxes -€22,822
down €22,822 (-64.8%), from €35,214 to €12,392
- Financial charges +€8,887
up €8,887 (+3,602%), from €247 to €9,133
of which Non-recurring financial charges: +€8,679
- Depreciation +€1,172
up €1,172 (+89.0%), from €1,317 to €2,489
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 | €256,628 | €339,093 | +€82,465 | +32.1% |
| Fixed assets | 21/28 | €8,635 | €78,695 | +€70,060 | +811% |
| Tangible fixed assets | 22/27 | €2,436 | €72,496 | +€70,060 | +2,876% |
| Land and buildings | 22 | - | €63,250 | +€63,250 | |
| Plant, machinery and equipment | 23 | €2,324 | €1,119 | -€1,205 | -51.8% |
| Furniture and vehicles | 24 | €112 | €8,127 | +€8,015 | +7,187% |
| Financial fixed assets | 28 | €6,199 | €6,199 | = | 0.0% |
| Current assets | 29/58 | €247,993 | €260,397 | +€12,404 | +5.0% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Other amounts receivable | 291 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,344 | €73,361 | +€53,017 | +261% |
| Trade receivables | 40 | €20,344 | €73,361 | +€53,017 | +261% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €202,649 | €162,037 | -€40,612 | -20.0% |
| Total equity and liabilities | 10/49 | €256,628 | €339,093 | +€82,465 | +32.1% |
| Equity | 10/15 | €203,538 | €196,549 | -€6,989 | -3.4% |
| Contributions | 10/11 | €8,700 | €8,700 | = | 0.0% |
| Reserves | 13 | €194,838 | €187,849 | -€6,989 | -3.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €194,838 | €187,849 | -€6,989 | -3.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,090 | €142,544 | +€89,454 | +168% |
| Amounts payable after more than one year | 17 | - | €94,890 | +€94,890 | |
| Financial debts | 170/4 | - | €94,890 | +€94,890 | |
| Amounts payable within one year | 42/48 | €53,090 | €47,654 | -€5,436 | -10.2% |
| Trade debts | 44 | €2,782 | €671 | -€2,112 | -75.9% |
| Suppliers | 440/4 | €2,782 | €671 | -€2,112 | -75.9% |
| Taxes, remuneration and social security | 45 | €35,412 | €9,961 | -€25,451 | -71.9% |
| Taxes | 450/3 | €35,412 | €9,961 | -€25,451 | -71.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €14,897 | €37,023 | +€22,126 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,317 | €2,489 | +€1,172 | +89.0% |
| Other operating charges | 640/8 | €695 | €520 | -€175 | -25.2% |
| Gross operating margin | 9900 | €85,466 | €45,891 | -€39,575 | -46.3% |
| Operating profit (loss) | 9901 | €83,454 | €42,882 | -€40,572 | -48.6% |
| Financial income | 75/76B | €106,084 | €2,988 | -€103,096 | -97.2% |
| Recurring financial income | 75 | €106,084 | €2,988 | -€103,096 | -97.2% |
| Financial charges | 65/66B | €247 | €9,133 | +€8,887 | +3,602% |
| Recurring financial charges | 65 | €247 | €454 | +€207 | +84.0% |
| Non-recurring financial charges | 66B | - | €8,679 | +€8,679 | |
| Profit (loss) for the period before taxes | 9903 | €189,291 | €36,737 | -€152,555 | -80.6% |
| Income taxes | 67/77 | €35,214 | €12,392 | -€22,822 | -64.8% |
| Profit (loss) for the period | 9904 | €154,078 | €24,345 | -€129,733 | -84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €154,078 | €24,345 | -€129,733 | -84.2% |
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 26 October 2026 via checked.be.