FO-Invest: what changed
FO-Invest
Largest movements
- Cash +€347,167
up €347,167 (+2,733%), from €12,702 to €359,869
mainly Debts after one year (+€314,422) and Depreciation (+€49,168)
- Tangible fixed assets -€49,168
down €49,168 (-6.0%), from €820,991 to €771,823
of which Land and buildings: -€48,994
- Stocks and contracts +€33,099
new in 2025: €33,099
- Debts after one year +€314,422
up €314,422 (+33.9%), from €927,939 to €1.2m
of which Financial debts: +€306,368
- Current portion of long-term debt +€25,420
up €25,420 (+889%), from €2,860 to €28,280
- Financial charges +€5,767
up €5,767 (+652%), from €884 to €6,650
- Depreciation -€2,841
down €2,841 (-5.5%), from €52,009 to €49,168
- Gross operating margin -€2,323
down €2,323 (-3.9%), from €59,781 to €57,458
- Other operating charges +€1,199
up €1,199 (+33.9%), from €3,531 to €4,730
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €866,836 | €1,198,783 | +€331,947 | +38.3% |
| Fixed assets | 21/28 | €820,991 | €771,823 | -€49,168 | -6.0% |
| Tangible fixed assets | 22/27 | €820,991 | €771,823 | -€49,168 | -6.0% |
| Land and buildings | 22 | €820,816 | €771,823 | -€48,994 | -6.0% |
| Plant, machinery and equipment | 23 | €175 | - | -€175 | |
| Current assets | 29/58 | €45,845 | €426,960 | +€381,115 | +831% |
| Stocks and contracts in progress | 3 | - | €33,099 | +€33,099 | |
| Stocks | 30/36 | - | €33,099 | +€33,099 | |
| Amounts receivable within one year | 40/41 | €33,143 | €33,885 | +€742 | +2.2% |
| Trade receivables | 40 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | €33,143 | €31,885 | -€1,258 | -3.8% |
| Cash at bank and in hand | 54/58 | €12,702 | €359,869 | +€347,167 | +2,733% |
| Deferred charges and accrued income | 490/1 | - | €108 | +€108 | |
| Total equity and liabilities | 10/49 | €866,836 | €1,198,783 | +€331,947 | +38.3% |
| Equity | 10/15 | -€76,065 | -€79,415 | -€3,350 | -4.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,065 | -€129,415 | -€3,350 | -2.7% |
| Amounts payable | 17/49 | €942,901 | €1,278,198 | +€335,297 | +35.6% |
| Amounts payable after more than one year | 17 | €927,939 | €1,242,361 | +€314,422 | +33.9% |
| Financial debts | 170/4 | €145,041 | €451,409 | +€306,368 | +211% |
| Other amounts payable | 178/9 | €782,898 | €790,952 | +€8,054 | +1.0% |
| Amounts payable within one year | 42/48 | €14,962 | €35,837 | +€20,875 | +140% |
| Current portion of amounts payable after more than one year | 42 | €2,860 | €28,280 | +€25,420 | +889% |
| Trade debts | 44 | €3,034 | €574 | -€2,461 | -81.1% |
| Suppliers | 440/4 | €3,034 | €574 | -€2,461 | -81.1% |
| Taxes, remuneration and social security | 45 | €255 | €260 | +€5 | +2.1% |
| Taxes | 450/3 | €255 | €260 | +€5 | +2.1% |
| Other amounts payable | 47/48 | €8,813 | €6,723 | -€2,089 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,009 | €49,168 | -€2,841 | -5.5% |
| Other operating charges | 640/8 | €3,531 | €4,730 | +€1,199 | +33.9% |
| Gross operating margin | 9900 | €59,781 | €57,458 | -€2,323 | -3.9% |
| Operating profit (loss) | 9901 | €4,241 | €3,560 | -€681 | -16.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €884 | €6,650 | +€5,767 | +652% |
| Recurring financial charges | 65 | €884 | €6,650 | +€5,767 | +652% |
| Profit (loss) for the period before taxes | 9903 | €3,357 | -€3,090 | -€6,448 | |
| Income taxes | 67/77 | €255 | €260 | +€5 | +2.1% |
| Profit (loss) for the period | 9904 | €3,103 | -€3,350 | -€6,453 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,103 | -€3,350 | -€6,453 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.