FOAM: 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.
FOAM
Largest movements
- Receivables within one year +€5,547
new in 2025: €5,547
- Cash -€378
down €378 (-2.5%), from €15,008 to €14,630
mainly Receivables within one year (-€5,547) and Tax, wage and social debts (-€2,865)
- Tangible fixed assets -€362
down €362 (-11.7%), from €3,085 to €2,723
of which Plant, machinery and equipment: -€1,686
- Trade debts +€5,680
up €5,680 (+1412.9%), from €402 to €6,082
of which Bills of exchange payable: +€5,932
- Profit (loss) carried forward +€3,813
up €3,813 (+63.7%), from -€5,988 to -€2,175
- Tax, wage and social debts -€2,865
down €2,865 (-96.5%), from €2,970 to €105
- Other debts -€1,591
down €1,591 (-91.4%), from €1,741 to €150
- Gross operating margin -€4,578
down €4,578 (-35.3%), from €12,978 to €8,400
- Other operating charges -€151
down €151 (-6.6%), from €2,295 to €2,144
- Depreciation +€139
up €139 (+6.9%), from €2,004 to €2,143
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.
Cash bridge derived
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 | €18,209 | €23,246 | +€5,037 | +27.7% |
| Fixed assets | 21/28 | €3,085 | €2,723 | -€362 | -11.7% |
| Tangible fixed assets | 22/27 | €3,085 | €2,723 | -€362 | -11.7% |
| Plant, machinery and equipment | 23 | €1,687 | €1 | -€1,686 | -99.9% |
| Furniture and vehicles | 24 | €1,398 | €1,016 | -€382 | -27.3% |
| Other tangible fixed assets | 26 | - | €1,706 | +€1,706 | |
| Current assets | 29/58 | €15,124 | €20,523 | +€5,399 | +35.7% |
| Amounts receivable within one year | 40/41 | - | €5,547 | +€5,547 | |
| Other amounts receivable | 41 | - | €5,547 | +€5,547 | |
| Cash at bank and in hand | 54/58 | €15,008 | €14,630 | -€378 | -2.5% |
| Deferred charges and accrued income | 490/1 | €116 | €346 | +€230 | +198.3% |
| Total equity and liabilities | 10/49 | €18,209 | €23,246 | +€5,037 | +27.7% |
| Equity | 10/15 | €13,096 | €16,909 | +€3,813 | +29.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €484 | €484 | = | 0.0% |
| Non-distributable reserves | 130/1 | €484 | €484 | = | 0.0% |
| Legal reserve | 130 | €484 | - | -€484 | |
| Reserves not available under the articles | 1311 | - | €484 | +€484 | |
| Profit (loss) carried forward | 14 | -€5,988 | -€2,175 | +€3,813 | +63.7% |
| Amounts payable | 17/49 | €5,113 | €6,337 | +€1,224 | +23.9% |
| Amounts payable within one year | 42/48 | €5,113 | €6,337 | +€1,224 | +23.9% |
| Trade debts | 44 | €402 | €6,082 | +€5,680 | +1412.9% |
| Suppliers | 440/4 | €402 | €150 | -€252 | -62.7% |
| Bills of exchange payable | 441 | - | €5,932 | +€5,932 | |
| Taxes, remuneration and social security | 45 | €2,970 | €105 | -€2,865 | -96.5% |
| Taxes | 450/3 | €2,970 | €105 | -€2,865 | -96.5% |
| Other amounts payable | 47/48 | €1,741 | €150 | -€1,591 | -91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,004 | €2,143 | +€139 | +6.9% |
| Other operating charges | 640/8 | €2,295 | €2,144 | -€151 | -6.6% |
| Gross operating margin | 9900 | €12,978 | €8,400 | -€4,578 | -35.3% |
| Operating profit (loss) | 9901 | €8,679 | €4,113 | -€4,566 | -52.6% |
| Financial charges | 65/66B | €340 | €300 | -€40 | -11.8% |
| Recurring financial charges | 65 | €340 | €300 | -€40 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €8,339 | €3,813 | -€4,526 | -54.3% |
| Profit (loss) for the period | 9904 | €8,339 | €3,813 | -€4,526 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,339 | €3,813 | -€4,526 | -54.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.