FOBA: what changed
Two fiscal 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.
FOBA
Largest movements
- Cash -€20,242
down €20,242 (-41.8%), from €48,482 to €28,240
mainly Contributions, distributions and other (-€178,137) and Investment in fixed assets (net) (-€25,666)
- Tangible fixed assets -€15,915
down €15,915 (-3.3%), from €485,160 to €469,245
of which Furniture and vehicles: -€22,799
- Reserves -€89,583
down €89,583 (-28.5%), from €313,919 to €224,336
- Other debts +€68,444
up €68,444 (+40.5%), from €168,882 to €237,327
- Debts after one year -€12,726
down €12,726 (-48.9%), from €26,017 to €13,291
- Financial charges -€20,941
down €20,941 (-63.8%), from €32,804 to €11,863
- Gross operating margin -€9,655
down €9,655 (-5.4%), from €180,433 to €170,778
- Taxes +€4,190
up €4,190 (+18.9%), from €22,147 to €26,336
- Depreciation -€2,704
down €2,704 (-6.1%), from €44,285 to €41,581
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €552,779 | €513,431 | -€39,347 | -7.1% |
| Fixed assets | 21/28 | €485,160 | €469,245 | -€15,915 | -3.3% |
| Tangible fixed assets | 22/27 | €485,160 | €469,245 | -€15,915 | -3.3% |
| Land and buildings | 22 | €418,004 | €421,859 | +€3,855 | +0.9% |
| Plant, machinery and equipment | 23 | - | €3,029 | +€3,029 | |
| Furniture and vehicles | 24 | €67,156 | €44,357 | -€22,799 | -33.9% |
| Current assets | 29/58 | €67,618 | €44,186 | -€23,432 | -34.7% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €13,346 | €11,173 | -€2,173 | -16.3% |
| Trade receivables | 40 | €7,492 | €8,570 | +€1,077 | +14.4% |
| Other amounts receivable | 41 | €5,853 | €2,603 | -€3,250 | -55.5% |
| Current investments | 50/53 | €1 | €0 | -€1 | -100.0% |
| Cash at bank and in hand | 54/58 | €48,482 | €28,240 | -€20,242 | -41.8% |
| Deferred charges and accrued income | 490/1 | €5,790 | €4,774 | -€1,016 | -17.5% |
| Total equity and liabilities | 10/49 | €552,779 | €513,431 | -€39,347 | -7.1% |
| Equity | 10/15 | €314,019 | €224,436 | -€89,583 | -28.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €313,919 | €224,336 | -€89,583 | -28.5% |
| Distributable reserves | 133 | €313,919 | €224,336 | -€89,583 | -28.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €238,760 | €288,995 | +€50,235 | +21.0% |
| Amounts payable after more than one year | 17 | €26,017 | €13,291 | -€12,726 | -48.9% |
| Financial debts | 170/4 | €26,017 | €13,291 | -€12,726 | -48.9% |
| Amounts payable within one year | 42/48 | €202,549 | €264,867 | +€62,318 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €12,186 | €12,726 | +€541 | +4.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,647 | €1,426 | -€4,221 | -74.7% |
| Suppliers | 440/4 | €5,647 | €1,426 | -€4,221 | -74.7% |
| Taxes, remuneration and social security | 45 | €15,834 | €13,388 | -€2,446 | -15.4% |
| Taxes | 450/3 | €14,834 | €11,088 | -€3,746 | -25.3% |
| Remuneration and social security | 454/9 | €1,000 | €2,300 | +€1,300 | +130.0% |
| Other amounts payable | 47/48 | €168,882 | €237,327 | +€68,444 | +40.5% |
| Accrued charges and deferred income | 492/3 | €10,194 | €10,837 | +€644 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,285 | €41,581 | -€2,704 | -6.1% |
| Other operating charges | 640/8 | €1,805 | €2,444 | +€639 | +35.4% |
| Non-recurring operating charges | 66A | €1,607 | €0 | -€1,607 | -100.0% |
| Gross operating margin | 9900 | €180,433 | €170,778 | -€9,655 | -5.4% |
| Operating profit (loss) | 9901 | €132,736 | €126,753 | -€5,982 | -4.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €32,804 | €11,863 | -€20,941 | -63.8% |
| Recurring financial charges | 65 | €32,804 | €11,863 | -€20,941 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | €99,931 | €114,890 | +€14,959 | +15.0% |
| Income taxes | 67/77 | €22,147 | €26,336 | +€4,190 | +18.9% |
| Profit (loss) for the period | 9904 | €77,785 | €88,554 | +€10,769 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €77,785 | €88,554 | +€10,769 | +13.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.