FOBIE: 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.
FOBIE
Largest movements
- Stocks and contracts -€31,984
down €31,984 (-8.4%), from €382,352 to €350,368
- Receivables within one year -€7,995
down €7,995 (-20.1%), from €39,736 to €31,742
of which Other amounts receivable: -€8,773
- Short-term financial debts +€93,862
up €93,862 (+375.4%), from €25,000 to €118,862
of which Credit institutions: +€83,000
- Profit (loss) carried forward -€68,863
down €68,863 (-573.5%), from -€12,007 to -€80,870
- Trade debts -€41,671
down €41,671 (-41.6%), from €100,122 to €58,452
- Other debts -€20,000
no longer reported in 2025 (was €20,000)
- Gross operating margin -€78,501
down €78,501 (-73.1%), from €107,423 to €28,922
- Taxes -€5,550
down €5,550 (-86.8%), from €6,392 to €842
- Financial income -€5,313
down €5,313 (-76.3%), from €6,964 to €1,651
of which Non-recurring financial income: -€5,381
- Other operating charges -€3,926
down €3,926 (-44.0%), from €8,927 to €5,000
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 | €473,015 | €432,023 | -€40,992 | -8.7% |
| Fixed assets | 21/28 | €12,371 | €8,811 | -€3,559 | -28.8% |
| Tangible fixed assets | 22/27 | €12,371 | €8,811 | -€3,559 | -28.8% |
| Plant, machinery and equipment | 23 | €4,939 | €5,310 | +€371 | +7.5% |
| Furniture and vehicles | 24 | €7,432 | €3,501 | -€3,930 | -52.9% |
| Current assets | 29/58 | €460,645 | €423,212 | -€37,433 | -8.1% |
| Amounts receivable after more than one year | 29 | €31,146 | €32,547 | +€1,402 | +4.5% |
| Other amounts receivable | 291 | €31,146 | €32,547 | +€1,402 | +4.5% |
| Stocks and contracts in progress | 3 | €382,352 | €350,368 | -€31,984 | -8.4% |
| Stocks | 30/36 | €382,352 | €350,368 | -€31,984 | -8.4% |
| Amounts receivable within one year | 40/41 | €39,736 | €31,742 | -€7,995 | -20.1% |
| Trade receivables | 40 | €24,556 | €25,335 | +€778 | +3.2% |
| Other amounts receivable | 41 | €15,180 | €6,407 | -€8,773 | -57.8% |
| Cash at bank and in hand | 54/58 | €4,429 | €5,335 | +€906 | +20.5% |
| Deferred charges and accrued income | 490/1 | €2,982 | €3,220 | +€238 | +8.0% |
| Total equity and liabilities | 10/49 | €473,015 | €432,023 | -€40,992 | -8.7% |
| Equity | 10/15 | €303,239 | €234,375 | -€68,863 | -22.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €296,646 | €296,646 | = | 0.0% |
| Distributable reserves | 133 | €296,646 | €296,646 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,007 | -€80,870 | -€68,863 | -573.5% |
| Amounts payable | 17/49 | €169,777 | €197,648 | +€27,871 | +16.4% |
| Amounts payable within one year | 42/48 | €169,777 | €197,648 | +€27,871 | +16.4% |
| Financial debts | 43 | €25,000 | €118,862 | +€93,862 | +375.4% |
| Credit institutions | 430/8 | €25,000 | €108,000 | +€83,000 | +332.0% |
| Other loans | 439 | - | €10,862 | +€10,862 | |
| Trade debts | 44 | €100,122 | €58,452 | -€41,671 | -41.6% |
| Suppliers | 440/4 | €100,122 | €58,452 | -€41,671 | -41.6% |
| Taxes, remuneration and social security | 45 | €24,655 | €20,334 | -€4,320 | -17.5% |
| Taxes | 450/3 | €22,169 | €12,340 | -€9,828 | -44.3% |
| Remuneration and social security | 454/9 | €2,486 | €7,994 | +€5,508 | +221.6% |
| Other amounts payable | 47/48 | €20,000 | - | -€20,000 | |
| Remuneration, social security and pensions | 62 | €77,926 | €78,909 | +€982 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,305 | €6,049 | +€743 | +14.0% |
| Other operating charges | 640/8 | €8,927 | €5,000 | -€3,926 | -44.0% |
| Gross operating margin | 9900 | €107,423 | €28,922 | -€78,501 | -73.1% |
| Operating profit (loss) | 9901 | €15,265 | -€61,035 | -€76,300 | |
| Financial income | 75/76B | €6,964 | €1,651 | -€5,313 | -76.3% |
| Recurring financial income | 75 | €1,449 | €1,517 | +€69 | +4.7% |
| Non-recurring financial income | 76B | €5,515 | €133 | -€5,381 | -97.6% |
| Financial charges | 65/66B | €7,843 | €8,636 | +€793 | +10.1% |
| Recurring financial charges | 65 | €7,843 | €8,636 | +€793 | +10.1% |
| Profit (loss) for the period before taxes | 9903 | €14,385 | -€68,021 | -€82,406 | |
| Income taxes | 67/77 | €6,392 | €842 | -€5,550 | -86.8% |
| Profit (loss) for the period | 9904 | €7,993 | -€68,863 | -€76,856 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,993 | -€68,863 | -€76,856 |
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 10 October 2026 via checked.be.