FOBINVEST: 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.
FOBINVEST
Largest movements
- Receivables within one year +€584,725
up €584,725 (+205%), from €285,465 to €870,190
of which Other amounts receivable: +€583,726
- Cash -€497,448
down €497,448 (-47.3%), from €1.1m to €554,777
mainly Receivables within one year (-€584,725) and Provisions (-€250,000)
- Receivables after one year -€250,000
down €250,000 (-25.0%), from €1.0m to €750,000
- Provisions -€250,000
down €250,000 (-33.3%), from €750,000 to €500,000
- Profit (loss) carried forward +€196,132
up €196,132 (+18.5%), from €1.1m to €1.3m
- Other debts -€99,712
down €99,712 (-70.7%), from €141,015 to €41,303
- Financial income -€63,084
down €63,084 (-70.3%), from €89,703 to €26,619
- Gross operating margin -€23,759
down €23,759 (-628%), from -€3,785 to -€27,544
- Financial charges +€5,425
up €5,425 (+11.5%), from €47,208 to €52,633
- Other operating charges -€277
down €277 (-47.1%), from €588 to €311
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 | €3,798,569 | €3,670,750 | -€127,819 | -3.4% |
| Fixed assets | 21/28 | €750,000 | €750,000 | = | 0.0% |
| Financial fixed assets | 28 | €750,000 | €750,000 | = | 0.0% |
| Current assets | 29/58 | €3,048,569 | €2,920,750 | -€127,819 | -4.2% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €750,000 | -€250,000 | -25.0% |
| Trade receivables | 290 | €1,000,000 | €750,000 | -€250,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €285,465 | €870,190 | +€584,725 | +205% |
| Trade receivables | 40 | - | €998 | +€998 | |
| Other amounts receivable | 41 | €285,465 | €869,191 | +€583,726 | +204% |
| Current investments | 50/53 | €710,879 | €745,783 | +€34,904 | +4.9% |
| Cash at bank and in hand | 54/58 | €1,052,225 | €554,777 | -€497,448 | -47.3% |
| Total equity and liabilities | 10/49 | €3,798,569 | €3,670,750 | -€127,819 | -3.4% |
| Equity | 10/15 | €2,457,944 | €2,654,076 | +€196,132 | +8.0% |
| Contributions | 10/11 | €1,270,000 | €1,270,000 | = | 0.0% |
| Capital | 10 | €1,270,000 | €1,270,000 | = | 0.0% |
| Issued capital | 100 | €1,270,000 | €1,270,000 | = | 0.0% |
| Reserves | 13 | €127,000 | €127,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €127,000 | €127,000 | = | 0.0% |
| Legal reserve | 130 | €127,000 | €127,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,060,944 | €1,257,076 | +€196,132 | +18.5% |
| Provisions and deferred taxes | 16 | €750,000 | €500,000 | -€250,000 | -33.3% |
| Provisions for liabilities and charges | 160/5 | €750,000 | €500,000 | -€250,000 | -33.3% |
| Other liabilities and charges | 164/5 | €750,000 | €500,000 | -€250,000 | -33.3% |
| Amounts payable | 17/49 | €590,624 | €516,674 | -€73,951 | -12.5% |
| Amounts payable after more than one year | 17 | €448,083 | €473,831 | +€25,748 | +5.7% |
| Financial debts | 170/4 | €448,083 | €473,831 | +€25,748 | +5.7% |
| Amounts payable within one year | 42/48 | €142,541 | €42,843 | -€99,699 | -69.9% |
| Trade debts | 44 | €1,527 | €1,540 | +€13 | +0.9% |
| Suppliers | 440/4 | €1,527 | €1,540 | +€13 | +0.9% |
| Other amounts payable | 47/48 | €141,015 | €41,303 | -€99,712 | -70.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€250,000 | -€250,000 | = | 0.0% |
| Other operating charges | 640/8 | €588 | €311 | -€277 | -47.1% |
| Gross operating margin | 9900 | -€3,785 | -€27,544 | -€23,759 | -628% |
| Operating profit (loss) | 9901 | €245,627 | €222,145 | -€23,482 | -9.6% |
| Financial income | 75/76B | €89,703 | €26,619 | -€63,084 | -70.3% |
| Recurring financial income | 75 | €89,703 | €26,619 | -€63,084 | -70.3% |
| Financial charges | 65/66B | €47,208 | €52,633 | +€5,425 | +11.5% |
| Recurring financial charges | 65 | €47,208 | €52,633 | +€5,425 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | €288,122 | €196,132 | -€91,990 | -31.9% |
| Profit (loss) for the period | 9904 | €288,122 | €196,132 | -€91,990 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €288,122 | €196,132 | -€91,990 | -31.9% |
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.