FOBX: 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.
FOBX
Largest movements
- Receivables within one year +€34,108
up €34,108 (+50.2%), from €67,904 to €102,011
of which Trade receivables: +€34,076
- Cash +€18,909
up €18,909 (+108%), from €17,457 to €36,366
mainly Advances received (+€72,600) and Other debts (+€40,000)
- Advances received +€72,600
new in 2025: €72,600
- Trade debts -€63,817
down €63,817 (-91.4%), from €69,821 to €6,005
- Other debts +€40,000
new in 2025: €40,000
- Tax, wage and social debts +€30,669
up €30,669 (+133%), from €22,997 to €53,665
of which Remuneration and social security: +€24,142
- Profit (loss) carried forward -€29,442
down €29,442 (-138%), from -€21,393 to -€50,835
- Staff costs +€177,045
up €177,045 (+320%), from €55,258 to €232,303
- Gross operating margin +€165,421
up €165,421 (+399%), from €41,488 to €206,909
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 | €115,804 | €169,593 | +€53,789 | +46.4% |
| Fixed assets | 21/28 | €942 | €363 | -€579 | -61.4% |
| Tangible fixed assets | 22/27 | €579 | - | -€579 | |
| Other tangible fixed assets | 26 | €579 | - | -€579 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €114,863 | €169,230 | +€54,368 | +47.3% |
| Stocks and contracts in progress | 3 | €29,502 | €30,853 | +€1,351 | +4.6% |
| Stocks | 30/36 | €29,502 | €30,853 | +€1,351 | +4.6% |
| Amounts receivable within one year | 40/41 | €67,904 | €102,011 | +€34,108 | +50.2% |
| Trade receivables | 40 | €65,240 | €99,317 | +€34,076 | +52.2% |
| Other amounts receivable | 41 | €2,663 | €2,695 | +€32 | +1.2% |
| Cash at bank and in hand | 54/58 | €17,457 | €36,366 | +€18,909 | +108% |
| Total equity and liabilities | 10/49 | €115,804 | €169,593 | +€53,789 | +46.4% |
| Equity | 10/15 | -€7,133 | -€30,375 | -€23,242 | -326% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Capital | 10 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,393 | -€50,835 | -€29,442 | -138% |
| Amounts payable | 17/49 | €122,937 | €199,969 | +€77,031 | +62.7% |
| Amounts payable after more than one year | 17 | €30,119 | €27,699 | -€2,421 | -8.0% |
| Other amounts payable | 178/9 | €30,119 | €27,699 | -€2,421 | -8.0% |
| Amounts payable within one year | 42/48 | €92,818 | €172,270 | +€79,452 | +85.6% |
| Trade debts | 44 | €69,821 | €6,005 | -€63,817 | -91.4% |
| Suppliers | 440/4 | €69,821 | €6,005 | -€63,817 | -91.4% |
| Advances received on contracts in progress | 46 | - | €72,600 | +€72,600 | |
| Taxes, remuneration and social security | 45 | €22,997 | €53,665 | +€30,669 | +133% |
| Taxes | 450/3 | €9,377 | €15,903 | +€6,527 | +69.6% |
| Remuneration and social security | 454/9 | €13,620 | €37,762 | +€24,142 | +177% |
| Other amounts payable | 47/48 | - | €40,000 | +€40,000 | |
| Remuneration, social security and pensions | 62 | €55,258 | €232,303 | +€177,045 | +320% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €579 | €579 | +€0 | 0.0% |
| Other operating charges | 640/8 | €380 | €2,326 | +€1,946 | +513% |
| Gross operating margin | 9900 | €41,488 | €206,909 | +€165,421 | +399% |
| Operating profit (loss) | 9901 | -€14,728 | -€28,298 | -€13,570 | -92.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €610 | €1,144 | +€535 | +87.7% |
| Recurring financial charges | 65 | €610 | €1,144 | +€535 | +87.7% |
| Profit (loss) for the period before taxes | 9903 | -€15,338 | -€29,442 | -€14,104 | -92.0% |
| Profit (loss) for the period | 9904 | -€15,338 | -€29,442 | -€14,104 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,338 | -€29,442 | -€14,104 | -92.0% |
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 15 October 2026 via checked.be.