Foca: 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.
Foca
Largest movements
- Cash -€390,208
down €390,208 (-69.5%), from €561,071 to €170,862
mainly Contributions, distributions and other (-€270,000) and Current investments (-€149,605)
- Current investments +€149,605
new in 2025: €149,605
- Receivables within one year +€141,116
up €141,116 (+67.1%), from €210,398 to €351,515
of which Trade receivables: +€150,105
- Receivables after one year +€123,000
up €123,000 (+36.5%), from €336,850 to €459,850
- Stocks and contracts -€23,052
down €23,052 (-10.4%), from €222,210 to €199,158
of which Contracts in progress: -€21,835
- Trade debts +€144,899
up €144,899 (+107.6%), from €134,725 to €279,624
- Debts after one year -€117,801
down €117,801 (-45.2%), from €260,584 to €142,783
- Other debts +€86,168
up €86,168 (+31.4%), from €274,713 to €360,881
- Accrued charges and deferred income -€49,631
down €49,631 (-24.3%), from €204,300 to €154,669
- Reserves -€46,504
down €46,504 (-7.8%), from €595,079 to €548,575
of which Distributable reserves: -€45,500
- Gross operating margin -€121,019
down €121,019 (-11.0%), from €1.1m to €982,095
- Provisions -€40,000
down €40,000, from €20,000 to -€20,000
- Taxes -€18,315
down €18,315 (-34.8%), from €52,632 to €34,317
- Other operating charges +€11,621
up €11,621 (+236.9%), from €4,906 to €16,527
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 | €1,621,603 | €1,615,163 | -€6,440 | -0.4% |
| Fixed assets | 21/28 | €264,238 | €258,060 | -€6,178 | -2.3% |
| Tangible fixed assets | 22/27 | €261,960 | €255,781 | -€6,178 | -2.4% |
| Land and buildings | 22 | €10,546 | €9,273 | -€1,273 | -12.1% |
| Plant, machinery and equipment | 23 | €21,597 | €39,944 | +€18,346 | +84.9% |
| Furniture and vehicles | 24 | €73,601 | €49,225 | -€24,377 | -33.1% |
| Other tangible fixed assets | 26 | €156,215 | €157,340 | +€1,125 | +0.7% |
| Financial fixed assets | 28 | €2,279 | €2,279 | = | 0.0% |
| Current assets | 29/58 | €1,357,365 | €1,357,103 | -€262 | 0.0% |
| Amounts receivable after more than one year | 29 | €336,850 | €459,850 | +€123,000 | +36.5% |
| Other amounts receivable | 291 | €336,850 | €459,850 | +€123,000 | +36.5% |
| Stocks and contracts in progress | 3 | €222,210 | €199,158 | -€23,052 | -10.4% |
| Stocks | 30/36 | €200,375 | €199,158 | -€1,217 | -0.6% |
| Contracts in progress | 37 | €21,835 | - | -€21,835 | |
| Amounts receivable within one year | 40/41 | €210,398 | €351,515 | +€141,116 | +67.1% |
| Trade receivables | 40 | €178,967 | €329,073 | +€150,105 | +83.9% |
| Other amounts receivable | 41 | €31,431 | €22,442 | -€8,989 | -28.6% |
| Current investments | 50/53 | - | €149,605 | +€149,605 | |
| Cash at bank and in hand | 54/58 | €561,071 | €170,862 | -€390,208 | -69.5% |
| Deferred charges and accrued income | 490/1 | €26,836 | €26,113 | -€723 | -2.7% |
| Total equity and liabilities | 10/49 | €1,621,603 | €1,615,163 | -€6,440 | -0.4% |
| Equity | 10/15 | €627,360 | €580,969 | -€46,390 | -7.4% |
| Contributions | 10/11 | €32,000 | €32,000 | = | 0.0% |
| Reserves | 13 | €595,079 | €548,575 | -€46,504 | -7.8% |
| Tax-exempt reserves | 132 | €6,079 | €5,075 | -€1,004 | -16.5% |
| Distributable reserves | 133 | €589,000 | €543,500 | -€45,500 | -7.7% |
| Profit (loss) carried forward | 14 | €281 | €394 | +€113 | +40.4% |
| Provisions and deferred taxes | 16 | €22,026 | €1,692 | -€20,335 | -92.3% |
| Provisions for liabilities and charges | 160/5 | €20,000 | - | -€20,000 | |
| Other liabilities and charges | 164/5 | €20,000 | - | -€20,000 | |
| Deferred taxes | 168 | €2,026 | €1,692 | -€335 | -16.5% |
| Amounts payable | 17/49 | €972,217 | €1,032,502 | +€60,284 | +6.2% |
| Amounts payable after more than one year | 17 | €260,584 | €142,783 | -€117,801 | -45.2% |
| Financial debts | 170/4 | €260,584 | €142,783 | -€117,801 | -45.2% |
| Amounts payable within one year | 42/48 | €507,333 | €735,050 | +€227,716 | +44.9% |
| Current portion of amounts payable after more than one year | 42 | €54,548 | €53,174 | -€1,374 | -2.5% |
| Trade debts | 44 | €134,725 | €279,624 | +€144,899 | +107.6% |
| Suppliers | 440/4 | €134,725 | €279,624 | +€144,899 | +107.6% |
| Taxes, remuneration and social security | 45 | €43,346 | €41,370 | -€1,976 | -4.6% |
| Taxes | 450/3 | €4,136 | €4,566 | +€429 | +10.4% |
| Remuneration and social security | 454/9 | €39,210 | €36,804 | -€2,405 | -6.1% |
| Other amounts payable | 47/48 | €274,713 | €360,881 | +€86,168 | +31.4% |
| Accrued charges and deferred income | 492/3 | €204,300 | €154,669 | -€49,631 | -24.3% |
| Non-recurring operating income | 76A | - | €3,178 | +€3,178 | |
| Remuneration, social security and pensions | 62 | €659,476 | €655,226 | -€4,250 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,868 | €60,741 | -€6,127 | -9.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €20,000 | -€20,000 | -€40,000 | |
| Other operating charges | 640/8 | €4,906 | €16,527 | +€11,621 | +236.9% |
| Gross operating margin | 9900 | €1,103,114 | €982,095 | -€121,019 | -11.0% |
| Operating profit (loss) | 9901 | €351,864 | €269,601 | -€82,263 | -23.4% |
| Financial income | 75/76B | €4,381 | €10,329 | +€5,947 | +135.7% |
| Recurring financial income | 75 | €4,381 | €10,329 | +€5,947 | +135.7% |
| Financial charges | 65/66B | €22,241 | €22,338 | +€97 | +0.4% |
| Recurring financial charges | 65 | €22,241 | €22,338 | +€97 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €334,004 | €257,592 | -€76,412 | -22.9% |
| Transfer from deferred taxes | 780 | €340 | €335 | -€6 | -1.7% |
| Income taxes | 67/77 | €52,632 | €34,317 | -€18,315 | -34.8% |
| Profit (loss) for the period | 9904 | €281,713 | €223,610 | -€58,103 | -20.6% |
| Transfer from tax-exempt reserves | 789 | €1,021 | €1,004 | -€18 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €282,734 | €224,613 | -€58,120 | -20.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.