FOCO CONSTRUCT: 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.
FOCO CONSTRUCT
Largest movements
- Receivables within one year +€86,881
up €86,881 (+281%), from €30,949 to €117,830
of which Trade receivables: +€80,692
- Tangible fixed assets -€15,683
down €15,683 (-26.2%), from €59,887 to €44,204
of which Leasing and similar rights: -€11,685
- Cash -€5,348
down €5,348 (-75.3%), from €7,098 to €1,750
mainly Receivables within one year (-€86,881) and Debts after one year (-€11,134)
- Deferred charges and accrued income -€4,570
down €4,570 (-80.7%), from €5,660 to €1,090
- Financial fixed assets +€2,000
up €2,000 (+31.8%), from €6,282 to €8,282
- Profit (loss) carried forward +€42,627
up €42,627 (+311%), from €13,713 to €56,340
- Trade debts +€29,269
up €29,269 (+78.4%), from €37,338 to €66,608
- Debts after one year -€11,134
down €11,134 (-30.6%), from €36,327 to €25,193
- Tax, wage and social debts +€7,586
up €7,586 (+121%), from €6,295 to €13,880
of which Taxes: +€4,216
- Other debts -€5,848
no longer reported in 2025 (was €5,848)
- Gross operating margin +€49,122
up €49,122 (+258%), from €19,051 to €68,173
- Taxes +€5,898
new in 2025: €5,898
- Depreciation +€5,331
up €5,331 (+73.9%), from €7,210 to €12,541
- Financial charges +€2,862
up €2,862 (+191%), from €1,502 to €4,364
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 | €109,876 | €173,156 | +€63,280 | +57.6% |
| Fixed assets | 21/28 | €66,169 | €52,486 | -€13,683 | -20.7% |
| Tangible fixed assets | 22/27 | €59,887 | €44,204 | -€15,683 | -26.2% |
| Furniture and vehicles | 24 | €4,982 | €984 | -€3,998 | -80.2% |
| Leasing and similar rights | 25 | €54,904 | €43,219 | -€11,685 | -21.3% |
| Financial fixed assets | 28 | €6,282 | €8,282 | +€2,000 | +31.8% |
| Current assets | 29/58 | €43,707 | €120,670 | +€76,963 | +176% |
| Amounts receivable within one year | 40/41 | €30,949 | €117,830 | +€86,881 | +281% |
| Trade receivables | 40 | €29,538 | €110,230 | +€80,692 | +273% |
| Other amounts receivable | 41 | €1,411 | €7,600 | +€6,188 | +439% |
| Cash at bank and in hand | 54/58 | €7,098 | €1,750 | -€5,348 | -75.3% |
| Deferred charges and accrued income | 490/1 | €5,660 | €1,090 | -€4,570 | -80.7% |
| Total equity and liabilities | 10/49 | €109,876 | €173,156 | +€63,280 | +57.6% |
| Equity | 10/15 | €13,714 | €56,341 | +€42,627 | +311% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,713 | €56,340 | +€42,627 | +311% |
| Amounts payable | 17/49 | €96,162 | €116,815 | +€20,653 | +21.5% |
| Amounts payable after more than one year | 17 | €36,327 | €25,193 | -€11,134 | -30.6% |
| Financial debts | 170/4 | €36,327 | €25,193 | -€11,134 | -30.6% |
| Amounts payable within one year | 42/48 | €59,835 | €91,622 | +€31,787 | +53.1% |
| Current portion of amounts payable after more than one year | 42 | €10,355 | €11,134 | +€780 | +7.5% |
| Trade debts | 44 | €37,338 | €66,608 | +€29,269 | +78.4% |
| Suppliers | 440/4 | €37,338 | €66,608 | +€29,269 | +78.4% |
| Taxes, remuneration and social security | 45 | €6,295 | €13,880 | +€7,586 | +121% |
| Taxes | 450/3 | €1,682 | €5,898 | +€4,216 | +251% |
| Remuneration and social security | 454/9 | €4,613 | €7,982 | +€3,370 | +73.1% |
| Other amounts payable | 47/48 | €5,848 | - | -€5,848 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,210 | €12,541 | +€5,331 | +73.9% |
| Other operating charges | 640/8 | €3,134 | €2,810 | -€323 | -10.3% |
| Gross operating margin | 9900 | €19,051 | €68,173 | +€49,122 | +258% |
| Operating profit (loss) | 9901 | €8,707 | €52,822 | +€44,115 | +507% |
| Financial income | 75/76B | €0 | €67 | +€67 | +224,167% |
| Recurring financial income | 75 | €0 | €67 | +€67 | +224,167% |
| Financial charges | 65/66B | €1,502 | €4,364 | +€2,862 | +191% |
| Recurring financial charges | 65 | €1,502 | €4,364 | +€2,862 | +191% |
| Profit (loss) for the period before taxes | 9903 | €7,205 | €48,525 | +€41,320 | +573% |
| Income taxes | 67/77 | - | €5,898 | +€5,898 | |
| Profit (loss) for the period | 9904 | €7,205 | €42,627 | +€35,422 | +492% |
| Profit (loss) for the period to be appropriated | 9905 | €7,205 | €42,627 | +€35,422 | +492% |
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 19 October 2026 via checked.be.