FOCOM: 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.
FOCOM
Largest movements
- Stocks and contracts +€1.0m
new in 2025: €1.0m
- Cash +€527,192
up €527,192 (+170.0%), from €310,196 to €837,388
mainly Advances received (+€1.2m) and Trade debts (+€217,394)
- Tangible fixed assets -€26,349
down €26,349 (-15.2%), from €173,815 to €147,466
of which Furniture and vehicles: -€23,426
- Advances received +€1.2m
new in 2025: €1.2m
- Trade debts +€217,394
up €217,394 (+3328.2%), from €6,532 to €223,926
- Tax, wage and social debts +€148,713
up €148,713 (+1474.9%), from €10,083 to €158,796
of which Taxes: +€148,782
- Financial charges +€22,487
up €22,487 (+1025.5%), from €2,193 to €24,680
- Gross operating margin +€8,431
up €8,431 (+13.6%), from €61,812 to €70,243
- Taxes -€2,952
down €2,952 (-83.2%), from €3,547 to €595
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 | €554,976 | €2,082,970 | +€1.5m | +275.3% |
| Fixed assets | 21/28 | €173,815 | €147,466 | -€26,349 | -15.2% |
| Tangible fixed assets | 22/27 | €173,815 | €147,466 | -€26,349 | -15.2% |
| Land and buildings | 22 | €114,535 | €111,999 | -€2,536 | -2.2% |
| Plant, machinery and equipment | 23 | €1,002 | €616 | -€387 | -38.6% |
| Furniture and vehicles | 24 | €58,277 | €34,851 | -€23,426 | -40.2% |
| Current assets | 29/58 | €381,161 | €1,935,505 | +€1.6m | +407.8% |
| Stocks and contracts in progress | 3 | - | €1,036,531 | +€1.0m | |
| Stocks | 30/36 | - | €1,036,531 | +€1.0m | |
| Amounts receivable within one year | 40/41 | €51,907 | €60,463 | +€8,557 | +16.5% |
| Trade receivables | 40 | €987 | €10,963 | +€9,976 | +1010.7% |
| Other amounts receivable | 41 | €50,920 | €49,500 | -€1,420 | -2.8% |
| Cash at bank and in hand | 54/58 | €310,196 | €837,388 | +€527,192 | +170.0% |
| Deferred charges and accrued income | 490/1 | €19,059 | €1,123 | -€17,936 | -94.1% |
| Total equity and liabilities | 10/49 | €554,976 | €2,082,970 | +€1.5m | +275.3% |
| Equity | 10/15 | €202,796 | €203,190 | +€394 | +0.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €102,796 | €103,190 | +€394 | +0.4% |
| Non-distributable reserves | 130/1 | €18,915 | €18,915 | = | 0.0% |
| Legal reserve | 130 | €18,915 | €18,915 | = | 0.0% |
| Distributable reserves | 133 | €83,880 | €84,274 | +€394 | +0.5% |
| Amounts payable | 17/49 | €352,180 | €1,879,781 | +€1.5m | +433.8% |
| Amounts payable after more than one year | 17 | €219,500 | €206,500 | -€13,000 | -5.9% |
| Financial debts | 170/4 | €219,500 | €206,500 | -€13,000 | -5.9% |
| Amounts payable within one year | 42/48 | €132,681 | €1,673,281 | +€1.5m | +1161.1% |
| Current portion of amounts payable after more than one year | 42 | €13,000 | €13,000 | = | 0.0% |
| Trade debts | 44 | €6,532 | €223,926 | +€217,394 | +3328.2% |
| Suppliers | 440/4 | €6,532 | €223,926 | +€217,394 | +3328.2% |
| Advances received on contracts in progress | 46 | - | €1,185,369 | +€1.2m | |
| Taxes, remuneration and social security | 45 | €10,083 | €158,796 | +€148,713 | +1474.9% |
| Taxes | 450/3 | €10,014 | €158,796 | +€148,782 | +1485.7% |
| Remuneration and social security | 454/9 | €69 | €0 | -€69 | -100.0% |
| Other amounts payable | 47/48 | €103,066 | €92,190 | -€10,876 | -10.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,470 | €26,349 | -€121 | -0.5% |
| Other operating charges | 640/8 | €18,077 | €18,224 | +€148 | +0.8% |
| Gross operating margin | 9900 | €61,812 | €70,243 | +€8,431 | +13.6% |
| Operating profit (loss) | 9901 | €17,265 | €25,669 | +€8,404 | +48.7% |
| Financial charges | 65/66B | €2,193 | €24,680 | +€22,487 | +1025.5% |
| Recurring financial charges | 65 | €2,193 | €24,680 | +€22,487 | +1025.5% |
| Profit (loss) for the period before taxes | 9903 | €15,072 | €989 | -€14,083 | -93.4% |
| Income taxes | 67/77 | €3,547 | €595 | -€2,952 | -83.2% |
| Profit (loss) for the period | 9904 | €11,525 | €394 | -€11,131 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,525 | €394 | -€11,131 | -96.6% |
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 11 October 2026 via checked.be.