FOCQUET: 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.
What changed
FOCQUET
NACE 46.643, Wholesale of electrical equipment, including installation materials
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €1.6m+€193,734
Equity
€10.3m
2024 · €10.1m+€250,908
Cash
€3.0m
2024 · €2.1m+€907,821
Balance sheet total
€13.1m
2024 · €12.4m+€695,596
Largest movements
Assets
- Cash +€907,821
up €907,821 (+43.6%), from €2.1m to €3.0m
mainly Net result for the year (+€1.8m) and Other debts (+€1.1m)
- Stocks and contracts +€665,313
up €665,313 (+11.0%), from €6.0m to €6.7m
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Receivables within one year -€371,330
down €371,330 (-11.1%), from €3.4m to €3.0m
of which Trade receivables: -€548,163
Equity and liabilities
- Other debts +€1.1m
up €1.1m (+275.0%), from €400,000 to €1.5m
- Trade debts -€614,594
down €614,594 (-43.4%), from €1.4m to €801,335
- Profit (loss) carried forward +€250,908
up €250,908 (+835.6%), from €30,026 to €280,934
Income statement
- Goods and materials -€448,110
down €448,110 (-4.5%), from €9.9m to €9.5m
of which Change in stocks: decrease (increase): -€1.0m
- Turnover -€231,693
down €231,693 (-1.5%), from €15.5m to €15.3m
- Services and other goods -€207,754
down €207,754 (-13.0%), from €1.6m to €1.4m
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.
Result 2024
€1.6m
Turnover
-€231,693
Other operating income
-€11,521
Goods and materials
+€448,110
Services and other goods
+€207,754
Staff costs
+€54,677
Depreciation
-€8,069
Write-downs
-€7,333
Provisions
-€70,000
Other operating charges
-€65,047
Other operating items
+€17,365
Financial income
-€25,641
Financial charges
-€63,331
Taxes
-€51,537
Result 2025
€1.8m
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.
From operations
+€2.0m
Investment
+€443,894
Financing
-€1.5m
Cash 2024
€2.1m
From operations (derived)
+€2.0m
Net result for the year
+€1.8m
Depreciation
+€93,089
Stocks and contracts
-€665,313
Receivables within one year
+€371,330
Deferred charges and accrued income
-€30,776
Smaller working-capital items
-€1,421
Trade debts
-€614,594
Tax, wage and social debts
-€39,298
Other debts
+€1.1m
Investment (derived)
+€443,894
Investment in fixed assets (net)
-€56,106
Current investments
+€500,000
Financing
-€1.5m
Contributions, distributions and other
-€1.5m
Cash 2025
€3.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,437,954 | €13,133,550 | +€695,596 | +5.6% |
| Fixed assets | 21/28 | €429,002 | €392,018 | -€36,984 | -8.6% |
| Tangible fixed assets | 22/27 | €356,762 | €319,778 | -€36,984 | -10.4% |
| Plant, machinery and equipment | 23 | €5,297 | €3,711 | -€1,586 | -29.9% |
| Furniture and vehicles | 24 | €275,436 | €249,227 | -€26,209 | -9.5% |
| Other tangible fixed assets | 26 | €76,029 | €66,841 | -€9,188 | -12.1% |
| Financial fixed assets | 28 | €72,240 | €72,240 | = | 0.0% |
| Other financial fixed assets | 284/8 | €72,240 | €72,240 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €72,240 | €72,240 | = | 0.0% |
| Current assets | 29/58 | €12,008,952 | €12,741,532 | +€732,580 | +6.1% |
| Stocks and contracts in progress | 3 | €6,040,900 | €6,706,213 | +€665,313 | +11.0% |
| Stocks | 30/36 | €6,040,900 | €6,706,213 | +€665,313 | +11.0% |
| Goods purchased for resale | 34 | €6,040,900 | €6,706,213 | +€665,313 | +11.0% |
| Amounts receivable within one year | 40/41 | €3,352,600 | €2,981,270 | -€371,330 | -11.1% |
| Trade receivables | 40 | €3,350,672 | €2,802,509 | -€548,163 | -16.4% |
| Other amounts receivable | 41 | €1,928 | €178,760 | +€176,832 | +9171.8% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Other investments | 51/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €2,083,940 | €2,991,761 | +€907,821 | +43.6% |
| Deferred charges and accrued income | 490/1 | €31,512 | €62,288 | +€30,776 | +97.7% |
| Total equity and liabilities | 10/49 | €12,437,954 | €13,133,550 | +€695,596 | +5.6% |
| Equity | 10/15 | €10,077,067 | €10,327,975 | +€250,908 | +2.5% |
| Contributions | 10/11 | €327,219 | €327,219 | +€0 | 0.0% |
| Capital | 10 | €327,219 | €327,219 | +€0 | 0.0% |
| Issued capital | 100 | €327,219 | €327,219 | +€0 | 0.0% |
| Reserves | 13 | €9,719,822 | €9,719,822 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €32,722 | €32,722 | -€0 | 0.0% |
| Legal reserve | 130 | €32,722 | €32,722 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €587,100 | €587,100 | = | 0.0% |
| Distributable reserves | 133 | €9,100,000 | €9,100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,026 | €280,934 | +€250,908 | +835.6% |
| Provisions and deferred taxes | 16 | €29,612 | €29,612 | +€0 | 0.0% |
| Provisions for liabilities and charges | 160/5 | €29,612 | €29,612 | +€0 | 0.0% |
| Environmental obligations | 163 | €13,612 | €13,612 | +€0 | 0.0% |
| Other liabilities and charges | 164/5 | €16,000 | €16,000 | = | 0.0% |
| Amounts payable | 17/49 | €2,331,275 | €2,775,963 | +€444,688 | +19.1% |
| Amounts payable within one year | 42/48 | €2,325,147 | €2,771,256 | +€446,109 | +19.2% |
| Trade debts | 44 | €1,415,929 | €801,335 | -€614,594 | -43.4% |
| Suppliers | 440/4 | €1,415,929 | €801,335 | -€614,594 | -43.4% |
| Taxes, remuneration and social security | 45 | €509,218 | €469,920 | -€39,298 | -7.7% |
| Taxes | 450/3 | €242,196 | €262,590 | +€20,394 | +8.4% |
| Remuneration and social security | 454/9 | €267,022 | €207,330 | -€59,692 | -22.4% |
| Other amounts payable | 47/48 | €400,000 | €1,500,000 | +€1.1m | +275.0% |
| Accrued charges and deferred income | 492/3 | €6,128 | €4,707 | -€1,421 | -23.2% |
| Operating income | 70/76A | €15,556,685 | €15,331,836 | -€224,849 | -1.4% |
| Turnover | 70 | €15,512,457 | €15,280,764 | -€231,693 | -1.5% |
| Other operating income | 74 | €20,452 | €8,931 | -€11,521 | -56.3% |
| Non-recurring operating income | 76A | €23,776 | €42,141 | +€18,365 | +77.2% |
| Operating charges | 60/66A | €13,531,615 | €12,972,523 | -€559,092 | -4.1% |
| Goods for resale, raw materials and consumables | 60 | €9,908,167 | €9,460,057 | -€448,110 | -4.5% |
| Purchases | 600/8 | €9,538,844 | €10,125,369 | +€586,525 | +6.1% |
| Change in stocks: decrease (increase) | 609 | €369,323 | -€665,312 | -€1.0m | |
| Services and other goods | 61 | €1,595,432 | €1,387,678 | -€207,754 | -13.0% |
| Remuneration, social security and pensions | 62 | €1,999,374 | €1,944,697 | -€54,677 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,020 | €93,089 | +€8,069 | +9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,375 | -€5,042 | +€7,333 | +59.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€70,000 | - | +€70,000 | |
| Other operating charges | 640/8 | €25,997 | €91,044 | +€65,047 | +250.2% |
| Non-recurring operating charges | 66A | - | €1,000 | +€1,000 | |
| Operating profit (loss) | 9901 | €2,025,070 | €2,359,313 | +€334,243 | +16.5% |
| Financial income | 75/76B | €116,589 | €90,948 | -€25,641 | -22.0% |
| Recurring financial income | 75 | €116,589 | €90,948 | -€25,641 | -22.0% |
| Income from financial fixed assets | 750 | €5,544 | - | -€5,544 | |
| Income from current assets | 751 | €12,616 | €27,255 | +€14,639 | +116.0% |
| Other financial income | 752/9 | €98,429 | €63,693 | -€34,736 | -35.3% |
| Financial charges | 65/66B | €36,583 | €99,914 | +€63,331 | +173.1% |
| Recurring financial charges | 65 | €36,583 | €99,914 | +€63,331 | +173.1% |
| Debt charges | 650 | €7,275 | - | -€7,275 | |
| Other financial charges | 652/9 | €29,308 | €99,914 | +€70,606 | +240.9% |
| Profit (loss) for the period before taxes | 9903 | €2,105,076 | €2,350,347 | +€245,271 | +11.7% |
| Income taxes | 67/77 | €547,903 | €599,440 | +€51,537 | +9.4% |
| Taxes | 670/3 | €548,137 | €621,023 | +€72,886 | +13.3% |
| Tax adjustments and reversals of tax provisions | 77 | €234 | €21,583 | +€21,349 | +9123.6% |
| Profit (loss) for the period | 9904 | €1,557,173 | €1,750,907 | +€193,734 | +12.4% |
| Transfer from tax-exempt reserves | 789 | €505,200 | - | -€505,200 | |
| Transfer to tax-exempt reserves | 689 | €231,550 | - | -€231,550 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,830,823 | €1,750,907 | -€79,916 | -4.4% |
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 8 October 2026 via checked.be.