FOCUSS: 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.
FOCUSS
Largest movements
- Cash -€43,408
down €43,408 (-31.2%), from €139,321 to €95,913
mainly Contributions, distributions and other (-€94,944) and Current investments (-€40,958)
- Current investments +€40,958
up €40,958 (+300.3%), from €13,638 to €54,596
- Receivables within one year +€37,817
up €37,817 (+63.4%), from €59,674 to €97,490
of which Trade receivables: +€31,742
- Tangible fixed assets -€18,485
down €18,485 (-24.0%), from €76,969 to €58,484
- Reserves +€18,683
up €18,683 (+8.1%), from €231,378 to €250,062
- Trade debts +€12,123
up €12,123 (+115.3%), from €10,513 to €22,636
- Tax, wage and social debts -€9,056
down €9,056 (-100.0%), from €9,056 to €0
- Contributions -€6,200
down €6,200 (-100.0%), from €6,200 to €0
- Gross operating margin -€11,711
down €11,711 (-7.0%), from €166,835 to €155,124
- Taxes -€9,064
down €9,064 (-22.8%), from €39,731 to €30,666
- Depreciation +€3,030
up €3,030 (+19.6%), from €15,454 to €18,485
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 | €289,601 | €306,483 | +€16,882 | +5.8% |
| Fixed assets | 21/28 | €76,969 | €58,484 | -€18,485 | -24.0% |
| Tangible fixed assets | 22/27 | €76,969 | €58,484 | -€18,485 | -24.0% |
| Furniture and vehicles | 24 | €76,969 | €58,484 | -€18,485 | -24.0% |
| Current assets | 29/58 | €212,632 | €247,999 | +€35,367 | +16.6% |
| Amounts receivable within one year | 40/41 | €59,674 | €97,490 | +€37,817 | +63.4% |
| Trade receivables | 40 | €58,596 | €90,338 | +€31,742 | +54.2% |
| Other amounts receivable | 41 | €1,078 | €7,152 | +€6,074 | +563.6% |
| Current investments | 50/53 | €13,638 | €54,596 | +€40,958 | +300.3% |
| Cash at bank and in hand | 54/58 | €139,321 | €95,913 | -€43,408 | -31.2% |
| Total equity and liabilities | 10/49 | €289,601 | €306,483 | +€16,882 | +5.8% |
| Equity | 10/15 | €240,032 | €252,516 | +€12,483 | +5.2% |
| Contributions | 10/11 | €6,200 | €0 | -€6,200 | -100.0% |
| Reserves | 13 | €231,378 | €250,062 | +€18,683 | +8.1% |
| Distributable reserves | 133 | €231,378 | €250,062 | +€18,683 | +8.1% |
| Profit (loss) carried forward | 14 | €2,454 | €2,454 | = | 0.0% |
| Amounts payable | 17/49 | €49,568 | €53,967 | +€4,399 | +8.9% |
| Amounts payable within one year | 42/48 | €49,568 | €53,967 | +€4,399 | +8.9% |
| Trade debts | 44 | €10,513 | €22,636 | +€12,123 | +115.3% |
| Suppliers | 440/4 | €10,513 | €22,636 | +€12,123 | +115.3% |
| Taxes, remuneration and social security | 45 | €9,056 | €0 | -€9,056 | -100.0% |
| Taxes | 450/3 | €9,056 | €0 | -€9,056 | -100.0% |
| Other amounts payable | 47/48 | €30,000 | €31,331 | +€1,331 | +4.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,454 | €18,485 | +€3,030 | +19.6% |
| Other operating charges | 640/8 | €569 | €585 | +€16 | +2.9% |
| Gross operating margin | 9900 | €166,835 | €155,124 | -€11,711 | -7.0% |
| Operating profit (loss) | 9901 | €150,812 | €136,054 | -€14,757 | -9.8% |
| Financial income | 75/76B | €1,538 | €2,360 | +€822 | +53.4% |
| Recurring financial income | 75 | €1,538 | €2,360 | +€822 | +53.4% |
| Financial charges | 65/66B | €112 | €321 | +€208 | +185.5% |
| Recurring financial charges | 65 | €112 | €321 | +€208 | +185.5% |
| Profit (loss) for the period before taxes | 9903 | €152,238 | €138,094 | -€14,144 | -9.3% |
| Income taxes | 67/77 | €39,731 | €30,666 | -€9,064 | -22.8% |
| Profit (loss) for the period | 9904 | €112,507 | €107,427 | -€5,080 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €112,507 | €107,427 | -€5,080 | -4.5% |
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 7 October 2026 via checked.be.