FOEK WING: 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.
FOEK WING
Largest movements
- Stocks and contracts -€174,201
down €174,201 (-21.8%), from €800,284 to €626,083
- Tangible fixed assets -€58,603
down €58,603 (-3.9%), from €1.5m to €1.4m
of which Land and buildings: -€29,380
- Receivables within one year -€50,263
down €50,263 (-6.9%), from €725,598 to €675,335
of which Other amounts receivable: -€360,654
- Cash -€38,110
down €38,110 (-77.2%), from €49,383 to €11,273
mainly Trade debts (-€763,537) and Tax, wage and social debts (-€54,989)
- Trade debts -€763,537
down €763,537 (-60.8%), from €1.3m to €491,630
- Advances received +€506,513
new in 2025: €506,513
- Tax, wage and social debts -€54,989
down €54,989 (-25.4%), from €216,448 to €161,460
of which Taxes: -€42,624
- Profit (loss) carried forward -€51,449
down €51,449 (-29.2%), from €176,048 to €124,599
- Current portion of long-term debt +€42,750
up €42,750 (+89.5%), from €47,755 to €90,505
- Gross operating margin -€180,266
down €180,266 (-26.0%), from €692,019 to €511,753
- Staff costs -€58,674
down €58,674 (-12.0%), from €488,498 to €429,824
- Financial income +€10,192
up €10,192 (+850%), from €1,199 to €11,391
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 | €3,065,381 | €2,746,965 | -€318,415 | -10.4% |
| Fixed assets | 21/28 | €1,490,116 | €1,434,274 | -€55,841 | -3.7% |
| Tangible fixed assets | 22/27 | €1,483,671 | €1,425,067 | -€58,603 | -3.9% |
| Land and buildings | 22 | €1,393,179 | €1,363,799 | -€29,380 | -2.1% |
| Plant, machinery and equipment | 23 | €15,556 | €15,103 | -€453 | -2.9% |
| Furniture and vehicles | 24 | €74,936 | €46,166 | -€28,770 | -38.4% |
| Financial fixed assets | 28 | €6,445 | €9,207 | +€2,762 | +42.9% |
| Current assets | 29/58 | €1,575,265 | €1,312,691 | -€262,574 | -16.7% |
| Stocks and contracts in progress | 3 | €800,284 | €626,083 | -€174,201 | -21.8% |
| Stocks | 30/36 | €800,284 | €626,083 | -€174,201 | -21.8% |
| Amounts receivable within one year | 40/41 | €725,598 | €675,335 | -€50,263 | -6.9% |
| Trade receivables | 40 | €126,109 | €436,501 | +€310,391 | +246% |
| Other amounts receivable | 41 | €599,489 | €238,834 | -€360,654 | -60.2% |
| Cash at bank and in hand | 54/58 | €49,383 | €11,273 | -€38,110 | -77.2% |
| Total equity and liabilities | 10/49 | €3,065,381 | €2,746,965 | -€318,415 | -10.4% |
| Equity | 10/15 | €256,466 | €205,017 | -€51,449 | -20.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €5,418 | €5,418 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,418 | €5,418 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,418 | €5,418 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,048 | €124,599 | -€51,449 | -29.2% |
| Amounts payable | 17/49 | €2,808,914 | €2,541,948 | -€266,966 | -9.5% |
| Amounts payable after more than one year | 17 | €896,029 | €927,445 | +€31,416 | +3.5% |
| Financial debts | 170/4 | €896,029 | €927,445 | +€31,416 | +3.5% |
| Amounts payable within one year | 42/48 | €1,912,886 | €1,614,504 | -€298,382 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €47,755 | €90,505 | +€42,750 | +89.5% |
| Financial debts | 43 | - | €2,766 | +€2,766 | |
| Credit institutions | 430/8 | - | €2,766 | +€2,766 | |
| Trade debts | 44 | €1,255,167 | €491,630 | -€763,537 | -60.8% |
| Suppliers | 440/4 | €1,255,167 | €491,630 | -€763,537 | -60.8% |
| Advances received on contracts in progress | 46 | - | €506,513 | +€506,513 | |
| Taxes, remuneration and social security | 45 | €216,448 | €161,460 | -€54,989 | -25.4% |
| Taxes | 450/3 | €93,436 | €50,812 | -€42,624 | -45.6% |
| Remuneration and social security | 454/9 | €123,012 | €110,647 | -€12,365 | -10.1% |
| Other amounts payable | 47/48 | €393,515 | €361,629 | -€31,885 | -8.1% |
| Non-recurring operating income | 76A | €10 | €20 | +€10 | +100% |
| Remuneration, social security and pensions | 62 | €488,498 | €429,824 | -€58,674 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,955 | €79,028 | -€4,927 | -5.9% |
| Other operating charges | 640/8 | €6,663 | €948 | -€5,715 | -85.8% |
| Gross operating margin | 9900 | €692,019 | €511,753 | -€180,266 | -26.0% |
| Operating profit (loss) | 9901 | €112,903 | €1,953 | -€110,949 | -98.3% |
| Financial income | 75/76B | €1,199 | €11,391 | +€10,192 | +850% |
| Recurring financial income | 75 | €1,199 | €11,391 | +€10,192 | +850% |
| Financial charges | 65/66B | €66,153 | €64,794 | -€1,359 | -2.1% |
| Recurring financial charges | 65 | €66,147 | €62,948 | -€3,199 | -4.8% |
| Non-recurring financial charges | 66B | €6 | €1,846 | +€1,840 | +30,167% |
| Profit (loss) for the period before taxes | 9903 | €47,949 | -€51,449 | -€99,398 | |
| Income taxes | 67/77 | €428 | - | -€428 | |
| Profit (loss) for the period | 9904 | €47,521 | -€51,449 | -€98,970 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,521 | -€51,449 | -€98,970 |
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 16 October 2026 via checked.be.