FOETS DENIS: 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
FOETS DENIS
NACE 77.320, Rental and leasing activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€712,588
2024 · €597,284+€115,304
Equity
€8.4m
2024 · €7.7m+€712,588
Cash
€1.8m
2024 · €2.5m-€682,867
Balance sheet total
€10.6m
2024 · €10.9m-€251,646
Largest movements
Assets
- Cash -€682,867
down €682,867 (-27.2%), from €2.5m to €1.8m
mainly Trade debts (-€1.2m) and Stocks and contracts (-€450,220)
- Stocks and contracts +€450,220
up €450,220 (+8.6%), from €5.2m to €5.7m
Equity and liabilities
- Trade debts -€1.2m
down €1.2m (-40.6%), from €2.8m to €1.7m
- Reserves +€712,588
up €712,588 (+10.3%), from €6.9m to €7.6m
of which Distributable reserves: +€1.0m
- Other debts +€143,093
up €143,093 (+100.0%), from €143,109 to €286,201
Income statement
- Turnover -€1.3m
down €1.3m (-8.0%), from €16.6m to €15.3m
- Goods and materials -€822,172
down €822,172 (-7.1%), from €11.6m to €10.8m
of which Purchases: -€1.4m
- Services and other goods -€342,053
down €342,053 (-17.0%), from €2.0m to €1.7m
- Staff costs -€271,108
down €271,108 (-15.4%), from €1.8m to €1.5m
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
€597,284
Turnover
-€1.3m
Other operating income
+€432
Goods and materials
+€822,172
Services and other goods
+€342,053
Staff costs
+€271,108
Depreciation
+€103,141
Write-downs
+€18,816
Other operating charges
+€16,318
Other operating items
+€30,972
Financial income
-€5,945
Financial charges
+€3,374
Taxes
-€156,993
Result 2025
€712,588
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
-€573,083
Investment
-€109,783
Financing
€0
Cash 2024
€2.5m
From operations (derived)
-€573,083
Net result for the year
+€712,588
Depreciation
+€160,745
Receivables after one year
-€13,799
Stocks and contracts
-€450,220
Receivables within one year
+€4,781
Deferred charges and accrued income
-€22,944
Trade debts
-€1.2m
Tax, wage and social debts
+€47,988
Other debts
+€143,093
Investment (derived)
-€109,783
Investment in fixed assets (net)
-€109,783
Cash 2025
€1.8m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,867,203 | €10,615,557 | -€251,646 | -2.3% |
| Fixed assets | 21/28 | €508,909 | €457,947 | -€50,962 | -10.0% |
| Intangible fixed assets | 21 | €1,005 | €506 | -€499 | -49.7% |
| Tangible fixed assets | 22/27 | €501,813 | €451,350 | -€50,463 | -10.1% |
| Plant, machinery and equipment | 23 | €2,579 | €1,739 | -€840 | -32.6% |
| Furniture and vehicles | 24 | €296,833 | €290,033 | -€6,800 | -2.3% |
| Other tangible fixed assets | 26 | €202,401 | €159,578 | -€42,823 | -21.2% |
| Financial fixed assets | 28 | €6,092 | €6,092 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,092 | €6,092 | = | 0.0% |
| Shares | 284 | €1,200 | €1,200 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €4,892 | €4,892 | = | 0.0% |
| Current assets | 29/58 | €10,358,294 | €10,157,610 | -€200,684 | -1.9% |
| Amounts receivable after more than one year | 29 | €679,196 | €692,996 | +€13,799 | +2.0% |
| Other amounts receivable | 291 | €679,196 | €692,996 | +€13,799 | +2.0% |
| Stocks and contracts in progress | 3 | €5,231,100 | €5,681,320 | +€450,220 | +8.6% |
| Stocks | 30/36 | €5,231,100 | €5,681,320 | +€450,220 | +8.6% |
| Goods purchased for resale | 34 | €5,231,100 | €5,681,320 | +€450,220 | +8.6% |
| Amounts receivable within one year | 40/41 | €1,900,360 | €1,895,579 | -€4,781 | -0.3% |
| Trade receivables | 40 | €1,532,620 | €1,676,374 | +€143,754 | +9.4% |
| Other amounts receivable | 41 | €367,739 | €219,205 | -€148,534 | -40.4% |
| Cash at bank and in hand | 54/58 | €2,510,760 | €1,827,894 | -€682,867 | -27.2% |
| Deferred charges and accrued income | 490/1 | €36,877 | €59,821 | +€22,944 | +62.2% |
| Total equity and liabilities | 10/49 | €10,867,203 | €10,615,557 | -€251,646 | -2.3% |
| Equity | 10/15 | €7,683,478 | €8,396,066 | +€712,588 | +9.3% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €6,933,478 | €7,646,066 | +€712,588 | +10.3% |
| Non-distributable reserves | 130/1 | €75,000 | €75,000 | = | 0.0% |
| Legal reserve | 130 | €75,000 | €75,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €310,006 | €6 | -€310,000 | -100.0% |
| Distributable reserves | 133 | €6,548,472 | €7,571,060 | +€1.0m | +15.6% |
| Amounts payable | 17/49 | €3,183,725 | €2,219,491 | -€964,234 | -30.3% |
| Amounts payable within one year | 42/48 | €3,183,725 | €2,219,491 | -€964,234 | -30.3% |
| Trade debts | 44 | €2,842,619 | €1,687,305 | -€1.2m | -40.6% |
| Suppliers | 440/4 | €2,842,619 | €1,687,305 | -€1.2m | -40.6% |
| Taxes, remuneration and social security | 45 | €197,998 | €245,986 | +€47,988 | +24.2% |
| Taxes | 450/3 | €13,084 | €13,016 | -€68 | -0.5% |
| Remuneration and social security | 454/9 | €184,914 | €232,970 | +€48,056 | +26.0% |
| Other amounts payable | 47/48 | €143,109 | €286,201 | +€143,093 | +100.0% |
| Operating income | 70/76A | €16,632,177 | €15,302,197 | -€1.3m | -8.0% |
| Turnover | 70 | €16,604,964 | €15,274,820 | -€1.3m | -8.0% |
| Other operating income | 74 | €25,841 | €26,273 | +€432 | +1.7% |
| Non-recurring operating income | 76A | €1,372 | €1,105 | -€267 | -19.5% |
| Operating charges | 60/66A | €15,865,952 | €14,261,105 | -€1.6m | -10.1% |
| Goods for resale, raw materials and consumables | 60 | €11,648,854 | €10,826,683 | -€822,172 | -7.1% |
| Purchases | 600/8 | €12,639,064 | €11,276,903 | -€1.4m | -10.8% |
| Change in stocks: decrease (increase) | 609 | -€990,210 | -€450,220 | +€539,990 | +54.5% |
| Services and other goods | 61 | €2,017,072 | €1,675,019 | -€342,053 | -17.0% |
| Remuneration, social security and pensions | 62 | €1,758,390 | €1,487,283 | -€271,108 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263,887 | €160,745 | -€103,141 | -39.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,086 | -€9,730 | -€18,816 | |
| Other operating charges | 640/8 | €136,157 | €119,838 | -€16,318 | -12.0% |
| Non-recurring operating charges | 66A | €32,506 | €1,266 | -€31,239 | -96.1% |
| Operating profit (loss) | 9901 | €766,225 | €1,041,093 | +€274,868 | +35.9% |
| Financial income | 75/76B | €45,309 | €39,364 | -€5,945 | -13.1% |
| Recurring financial income | 75 | €45,309 | €39,364 | -€5,945 | -13.1% |
| Income from financial fixed assets | 750 | €26,355 | €28,844 | +€2,488 | +9.4% |
| Other financial income | 752/9 | €18,953 | €10,520 | -€8,433 | -44.5% |
| Financial charges | 65/66B | €4,822 | €1,448 | -€3,374 | -70.0% |
| Recurring financial charges | 65 | €4,822 | €1,448 | -€3,374 | -70.0% |
| Debt charges | 650 | €1,255 | €0 | -€1,255 | -100.0% |
| Other financial charges | 652/9 | €3,566 | €1,448 | -€2,119 | -59.4% |
| Profit (loss) for the period before taxes | 9903 | €806,712 | €1,079,009 | +€272,297 | +33.8% |
| Income taxes | 67/77 | €209,428 | €366,421 | +€156,993 | +75.0% |
| Taxes | 670/3 | €300,000 | €366,421 | +€66,421 | +22.1% |
| Tax adjustments and reversals of tax provisions | 77 | €90,572 | €0 | -€90,572 | -100.0% |
| Profit (loss) for the period | 9904 | €597,284 | €712,588 | +€115,304 | +19.3% |
| Transfer from tax-exempt reserves | 789 | €0 | €310,000 | +€310,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €597,284 | €1,022,588 | +€425,304 | +71.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.