FOGIE: 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.
FOGIE
Largest movements
- Cash +€214,715
up €214,715 (+241.5%), from €88,922 to €303,637
mainly Net result for the year (+€198,633) and Tax, wage and social debts (+€56,408)
- Tangible fixed assets +€72,321
new in 2025: €72,321
- Receivables within one year +€27,760
new in 2025: €27,760
- Deferred charges and accrued income +€11,139
up €11,139 (+1036.2%), from €1,075 to €12,214
- Reserves +€198,633
up €198,633 (+322.7%), from €61,554 to €260,187
- Tax, wage and social debts +€56,408
up €56,408 (+240.5%), from €23,455 to €79,863
- Debts after one year +€55,926
new in 2025: €55,926
- Current portion of long-term debt +€16,578
new in 2025: €16,578
- Gross operating margin +€210,978
up €210,978 (+248.2%), from €85,009 to €295,987
- Taxes +€63,945
up €63,945 (+272.6%), from €23,455 to €87,400
- Depreciation +€9,013
new in 2025: €9,013
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 | €89,997 | €415,932 | +€325,935 | +362.2% |
| Fixed assets | 21/28 | - | €72,321 | +€72,321 | |
| Tangible fixed assets | 22/27 | - | €72,321 | +€72,321 | |
| Furniture and vehicles | 24 | - | €72,321 | +€72,321 | |
| Current assets | 29/58 | €89,997 | €343,611 | +€253,614 | +281.8% |
| Amounts receivable within one year | 40/41 | - | €27,760 | +€27,760 | |
| Other amounts receivable | 41 | - | €27,760 | +€27,760 | |
| Cash at bank and in hand | 54/58 | €88,922 | €303,637 | +€214,715 | +241.5% |
| Deferred charges and accrued income | 490/1 | €1,075 | €12,214 | +€11,139 | +1036.2% |
| Total equity and liabilities | 10/49 | €89,997 | €415,932 | +€325,935 | +362.2% |
| Equity | 10/15 | €64,554 | €263,187 | +€198,633 | +307.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €61,554 | €260,187 | +€198,633 | +322.7% |
| Distributable reserves | 133 | €61,554 | €260,187 | +€198,633 | +322.7% |
| Amounts payable | 17/49 | €25,443 | €152,745 | +€127,302 | +500.3% |
| Amounts payable after more than one year | 17 | - | €55,926 | +€55,926 | |
| Financial debts | 170/4 | - | €55,926 | +€55,926 | |
| Amounts payable within one year | 42/48 | €25,443 | €96,819 | +€71,376 | +280.5% |
| Current portion of amounts payable after more than one year | 42 | - | €16,578 | +€16,578 | |
| Trade debts | 44 | €881 | €377 | -€504 | -57.2% |
| Suppliers | 440/4 | €881 | €377 | -€504 | -57.2% |
| Taxes, remuneration and social security | 45 | €23,455 | €79,863 | +€56,408 | +240.5% |
| Taxes | 450/3 | €23,455 | €79,863 | +€56,408 | +240.5% |
| Other amounts payable | 47/48 | €1,107 | - | -€1,107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,013 | +€9,013 | |
| Gross operating margin | 9900 | €85,009 | €295,987 | +€210,978 | +248.2% |
| Operating profit (loss) | 9901 | €85,009 | €286,974 | +€201,965 | +237.6% |
| Financial income | 75/76B | - | €410 | +€410 | |
| Recurring financial income | 75 | - | €410 | +€410 | |
| Financial charges | 65/66B | - | €1,351 | +€1,351 | |
| Recurring financial charges | 65 | - | €1,351 | +€1,351 | |
| Profit (loss) for the period before taxes | 9903 | €85,009 | €286,033 | +€201,024 | +236.5% |
| Income taxes | 67/77 | €23,455 | €87,400 | +€63,945 | +272.6% |
| Profit (loss) for the period | 9904 | €61,554 | €198,633 | +€137,079 | +222.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,554 | €198,633 | +€137,079 | +222.7% |
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 29 September 2026 via checked.be.