Fogoma: 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.
Fogoma
Largest movements
- Receivables within one year +€82,890
up €82,890, from €0 to €82,890
- Tangible fixed assets +€80,207
up €80,207 (+902%), from €8,894 to €89,100
of which Leasing and similar rights: +€84,618
- Cash -€77,681
down €77,681 (-47.1%), from €165,034 to €87,354
mainly Debts after one year (-€148,196) and Investment in fixed assets (net) (-€104,132)
- Reserves +€293,291
up €293,291 (+12.1%), from €2.4m to €2.7m
of which Distributable reserves: +€293,291
- Debts after one year -€148,196
down €148,196 (-18.1%), from €816,726 to €668,530
- Other debts -€79,633
down €79,633 (-3.0%), from €2.7m to €2.6m
- Financial income +€147,045
up €147,045 (+65.4%), from €225,000 to €372,045
- Gross operating margin +€93,955
up €93,955 (+170%), from €55,250 to €149,205
- Financial charges -€23,155
down €23,155 (-10.5%), from €220,186 to €197,031
- Depreciation +€19,514
up €19,514 (+442%), from €4,412 to €23,926
- Other operating charges +€5,687
up €5,687 (+1,749%), from €325 to €6,012
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 | €6,175,963 | €6,264,672 | +€88,708 | +1.4% |
| Fixed assets | 21/28 | €6,008,894 | €6,089,100 | +€80,207 | +1.3% |
| Tangible fixed assets | 22/27 | €8,894 | €89,100 | +€80,207 | +902% |
| Furniture and vehicles | 24 | €8,894 | €4,482 | -€4,412 | -49.6% |
| Leasing and similar rights | 25 | - | €84,618 | +€84,618 | |
| Financial fixed assets | 28 | €6,000,000 | €6,000,000 | = | 0.0% |
| Current assets | 29/58 | €167,070 | €175,572 | +€8,502 | +5.1% |
| Amounts receivable within one year | 40/41 | €0 | €82,890 | +€82,890 | |
| Trade receivables | 40 | €0 | €82,890 | +€82,890 | |
| Cash at bank and in hand | 54/58 | €165,034 | €87,354 | -€77,681 | -47.1% |
| Deferred charges and accrued income | 490/1 | €2,035 | €5,328 | +€3,293 | +162% |
| Total equity and liabilities | 10/49 | €6,175,963 | €6,264,672 | +€88,708 | +1.4% |
| Equity | 10/15 | €2,452,088 | €2,745,379 | +€293,291 | +12.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €2,431,628 | €2,724,919 | +€293,291 | +12.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,431,628 | €2,724,919 | +€293,291 | +12.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €3,723,876 | €3,519,293 | -€204,583 | -5.5% |
| Amounts payable after more than one year | 17 | €816,726 | €668,530 | -€148,196 | -18.1% |
| Financial debts | 170/4 | €816,726 | €668,530 | -€148,196 | -18.1% |
| Amounts payable within one year | 42/48 | €2,907,150 | €2,850,763 | -€56,387 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €189,057 | €212,797 | +€23,740 | +12.6% |
| Trade debts | 44 | €1,842 | €3,759 | +€1,917 | +104% |
| Suppliers | 440/4 | €1,842 | €3,759 | +€1,917 | +104% |
| Taxes, remuneration and social security | 45 | €60,675 | €58,264 | -€2,411 | -4.0% |
| Taxes | 450/3 | €60,675 | €58,264 | -€2,411 | -4.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,655,576 | €2,575,943 | -€79,633 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,412 | €23,926 | +€19,514 | +442% |
| Other operating charges | 640/8 | €325 | €6,012 | +€5,687 | +1,749% |
| Gross operating margin | 9900 | €55,250 | €149,205 | +€93,955 | +170% |
| Operating profit (loss) | 9901 | €50,513 | €119,268 | +€68,755 | +136% |
| Financial income | 75/76B | €225,000 | €372,045 | +€147,045 | +65.4% |
| Recurring financial income | 75 | €225,000 | €372,045 | +€147,045 | +65.4% |
| Financial charges | 65/66B | €220,186 | €197,031 | -€23,155 | -10.5% |
| Recurring financial charges | 65 | €220,186 | €197,031 | -€23,155 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €55,327 | €294,282 | +€238,955 | +432% |
| Income taxes | 67/77 | €264 | €711 | +€447 | +169% |
| Profit (loss) for the period | 9904 | €55,063 | €293,570 | +€238,507 | +433% |
| Profit (loss) for the period to be appropriated | 9905 | €55,063 | €293,570 | +€238,507 | +433% |
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 29 October 2026 via checked.be.