FOGSTONE: 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
FOGSTONE
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€149,478
2024 · €145,165+€4,313
Equity
€718,311
2024 · €645,833+€72,478
Cash
€71,180
2024 · €66,404+€4,775
Balance sheet total
€1.2m
2024 · €1.2m+€34,266
Largest movements
Assets
- Receivables after one year +€93,000
up €93,000 (+17.9%), from €521,000 to €614,000
- Tangible fixed assets -€41,975
down €41,975 (-7.5%), from €558,259 to €516,284
of which Land and buildings: -€25,349
- Receivables within one year -€23,690
down €23,690 (-99.9%), from €23,716 to €26
of which Trade receivables: -€23,716
Equity and liabilities
- Reserves +€72,477
up €72,477 (+12.2%), from €594,320 to €666,797
- Debts after one year -€49,116
down €49,116 (-11.4%), from €432,396 to €383,280
Income statement
- Other operating charges -€5,832
down €5,832 (-46.2%), from €12,633 to €6,801
- Gross operating margin -€5,502
down €5,502 (-1.9%), from €284,212 to €278,710
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
€145,165
Gross operating margin
-€5,502
Staff costs
-€1,622
Depreciation
+€562
Other operating charges
+€5,832
Other operating items
-€308
Financial income
+€2,330
Financial charges
+€1,594
Taxes
+€1,427
Result 2025
€149,478
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
+€135,526
Investment
-€8,747
Financing
-€122,003
Cash 2024
€66,404
From operations (derived)
+€135,526
Net result for the year
+€149,478
Depreciation
+€50,723
Receivables after one year
-€93,000
Stocks and contracts
-€882
Receivables within one year
+€23,690
Deferred charges and accrued income
-€1,274
Trade debts
-€1,212
Tax, wage and social debts
+€6,655
Other debts
+€1,349
Investment (derived)
-€8,747
Investment in fixed assets (net)
-€8,747
Financing
-€122,003
Debts after one year
-€49,116
Current portion of long-term debt
+€4,113
Contributions, distributions and other
-€77,000
Cash 2025
€71,180
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,182,192 | €1,216,458 | +€34,266 | +2.9% |
| Fixed assets | 21/28 | €558,259 | €516,284 | -€41,975 | -7.5% |
| Tangible fixed assets | 22/27 | €558,259 | €516,284 | -€41,975 | -7.5% |
| Land and buildings | 22 | €526,787 | €501,438 | -€25,349 | -4.8% |
| Plant, machinery and equipment | 23 | €4,355 | €2,568 | -€1,787 | -41.0% |
| Furniture and vehicles | 24 | €27,118 | €12,279 | -€14,839 | -54.7% |
| Current assets | 29/58 | €623,932 | €700,174 | +€76,241 | +12.2% |
| Amounts receivable after more than one year | 29 | €521,000 | €614,000 | +€93,000 | +17.9% |
| Other amounts receivable | 291 | €521,000 | €614,000 | +€93,000 | +17.9% |
| Stocks and contracts in progress | 3 | €6,334 | €7,216 | +€882 | +13.9% |
| Stocks | 30/36 | €6,334 | €7,216 | +€882 | +13.9% |
| Amounts receivable within one year | 40/41 | €23,716 | €26 | -€23,690 | -99.9% |
| Trade receivables | 40 | €23,716 | - | -€23,716 | |
| Other amounts receivable | 41 | - | €26 | +€26 | |
| Current investments | 50/53 | €4,535 | €4,535 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €66,404 | €71,180 | +€4,775 | +7.2% |
| Deferred charges and accrued income | 490/1 | €1,943 | €3,218 | +€1,274 | +65.6% |
| Total equity and liabilities | 10/49 | €1,182,192 | €1,216,458 | +€34,266 | +2.9% |
| Equity | 10/15 | €645,833 | €718,311 | +€72,478 | +11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €594,320 | €666,797 | +€72,477 | +12.2% |
| Distributable reserves | 133 | €594,320 | €666,797 | +€72,477 | +12.2% |
| Profit (loss) carried forward | 14 | €45,313 | €45,314 | +€1 | 0.0% |
| Amounts payable | 17/49 | €536,359 | €498,147 | -€38,212 | -7.1% |
| Amounts payable after more than one year | 17 | €432,396 | €383,280 | -€49,116 | -11.4% |
| Financial debts | 170/4 | €432,396 | €383,280 | -€49,116 | -11.4% |
| Amounts payable within one year | 42/48 | €103,963 | €114,867 | +€10,904 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €51,670 | €55,783 | +€4,113 | +8.0% |
| Trade debts | 44 | €3,597 | €2,385 | -€1,212 | -33.7% |
| Suppliers | 440/4 | €3,597 | €2,385 | -€1,212 | -33.7% |
| Taxes, remuneration and social security | 45 | €47,614 | €54,269 | +€6,655 | +14.0% |
| Taxes | 450/3 | €47,614 | €54,269 | +€6,655 | +14.0% |
| Other amounts payable | 47/48 | €1,083 | €2,431 | +€1,349 | +124.6% |
| Remuneration, social security and pensions | 62 | €878 | €2,500 | +€1,622 | +184.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,284 | €50,723 | -€562 | -1.1% |
| Other operating charges | 640/8 | €12,633 | €6,801 | -€5,832 | -46.2% |
| Non-recurring operating charges | 66A | - | €308 | +€308 | |
| Gross operating margin | 9900 | €284,212 | €278,710 | -€5,502 | -1.9% |
| Operating profit (loss) | 9901 | €219,417 | €218,379 | -€1,039 | -0.5% |
| Financial income | 75/76B | €13,025 | €15,355 | +€2,330 | +17.9% |
| Recurring financial income | 75 | €13,025 | €15,355 | +€2,330 | +17.9% |
| Financial charges | 65/66B | €19,013 | €17,418 | -€1,594 | -8.4% |
| Recurring financial charges | 65 | €19,013 | €17,418 | -€1,594 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €213,430 | €216,316 | +€2,886 | +1.4% |
| Income taxes | 67/77 | €68,265 | €66,838 | -€1,427 | -2.1% |
| Profit (loss) for the period | 9904 | €145,165 | €149,478 | +€4,313 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €145,165 | €149,478 | +€4,313 | +3.0% |
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 5 October 2026 via checked.be.