FOHECO: 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.
FOHECO
Largest movements
- Tangible fixed assets -€24,662
down €24,662 (-24.7%), from €99,801 to €75,139
of which Furniture and vehicles: -€25,037
- Stocks and contracts -€12,010
down €12,010 (-53.4%), from €22,500 to €10,490
of which Contracts in progress: -€18,500
- Receivables within one year +€10,742
up €10,742 (+26.9%), from €39,900 to €50,642
of which Other amounts receivable: +€6,632
- Profit (loss) carried forward -€22,936
new in 2025: -€22,936
- Debts after one year -€18,994
down €18,994 (-28.4%), from €66,777 to €47,783
- Other debts +€10,835
up €10,835 (+34.9%), from €31,045 to €41,880
- Trade debts +€7,621
up €7,621 (+145%), from €5,266 to €12,887
- Tax, wage and social debts -€3,188
down €3,188 (-55.5%), from €5,744 to €2,556
- Gross operating margin -€20,617
down €20,617 (-60.9%), from €33,868 to €13,252
- Depreciation +€9,175
up €9,175 (+53.3%), from €17,220 to €26,394
- Taxes -€3,256
down €3,256 (-94.2%), from €3,457 to €201
- Staff costs +€730
up €730 (+50.7%), from €1,440 to €2,170
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 | €185,600 | €159,840 | -€25,760 | -13.9% |
| Fixed assets | 21/28 | €99,801 | €75,139 | -€24,662 | -24.7% |
| Tangible fixed assets | 22/27 | €99,801 | €75,139 | -€24,662 | -24.7% |
| Plant, machinery and equipment | 23 | €1,519 | €1,894 | +€375 | +24.7% |
| Furniture and vehicles | 24 | €98,282 | €73,245 | -€25,037 | -25.5% |
| Current assets | 29/58 | €85,799 | €84,701 | -€1,098 | -1.3% |
| Stocks and contracts in progress | 3 | €22,500 | €10,490 | -€12,010 | -53.4% |
| Stocks | 30/36 | €4,000 | €10,490 | +€6,490 | +162% |
| Contracts in progress | 37 | €18,500 | - | -€18,500 | |
| Amounts receivable within one year | 40/41 | €39,900 | €50,642 | +€10,742 | +26.9% |
| Trade receivables | 40 | €25,071 | €29,181 | +€4,110 | +16.4% |
| Other amounts receivable | 41 | €14,829 | €21,461 | +€6,632 | +44.7% |
| Cash at bank and in hand | 54/58 | €23,399 | €23,569 | +€170 | +0.7% |
| Total equity and liabilities | 10/49 | €185,600 | €159,840 | -€25,760 | -13.9% |
| Equity | 10/15 | €47,131 | €24,195 | -€22,936 | -48.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | - | -€3,000 | |
| Other | 1109/19 | €3,000 | - | -€3,000 | |
| Reserves | 13 | €44,131 | €44,131 | = | 0.0% |
| Distributable reserves | 133 | €44,131 | €44,131 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€22,936 | -€22,936 | |
| Amounts payable | 17/49 | €138,469 | €135,645 | -€2,824 | -2.0% |
| Amounts payable after more than one year | 17 | €66,777 | €47,783 | -€18,994 | -28.4% |
| Financial debts | 170/4 | €66,777 | €47,783 | -€18,994 | -28.4% |
| Amounts payable within one year | 42/48 | €71,692 | €87,862 | +€16,170 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €19,637 | €20,539 | +€902 | +4.6% |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Credit institutions | 430/8 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €5,266 | €12,887 | +€7,621 | +145% |
| Suppliers | 440/4 | €5,266 | €12,887 | +€7,621 | +145% |
| Taxes, remuneration and social security | 45 | €5,744 | €2,556 | -€3,188 | -55.5% |
| Taxes | 450/3 | €5,744 | €2,556 | -€3,188 | -55.5% |
| Other amounts payable | 47/48 | €31,045 | €41,880 | +€10,835 | +34.9% |
| Non-recurring operating income | 76A | €1,856 | €2,733 | +€877 | +47.2% |
| Remuneration, social security and pensions | 62 | €1,440 | €2,170 | +€730 | +50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,220 | €26,394 | +€9,175 | +53.3% |
| Other operating charges | 640/8 | €2,331 | €2,528 | +€197 | +8.4% |
| Gross operating margin | 9900 | €33,868 | €13,252 | -€20,617 | -60.9% |
| Operating profit (loss) | 9901 | €12,878 | -€17,840 | -€30,718 | |
| Financial income | 75/76B | €11 | €0 | -€10 | -95.9% |
| Recurring financial income | 75 | €11 | €0 | -€10 | -95.9% |
| Financial charges | 65/66B | €5,133 | €4,895 | -€237 | -4.6% |
| Recurring financial charges | 65 | €5,133 | €4,895 | -€237 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €7,756 | -€22,735 | -€30,491 | |
| Income taxes | 67/77 | €3,457 | €201 | -€3,256 | -94.2% |
| Profit (loss) for the period | 9904 | €4,299 | -€22,936 | -€27,235 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,299 | -€22,936 | -€27,235 |
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 30 October 2026 via checked.be.