FOHO: 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.
FOHO
Largest movements
- Current investments +€29,001
new in 2025: €29,001
- Cash -€28,670
down €28,670 (-16.2%), from €176,818 to €148,148
mainly Tax, wage and social debts (-€48,482) and Current investments (-€29,001)
- Receivables within one year +€23,920
up €23,920 (+100.2%), from €23,867 to €47,787
- Reserves +€76,377
up €76,377 (+32.3%), from €236,355 to €312,732
- Tax, wage and social debts -€48,482
down €48,482 (-69.6%), from €69,609 to €21,127
- Trade debts -€5,305
down €5,305 (-82.8%), from €6,405 to €1,100
- Gross operating margin -€19,842
down €19,842 (-17.9%), from €110,757 to €90,915
- Taxes -€5,217
down €5,217 (-14.5%), from €35,948 to €30,731
- Depreciation +€1,352
up €1,352 (+61.2%), from €2,210 to €3,563
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 | €468,612 | €492,315 | +€23,703 | +5.1% |
| Fixed assets | 21/28 | €267,927 | €267,379 | -€548 | -0.2% |
| Tangible fixed assets | 22/27 | €14,463 | €13,915 | -€548 | -3.8% |
| Furniture and vehicles | 24 | €3,972 | €2,073 | -€1,898 | -47.8% |
| Other tangible fixed assets | 26 | €10,491 | €11,841 | +€1,350 | +12.9% |
| Financial fixed assets | 28 | €253,464 | €253,464 | = | 0.0% |
| Current assets | 29/58 | €200,685 | €224,936 | +€24,251 | +12.1% |
| Amounts receivable within one year | 40/41 | €23,867 | €47,787 | +€23,920 | +100.2% |
| Other amounts receivable | 41 | €23,867 | €47,787 | +€23,920 | +100.2% |
| Current investments | 50/53 | - | €29,001 | +€29,001 | |
| Cash at bank and in hand | 54/58 | €176,818 | €148,148 | -€28,670 | -16.2% |
| Total equity and liabilities | 10/49 | €468,612 | €492,315 | +€23,703 | +5.1% |
| Equity | 10/15 | €241,355 | €317,732 | +€76,377 | +31.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €236,355 | €312,732 | +€76,377 | +32.3% |
| Distributable reserves | 133 | €236,355 | €312,732 | +€76,377 | +32.3% |
| Amounts payable | 17/49 | €227,257 | €174,583 | -€52,674 | -23.2% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €77,257 | €24,583 | -€52,674 | -68.2% |
| Trade debts | 44 | €6,405 | €1,100 | -€5,305 | -82.8% |
| Suppliers | 440/4 | €6,405 | €1,100 | -€5,305 | -82.8% |
| Taxes, remuneration and social security | 45 | €69,609 | €21,127 | -€48,482 | -69.6% |
| Taxes | 450/3 | €69,609 | €21,127 | -€48,482 | -69.6% |
| Other amounts payable | 47/48 | €1,243 | €2,356 | +€1,112 | +89.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,210 | €3,563 | +€1,352 | +61.2% |
| Other operating charges | 640/8 | €126 | €528 | +€402 | +318.8% |
| Gross operating margin | 9900 | €110,757 | €90,915 | -€19,842 | -17.9% |
| Operating profit (loss) | 9901 | €108,421 | €86,824 | -€21,596 | -19.9% |
| Financial income | 75/76B | €47,908 | €48,750 | +€841 | +1.8% |
| Recurring financial income | 75 | €47,908 | €48,750 | +€841 | +1.8% |
| Financial charges | 65/66B | €2,290 | €2,290 | +€0 | 0.0% |
| Recurring financial charges | 65 | €2,290 | €2,290 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €154,039 | €133,284 | -€20,755 | -13.5% |
| Income taxes | 67/77 | €35,948 | €30,731 | -€5,217 | -14.5% |
| Profit (loss) for the period | 9904 | €118,091 | €102,553 | -€15,539 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €118,091 | €102,553 | -€15,539 | -13.2% |
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 10 October 2026 via checked.be.