FOJO: 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.
FOJO
Largest movements
- Tangible fixed assets -€1.5m
down €1.5m (-41.3%), from €3.6m to €2.1m
of which Land and buildings: -€1.5m
- Current investments -€374,897
down €374,897 (-28.7%), from €1.3m to €932,087
- Receivables within one year +€317,336
up €317,336 (+92.1%), from €344,412 to €661,748
of which Other amounts receivable: +€317,515
- Debts after one year -€1.5m
down €1.5m (-50.6%), from €3.0m to €1.5m
- Financial income -€37,458
down €37,458 (-24.3%), from €154,283 to €116,825
- Gross operating margin -€30,387
down €30,387 (-36.7%), from €82,734 to €52,348
- Depreciation -€26,629
down €26,629 (-30.2%), from €88,122 to €61,493
- Financial charges -€4,205
down €4,205 (-5.6%), from €75,713 to €71,508
- Other operating charges +€3,086
up €3,086 (+58.7%), from €5,261 to €8,347
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 | €11,055,691 | €9,462,259 | -€1.6m | -14.4% |
| Fixed assets | 21/28 | €3,796,212 | €2,395,860 | -€1.4m | -36.9% |
| Tangible fixed assets | 22/27 | €3,641,212 | €2,135,860 | -€1.5m | -41.3% |
| Land and buildings | 22 | €3,623,760 | €2,122,742 | -€1.5m | -41.4% |
| Furniture and vehicles | 24 | €17,452 | €13,118 | -€4,333 | -24.8% |
| Financial fixed assets | 28 | €155,000 | €260,000 | +€105,000 | +67.7% |
| Current assets | 29/58 | €7,259,479 | €7,066,399 | -€193,080 | -2.7% |
| Amounts receivable after more than one year | 29 | €5,446,202 | €5,446,202 | = | 0.0% |
| Trade receivables | 290 | €5,446,202 | €5,446,202 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €344,412 | €661,748 | +€317,336 | +92.1% |
| Trade receivables | 40 | €179 | - | -€179 | |
| Other amounts receivable | 41 | €344,233 | €661,748 | +€317,515 | +92.2% |
| Current investments | 50/53 | €1,306,984 | €932,087 | -€374,897 | -28.7% |
| Cash at bank and in hand | 54/58 | €132,555 | €25,633 | -€106,922 | -80.7% |
| Deferred charges and accrued income | 490/1 | €29,326 | €729 | -€28,597 | -97.5% |
| Total equity and liabilities | 10/49 | €11,055,691 | €9,462,259 | -€1.6m | -14.4% |
| Equity | 10/15 | €7,795,825 | €7,823,649 | +€27,824 | +0.4% |
| Contributions | 10/11 | €931,961 | €931,961 | = | 0.0% |
| Reserves | 13 | €143,642 | €143,642 | = | 0.0% |
| Distributable reserves | 133 | €143,642 | €143,642 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,720,221 | €6,748,046 | +€27,824 | +0.4% |
| Amounts payable | 17/49 | €3,259,867 | €1,638,610 | -€1.6m | -49.7% |
| Amounts payable after more than one year | 17 | €3,047,640 | €1,505,063 | -€1.5m | -50.6% |
| Financial debts | 170/4 | €3,047,640 | €1,505,063 | -€1.5m | -50.6% |
| Amounts payable within one year | 42/48 | €202,750 | €121,952 | -€80,798 | -39.9% |
| Current portion of amounts payable after more than one year | 42 | €170,470 | €94,017 | -€76,454 | -44.8% |
| Trade debts | 44 | €9,690 | €5,409 | -€4,281 | -44.2% |
| Suppliers | 440/4 | €9,690 | €5,409 | -€4,281 | -44.2% |
| Taxes, remuneration and social security | 45 | €644 | €781 | +€137 | +21.3% |
| Taxes | 450/3 | €644 | €781 | +€137 | +21.3% |
| Other amounts payable | 47/48 | €21,946 | €21,746 | -€200 | -0.9% |
| Accrued charges and deferred income | 492/3 | €9,477 | €11,594 | +€2,118 | +22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,122 | €61,493 | -€26,629 | -30.2% |
| Other operating charges | 640/8 | €5,261 | €8,347 | +€3,086 | +58.7% |
| Gross operating margin | 9900 | €82,734 | €52,348 | -€30,387 | -36.7% |
| Operating profit (loss) | 9901 | -€10,649 | -€17,493 | -€6,843 | -64.3% |
| Financial income | 75/76B | €154,283 | €116,825 | -€37,458 | -24.3% |
| Recurring financial income | 75 | €154,283 | €116,825 | -€37,458 | -24.3% |
| Financial charges | 65/66B | €75,713 | €71,508 | -€4,205 | -5.6% |
| Recurring financial charges | 65 | €75,713 | €71,508 | -€4,205 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €67,921 | €27,824 | -€40,096 | -59.0% |
| Profit (loss) for the period | 9904 | €67,921 | €27,824 | -€40,096 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €67,921 | €27,824 | -€40,096 | -59.0% |
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.