FOKO: 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.
FOKO
Largest movements
- Receivables within one year +€75,856
up €75,856 (+57.2%), from €132,596 to €208,452
- Tangible fixed assets -€37,471
down €37,471 (-64.3%), from €58,237 to €20,766
of which Land and buildings: -€36,480
- Receivables after one year -€8,593
down €8,593 (-5.0%), from €171,866 to €163,272
- Other debts +€79,263
up €79,263 (+379.2%), from €20,900 to €100,163
- Current portion of long-term debt -€43,194
down €43,194 (-66.3%), from €65,157 to €21,963
- Tax, wage and social debts +€34,691
up €34,691 (+109.4%), from €31,723 to €66,414
of which Taxes: +€39,691
- Reserves -€20,500
down €20,500 (-9.2%), from €223,860 to €203,360
of which Distributable reserves: -€20,500
- Debts after one year -€20,355
no longer reported in 2025 (was €20,355)
- Gross operating margin +€24,128
up €24,128 (+16.0%), from €151,263 to €175,391
- Purchases and services -€11,280
down €11,280 (-5.9%), from €189,819 to €178,539
- Taxes +€8,820
up €8,820 (+28.8%), from €30,633 to €39,453
- Depreciation -€1,920
down €1,920 (-4.5%), from €42,786 to €40,866
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 | €402,974 | €433,685 | +€30,711 | +7.6% |
| Fixed assets | 21/28 | €59,095 | €21,624 | -€37,471 | -63.4% |
| Tangible fixed assets | 22/27 | €58,237 | €20,766 | -€37,471 | -64.3% |
| Land and buildings | 22 | €53,580 | €17,100 | -€36,480 | -68.1% |
| Plant, machinery and equipment | 23 | €819 | €1,605 | +€786 | +96.0% |
| Furniture and vehicles | 24 | €3,838 | €2,061 | -€1,777 | -46.3% |
| Financial fixed assets | 28 | €858 | €858 | = | 0.0% |
| Current assets | 29/58 | €343,879 | €412,061 | +€68,182 | +19.8% |
| Amounts receivable after more than one year | 29 | €171,866 | €163,272 | -€8,593 | -5.0% |
| Other amounts receivable | 291 | €171,866 | €163,272 | -€8,593 | -5.0% |
| Amounts receivable within one year | 40/41 | €132,596 | €208,452 | +€75,856 | +57.2% |
| Other amounts receivable | 41 | €132,596 | €208,452 | +€75,856 | +57.2% |
| Cash at bank and in hand | 54/58 | €3,477 | €3,856 | +€379 | +10.9% |
| Deferred charges and accrued income | 490/1 | €35,941 | €36,481 | +€540 | +1.5% |
| Total equity and liabilities | 10/49 | €402,974 | €433,685 | +€30,711 | +7.6% |
| Equity | 10/15 | €259,902 | €240,178 | -€19,724 | -7.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €223,860 | €203,360 | -€20,500 | -9.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €222,000 | €201,500 | -€20,500 | -9.2% |
| Profit (loss) carried forward | 14 | €29,842 | €30,618 | +€776 | +2.6% |
| Amounts payable | 17/49 | €143,072 | €193,507 | +€50,435 | +35.3% |
| Amounts payable after more than one year | 17 | €20,355 | - | -€20,355 | |
| Financial debts | 170/4 | €20,355 | - | -€20,355 | |
| Amounts payable within one year | 42/48 | €122,717 | €193,507 | +€70,790 | +57.7% |
| Current portion of amounts payable after more than one year | 42 | €65,157 | €21,963 | -€43,194 | -66.3% |
| Financial debts | 43 | €24 | €27 | +€3 | +12.5% |
| Credit institutions | 430/8 | €24 | €27 | +€3 | +12.5% |
| Trade debts | 44 | €4,913 | €4,940 | +€27 | +0.6% |
| Suppliers | 440/4 | €4,913 | €4,940 | +€27 | +0.6% |
| Taxes, remuneration and social security | 45 | €31,723 | €66,414 | +€34,691 | +109.4% |
| Taxes | 450/3 | €26,723 | €66,414 | +€39,691 | +148.5% |
| Remuneration and social security | 454/9 | €5,000 | - | -€5,000 | |
| Other amounts payable | 47/48 | €20,900 | €100,163 | +€79,263 | +379.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €189,819 | €178,539 | -€11,280 | -5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,786 | €40,866 | -€1,920 | -4.5% |
| Other operating charges | 640/8 | €5,401 | €5,482 | +€81 | +1.5% |
| Gross operating margin | 9900 | €151,263 | €175,391 | +€24,128 | +16.0% |
| Operating profit (loss) | 9901 | €103,076 | €129,043 | +€25,966 | +25.2% |
| Financial income | 75/76B | €2 | €0 | -€2 | -90.9% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -90.9% |
| Financial charges | 65/66B | €4,220 | €2,814 | -€1,407 | -33.3% |
| Recurring financial charges | 65 | €4,220 | €2,814 | -€1,407 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €98,858 | €126,229 | +€27,371 | +27.7% |
| Income taxes | 67/77 | €30,633 | €39,453 | +€8,820 | +28.8% |
| Profit (loss) for the period | 9904 | €68,225 | €86,776 | +€18,551 | +27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €68,225 | €86,776 | +€18,551 | +27.2% |
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 3 October 2026 via checked.be.