FOKUS 17: 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.
FOKUS 17
Largest movements
- Current investments +€80,000
new in 2025: €80,000
- Cash -€58,704
down €58,704 (-55.0%), from €106,802 to €48,098
mainly Current investments (-€80,000) and Investment in fixed assets (net) (-€37,710)
- Financial fixed assets +€37,710
up €37,710 (+12.9%), from €292,350 to €330,060
- Receivables within one year +€21,154
up €21,154 (+307%), from €6,881 to €28,036
of which Trade receivables: +€26,893
- Profit (loss) carried forward +€68,075
up €68,075 (+23.4%), from €290,933 to €359,008
- Other debts +€26,914
new in 2025: €26,914
- Debts after one year -€12,416
down €12,416 (-19.7%), from €63,051 to €50,635
- Tax, wage and social debts -€7,721
down €7,721 (-18.8%), from €41,027 to €33,306
- Financial charges +€43,941
up €43,941 (+1,598%), from €2,750 to €46,691
- Financial income -€20,056
down €20,056 (-32.3%), from €62,080 to €42,024
- Gross operating margin +€14,141
up €14,141 (+20.4%), from €69,375 to €83,517
- Taxes -€6,111
down €6,111 (-41.3%), from €14,803 to €8,692
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 | €412,924 | €492,180 | +€79,256 | +19.2% |
| Fixed assets | 21/28 | €298,061 | €334,264 | +€36,203 | +12.1% |
| Tangible fixed assets | 22/27 | €5,711 | €4,205 | -€1,506 | -26.4% |
| Plant, machinery and equipment | 23 | €3,133 | €2,712 | -€421 | -13.4% |
| Furniture and vehicles | 24 | €2,578 | €1,492 | -€1,086 | -42.1% |
| Financial fixed assets | 28 | €292,350 | €330,060 | +€37,710 | +12.9% |
| Current assets | 29/58 | €114,863 | €157,916 | +€43,053 | +37.5% |
| Amounts receivable within one year | 40/41 | €6,881 | €28,036 | +€21,154 | +307% |
| Trade receivables | 40 | €1,143 | €28,036 | +€26,893 | +2,353% |
| Other amounts receivable | 41 | €5,738 | - | -€5,738 | |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €106,802 | €48,098 | -€58,704 | -55.0% |
| Deferred charges and accrued income | 490/1 | €1,179 | €1,782 | +€602 | +51.1% |
| Total equity and liabilities | 10/49 | €412,924 | €492,180 | +€79,256 | +19.2% |
| Equity | 10/15 | €295,933 | €364,008 | +€68,075 | +23.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €290,933 | €359,008 | +€68,075 | +23.4% |
| Amounts payable | 17/49 | €116,991 | €128,172 | +€11,181 | +9.6% |
| Amounts payable after more than one year | 17 | €63,051 | €50,635 | -€12,416 | -19.7% |
| Financial debts | 170/4 | €63,051 | €50,635 | -€12,416 | -19.7% |
| Amounts payable within one year | 42/48 | €53,940 | €77,538 | +€23,597 | +43.7% |
| Current portion of amounts payable after more than one year | 42 | €12,049 | €12,416 | +€367 | +3.0% |
| Trade debts | 44 | €864 | €4,902 | +€4,038 | +467% |
| Suppliers | 440/4 | €864 | €4,902 | +€4,038 | +467% |
| Taxes, remuneration and social security | 45 | €41,027 | €33,306 | -€7,721 | -18.8% |
| Taxes | 450/3 | €41,027 | €33,306 | -€7,721 | -18.8% |
| Other amounts payable | 47/48 | - | €26,914 | +€26,914 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,100 | €1,506 | +€406 | +36.9% |
| Other operating charges | 640/8 | €846 | €576 | -€270 | -31.9% |
| Gross operating margin | 9900 | €69,375 | €83,517 | +€14,141 | +20.4% |
| Operating profit (loss) | 9901 | €67,429 | €81,434 | +€14,004 | +20.8% |
| Financial income | 75/76B | €62,080 | €42,024 | -€20,056 | -32.3% |
| Recurring financial income | 75 | €62,080 | €42,024 | -€20,056 | -32.3% |
| Financial charges | 65/66B | €2,750 | €46,691 | +€43,941 | +1,598% |
| Recurring financial charges | 65 | €2,750 | €46,691 | +€43,941 | +1,598% |
| Profit (loss) for the period before taxes | 9903 | €126,759 | €76,767 | -€49,993 | -39.4% |
| Income taxes | 67/77 | €14,803 | €8,692 | -€6,111 | -41.3% |
| Profit (loss) for the period | 9904 | €111,957 | €68,075 | -€43,882 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €111,957 | €68,075 | -€43,882 | -39.2% |
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 25 October 2026 via checked.be.