FOLEA: 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.
FOLEA
Largest movements
- Receivables within one year +€400,821
up €400,821 (+130%), from €307,582 to €708,403
of which Trade receivables: +€445,691
- Cash +€143,208
up €143,208 (+172%), from €83,150 to €226,357
mainly Trade debts (+€565,680) and Depreciation (+€13,410)
- Intangible fixed assets -€13,410
down €13,410 (-32.2%), from €41,608 to €28,198
- Trade debts +€565,680
up €565,680 (+692%), from €81,755 to €647,435
- Current portion of long-term debt -€16,373
down €16,373 (-55.0%), from €29,747 to €13,374
- Debts after one year -€13,374
down €13,374 (-15.9%), from €83,957 to €70,582
- Gross operating margin -€13,886
down €13,886 (-47.0%), from €29,572 to €15,686
- Taxes -€3,467
down €3,467 (-100%), from €3,467 to €0
- Financial charges +€969
up €969 (+37.2%), from €2,607 to €3,576
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 | €432,340 | €962,958 | +€530,618 | +123% |
| Fixed assets | 21/28 | €41,608 | €28,198 | -€13,410 | -32.2% |
| Intangible fixed assets | 21 | €41,608 | €28,198 | -€13,410 | -32.2% |
| Current assets | 29/58 | €390,732 | €934,760 | +€544,028 | +139% |
| Amounts receivable within one year | 40/41 | €307,582 | €708,403 | +€400,821 | +130% |
| Trade receivables | 40 | €259,860 | €705,551 | +€445,691 | +172% |
| Other amounts receivable | 41 | €47,723 | €2,852 | -€44,871 | -94.0% |
| Cash at bank and in hand | 54/58 | €83,150 | €226,357 | +€143,208 | +172% |
| Total equity and liabilities | 10/49 | €432,340 | €962,958 | +€530,618 | +123% |
| Equity | 10/15 | €232,867 | €231,039 | -€1,828 | -0.8% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €208,867 | €207,039 | -€1,828 | -0.9% |
| Distributable reserves | 133 | €208,867 | €207,039 | -€1,828 | -0.9% |
| Amounts payable | 17/49 | €199,473 | €731,920 | +€532,446 | +267% |
| Amounts payable after more than one year | 17 | €83,957 | €70,582 | -€13,374 | -15.9% |
| Financial debts | 170/4 | €83,957 | €70,582 | -€13,374 | -15.9% |
| Amounts payable within one year | 42/48 | €115,003 | €660,809 | +€545,806 | +475% |
| Current portion of amounts payable after more than one year | 42 | €29,747 | €13,374 | -€16,373 | -55.0% |
| Trade debts | 44 | €81,755 | €647,435 | +€565,680 | +692% |
| Suppliers | 440/4 | €81,755 | €647,435 | +€565,680 | +692% |
| Taxes, remuneration and social security | 45 | €3,501 | €0 | -€3,501 | -100% |
| Taxes | 450/3 | €3,501 | €0 | -€3,501 | -100% |
| Accrued charges and deferred income | 492/3 | €513 | €528 | +€14 | +2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,410 | €13,410 | = | 0.0% |
| Other operating charges | 640/8 | €563 | €528 | -€36 | -6.3% |
| Gross operating margin | 9900 | €29,572 | €15,686 | -€13,886 | -47.0% |
| Operating profit (loss) | 9901 | €15,598 | €1,748 | -€13,850 | -88.8% |
| Financial charges | 65/66B | €2,607 | €3,576 | +€969 | +37.2% |
| Recurring financial charges | 65 | €2,607 | €3,576 | +€969 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €12,991 | -€1,828 | -€14,819 | |
| Income taxes | 67/77 | €3,467 | €0 | -€3,467 | -100% |
| Profit (loss) for the period | 9904 | €9,524 | -€1,828 | -€11,352 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,524 | -€1,828 | -€11,352 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.