FOLENSELA: 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.
FOLENSELA
Largest movements
- Cash +€265,332
up €265,332 (+774%), from €34,287 to €299,619
mainly Current investments (+€200,000) and Net result for the year (+€53,384)
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Tangible fixed assets -€28,298
down €28,298 (-34.5%), from €82,074 to €53,776
of which Furniture and vehicles: -€16,180
- Reserves +€53,384
up €53,384 (+19.3%), from €276,476 to €329,859
- Other debts -€18,761
down €18,761 (-48.4%), from €38,744 to €19,983
- Tax, wage and social debts +€6,697
up €6,697 (+55.8%), from €11,999 to €18,695
of which Taxes: +€8,223
- Gross operating margin -€17,308
down €17,308 (-10.5%), from €164,602 to €147,294
- Staff costs -€6,374
down €6,374 (-11.6%), from €54,874 to €48,500
- Taxes -€2,011
down €2,011 (-8.4%), from €23,942 to €21,931
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 | €342,432 | €381,892 | +€39,460 | +11.5% |
| Fixed assets | 21/28 | €82,387 | €54,090 | -€28,298 | -34.3% |
| Tangible fixed assets | 22/27 | €82,074 | €53,776 | -€28,298 | -34.5% |
| Plant, machinery and equipment | 23 | €14,351 | €8,496 | -€5,855 | -40.8% |
| Furniture and vehicles | 24 | €45,647 | €29,467 | -€16,180 | -35.4% |
| Other tangible fixed assets | 26 | €22,076 | €15,814 | -€6,262 | -28.4% |
| Financial fixed assets | 28 | €313 | €313 | = | 0.0% |
| Current assets | 29/58 | €260,045 | €327,803 | +€67,758 | +26.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €5,030 | €5,683 | +€652 | +13.0% |
| Stocks | 30/36 | €5,030 | €5,683 | +€652 | +13.0% |
| Amounts receivable within one year | 40/41 | €17,851 | €20,758 | +€2,907 | +16.3% |
| Trade receivables | 40 | €15,385 | €18,005 | +€2,620 | +17.0% |
| Other amounts receivable | 41 | €2,466 | €2,753 | +€287 | +11.7% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €34,287 | €299,619 | +€265,332 | +774% |
| Deferred charges and accrued income | 490/1 | €2,876 | €1,743 | -€1,134 | -39.4% |
| Total equity and liabilities | 10/49 | €342,432 | €381,892 | +€39,460 | +11.5% |
| Equity | 10/15 | €282,676 | €336,059 | +€53,384 | +18.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €276,476 | €329,859 | +€53,384 | +19.3% |
| Distributable reserves | 133 | €276,476 | €329,859 | +€53,384 | +19.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €59,756 | €45,833 | -€13,923 | -23.3% |
| Amounts payable within one year | 42/48 | €59,375 | €45,829 | -€13,546 | -22.8% |
| Trade debts | 44 | €8,632 | €7,150 | -€1,482 | -17.2% |
| Suppliers | 440/4 | €8,632 | €7,150 | -€1,482 | -17.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €11,999 | €18,695 | +€6,697 | +55.8% |
| Taxes | 450/3 | €7,828 | €16,051 | +€8,223 | +105% |
| Remuneration and social security | 454/9 | €4,171 | €2,644 | -€1,527 | -36.6% |
| Other amounts payable | 47/48 | €38,744 | €19,983 | -€18,761 | -48.4% |
| Accrued charges and deferred income | 492/3 | €382 | €5 | -€377 | -98.8% |
| Remuneration, social security and pensions | 62 | €54,874 | €48,500 | -€6,374 | -11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,584 | €23,801 | -€783 | -3.2% |
| Other operating charges | 640/8 | €2,263 | €2,347 | +€85 | +3.7% |
| Non-recurring operating charges | 66A | €558 | €0 | -€558 | -100% |
| Gross operating margin | 9900 | €164,602 | €147,294 | -€17,308 | -10.5% |
| Operating profit (loss) | 9901 | €82,324 | €72,646 | -€9,677 | -11.8% |
| Financial income | 75/76B | €4,138 | €3,688 | -€450 | -10.9% |
| Recurring financial income | 75 | €4,138 | €3,688 | -€450 | -10.9% |
| Financial charges | 65/66B | €1,022 | €1,020 | -€2 | -0.2% |
| Recurring financial charges | 65 | €1,022 | €1,020 | -€2 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €85,440 | €75,315 | -€10,125 | -11.9% |
| Income taxes | 67/77 | €23,942 | €21,931 | -€2,011 | -8.4% |
| Profit (loss) for the period | 9904 | €61,498 | €53,384 | -€8,114 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €61,498 | €53,384 | -€8,114 | -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 16 October 2026 via checked.be.