Folia: 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.
Folia
Largest movements
- Cash +€38,214
up €38,214 (+181%), from €21,118 to €59,332
mainly Depreciation (+€12,186) and Net result for the year (+€11,077)
- Tangible fixed assets -€11,487
down €11,487 (-18.9%), from €60,691 to €49,204
of which Plant, machinery and equipment: -€10,724
- Receivables within one year -€8,786
no longer reported in 2025 (was €8,786)
- Stocks and contracts +€2,730
up €2,730 (+41.4%), from €6,597 to €9,328
- Profit (loss) carried forward +€11,077
up €11,077 (+46.8%), from -€23,647 to -€12,570
- Tax, wage and social debts +€7,286
up €7,286 (+59.1%), from €12,323 to €19,609
of which Taxes: +€5,266
- Gross operating margin +€27,073
up €27,073 (+63.4%), from €42,723 to €69,795
- Staff costs -€5,408
down €5,408 (-11.5%), from €46,992 to €41,584
- Depreciation -€2,344
down €2,344 (-16.1%), from €14,530 to €12,186
- Taxes +€1,431
new in 2025: €1,431
- Other operating charges -€1,284
down €1,284 (-47.4%), from €2,709 to €1,426
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 | €103,058 | €122,045 | +€18,987 | +18.4% |
| Fixed assets | 21/28 | €65,369 | €53,183 | -€12,186 | -18.6% |
| Intangible fixed assets | 21 | €1,338 | €638 | -€700 | -52.3% |
| Tangible fixed assets | 22/27 | €60,691 | €49,204 | -€11,487 | -18.9% |
| Plant, machinery and equipment | 23 | €58,809 | €48,085 | -€10,724 | -18.2% |
| Furniture and vehicles | 24 | €1,882 | €1,119 | -€763 | -40.5% |
| Financial fixed assets | 28 | €3,340 | €3,340 | = | 0.0% |
| Current assets | 29/58 | €37,689 | €68,862 | +€31,173 | +82.7% |
| Stocks and contracts in progress | 3 | €6,597 | €9,328 | +€2,730 | +41.4% |
| Stocks | 30/36 | €6,597 | €9,328 | +€2,730 | +41.4% |
| Amounts receivable within one year | 40/41 | €8,786 | - | -€8,786 | |
| Trade receivables | 40 | €8,786 | - | -€8,786 | |
| Cash at bank and in hand | 54/58 | €21,118 | €59,332 | +€38,214 | +181% |
| Deferred charges and accrued income | 490/1 | €1,188 | €202 | -€986 | -83.0% |
| Total equity and liabilities | 10/49 | €103,058 | €122,045 | +€18,987 | +18.4% |
| Equity | 10/15 | €66,353 | €77,430 | +€11,077 | +16.7% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,647 | -€12,570 | +€11,077 | +46.8% |
| Amounts payable | 17/49 | €36,705 | €44,614 | +€7,909 | +21.5% |
| Amounts payable within one year | 42/48 | €36,705 | €44,614 | +€7,909 | +21.5% |
| Trade debts | 44 | €14,255 | €13,739 | -€516 | -3.6% |
| Suppliers | 440/4 | €14,255 | €13,739 | -€516 | -3.6% |
| Advances received on contracts in progress | 46 | €5,727 | €6,785 | +€1,058 | +18.5% |
| Taxes, remuneration and social security | 45 | €12,323 | €19,609 | +€7,286 | +59.1% |
| Taxes | 450/3 | €8,770 | €14,036 | +€5,266 | +60.0% |
| Remuneration and social security | 454/9 | €3,553 | €5,573 | +€2,021 | +56.9% |
| Other amounts payable | 47/48 | €4,400 | €4,481 | +€81 | +1.8% |
| Remuneration, social security and pensions | 62 | €46,992 | €41,584 | -€5,408 | -11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,530 | €12,186 | -€2,344 | -16.1% |
| Other operating charges | 640/8 | €2,709 | €1,426 | -€1,284 | -47.4% |
| Gross operating margin | 9900 | €42,723 | €69,795 | +€27,073 | +63.4% |
| Operating profit (loss) | 9901 | -€21,509 | €14,599 | +€36,108 | |
| Financial income | 75/76B | €260 | €19 | -€241 | -92.8% |
| Recurring financial income | 75 | €260 | €19 | -€241 | -92.8% |
| Financial charges | 65/66B | €2,398 | €2,109 | -€289 | -12.1% |
| Recurring financial charges | 65 | €2,398 | €2,109 | -€289 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | -€23,647 | €12,509 | +€36,156 | |
| Income taxes | 67/77 | - | €1,431 | +€1,431 | |
| Profit (loss) for the period | 9904 | -€23,647 | €11,077 | +€34,725 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,647 | €11,077 | +€34,725 |
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 14 October 2026 via checked.be.