FOLIAGE: 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.
FOLIAGE
Largest movements
- Receivables within one year -€77,530
down €77,530 (-25.8%), from €300,410 to €222,880
of which Trade receivables: -€82,742
- Deferred charges and accrued income +€65,441
up €65,441 (+896.3%), from €7,301 to €72,742
- Tangible fixed assets -€18,609
down €18,609 (-49.9%), from €37,302 to €18,694
of which Furniture and vehicles: -€13,990
- Cash -€4,862
down €4,862 (-70.8%), from €6,872 to €2,009
mainly Trade debts (-€75,222) and Deferred charges and accrued income (-€65,441)
- Other debts +€89,470
up €89,470 (+43.7%), from €204,918 to €294,388
- Trade debts -€75,222
down €75,222 (-64.4%), from €116,785 to €41,563
- Tax, wage and social debts -€29,267
down €29,267 (-73.4%), from €39,877 to €10,610
of which Taxes: -€31,031
- Profit (loss) carried forward -€16,894
down €16,894 (-103.0%), from -€16,401 to -€33,294
- Gross operating margin -€50,475
down €50,475 (-87.0%), from €58,026 to €7,552
- Staff costs -€25,190
down €25,190 (-95.7%), from €26,309 to €1,119
- Other operating charges +€7,520
up €7,520 (+222.8%), from €3,375 to €10,895
- Depreciation -€7,386
down €7,386 (-54.5%), from €13,543 to €6,157
- Financial income -€2,315
down €2,315 (-92.1%), from €2,515 to €200
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 | €403,371 | €369,973 | -€33,398 | -8.3% |
| Fixed assets | 21/28 | €39,042 | €20,433 | -€18,609 | -47.7% |
| Tangible fixed assets | 22/27 | €37,302 | €18,694 | -€18,609 | -49.9% |
| Plant, machinery and equipment | 23 | €13,054 | €8,436 | -€4,618 | -35.4% |
| Furniture and vehicles | 24 | €24,248 | €10,258 | -€13,990 | -57.7% |
| Financial fixed assets | 28 | €1,739 | €1,739 | = | 0.0% |
| Current assets | 29/58 | €364,329 | €349,540 | -€14,789 | -4.1% |
| Stocks and contracts in progress | 3 | €49,747 | €51,908 | +€2,162 | +4.3% |
| Stocks | 30/36 | €49,747 | €51,908 | +€2,162 | +4.3% |
| Amounts receivable within one year | 40/41 | €300,410 | €222,880 | -€77,530 | -25.8% |
| Trade receivables | 40 | €300,410 | €217,668 | -€82,742 | -27.5% |
| Other amounts receivable | 41 | - | €5,212 | +€5,212 | |
| Cash at bank and in hand | 54/58 | €6,872 | €2,009 | -€4,862 | -70.8% |
| Deferred charges and accrued income | 490/1 | €7,301 | €72,742 | +€65,441 | +896.3% |
| Total equity and liabilities | 10/49 | €403,371 | €369,973 | -€33,398 | -8.3% |
| Equity | 10/15 | €5,599 | -€11,294 | -€16,894 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,401 | -€33,294 | -€16,894 | -103.0% |
| Amounts payable | 17/49 | €397,771 | €381,267 | -€16,504 | -4.1% |
| Amounts payable within one year | 42/48 | €397,771 | €381,267 | -€16,504 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €1,622 | - | -€1,622 | |
| Financial debts | 43 | €34,250 | €32,194 | -€2,055 | -6.0% |
| Credit institutions | 430/8 | €34,250 | €32,194 | -€2,055 | -6.0% |
| Trade debts | 44 | €116,785 | €41,563 | -€75,222 | -64.4% |
| Suppliers | 440/4 | €116,785 | €41,563 | -€75,222 | -64.4% |
| Advances received on contracts in progress | 46 | €320 | €2,512 | +€2,192 | +685.0% |
| Taxes, remuneration and social security | 45 | €39,877 | €10,610 | -€29,267 | -73.4% |
| Taxes | 450/3 | €39,442 | €8,412 | -€31,031 | -78.7% |
| Remuneration and social security | 454/9 | €435 | €2,198 | +€1,764 | +405.6% |
| Other amounts payable | 47/48 | €204,918 | €294,388 | +€89,470 | +43.7% |
| Remuneration, social security and pensions | 62 | €26,309 | €1,119 | -€25,190 | -95.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,543 | €6,157 | -€7,386 | -54.5% |
| Other operating charges | 640/8 | €3,375 | €10,895 | +€7,520 | +222.8% |
| Gross operating margin | 9900 | €58,026 | €7,552 | -€50,475 | -87.0% |
| Operating profit (loss) | 9901 | €14,800 | -€10,619 | -€25,419 | |
| Financial income | 75/76B | €2,515 | €200 | -€2,315 | -92.1% |
| Recurring financial income | 75 | €2,515 | €200 | -€2,315 | -92.1% |
| Financial charges | 65/66B | €6,093 | €6,474 | +€381 | +6.3% |
| Recurring financial charges | 65 | €6,093 | €6,474 | +€381 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €11,222 | -€16,894 | -€28,116 | |
| Profit (loss) for the period | 9904 | €11,222 | -€16,894 | -€28,116 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,222 | -€16,894 | -€28,116 |
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 9 October 2026 via checked.be.