FOLLAW: 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.
FOLLAW
Largest movements
- Financial fixed assets -€945,000
down €945,000 (-31.0%), from €3.0m to €2.1m
- Tangible fixed assets +€551,711
up €551,711 (+617%), from €89,436 to €641,147
of which Land and buildings: +€563,279
- Cash +€123,830
up €123,830 (+154%), from €80,470 to €204,300
mainly Investment in fixed assets (net) (+€366,753) and Depreciation (+€26,537)
- Debts after one year -€150,891
down €150,891 (-25.5%), from €590,864 to €439,973
- Other debts -€127,381
down €127,381 (-18.5%), from €686,840 to €559,459
- Other operating charges +€464,420
up €464,420 (+31,182%), from €1,489 to €465,910
- Gross operating margin +€178,960
up €178,960 (+31.5%), from €567,801 to €746,761
- Taxes +€34,285
up €34,285 (+28.0%), from €122,447 to €156,732
- Financial charges +€31,841
up €31,841 (+53.5%), from €59,557 to €91,398
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 | €3,450,629 | €3,179,619 | -€271,010 | -7.9% |
| Fixed assets | 21/28 | €3,134,436 | €2,741,147 | -€393,289 | -12.5% |
| Tangible fixed assets | 22/27 | €89,436 | €641,147 | +€551,711 | +617% |
| Land and buildings | 22 | - | €563,279 | +€563,279 | |
| Plant, machinery and equipment | 23 | €1,377 | €8,880 | +€7,503 | +545% |
| Furniture and vehicles | 24 | €69,453 | €52,888 | -€16,565 | -23.9% |
| Other tangible fixed assets | 26 | €18,607 | €16,100 | -€2,507 | -13.5% |
| Financial fixed assets | 28 | €3,045,000 | €2,100,000 | -€945,000 | -31.0% |
| Current assets | 29/58 | €316,193 | €438,472 | +€122,280 | +38.7% |
| Stocks and contracts in progress | 3 | €11,075 | €1,024 | -€10,052 | -90.8% |
| Stocks | 30/36 | €11,075 | €1,024 | -€10,052 | -90.8% |
| Amounts receivable within one year | 40/41 | €223,221 | €232,384 | +€9,163 | +4.1% |
| Trade receivables | 40 | €50,250 | €44,116 | -€6,134 | -12.2% |
| Other amounts receivable | 41 | €172,971 | €188,268 | +€15,297 | +8.8% |
| Cash at bank and in hand | 54/58 | €80,470 | €204,300 | +€123,830 | +154% |
| Deferred charges and accrued income | 490/1 | €1,426 | €764 | -€662 | -46.4% |
| Total equity and liabilities | 10/49 | €3,450,629 | €3,179,619 | -€271,010 | -7.9% |
| Equity | 10/15 | €985,076 | €991,262 | +€6,186 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €966,476 | €972,662 | +€6,186 | +0.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €966,476 | €972,662 | +€6,186 | +0.6% |
| Amounts payable | 17/49 | €2,465,553 | €2,188,357 | -€277,195 | -11.2% |
| Amounts payable after more than one year | 17 | €590,864 | €439,973 | -€150,891 | -25.5% |
| Financial debts | 170/4 | €590,864 | €439,973 | -€150,891 | -25.5% |
| Amounts payable within one year | 42/48 | €1,874,689 | €1,748,384 | -€126,304 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €154,582 | €150,891 | -€3,690 | -2.4% |
| Financial debts | 43 | €980,426 | €980,362 | -€63 | 0.0% |
| Credit institutions | 430/8 | €980,426 | €980,362 | -€63 | 0.0% |
| Trade debts | 44 | €16,872 | €3,084 | -€13,788 | -81.7% |
| Suppliers | 440/4 | €16,872 | €3,084 | -€13,788 | -81.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €35,969 | €54,587 | +€18,619 | +51.8% |
| Taxes | 450/3 | €34,019 | €52,637 | +€18,619 | +54.7% |
| Remuneration and social security | 454/9 | €1,950 | €1,950 | = | 0.0% |
| Other amounts payable | 47/48 | €686,840 | €559,459 | -€127,381 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,762 | €26,537 | +€2,775 | +11.7% |
| Other operating charges | 640/8 | €1,489 | €465,910 | +€464,420 | +31,182% |
| Gross operating margin | 9900 | €567,801 | €746,761 | +€178,960 | +31.5% |
| Operating profit (loss) | 9901 | €542,551 | €254,315 | -€288,236 | -53.1% |
| Financial income | 75/76B | €4 | €1 | -€4 | -87.8% |
| Recurring financial income | 75 | €4 | €1 | -€4 | -87.8% |
| Financial charges | 65/66B | €59,557 | €91,398 | +€31,841 | +53.5% |
| Recurring financial charges | 65 | €59,557 | €91,398 | +€31,841 | +53.5% |
| Profit (loss) for the period before taxes | 9903 | €482,998 | €162,918 | -€320,080 | -66.3% |
| Income taxes | 67/77 | €122,447 | €156,732 | +€34,285 | +28.0% |
| Profit (loss) for the period | 9904 | €360,551 | €6,186 | -€354,365 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €360,551 | €6,186 | -€354,365 | -98.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.