FOLO: 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.
FOLO
Largest movements
- Tangible fixed assets -€33,235
down €33,235 (-4.7%), from €711,900 to €678,666
of which Land and buildings: -€24,151
- Cash +€21,179
up €21,179 (+127.8%), from €16,566 to €37,746
mainly Other debts (+€50,804) and Depreciation (+€34,272)
- Current investments +€9,774
up €9,774 (+31.5%), from €31,039 to €40,813
- Other debts +€50,804
up €50,804 (+52.3%), from €97,080 to €147,884
- Debts after one year -€28,302
down €28,302 (-6.2%), from €458,214 to €429,912
- Tax, wage and social debts -€21,981
down €21,981 (-62.1%), from €35,371 to €13,390
- Depreciation +€15,342
up €15,342 (+81.1%), from €18,929 to €34,272
- Financial charges +€12,392
up €12,392 (+99.8%), from €12,413 to €24,805
- Gross operating margin +€8,035
up €8,035 (+9.0%), from €89,416 to €97,451
- Taxes -€4,516
down €4,516 (-36.6%), from €12,328 to €7,812
- Other operating charges +€3,432
up €3,432 (+213.5%), from €1,608 to €5,040
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 | €790,767 | €794,658 | +€3,891 | +0.5% |
| Fixed assets | 21/28 | €711,900 | €678,666 | -€33,235 | -4.7% |
| Tangible fixed assets | 22/27 | €711,900 | €678,666 | -€33,235 | -4.7% |
| Land and buildings | 22 | €674,065 | €649,914 | -€24,151 | -3.6% |
| Plant, machinery and equipment | 23 | €8,060 | €6,545 | -€1,515 | -18.8% |
| Furniture and vehicles | 24 | €29,776 | €22,207 | -€7,569 | -25.4% |
| Current assets | 29/58 | €78,867 | €115,993 | +€37,126 | +47.1% |
| Amounts receivable within one year | 40/41 | €30,370 | €35,356 | +€4,986 | +16.4% |
| Trade receivables | 40 | €30,370 | €32,584 | +€2,215 | +7.3% |
| Other amounts receivable | 41 | - | €2,771 | +€2,771 | |
| Current investments | 50/53 | €31,039 | €40,813 | +€9,774 | +31.5% |
| Cash at bank and in hand | 54/58 | €16,566 | €37,746 | +€21,179 | +127.8% |
| Deferred charges and accrued income | 490/1 | €892 | €2,078 | +€1,187 | +133.1% |
| Total equity and liabilities | 10/49 | €790,767 | €794,658 | +€3,891 | +0.5% |
| Equity | 10/15 | €172,669 | €174,333 | +€1,664 | +1.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €167,669 | €169,333 | +€1,664 | +1.0% |
| Distributable reserves | 133 | €167,669 | €169,333 | +€1,664 | +1.0% |
| Amounts payable | 17/49 | €618,098 | €620,325 | +€2,227 | +0.4% |
| Amounts payable after more than one year | 17 | €458,214 | €429,912 | -€28,302 | -6.2% |
| Financial debts | 170/4 | €458,214 | €429,912 | -€28,302 | -6.2% |
| Amounts payable within one year | 42/48 | €159,884 | €190,413 | +€30,529 | +19.1% |
| Current portion of amounts payable after more than one year | 42 | €27,432 | €28,302 | +€869 | +3.2% |
| Trade debts | 44 | - | €837 | +€837 | |
| Suppliers | 440/4 | - | €837 | +€837 | |
| Taxes, remuneration and social security | 45 | €35,371 | €13,390 | -€21,981 | -62.1% |
| Taxes | 450/3 | €35,371 | €13,390 | -€21,981 | -62.1% |
| Other amounts payable | 47/48 | €97,080 | €147,884 | +€50,804 | +52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,929 | €34,272 | +€15,342 | +81.1% |
| Other operating charges | 640/8 | €1,608 | €5,040 | +€3,432 | +213.5% |
| Gross operating margin | 9900 | €89,416 | €97,451 | +€8,035 | +9.0% |
| Operating profit (loss) | 9901 | €68,879 | €58,139 | -€10,740 | -15.6% |
| Financial income | 75/76B | €533 | €142 | -€391 | -73.4% |
| Recurring financial income | 75 | €533 | €142 | -€391 | -73.4% |
| Financial charges | 65/66B | €12,413 | €24,805 | +€12,392 | +99.8% |
| Recurring financial charges | 65 | €12,413 | €24,805 | +€12,392 | +99.8% |
| Profit (loss) for the period before taxes | 9903 | €56,999 | €33,476 | -€23,523 | -41.3% |
| Income taxes | 67/77 | €12,328 | €7,812 | -€4,516 | -36.6% |
| Profit (loss) for the period | 9904 | €44,671 | €25,664 | -€19,006 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,671 | €25,664 | -€19,006 | -42.5% |
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 8 October 2026 via checked.be.