Folon & Partners: 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.
Folon & Partners
Largest movements
- Receivables within one year +€36,010
up €36,010 (+42.7%), from €84,408 to €120,418
of which Trade receivables: +€36,010
- Cash -€12,468
down €12,468 (-64.6%), from €19,292 to €6,824
mainly Receivables within one year (-€36,010) and Tax, wage and social debts (-€22,297)
- Profit (loss) carried forward +€26,298
up €26,298 (+44.0%), from -€59,770 to -€33,472
- Tax, wage and social debts -€22,297
down €22,297 (-32.2%), from €69,231 to €46,934
of which Taxes: -€21,564
- Other debts +€11,274
up €11,274 (+14.6%), from €77,075 to €88,349
- Trade debts +€7,113
up €7,113 (+71.6%), from €9,940 to €17,053
- Gross operating margin -€14,154
down €14,154 (-15.5%), from €91,586 to €77,432
- Taxes -€3,493
down €3,493 (-21.1%), from €16,558 to €13,065
- Depreciation -€2,687
down €2,687 (-46.8%), from €5,738 to €3,051
- Staff costs +€1,296
up €1,296 (+4.3%), from €30,267 to €31,563
- Other operating charges +€1,293
up €1,293 (+58.7%), from €2,202 to €3,495
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,225 | €139,613 | +€22,388 | +19.1% |
| Fixed assets | 21/28 | €13,525 | €12,233 | -€1,292 | -9.6% |
| Tangible fixed assets | 22/27 | €10,134 | €8,842 | -€1,292 | -12.7% |
| Furniture and vehicles | 24 | €9,938 | €8,744 | -€1,194 | -12.0% |
| Other tangible fixed assets | 26 | €196 | €98 | -€98 | -50.0% |
| Financial fixed assets | 28 | €3,391 | €3,391 | = | 0.0% |
| Current assets | 29/58 | €103,700 | €127,380 | +€23,680 | +22.8% |
| Amounts receivable within one year | 40/41 | €84,408 | €120,418 | +€36,010 | +42.7% |
| Trade receivables | 40 | €71,506 | €107,516 | +€36,010 | +50.4% |
| Other amounts receivable | 41 | €12,902 | €12,902 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,292 | €6,824 | -€12,468 | -64.6% |
| Deferred charges and accrued income | 490/1 | - | €138 | +€138 | |
| Total equity and liabilities | 10/49 | €117,225 | €139,613 | +€22,388 | +19.1% |
| Equity | 10/15 | -€39,021 | -€12,723 | +€26,298 | +67.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,157 | €2,157 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,157 | €2,157 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,157 | €2,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,770 | -€33,472 | +€26,298 | +44.0% |
| Amounts payable | 17/49 | €156,246 | €152,336 | -€3,910 | -2.5% |
| Amounts payable within one year | 42/48 | €156,246 | €152,336 | -€3,910 | -2.5% |
| Trade debts | 44 | €9,940 | €17,053 | +€7,113 | +71.6% |
| Suppliers | 440/4 | €9,940 | €17,053 | +€7,113 | +71.6% |
| Taxes, remuneration and social security | 45 | €69,231 | €46,934 | -€22,297 | -32.2% |
| Taxes | 450/3 | €64,319 | €42,755 | -€21,564 | -33.5% |
| Remuneration and social security | 454/9 | €4,912 | €4,179 | -€733 | -14.9% |
| Other amounts payable | 47/48 | €77,075 | €88,349 | +€11,274 | +14.6% |
| Remuneration, social security and pensions | 62 | €30,267 | €31,563 | +€1,296 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,738 | €3,051 | -€2,687 | -46.8% |
| Other operating charges | 640/8 | €2,202 | €3,495 | +€1,293 | +58.7% |
| Gross operating margin | 9900 | €91,586 | €77,432 | -€14,154 | -15.5% |
| Operating profit (loss) | 9901 | €53,379 | €39,323 | -€14,056 | -26.3% |
| Financial income | 75/76B | €67 | €175 | +€108 | +161% |
| Recurring financial income | 75 | €67 | €175 | +€108 | +161% |
| Financial charges | 65/66B | €355 | €135 | -€220 | -62.0% |
| Recurring financial charges | 65 | €355 | €135 | -€220 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | €53,091 | €39,363 | -€13,728 | -25.9% |
| Income taxes | 67/77 | €16,558 | €13,065 | -€3,493 | -21.1% |
| Profit (loss) for the period | 9904 | €36,533 | €26,298 | -€10,235 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,533 | €26,298 | -€10,235 | -28.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.