FOLUBEL: 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.
FOLUBEL
Largest movements
- Receivables within one year -€13,759
down €13,759 (-15.7%), from €87,623 to €73,864
of which Trade receivables: -€14,769
- Tangible fixed assets -€7,970
down €7,970 (-34.1%), from €23,373 to €15,403
of which Leasing and similar rights: -€8,411
- Cash -€2,393
no longer reported in 2025 (was €2,393)
mainly Net result for the year (-€11,986) and Trade debts (-€7,850)
- Stocks and contracts +€1,528
up €1,528 (+4.1%), from €37,352 to €38,880
- Reserves -€11,986
down €11,986 (-13.8%), from €87,162 to €75,176
of which Distributable reserves: -€11,986
- Trade debts -€7,850
down €7,850 (-40.8%), from €19,229 to €11,379
- Debts after one year -€3,699
down €3,699 (-39.9%), from €9,267 to €5,569
- Short-term financial debts +€1,585
new in 2025: €1,585
- Purchases and services +€102,181
new in 2025: €102,181
- Turnover +€99,102
new in 2025: €99,102
- Gross operating margin -€14,062
down €14,062 (-92.1%), from €15,270 to €1,208
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 | €151,538 | €129,060 | -€22,479 | -14.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €23,373 | €15,403 | -€7,970 | -34.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €23,373 | €15,403 | -€7,970 | -34.1% |
| Plant, machinery and equipment | 23 | €12,053 | €11,788 | -€265 | -2.2% |
| Furniture and vehicles | 24 | €0 | €706 | +€706 | |
| Leasing and similar rights | 25 | €11,320 | €2,909 | -€8,411 | -74.3% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €128,165 | €113,657 | -€14,509 | -11.3% |
| Stocks and contracts in progress | 3 | €37,352 | €38,880 | +€1,528 | +4.1% |
| Stocks | 30/36 | €37,352 | €38,880 | +€1,528 | +4.1% |
| Amounts receivable within one year | 40/41 | €87,623 | €73,864 | -€13,759 | -15.7% |
| Trade receivables | 40 | €85,641 | €70,872 | -€14,769 | -17.2% |
| Other amounts receivable | 41 | €1,982 | €2,992 | +€1,010 | +51.0% |
| Cash at bank and in hand | 54/58 | €2,393 | - | -€2,393 | |
| Deferred charges and accrued income | 490/1 | €797 | €913 | +€116 | +14.5% |
| Total equity and liabilities | 10/49 | €151,538 | €129,060 | -€22,479 | -14.8% |
| Equity | 10/15 | €100,053 | €88,067 | -€11,986 | -12.0% |
| Contributions | 10/11 | €12,890 | €12,890 | = | 0.0% |
| Reserves | 13 | €87,162 | €75,176 | -€11,986 | -13.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €85,303 | €73,317 | -€11,986 | -14.1% |
| Amounts payable | 17/49 | €51,485 | €40,993 | -€10,492 | -20.4% |
| Amounts payable after more than one year | 17 | €9,267 | €5,569 | -€3,699 | -39.9% |
| Financial debts | 170/4 | €9,267 | €5,569 | -€3,699 | -39.9% |
| Amounts payable within one year | 42/48 | €42,218 | €35,424 | -€6,794 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €3,611 | €3,699 | +€88 | +2.4% |
| Financial debts | 43 | - | €1,585 | +€1,585 | |
| Other loans | 439 | - | €1,585 | +€1,585 | |
| Trade debts | 44 | €19,229 | €11,379 | -€7,850 | -40.8% |
| Suppliers | 440/4 | €19,229 | €11,379 | -€7,850 | -40.8% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €1,601 | €400 | -€1,201 | -75.0% |
| Taxes | 450/3 | €1,601 | €400 | -€1,201 | -75.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €17,777 | €18,361 | +€584 | +3.3% |
| Turnover | 70 | - | €99,102 | +€99,102 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €102,181 | +€102,181 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,653 | €12,343 | +€690 | +5.9% |
| Other operating charges | 640/8 | €977 | €838 | -€139 | -14.2% |
| Gross operating margin | 9900 | €15,270 | €1,208 | -€14,062 | -92.1% |
| Operating profit (loss) | 9901 | €2,640 | -€11,973 | -€14,613 | |
| Financial income | 75/76B | €39 | €555 | +€516 | +1,317% |
| Recurring financial income | 75 | €39 | €555 | +€516 | +1,317% |
| Financial charges | 65/66B | €677 | €568 | -€110 | -16.2% |
| Recurring financial charges | 65 | €677 | €568 | -€110 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €2,002 | -€11,986 | -€13,988 | |
| Income taxes | 67/77 | €400 | €0 | -€400 | -99.9% |
| Profit (loss) for the period | 9904 | €1,602 | -€11,986 | -€13,588 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,602 | -€11,986 | -€13,588 |
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 17 October 2026 via checked.be.