FOMECO: 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.
What changed
FOMECO
NACE 29.320, Manufacture of motor vehicles, trailers and semi-trailers
financial year 2025 compared with 2024not consecutivefiled annual accounts (NBB)
Net result for the year
€2.5m
2024 · €1.3m+€1.3m
Equity
€8.9m
2024 · €9.4m-€484,875
Cash
€5.7m
2024 · €920,552+€4.7m
Balance sheet total
€20.1m
2024 · €17.0m+€3.1m
Largest movements
Assets
- Cash +€4.7m
up €4.7m (+516%), from €920,552 to €5.7m
- Current investments -€2.5m
down €2.5m (-83.3%), from €3.0m to €500,000
- Receivables within one year +€1.1m
up €1.1m (+27.4%), from €3.9m to €4.9m
of which Other amounts receivable: +€615,417
- Stocks and contracts +€729,426
up €729,426 (+19.8%), from €3.7m to €4.4m
- Tangible fixed assets -€650,693
down €650,693 (-12.7%), from €5.1m to €4.5m
of which Plant, machinery and equipment: -€628,951
Equity and liabilities
- Other debts +€3.0m
up €3.0m, from €0 to €3.0m
- Profit (loss) carried forward -€2.0m
down €2.0m (-100%), from €2.0m to €0
- Trade debts +€1.5m
up €1.5m (+76.9%), from €2.0m to €3.5m
- Reserves +€1.5m
up €1.5m (+19.9%), from €7.4m to €8.8m
of which Distributable reserves: +€1.5m
- Debts after one year -€981,994
down €981,994 (-36.8%), from €2.7m to €1.7m
Income statement
- Turnover +€8.0m
up €8.0m (+24.4%), from €33.0m to €41.0m
- Staff costs +€3.3m
up €3.3m (+26.9%), from €12.2m to €15.5m
- Goods and materials +€2.3m
up €2.3m (+21.8%), from €10.5m to €12.7m
of which Purchases: +€2.6m
- Services and other goods +€2.2m
up €2.2m (+31.6%), from €7.1m to €9.3m
- Depreciation +€538,170
up €538,170 (+39.9%), from €1.3m to €1.9m
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.
Result 2024
€1.3m
Turnover
+€8.0m
Other operating income
+€91,075
Goods and materials
-€2.3m
Services and other goods
-€2.2m
Staff costs
-€3.3m
Depreciation
-€538,170
Write-downs
+€167,337
Other operating charges
-€1,355
Other operating items
+€1.5m
Financial income
-€23,652
Financial charges
-€16,532
Taxes
-€199,709
Result 2025
€2.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,960,821 | €20,091,979 | +€3.1m | +18.5% |
| Fixed assets | 21/28 | €5,148,825 | €4,492,139 | -€656,686 | -12.8% |
| Intangible fixed assets | 21 | €92 | €0 | -€92 | -100% |
| Tangible fixed assets | 22/27 | €5,142,698 | €4,492,004 | -€650,693 | -12.7% |
| Land and buildings | 22 | €1,519,689 | €1,446,829 | -€72,861 | -4.8% |
| Plant, machinery and equipment | 23 | €3,387,595 | €2,758,644 | -€628,951 | -18.6% |
| Furniture and vehicles | 24 | €235,413 | €286,532 | +€51,119 | +21.7% |
| Financial fixed assets | 28 | €6,035 | €135 | -€5,900 | -97.8% |
| Other financial fixed assets | 284/8 | €6,035 | €135 | -€5,900 | -97.8% |
| Amounts receivable and cash guarantees | 285/8 | €6,035 | €135 | -€5,900 | -97.8% |
| Current assets | 29/58 | €11,811,996 | €15,599,840 | +€3.8m | +32.1% |
| Stocks and contracts in progress | 3 | €3,687,674 | €4,417,099 | +€729,426 | +19.8% |
| Stocks | 30/36 | €3,687,674 | €4,417,099 | +€729,426 | +19.8% |
| Raw materials and consumables | 30/31 | €1,500,072 | €1,661,469 | +€161,397 | +10.8% |
| Work in progress | 32 | €1,368,523 | €1,391,725 | +€23,202 | +1.7% |
| Finished goods | 33 | €819,079 | €1,363,905 | +€544,826 | +66.5% |
| Amounts receivable within one year | 40/41 | €3,871,933 | €4,931,897 | +€1.1m | +27.4% |
| Trade receivables | 40 | €3,632,354 | €4,076,902 | +€444,548 | +12.2% |
| Other amounts receivable | 41 | €239,579 | €854,995 | +€615,417 | +257% |
| Current investments | 50/53 | €3,000,000 | €500,000 | -€2.5m | -83.3% |
| Other investments | 51/53 | €3,000,000 | €500,000 | -€2.5m | -83.3% |
| Cash at bank and in hand | 54/58 | €920,552 | €5,666,150 | +€4.7m | +516% |
| Deferred charges and accrued income | 490/1 | €331,838 | €84,694 | -€247,144 | -74.5% |
| Total equity and liabilities | 10/49 | €16,960,821 | €20,091,979 | +€3.1m | +18.5% |
| Equity | 10/15 | €9,385,589 | €8,900,714 | -€484,875 | -5.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €7,370,644 | €8,838,714 | +€1.5m | +19.9% |
| Non-distributable reserves | 130/1 | €25,327 | €25,327 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €19,127 | €19,127 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,190 | €10,190 | = | 0.0% |
| Distributable reserves | 133 | €7,335,126 | €8,803,197 | +€1.5m | +20.0% |
| Profit (loss) carried forward | 14 | €1,952,945 | €0 | -€2.0m | -100% |
| Amounts payable | 17/49 | €7,575,232 | €11,191,265 | +€3.6m | +47.7% |
| Amounts payable after more than one year | 17 | €2,671,945 | €1,689,951 | -€981,994 | -36.8% |
| Financial debts | 170/4 | €2,671,945 | €1,689,951 | -€981,994 | -36.8% |
| Subordinated loans | 170 | €420,833 | €186,458 | -€234,375 | -55.7% |
| Credit institutions | 173 | €2,251,112 | €1,503,493 | -€747,619 | -33.2% |
| Amounts payable within one year | 42/48 | €4,800,024 | €9,295,708 | +€4.5m | +93.7% |
| Current portion of amounts payable after more than one year | 42 | €960,595 | €785,595 | -€175,000 | -18.2% |
| Trade debts | 44 | €1,956,084 | €3,459,934 | +€1.5m | +76.9% |
| Suppliers | 440/4 | €1,956,084 | €3,459,934 | +€1.5m | +76.9% |
| Taxes, remuneration and social security | 45 | €1,883,345 | €2,050,178 | +€166,834 | +8.9% |
| Taxes | 450/3 | €29,275 | €217,410 | +€188,135 | +643% |
| Remuneration and social security | 454/9 | €1,854,070 | €1,832,768 | -€21,302 | -1.1% |
| Other amounts payable | 47/48 | €0 | €3,000,000 | +€3.0m | |
| Accrued charges and deferred income | 492/3 | €103,263 | €205,607 | +€102,344 | +99.1% |
| Operating income | 70/76A | €33,606,739 | €42,706,665 | +€9.1m | +27.1% |
| Turnover | 70 | €32,987,515 | €41,032,176 | +€8.0m | +24.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€395,703 | €568,028 | +€963,731 | |
| Other operating income | 74 | €1,003,246 | €1,094,321 | +€91,075 | +9.1% |
| Non-recurring operating income | 76A | €11,680 | €12,139 | +€459 | +3.9% |
| Operating charges | 60/66A | €31,908,133 | €39,506,560 | +€7.6m | +23.8% |
| Goods for resale, raw materials and consumables | 60 | €10,452,664 | €12,730,675 | +€2.3m | +21.8% |
| Purchases | 600/8 | €10,318,620 | €12,892,072 | +€2.6m | +24.9% |
| Change in stocks: decrease (increase) | 609 | €134,044 | -€161,397 | -€295,442 | |
| Services and other goods | 61 | €7,096,041 | €9,341,104 | +€2.2m | +31.6% |
| Remuneration, social security and pensions | 62 | €12,178,965 | €15,451,932 | +€3.3m | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,348,071 | €1,886,241 | +€538,170 | +39.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €167,337 | €0 | -€167,337 | -100% |
| Other operating charges | 640/8 | €70,750 | €72,105 | +€1,355 | +1.9% |
| Non-recurring operating charges | 66A | €594,305 | €24,504 | -€569,801 | -95.9% |
| Operating profit (loss) | 9901 | €1,698,606 | €3,200,104 | +€1.5m | +88.4% |
| Financial income | 75/76B | €122,301 | €98,649 | -€23,652 | -19.3% |
| Recurring financial income | 75 | €122,301 | €98,649 | -€23,652 | -19.3% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €108,653 | €81,228 | -€27,425 | -25.2% |
| Other financial income | 752/9 | €13,648 | €17,421 | +€3,773 | +27.6% |
| Financial charges | 65/66B | €58,726 | €75,258 | +€16,532 | +28.2% |
| Recurring financial charges | 65 | €58,726 | €75,258 | +€16,532 | +28.2% |
| Debt charges | 650 | €46,543 | €43,193 | -€3,350 | -7.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €0 | - | = | |
| Other financial charges | 652/9 | €12,183 | €32,065 | +€19,882 | +163% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €1,762,181 | €3,223,495 | +€1.5m | +82.9% |
| Income taxes | 67/77 | €508,661 | €708,370 | +€199,709 | +39.3% |
| Taxes | 670/3 | €512,042 | €708,370 | +€196,328 | +38.3% |
| Tax adjustments and reversals of tax provisions | 77 | €3,381 | €0 | -€3,381 | -100% |
| Profit (loss) for the period | 9904 | €1,253,519 | €2,515,125 | +€1.3m | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €1,253,519 | €2,515,125 | +€1.3m | +101% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.