FOMERO: 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.
FOMERO
Largest movements
- Tangible fixed assets +€2.9m
up €2.9m (+216.8%), from €1.3m to €4.2m
of which Land and buildings: +€1.4m
- Cash -€206,166
down €206,166 (-86.7%), from €237,690 to €31,525
mainly Investment in fixed assets (net) (-€3.0m) and Net result for the year (-€124,128)
- Deferred charges and accrued income +€122,500
new in 2025: €122,500
- Receivables within one year -€86,384
down €86,384 (-84.2%), from €102,560 to €16,175
- Other debts +€1.5m
new in 2025: €1.5m
- Debts after one year +€620,828
up €620,828 (+162.9%), from €381,057 to €1.0m
- Profit (loss) carried forward +€227,544
up €227,544 (+735.0%), from €30,959 to €258,503
- Current portion of long-term debt +€180,000
up €180,000 (+260.2%), from €69,172 to €249,172
- Reserves +€79,490
up €79,490 (+15.7%), from €506,403 to €585,894
of which Distributable reserves: +€59,787
- Other operating charges +€115,159
up €115,159 (+1843.7%), from €6,246 to €121,405
- Gross operating margin +€89,978
up €89,978 (+105.1%), from €85,642 to €175,620
- Financial charges +€64,627
up €64,627 (+480.0%), from €13,464 to €78,091
- Depreciation +€64,540
up €64,540 (+178.4%), from €36,170 to €100,710
- Taxes -€7,385
down €7,385 (-99.3%), from €7,440 to €55
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 | €1,663,136 | €4,376,882 | +€2.7m | +163.2% |
| Fixed assets | 21/28 | €1,322,886 | €4,190,717 | +€2.9m | +216.8% |
| Tangible fixed assets | 22/27 | €1,322,886 | €4,190,717 | +€2.9m | +216.8% |
| Land and buildings | 22 | €1,026,413 | €2,461,917 | +€1.4m | +139.9% |
| Furniture and vehicles | 24 | - | €20,834 | +€20,834 | |
| Assets under construction and advance payments | 27 | €296,473 | €1,707,966 | +€1.4m | +476.1% |
| Current assets | 29/58 | €340,250 | €186,165 | -€154,085 | -45.3% |
| Amounts receivable after more than one year | 29 | - | €15,965 | +€15,965 | |
| Other amounts receivable | 291 | - | €15,965 | +€15,965 | |
| Amounts receivable within one year | 40/41 | €102,560 | €16,175 | -€86,384 | -84.2% |
| Other amounts receivable | 41 | €102,560 | €16,175 | -€86,384 | -84.2% |
| Cash at bank and in hand | 54/58 | €237,690 | €31,525 | -€206,166 | -86.7% |
| Deferred charges and accrued income | 490/1 | - | €122,500 | +€122,500 | |
| Total equity and liabilities | 10/49 | €1,663,136 | €4,376,882 | +€2.7m | +163.2% |
| Equity | 10/15 | €1,210,115 | €1,576,326 | +€366,212 | +30.3% |
| Contributions | 10/11 | €270,342 | €322,653 | +€52,311 | +19.3% |
| Capital | 10 | €270,342 | €322,653 | +€52,311 | +19.3% |
| Issued capital | 100 | €270,342 | €322,653 | +€52,311 | +19.3% |
| Revaluation surpluses | 12 | €402,410 | €402,410 | = | 0.0% |
| Reserves | 13 | €506,403 | €585,894 | +€79,490 | +15.7% |
| Non-distributable reserves | 130/1 | €27,034 | €32,265 | +€5,231 | +19.3% |
| Legal reserve | 130 | €27,034 | €32,265 | +€5,231 | +19.3% |
| Tax-exempt reserves | 132 | €102,048 | €116,520 | +€14,472 | +14.2% |
| Distributable reserves | 133 | €377,321 | €437,108 | +€59,787 | +15.8% |
| Profit (loss) carried forward | 14 | €30,959 | €258,503 | +€227,544 | +735.0% |
| Investment grants | 15 | - | €6,866 | +€6,866 | |
| Amounts payable | 17/49 | €453,022 | €2,800,556 | +€2.3m | +518.2% |
| Amounts payable after more than one year | 17 | €381,057 | €1,001,885 | +€620,828 | +162.9% |
| Financial debts | 170/4 | €381,057 | €1,001,885 | +€620,828 | +162.9% |
| Amounts payable within one year | 42/48 | €70,332 | €1,780,177 | +€1.7m | +2431.1% |
| Current portion of amounts payable after more than one year | 42 | €69,172 | €249,172 | +€180,000 | +260.2% |
| Trade debts | 44 | - | €7,405 | +€7,405 | |
| Suppliers | 440/4 | - | €7,405 | +€7,405 | |
| Taxes, remuneration and social security | 45 | €1,160 | - | -€1,160 | |
| Taxes | 450/3 | €1,160 | - | -€1,160 | |
| Other amounts payable | 47/48 | - | €1,523,601 | +€1.5m | |
| Accrued charges and deferred income | 492/3 | €1,633 | €18,494 | +€16,861 | +1032.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,170 | €100,710 | +€64,540 | +178.4% |
| Other operating charges | 640/8 | €6,246 | €121,405 | +€115,159 | +1843.7% |
| Gross operating margin | 9900 | €85,642 | €175,620 | +€89,978 | +105.1% |
| Operating profit (loss) | 9901 | €43,226 | -€46,496 | -€89,721 | |
| Financial income | 75/76B | - | €513 | +€513 | |
| Recurring financial income | 75 | - | €513 | +€513 | |
| Financial charges | 65/66B | €13,464 | €78,091 | +€64,627 | +480.0% |
| Recurring financial charges | 65 | €13,464 | €78,091 | +€64,627 | +480.0% |
| Profit (loss) for the period before taxes | 9903 | €29,761 | -€124,073 | -€153,834 | |
| Income taxes | 67/77 | €7,440 | €55 | -€7,385 | -99.3% |
| Profit (loss) for the period | 9904 | €22,321 | -€124,128 | -€146,449 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,321 | -€124,128 | -€146,449 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.