Fona: 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.
Fona
Largest movements
- Cash -€71,329
down €71,329 (-29.4%), from €242,809 to €171,480
mainly Other debts (-€64,144) and Stocks and contracts (-€38,783)
- Tangible fixed assets -€46,827
down €46,827 (-9.6%), from €486,045 to €439,217
of which Land and buildings: -€45,073
- Stocks and contracts +€38,783
up €38,783 (+11.8%), from €329,461 to €368,245
- Other debts -€64,144
down €64,144 (-14.6%), from €440,717 to €376,573
- Reserves +€34,054
up €34,054 (+17.6%), from €193,880 to €227,935
of which Distributable reserves: +€34,054
- Debts after one year -€26,043
down €26,043 (-53.2%), from €48,927 to €22,884
- Staff costs -€14,889
down €14,889 (-9.7%), from €154,236 to €139,347
- Taxes +€5,744
up €5,744 (+60.4%), from €9,518 to €15,262
- Financial charges -€4,349
down €4,349 (-18.8%), from €23,104 to €18,755
- Gross operating margin +€4,182
up €4,182 (+1.6%), from €256,634 to €260,816
- Depreciation +€2,798
up €2,798 (+6.0%), from €46,609 to €49,408
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 | €1,078,492 | €1,005,310 | -€73,182 | -6.8% |
| Fixed assets | 21/28 | €489,345 | €442,517 | -€46,827 | -9.6% |
| Tangible fixed assets | 22/27 | €486,045 | €439,217 | -€46,827 | -9.6% |
| Land and buildings | 22 | €459,041 | €413,968 | -€45,073 | -9.8% |
| Plant, machinery and equipment | 23 | €986 | €3,222 | +€2,235 | +226.6% |
| Furniture and vehicles | 24 | €7,500 | €7,500 | = | 0.0% |
| Other tangible fixed assets | 26 | €18,517 | €14,527 | -€3,990 | -21.5% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €589,147 | €562,793 | -€26,354 | -4.5% |
| Stocks and contracts in progress | 3 | €329,461 | €368,245 | +€38,783 | +11.8% |
| Stocks | 30/36 | €329,461 | €368,245 | +€38,783 | +11.8% |
| Amounts receivable within one year | 40/41 | €9,039 | €9,766 | +€726 | +8.0% |
| Trade receivables | 40 | €3,410 | €9,534 | +€6,123 | +179.6% |
| Other amounts receivable | 41 | €5,629 | €232 | -€5,397 | -95.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €242,809 | €171,480 | -€71,329 | -29.4% |
| Deferred charges and accrued income | 490/1 | €7,837 | €13,303 | +€5,465 | +69.7% |
| Total equity and liabilities | 10/49 | €1,078,492 | €1,005,310 | -€73,182 | -6.8% |
| Equity | 10/15 | €419,146 | €453,201 | +€34,054 | +8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €193,880 | €227,935 | +€34,054 | +17.6% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €156,380 | €190,435 | +€34,054 | +21.8% |
| Profit (loss) carried forward | 14 | €206,666 | €206,666 | = | 0.0% |
| Amounts payable | 17/49 | €659,345 | €552,109 | -€107,236 | -16.3% |
| Amounts payable after more than one year | 17 | €48,927 | €22,884 | -€26,043 | -53.2% |
| Financial debts | 170/4 | €48,927 | €22,884 | -€26,043 | -53.2% |
| Amounts payable within one year | 42/48 | €610,419 | €529,226 | -€81,193 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €26,043 | €26,043 | = | 0.0% |
| Financial debts | 43 | €12,370 | €10,171 | -€2,199 | -17.8% |
| Credit institutions | 430/8 | €12,370 | €10,171 | -€2,199 | -17.8% |
| Trade debts | 44 | €108,228 | €102,430 | -€5,798 | -5.4% |
| Suppliers | 440/4 | €108,228 | €102,430 | -€5,798 | -5.4% |
| Taxes, remuneration and social security | 45 | €23,062 | €14,009 | -€9,052 | -39.3% |
| Taxes | 450/3 | €14,233 | €7,149 | -€7,083 | -49.8% |
| Remuneration and social security | 454/9 | €8,829 | €6,860 | -€1,969 | -22.3% |
| Other amounts payable | 47/48 | €440,717 | €376,573 | -€64,144 | -14.6% |
| Remuneration, social security and pensions | 62 | €154,236 | €139,347 | -€14,889 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,609 | €49,408 | +€2,798 | +6.0% |
| Other operating charges | 640/8 | €6,964 | €7,769 | +€806 | +11.6% |
| Gross operating margin | 9900 | €256,634 | €260,816 | +€4,182 | +1.6% |
| Operating profit (loss) | 9901 | €48,825 | €64,292 | +€15,467 | +31.7% |
| Financial income | 75/76B | €4,329 | €3,779 | -€550 | -12.7% |
| Recurring financial income | 75 | €4,329 | €3,779 | -€550 | -12.7% |
| Financial charges | 65/66B | €23,104 | €18,755 | -€4,349 | -18.8% |
| Recurring financial charges | 65 | €23,104 | €18,755 | -€4,349 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €30,050 | €49,317 | +€19,266 | +64.1% |
| Income taxes | 67/77 | €9,518 | €15,262 | +€5,744 | +60.4% |
| Profit (loss) for the period | 9904 | €20,532 | €34,054 | +€13,522 | +65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,532 | €34,054 | +€13,522 | +65.9% |
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.