FONC: 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.
FONC
Largest movements
- Stocks and contracts -€1.5m
down €1.5m (-28.5%), from €5.2m to €3.7m
- Cash +€161,676
up €161,676 (+491%), from €32,930 to €194,606
mainly Stocks and contracts (+€1.5m) and Net result for the year (+€226,735)
- Receivables within one year +€147,376
new in 2025: €147,376
of which Other amounts receivable: +€131,426
- Receivables after one year +€56,000
new in 2025: €56,000
- Debts after one year -€1.2m
down €1.2m (-25.0%), from €4.6m to €3.5m
- Profit (loss) carried forward +€139,987
no longer reported in 2025 (was -€139,987)
- Trade debts -€128,485
down €128,485 (-96.1%), from €133,641 to €5,155
- Reserves +€86,748
new in 2025: €86,748
- Short-term financial debts -€79,734
down €79,734 (-14.9%), from €535,262 to €455,528
- Gross operating margin +€458,332
up €458,332 (+651%), from €70,432 to €528,764
- Financial charges +€74,456
up €74,456 (+40.2%), from €185,193 to €259,649
- Taxes +€28,916
new in 2025: €28,916
- Other operating charges +€12,015
up €12,015 (+361%), from €3,332 to €15,347
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 | €5,202,502 | €4,095,899 | -€1.1m | -21.3% |
| Current assets | 29/58 | €5,202,502 | €4,095,899 | -€1.1m | -21.3% |
| Amounts receivable after more than one year | 29 | - | €56,000 | +€56,000 | |
| Other amounts receivable | 291 | - | €56,000 | +€56,000 | |
| Stocks and contracts in progress | 3 | €5,168,854 | €3,696,607 | -€1.5m | -28.5% |
| Stocks | 30/36 | €5,168,854 | €3,696,607 | -€1.5m | -28.5% |
| Amounts receivable within one year | 40/41 | - | €147,376 | +€147,376 | |
| Trade receivables | 40 | - | €15,950 | +€15,950 | |
| Other amounts receivable | 41 | - | €131,426 | +€131,426 | |
| Cash at bank and in hand | 54/58 | €32,930 | €194,606 | +€161,676 | +491% |
| Deferred charges and accrued income | 490/1 | €719 | €1,310 | +€591 | +82.2% |
| Total equity and liabilities | 10/49 | €5,202,502 | €4,095,899 | -€1.1m | -21.3% |
| Equity | 10/15 | -€89,987 | €136,748 | +€226,735 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €86,748 | +€86,748 | |
| Distributable reserves | 133 | - | €86,748 | +€86,748 | |
| Profit (loss) carried forward | 14 | -€139,987 | - | +€139,987 | |
| Amounts payable | 17/49 | €5,292,489 | €3,959,151 | -€1.3m | -25.2% |
| Amounts payable after more than one year | 17 | €4,620,049 | €3,467,309 | -€1.2m | -25.0% |
| Financial debts | 170/4 | €4,620,049 | €3,467,309 | -€1.2m | -25.0% |
| Amounts payable within one year | 42/48 | €668,903 | €489,599 | -€179,304 | -26.8% |
| Financial debts | 43 | €535,262 | €455,528 | -€79,734 | -14.9% |
| Credit institutions | 430/8 | €535,262 | €455,528 | -€79,734 | -14.9% |
| Trade debts | 44 | €133,641 | €5,155 | -€128,485 | -96.1% |
| Suppliers | 440/4 | €133,641 | €5,155 | -€128,485 | -96.1% |
| Taxes, remuneration and social security | 45 | - | €28,916 | +€28,916 | |
| Taxes | 450/3 | - | €28,916 | +€28,916 | |
| Accrued charges and deferred income | 492/3 | €3,538 | €2,243 | -€1,295 | -36.6% |
| Other operating charges | 640/8 | €3,332 | €15,347 | +€12,015 | +361% |
| Gross operating margin | 9900 | €70,432 | €528,764 | +€458,332 | +651% |
| Operating profit (loss) | 9901 | €67,100 | €513,417 | +€446,317 | +665% |
| Financial income | 75/76B | - | €1,882 | +€1,882 | |
| Recurring financial income | 75 | - | €1,882 | +€1,882 | |
| Financial charges | 65/66B | €185,193 | €259,649 | +€74,456 | +40.2% |
| Recurring financial charges | 65 | €185,193 | €259,649 | +€74,456 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | -€118,093 | €255,651 | +€373,744 | |
| Income taxes | 67/77 | - | €28,916 | +€28,916 | |
| Profit (loss) for the period | 9904 | -€118,093 | €226,735 | +€344,828 | |
| Profit (loss) for the period to be appropriated | 9905 | -€118,093 | €226,735 | +€344,828 |
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 18 October 2026 via checked.be.