FONCIM: 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.
FONCIM
Largest movements
- Receivables within one year -€39,235
down €39,235 (-78.4%), from €50,039 to €10,803
- Tangible fixed assets -€9,009
down €9,009 (-1.8%), from €493,658 to €484,649
of which Land and buildings: -€4,989
- Tax, wage and social debts -€32,079
down €32,079 (-59.9%), from €53,580 to €21,501
- Reserves -€13,343
down €13,343 (-3.6%), from €367,462 to €354,119
of which Distributable reserves: -€13,343
- Gross operating margin -€87,454
down €87,454 (-84.5%), from €103,534 to €16,080
- Taxes -€21,501
down €21,501 (-100.0%), from €21,501 to €0
- Depreciation +€3,297
up €3,297 (+17.0%), from €19,409 to €22,706
- Financial income -€1,409
down €1,409 (-72.3%), from €1,949 to €540
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 | €549,088 | €500,185 | -€48,903 | -8.9% |
| Fixed assets | 21/28 | €493,658 | €484,649 | -€9,009 | -1.8% |
| Tangible fixed assets | 22/27 | €493,658 | €484,649 | -€9,009 | -1.8% |
| Land and buildings | 22 | €455,394 | €450,404 | -€4,989 | -1.1% |
| Other tangible fixed assets | 26 | €38,264 | €34,245 | -€4,020 | -10.5% |
| Current assets | 29/58 | €55,430 | €15,536 | -€39,894 | -72.0% |
| Amounts receivable within one year | 40/41 | €50,039 | €10,803 | -€39,235 | -78.4% |
| Other amounts receivable | 41 | €50,039 | €10,803 | -€39,235 | -78.4% |
| Cash at bank and in hand | 54/58 | €5,391 | €2,720 | -€2,671 | -49.5% |
| Deferred charges and accrued income | 490/1 | €0 | €2,013 | +€2,013 | |
| Total equity and liabilities | 10/49 | €549,088 | €500,185 | -€48,903 | -8.9% |
| Equity | 10/15 | €491,408 | €478,066 | -€13,343 | -2.7% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €367,462 | €354,119 | -€13,343 | -3.6% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Distributable reserves | 133 | €355,067 | €341,724 | -€13,343 | -3.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €57,679 | €22,120 | -€35,560 | -61.7% |
| Amounts payable within one year | 42/48 | €57,679 | €22,037 | -€35,643 | -61.8% |
| Trade debts | 44 | €4,099 | €535 | -€3,564 | -86.9% |
| Suppliers | 440/4 | €4,099 | €535 | -€3,564 | -86.9% |
| Taxes, remuneration and social security | 45 | €53,580 | €21,501 | -€32,079 | -59.9% |
| Taxes | 450/3 | €53,580 | €21,501 | -€32,079 | -59.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €83 | +€83 | |
| Non-recurring operating income | 76A | €108,859 | €0 | -€108,859 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,409 | €22,706 | +€3,297 | +17.0% |
| Other operating charges | 640/8 | €7,102 | €7,114 | +€12 | +0.2% |
| Gross operating margin | 9900 | €103,534 | €16,080 | -€87,454 | -84.5% |
| Operating profit (loss) | 9901 | €77,023 | -€13,740 | -€90,764 | |
| Financial income | 75/76B | €1,949 | €540 | -€1,409 | -72.3% |
| Recurring financial income | 75 | €1,949 | €540 | -€1,409 | -72.3% |
| Financial charges | 65/66B | €69 | €143 | +€74 | +108.3% |
| Recurring financial charges | 65 | €69 | €143 | +€74 | +108.3% |
| Profit (loss) for the period before taxes | 9903 | €78,904 | -€13,343 | -€92,247 | |
| Income taxes | 67/77 | €21,501 | €0 | -€21,501 | -100.0% |
| Profit (loss) for the period | 9904 | €57,403 | -€13,343 | -€70,745 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,403 | -€13,343 | -€70,745 |
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 29 September 2026 via checked.be.