FONDSI: 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.
FONDSI
Largest movements
- Intangible fixed assets -€44,013
down €44,013 (-6.2%), from €706,731 to €662,718
- Receivables within one year +€13,202
up €13,202 (+45.2%), from €29,231 to €42,433
of which Trade receivables: +€15,171
- Profit (loss) carried forward -€314,058
down €314,058 (-691.2%), from -€45,435 to -€359,494
- Trade debts +€278,550
up €278,550 (+47.9%), from €580,924 to €859,474
- Gross operating margin -€167,778
down €167,778, from €7,010 to -€160,768
- Depreciation +€100,431
up €100,431 (+195.1%), from €51,484 to €151,915
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 | €737,825 | €707,913 | -€29,912 | -4.1% |
| Formation expenses | 20 | €1,361 | €1,021 | -€340 | -25.0% |
| Fixed assets | 21/28 | €706,731 | €662,718 | -€44,013 | -6.2% |
| Intangible fixed assets | 21 | €706,731 | €662,718 | -€44,013 | -6.2% |
| Current assets | 29/58 | €29,733 | €44,175 | +€14,442 | +48.6% |
| Amounts receivable within one year | 40/41 | €29,231 | €42,433 | +€13,202 | +45.2% |
| Trade receivables | 40 | €27,050 | €42,221 | +€15,171 | +56.1% |
| Other amounts receivable | 41 | €2,181 | €213 | -€1,969 | -90.2% |
| Cash at bank and in hand | 54/58 | €501 | €1,741 | +€1,240 | +247.3% |
| Total equity and liabilities | 10/49 | €737,825 | €707,913 | -€29,912 | -4.1% |
| Equity | 10/15 | €154,565 | -€159,494 | -€314,058 | |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,435 | -€359,494 | -€314,058 | -691.2% |
| Amounts payable | 17/49 | €583,260 | €867,407 | +€284,146 | +48.7% |
| Amounts payable within one year | 42/48 | €583,221 | €867,407 | +€284,185 | +48.7% |
| Trade debts | 44 | €580,924 | €859,474 | +€278,550 | +47.9% |
| Suppliers | 440/4 | €580,924 | €859,474 | +€278,550 | +47.9% |
| Other amounts payable | 47/48 | €2,298 | €7,933 | +€5,635 | +245.3% |
| Accrued charges and deferred income | 492/3 | €39 | €0 | -€39 | -100.0% |
| Remuneration, social security and pensions | 62 | - | €70 | +€70 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,484 | €151,915 | +€100,431 | +195.1% |
| Other operating charges | 640/8 | €387 | €408 | +€20 | +5.3% |
| Gross operating margin | 9900 | €7,010 | -€160,768 | -€167,778 | |
| Operating profit (loss) | 9901 | -€44,861 | -€313,161 | -€268,299 | -598.1% |
| Financial charges | 65/66B | €574 | €898 | +€324 | +56.4% |
| Recurring financial charges | 65 | €574 | €898 | +€324 | +56.4% |
| Profit (loss) for the period before taxes | 9903 | -€45,435 | -€314,058 | -€268,623 | -591.2% |
| Profit (loss) for the period | 9904 | -€45,435 | -€314,058 | -€268,623 | -591.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,435 | -€314,058 | -€268,623 | -591.2% |
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 12 October 2026 via checked.be.