FONGHO MEDICAL: what changed
FONGHO MEDICAL
Largest movements
- Tangible fixed assets -€197,075
down €197,075 (-66.6%), from €295,695 to €98,620
of which Land and buildings: -€182,110
- Receivables within one year +€62,079
up €62,079 (+170%), from €36,413 to €98,492
- Cash +€30,917
up €30,917 (+246%), from €12,566 to €43,483
mainly Investment in fixed assets (net) (+€163,913) and Net result for the year (+€115,331)
- Receivables after one year -€5,750
down €5,750 (-6.3%), from €92,000 to €86,250
- Debts after one year -€139,904
no longer reported in 2025 (was €139,904)
- Reserves +€88,500
up €88,500 (+114%), from €77,360 to €165,860
of which Distributable reserves: +€88,500
- Other debts -€55,093
down €55,093 (-68.8%), from €80,050 to €24,958
- Current portion of long-term debt -€28,372
no longer reported in 2025 (was €28,372)
- Tax, wage and social debts +€18,222
up €18,222 (+37.5%), from €48,545 to €66,768
- Gross operating margin +€113,672
up €113,672 (+116%), from €98,044 to €211,717
- Taxes +€41,315
up €41,315 (+350%), from €11,821 to €53,136
- Depreciation -€15,567
down €15,567 (-31.9%), from €48,729 to €33,162
- Financial charges -€7,988
down €7,988 (-72.0%), from €11,097 to €3,109
- Purchases and services +€7,859
up €7,859 (+6.0%), from €131,285 to €139,143
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €439,286 | €329,119 | -€110,167 | -25.1% |
| Fixed assets | 21/28 | €295,745 | €98,670 | -€197,075 | -66.6% |
| Tangible fixed assets | 22/27 | €295,695 | €98,620 | -€197,075 | -66.6% |
| Land and buildings | 22 | €219,705 | €37,595 | -€182,110 | -82.9% |
| Plant, machinery and equipment | 23 | €75,246 | €59,848 | -€15,397 | -20.5% |
| Furniture and vehicles | 24 | €745 | €1,177 | +€432 | +58.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €143,540 | €230,449 | +€86,908 | +60.5% |
| Amounts receivable after more than one year | 29 | €92,000 | €86,250 | -€5,750 | -6.3% |
| Other amounts receivable | 291 | €92,000 | €86,250 | -€5,750 | -6.3% |
| Amounts receivable within one year | 40/41 | €36,413 | €98,492 | +€62,079 | +170% |
| Other amounts receivable | 41 | €36,413 | €98,492 | +€62,079 | +170% |
| Cash at bank and in hand | 54/58 | €12,566 | €43,483 | +€30,917 | +246% |
| Deferred charges and accrued income | 490/1 | €2,561 | €2,223 | -€337 | -13.2% |
| Total equity and liabilities | 10/49 | €439,286 | €329,119 | -€110,167 | -25.1% |
| Equity | 10/15 | €133,950 | €222,780 | +€88,831 | +66.3% |
| Contributions | 10/11 | €17,355 | €17,355 | = | 0.0% |
| Contributions outside capital | 11 | €17,355 | - | -€17,355 | |
| Other | 1109/19 | €17,355 | - | -€17,355 | |
| Reserves | 13 | €77,360 | €165,860 | +€88,500 | +114% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €75,500 | €164,000 | +€88,500 | +117% |
| Profit (loss) carried forward | 14 | €39,235 | €39,565 | +€331 | +0.8% |
| Amounts payable | 17/49 | €305,336 | €106,338 | -€198,998 | -65.2% |
| Amounts payable after more than one year | 17 | €139,904 | - | -€139,904 | |
| Financial debts | 170/4 | €139,904 | - | -€139,904 | |
| Amounts payable within one year | 42/48 | €165,431 | €100,935 | -€64,496 | -39.0% |
| Current portion of amounts payable after more than one year | 42 | €28,372 | - | -€28,372 | |
| Trade debts | 44 | €8,464 | €9,210 | +€746 | +8.8% |
| Suppliers | 440/4 | €8,464 | €9,210 | +€746 | +8.8% |
| Taxes, remuneration and social security | 45 | €48,545 | €66,768 | +€18,222 | +37.5% |
| Taxes | 450/3 | €48,545 | €66,768 | +€18,222 | +37.5% |
| Other amounts payable | 47/48 | €80,050 | €24,958 | -€55,093 | -68.8% |
| Accrued charges and deferred income | 492/3 | - | €5,403 | +€5,403 | |
| Goods, raw materials, services and sundry goods | 60/61 | €131,285 | €139,143 | +€7,859 | +6.0% |
| Remuneration, social security and pensions | 62 | €330 | - | -€330 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,729 | €33,162 | -€15,567 | -31.9% |
| Other operating charges | 640/8 | €3,624 | €6,610 | +€2,986 | +82.4% |
| Non-recurring operating charges | 66A | €797 | €377 | -€420 | -52.7% |
| Gross operating margin | 9900 | €98,044 | €211,717 | +€113,672 | +116% |
| Operating profit (loss) | 9901 | €44,564 | €171,568 | +€127,004 | +285% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €11,097 | €3,109 | -€7,988 | -72.0% |
| Recurring financial charges | 65 | €11,097 | €3,109 | -€7,988 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | €33,467 | €168,466 | +€135,000 | +403% |
| Income taxes | 67/77 | €11,821 | €53,136 | +€41,315 | +350% |
| Profit (loss) for the period | 9904 | €21,646 | €115,331 | +€93,685 | +433% |
| Profit (loss) for the period to be appropriated | 9905 | €21,646 | €115,331 | +€93,685 | +433% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.