FONS MAES: 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.
FONS MAES
Largest movements
- Tangible fixed assets +€223,008
up €223,008 (+11.7%), from €1.9m to €2.1m
of which Land and buildings: +€284,256
- Receivables within one year -€45,412
down €45,412 (-62.6%), from €72,511 to €27,099
of which Trade receivables: -€70,618
- Debts after one year +€2.0m
new in 2025: €2.0m
- Other debts -€1.5m
down €1.5m (-86.8%), from €1.7m to €227,730
- Profit (loss) carried forward -€232,067
down €232,067, from €37,163 to -€194,904
- Current portion of long-term debt -€109,131
down €109,131 (-54.6%), from €200,000 to €90,869
- Taxes +€95,690
up €95,690 (+4530.8%), from €2,112 to €97,802
- Financial charges +€30,532
up €30,532 (+1332.7%), from €2,291 to €32,823
- Gross operating margin +€24,216
up €24,216 (+91.9%), from €26,343 to €50,559
- Write-downs -€4,840
down €4,840 (-100.0%), from €4,840 to €0
- Depreciation +€4,770
up €4,770 (+3.5%), from €136,794 to €141,564
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 | €1,988,390 | €2,170,397 | +€182,007 | +9.2% |
| Fixed assets | 21/28 | €1,906,902 | €2,129,910 | +€223,008 | +11.7% |
| Tangible fixed assets | 22/27 | €1,906,902 | €2,129,910 | +€223,008 | +11.7% |
| Land and buildings | 22 | €1,522,236 | €1,806,492 | +€284,256 | +18.7% |
| Plant, machinery and equipment | 23 | €384,237 | €312,151 | -€72,086 | -18.8% |
| Furniture and vehicles | 24 | €429 | €11,268 | +€10,839 | +2526.5% |
| Current assets | 29/58 | €81,488 | €40,487 | -€41,001 | -50.3% |
| Amounts receivable within one year | 40/41 | €72,511 | €27,099 | -€45,412 | -62.6% |
| Trade receivables | 40 | €72,511 | €1,893 | -€70,618 | -97.4% |
| Other amounts receivable | 41 | - | €25,206 | +€25,206 | |
| Cash at bank and in hand | 54/58 | €7,189 | €13,388 | +€6,199 | +86.2% |
| Deferred charges and accrued income | 490/1 | €1,788 | €0 | -€1,788 | -100.0% |
| Total equity and liabilities | 10/49 | €1,988,390 | €2,170,397 | +€182,007 | +9.2% |
| Equity | 10/15 | €45,223 | -€186,844 | -€232,067 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| 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 | - | €0 | = | |
| Profit (loss) carried forward | 14 | €37,163 | -€194,904 | -€232,067 | |
| Amounts payable | 17/49 | €1,943,167 | €2,357,241 | +€414,074 | +21.3% |
| Amounts payable after more than one year | 17 | - | €2,009,131 | +€2.0m | |
| Financial debts | 170/4 | - | €2,009,131 | +€2.0m | |
| Amounts payable within one year | 42/48 | €1,943,167 | €341,109 | -€1.6m | -82.4% |
| Current portion of amounts payable after more than one year | 42 | €200,000 | €90,869 | -€109,131 | -54.6% |
| Trade debts | 44 | €7,851 | €17,993 | +€10,142 | +129.2% |
| Suppliers | 440/4 | €7,851 | €17,993 | +€10,142 | +129.2% |
| Taxes, remuneration and social security | 45 | €13,202 | €4,517 | -€8,685 | -65.8% |
| Taxes | 450/3 | €13,202 | €4,517 | -€8,685 | -65.8% |
| Other amounts payable | 47/48 | €1,722,114 | €227,730 | -€1.5m | -86.8% |
| Accrued charges and deferred income | 492/3 | - | €7,002 | +€7,002 | |
| Remuneration, social security and pensions | 62 | €208 | €0 | -€208 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,794 | €141,564 | +€4,770 | +3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,840 | €0 | -€4,840 | -100.0% |
| Other operating charges | 640/8 | €10,141 | €10,437 | +€296 | +2.9% |
| Gross operating margin | 9900 | €26,343 | €50,559 | +€24,216 | +91.9% |
| Operating profit (loss) | 9901 | -€125,640 | -€101,442 | +€24,198 | +19.3% |
| Financial charges | 65/66B | €2,291 | €32,823 | +€30,532 | +1332.7% |
| Recurring financial charges | 65 | €2,291 | €32,823 | +€30,532 | +1332.7% |
| Profit (loss) for the period before taxes | 9903 | -€127,931 | -€134,266 | -€6,335 | -5.0% |
| Income taxes | 67/77 | €2,112 | €97,802 | +€95,690 | +4530.8% |
| Profit (loss) for the period | 9904 | -€130,043 | -€232,067 | -€102,024 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€130,043 | -€232,067 | -€102,024 | -78.5% |
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 30 September 2026 via checked.be.