FOPETRO: 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.
FOPETRO
Largest movements
- Cash +€7,565
up €7,565 (+7.2%), from €105,636 to €113,201
mainly Net result for the year (+€15,951) and Depreciation (+€6,369)
- Receivables within one year -€4,988
down €4,988 (-29.9%), from €16,672 to €11,684
of which Trade receivables: -€7,442
- Reserves +€13,360
up €13,360 (+13.9%), from €96,134 to €109,495
of which Distributable reserves: +€13,360
- Other debts -€10,496
down €10,496 (-80.2%), from €13,087 to €2,591
- Tax, wage and social debts -€1,361
down €1,361 (-17.3%), from €7,886 to €6,525
- Gross operating margin -€4,374
down €4,374 (-14.1%), from €30,973 to €26,599
- Depreciation +€4,123
up €4,123 (+183.5%), from €2,246 to €6,369
- Financial charges -€3,162
down €3,162 (-85.9%), from €3,683 to €521
- Other operating charges +€1,269
up €1,269 (+250.8%), from €506 to €1,774
- Taxes -€537
down €537 (-20.8%), from €2,587 to €2,050
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 | €124,308 | €125,677 | +€1,369 | +1.1% |
| Fixed assets | 21/28 | €2,000 | €792 | -€1,208 | -60.4% |
| Tangible fixed assets | 22/27 | €2,000 | €792 | -€1,208 | -60.4% |
| Furniture and vehicles | 24 | €2,000 | €792 | -€1,208 | -60.4% |
| Current assets | 29/58 | €122,308 | €124,885 | +€2,577 | +2.1% |
| Amounts receivable within one year | 40/41 | €16,672 | €11,684 | -€4,988 | -29.9% |
| Trade receivables | 40 | €16,672 | €9,230 | -€7,442 | -44.6% |
| Other amounts receivable | 41 | - | €2,454 | +€2,454 | |
| Cash at bank and in hand | 54/58 | €105,636 | €113,201 | +€7,565 | +7.2% |
| Total equity and liabilities | 10/49 | €124,308 | €125,677 | +€1,369 | +1.1% |
| Equity | 10/15 | €102,334 | €115,695 | +€13,360 | +13.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €96,134 | €109,495 | +€13,360 | +13.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €96,134 | €109,495 | +€13,360 | +13.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,974 | €9,982 | -€11,992 | -54.6% |
| Amounts payable within one year | 42/48 | €21,974 | €9,982 | -€11,992 | -54.6% |
| Trade debts | 44 | €1,001 | €866 | -€135 | -13.5% |
| Suppliers | 440/4 | €1,001 | €866 | -€135 | -13.5% |
| Taxes, remuneration and social security | 45 | €7,886 | €6,525 | -€1,361 | -17.3% |
| Taxes | 450/3 | €7,886 | €6,525 | -€1,361 | -17.3% |
| Other amounts payable | 47/48 | €13,087 | €2,591 | -€10,496 | -80.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,246 | €6,369 | +€4,123 | +183.5% |
| Other operating charges | 640/8 | €506 | €1,774 | +€1,269 | +250.8% |
| Gross operating margin | 9900 | €30,973 | €26,599 | -€4,374 | -14.1% |
| Operating profit (loss) | 9901 | €28,221 | €18,456 | -€9,765 | -34.6% |
| Financial income | 75/76B | - | €67 | +€67 | |
| Recurring financial income | 75 | - | €67 | +€67 | |
| Financial charges | 65/66B | €3,683 | €521 | -€3,162 | -85.9% |
| Recurring financial charges | 65 | €3,683 | €521 | -€3,162 | -85.9% |
| Profit (loss) for the period before taxes | 9903 | €24,538 | €18,001 | -€6,537 | -26.6% |
| Income taxes | 67/77 | €2,587 | €2,050 | -€537 | -20.8% |
| Profit (loss) for the period | 9904 | €21,951 | €15,951 | -€6,000 | -27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €21,951 | €15,951 | -€6,000 | -27.3% |
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 10 October 2026 via checked.be.