FOQUE: 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.
FOQUE
Largest movements
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash +€72,480
up €72,480 (+59.3%), from €122,217 to €194,696
mainly Current investments (+€100,000) and Net result for the year (+€26,083)
- Stocks and contracts +€49,215
up €49,215 (+16.3%), from €301,412 to €350,626
- Tangible fixed assets +€6,151
up €6,151 (+65.5%), from €9,385 to €15,536
of which Furniture and vehicles: +€8,122
- Receivables within one year -€5,843
down €5,843 (-24.9%), from €23,483 to €17,639
of which Trade receivables: -€7,123
- Reserves +€26,083
up €26,083 (+7.1%), from €368,175 to €394,259
of which Distributable reserves: +€26,083
- Taxes -€4,448
down €4,448 (-30.5%), from €14,590 to €10,142
- Write-downs -€3,122
down €3,122 (-100.0%), from €3,122 to €0
- Gross operating margin +€3,042
up €3,042 (+5.2%), from €58,790 to €61,831
- Financial income -€1,567
down €1,567 (-17.1%), from €9,149 to €7,582
- Depreciation +€1,330
up €1,330 (+34.7%), from €3,827 to €5,156
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 | €560,483 | €582,450 | +€21,967 | +3.9% |
| Fixed assets | 21/28 | €9,385 | €15,536 | +€6,151 | +65.5% |
| Tangible fixed assets | 22/27 | €9,385 | €15,536 | +€6,151 | +65.5% |
| Plant, machinery and equipment | 23 | €2,308 | €958 | -€1,350 | -58.5% |
| Furniture and vehicles | 24 | €4,907 | €13,029 | +€8,122 | +165.5% |
| Other tangible fixed assets | 26 | €2,170 | €1,550 | -€621 | -28.6% |
| Current assets | 29/58 | €551,098 | €566,913 | +€15,816 | +2.9% |
| Stocks and contracts in progress | 3 | €301,412 | €350,626 | +€49,215 | +16.3% |
| Stocks | 30/36 | €301,412 | €350,626 | +€49,215 | +16.3% |
| Amounts receivable within one year | 40/41 | €23,483 | €17,639 | -€5,843 | -24.9% |
| Trade receivables | 40 | €18,066 | €10,943 | -€7,123 | -39.4% |
| Other amounts receivable | 41 | €5,417 | €6,696 | +€1,280 | +23.6% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €122,217 | €194,696 | +€72,480 | +59.3% |
| Deferred charges and accrued income | 490/1 | €3,987 | €3,951 | -€35 | -0.9% |
| Total equity and liabilities | 10/49 | €560,483 | €582,450 | +€21,967 | +3.9% |
| Equity | 10/15 | €380,675 | €406,759 | +€26,083 | +6.9% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €368,175 | €394,259 | +€26,083 | +7.1% |
| Tax-exempt reserves | 132 | €818 | €818 | = | 0.0% |
| Distributable reserves | 133 | €367,358 | €393,441 | +€26,083 | +7.1% |
| Amounts payable | 17/49 | €179,808 | €175,691 | -€4,116 | -2.3% |
| Amounts payable within one year | 42/48 | €178,877 | €175,691 | -€3,186 | -1.8% |
| Trade debts | 44 | €11,624 | €8,755 | -€2,869 | -24.7% |
| Suppliers | 440/4 | €11,624 | €8,755 | -€2,869 | -24.7% |
| Taxes, remuneration and social security | 45 | €3,775 | €1,458 | -€2,316 | -61.4% |
| Taxes | 450/3 | €3,587 | €1,062 | -€2,525 | -70.4% |
| Remuneration and social security | 454/9 | €188 | €396 | +€209 | +111.4% |
| Other amounts payable | 47/48 | €163,478 | €165,478 | +€2,000 | +1.2% |
| Accrued charges and deferred income | 492/3 | €931 | €0 | -€931 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,510 | €3,172 | +€662 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,827 | €5,156 | +€1,330 | +34.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,122 | €0 | -€3,122 | -100.0% |
| Other operating charges | 640/8 | €2,394 | €2,405 | +€11 | +0.5% |
| Non-recurring operating charges | 66A | - | €17,205 | +€17,205 | |
| Gross operating margin | 9900 | €58,790 | €61,831 | +€3,042 | +5.2% |
| Operating profit (loss) | 9901 | €46,938 | €33,893 | -€13,045 | -27.8% |
| Financial income | 75/76B | €9,149 | €7,582 | -€1,567 | -17.1% |
| Recurring financial income | 75 | €9,149 | €7,582 | -€1,567 | -17.1% |
| Financial charges | 65/66B | €4,080 | €5,250 | +€1,170 | +28.7% |
| Recurring financial charges | 65 | €4,080 | €5,250 | +€1,170 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €52,007 | €36,225 | -€15,782 | -30.3% |
| Income taxes | 67/77 | €14,590 | €10,142 | -€4,448 | -30.5% |
| Profit (loss) for the period | 9904 | €37,417 | €26,083 | -€11,334 | -30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €37,417 | €26,083 | -€11,334 | -30.3% |
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 11 October 2026 via checked.be.