FORIBO: 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.
FORIBO
Largest movements
- Stocks and contracts +€587,000
new in 2024: €587,000
- Receivables within one year +€536,957
up €536,957 (+318%), from €168,647 to €705,604
of which Trade receivables: +€371,430
- Tangible fixed assets -€388,890
down €388,890 (-65.6%), from €592,660 to €203,770
of which Assets under construction and advance payments: -€345,500
- Cash -€131,586
down €131,586 (-75.5%), from €174,288 to €42,702
mainly Stocks and contracts (-€587,000) and Receivables within one year (-€536,957)
- Profit (loss) carried forward +€429,892
up €429,892 (+188%), from €228,722 to €658,614
- Debts after one year -€328,163
down €328,163 (-73.1%), from €448,632 to €120,468
- Trade debts +€251,808
up €251,808 (+122%), from €205,948 to €457,755
- Tax, wage and social debts +€159,100
up €159,100 (+1,323%), from €12,023 to €171,122
of which Taxes: +€169,917
- Other debts +€62,630
new in 2024: €62,630
- Gross operating margin +€606,571
up €606,571 (+254%), from €238,713 to €845,284
- Taxes +€162,719
up €162,719 (+2,229%), from €7,300 to €170,020
- Staff costs +€51,554
up €51,554 (+58.5%), from €88,150 to €139,704
- Other operating charges +€15,897
up €15,897 (+199%), from €7,989 to €23,886
- Depreciation +€13,409
up €13,409 (+25.4%), from €52,693 to €66,102
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €945,151 | €1,542,419 | +€597,267 | +63.2% |
| Fixed assets | 21/28 | €595,977 | €207,113 | -€388,865 | -65.2% |
| Tangible fixed assets | 22/27 | €592,660 | €203,770 | -€388,890 | -65.6% |
| Plant, machinery and equipment | 23 | €101,606 | €92,816 | -€8,790 | -8.7% |
| Furniture and vehicles | 24 | €145,554 | €110,954 | -€34,600 | -23.8% |
| Assets under construction and advance payments | 27 | €345,500 | - | -€345,500 | |
| Financial fixed assets | 28 | €3,317 | €3,342 | +€25 | +0.8% |
| Current assets | 29/58 | €349,174 | €1,335,306 | +€986,132 | +282% |
| Stocks and contracts in progress | 3 | - | €587,000 | +€587,000 | |
| Stocks | 30/36 | - | €587,000 | +€587,000 | |
| Amounts receivable within one year | 40/41 | €168,647 | €705,604 | +€536,957 | +318% |
| Trade receivables | 40 | €103,536 | €474,966 | +€371,430 | +359% |
| Other amounts receivable | 41 | €65,111 | €230,638 | +€165,527 | +254% |
| Cash at bank and in hand | 54/58 | €174,288 | €42,702 | -€131,586 | -75.5% |
| Deferred charges and accrued income | 490/1 | €6,240 | - | -€6,240 | |
| Total equity and liabilities | 10/49 | €945,151 | €1,542,419 | +€597,267 | +63.2% |
| Equity | 10/15 | €249,182 | €679,074 | +€429,892 | +173% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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% |
| Profit (loss) carried forward | 14 | €228,722 | €658,614 | +€429,892 | +188% |
| Amounts payable | 17/49 | €695,970 | €863,345 | +€167,375 | +24.0% |
| Amounts payable after more than one year | 17 | €448,632 | €120,468 | -€328,163 | -73.1% |
| Financial debts | 170/4 | €448,632 | €120,468 | -€328,163 | -73.1% |
| Amounts payable within one year | 42/48 | €247,338 | €742,877 | +€495,539 | +200% |
| Current portion of amounts payable after more than one year | 42 | €20,456 | €43,200 | +€22,744 | +111% |
| Financial debts | 43 | €743 | - | -€743 | |
| Credit institutions | 430/8 | €743 | - | -€743 | |
| Trade debts | 44 | €205,948 | €457,755 | +€251,808 | +122% |
| Suppliers | 440/4 | €205,948 | €457,755 | +€251,808 | +122% |
| Advances received on contracts in progress | 46 | €8,169 | €8,169 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €12,023 | €171,122 | +€159,100 | +1,323% |
| Taxes | 450/3 | €102 | €170,020 | +€169,917 | +165,967% |
| Remuneration and social security | 454/9 | €11,920 | €1,102 | -€10,818 | -90.8% |
| Other amounts payable | 47/48 | - | €62,630 | +€62,630 | |
| Remuneration, social security and pensions | 62 | €88,150 | €139,704 | +€51,554 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,693 | €66,102 | +€13,409 | +25.4% |
| Other operating charges | 640/8 | €7,989 | €23,886 | +€15,897 | +199% |
| Gross operating margin | 9900 | €238,713 | €845,284 | +€606,571 | +254% |
| Operating profit (loss) | 9901 | €89,882 | €615,593 | +€525,711 | +585% |
| Financial income | 75/76B | €0 | €1,339 | +€1,339 | +4,462,333% |
| Recurring financial income | 75 | €0 | €1,339 | +€1,339 | +4,462,333% |
| Financial charges | 65/66B | €4,528 | €17,020 | +€12,491 | +276% |
| Recurring financial charges | 65 | €4,528 | €17,020 | +€12,491 | +276% |
| Profit (loss) for the period before taxes | 9903 | €85,354 | €599,912 | +€514,558 | +603% |
| Income taxes | 67/77 | €7,300 | €170,020 | +€162,719 | +2,229% |
| Profit (loss) for the period | 9904 | €78,053 | €429,892 | +€351,839 | +451% |
| Profit (loss) for the period to be appropriated | 9905 | €78,053 | €429,892 | +€351,839 | +451% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.