FOSFOR: 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.
FOSFOR
Largest movements
- Tangible fixed assets -€27,804
down €27,804 (-11.5%), from €242,680 to €214,877
of which Land and buildings: -€23,042
- Receivables after one year -€9,444
down €9,444 (-37.0%), from €25,553 to €16,109
of which Trade receivables: -€25,553
- Profit (loss) carried forward -€66,547
down €66,547 (-87.5%), from €76,082 to €9,535
- Current portion of long-term debt +€45,173
up €45,173 (+149%), from €30,320 to €75,493
- Debts after one year -€26,475
down €26,475 (-15.5%), from €170,835 to €144,359
of which Financial debts: -€26,475
- Trade debts +€16,409
up €16,409 (+139%), from €11,809 to €28,217
- Tax, wage and social debts -€5,029
down €5,029 (-21.9%), from €22,957 to €17,928
of which Taxes: -€8,815
- Gross operating margin -€151,428
down €151,428 (-71.5%), from €211,907 to €60,479
- Staff costs -€18,220
down €18,220 (-19.3%), from €94,373 to €76,152
- Taxes -€12,923
down €12,923 (-100%), from €12,923 to €0
- Financial charges -€5,442
down €5,442 (-34.9%), from €15,610 to €10,168
- Depreciation +€3,956
up €3,956 (+11.8%), from €33,466 to €37,422
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.
Derived cash bridge
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 | €350,403 | €316,442 | -€33,961 | -9.7% |
| Fixed assets | 21/28 | €261,080 | €233,277 | -€27,804 | -10.6% |
| Tangible fixed assets | 22/27 | €242,680 | €214,877 | -€27,804 | -11.5% |
| Land and buildings | 22 | €215,333 | €192,291 | -€23,042 | -10.7% |
| Plant, machinery and equipment | 23 | €3,783 | €1,156 | -€2,628 | -69.5% |
| Furniture and vehicles | 24 | €19,615 | €18,166 | -€1,449 | -7.4% |
| Other tangible fixed assets | 26 | €3,949 | €3,264 | -€685 | -17.4% |
| Financial fixed assets | 28 | €18,400 | €18,400 | = | 0.0% |
| Current assets | 29/58 | €89,323 | €83,165 | -€6,158 | -6.9% |
| Amounts receivable after more than one year | 29 | €25,553 | €16,109 | -€9,444 | -37.0% |
| Trade receivables | 290 | €25,553 | €0 | -€25,553 | -100% |
| Other amounts receivable | 291 | - | €16,109 | +€16,109 | |
| Amounts receivable within one year | 40/41 | €46,789 | €48,239 | +€1,450 | +3.1% |
| Trade receivables | 40 | €46,785 | €45,239 | -€1,545 | -3.3% |
| Other amounts receivable | 41 | €4 | €3,000 | +€2,996 | +69,024% |
| Cash at bank and in hand | 54/58 | €7,923 | €8,190 | +€267 | +3.4% |
| Deferred charges and accrued income | 490/1 | €9,058 | €10,626 | +€1,568 | +17.3% |
| Total equity and liabilities | 10/49 | €350,403 | €316,442 | -€33,961 | -9.7% |
| Equity | 10/15 | €84,137 | €17,590 | -€66,547 | -79.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,082 | €9,535 | -€66,547 | -87.5% |
| Amounts payable | 17/49 | €266,266 | €298,852 | +€32,586 | +12.2% |
| Amounts payable after more than one year | 17 | €170,835 | €144,359 | -€26,475 | -15.5% |
| Financial debts | 170/4 | €161,411 | €134,935 | -€26,475 | -16.4% |
| Other amounts payable | 178/9 | €9,424 | €9,424 | = | 0.0% |
| Amounts payable within one year | 42/48 | €95,431 | €154,493 | +€59,061 | +61.9% |
| Current portion of amounts payable after more than one year | 42 | €30,320 | €75,493 | +€45,173 | +149% |
| Financial debts | 43 | €1,027 | €1,022 | -€5 | -0.5% |
| Other loans | 439 | €1,027 | €1,022 | -€5 | -0.5% |
| Trade debts | 44 | €11,809 | €28,217 | +€16,409 | +139% |
| Suppliers | 440/4 | €11,809 | €28,217 | +€16,409 | +139% |
| Taxes, remuneration and social security | 45 | €22,957 | €17,928 | -€5,029 | -21.9% |
| Taxes | 450/3 | €15,428 | €6,613 | -€8,815 | -57.1% |
| Remuneration and social security | 454/9 | €7,529 | €11,315 | +€3,786 | +50.3% |
| Other amounts payable | 47/48 | €29,319 | €31,833 | +€2,514 | +8.6% |
| Remuneration, social security and pensions | 62 | €94,373 | €76,152 | -€18,220 | -19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,466 | €37,422 | +€3,956 | +11.8% |
| Other operating charges | 640/8 | €3,846 | €4,384 | +€539 | +14.0% |
| Gross operating margin | 9900 | €211,907 | €60,479 | -€151,428 | -71.5% |
| Operating profit (loss) | 9901 | €80,223 | -€57,479 | -€137,702 | |
| Financial income | 75/76B | €427 | €1,100 | +€673 | +157% |
| Recurring financial income | 75 | €427 | €1,100 | +€673 | +157% |
| Financial charges | 65/66B | €15,610 | €10,168 | -€5,442 | -34.9% |
| Recurring financial charges | 65 | €15,610 | €10,168 | -€5,442 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €65,040 | -€66,547 | -€131,587 | |
| Income taxes | 67/77 | €12,923 | €0 | -€12,923 | -100% |
| Profit (loss) for the period | 9904 | €52,117 | -€66,547 | -€118,664 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,117 | -€66,547 | -€118,664 |
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 17 October 2026 via checked.be.