FOTEX: 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.
FOTEX
Largest movements
- Cash +€30,739
up €30,739 (+47.2%), from €65,070 to €95,809
mainly Depreciation (+€16,837) and Net result for the year (+€13,999)
- Tangible fixed assets -€15,734
down €15,734 (-47.5%), from €33,105 to €17,371
- Reserves +€13,999
up €13,999 (+3.8%), from €364,321 to €378,320
- Other debts +€5,713
up €5,713 (+5.2%), from €109,383 to €115,096
- Gross operating margin -€21,287
down €21,287 (-36.8%), from €57,784 to €36,497
- Taxes -€6,561
down €6,561 (-46.3%), from €14,168 to €7,608
- Financial income +€2,035
up €2,035 (+19.6%), from €10,406 to €12,441
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 | €500,294 | €516,580 | +€16,287 | +3.3% |
| Fixed assets | 21/28 | €33,105 | €17,371 | -€15,734 | -47.5% |
| Tangible fixed assets | 22/27 | €33,105 | €17,371 | -€15,734 | -47.5% |
| Furniture and vehicles | 24 | €33,105 | €17,371 | -€15,734 | -47.5% |
| Current assets | 29/58 | €467,189 | €499,210 | +€32,021 | +6.9% |
| Amounts receivable within one year | 40/41 | €525 | €1,706 | +€1,181 | +225.1% |
| Other amounts receivable | 41 | €525 | €1,706 | +€1,181 | +225.1% |
| Current investments | 50/53 | €400,000 | €400,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,070 | €95,809 | +€30,739 | +47.2% |
| Deferred charges and accrued income | 490/1 | €1,594 | €1,695 | +€101 | +6.3% |
| Total equity and liabilities | 10/49 | €500,294 | €516,580 | +€16,287 | +3.3% |
| Equity | 10/15 | €382,921 | €396,920 | +€13,999 | +3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €364,321 | €378,320 | +€13,999 | +3.8% |
| Distributable reserves | 133 | €364,321 | €378,320 | +€13,999 | +3.8% |
| Amounts payable | 17/49 | €117,372 | €119,660 | +€2,288 | +1.9% |
| Amounts payable within one year | 42/48 | €117,372 | €119,660 | +€2,288 | +1.9% |
| Financial debts | 43 | €1,750 | €58 | -€1,692 | -96.7% |
| Credit institutions | 430/8 | €1,750 | €58 | -€1,692 | -96.7% |
| Trade debts | 44 | €1,781 | €2,107 | +€326 | +18.3% |
| Suppliers | 440/4 | €1,781 | €2,107 | +€326 | +18.3% |
| Taxes, remuneration and social security | 45 | €4,458 | €2,400 | -€2,059 | -46.2% |
| Taxes | 450/3 | €4,458 | €2,400 | -€2,059 | -46.2% |
| Other amounts payable | 47/48 | €109,383 | €115,096 | +€5,713 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,796 | €16,837 | +€40 | +0.2% |
| Other operating charges | 640/8 | €2,101 | €2,165 | +€64 | +3.0% |
| Gross operating margin | 9900 | €57,784 | €36,497 | -€21,287 | -36.8% |
| Operating profit (loss) | 9901 | €38,887 | €17,495 | -€21,391 | -55.0% |
| Financial income | 75/76B | €10,406 | €12,441 | +€2,035 | +19.6% |
| Recurring financial income | 75 | €10,406 | €12,441 | +€2,035 | +19.6% |
| Financial charges | 65/66B | €8,047 | €8,329 | +€283 | +3.5% |
| Recurring financial charges | 65 | €8,047 | €8,329 | +€283 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €41,246 | €21,606 | -€19,639 | -47.6% |
| Income taxes | 67/77 | €14,168 | €7,608 | -€6,561 | -46.3% |
| Profit (loss) for the period | 9904 | €27,077 | €13,999 | -€13,078 | -48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,077 | €13,999 | -€13,078 | -48.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.