FOTON: 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.
FOTON
Largest movements
- Cash -€22,662
down €22,662 (-16.3%), from €138,782 to €116,120
mainly Contributions, distributions and other (-€57,400) and Receivables within one year (-€7,055)
- Intangible fixed assets -€15,004
down €15,004 (-43.0%), from €34,872 to €19,868
- Receivables within one year +€7,055
up €7,055 (+27.0%), from €26,152 to €33,207
of which Other amounts receivable: +€3,599
- Reserves -€46,547
down €46,547 (-31.1%), from €149,573 to €103,026
- Trade debts +€7,813
up €7,813 (+41.7%), from €18,732 to €26,545
- Tax, wage and social debts +€6,366
up €6,366 (+77.9%), from €8,170 to €14,536
of which Taxes: +€4,902
- Staff costs +€9,561
up €9,561 (+228.8%), from €4,178 to €13,739
- Gross operating margin -€7,314
down €7,314 (-14.3%), from €51,289 to €43,975
- Taxes -€6,627
down €6,627 (-66.1%), from €10,028 to €3,401
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 | €203,624 | €173,071 | -€30,553 | -15.0% |
| Fixed assets | 21/28 | €36,009 | €20,620 | -€15,389 | -42.7% |
| Intangible fixed assets | 21 | €34,872 | €19,868 | -€15,004 | -43.0% |
| Tangible fixed assets | 22/27 | €1,063 | €672 | -€391 | -36.8% |
| Furniture and vehicles | 24 | €1,063 | €672 | -€391 | -36.8% |
| Financial fixed assets | 28 | €74 | €80 | +€6 | +8.6% |
| Current assets | 29/58 | €167,615 | €152,451 | -€15,164 | -9.0% |
| Stocks and contracts in progress | 3 | €2,681 | €1,693 | -€988 | -36.9% |
| Stocks | 30/36 | €2,681 | €1,693 | -€988 | -36.9% |
| Amounts receivable within one year | 40/41 | €26,152 | €33,207 | +€7,055 | +27.0% |
| Trade receivables | 40 | €26,152 | €29,609 | +€3,456 | +13.2% |
| Other amounts receivable | 41 | - | €3,599 | +€3,599 | |
| Cash at bank and in hand | 54/58 | €138,782 | €116,120 | -€22,662 | -16.3% |
| Deferred charges and accrued income | 490/1 | - | €1,431 | +€1,431 | |
| Total equity and liabilities | 10/49 | €203,624 | €173,071 | -€30,553 | -15.0% |
| Equity | 10/15 | €164,573 | €118,026 | -€46,547 | -28.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €149,573 | €103,026 | -€46,547 | -31.1% |
| Distributable reserves | 133 | €149,573 | €103,026 | -€46,547 | -31.1% |
| Amounts payable | 17/49 | €39,051 | €55,045 | +€15,994 | +41.0% |
| Amounts payable within one year | 42/48 | €39,051 | €55,045 | +€15,994 | +41.0% |
| Trade debts | 44 | €18,732 | €26,545 | +€7,813 | +41.7% |
| Suppliers | 440/4 | €18,732 | €26,545 | +€7,813 | +41.7% |
| Advances received on contracts in progress | 46 | €9,545 | €11,360 | +€1,816 | +19.0% |
| Taxes, remuneration and social security | 45 | €8,170 | €14,536 | +€6,366 | +77.9% |
| Taxes | 450/3 | €7,430 | €12,332 | +€4,902 | +66.0% |
| Remuneration and social security | 454/9 | €741 | €2,204 | +€1,464 | +197.6% |
| Other amounts payable | 47/48 | €2,603 | €2,603 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €4,178 | €13,739 | +€9,561 | +228.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,114 | €15,395 | +€281 | +1.9% |
| Other operating charges | 640/8 | €505 | €585 | +€80 | +15.8% |
| Gross operating margin | 9900 | €51,289 | €43,975 | -€7,314 | -14.3% |
| Operating profit (loss) | 9901 | €31,491 | €14,256 | -€17,236 | -54.7% |
| Financial income | 75/76B | €33 | €1 | -€32 | -97.0% |
| Recurring financial income | 75 | €33 | €1 | -€32 | -97.0% |
| Financial charges | 65/66B | - | €3 | +€3 | |
| Recurring financial charges | 65 | - | €3 | +€3 | |
| Profit (loss) for the period before taxes | 9903 | €31,525 | €14,254 | -€17,271 | -54.8% |
| Income taxes | 67/77 | €10,028 | €3,401 | -€6,627 | -66.1% |
| Profit (loss) for the period | 9904 | €21,497 | €10,853 | -€10,644 | -49.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,497 | €10,853 | -€10,644 | -49.5% |
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.