FOTONS: 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.
FOTONS
Largest movements
- Cash +€154,433
up €154,433 (+59.5%), from €259,406 to €413,839
mainly Net result for the year (+€97,990) and Tax, wage and social debts (+€53,722)
- Receivables within one year -€16,833
down €16,833 (-11.5%), from €146,498 to €129,665
of which Trade receivables: -€15,833
- Tangible fixed assets -€16,799
down €16,799 (-7.6%), from €219,865 to €203,066
of which Land and buildings: -€9,900
- Reserves +€97,990
up €97,990 (+40.9%), from €239,405 to €337,396
of which Distributable reserves: +€97,990
- Tax, wage and social debts +€53,722
up €53,722 (+233.3%), from €23,030 to €76,752
of which Taxes: +€52,729
- Trade debts -€21,782
down €21,782 (-22.2%), from €97,939 to €76,156
- Debts after one year -€10,440
down €10,440 (-7.5%), from €138,760 to €128,320
- Gross operating margin +€115,277
up €115,277 (+112.5%), from €102,459 to €217,736
- Taxes +€38,673
up €38,673 (+307.2%), from €12,589 to €51,262
- Staff costs +€3,091
up €3,091 (+8.7%), from €35,442 to €38,533
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 | €661,023 | €777,935 | +€116,912 | +17.7% |
| Fixed assets | 21/28 | €219,865 | €203,066 | -€16,799 | -7.6% |
| Tangible fixed assets | 22/27 | €219,865 | €203,066 | -€16,799 | -7.6% |
| Land and buildings | 22 | €195,535 | €185,635 | -€9,900 | -5.1% |
| Plant, machinery and equipment | 23 | €2,271 | €1,343 | -€928 | -40.9% |
| Furniture and vehicles | 24 | €18,183 | €12,862 | -€5,321 | -29.3% |
| Other tangible fixed assets | 26 | €3,877 | €3,227 | -€650 | -16.8% |
| Current assets | 29/58 | €441,159 | €574,869 | +€133,711 | +30.3% |
| Stocks and contracts in progress | 3 | €29,157 | €29,157 | = | 0.0% |
| Stocks | 30/36 | €29,157 | €29,157 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €146,498 | €129,665 | -€16,833 | -11.5% |
| Trade receivables | 40 | €114,858 | €99,025 | -€15,833 | -13.8% |
| Other amounts receivable | 41 | €31,641 | €30,641 | -€1,000 | -3.2% |
| Cash at bank and in hand | 54/58 | €259,406 | €413,839 | +€154,433 | +59.5% |
| Deferred charges and accrued income | 490/1 | €6,098 | €2,209 | -€3,889 | -63.8% |
| Total equity and liabilities | 10/49 | €661,023 | €777,935 | +€116,912 | +17.7% |
| Equity | 10/15 | €281,885 | €379,875 | +€97,990 | +34.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €239,405 | €337,396 | +€97,990 | +40.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €237,545 | €335,536 | +€97,990 | +41.3% |
| Profit (loss) carried forward | 14 | €36,279 | €36,279 | = | 0.0% |
| Amounts payable | 17/49 | €379,139 | €398,060 | +€18,921 | +5.0% |
| Amounts payable after more than one year | 17 | €138,760 | €128,320 | -€10,440 | -7.5% |
| Financial debts | 170/4 | €138,760 | €128,320 | -€10,440 | -7.5% |
| Amounts payable within one year | 42/48 | €233,878 | €263,240 | +€29,361 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €10,179 | €10,440 | +€261 | +2.6% |
| Trade debts | 44 | €97,939 | €76,156 | -€21,782 | -22.2% |
| Suppliers | 440/4 | €97,939 | €76,156 | -€21,782 | -22.2% |
| Advances received on contracts in progress | 46 | €2,729 | €152 | -€2,577 | -94.4% |
| Taxes, remuneration and social security | 45 | €23,030 | €76,752 | +€53,722 | +233.3% |
| Taxes | 450/3 | €16,959 | €69,688 | +€52,729 | +310.9% |
| Remuneration and social security | 454/9 | €6,071 | €7,064 | +€993 | +16.3% |
| Other amounts payable | 47/48 | €100,001 | €99,739 | -€262 | -0.3% |
| Accrued charges and deferred income | 492/3 | €6,500 | €6,500 | = | 0.0% |
| Non-recurring operating income | 76A | - | €2,059 | +€2,059 | |
| Remuneration, social security and pensions | 62 | €35,442 | €38,533 | +€3,091 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,084 | €18,972 | +€1,888 | +11.1% |
| Other operating charges | 640/8 | €4,893 | €3,999 | -€895 | -18.3% |
| Gross operating margin | 9900 | €102,459 | €217,736 | +€115,277 | +112.5% |
| Operating profit (loss) | 9901 | €45,041 | €156,233 | +€111,192 | +246.9% |
| Financial income | 75/76B | €6 | €50 | +€44 | +697.1% |
| Recurring financial income | 75 | €6 | €50 | +€44 | +697.1% |
| Financial charges | 65/66B | €8,062 | €7,030 | -€1,032 | -12.8% |
| Recurring financial charges | 65 | €8,062 | €7,030 | -€1,032 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €36,985 | €149,253 | +€112,268 | +303.6% |
| Income taxes | 67/77 | €12,589 | €51,262 | +€38,673 | +307.2% |
| Profit (loss) for the period | 9904 | €24,395 | €97,990 | +€73,595 | +301.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,395 | €97,990 | +€73,595 | +301.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.