FOU 69: 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.
FOU 69
Largest movements
- Receivables within one year +€501,878
up €501,878 (+31.9%), from €1.6m to €2.1m
of which Trade receivables: +€458,146
- Intangible fixed assets +€160,107
up €160,107 (+288.2%), from €55,560 to €215,667
- Receivables after one year +€94,316
up €94,316 (+518.4%), from €18,194 to €112,510
- Financial fixed assets +€45,000
new in 2025: €45,000
- Other debts +€635,840
up €635,840 (+50.5%), from €1.3m to €1.9m
- Profit (loss) carried forward +€351,330
up €351,330, from -€129,955 to €221,375
- Trade debts -€195,723
down €195,723 (-55.2%), from €354,713 to €158,990
- Tax, wage and social debts -€47,690
down €47,690 (-36.1%), from €132,028 to €84,338
of which Remuneration and social security: -€37,383
- Gross operating margin +€457,102
up €457,102 (+92.9%), from €491,906 to €949,008
- Staff costs +€27,145
up €27,145 (+5.7%), from €472,817 to €499,962
- Financial income +€20,101
up €20,101 (+123.8%), from €16,240 to €36,341
- Financial charges -€14,004
down €14,004 (-19.1%), from €73,407 to €59,403
- Taxes +€11,339
up €11,339 (+2045.5%), from €554 to €11,893
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 | €1,892,888 | €2,667,887 | +€774,999 | +40.9% |
| Fixed assets | 21/28 | €125,819 | €311,703 | +€185,884 | +147.7% |
| Intangible fixed assets | 21 | €55,560 | €215,667 | +€160,107 | +288.2% |
| Tangible fixed assets | 22/27 | €70,259 | €51,036 | -€19,223 | -27.4% |
| Furniture and vehicles | 24 | €70,259 | €51,036 | -€19,223 | -27.4% |
| Financial fixed assets | 28 | - | €45,000 | +€45,000 | |
| Current assets | 29/58 | €1,767,069 | €2,356,185 | +€589,115 | +33.3% |
| Amounts receivable after more than one year | 29 | €18,194 | €112,510 | +€94,316 | +518.4% |
| Other amounts receivable | 291 | €18,194 | €112,510 | +€94,316 | +518.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,573,211 | €2,075,089 | +€501,878 | +31.9% |
| Trade receivables | 40 | €1,098,727 | €1,556,872 | +€458,146 | +41.7% |
| Other amounts receivable | 41 | €474,485 | €518,217 | +€43,732 | +9.2% |
| Cash at bank and in hand | 54/58 | €44,762 | €40,206 | -€4,555 | -10.2% |
| Deferred charges and accrued income | 490/1 | €130,903 | €128,379 | -€2,524 | -1.9% |
| Total equity and liabilities | 10/49 | €1,892,888 | €2,667,887 | +€774,999 | +40.9% |
| Equity | 10/15 | €119,512 | €470,842 | +€351,330 | +294.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €230,467 | €230,467 | = | 0.0% |
| Tax-exempt reserves | 132 | €228,567 | €228,567 | = | 0.0% |
| Distributable reserves | 133 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,955 | €221,375 | +€351,330 | |
| Amounts payable | 17/49 | €1,773,376 | €2,197,045 | +€423,669 | +23.9% |
| Amounts payable within one year | 42/48 | €1,767,089 | €2,176,015 | +€408,926 | +23.1% |
| Financial debts | 43 | €21,878 | €38,376 | +€16,498 | +75.4% |
| Credit institutions | 430/8 | €21,878 | €38,376 | +€16,498 | +75.4% |
| Trade debts | 44 | €354,713 | €158,990 | -€195,723 | -55.2% |
| Suppliers | 440/4 | €354,713 | €158,990 | -€195,723 | -55.2% |
| Taxes, remuneration and social security | 45 | €132,028 | €84,338 | -€47,690 | -36.1% |
| Taxes | 450/3 | €33,888 | €23,581 | -€10,307 | -30.4% |
| Remuneration and social security | 454/9 | €98,140 | €60,757 | -€37,383 | -38.1% |
| Other amounts payable | 47/48 | €1,258,470 | €1,894,310 | +€635,840 | +50.5% |
| Accrued charges and deferred income | 492/3 | €6,287 | €21,030 | +€14,743 | +234.5% |
| Non-recurring operating income | 76A | €2,097 | €0 | -€2,097 | -100.0% |
| Remuneration, social security and pensions | 62 | €472,817 | €499,962 | +€27,145 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,302 | €40,197 | +€3,895 | +10.7% |
| Other operating charges | 640/8 | €1,412 | €1,537 | +€125 | +8.8% |
| Non-recurring operating charges | 66A | €1,540 | €21,026 | +€19,486 | +1265.3% |
| Gross operating margin | 9900 | €491,906 | €949,008 | +€457,102 | +92.9% |
| Operating profit (loss) | 9901 | -€20,165 | €386,285 | +€406,450 | |
| Financial income | 75/76B | €16,240 | €36,341 | +€20,101 | +123.8% |
| Recurring financial income | 75 | €16,240 | €36,341 | +€20,101 | +123.8% |
| Financial charges | 65/66B | €73,407 | €59,403 | -€14,004 | -19.1% |
| Recurring financial charges | 65 | €73,407 | €59,403 | -€14,004 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | -€77,332 | €363,223 | +€440,556 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €554 | €11,893 | +€11,339 | +2045.5% |
| Profit (loss) for the period | 9904 | -€77,887 | €351,330 | +€429,217 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€77,887 | €351,330 | +€429,217 |
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 6 October 2026 via checked.be.