FOUAD: 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.
FOUAD
Largest movements
- Deferred charges and accrued income -€1,572
down €1,572 (-86.1%), from €1,826 to €254
- Tangible fixed assets -€1,311
down €1,311 (-41.1%), from €3,191 to €1,880
- Receivables within one year -€1,204
down €1,204 (-8.4%), from €14,370 to €13,166
of which Trade receivables: -€2,164
- Cash -€901
down €901 (-46.9%), from €1,922 to €1,021
mainly Net result for the year (-€20,578) and Trade debts (-€3,299)
- Profit (loss) carried forward -€20,578
down €20,578, from €5,895 to -€14,683
- Other debts +€19,041
up €19,041 (+3064.0%), from €621 to €19,662
- Trade debts -€3,299
down €3,299 (-83.7%), from €3,941 to €641
- Financial charges -€869
down €869 (-36.8%), from €2,364 to €1,495
- Gross operating margin +€618
up €618 (+4.0%), from -€15,444 to -€14,826
- Other operating charges +€163
up €163 (+6.2%), from €2,635 to €2,798
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 | €40,110 | €35,421 | -€4,688 | -11.7% |
| Fixed assets | 21/28 | €3,191 | €1,880 | -€1,311 | -41.1% |
| Tangible fixed assets | 22/27 | €3,191 | €1,880 | -€1,311 | -41.1% |
| Plant, machinery and equipment | 23 | €3,191 | €1,880 | -€1,311 | -41.1% |
| Current assets | 29/58 | €36,918 | €33,541 | -€3,377 | -9.1% |
| Stocks and contracts in progress | 3 | €18,800 | €19,100 | +€300 | +1.6% |
| Stocks | 30/36 | €18,800 | €19,100 | +€300 | +1.6% |
| Amounts receivable within one year | 40/41 | €14,370 | €13,166 | -€1,204 | -8.4% |
| Trade receivables | 40 | €2,164 | €0 | -€2,164 | -100.0% |
| Other amounts receivable | 41 | €12,206 | €13,166 | +€960 | +7.9% |
| Cash at bank and in hand | 54/58 | €1,922 | €1,021 | -€901 | -46.9% |
| Deferred charges and accrued income | 490/1 | €1,826 | €254 | -€1,572 | -86.1% |
| Total equity and liabilities | 10/49 | €40,110 | €35,421 | -€4,688 | -11.7% |
| Equity | 10/15 | €35,479 | €14,901 | -€20,578 | -58.0% |
| Contributions | 10/11 | €17,200 | €17,200 | = | 0.0% |
| Reserves | 13 | €12,384 | €12,384 | = | 0.0% |
| Non-distributable reserves | 130/1 | €619 | €619 | = | 0.0% |
| Reserves not available under the articles | 1311 | €619 | €619 | = | 0.0% |
| Distributable reserves | 133 | €11,765 | €11,765 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,895 | -€14,683 | -€20,578 | |
| Amounts payable | 17/49 | €4,631 | €20,520 | +€15,889 | +343.1% |
| Amounts payable within one year | 42/48 | €4,631 | €20,520 | +€15,889 | +343.1% |
| Trade debts | 44 | €3,941 | €641 | -€3,299 | -83.7% |
| Suppliers | 440/4 | €3,941 | €641 | -€3,299 | -83.7% |
| Taxes, remuneration and social security | 45 | €69 | €217 | +€148 | +215.0% |
| Taxes | 450/3 | €69 | €217 | +€148 | +215.0% |
| Other amounts payable | 47/48 | €621 | €19,662 | +€19,041 | +3064.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,390 | €1,311 | -€79 | -5.7% |
| Other operating charges | 640/8 | €2,635 | €2,798 | +€163 | +6.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€15,444 | -€14,826 | +€618 | +4.0% |
| Operating profit (loss) | 9901 | -€19,469 | -€18,935 | +€533 | +2.7% |
| Financial income | 75/76B | €0 | €1 | +€1 | +6600.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +6600.0% |
| Financial charges | 65/66B | €2,364 | €1,495 | -€869 | -36.8% |
| Recurring financial charges | 65 | €2,364 | €1,495 | -€869 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | -€21,833 | -€20,430 | +€1,403 | +6.4% |
| Income taxes | 67/77 | €69 | €148 | +€79 | +115.0% |
| Profit (loss) for the period | 9904 | -€21,902 | -€20,578 | +€1,324 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,902 | -€20,578 | +€1,324 | +6.0% |
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 30 September 2026 via checked.be.