Foubert Projects: 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.
Foubert Projects
Largest movements
- Receivables within one year -€26,799
down €26,799 (-57.1%), from €46,900 to €20,101
- Cash +€8,362
up €8,362 (+16.9%), from €49,359 to €57,721
mainly Receivables within one year (+€26,799) and Net result for the year (+€26,538)
- Tangible fixed assets -€2,763
down €2,763 (-30.8%), from €8,978 to €6,215
- Reserves -€13,462
down €13,462 (-18.3%), from €73,757 to €60,295
- Tax, wage and social debts -€8,863
down €8,863 (-33.8%), from €26,185 to €17,322
- Trade debts +€1,068
up €1,068 (+385.6%), from €277 to €1,345
- Gross operating margin -€14,916
down €14,916 (-23.4%), from €63,682 to €48,766
- Taxes +€3,415
up €3,415 (+24.4%), from €13,999 to €17,414
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,237 | €84,037 | -€21,200 | -20.1% |
| Fixed assets | 21/28 | €8,978 | €6,215 | -€2,763 | -30.8% |
| Tangible fixed assets | 22/27 | €8,978 | €6,215 | -€2,763 | -30.8% |
| Furniture and vehicles | 24 | €8,978 | €6,215 | -€2,763 | -30.8% |
| Current assets | 29/58 | €96,259 | €77,822 | -€18,437 | -19.2% |
| Amounts receivable within one year | 40/41 | €46,900 | €20,101 | -€26,799 | -57.1% |
| Trade receivables | 40 | €46,900 | €20,101 | -€26,799 | -57.1% |
| Cash at bank and in hand | 54/58 | €49,359 | €57,721 | +€8,362 | +16.9% |
| Total equity and liabilities | 10/49 | €105,237 | €84,037 | -€21,200 | -20.1% |
| Equity | 10/15 | €78,757 | €65,295 | -€13,462 | -17.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €73,757 | €60,295 | -€13,462 | -18.3% |
| Distributable reserves | 133 | €73,757 | €60,295 | -€13,462 | -18.3% |
| Amounts payable | 17/49 | €26,480 | €18,742 | -€7,738 | -29.2% |
| Amounts payable within one year | 42/48 | €26,480 | €18,742 | -€7,738 | -29.2% |
| Trade debts | 44 | €277 | €1,345 | +€1,068 | +385.6% |
| Suppliers | 440/4 | €277 | €1,345 | +€1,068 | +385.6% |
| Taxes, remuneration and social security | 45 | €26,185 | €17,322 | -€8,863 | -33.8% |
| Taxes | 450/3 | €26,185 | €17,322 | -€8,863 | -33.8% |
| Other amounts payable | 47/48 | €18 | €75 | +€57 | +316.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,763 | €2,763 | = | 0.0% |
| Other operating charges | 640/8 | €1,377 | €1,958 | +€581 | +42.2% |
| Gross operating margin | 9900 | €63,682 | €48,766 | -€14,916 | -23.4% |
| Operating profit (loss) | 9901 | €59,542 | €44,045 | -€15,497 | -26.0% |
| Financial charges | 65/66B | €94 | €93 | -€1 | -1.1% |
| Recurring financial charges | 65 | €94 | €93 | -€1 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €59,448 | €43,952 | -€15,496 | -26.1% |
| Income taxes | 67/77 | €13,999 | €17,414 | +€3,415 | +24.4% |
| Profit (loss) for the period | 9904 | €45,449 | €26,538 | -€18,911 | -41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,449 | €26,538 | -€18,911 | -41.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.