FOUGERE: 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.
FOUGERE
Largest movements
- Cash -€14,250
down €14,250 (-7.8%), from €182,539 to €168,289
mainly Contributions, distributions and other (-€75,000) and Tax, wage and social debts (-€6,613)
- Tax, wage and social debts -€6,613
down €6,613 (-30.1%), from €21,999 to €15,386
- Reserves -€6,011
down €6,011 (-7.1%), from €84,327 to €78,316
- Gross operating margin +€16,687
up €16,687 (+21.0%), from €79,411 to €96,099
- Taxes +€11,490
up €11,490 (+75.2%), from €15,286 to €26,776
- Depreciation -€5,237
no longer reported in 2025 (was €5,237)
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 | €184,350 | €171,702 | -€12,649 | -6.9% |
| Current assets | 29/58 | €184,350 | €171,702 | -€12,649 | -6.9% |
| Amounts receivable within one year | 40/41 | €126 | €1,476 | +€1,350 | +1069.6% |
| Other amounts receivable | 41 | €126 | €1,476 | +€1,350 | +1069.6% |
| Cash at bank and in hand | 54/58 | €182,539 | €168,289 | -€14,250 | -7.8% |
| Deferred charges and accrued income | 490/1 | €1,686 | €1,937 | +€251 | +14.9% |
| Total equity and liabilities | 10/49 | €184,350 | €171,702 | -€12,649 | -6.9% |
| Equity | 10/15 | €87,327 | €81,316 | -€6,011 | -6.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €84,327 | €78,316 | -€6,011 | -7.1% |
| Distributable reserves | 133 | €84,327 | €78,316 | -€6,011 | -7.1% |
| Amounts payable | 17/49 | €97,024 | €90,386 | -€6,638 | -6.8% |
| Amounts payable within one year | 42/48 | €97,024 | €90,386 | -€6,638 | -6.8% |
| Trade debts | 44 | €25 | - | -€25 | |
| Suppliers | 440/4 | €25 | - | -€25 | |
| Taxes, remuneration and social security | 45 | €21,999 | €15,386 | -€6,613 | -30.1% |
| Taxes | 450/3 | €21,999 | €15,386 | -€6,613 | -30.1% |
| Other amounts payable | 47/48 | €75,000 | €75,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,237 | - | -€5,237 | |
| Other operating charges | 640/8 | €564 | €249 | -€315 | -55.9% |
| Gross operating margin | 9900 | €79,411 | €96,099 | +€16,687 | +21.0% |
| Operating profit (loss) | 9901 | €73,610 | €95,850 | +€22,240 | +30.2% |
| Financial charges | 65/66B | €84 | €84 | = | 0.0% |
| Recurring financial charges | 65 | €84 | €84 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €73,526 | €95,766 | +€22,240 | +30.2% |
| Income taxes | 67/77 | €15,286 | €26,776 | +€11,490 | +75.2% |
| Profit (loss) for the period | 9904 | €58,240 | €68,989 | +€10,750 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,240 | €68,989 | +€10,750 | +18.5% |
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 8 October 2026 via checked.be.