Fougra: 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.
Fougra
Largest movements
- Tangible fixed assets -€391,415
down €391,415 (-29.2%), from €1.3m to €947,309
of which Land and buildings: -€387,573
- Cash -€33,482
down €33,482 (-10.1%), from €332,940 to €299,458
mainly Debts after one year (-€501,726) and Current investments (-€23,739)
- Current investments +€23,739
up €23,739 (+13.8%), from €171,808 to €195,547
- Debts after one year -€501,726
down €501,726 (-59.5%), from €843,843 to €342,117
- Reserves +€85,216
up €85,216 (+20.3%), from €420,137 to €505,353
of which Tax-exempt reserves: +€85,216
- Provisions +€28,405
up €28,405 (+21.3%), from €133,571 to €161,977
- Gross operating margin +€133,336
up €133,336 (+864.8%), from €15,417 to €148,753
- Depreciation -€13,222
down €13,222 (-29.2%), from €45,277 to €32,055
- Financial income +€3,582
up €3,582 (+113.3%), from €3,162 to €6,744
- Taxes -€3,437
down €3,437, from €815 to -€2,622
- Other operating charges -€2,064
down €2,064 (-40.0%), from €5,154 to €3,090
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 | €1,844,747 | €1,446,466 | -€398,281 | -21.6% |
| Fixed assets | 21/28 | €1,338,724 | €947,309 | -€391,415 | -29.2% |
| Tangible fixed assets | 22/27 | €1,338,724 | €947,309 | -€391,415 | -29.2% |
| Land and buildings | 22 | €1,323,184 | €935,611 | -€387,573 | -29.3% |
| Furniture and vehicles | 24 | €15,540 | €11,698 | -€3,842 | -24.7% |
| Current assets | 29/58 | €506,023 | €499,157 | -€6,866 | -1.4% |
| Amounts receivable within one year | 40/41 | €138 | €2,924 | +€2,786 | +2019.5% |
| Trade receivables | 40 | €0 | €378 | +€378 | |
| Other amounts receivable | 41 | €138 | €2,546 | +€2,408 | +1745.6% |
| Current investments | 50/53 | €171,808 | €195,547 | +€23,739 | +13.8% |
| Cash at bank and in hand | 54/58 | €332,940 | €299,458 | -€33,482 | -10.1% |
| Deferred charges and accrued income | 490/1 | €1,137 | €1,228 | +€91 | +8.0% |
| Total equity and liabilities | 10/49 | €1,844,747 | €1,446,466 | -€398,281 | -21.6% |
| Equity | 10/15 | €845,854 | €917,235 | +€71,382 | +8.4% |
| Contributions | 10/11 | €105,355 | €105,355 | = | 0.0% |
| Capital | 10 | €105,355 | €105,355 | = | 0.0% |
| Issued capital | 100 | €105,355 | €105,355 | = | 0.0% |
| Reserves | 13 | €420,137 | €505,353 | +€85,216 | +20.3% |
| Non-distributable reserves | 130/1 | €10,535 | €10,535 | = | 0.0% |
| Legal reserve | 130 | €10,535 | €10,535 | = | 0.0% |
| Tax-exempt reserves | 132 | €400,714 | €485,930 | +€85,216 | +21.3% |
| Distributable reserves | 133 | €8,888 | €8,888 | = | 0.0% |
| Profit (loss) carried forward | 14 | €320,362 | €306,527 | -€13,835 | -4.3% |
| Provisions and deferred taxes | 16 | €133,571 | €161,977 | +€28,405 | +21.3% |
| Deferred taxes | 168 | €133,571 | €161,977 | +€28,405 | +21.3% |
| Amounts payable | 17/49 | €865,322 | €367,254 | -€498,068 | -57.6% |
| Amounts payable after more than one year | 17 | €843,843 | €342,117 | -€501,726 | -59.5% |
| Financial debts | 170/4 | €843,843 | €342,117 | -€501,726 | -59.5% |
| Amounts payable within one year | 42/48 | €21,478 | €25,137 | +€3,658 | +17.0% |
| Current portion of amounts payable after more than one year | 42 | €20,944 | €21,726 | +€782 | +3.7% |
| Trade debts | 44 | €534 | €3,411 | +€2,877 | +538.7% |
| Suppliers | 440/4 | €534 | €3,411 | +€2,877 | +538.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €131,916 | +€131,916 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,277 | €32,055 | -€13,222 | -29.2% |
| Other operating charges | 640/8 | €5,154 | €3,090 | -€2,064 | -40.0% |
| Non-recurring operating charges | 66A | - | €1,275 | +€1,275 | |
| Gross operating margin | 9900 | €15,417 | €148,753 | +€133,336 | +864.8% |
| Operating profit (loss) | 9901 | -€35,014 | €112,333 | +€147,346 | |
| Financial income | 75/76B | €3,162 | €6,744 | +€3,582 | +113.3% |
| Recurring financial income | 75 | €3,162 | €6,744 | +€3,582 | +113.3% |
| Financial charges | 65/66B | €20,004 | €21,912 | +€1,908 | +9.5% |
| Recurring financial charges | 65 | €20,004 | €21,912 | +€1,908 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€51,856 | €97,165 | +€149,021 | |
| Transfer from deferred taxes | 780 | €4,624 | €4,574 | -€50 | -1.1% |
| Transfer to deferred taxes | 680 | - | €32,979 | +€32,979 | |
| Income taxes | 67/77 | €815 | -€2,622 | -€3,437 | |
| Profit (loss) for the period | 9904 | -€48,047 | €71,382 | +€119,429 | |
| Transfer from tax-exempt reserves | 789 | €13,872 | €13,721 | -€151 | -1.1% |
| Transfer to tax-exempt reserves | 689 | - | €98,937 | +€98,937 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,175 | -€13,835 | +€20,341 | +59.5% |
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 7 October 2026 via checked.be.