FOUND I.T.: 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.
FOUND I.T.
Largest movements
- Cash +€322,379
up €322,379 (+39.1%), from €824,249 to €1.1m
mainly Other debts (+€691,803) and Current investments (+€152,423)
- Current investments -€152,423
down €152,423 (-100.0%), from €152,423 to €0
- Receivables within one year -€96,588
down €96,588 (-8.8%), from €1.1m to €995,812
of which Other amounts receivable: -€95,419
- Tangible fixed assets -€37,760
down €37,760 (-9.5%), from €399,001 to €361,241
- Other debts +€691,803
up €691,803 (+896.8%), from €77,138 to €768,941
- Reserves -€589,160
down €589,160 (-38.4%), from €1.5m to €944,408
of which Distributable reserves: -€589,160
- Current portion of long-term debt -€76,394
down €76,394 (-100.0%), from €76,394 to €0
- Gross operating margin -€148,465
down €148,465 (-53.0%), from €280,036 to €131,571
- Taxes -€40,923
down €40,923 (-45.7%), from €89,561 to €48,638
- Financial charges +€5,172
up €5,172, from -€1,072 to €4,100
- Financial income -€3,894
down €3,894 (-5.7%), from €68,020 to €64,126
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 | €2,645,190 | €2,680,818 | +€35,628 | +1.3% |
| Fixed assets | 21/28 | €573,851 | €536,091 | -€37,760 | -6.6% |
| Tangible fixed assets | 22/27 | €399,001 | €361,241 | -€37,760 | -9.5% |
| Land and buildings | 22 | €399,001 | €361,241 | -€37,760 | -9.5% |
| Financial fixed assets | 28 | €174,850 | €174,850 | = | 0.0% |
| Current assets | 29/58 | €2,071,340 | €2,144,727 | +€73,388 | +3.5% |
| Amounts receivable within one year | 40/41 | €1,092,400 | €995,812 | -€96,588 | -8.8% |
| Trade receivables | 40 | €1,170 | €0 | -€1,170 | -100.0% |
| Other amounts receivable | 41 | €1,091,230 | €995,812 | -€95,419 | -8.7% |
| Current investments | 50/53 | €152,423 | €0 | -€152,423 | -100.0% |
| Cash at bank and in hand | 54/58 | €824,249 | €1,146,628 | +€322,379 | +39.1% |
| Deferred charges and accrued income | 490/1 | €2,267 | €2,287 | +€20 | +0.9% |
| Total equity and liabilities | 10/49 | €2,645,190 | €2,680,818 | +€35,628 | +1.3% |
| Equity | 10/15 | €2,438,168 | €1,830,547 | -€607,622 | -24.9% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Revaluation surpluses | 12 | €92,308 | €73,846 | -€18,462 | -20.0% |
| Reserves | 13 | €1,533,568 | €944,408 | -€589,160 | -38.4% |
| Non-distributable reserves | 130/1 | €75,000 | €75,000 | = | 0.0% |
| Legal reserve | 130 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €1,458,568 | €869,408 | -€589,160 | -40.4% |
| Profit (loss) carried forward | 14 | €62,293 | €62,293 | = | 0.0% |
| Amounts payable | 17/49 | €207,022 | €850,272 | +€643,250 | +310.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €207,022 | €850,272 | +€643,250 | +310.7% |
| Current portion of amounts payable after more than one year | 42 | €76,394 | €0 | -€76,394 | -100.0% |
| Trade debts | 44 | €1,500 | €2,635 | +€1,135 | +75.7% |
| Suppliers | 440/4 | €1,500 | €2,635 | +€1,135 | +75.7% |
| Taxes, remuneration and social security | 45 | €51,990 | €78,695 | +€26,705 | +51.4% |
| Taxes | 450/3 | €51,990 | €78,695 | +€26,705 | +51.4% |
| Other amounts payable | 47/48 | €77,138 | €768,941 | +€691,803 | +896.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,760 | €37,760 | = | 0.0% |
| Other operating charges | 640/8 | €5,887 | €5,858 | -€29 | -0.5% |
| Gross operating margin | 9900 | €280,036 | €131,571 | -€148,465 | -53.0% |
| Operating profit (loss) | 9901 | €236,390 | €87,953 | -€148,437 | -62.8% |
| Financial income | 75/76B | €68,020 | €64,126 | -€3,894 | -5.7% |
| Recurring financial income | 75 | €68,020 | €64,126 | -€3,894 | -5.7% |
| Financial charges | 65/66B | -€1,072 | €4,100 | +€5,172 | |
| Recurring financial charges | 65 | -€1,072 | €4,100 | +€5,172 | |
| Profit (loss) for the period before taxes | 9903 | €305,481 | €147,979 | -€157,502 | -51.6% |
| Income taxes | 67/77 | €89,561 | €48,638 | -€40,923 | -45.7% |
| Profit (loss) for the period | 9904 | €215,920 | €99,341 | -€116,579 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €215,920 | €99,341 | -€116,579 | -54.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.