FoundationX: 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.
FoundationX
Largest movements
- Cash +€427,994
up €427,994 (+295%), from €144,875 to €572,869
mainly Current investments (+€331,940) and Net result for the year (+€102,729)
- Current investments -€331,940
down €331,940 (-100%), from €331,940 to €0
- Tangible fixed assets +€29,338
up €29,338 (+1,716%), from €1,709 to €31,048
of which Furniture and vehicles: +€29,482
- Receivables within one year -€15,394
down €15,394 (-78.3%), from €19,665 to €4,271
of which Trade receivables: -€14,579
- Reserves +€102,729
up €102,729 (+22.7%), from €451,738 to €554,467
- Trade debts +€8,909
up €8,909 (+1,617%), from €551 to €9,460
- Depreciation +€7,363
up €7,363 (+718%), from €1,026 to €8,389
- Financial income +€5,360
up €5,360 (+192%), from €2,790 to €8,150
- Gross operating margin +€3,116
up €3,116 (+2.2%), from €140,582 to €143,698
- Taxes +€3,102
up €3,102 (+8.8%), from €35,194 to €38,296
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.
Derived cash bridge
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 | €501,040 | €609,792 | +€108,752 | +21.7% |
| Fixed assets | 21/28 | €1,709 | €31,048 | +€29,338 | +1,716% |
| Tangible fixed assets | 22/27 | €1,709 | €31,048 | +€29,338 | +1,716% |
| Plant, machinery and equipment | 23 | €144 | €0 | -€144 | -100% |
| Furniture and vehicles | 24 | €1,566 | €31,048 | +€29,482 | +1,883% |
| Current assets | 29/58 | €499,331 | €578,744 | +€79,413 | +15.9% |
| Amounts receivable within one year | 40/41 | €19,665 | €4,271 | -€15,394 | -78.3% |
| Trade receivables | 40 | €14,579 | €0 | -€14,579 | -100% |
| Other amounts receivable | 41 | €5,086 | €4,271 | -€815 | -16.0% |
| Current investments | 50/53 | €331,940 | €0 | -€331,940 | -100% |
| Cash at bank and in hand | 54/58 | €144,875 | €572,869 | +€427,994 | +295% |
| Deferred charges and accrued income | 490/1 | €2,851 | €1,604 | -€1,247 | -43.7% |
| Total equity and liabilities | 10/49 | €501,040 | €609,792 | +€108,752 | +21.7% |
| Equity | 10/15 | €470,338 | €573,067 | +€102,729 | +21.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €451,738 | €554,467 | +€102,729 | +22.7% |
| Distributable reserves | 133 | €451,738 | €554,467 | +€102,729 | +22.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €30,703 | €36,725 | +€6,022 | +19.6% |
| Amounts payable within one year | 42/48 | €30,703 | €36,725 | +€6,022 | +19.6% |
| Financial debts | 43 | €241 | €790 | +€549 | +227% |
| Credit institutions | 430/8 | €241 | €790 | +€549 | +227% |
| Trade debts | 44 | €551 | €9,460 | +€8,909 | +1,617% |
| Suppliers | 440/4 | €551 | €9,460 | +€8,909 | +1,617% |
| Taxes, remuneration and social security | 45 | €28,192 | €26,475 | -€1,717 | -6.1% |
| Taxes | 450/3 | €28,192 | €26,475 | -€1,717 | -6.1% |
| Other amounts payable | 47/48 | €1,718 | €0 | -€1,718 | -100% |
| Remuneration, social security and pensions | 62 | €403 | €0 | -€403 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,026 | €8,389 | +€7,363 | +718% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €140,582 | €143,698 | +€3,116 | +2.2% |
| Operating profit (loss) | 9901 | €138,648 | €134,790 | -€3,858 | -2.8% |
| Financial income | 75/76B | €2,790 | €8,150 | +€5,360 | +192% |
| Recurring financial income | 75 | €2,790 | €8,150 | +€5,360 | +192% |
| Financial charges | 65/66B | €2,947 | €1,915 | -€1,032 | -35.0% |
| Recurring financial charges | 65 | €2,947 | €1,915 | -€1,032 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €138,491 | €141,025 | +€2,535 | +1.8% |
| Income taxes | 67/77 | €35,194 | €38,296 | +€3,102 | +8.8% |
| Profit (loss) for the period | 9904 | €103,297 | €102,729 | -€567 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €103,297 | €102,729 | -€567 | -0.5% |
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 21 October 2026 via checked.be.