Foundry: 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.
Foundry
Largest movements
- Tangible fixed assets -€509,429
down €509,429 (-4.7%), from €10.8m to €10.3m
of which Land and buildings: -€349,514
- Receivables within one year -€156,780
down €156,780 (-91.6%), from €171,157 to €14,377
- Deferred charges and accrued income -€113,847
down €113,847 (-78.6%), from €144,931 to €31,084
- Debts within one year -€411,642
down €411,642 (-83.9%), from €490,375 to €78,734
- Investment grants -€329,677
down €329,677 (-3.5%), from €9.5m to €9.1m
- Gross operating margin +€38,431
up €38,431 (+5.2%), from €736,799 to €775,230
- Other operating charges +€36,948
up €36,948 (+77.4%), from €47,713 to €84,661
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 | €11,207,848 | €10,364,485 | -€843,363 | -7.5% |
| Fixed assets | 21/28 | €10,794,235 | €10,284,806 | -€509,429 | -4.7% |
| Tangible fixed assets | 22/27 | €10,763,622 | €10,254,194 | -€509,429 | -4.7% |
| Land and buildings | 22 | €10,091,997 | €9,742,483 | -€349,514 | -3.5% |
| Plant, machinery and equipment | 23 | €18,376 | €13,191 | -€5,185 | -28.2% |
| Other tangible fixed assets | 26 | €653,250 | €498,520 | -€154,730 | -23.7% |
| Financial fixed assets | 28 | €30,612 | €30,612 | = | 0.0% |
| Current assets | 29/58 | €413,613 | €79,679 | -€333,934 | -80.7% |
| Amounts receivable within one year | 40/41 | €171,157 | €14,377 | -€156,780 | -91.6% |
| Trade receivables | 40 | €171,157 | €14,377 | -€156,780 | -91.6% |
| Cash at bank and in hand | 54/58 | €97,525 | €34,218 | -€63,307 | -64.9% |
| Deferred charges and accrued income | 490/1 | €144,931 | €31,084 | -€113,847 | -78.6% |
| Total equity and liabilities | 10/49 | €11,207,848 | €10,364,485 | -€843,363 | -7.5% |
| Equity | 10/15 | €9,783,897 | €9,454,220 | -€329,677 | -3.4% |
| Contributions | 10/11 | €1,648,431 | €1,648,431 | = | 0.0% |
| Capital | 10 | €1,648,431 | €1,648,431 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,328,981 | -€1,328,981 | = | 0.0% |
| Investment grants | 15 | €9,464,447 | €9,134,770 | -€329,677 | -3.5% |
| Provisions and deferred taxes | 16 | €42,027 | €42,027 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €42,027 | €42,027 | = | 0.0% |
| Major repairs and maintenance | 162 | €42,027 | €42,027 | = | 0.0% |
| Amounts payable | 17/49 | €1,381,924 | €868,238 | -€513,686 | -37.2% |
| Amounts payable after more than one year | 17 | €763,997 | €763,997 | = | 0.0% |
| Other amounts payable | 178/9 | €763,997 | €763,997 | = | 0.0% |
| Amounts payable within one year | 42/48 | €490,375 | €78,734 | -€411,642 | -83.9% |
| Trade debts | 44 | €73,792 | €10,905 | -€62,886 | -85.2% |
| Suppliers | 440/4 | €73,792 | €10,905 | -€62,886 | -85.2% |
| Accrued charges and deferred income | 492/3 | €127,552 | €25,508 | -€102,044 | -80.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €531,047 | €534,405 | +€3,358 | +0.6% |
| Other operating charges | 640/8 | €47,713 | €84,661 | +€36,948 | +77.4% |
| Non-recurring operating charges | 66A | €2,142 | - | -€2,142 | |
| Gross operating margin | 9900 | €736,799 | €775,230 | +€38,431 | +5.2% |
| Operating profit (loss) | 9901 | €155,897 | €156,164 | +€267 | +0.2% |
| Financial income | 75/76B | €753 | €753 | = | 0.0% |
| Recurring financial income | 75 | €753 | €753 | = | 0.0% |
| Financial charges | 65/66B | €6,227 | €3,912 | -€2,315 | -37.2% |
| Recurring financial charges | 65 | €6,227 | €3,912 | -€2,315 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €150,423 | €153,006 | +€2,582 | +1.7% |
| Income taxes | 67/77 | €150,423 | €153,006 | +€2,582 | +1.7% |
| Profit (loss) for the period | 9904 | €0 | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €0 | €0 | = |
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.