FOURCO: 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.
FOURCO
Largest movements
- Tangible fixed assets -€32,759
down €32,759 (-3.5%), from €925,564 to €892,805
of which Land and buildings: -€24,335
- Cash +€9,826
up €9,826 (+12864.5%), from €76 to €9,902
mainly Depreciation (+€35,023) and Deferred charges and accrued income (+€9,294)
- Other debts -€22,689
down €22,689 (-4.9%), from €460,376 to €437,687
- Gross operating margin -€10,989
down €10,989 (-21.1%), from €52,109 to €41,120
- Financial income -€3,000
down €3,000 (-38.6%), from €7,773 to €4,773
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 | €942,469 | €910,913 | -€31,556 | -3.3% |
| Fixed assets | 21/28 | €925,814 | €892,805 | -€33,009 | -3.6% |
| Tangible fixed assets | 22/27 | €925,564 | €892,805 | -€32,759 | -3.5% |
| Land and buildings | 22 | €878,251 | €853,916 | -€24,335 | -2.8% |
| Plant, machinery and equipment | 23 | €31,446 | €26,890 | -€4,556 | -14.5% |
| Furniture and vehicles | 24 | €15,867 | €11,999 | -€3,868 | -24.4% |
| Financial fixed assets | 28 | €250 | €0 | -€250 | -100.0% |
| Current assets | 29/58 | €16,654 | €18,108 | +€1,453 | +8.7% |
| Amounts receivable within one year | 40/41 | - | €922 | +€922 | |
| Other amounts receivable | 41 | - | €922 | +€922 | |
| Cash at bank and in hand | 54/58 | €76 | €9,902 | +€9,826 | +12864.5% |
| Deferred charges and accrued income | 490/1 | €16,578 | €7,283 | -€9,294 | -56.1% |
| Total equity and liabilities | 10/49 | €942,469 | €910,913 | -€31,556 | -3.3% |
| Equity | 10/15 | €476,054 | €470,428 | -€5,625 | -1.2% |
| Contributions | 10/11 | €628,410 | €628,410 | = | 0.0% |
| Capital | 10 | €628,410 | €628,410 | = | 0.0% |
| Issued capital | 100 | €628,410 | €628,410 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€227,037 | -€227,889 | -€852 | -0.4% |
| Investment grants | 15 | €74,680 | €69,907 | -€4,773 | -6.4% |
| Amounts payable | 17/49 | €466,415 | €440,484 | -€25,931 | -5.6% |
| Amounts payable within one year | 42/48 | €466,415 | €440,484 | -€25,931 | -5.6% |
| Trade debts | 44 | €6,039 | €2,797 | -€3,242 | -53.7% |
| Suppliers | 440/4 | €6,039 | €2,797 | -€3,242 | -53.7% |
| Other amounts payable | 47/48 | €460,376 | €437,687 | -€22,689 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,174 | €35,023 | -€151 | -0.4% |
| Other operating charges | 640/8 | €11,225 | €11,722 | +€497 | +4.4% |
| Gross operating margin | 9900 | €52,109 | €41,120 | -€10,989 | -21.1% |
| Operating profit (loss) | 9901 | €5,710 | -€5,625 | -€11,335 | |
| Financial income | 75/76B | €7,773 | €4,773 | -€3,000 | -38.6% |
| Recurring financial income | 75 | €7,773 | €4,773 | -€3,000 | -38.6% |
| Financial charges | 65/66B | €36 | €0 | -€36 | -99.6% |
| Recurring financial charges | 65 | €36 | €0 | -€36 | -99.6% |
| Profit (loss) for the period before taxes | 9903 | €13,446 | -€852 | -€14,299 | |
| Profit (loss) for the period | 9904 | €13,446 | -€852 | -€14,299 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,446 | -€852 | -€14,299 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.