FOURNEAU: 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.
FOURNEAU
Largest movements
- Cash -€58,506
down €58,506 (-67.7%), from €86,427 to €27,921
mainly Debts after one year (-€57,540) and Receivables within one year (-€57,127)
- Receivables within one year +€57,127
up €57,127 (+10.8%), from €531,188 to €588,315
of which Trade receivables: +€33,077
- Tangible fixed assets -€40,210
down €40,210 (-14.5%), from €278,053 to €237,843
of which Furniture and vehicles: -€24,804
- Debts after one year -€57,540
down €57,540 (-37.3%), from €154,376 to €96,836
- Trade debts +€36,399
up €36,399 (+19.0%), from €191,385 to €227,784
- Current portion of long-term debt -€12,604
down €12,604 (-16.8%), from €75,144 to €62,540
- Profit (loss) carried forward -€9,228
down €9,228 (-2.6%), from €349,627 to €340,399
- Gross operating margin -€21,821
down €21,821 (-20.2%), from €108,210 to €86,389
- Purchases and services +€18,211
up €18,211 (+9.3%), from €194,885 to €213,096
- Other operating charges -€15,104
down €15,104 (-50.8%), from €29,714 to €14,610
- Financial charges +€11,343
up €11,343 (+58.4%), from €19,426 to €30,769
of which Financial charges: +€9,041
- Depreciation +€7,109
up €7,109 (+10.0%), from €70,748 to €77,857
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 | €900,357 | €858,510 | -€41,847 | -4.6% |
| Fixed assets | 21/28 | €282,742 | €242,274 | -€40,468 | -14.3% |
| Intangible fixed assets | 21 | €689 | €431 | -€258 | -37.4% |
| Tangible fixed assets | 22/27 | €278,053 | €237,843 | -€40,210 | -14.5% |
| Land and buildings | 22 | €67,988 | €63,533 | -€4,455 | -6.6% |
| Plant, machinery and equipment | 23 | €102,264 | €91,313 | -€10,951 | -10.7% |
| Furniture and vehicles | 24 | €107,801 | €82,997 | -€24,804 | -23.0% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €617,615 | €616,236 | -€1,379 | -0.2% |
| Amounts receivable within one year | 40/41 | €531,188 | €588,315 | +€57,127 | +10.8% |
| Trade receivables | 40 | €73,099 | €106,176 | +€33,077 | +45.2% |
| Other amounts receivable | 41 | €458,089 | €482,139 | +€24,050 | +5.3% |
| Cash at bank and in hand | 54/58 | €86,427 | €27,921 | -€58,506 | -67.7% |
| Total equity and liabilities | 10/49 | €900,357 | €858,510 | -€41,847 | -4.6% |
| Equity | 10/15 | €479,451 | €470,223 | -€9,228 | -1.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €111,232 | €111,232 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €109,373 | €109,373 | = | 0.0% |
| Profit (loss) carried forward | 14 | €349,627 | €340,399 | -€9,228 | -2.6% |
| Amounts payable | 17/49 | €420,906 | €388,287 | -€32,619 | -7.7% |
| Amounts payable after more than one year | 17 | €154,376 | €96,836 | -€57,540 | -37.3% |
| Financial debts | 170/4 | €154,376 | €96,836 | -€57,540 | -37.3% |
| Amounts payable within one year | 42/48 | €266,529 | €291,385 | +€24,856 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €75,144 | €62,540 | -€12,604 | -16.8% |
| Trade debts | 44 | €191,385 | €227,784 | +€36,399 | +19.0% |
| Suppliers | 440/4 | €191,385 | €227,784 | +€36,399 | +19.0% |
| Taxes, remuneration and social security | 45 | - | €998 | +€998 | |
| Remuneration and social security | 454/9 | - | €998 | +€998 | |
| Other amounts payable | 47/48 | - | €63 | +€63 | |
| Accrued charges and deferred income | 492/3 | €1 | €66 | +€65 | +6,500% |
| Turnover | 70 | €304,054 | €299,485 | -€4,569 | -1.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €194,885 | €213,096 | +€18,211 | +9.3% |
| Remuneration, social security and pensions | 62 | - | €1,029 | +€1,029 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,748 | €77,857 | +€7,109 | +10.0% |
| Other operating charges | 640/8 | €29,714 | €14,610 | -€15,104 | -50.8% |
| Gross operating margin | 9900 | €108,210 | €86,389 | -€21,821 | -20.2% |
| Operating profit (loss) | 9901 | €7,748 | -€7,107 | -€14,855 | |
| Financial income | 75/76B | €31,684 | €28,043 | -€3,641 | -11.5% |
| Recurring financial income | 75 | €31,684 | €28,043 | -€3,641 | -11.5% |
| Financial charges | 65/66B | €19,426 | €30,769 | +€11,343 | +58.4% |
| Recurring financial charges | 65 | €8,580 | €17,621 | +€9,041 | +105% |
| Non-recurring financial charges | 66B | €10,846 | €13,148 | +€2,302 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €20,006 | -€9,833 | -€29,839 | |
| Income taxes | 67/77 | -€2,768 | -€605 | +€2,163 | +78.1% |
| Profit (loss) for the period | 9904 | €22,774 | -€9,228 | -€32,002 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,774 | -€9,228 | -€32,002 |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.