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
- Receivables within one year +€44,758
up €44,758 (+221.2%), from €20,238 to €64,997
of which Trade receivables: +€41,871
- Cash +€17,173
up €17,173 (+1365.9%), from €1,257 to €18,430
mainly Debts after one year (+€30,381) and Trade debts (+€14,515)
- Tangible fixed assets -€1,630
down €1,630 (-3.0%), from €54,297 to €52,667
of which Furniture and vehicles: -€6,691
- Debts after one year +€30,381
up €30,381 (+151.7%), from €20,023 to €50,404
- Trade debts +€14,515
up €14,515 (+302.6%), from €4,797 to €19,312
- Reserves +€9,808
up €9,808 (+65.4%), from €15,000 to €24,808
- Tax, wage and social debts +€4,901
up €4,901 (+154.4%), from €3,175 to €8,075
- Gross operating margin +€15,654
up €15,654 (+105.5%), from €14,832 to €30,486
- Taxes +€3,864
up €3,864 (+553.1%), from €699 to €4,563
- Other operating charges -€1,751
down €1,751 (-62.9%), from €2,784 to €1,033
- Financial income +€685
up €685 (+104.7%), from €654 to €1,339
- Financial charges -€642
down €642 (-19.1%), from €3,359 to €2,717
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 | €77,486 | €137,669 | +€60,183 | +77.7% |
| Fixed assets | 21/28 | €54,297 | €52,667 | -€1,630 | -3.0% |
| Tangible fixed assets | 22/27 | €54,297 | €52,667 | -€1,630 | -3.0% |
| Land and buildings | 22 | €16,458 | €22,070 | +€5,612 | +34.1% |
| Plant, machinery and equipment | 23 | €14,350 | €13,800 | -€550 | -3.8% |
| Furniture and vehicles | 24 | €23,489 | €16,798 | -€6,691 | -28.5% |
| Current assets | 29/58 | €23,189 | €85,001 | +€61,812 | +266.6% |
| Amounts receivable within one year | 40/41 | €20,238 | €64,997 | +€44,758 | +221.2% |
| Trade receivables | 40 | €750 | €42,620 | +€41,871 | +5584.2% |
| Other amounts receivable | 41 | €19,489 | €22,377 | +€2,888 | +14.8% |
| Cash at bank and in hand | 54/58 | €1,257 | €18,430 | +€17,173 | +1365.9% |
| Deferred charges and accrued income | 490/1 | €1,693 | €1,574 | -€119 | -7.0% |
| Total equity and liabilities | 10/49 | €77,486 | €137,669 | +€60,183 | +77.7% |
| Equity | 10/15 | €39,283 | €49,091 | +€9,808 | +25.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €24,808 | +€9,808 | +65.4% |
| Distributable reserves | 133 | €15,000 | €24,808 | +€9,808 | +65.4% |
| Profit (loss) carried forward | 14 | €18,283 | €18,283 | = | 0.0% |
| Amounts payable | 17/49 | €38,203 | €88,578 | +€50,374 | +131.9% |
| Amounts payable after more than one year | 17 | €20,023 | €50,404 | +€30,381 | +151.7% |
| Financial debts | 170/4 | €20,023 | €50,404 | +€30,381 | +151.7% |
| Amounts payable within one year | 42/48 | €18,181 | €38,174 | +€19,994 | +110.0% |
| Current portion of amounts payable after more than one year | 42 | €10,209 | €10,787 | +€578 | +5.7% |
| Trade debts | 44 | €4,797 | €19,312 | +€14,515 | +302.6% |
| Suppliers | 440/4 | €4,797 | €19,312 | +€14,515 | +302.6% |
| Taxes, remuneration and social security | 45 | €3,175 | €8,075 | +€4,901 | +154.4% |
| Taxes | 450/3 | €3,175 | €8,075 | +€4,901 | +154.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,098 | €13,704 | +€606 | +4.6% |
| Other operating charges | 640/8 | €2,784 | €1,033 | -€1,751 | -62.9% |
| Gross operating margin | 9900 | €14,832 | €30,486 | +€15,654 | +105.5% |
| Operating profit (loss) | 9901 | -€1,050 | €15,749 | +€16,799 | |
| Financial income | 75/76B | €654 | €1,339 | +€685 | +104.7% |
| Recurring financial income | 75 | €654 | €1,339 | +€685 | +104.7% |
| Financial charges | 65/66B | €3,359 | €2,717 | -€642 | -19.1% |
| Recurring financial charges | 65 | €3,359 | €2,717 | -€642 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,755 | €14,371 | +€18,126 | |
| Income taxes | 67/77 | €699 | €4,563 | +€3,864 | +553.1% |
| Profit (loss) for the period | 9904 | -€4,454 | €9,808 | +€14,262 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,454 | €9,808 | +€14,262 |
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 11 October 2026 via checked.be.