FOURNEAU EN ZN: 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 EN ZN
Largest movements
- Tangible fixed assets +€48,226
up €48,226 (+7.4%), from €650,201 to €698,427
of which Land and buildings: +€74,008
- Cash +€42,608
up €42,608 (+6.2%), from €691,329 to €733,937
mainly Net result for the year (+€78,680) and Depreciation (+€52,033)
- Receivables within one year +€34,716
up €34,716 (+132%), from €26,238 to €60,954
of which Trade receivables: +€32,037
- Reserves +€76,947
up €76,947 (+9.6%), from €799,022 to €875,969
- Other debts +€24,400
up €24,400 (+67.6%), from €36,078 to €60,478
- Trade debts +€19,300
up €19,300 (+1,793%), from €1,076 to €20,376
- Accrued charges and deferred income +€18,288
up €18,288 (+399%), from €4,584 to €22,871
- Depreciation -€262,455
down €262,455 (-83.5%), from €314,488 to €52,033
- Gross operating margin -€66,862
down €66,862 (-31.8%), from €210,456 to €143,594
- Financial charges +€14,428
up €14,428 (+306%), from €4,709 to €19,137
- Other operating charges +€2,828
up €2,828 (+150%), from €1,887 to €4,715
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 | €1,645,448 | €1,780,284 | +€134,836 | +8.2% |
| Fixed assets | 21/28 | €650,201 | €698,427 | +€48,226 | +7.4% |
| Tangible fixed assets | 22/27 | €650,201 | €698,427 | +€48,226 | +7.4% |
| Land and buildings | 22 | €589,518 | €663,526 | +€74,008 | +12.6% |
| Plant, machinery and equipment | 23 | €34,426 | €16,034 | -€18,392 | -53.4% |
| Furniture and vehicles | 24 | €26,257 | €18,867 | -€7,390 | -28.1% |
| Current assets | 29/58 | €995,247 | €1,081,857 | +€86,610 | +8.7% |
| Stocks and contracts in progress | 3 | €275,180 | €284,610 | +€9,430 | +3.4% |
| Stocks | 30/36 | €275,180 | €284,610 | +€9,430 | +3.4% |
| Amounts receivable within one year | 40/41 | €26,238 | €60,954 | +€34,716 | +132% |
| Trade receivables | 40 | €23,913 | €55,950 | +€32,037 | +134% |
| Other amounts receivable | 41 | €2,325 | €5,004 | +€2,679 | +115% |
| Cash at bank and in hand | 54/58 | €691,329 | €733,937 | +€42,608 | +6.2% |
| Deferred charges and accrued income | 490/1 | €2,500 | €2,356 | -€144 | -5.8% |
| Total equity and liabilities | 10/49 | €1,645,448 | €1,780,284 | +€134,836 | +8.2% |
| Equity | 10/15 | €1,172,622 | €1,249,569 | +€76,947 | +6.6% |
| Contributions | 10/11 | €373,600 | €373,600 | = | 0.0% |
| Reserves | 13 | €799,022 | €875,969 | +€76,947 | +9.6% |
| Distributable reserves | 133 | €799,022 | €875,969 | +€76,947 | +9.6% |
| Amounts payable | 17/49 | €472,826 | €530,714 | +€57,889 | +12.2% |
| Amounts payable after more than one year | 17 | €385,000 | €385,000 | = | 0.0% |
| Other amounts payable | 178/9 | €385,000 | €385,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €83,242 | €122,843 | +€39,601 | +47.6% |
| Trade debts | 44 | €1,076 | €20,376 | +€19,300 | +1,793% |
| Suppliers | 440/4 | €1,076 | €20,376 | +€19,300 | +1,793% |
| Taxes, remuneration and social security | 45 | €46,088 | €41,989 | -€4,099 | -8.9% |
| Taxes | 450/3 | €23,499 | €41,989 | +€18,490 | +78.7% |
| Remuneration and social security | 454/9 | €22,588 | - | -€22,588 | |
| Other amounts payable | 47/48 | €36,078 | €60,478 | +€24,400 | +67.6% |
| Accrued charges and deferred income | 492/3 | €4,584 | €22,871 | +€18,288 | +399% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €314,488 | €52,033 | -€262,455 | -83.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,690 | - | +€1,690 | |
| Other operating charges | 640/8 | €1,887 | €4,715 | +€2,828 | +150% |
| Gross operating margin | 9900 | €210,456 | €143,594 | -€66,862 | -31.8% |
| Operating profit (loss) | 9901 | -€104,229 | €86,846 | +€191,076 | |
| Financial income | 75/76B | €10,660 | €10,971 | +€311 | +2.9% |
| Recurring financial income | 75 | €10,660 | €10,971 | +€311 | +2.9% |
| Financial charges | 65/66B | €4,709 | €19,137 | +€14,428 | +306% |
| Recurring financial charges | 65 | €4,709 | €19,137 | +€14,428 | +306% |
| Profit (loss) for the period before taxes | 9903 | -€98,279 | €78,680 | +€176,959 | |
| Profit (loss) for the period | 9904 | -€98,279 | €78,680 | +€176,959 | |
| Profit (loss) for the period to be appropriated | 9905 | -€98,279 | €78,680 | +€176,959 |
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 30 October 2026 via checked.be.