Fourneau Management: 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 Management
Largest movements
- Cash +€10,748
up €10,748 (+2,174%), from €494 to €11,243
mainly Net result for the year (+€20,030) and Depreciation (+€7,673)
- Tangible fixed assets -€7,673
down €7,673 (-13.1%), from €58,375 to €50,703
of which Other tangible fixed assets: -€5,337
- Deferred charges and accrued income -€1,696
down €1,696 (-49.3%), from €3,443 to €1,747
- Receivables within one year +€1,448
up €1,448 (+10.5%), from €13,781 to €15,229
of which Trade receivables: +€1,400
- Current investments +€1,000
up €1,000 (+66.7%), from €1,500 to €2,500
- Profit (loss) carried forward +€20,030
up €20,030 (+57.5%), from €34,838 to €54,868
- Current portion of long-term debt -€6,218
down €6,218 (-55.2%), from €11,265 to €5,047
- Tax, wage and social debts -€5,859
down €5,859 (-80.9%), from €7,247 to €1,388
of which Taxes: -€6,154
- Debts after one year -€5,047
down €5,047 (-100%), from €5,047 to €0
- Gross operating margin +€17,709
up €17,709 (+87.5%), from €20,248 to €37,958
- Taxes +€3,541
up €3,541 (+109%), from €3,259 to €6,800
- Depreciation -€1,894
down €1,894 (-19.8%), from €9,566 to €7,673
- Other operating charges -€1,666
down €1,666 (-92.1%), from €1,808 to €142
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 | €77,594 | €81,421 | +€3,828 | +4.9% |
| Fixed assets | 21/28 | €58,375 | €50,703 | -€7,673 | -13.1% |
| Tangible fixed assets | 22/27 | €58,375 | €50,703 | -€7,673 | -13.1% |
| Land and buildings | 22 | €1,906 | €1,429 | -€476 | -25.0% |
| Plant, machinery and equipment | 23 | €2,811 | €1,687 | -€1,125 | -40.0% |
| Furniture and vehicles | 24 | €735 | €0 | -€735 | -100% |
| Other tangible fixed assets | 26 | €52,924 | €47,587 | -€5,337 | -10.1% |
| Current assets | 29/58 | €19,218 | €30,718 | +€11,500 | +59.8% |
| Amounts receivable within one year | 40/41 | €13,781 | €15,229 | +€1,448 | +10.5% |
| Trade receivables | 40 | €11,040 | €12,441 | +€1,400 | +12.7% |
| Other amounts receivable | 41 | €2,741 | €2,788 | +€48 | +1.7% |
| Current investments | 50/53 | €1,500 | €2,500 | +€1,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €494 | €11,243 | +€10,748 | +2,174% |
| Deferred charges and accrued income | 490/1 | €3,443 | €1,747 | -€1,696 | -49.3% |
| Total equity and liabilities | 10/49 | €77,594 | €81,421 | +€3,828 | +4.9% |
| Equity | 10/15 | €39,838 | €59,868 | +€20,030 | +50.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,838 | €54,868 | +€20,030 | +57.5% |
| Amounts payable | 17/49 | €37,755 | €21,553 | -€16,202 | -42.9% |
| Amounts payable after more than one year | 17 | €5,047 | €0 | -€5,047 | -100% |
| Financial debts | 170/4 | €5,047 | €0 | -€5,047 | -100% |
| Amounts payable within one year | 42/48 | €32,708 | €21,553 | -€11,155 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €11,265 | €5,047 | -€6,218 | -55.2% |
| Trade debts | 44 | €99 | €884 | +€784 | +789% |
| Suppliers | 440/4 | €99 | €884 | +€784 | +789% |
| Taxes, remuneration and social security | 45 | €7,247 | €1,388 | -€5,859 | -80.9% |
| Taxes | 450/3 | €7,247 | €1,093 | -€6,154 | -84.9% |
| Remuneration and social security | 454/9 | €0 | €295 | +€295 | |
| Other amounts payable | 47/48 | €14,097 | €14,235 | +€137 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,566 | €7,673 | -€1,894 | -19.8% |
| Other operating charges | 640/8 | €1,808 | €142 | -€1,666 | -92.1% |
| Gross operating margin | 9900 | €20,248 | €37,958 | +€17,709 | +87.5% |
| Operating profit (loss) | 9901 | €8,874 | €30,143 | +€21,269 | +240% |
| Financial charges | 65/66B | €3,666 | €3,314 | -€353 | -9.6% |
| Recurring financial charges | 65 | €3,666 | €3,314 | -€353 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €5,207 | €26,829 | +€21,622 | +415% |
| Income taxes | 67/77 | €3,259 | €6,800 | +€3,541 | +109% |
| Profit (loss) for the period | 9904 | €1,948 | €20,030 | +€18,082 | +928% |
| Profit (loss) for the period to be appropriated | 9905 | €1,948 | €20,030 | +€18,082 | +928% |
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 17 October 2026 via checked.be.