FOURNET: 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.
FOURNET
Largest movements
- Cash -€212,816
down €212,816 (-86.5%), from €245,981 to €33,165
mainly Trade debts (-€161,666) and Net result for the year (-€109,793)
- Receivables within one year -€72,490
down €72,490 (-10.6%), from €682,153 to €609,664
of which Trade receivables: -€72,477
- Stocks and contracts -€59,040
down €59,040 (-24.4%), from €242,000 to €182,960
- Intangible fixed assets -€31,339
down €31,339 (-11.8%), from €266,250 to €234,912
- Trade debts -€161,666
down €161,666 (-21.2%), from €761,561 to €599,895
- Reserves -€109,793
down €109,793 (-34.6%), from €317,566 to €207,773
- Debts after one year -€76,192
down €76,192 (-37.4%), from €203,483 to €127,291
- Tax, wage and social debts -€30,809
down €30,809 (-47.7%), from €64,594 to €33,786
of which Remuneration and social security: -€19,052
- Gross operating margin -€370,575
down €370,575 (-58.0%), from €638,592 to €268,018
- Taxes -€67,420
down €67,420 (-98.8%), from €68,220 to €800
- Staff costs -€9,177
down €9,177 (-2.8%), from €325,014 to €315,837
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 | €1,438,899 | €1,063,537 | -€375,362 | -26.1% |
| Fixed assets | 21/28 | €268,764 | €237,748 | -€31,016 | -11.5% |
| Intangible fixed assets | 21 | €266,250 | €234,912 | -€31,339 | -11.8% |
| Tangible fixed assets | 22/27 | €2,514 | €2,837 | +€322 | +12.8% |
| Furniture and vehicles | 24 | €2,514 | €2,837 | +€322 | +12.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,170,134 | €825,789 | -€344,346 | -29.4% |
| Stocks and contracts in progress | 3 | €242,000 | €182,960 | -€59,040 | -24.4% |
| Stocks | 30/36 | €242,000 | €182,960 | -€59,040 | -24.4% |
| Amounts receivable within one year | 40/41 | €682,153 | €609,664 | -€72,490 | -10.6% |
| Trade receivables | 40 | €682,042 | €609,565 | -€72,477 | -10.6% |
| Other amounts receivable | 41 | €111 | €98 | -€13 | -11.7% |
| Cash at bank and in hand | 54/58 | €245,981 | €33,165 | -€212,816 | -86.5% |
| Total equity and liabilities | 10/49 | €1,438,899 | €1,063,537 | -€375,362 | -26.1% |
| Equity | 10/15 | €336,166 | €226,373 | -€109,793 | -32.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €317,566 | €207,773 | -€109,793 | -34.6% |
| Distributable reserves | 133 | €317,566 | €207,773 | -€109,793 | -34.6% |
| Amounts payable | 17/49 | €1,102,733 | €837,164 | -€265,569 | -24.1% |
| Amounts payable after more than one year | 17 | €203,483 | €127,291 | -€76,192 | -37.4% |
| Financial debts | 170/4 | €203,483 | €127,291 | -€76,192 | -37.4% |
| Amounts payable within one year | 42/48 | €899,250 | €709,872 | -€189,377 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €73,095 | €76,192 | +€3,097 | +4.2% |
| Trade debts | 44 | €761,561 | €599,895 | -€161,666 | -21.2% |
| Suppliers | 440/4 | €761,561 | €599,895 | -€161,666 | -21.2% |
| Taxes, remuneration and social security | 45 | €64,594 | €33,786 | -€30,809 | -47.7% |
| Taxes | 450/3 | €15,602 | €3,845 | -€11,756 | -75.4% |
| Remuneration and social security | 454/9 | €48,993 | €29,940 | -€19,052 | -38.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €325,014 | €315,837 | -€9,177 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,731 | €33,106 | +€375 | +1.1% |
| Other operating charges | 640/8 | €6,170 | €10,048 | +€3,878 | +62.8% |
| Gross operating margin | 9900 | €638,592 | €268,018 | -€370,575 | -58.0% |
| Operating profit (loss) | 9901 | €274,677 | -€90,973 | -€365,650 | |
| Financial income | 75/76B | €844 | €753 | -€92 | -10.9% |
| Recurring financial income | 75 | €844 | €753 | -€92 | -10.9% |
| Financial charges | 65/66B | €20,810 | €18,772 | -€2,038 | -9.8% |
| Recurring financial charges | 65 | €20,810 | €18,772 | -€2,038 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €254,712 | -€108,993 | -€363,704 | |
| Income taxes | 67/77 | €68,220 | €800 | -€67,420 | -98.8% |
| Profit (loss) for the period | 9904 | €186,491 | -€109,793 | -€296,284 | |
| Profit (loss) for the period to be appropriated | 9905 | €186,491 | -€109,793 | -€296,284 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.