FOUSS M&L: 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.
FOUSS M&L
Largest movements
- Tangible fixed assets +€118,908
up €118,908 (+106%), from €112,682 to €231,591
of which Leasing and similar rights: +€195,955
- Receivables within one year -€14,275
down €14,275 (-28.8%), from €49,492 to €35,217
of which Trade receivables: -€27,853
- Cash +€9,785
up €9,785 (+143%), from €6,827 to €16,612
mainly Debts after one year (+€113,371) and Depreciation (+€32,367)
- Debts after one year +€113,371
up €113,371 (+196%), from €57,932 to €171,303
- Trade debts -€15,467
down €15,467 (-40.2%), from €38,493 to €23,026
- Profit (loss) carried forward +€11,570
up €11,570 (+36.1%), from €32,090 to €43,660
- Other debts +€10,200
up €10,200, from €0 to €10,200
- Tax, wage and social debts -€4,340
down €4,340 (-22.3%), from €19,458 to €15,118
of which Taxes: -€4,340
- Gross operating margin -€38,841
down €38,841 (-34.1%), from €113,934 to €75,094
- Other operating charges -€21,246
down €21,246 (-70.3%), from €30,222 to €8,976
- Taxes -€10,280
down €10,280 (-100%), from €10,280 to €0
- Depreciation -€7,325
down €7,325 (-18.5%), from €39,692 to €32,367
- Financial charges +€2,251
up €2,251 (+34.6%), from €6,506 to €8,757
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 | €190,034 | €305,487 | +€115,452 | +60.8% |
| Fixed assets | 21/28 | €112,682 | €231,591 | +€118,908 | +106% |
| Tangible fixed assets | 22/27 | €112,682 | €231,591 | +€118,908 | +106% |
| Plant, machinery and equipment | 23 | €5,515 | €3,578 | -€1,937 | -35.1% |
| Furniture and vehicles | 24 | €95,826 | €22,218 | -€73,608 | -76.8% |
| Leasing and similar rights | 25 | - | €195,955 | +€195,955 | |
| Other tangible fixed assets | 26 | €11,342 | €9,840 | -€1,501 | -13.2% |
| Current assets | 29/58 | €77,352 | €73,896 | -€3,456 | -4.5% |
| Stocks and contracts in progress | 3 | €9,500 | €11,000 | +€1,500 | +15.8% |
| Stocks | 30/36 | €9,500 | €11,000 | +€1,500 | +15.8% |
| Amounts receivable within one year | 40/41 | €49,492 | €35,217 | -€14,275 | -28.8% |
| Trade receivables | 40 | €45,489 | €17,636 | -€27,853 | -61.2% |
| Other amounts receivable | 41 | €4,003 | €17,581 | +€13,578 | +339% |
| Cash at bank and in hand | 54/58 | €6,827 | €16,612 | +€9,785 | +143% |
| Deferred charges and accrued income | 490/1 | €11,533 | €11,067 | -€467 | -4.0% |
| Total equity and liabilities | 10/49 | €190,034 | €305,487 | +€115,452 | +60.8% |
| Equity | 10/15 | €37,090 | €48,660 | +€11,570 | +31.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,090 | €43,660 | +€11,570 | +36.1% |
| Amounts payable | 17/49 | €152,944 | €256,826 | +€103,882 | +67.9% |
| Amounts payable after more than one year | 17 | €57,932 | €171,303 | +€113,371 | +196% |
| Financial debts | 170/4 | €57,932 | €171,303 | +€113,371 | +196% |
| Amounts payable within one year | 42/48 | €95,012 | €85,523 | -€9,488 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €37,060 | €37,179 | +€119 | +0.3% |
| Trade debts | 44 | €38,493 | €23,026 | -€15,467 | -40.2% |
| Suppliers | 440/4 | €38,493 | €23,026 | -€15,467 | -40.2% |
| Taxes, remuneration and social security | 45 | €19,458 | €15,118 | -€4,340 | -22.3% |
| Taxes | 450/3 | €19,458 | €15,118 | -€4,340 | -22.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €10,200 | +€10,200 | |
| Non-recurring operating income | 76A | - | €12,000 | +€12,000 | |
| Remuneration, social security and pensions | 62 | €3,255 | €1,802 | -€1,453 | -44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,692 | €32,367 | -€7,325 | -18.5% |
| Other operating charges | 640/8 | €30,222 | €8,976 | -€21,246 | -70.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €113,934 | €75,094 | -€38,841 | -34.1% |
| Operating profit (loss) | 9901 | €40,766 | €31,949 | -€8,817 | -21.6% |
| Financial income | 75/76B | €160 | €378 | +€218 | +137% |
| Recurring financial income | 75 | €160 | €378 | +€218 | +137% |
| Financial charges | 65/66B | €6,506 | €8,757 | +€2,251 | +34.6% |
| Recurring financial charges | 65 | €6,506 | €8,757 | +€2,251 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | €34,420 | €23,570 | -€10,850 | -31.5% |
| Income taxes | 67/77 | €10,280 | €0 | -€10,280 | -100% |
| Profit (loss) for the period | 9904 | €24,140 | €23,570 | -€570 | -2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,140 | €23,570 | -€570 | -2.4% |
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 26 October 2026 via checked.be.