Fouvry Projects: 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.
Fouvry Projects
Largest movements
- Tangible fixed assets +€521,415
up €521,415 (+163.5%), from €318,958 to €840,373
of which Assets under construction and advance payments: +€522,613
- Receivables within one year -€26,627
down €26,627 (-43.3%), from €61,556 to €34,929
of which Other amounts receivable: -€20,833
- Debts after one year +€454,535
up €454,535 (+244.1%), from €186,178 to €640,713
- Other debts +€114,396
up €114,396 (+189.9%), from €60,239 to €174,635
- Reserves -€93,873
down €93,873 (-72.9%), from €128,696 to €34,823
- Current portion of long-term debt +€24,035
up €24,035 (+152.8%), from €15,733 to €39,768
- Gross operating margin -€31,461
down €31,461 (-28.6%), from €109,837 to €78,376
- Financial charges +€12,019
up €12,019 (+104.0%), from €11,560 to €23,579
- Taxes -€8,674
down €8,674 (-44.9%), from €19,331 to €10,657
- Depreciation +€5,096
up €5,096 (+73.2%), from €6,965 to €12,061
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 | €470,668 | €963,976 | +€493,309 | +104.8% |
| Fixed assets | 21/28 | €318,958 | €840,373 | +€521,415 | +163.5% |
| Tangible fixed assets | 22/27 | €318,958 | €840,373 | +€521,415 | +163.5% |
| Land and buildings | 22 | €292,050 | €292,050 | = | 0.0% |
| Furniture and vehicles | 24 | €1,928 | €730 | -€1,198 | -62.2% |
| Assets under construction and advance payments | 27 | €24,980 | €547,593 | +€522,613 | +2092.1% |
| Current assets | 29/58 | €151,709 | €123,603 | -€28,106 | -18.5% |
| Amounts receivable within one year | 40/41 | €61,556 | €34,929 | -€26,627 | -43.3% |
| Trade receivables | 40 | €40,723 | €34,929 | -€5,794 | -14.2% |
| Other amounts receivable | 41 | €20,833 | €0 | -€20,833 | -100.0% |
| Cash at bank and in hand | 54/58 | €88,499 | €85,761 | -€2,738 | -3.1% |
| Deferred charges and accrued income | 490/1 | €1,654 | €2,913 | +€1,259 | +76.1% |
| Total equity and liabilities | 10/49 | €470,668 | €963,976 | +€493,309 | +104.8% |
| Equity | 10/15 | €148,696 | €54,823 | -€93,873 | -63.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €128,696 | €34,823 | -€93,873 | -72.9% |
| Distributable reserves | 133 | €128,696 | €34,823 | -€93,873 | -72.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €321,971 | €909,153 | +€587,181 | +182.4% |
| Amounts payable after more than one year | 17 | €186,178 | €640,713 | +€454,535 | +244.1% |
| Financial debts | 170/4 | €186,178 | €640,713 | +€454,535 | +244.1% |
| Amounts payable within one year | 42/48 | €133,194 | €265,840 | +€132,646 | +99.6% |
| Current portion of amounts payable after more than one year | 42 | €15,733 | €39,768 | +€24,035 | +152.8% |
| Trade debts | 44 | €9,073 | €2,158 | -€6,915 | -76.2% |
| Suppliers | 440/4 | €9,073 | €2,158 | -€6,915 | -76.2% |
| Taxes, remuneration and social security | 45 | €48,149 | €49,279 | +€1,131 | +2.3% |
| Taxes | 450/3 | €44,938 | €46,048 | +€1,110 | +2.5% |
| Remuneration and social security | 454/9 | €3,210 | €3,231 | +€21 | +0.6% |
| Other amounts payable | 47/48 | €60,239 | €174,635 | +€114,396 | +189.9% |
| Accrued charges and deferred income | 492/3 | €2,600 | €2,600 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,965 | €12,061 | +€5,096 | +73.2% |
| Other operating charges | 640/8 | €590 | €701 | +€111 | +18.8% |
| Gross operating margin | 9900 | €109,837 | €78,376 | -€31,461 | -28.6% |
| Operating profit (loss) | 9901 | €102,282 | €65,614 | -€36,668 | -35.8% |
| Financial income | 75/76B | €2,406 | €2,750 | +€344 | +14.3% |
| Recurring financial income | 75 | €2,406 | €2,750 | +€344 | +14.3% |
| Financial charges | 65/66B | €11,560 | €23,579 | +€12,019 | +104.0% |
| Recurring financial charges | 65 | €11,560 | €23,579 | +€12,019 | +104.0% |
| Profit (loss) for the period before taxes | 9903 | €93,128 | €44,785 | -€48,343 | -51.9% |
| Income taxes | 67/77 | €19,331 | €10,657 | -€8,674 | -44.9% |
| Profit (loss) for the period | 9904 | €73,797 | €34,127 | -€39,669 | -53.8% |
| Profit (loss) for the period to be appropriated | 9905 | €73,797 | €34,127 | -€39,669 | -53.8% |
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 10 October 2026 via checked.be.