Fovea IP: 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.
What changed
Fovea IP
NACE 74.999, Other professional, scientific and technical activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€207,433
2024 · €1.8m-€1.6m
Equity
€30.1m
2024 · €29.9m+€207,434
Cash
€804,795
2024 · €2.0m-€1.2m
Balance sheet total
€37.5m
2024 · €36.6m+€955,379
Largest movements
Assets
- Intangible fixed assets +€1.2m
up €1.2m (+30.0%), from €4.0m to €5.1m
- Cash -€1.2m
down €1.2m (-59.4%), from €2.0m to €804,795
mainly Investment in fixed assets (net) (-€2.5m) and Receivables within one year (-€913,524)
- Receivables within one year +€913,524
up €913,524 (+37.4%), from €2.4m to €3.4m
of which Trade receivables: +€850,234
Equity and liabilities
- Current portion of long-term debt -€700,000
down €700,000 (-23.7%), from €3.0m to €2.3m
- Other debts +€556,791
up €556,791 (+2,251%), from €24,731 to €581,522
- Tax, wage and social debts +€485,725
up €485,725 (+58.1%), from €835,303 to €1.3m
of which Taxes: +€443,379
Income statement
- Turnover +€3.2m
up €3.2m (+46.8%), from €6.9m to €10.1m
- Financial charges +€2.1m
up €2.1m (+83.0%), from €2.5m to €4.6m
of which Non-recurring financial charges: +€2.1m
- Financial income -€1.2m
down €1.2m (-56.9%), from €2.1m to €890,277
- Taxes +€594,627
up €594,627 (+77.3%), from €769,488 to €1.4m
- Depreciation +€386,203
up €386,203 (+39.7%), from €973,075 to €1.4m
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.
Result 2024
€1.8m
Turnover
+€3.2m
Other operating income
-€1,861
Goods and materials
-€85,746
Services and other goods
-€353,297
Staff costs
-€368,632
Depreciation
-€386,203
Other operating charges
-€14,496
Other operating items
+€221,668
Financial income
-€1.2m
Financial charges
-€2.1m
Taxes
-€594,627
Result 2025
€207,433
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.1m
Investment
-€2.5m
Financing
-€699,999
Cash 2024
€2.0m
From operations (derived)
+€2.1m
Net result for the year
+€207,433
Depreciation
+€1.4m
Receivables within one year
-€913,524
Deferred charges and accrued income
-€40,911
Trade debts
+€216,868
Tax, wage and social debts
+€485,725
Other debts
+€556,791
Accrued charges and deferred income
+€188,561
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€2.5m
Financing
-€699,999
Current portion of long-term debt
-€700,000
Contributions, distributions and other
+€1
Cash 2025
€804,795
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,589,334 | €37,544,713 | +€955,379 | +2.6% |
| Fixed assets | 21/28 | €31,917,665 | €33,095,521 | +€1.2m | +3.7% |
| Intangible fixed assets | 21 | €3,950,896 | €5,136,292 | +€1.2m | +30.0% |
| Tangible fixed assets | 22/27 | €35,734 | €28,193 | -€7,541 | -21.1% |
| Furniture and vehicles | 24 | €20,071 | €14,279 | -€5,793 | -28.9% |
| Other tangible fixed assets | 26 | €15,663 | €13,914 | -€1,749 | -11.2% |
| Financial fixed assets | 28 | €27,931,036 | €27,931,036 | = | 0.0% |
| Affiliated companies | 280/1 | €27,930,536 | €27,930,536 | = | 0.0% |
| Participating interests | 280 | €27,930,536 | €27,930,536 | = | 0.0% |
| Other financial fixed assets | 284/8 | €500 | €500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €4,671,668 | €4,449,192 | -€222,476 | -4.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,439,345 | €3,352,869 | +€913,524 | +37.4% |
| Trade receivables | 40 | €2,023,774 | €2,874,008 | +€850,234 | +42.0% |
| Other amounts receivable | 41 | €415,571 | €478,860 | +€63,290 | +15.2% |
| Cash at bank and in hand | 54/58 | €1,981,706 | €804,795 | -€1.2m | -59.4% |
| Deferred charges and accrued income | 490/1 | €250,617 | €291,529 | +€40,911 | +16.3% |
| Total equity and liabilities | 10/49 | €36,589,334 | €37,544,713 | +€955,379 | +2.6% |
| Equity | 10/15 | €29,856,007 | €30,063,441 | +€207,434 | +0.7% |
| Contributions | 10/11 | €38,793,035 | €38,793,035 | = | 0.0% |
| Capital | 10 | €38,793,035 | €38,793,035 | = | 0.0% |
| Issued capital | 100 | €38,793,035 | €38,793,035 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,937,028 | -€8,729,594 | +€207,434 | +2.3% |
| Amounts payable | 17/49 | €6,733,327 | €7,481,272 | +€747,945 | +11.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €4,285,664 | €4,845,048 | +€559,384 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €2,950,000 | €2,250,000 | -€700,000 | -23.7% |
| Trade debts | 44 | €475,630 | €692,498 | +€216,868 | +45.6% |
| Suppliers | 440/4 | €475,630 | €692,498 | +€216,868 | +45.6% |
| Taxes, remuneration and social security | 45 | €835,303 | €1,321,028 | +€485,725 | +58.1% |
| Taxes | 450/3 | €589,601 | €1,032,980 | +€443,379 | +75.2% |
| Remuneration and social security | 454/9 | €245,702 | €288,048 | +€42,346 | +17.2% |
| Other amounts payable | 47/48 | €24,731 | €581,522 | +€556,791 | +2,251% |
| Accrued charges and deferred income | 492/3 | €2,447,663 | €2,636,224 | +€188,561 | +7.7% |
| Operating income | 70/76A | €8,754,711 | €12,187,632 | +€3.4m | +39.2% |
| Turnover | 70 | €6,868,302 | €10,081,416 | +€3.2m | +46.8% |
| Own construction capitalised | 72 | €1,882,389 | €2,104,057 | +€221,668 | +11.8% |
| Other operating income | 74 | €4,020 | €2,159 | -€1,861 | -46.3% |
| Operating charges | 60/66A | €5,688,791 | €6,897,165 | +€1.2m | +21.2% |
| Goods for resale, raw materials and consumables | 60 | €300,488 | €386,234 | +€85,746 | +28.5% |
| Purchases | 600/8 | €300,488 | €386,234 | +€85,746 | +28.5% |
| Services and other goods | 61 | €2,883,118 | €3,236,414 | +€353,297 | +12.3% |
| Remuneration, social security and pensions | 62 | €1,527,336 | €1,895,968 | +€368,632 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €973,075 | €1,359,279 | +€386,203 | +39.7% |
| Other operating charges | 640/8 | €4,774 | €19,270 | +€14,496 | +304% |
| Operating profit (loss) | 9901 | €3,065,920 | €5,290,466 | +€2.2m | +72.6% |
| Financial income | 75/76B | €2,066,524 | €890,277 | -€1.2m | -56.9% |
| Recurring financial income | 75 | €2,066,524 | €890,277 | -€1.2m | -56.9% |
| Income from financial fixed assets | 750 | €2,050,000 | €850,000 | -€1.2m | -58.5% |
| Other financial income | 752/9 | €16,524 | €40,277 | +€23,753 | +144% |
| Financial charges | 65/66B | €2,518,313 | €4,609,195 | +€2.1m | +83.0% |
| Recurring financial charges | 65 | €148,780 | €106,977 | -€41,803 | -28.1% |
| Debt charges | 650 | €10,157 | €9,566 | -€591 | -5.8% |
| Other financial charges | 652/9 | €138,623 | €97,411 | -€41,212 | -29.7% |
| Non-recurring financial charges | 66B | €2,369,533 | €4,502,218 | +€2.1m | +90.0% |
| Profit (loss) for the period before taxes | 9903 | €2,614,131 | €1,571,548 | -€1.0m | -39.9% |
| Income taxes | 67/77 | €769,488 | €1,364,115 | +€594,627 | +77.3% |
| Taxes | 670/3 | €769,488 | €1,364,115 | +€594,627 | +77.3% |
| Profit (loss) for the period | 9904 | €1,844,643 | €207,433 | -€1.6m | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,844,643 | €207,433 | -€1.6m | -88.8% |
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 19 October 2026 via checked.be.