LA FOURCHINEE: 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.
LA FOURCHINEE
Largest movements
- Tangible fixed assets -€17,556
down €17,556 (-10.6%), from €165,105 to €147,548
of which Land and buildings: -€10,711
- Cash -€4,976
down €4,976 (-24.2%), from €20,574 to €15,598
mainly Debts after one year (-€14,265) and Net result for the year (-€10,745)
- Deferred charges and accrued income +€4,013
up €4,013 (+271.7%), from €1,477 to €5,490
- Debts after one year -€14,265
down €14,265 (-12.5%), from €114,279 to €100,014
- Profit (loss) carried forward -€10,745
down €10,745 (-27.8%), from €38,604 to €27,859
- Trade debts +€4,316
up €4,316 (+82.1%), from €5,259 to €9,575
- Staff costs +€19,020
up €19,020 (+44.1%), from €43,173 to €62,193
- Gross operating margin -€4,712
down €4,712 (-5.3%), from €88,520 to €83,809
- Financial charges +€1,312
up €1,312 (+15.0%), from €8,761 to €10,073
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 | €221,528 | €203,073 | -€18,455 | -8.3% |
| Fixed assets | 21/28 | €165,875 | €148,318 | -€17,556 | -10.6% |
| Tangible fixed assets | 22/27 | €165,105 | €147,548 | -€17,556 | -10.6% |
| Land and buildings | 22 | €143,575 | €132,864 | -€10,711 | -7.5% |
| Plant, machinery and equipment | 23 | €14,976 | €11,323 | -€3,653 | -24.4% |
| Furniture and vehicles | 24 | €6,554 | €3,361 | -€3,193 | -48.7% |
| Financial fixed assets | 28 | €770 | €770 | = | 0.0% |
| Current assets | 29/58 | €55,653 | €54,754 | -€899 | -1.6% |
| Stocks and contracts in progress | 3 | €8,750 | €8,217 | -€533 | -6.1% |
| Stocks | 30/36 | €8,750 | €8,217 | -€533 | -6.1% |
| Amounts receivable within one year | 40/41 | €4,770 | €5,092 | +€321 | +6.7% |
| Trade receivables | 40 | €2,349 | €2,750 | +€401 | +17.1% |
| Other amounts receivable | 41 | €2,421 | €2,342 | -€80 | -3.3% |
| Current investments | 50/53 | €20,083 | €20,358 | +€276 | +1.4% |
| Cash at bank and in hand | 54/58 | €20,574 | €15,598 | -€4,976 | -24.2% |
| Deferred charges and accrued income | 490/1 | €1,477 | €5,490 | +€4,013 | +271.7% |
| Total equity and liabilities | 10/49 | €221,528 | €203,073 | -€18,455 | -8.3% |
| Equity | 10/15 | €52,464 | €41,719 | -€10,745 | -20.5% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,604 | €27,859 | -€10,745 | -27.8% |
| Amounts payable | 17/49 | €169,064 | €161,353 | -€7,711 | -4.6% |
| Amounts payable after more than one year | 17 | €114,279 | €100,014 | -€14,265 | -12.5% |
| Financial debts | 170/4 | €114,279 | €100,014 | -€14,265 | -12.5% |
| Amounts payable within one year | 42/48 | €54,785 | €61,339 | +€6,554 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €14,933 | €16,961 | +€2,028 | +13.6% |
| Trade debts | 44 | €5,259 | €9,575 | +€4,316 | +82.1% |
| Suppliers | 440/4 | €5,259 | €9,575 | +€4,316 | +82.1% |
| Taxes, remuneration and social security | 45 | €3,597 | €4,801 | +€1,204 | +33.5% |
| Taxes | 450/3 | €1,420 | €1,545 | +€125 | +8.8% |
| Remuneration and social security | 454/9 | €2,177 | €3,256 | +€1,079 | +49.6% |
| Other amounts payable | 47/48 | €30,997 | €30,002 | -€995 | -3.2% |
| Remuneration, social security and pensions | 62 | €43,173 | €62,193 | +€19,020 | +44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,858 | €18,530 | -€327 | -1.7% |
| Other operating charges | 640/8 | €2,707 | €3,575 | +€868 | +32.1% |
| Non-recurring operating charges | 66A | €525 | €119 | -€407 | -77.4% |
| Gross operating margin | 9900 | €88,520 | €83,809 | -€4,712 | -5.3% |
| Operating profit (loss) | 9901 | €23,258 | -€609 | -€23,866 | |
| Financial income | 75/76B | €178 | €331 | +€153 | +86.1% |
| Recurring financial income | 75 | €178 | €331 | +€153 | +86.1% |
| Financial charges | 65/66B | €8,761 | €10,073 | +€1,312 | +15.0% |
| Recurring financial charges | 65 | €8,761 | €10,073 | +€1,312 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €14,675 | -€10,351 | -€25,025 | |
| Income taxes | 67/77 | €769 | €394 | -€375 | -48.7% |
| Profit (loss) for the period | 9904 | €13,906 | -€10,745 | -€24,651 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,906 | -€10,745 | -€24,651 |
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.