LA FOURRAGERE: 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.
LA FOURRAGERE
Largest movements
- Tangible fixed assets -€13,022
down €13,022 (-26.3%), from €49,422 to €36,401
- Receivables within one year +€6,949
up €6,949 (+35.0%), from €19,844 to €26,793
of which Trade receivables: +€13,073
- Cash -€4,458
down €4,458 (-39.8%), from €11,191 to €6,733
mainly Other debts (-€38,978) and Net result for the year (-€19,616)
- Deferred charges and accrued income -€3,327
down €3,327 (-69.7%), from €4,771 to €1,444
- Stocks and contracts -€1,480
down €1,480 (-3.1%), from €48,265 to €46,785
- Trade debts +€44,900
up €44,900 (+87.7%), from €51,217 to €96,117
- Other debts -€38,978
down €38,978 (-41.8%), from €93,287 to €54,308
- Profit (loss) carried forward -€19,616
down €19,616 (-66.7%), from -€29,393 to -€49,009
- Tax, wage and social debts -€2,873
down €2,873 (-68.5%), from €4,197 to €1,324
of which Taxes: -€2,873
- Gross operating margin -€15,642
down €15,642, from €11,982 to -€3,659
- Depreciation +€4,409
up €4,409 (+51.2%), from €8,612 to €13,022
- Financial charges -€2,497
down €2,497 (-54.1%), from €4,619 to €2,122
- Other operating charges -€1,251
down €1,251 (-60.6%), from €2,065 to €814
- Financial income -€212
down €212 (-100.0%), from €212 to €0
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 | €133,494 | €118,156 | -€15,338 | -11.5% |
| Fixed assets | 21/28 | €49,422 | €36,401 | -€13,022 | -26.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €49,422 | €36,401 | -€13,022 | -26.3% |
| Furniture and vehicles | 24 | €49,422 | €36,401 | -€13,022 | -26.3% |
| Current assets | 29/58 | €84,072 | €81,756 | -€2,316 | -2.8% |
| Stocks and contracts in progress | 3 | €48,265 | €46,785 | -€1,480 | -3.1% |
| Stocks | 30/36 | €48,265 | €46,785 | -€1,480 | -3.1% |
| Amounts receivable within one year | 40/41 | €19,844 | €26,793 | +€6,949 | +35.0% |
| Trade receivables | 40 | €10,131 | €23,205 | +€13,073 | +129.0% |
| Other amounts receivable | 41 | €9,713 | €3,589 | -€6,124 | -63.1% |
| Cash at bank and in hand | 54/58 | €11,191 | €6,733 | -€4,458 | -39.8% |
| Deferred charges and accrued income | 490/1 | €4,771 | €1,444 | -€3,327 | -69.7% |
| Total equity and liabilities | 10/49 | €133,494 | €118,156 | -€15,338 | -11.5% |
| Equity | 10/15 | -€23,193 | -€42,809 | -€19,616 | -84.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,393 | -€49,009 | -€19,616 | -66.7% |
| Amounts payable | 17/49 | €156,687 | €160,966 | +€4,279 | +2.7% |
| Amounts payable within one year | 42/48 | €156,687 | €160,966 | +€4,279 | +2.7% |
| Financial debts | 43 | €7,986 | €9,216 | +€1,230 | +15.4% |
| Credit institutions | 430/8 | €7,986 | €9,216 | +€1,230 | +15.4% |
| Trade debts | 44 | €51,217 | €96,117 | +€44,900 | +87.7% |
| Suppliers | 440/4 | €51,217 | €96,117 | +€44,900 | +87.7% |
| Taxes, remuneration and social security | 45 | €4,197 | €1,324 | -€2,873 | -68.5% |
| Taxes | 450/3 | €4,197 | €1,324 | -€2,873 | -68.5% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €93,287 | €54,308 | -€38,978 | -41.8% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,612 | €13,022 | +€4,409 | +51.2% |
| Other operating charges | 640/8 | €2,065 | €814 | -€1,251 | -60.6% |
| Gross operating margin | 9900 | €11,982 | -€3,659 | -€15,642 | |
| Operating profit (loss) | 9901 | €1,305 | -€17,495 | -€18,800 | |
| Financial income | 75/76B | €212 | €0 | -€212 | -100.0% |
| Recurring financial income | 75 | €212 | €0 | -€212 | -100.0% |
| Financial charges | 65/66B | €4,619 | €2,122 | -€2,497 | -54.1% |
| Recurring financial charges | 65 | €4,619 | €2,122 | -€2,497 | -54.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,101 | -€19,616 | -€16,515 | -532.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,101 | -€19,616 | -€16,515 | -532.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,101 | -€19,616 | -€16,515 | -532.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.