LE FOURTOU: 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.
LE FOURTOU
Largest movements
- Stocks and contracts -€50,936
down €50,936 (-17.3%), from €293,787 to €242,851
- Receivables within one year +€9,517
up €9,517 (+26.7%), from €35,595 to €45,112
of which Other amounts receivable: +€4,972
- Cash +€6,565
up €6,565 (+9.9%), from €66,569 to €73,134
mainly Stocks and contracts (+€50,936) and Tax, wage and social debts (+€15,369)
- Tangible fixed assets +€4,770
up €4,770 (+8.2%), from €57,870 to €62,641
of which Plant, machinery and equipment: +€7,375
- Trade debts -€46,358
down €46,358 (-12.6%), from €366,941 to €320,583
- Tax, wage and social debts +€15,369
up €15,369 (+39.5%), from €38,922 to €54,291
of which Taxes: +€10,798
- Gross operating margin +€18,264
up €18,264 (+20.8%), from €87,900 to €106,165
- Other operating charges +€13,136
up €13,136 (+722%), from €1,820 to €14,955
- Taxes +€7,047
new in 2025: €7,047
- Staff costs -€4,281
down €4,281 (-5.8%), from €74,190 to €69,909
- Depreciation +€3,776
up €3,776 (+42.1%), from €8,962 to €12,737
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 | €454,170 | €424,905 | -€29,266 | -6.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €57,870 | €62,641 | +€4,770 | +8.2% |
| Tangible fixed assets | 22/27 | €57,870 | €62,641 | +€4,770 | +8.2% |
| Plant, machinery and equipment | 23 | €21,979 | €29,354 | +€7,375 | +33.6% |
| Furniture and vehicles | 24 | €35,892 | €31,066 | -€4,825 | -13.4% |
| Other tangible fixed assets | 26 | - | €2,221 | +€2,221 | |
| Current assets | 29/58 | €396,300 | €362,264 | -€34,036 | -8.6% |
| Stocks and contracts in progress | 3 | €293,787 | €242,851 | -€50,936 | -17.3% |
| Stocks | 30/36 | €293,787 | €242,851 | -€50,936 | -17.3% |
| Amounts receivable within one year | 40/41 | €35,595 | €45,112 | +€9,517 | +26.7% |
| Trade receivables | 40 | €35,315 | €39,861 | +€4,546 | +12.9% |
| Other amounts receivable | 41 | €279 | €5,251 | +€4,972 | +1,779% |
| Cash at bank and in hand | 54/58 | €66,569 | €73,134 | +€6,565 | +9.9% |
| Deferred charges and accrued income | 490/1 | €349 | €1,167 | +€818 | +234% |
| Total equity and liabilities | 10/49 | €454,170 | €424,905 | -€29,266 | -6.4% |
| Equity | 10/15 | €48,067 | €49,791 | +€1,724 | +3.6% |
| Contributions | 10/11 | €23,954 | €23,954 | = | 0.0% |
| Contributions outside capital | 11 | €23,954 | €23,954 | = | 0.0% |
| Other | 1109/19 | €23,954 | €23,954 | = | 0.0% |
| Reserves | 13 | €862 | €862 | = | 0.0% |
| Non-distributable reserves | 130/1 | €862 | €862 | = | 0.0% |
| Legal reserve | 130 | €862 | €862 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,251 | €24,975 | +€1,724 | +7.4% |
| Amounts payable | 17/49 | €406,103 | €375,114 | -€30,990 | -7.6% |
| Amounts payable within one year | 42/48 | €406,103 | €375,114 | -€30,990 | -7.6% |
| Trade debts | 44 | €366,941 | €320,583 | -€46,358 | -12.6% |
| Suppliers | 440/4 | €366,941 | €320,583 | -€46,358 | -12.6% |
| Taxes, remuneration and social security | 45 | €38,922 | €54,291 | +€15,369 | +39.5% |
| Taxes | 450/3 | €20,247 | €31,046 | +€10,798 | +53.3% |
| Remuneration and social security | 454/9 | €18,674 | €23,245 | +€4,571 | +24.5% |
| Other amounts payable | 47/48 | €240 | €240 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €74,190 | €69,909 | -€4,281 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,962 | €12,737 | +€3,776 | +42.1% |
| Other operating charges | 640/8 | €1,820 | €14,955 | +€13,136 | +722% |
| Gross operating margin | 9900 | €87,900 | €106,165 | +€18,264 | +20.8% |
| Operating profit (loss) | 9901 | €2,929 | €8,563 | +€5,634 | +192% |
| Financial income | 75/76B | €315 | €381 | +€66 | +21.1% |
| Recurring financial income | 75 | €315 | €381 | +€66 | +21.1% |
| Non-recurring financial income | 76B | €315 | €381 | +€66 | +21.1% |
| Financial charges | 65/66B | €476 | €172 | -€304 | -63.8% |
| Recurring financial charges | 65 | €476 | €172 | -€304 | -63.8% |
| Profit (loss) for the period before taxes | 9903 | €2,767 | €8,771 | +€6,004 | +217% |
| Income taxes | 67/77 | - | €7,047 | +€7,047 | |
| Profit (loss) for the period | 9904 | €2,767 | €1,724 | -€1,043 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,767 | €1,724 | -€1,043 | -37.7% |
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 21 October 2026 via checked.be.