FOUGINVEST: 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.
FOUGINVEST
Largest movements
- Tangible fixed assets +€828,995
up €828,995 (+16.3%), from €5.1m to €5.9m
of which Land and buildings: +€853,835
- Cash +€530,144
up €530,144 (+56.6%), from €936,185 to €1.5m
mainly Debts after one year (+€828,895) and Depreciation (+€282,152)
- Debts after one year +€828,895
up €828,895 (+32.1%), from €2.6m to €3.4m
- Trade debts +€250,363
up €250,363 (+189.3%), from €132,250 to €382,613
- Profit (loss) carried forward +€163,183
up €163,183 (+5.3%), from €3.1m to €3.2m
- Current portion of long-term debt +€89,984
up €89,984 (+78.6%), from €114,532 to €204,516
- Purchases and services -€289,461
down €289,461 (-72.1%), from €401,197 to €111,737
- Gross operating margin +€197,104
up €197,104 (+43.8%), from €449,718 to €646,822
- Financial charges -€66,296
down €66,296 (-47.5%), from €139,514 to €73,218
- Taxes +€59,084
up €59,084 (+4541.0%), from €1,301 to €60,386
- Depreciation +€36,574
up €36,574 (+14.9%), from €245,578 to €282,152
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 | €6,188,114 | €7,500,094 | +€1.3m | +21.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €5,070,506 | €5,899,501 | +€828,995 | +16.3% |
| Tangible fixed assets | 22/27 | €5,070,506 | €5,899,501 | +€828,995 | +16.3% |
| Land and buildings | 22 | €4,946,763 | €5,800,598 | +€853,835 | +17.3% |
| Plant, machinery and equipment | 23 | €123,743 | €96,263 | -€27,480 | -22.2% |
| Furniture and vehicles | 24 | €0 | €2,639 | +€2,639 | |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €1,117,608 | €1,600,593 | +€482,985 | +43.2% |
| Amounts receivable within one year | 40/41 | €181,423 | €134,264 | -€47,159 | -26.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €181,423 | €134,264 | -€47,159 | -26.0% |
| Cash at bank and in hand | 54/58 | €936,185 | €1,466,330 | +€530,144 | +56.6% |
| Total equity and liabilities | 10/49 | €6,188,114 | €7,500,094 | +€1.3m | +21.2% |
| Equity | 10/15 | €3,258,912 | €3,422,095 | +€163,183 | +5.0% |
| Contributions | 10/11 | €187,786 | €187,786 | = | 0.0% |
| Capital | 10 | €186,479 | €186,479 | = | 0.0% |
| Issued capital | 100 | €186,479 | €186,479 | = | 0.0% |
| Contributions outside capital | 11 | €1,307 | €1,307 | = | 0.0% |
| Share premium | 1100/10 | €1,307 | €1,307 | = | 0.0% |
| Reserves | 13 | €18,648 | €18,648 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,648 | €18,648 | = | 0.0% |
| Legal reserve | 130 | €18,648 | €18,648 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,052,478 | €3,215,661 | +€163,183 | +5.3% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Environmental obligations | 163 | €0 | - | = | |
| Amounts payable | 17/49 | €2,929,202 | €4,077,999 | +€1.1m | +39.2% |
| Amounts payable after more than one year | 17 | €2,581,975 | €3,410,870 | +€828,895 | +32.1% |
| Financial debts | 170/4 | €2,581,975 | €3,410,870 | +€828,895 | +32.1% |
| Amounts payable within one year | 42/48 | €347,227 | €667,129 | +€319,902 | +92.1% |
| Current portion of amounts payable after more than one year | 42 | €114,532 | €204,516 | +€89,984 | +78.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €132,250 | €382,613 | +€250,363 | +189.3% |
| Suppliers | 440/4 | €132,250 | €382,613 | +€250,363 | +189.3% |
| Taxes, remuneration and social security | 45 | €20,445 | €0 | -€20,445 | -100.0% |
| Taxes | 450/3 | €20,445 | €0 | -€20,445 | -100.0% |
| Other amounts payable | 47/48 | €80,000 | €80,000 | = | 0.0% |
| Turnover | 70 | €756,547 | €758,558 | +€2,011 | +0.3% |
| Non-recurring operating income | 76A | €94,368 | - | -€94,368 | |
| Goods, raw materials, services and sundry goods | 60/61 | €401,197 | €111,737 | -€289,461 | -72.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €245,578 | €282,152 | +€36,574 | +14.9% |
| Other operating charges | 640/8 | €64,084 | €67,883 | +€3,799 | +5.9% |
| Gross operating margin | 9900 | €449,718 | €646,822 | +€197,104 | +43.8% |
| Operating profit (loss) | 9901 | €140,055 | €296,786 | +€156,731 | +111.9% |
| Financial income | 75/76B | €2 | €1 | -€1 | -43.5% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -43.5% |
| Financial charges | 65/66B | €139,514 | €73,218 | -€66,296 | -47.5% |
| Recurring financial charges | 65 | €139,514 | €73,218 | -€66,296 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €542 | €223,569 | +€223,026 | +41136.6% |
| Income taxes | 67/77 | €1,301 | €60,386 | +€59,084 | +4541.0% |
| Profit (loss) for the period | 9904 | -€759 | €163,183 | +€163,942 | |
| Profit (loss) for the period to be appropriated | 9905 | -€759 | €163,183 | +€163,942 |
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 11 October 2026 via checked.be.