FOUET: 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.
FOUET
Largest movements
- Tangible fixed assets +€43,255
up €43,255 (+187%), from €23,098 to €66,353
of which Furniture and vehicles: +€43,993
- Receivables within one year -€13,825
down €13,825 (-49.1%), from €28,131 to €14,305
of which Other amounts receivable: -€6,921
- Cash +€6,526
up €6,526 (+231%), from €2,830 to €9,356
mainly Debts after one year (+€42,184) and Depreciation (+€21,359)
- Debts after one year +€42,184
up €42,184 (+2,974%), from €1,419 to €43,603
- Other debts -€28,571
down €28,571 (-100%), from €28,571 to €0
- Reserves +€12,990
up €12,990 (+7.0%), from €186,877 to €199,866
- Current portion of long-term debt +€5,874
up €5,874 (+69.4%), from €8,468 to €14,342
- Gross operating margin +€20,787
up €20,787 (+228%), from €9,122 to €29,908
- Depreciation +€11,535
up €11,535 (+117%), from €9,824 to €21,359
- Financial income +€8,948
up €8,948 (+1,588%), from €563 to €9,511
- Financial charges +€1,562
up €1,562 (+257%), from €607 to €2,169
- Taxes +€1,304
up €1,304 (+815%), from €160 to €1,464
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 | €280,579 | €316,527 | +€35,948 | +12.8% |
| Fixed assets | 21/28 | €248,098 | €291,353 | +€43,255 | +17.4% |
| Tangible fixed assets | 22/27 | €23,098 | €66,353 | +€43,255 | +187% |
| Plant, machinery and equipment | 23 | €1,561 | €824 | -€738 | -47.3% |
| Furniture and vehicles | 24 | €21,537 | €65,530 | +€43,993 | +204% |
| Financial fixed assets | 28 | €225,000 | €225,000 | = | 0.0% |
| Current assets | 29/58 | €32,481 | €25,174 | -€7,307 | -22.5% |
| Amounts receivable within one year | 40/41 | €28,131 | €14,305 | -€13,825 | -49.1% |
| Trade receivables | 40 | €13,314 | €6,410 | -€6,904 | -51.9% |
| Other amounts receivable | 41 | €14,817 | €7,895 | -€6,921 | -46.7% |
| Cash at bank and in hand | 54/58 | €2,830 | €9,356 | +€6,526 | +231% |
| Deferred charges and accrued income | 490/1 | €1,520 | €1,512 | -€8 | -0.5% |
| Total equity and liabilities | 10/49 | €280,579 | €316,527 | +€35,948 | +12.8% |
| Equity | 10/15 | €236,877 | €249,866 | +€12,990 | +5.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €186,877 | €199,866 | +€12,990 | +7.0% |
| Distributable reserves | 133 | €186,877 | €199,866 | +€12,990 | +7.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €43,703 | €66,661 | +€22,958 | +52.5% |
| Amounts payable after more than one year | 17 | €1,419 | €43,603 | +€42,184 | +2,974% |
| Financial debts | 170/4 | €1,419 | €43,603 | +€42,184 | +2,974% |
| Amounts payable within one year | 42/48 | €42,209 | €22,607 | -€19,603 | -46.4% |
| Current portion of amounts payable after more than one year | 42 | €8,468 | €14,342 | +€5,874 | +69.4% |
| Trade debts | 44 | €2,449 | €2,542 | +€93 | +3.8% |
| Suppliers | 440/4 | €2,449 | €2,542 | +€93 | +3.8% |
| Taxes, remuneration and social security | 45 | €2,721 | €5,723 | +€3,002 | +110% |
| Taxes | 450/3 | €2,521 | €5,623 | +€3,102 | +123% |
| Remuneration and social security | 454/9 | €200 | €100 | -€100 | -50.0% |
| Other amounts payable | 47/48 | €28,571 | €0 | -€28,571 | -100% |
| Accrued charges and deferred income | 492/3 | €75 | €452 | +€377 | +505% |
| Non-recurring operating income | 76A | - | €2,479 | +€2,479 | |
| Remuneration, social security and pensions | 62 | €0 | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,824 | €21,359 | +€11,535 | +117% |
| Other operating charges | 640/8 | €1,341 | €1,188 | -€153 | -11.4% |
| Gross operating margin | 9900 | €9,122 | €29,908 | +€20,787 | +228% |
| Operating profit (loss) | 9901 | -€2,043 | €7,112 | +€9,155 | |
| Financial income | 75/76B | €563 | €9,511 | +€8,948 | +1,588% |
| Recurring financial income | 75 | €563 | €9,511 | +€8,948 | +1,588% |
| Financial charges | 65/66B | €607 | €2,169 | +€1,562 | +257% |
| Recurring financial charges | 65 | €607 | €2,169 | +€1,562 | +257% |
| Profit (loss) for the period before taxes | 9903 | -€2,086 | €14,454 | +€16,540 | |
| Income taxes | 67/77 | €160 | €1,464 | +€1,304 | +815% |
| Profit (loss) for the period | 9904 | -€2,246 | €12,990 | +€15,236 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,246 | €12,990 | +€15,236 |
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 31 October 2026 via checked.be.