10 FORCHETTE: 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.
10 FORCHETTE
Largest movements
- Tangible fixed assets +€87,241
up €87,241 (+541%), from €16,131 to €103,372
of which Plant, machinery and equipment: +€85,992
- Stocks and contracts +€36,744
up €36,744, from €0 to €36,744
- Receivables within one year +€15,898
up €15,898 (+3,425%), from €464 to €16,362
of which Other amounts receivable: +€12,658
- Cash +€6,517
up €6,517 (+262%), from €2,488 to €9,005
mainly Debts after one year (+€67,336) and Trade debts (+€47,406)
- Debts after one year +€67,336
new in 2025: €67,336
- Trade debts +€47,406
up €47,406 (+8,218%), from €577 to €47,983
- Other debts +€35,041
up €35,041 (+2,527%), from €1,387 to €36,428
- Profit (loss) carried forward -€5,249
down €5,249, from €4,429 to -€820
- Current portion of long-term debt +€2,977
up €2,977 (+93.4%), from €3,188 to €6,165
- Gross operating margin -€16,053
down €16,053 (-66.5%), from €24,149 to €8,095
- Staff costs -€8,023
down €8,023 (-93.8%), from €8,554 to €530
- Other operating charges +€6,979
up €6,979 (+459%), from €1,520 to €8,499
- Depreciation +€1,762
up €1,762 (+102%), from €1,728 to €3,490
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 | €20,116 | €167,669 | +€147,553 | +734% |
| Fixed assets | 21/28 | €16,163 | €104,243 | +€88,080 | +545% |
| Intangible fixed assets | 21 | - | €871 | +€871 | |
| Tangible fixed assets | 22/27 | €16,131 | €103,372 | +€87,241 | +541% |
| Land and buildings | 22 | €10,788 | €10,788 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,343 | €91,335 | +€85,992 | +1,610% |
| Furniture and vehicles | 24 | €0 | €1,248 | +€1,248 | |
| Financial fixed assets | 28 | €32 | - | -€32 | |
| Current assets | 29/58 | €3,953 | €63,426 | +€59,473 | +1,505% |
| Stocks and contracts in progress | 3 | €0 | €36,744 | +€36,744 | |
| Stocks | 30/36 | €0 | €36,744 | +€36,744 | |
| Amounts receivable within one year | 40/41 | €464 | €16,362 | +€15,898 | +3,425% |
| Trade receivables | 40 | €0 | €3,240 | +€3,240 | |
| Other amounts receivable | 41 | €464 | €13,123 | +€12,658 | +2,727% |
| Cash at bank and in hand | 54/58 | €2,488 | €9,005 | +€6,517 | +262% |
| Deferred charges and accrued income | 490/1 | €1,000 | €1,314 | +€314 | +31.4% |
| Total equity and liabilities | 10/49 | €20,116 | €167,669 | +€147,553 | +734% |
| Equity | 10/15 | €14,964 | €9,715 | -€5,249 | -35.1% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,429 | -€820 | -€5,249 | |
| Amounts payable | 17/49 | €5,152 | €157,953 | +€152,802 | +2,966% |
| Amounts payable after more than one year | 17 | - | €67,336 | +€67,336 | |
| Financial debts | 170/4 | - | €67,336 | +€67,336 | |
| Amounts payable within one year | 42/48 | €5,152 | €90,617 | +€85,466 | +1,659% |
| Current portion of amounts payable after more than one year | 42 | €3,188 | €6,165 | +€2,977 | +93.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €577 | €47,983 | +€47,406 | +8,218% |
| Suppliers | 440/4 | €577 | €47,983 | +€47,406 | +8,218% |
| Taxes, remuneration and social security | 45 | €0 | €42 | +€42 | |
| Taxes | 450/3 | €0 | €42 | +€42 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,387 | €36,428 | +€35,041 | +2,527% |
| Remuneration, social security and pensions | 62 | €8,554 | €530 | -€8,023 | -93.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,728 | €3,490 | +€1,762 | +102% |
| Other operating charges | 640/8 | €1,520 | €8,499 | +€6,979 | +459% |
| Gross operating margin | 9900 | €24,149 | €8,095 | -€16,053 | -66.5% |
| Operating profit (loss) | 9901 | €12,347 | -€4,424 | -€16,771 | |
| Financial income | 75/76B | €0 | €86 | +€85 | +42,745% |
| Recurring financial income | 75 | €0 | €86 | +€85 | +42,745% |
| Financial charges | 65/66B | €969 | €910 | -€59 | -6.1% |
| Recurring financial charges | 65 | €969 | €910 | -€59 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €11,378 | -€5,249 | -€16,626 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €11,378 | -€5,249 | -€16,626 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,378 | -€5,249 | -€16,626 |
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 19 October 2026 via checked.be.