BE-FRWRD: 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.
BE-FRWRD
Largest movements
- Receivables within one year +€78,627
up €78,627 (+20,299%), from €387 to €79,014
- Reserves +€150,200
up €150,200 (+6,659%), from €2,256 to €152,456
- Debts after one year -€85,000
down €85,000 (-12.1%), from €705,000 to €620,000
- Tax, wage and social debts +€13,440
up €13,440 (+512%), from €2,627 to €16,067
- Financial income +€163,102
new in 2025: €163,102
- Financial charges +€16,033
up €16,033 (+154%), from €10,411 to €26,444
- Gross operating margin +€15,969
up €15,969 (+116%), from €13,769 to €29,737
- Taxes +€15,015
up €15,015 (+1,427%), from €1,052 to €16,067
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 | €804,213 | €888,132 | +€83,920 | +10.4% |
| Fixed assets | 21/28 | €800,000 | €800,000 | = | 0.0% |
| Financial fixed assets | 28 | €800,000 | €800,000 | = | 0.0% |
| Current assets | 29/58 | €4,213 | €88,132 | +€83,920 | +1,992% |
| Amounts receivable within one year | 40/41 | €387 | €79,014 | +€78,627 | +20,299% |
| Other amounts receivable | 41 | €387 | €79,014 | +€78,627 | +20,299% |
| Cash at bank and in hand | 54/58 | €3,825 | €8,016 | +€4,191 | +110% |
| Deferred charges and accrued income | 490/1 | - | €1,102 | +€1,102 | |
| Total equity and liabilities | 10/49 | €804,213 | €888,132 | +€83,920 | +10.4% |
| Equity | 10/15 | €12,256 | €162,456 | +€150,200 | +1,226% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €2,256 | €152,456 | +€150,200 | +6,659% |
| Distributable reserves | 133 | €2,256 | €152,456 | +€150,200 | +6,659% |
| Amounts payable | 17/49 | €791,957 | €725,677 | -€66,280 | -8.4% |
| Amounts payable after more than one year | 17 | €705,000 | €620,000 | -€85,000 | -12.1% |
| Financial debts | 170/4 | €705,000 | €620,000 | -€85,000 | -12.1% |
| Amounts payable within one year | 42/48 | €82,627 | €96,067 | +€13,440 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €80,000 | €80,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,627 | €16,067 | +€13,440 | +512% |
| Taxes | 450/3 | €2,627 | €16,067 | +€13,440 | +512% |
| Accrued charges and deferred income | 492/3 | €4,330 | €9,610 | +€5,280 | +122% |
| Other operating charges | 640/8 | €50 | €128 | +€78 | +156% |
| Gross operating margin | 9900 | €13,769 | €29,737 | +€15,969 | +116% |
| Operating profit (loss) | 9901 | €13,719 | €29,609 | +€15,891 | +116% |
| Financial income | 75/76B | - | €163,102 | +€163,102 | |
| Recurring financial income | 75 | - | €163,102 | +€163,102 | |
| Financial charges | 65/66B | €10,411 | €26,444 | +€16,033 | +154% |
| Recurring financial charges | 65 | €10,411 | €26,444 | +€16,033 | +154% |
| Profit (loss) for the period before taxes | 9903 | €3,308 | €166,267 | +€162,959 | +4,927% |
| Income taxes | 67/77 | €1,052 | €16,067 | +€15,015 | +1,427% |
| Profit (loss) for the period | 9904 | €2,256 | €150,200 | +€147,944 | +6,559% |
| Profit (loss) for the period to be appropriated | 9905 | €2,256 | €150,200 | +€147,944 | +6,559% |
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 16 October 2026 via checked.be.