Bforward: what changed
Two fiscal 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.
Bforward
Largest movements
- Cash -€10,495
down €10,495 (-10.4%), from €101,012 to €90,517
mainly Trade debts (-€9,517) and Net result for the year (-€1,813)
- Trade debts -€9,517
down €9,517 (-68.9%), from €13,804 to €4,287
- Profit (loss) carried forward -€1,813
down €1,813 (-2.7%), from €67,712 to €65,899
- Gross operating margin -€18,569
down €18,569, from €17,702 to -€867
- Taxes -€4,462
down €4,462 (-91.5%), from €4,877 to €415
- Depreciation -€962
down €962 (-100.0%), from €962 to €0
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 | €101,976 | €90,646 | -€11,330 | -11.1% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Current assets | 29/58 | €101,976 | €90,646 | -€11,330 | -11.1% |
| Amounts receivable within one year | 40/41 | €964 | €129 | -€835 | -86.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €964 | €129 | -€835 | -86.6% |
| Cash at bank and in hand | 54/58 | €101,012 | €90,517 | -€10,495 | -10.4% |
| Total equity and liabilities | 10/49 | €101,976 | €90,646 | -€11,330 | -11.1% |
| Equity | 10/15 | €88,172 | €86,359 | -€1,813 | -2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,712 | €65,899 | -€1,813 | -2.7% |
| Amounts payable | 17/49 | €13,804 | €4,287 | -€9,517 | -68.9% |
| Amounts payable within one year | 42/48 | €13,804 | €4,287 | -€9,517 | -68.9% |
| Trade debts | 44 | €13,804 | €4,287 | -€9,517 | -68.9% |
| Suppliers | 440/4 | €13,804 | €4,287 | -€9,517 | -68.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €962 | €0 | -€962 | -100.0% |
| Other operating charges | 640/8 | €492 | €487 | -€5 | -1.0% |
| Gross operating margin | 9900 | €17,702 | -€867 | -€18,569 | |
| Operating profit (loss) | 9901 | €16,248 | -€1,354 | -€17,602 | |
| Financial income | 75/76B | €0 | €3 | +€3 | |
| Recurring financial income | 75 | €0 | €3 | +€3 | |
| Financial charges | 65/66B | €80 | €47 | -€33 | -41.3% |
| Recurring financial charges | 65 | €80 | €47 | -€33 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €16,168 | -€1,398 | -€17,566 | |
| Income taxes | 67/77 | €4,877 | €415 | -€4,462 | -91.5% |
| Profit (loss) for the period | 9904 | €11,291 | -€1,813 | -€13,104 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,291 | -€1,813 | -€13,104 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.