ETS FORCEILLE: 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.
ETS FORCEILLE
Largest movements
- Receivables within one year +€11,099
up €11,099 (+7.3%), from €152,034 to €163,133
of which Other amounts receivable: +€6,115
- Cash +€10,685
up €10,685 (+160.4%), from €6,663 to €17,348
mainly Trade debts (+€7,735) and Short-term financial debts (+€5,968)
- Trade debts +€7,735
up €7,735 (+6.3%), from €121,937 to €129,672
- Short-term financial debts +€5,968
new in 2025: €5,968
- Tax, wage and social debts +€4,465
up €4,465 (+43.3%), from €10,312 to €14,778
of which Taxes: +€4,073
- Profit (loss) carried forward +€3,125
up €3,125 (+7.9%), from €39,338 to €42,463
- Other operating charges +€6,151
up €6,151 (+800.0%), from €769 to €6,920
- Gross operating margin -€2,697
down €2,697 (-7.9%), from €34,141 to €31,444
- Taxes +€2,397
up €2,397 (+39.9%), from €6,011 to €8,408
- Staff costs +€1,437
new in 2025: €1,437
- Depreciation +€392
up €392 (+7.1%), from €5,531 to €5,923
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 | €175,683 | €195,881 | +€20,198 | +11.5% |
| Fixed assets | 21/28 | €16,987 | €15,401 | -€1,586 | -9.3% |
| Tangible fixed assets | 22/27 | €16,987 | €15,401 | -€1,586 | -9.3% |
| Plant, machinery and equipment | 23 | €3,360 | €4,599 | +€1,239 | +36.9% |
| Furniture and vehicles | 24 | €9,993 | €7,752 | -€2,241 | -22.4% |
| Other tangible fixed assets | 26 | €3,634 | €3,050 | -€584 | -16.1% |
| Current assets | 29/58 | €158,697 | €180,481 | +€21,784 | +13.7% |
| Amounts receivable within one year | 40/41 | €152,034 | €163,133 | +€11,099 | +7.3% |
| Trade receivables | 40 | €120,492 | €125,476 | +€4,984 | +4.1% |
| Other amounts receivable | 41 | €31,541 | €37,657 | +€6,115 | +19.4% |
| Cash at bank and in hand | 54/58 | €6,663 | €17,348 | +€10,685 | +160.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €175,683 | €195,881 | +€20,198 | +11.5% |
| Equity | 10/15 | €42,338 | €45,463 | +€3,125 | +7.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,338 | €42,463 | +€3,125 | +7.9% |
| Amounts payable | 17/49 | €133,345 | €150,418 | +€17,073 | +12.8% |
| Amounts payable within one year | 42/48 | €133,345 | €150,418 | +€17,073 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €1,096 | €0 | -€1,096 | -100.0% |
| Financial debts | 43 | - | €5,968 | +€5,968 | |
| Credit institutions | 430/8 | - | €5,968 | +€5,968 | |
| Trade debts | 44 | €121,937 | €129,672 | +€7,735 | +6.3% |
| Suppliers | 440/4 | €121,937 | €129,672 | +€7,735 | +6.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €10,312 | €14,778 | +€4,465 | +43.3% |
| Taxes | 450/3 | €10,312 | €14,386 | +€4,073 | +39.5% |
| Remuneration and social security | 454/9 | - | €392 | +€392 | |
| Remuneration, social security and pensions | 62 | - | €1,437 | +€1,437 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,531 | €5,923 | +€392 | +7.1% |
| Other operating charges | 640/8 | €769 | €6,920 | +€6,151 | +800.0% |
| Gross operating margin | 9900 | €34,141 | €31,444 | -€2,697 | -7.9% |
| Operating profit (loss) | 9901 | €27,841 | €17,164 | -€10,676 | -38.3% |
| Financial income | 75/76B | €34 | €115 | +€81 | +238.0% |
| Recurring financial income | 75 | €34 | €115 | +€81 | +238.0% |
| Financial charges | 65/66B | €6,009 | €5,747 | -€262 | -4.4% |
| Recurring financial charges | 65 | €6,009 | €5,747 | -€262 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €21,866 | €11,533 | -€10,333 | -47.3% |
| Income taxes | 67/77 | €6,011 | €8,408 | +€2,397 | +39.9% |
| Profit (loss) for the period | 9904 | €15,855 | €3,125 | -€12,730 | -80.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,855 | €3,125 | -€12,730 | -80.3% |
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 9 October 2026 via checked.be.