FAST FORWARD MANAGEMENT: 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.
FAST FORWARD MANAGEMENT
Largest movements
- Receivables within one year +€56,877
up €56,877 (+255.5%), from €22,264 to €79,141
of which Trade receivables: +€56,394
- Cash -€7,875
down €7,875 (-15.5%), from €50,719 to €42,844
mainly Receivables within one year (-€56,877) and Investment in fixed assets (net) (-€3,055)
- Tangible fixed assets +€2,538
up €2,538 (+184.1%), from €1,378 to €3,916
of which Other tangible fixed assets: +€1,697
- Deferred charges and accrued income +€2,096
new in 2025: €2,096
- Profit (loss) carried forward +€51,848
up €51,848 (+50.9%), from €101,871 to €153,719
- Gross operating margin -€14,909
down €14,909 (-17.7%), from €84,335 to €69,426
- Taxes -€6,824
down €6,824 (-31.0%), from €21,991 to €15,167
- Financial charges -€875
down €875 (-45.3%), from €1,933 to €1,057
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 | €144,441 | €198,077 | +€53,635 | +37.1% |
| Fixed assets | 21/28 | €71,458 | €73,996 | +€2,538 | +3.6% |
| Tangible fixed assets | 22/27 | €1,378 | €3,916 | +€2,538 | +184.1% |
| Furniture and vehicles | 24 | €346 | €1,187 | +€841 | +243.2% |
| Other tangible fixed assets | 26 | €1,032 | €2,729 | +€1,697 | +164.4% |
| Financial fixed assets | 28 | €70,080 | €70,080 | = | 0.0% |
| Current assets | 29/58 | €72,983 | €124,081 | +€51,097 | +70.0% |
| Amounts receivable within one year | 40/41 | €22,264 | €79,141 | +€56,877 | +255.5% |
| Trade receivables | 40 | €22,264 | €78,658 | +€56,394 | +253.3% |
| Other amounts receivable | 41 | - | €483 | +€483 | |
| Cash at bank and in hand | 54/58 | €50,719 | €42,844 | -€7,875 | -15.5% |
| Deferred charges and accrued income | 490/1 | - | €2,096 | +€2,096 | |
| Total equity and liabilities | 10/49 | €144,441 | €198,077 | +€53,635 | +37.1% |
| Equity | 10/15 | €104,871 | €156,719 | +€51,848 | +49.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,871 | €153,719 | +€51,848 | +50.9% |
| Amounts payable | 17/49 | €39,571 | €41,357 | +€1,787 | +4.5% |
| Amounts payable within one year | 42/48 | €39,571 | €41,357 | +€1,787 | +4.5% |
| Trade debts | 44 | €730 | €619 | -€111 | -15.2% |
| Suppliers | 440/4 | €730 | €619 | -€111 | -15.2% |
| Taxes, remuneration and social security | 45 | €37,325 | €39,182 | +€1,857 | +5.0% |
| Taxes | 450/3 | €37,325 | €39,182 | +€1,857 | +5.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,515 | €1,556 | +€41 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €481 | €517 | +€36 | +7.5% |
| Other operating charges | 640/8 | €127 | €490 | +€363 | +286.1% |
| Non-recurring operating charges | 66A | €1,409 | €346 | -€1,064 | -75.5% |
| Gross operating margin | 9900 | €84,335 | €69,426 | -€14,909 | -17.7% |
| Operating profit (loss) | 9901 | €82,318 | €68,073 | -€14,245 | -17.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,933 | €1,057 | -€875 | -45.3% |
| Recurring financial charges | 65 | €1,933 | €1,057 | -€875 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €80,385 | €67,016 | -€13,369 | -16.6% |
| Income taxes | 67/77 | €21,991 | €15,167 | -€6,824 | -31.0% |
| Profit (loss) for the period | 9904 | €58,394 | €51,848 | -€6,545 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,394 | €51,848 | -€6,545 | -11.2% |
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 10 October 2026 via checked.be.