Feet Forward: 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.
Feet Forward
Largest movements
- Cash +€7,397
up €7,397 (+47.2%), from €15,687 to €23,083
mainly Receivables within one year (+€6,728) and Depreciation (+€5,808)
- Receivables within one year -€6,728
down €6,728 (-72.5%), from €9,284 to €2,556
of which Trade receivables: -€6,782
- Tangible fixed assets -€5,808
down €5,808 (-21.7%), from €26,720 to €20,912
of which Plant, machinery and equipment: -€4,538
- Deferred charges and accrued income +€1,775
up €1,775 (+109%), from €1,628 to €3,403
- Trade debts -€4,939
down €4,939 (-65.0%), from €7,600 to €2,661
- Reserves +€2,903
up €2,903 (+33.6%), from €8,642 to €11,545
- Tax, wage and social debts -€703
down €703 (-7.3%), from €9,668 to €8,966
of which Taxes: -€1,686
- Other debts -€625
down €625 (-3.6%), from €17,408 to €16,783
- Depreciation +€3,489
up €3,489 (+150%), from €2,319 to €5,808
- Staff costs +€2,466
up €2,466 (+25.5%), from €9,680 to €12,146
- Taxes -€828
down €828 (-38.9%), from €2,130 to €1,302
- Gross operating margin -€653
down €653 (-2.7%), from €24,008 to €23,355
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 | €53,318 | €49,955 | -€3,364 | -6.3% |
| Fixed assets | 21/28 | €26,720 | €20,912 | -€5,808 | -21.7% |
| Tangible fixed assets | 22/27 | €26,720 | €20,912 | -€5,808 | -21.7% |
| Land and buildings | 22 | €2,412 | €1,832 | -€580 | -24.0% |
| Plant, machinery and equipment | 23 | €21,411 | €16,873 | -€4,538 | -21.2% |
| Furniture and vehicles | 24 | €2,897 | €2,207 | -€690 | -23.8% |
| Current assets | 29/58 | €26,598 | €29,042 | +€2,444 | +9.2% |
| Amounts receivable within one year | 40/41 | €9,284 | €2,556 | -€6,728 | -72.5% |
| Trade receivables | 40 | €9,234 | €2,452 | -€6,782 | -73.4% |
| Other amounts receivable | 41 | €50 | €105 | +€55 | +110% |
| Cash at bank and in hand | 54/58 | €15,687 | €23,083 | +€7,397 | +47.2% |
| Deferred charges and accrued income | 490/1 | €1,628 | €3,403 | +€1,775 | +109% |
| Total equity and liabilities | 10/49 | €53,318 | €49,955 | -€3,364 | -6.3% |
| Equity | 10/15 | €18,642 | €21,545 | +€2,903 | +15.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €8,642 | €11,545 | +€2,903 | +33.6% |
| Distributable reserves | 133 | €8,642 | €11,545 | +€2,903 | +33.6% |
| Amounts payable | 17/49 | €34,676 | €28,410 | -€6,266 | -18.1% |
| Amounts payable within one year | 42/48 | €34,676 | €28,410 | -€6,266 | -18.1% |
| Trade debts | 44 | €7,600 | €2,661 | -€4,939 | -65.0% |
| Suppliers | 440/4 | €7,600 | €2,661 | -€4,939 | -65.0% |
| Taxes, remuneration and social security | 45 | €9,668 | €8,966 | -€703 | -7.3% |
| Taxes | 450/3 | €6,309 | €4,623 | -€1,686 | -26.7% |
| Remuneration and social security | 454/9 | €3,360 | €4,343 | +€983 | +29.3% |
| Other amounts payable | 47/48 | €17,408 | €16,783 | -€625 | -3.6% |
| Non-recurring operating income | 76A | €2,900 | - | -€2,900 | |
| Remuneration, social security and pensions | 62 | €9,680 | €12,146 | +€2,466 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,319 | €5,808 | +€3,489 | +150% |
| Other operating charges | 640/8 | €1,180 | €1,122 | -€58 | -4.9% |
| Gross operating margin | 9900 | €24,008 | €23,355 | -€653 | -2.7% |
| Operating profit (loss) | 9901 | €10,829 | €4,279 | -€6,550 | -60.5% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €61 | €75 | +€14 | +23.7% |
| Recurring financial charges | 65 | €61 | €75 | +€14 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €10,772 | €4,204 | -€6,568 | -61.0% |
| Income taxes | 67/77 | €2,130 | €1,302 | -€828 | -38.9% |
| Profit (loss) for the period | 9904 | €8,642 | €2,903 | -€5,739 | -66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,642 | €2,903 | -€5,739 | -66.4% |
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 27 October 2026 via checked.be.