FFORWARD: 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.
FFORWARD
Largest movements
- Cash -€86,985
down €86,985 (-25.3%), from €343,880 to €256,895
- Tangible fixed assets +€10,092
up €10,092 (+2.6%), from €392,476 to €402,569
of which Land and buildings: +€6,033
- Profit (loss) carried forward -€60,181
down €60,181 (-13.9%), from €433,918 to €373,737
- Other debts -€18,921
down €18,921 (-47.5%), from €39,796 to €20,876
- Gross operating margin +€18,812
up €18,812 (+61.8%), from -€30,458 to -€11,647
- Other operating charges -€3,253
down €3,253 (-46.4%), from €7,003 to €3,751
From the 2021 result to the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2021 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €901,829 | €817,175 | -€84,654 | -9.4% |
| Fixed assets | 21/28 | €392,476 | €402,569 | +€10,092 | +2.6% |
| Tangible fixed assets | 22/27 | €392,476 | €402,569 | +€10,092 | +2.6% |
| Land and buildings | 22 | €367,142 | €373,176 | +€6,033 | +1.6% |
| Plant, machinery and equipment | 23 | €6,208 | €8,024 | +€1,816 | +29.2% |
| Furniture and vehicles | 24 | €19,126 | €21,369 | +€2,243 | +11.7% |
| Current assets | 29/58 | €509,353 | €414,606 | -€94,747 | -18.6% |
| Amounts receivable within one year | 40/41 | €12,734 | €6,365 | -€6,369 | -50.0% |
| Other amounts receivable | 41 | €12,734 | €6,365 | -€6,369 | -50.0% |
| Current investments | 50/53 | €151,346 | €151,346 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €343,880 | €256,895 | -€86,985 | -25.3% |
| Deferred charges and accrued income | 490/1 | €1,393 | - | -€1,393 | |
| Total equity and liabilities | 10/49 | €901,829 | €817,175 | -€84,654 | -9.4% |
| Equity | 10/15 | €856,028 | €795,847 | -€60,181 | -7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €415,910 | €415,910 | = | 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% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €395,300 | €395,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €433,918 | €373,737 | -€60,181 | -13.9% |
| Amounts payable | 17/49 | €45,801 | €21,328 | -€24,473 | -53.4% |
| Amounts payable within one year | 42/48 | €45,801 | €21,328 | -€24,473 | -53.4% |
| Trade debts | 44 | €654 | - | -€654 | |
| Suppliers | 440/4 | €654 | - | -€654 | |
| Taxes, remuneration and social security | 45 | €5,350 | €452 | -€4,898 | -91.5% |
| Taxes | 450/3 | €5,350 | €452 | -€4,898 | -91.5% |
| Other amounts payable | 47/48 | €39,796 | €20,876 | -€18,921 | -47.5% |
| Other operating charges | 640/8 | €7,003 | €3,751 | -€3,253 | -46.4% |
| Gross operating margin | 9900 | -€30,458 | -€11,647 | +€18,812 | +61.8% |
| Operating profit (loss) | 9901 | -€37,462 | -€15,397 | +€22,065 | +58.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €11 | €55 | +€44 | +417.4% |
| Recurring financial charges | 65 | €11 | €55 | +€44 | +417.4% |
| Profit (loss) for the period before taxes | 9903 | -€37,472 | -€15,452 | +€22,019 | +58.8% |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | -€37,472 | -€15,454 | +€22,017 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,472 | -€15,454 | +€22,017 | +58.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.