FOR-MY: 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.
FOR-MY
Largest movements
- Cash +€20,119
up €20,119 (+74.5%), from €27,020 to €47,139
mainly Net result for the year (+€33,890) and Depreciation (+€14,914)
- Tangible fixed assets -€14,914
down €14,914 (-73.4%), from €20,320 to €5,406
of which Plant, machinery and equipment: -€14,714
- Current investments -€3,040
no longer reported in 2025 (was €3,040)
- Deferred charges and accrued income -€2,185
no longer reported in 2025 (was €2,185)
- Receivables within one year +€2,032
up €2,032 (+1,303%), from €156 to €2,188
of which Other amounts receivable: +€2,176
- Profit (loss) carried forward +€33,890
up €33,890 (+65.1%), from -€52,079 to -€18,189
- Debts after one year -€28,805
down €28,805 (-68.6%), from €41,967 to €13,162
of which Financial debts: -€21,003
- Other debts -€5,000
no longer reported in 2025 (was €5,000)
- Trade debts +€3,895
up €3,895 (+82.3%), from €4,730 to €8,625
- Current portion of long-term debt -€1,184
down €1,184 (-5.1%), from €23,089 to €21,904
- Gross operating margin +€9,887
up €9,887 (+6.1%), from €162,457 to €172,344
- Staff costs +€3,421
up €3,421 (+3.0%), from €114,338 to €117,759
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 | €56,291 | €59,755 | +€3,465 | +6.2% |
| Fixed assets | 21/28 | €20,806 | €5,892 | -€14,914 | -71.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €20,320 | €5,406 | -€14,914 | -73.4% |
| Plant, machinery and equipment | 23 | €20,107 | €5,392 | -€14,714 | -73.2% |
| Furniture and vehicles | 24 | €214 | €14 | -€200 | -93.5% |
| Financial fixed assets | 28 | €486 | €486 | = | 0.0% |
| Current assets | 29/58 | €35,485 | €53,863 | +€18,379 | +51.8% |
| Stocks and contracts in progress | 3 | €3,083 | €4,537 | +€1,454 | +47.2% |
| Stocks | 30/36 | €3,083 | €4,537 | +€1,454 | +47.2% |
| Amounts receivable within one year | 40/41 | €156 | €2,188 | +€2,032 | +1,303% |
| Trade receivables | 40 | €144 | - | -€144 | |
| Other amounts receivable | 41 | €12 | €2,188 | +€2,176 | +18,206% |
| Current investments | 50/53 | €3,040 | - | -€3,040 | |
| Cash at bank and in hand | 54/58 | €27,020 | €47,139 | +€20,119 | +74.5% |
| Deferred charges and accrued income | 490/1 | €2,185 | - | -€2,185 | |
| Total equity and liabilities | 10/49 | €56,291 | €59,755 | +€3,465 | +6.2% |
| Equity | 10/15 | -€33,479 | €411 | +€33,890 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,079 | -€18,189 | +€33,890 | +65.1% |
| Amounts payable | 17/49 | €89,770 | €59,345 | -€30,425 | -33.9% |
| Amounts payable after more than one year | 17 | €41,967 | €13,162 | -€28,805 | -68.6% |
| Financial debts | 170/4 | €34,165 | €13,162 | -€21,003 | -61.5% |
| Other amounts payable | 178/9 | €7,802 | - | -€7,802 | |
| Amounts payable within one year | 42/48 | €47,803 | €46,182 | -€1,620 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €23,089 | €21,904 | -€1,184 | -5.1% |
| Trade debts | 44 | €4,730 | €8,625 | +€3,895 | +82.3% |
| Suppliers | 440/4 | €4,730 | €8,625 | +€3,895 | +82.3% |
| Taxes, remuneration and social security | 45 | €14,984 | €15,653 | +€670 | +4.5% |
| Taxes | 450/3 | €1,862 | €2,641 | +€779 | +41.8% |
| Remuneration and social security | 454/9 | €13,121 | €13,012 | -€109 | -0.8% |
| Other amounts payable | 47/48 | €5,000 | - | -€5,000 | |
| Non-recurring operating income | 76A | €275 | €1,985 | +€1,710 | +622% |
| Remuneration, social security and pensions | 62 | €114,338 | €117,759 | +€3,421 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,484 | €14,914 | +€430 | +3.0% |
| Other operating charges | 640/8 | €1,735 | €1,764 | +€29 | +1.7% |
| Non-recurring operating charges | 66A | €12,647 | €375 | -€12,272 | -97.0% |
| Gross operating margin | 9900 | €162,457 | €172,344 | +€9,887 | +6.1% |
| Operating profit (loss) | 9901 | €19,252 | €37,532 | +€18,279 | +94.9% |
| Financial income | 75/76B | €40 | €2 | -€38 | -95.5% |
| Recurring financial income | 75 | €40 | €2 | -€38 | -95.5% |
| Financial charges | 65/66B | €3,714 | €3,644 | -€70 | -1.9% |
| Recurring financial charges | 65 | €3,714 | €3,644 | -€70 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €15,578 | €33,890 | +€18,312 | +118% |
| Income taxes | 67/77 | €0 | €1 | +€1 | |
| Profit (loss) for the period | 9904 | €15,578 | €33,890 | +€18,311 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €15,578 | €33,890 | +€18,311 | +118% |
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 19 October 2026 via checked.be.