FORBICI: 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.
FORBICI
Largest movements
- Receivables within one year +€34,675
up €34,675 (+226%), from €15,345 to €50,020
- Tangible fixed assets -€1,996
down €1,996 (-20.6%), from €9,682 to €7,686
of which Other tangible fixed assets: -€1,237
- Cash +€1,812
up €1,812 (+5.3%), from €34,268 to €36,080
mainly Debts after one year (+€30,095) and Net result for the year (+€18,778)
- Debts after one year +€30,095
new in 2025: €30,095
- Other debts -€30,095
no longer reported in 2025 (was €30,095)
- Tax, wage and social debts +€14,263
up €14,263 (+92.6%), from €15,398 to €29,661
of which Taxes: +€9,107
- Reserves +€14,043
new in 2025: €14,043
- Profit (loss) carried forward +€4,735
no longer reported in 2025 (was -€4,735)
- Gross operating margin +€29,849
up €29,849 (+38.3%), from €78,035 to €107,884
- Staff costs +€11,379
up €11,379 (+17.1%), from €66,556 to €77,935
- Taxes +€6,549
up €6,549 (+273%), from €2,396 to €8,945
- Other operating charges -€1,777
down €1,777 (-92.4%), from €1,924 to €147
- Financial income +€1,129
up €1,129 (+1,226%), from €92 to €1,221
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 | €60,823 | €95,888 | +€35,064 | +57.6% |
| Fixed assets | 21/28 | €9,682 | €7,686 | -€1,996 | -20.6% |
| Tangible fixed assets | 22/27 | €9,682 | €7,686 | -€1,996 | -20.6% |
| Land and buildings | 22 | €5,740 | €5,564 | -€176 | -3.1% |
| Plant, machinery and equipment | 23 | €686 | €102 | -€583 | -85.1% |
| Other tangible fixed assets | 26 | €3,256 | €2,019 | -€1,237 | -38.0% |
| Current assets | 29/58 | €51,141 | €88,202 | +€37,061 | +72.5% |
| Stocks and contracts in progress | 3 | €1,232 | €2,102 | +€870 | +70.6% |
| Stocks | 30/36 | €1,232 | €2,102 | +€870 | +70.6% |
| Amounts receivable within one year | 40/41 | €15,345 | €50,020 | +€34,675 | +226% |
| Other amounts receivable | 41 | €15,345 | €50,020 | +€34,675 | +226% |
| Cash at bank and in hand | 54/58 | €34,268 | €36,080 | +€1,812 | +5.3% |
| Deferred charges and accrued income | 490/1 | €296 | - | -€296 | |
| Total equity and liabilities | 10/49 | €60,823 | €95,888 | +€35,064 | +57.6% |
| Equity | 10/15 | €13,865 | €32,643 | +€18,778 | +135% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €14,043 | +€14,043 | |
| Distributable reserves | 133 | - | €14,043 | +€14,043 | |
| Profit (loss) carried forward | 14 | -€4,735 | - | +€4,735 | |
| Amounts payable | 17/49 | €46,958 | €63,245 | +€16,286 | +34.7% |
| Amounts payable after more than one year | 17 | - | €30,095 | +€30,095 | |
| Financial debts | 170/4 | - | €30,095 | +€30,095 | |
| Amounts payable within one year | 42/48 | €46,958 | €33,150 | -€13,808 | -29.4% |
| Trade debts | 44 | €1,466 | €3,489 | +€2,023 | +138% |
| Suppliers | 440/4 | €1,466 | €3,489 | +€2,023 | +138% |
| Taxes, remuneration and social security | 45 | €15,398 | €29,661 | +€14,263 | +92.6% |
| Taxes | 450/3 | €6,775 | €15,882 | +€9,107 | +134% |
| Remuneration and social security | 454/9 | €8,623 | €13,780 | +€5,156 | +59.8% |
| Other amounts payable | 47/48 | €30,095 | - | -€30,095 | |
| Remuneration, social security and pensions | 62 | €66,556 | €77,935 | +€11,379 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,881 | €1,996 | +€116 | +6.2% |
| Other operating charges | 640/8 | €1,924 | €147 | -€1,777 | -92.4% |
| Gross operating margin | 9900 | €78,035 | €107,884 | +€29,849 | +38.3% |
| Operating profit (loss) | 9901 | €7,675 | €27,805 | +€20,130 | +262% |
| Financial income | 75/76B | €92 | €1,221 | +€1,129 | +1,226% |
| Recurring financial income | 75 | €92 | €1,221 | +€1,129 | +1,226% |
| Financial charges | 65/66B | €927 | €1,303 | +€376 | +40.5% |
| Recurring financial charges | 65 | €927 | €1,303 | +€376 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | €6,840 | €27,723 | +€20,884 | +305% |
| Income taxes | 67/77 | €2,396 | €8,945 | +€6,549 | +273% |
| Profit (loss) for the period | 9904 | €4,443 | €18,778 | +€14,335 | +323% |
| Profit (loss) for the period to be appropriated | 9905 | €4,443 | €18,778 | +€14,335 | +323% |
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 24 October 2026 via checked.be.