FORBIS: 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.
FORBIS
Largest movements
- Receivables within one year +€414,917
up €414,917 (+97.6%), from €425,063 to €839,980
of which Other amounts receivable: +€410,199
- Cash -€343,288
down €343,288 (-57.4%), from €598,292 to €255,004
mainly Receivables within one year (-€414,917) and Net result for the year (-€187,292)
- Tangible fixed assets -€104,803
down €104,803 (-25.3%), from €413,443 to €308,640
of which Plant, machinery and equipment: -€90,079
- Deferred charges and accrued income +€15,486
up €15,486 (+35.1%), from €44,079 to €59,565
- Trade debts +€230,895
up €230,895 (+50.1%), from €460,678 to €691,573
- Profit (loss) carried forward -€187,292
down €187,292 (-47.6%), from €393,601 to €206,309
- Debts after one year -€58,395
down €58,395 (-27.2%), from €214,901 to €156,506
- Gross operating margin -€260,913
down €260,913 (-25.6%), from €1.0m to €758,518
- Staff costs +€26,814
up €26,814 (+3.5%), from €770,446 to €797,260
- Taxes -€25,795
down €25,795 (-97.9%), from €26,335 to €540
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 | €1,509,964 | €1,486,681 | -€23,284 | -1.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €414,038 | €309,235 | -€104,803 | -25.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €413,443 | €308,640 | -€104,803 | -25.3% |
| Plant, machinery and equipment | 23 | €370,550 | €280,472 | -€90,079 | -24.3% |
| Furniture and vehicles | 24 | €42,893 | €28,168 | -€14,724 | -34.3% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €595 | €595 | = | 0.0% |
| Current assets | 29/58 | €1,095,927 | €1,177,446 | +€81,520 | +7.4% |
| Stocks and contracts in progress | 3 | €28,492 | €22,897 | -€5,594 | -19.6% |
| Stocks | 30/36 | €28,492 | €22,897 | -€5,594 | -19.6% |
| Amounts receivable within one year | 40/41 | €425,063 | €839,980 | +€414,917 | +97.6% |
| Trade receivables | 40 | €1,094 | €5,812 | +€4,718 | +431% |
| Other amounts receivable | 41 | €423,969 | €834,167 | +€410,199 | +96.8% |
| Cash at bank and in hand | 54/58 | €598,292 | €255,004 | -€343,288 | -57.4% |
| Deferred charges and accrued income | 490/1 | €44,079 | €59,565 | +€15,486 | +35.1% |
| Total equity and liabilities | 10/49 | €1,509,964 | €1,486,681 | -€23,284 | -1.5% |
| Equity | 10/15 | €645,052 | €457,760 | -€187,292 | -29.0% |
| Contributions | 10/11 | €228,592 | €228,592 | = | 0.0% |
| Reserves | 13 | €22,859 | €22,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,859 | €22,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €22,859 | €22,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €393,601 | €206,309 | -€187,292 | -47.6% |
| Amounts payable | 17/49 | €864,912 | €1,028,921 | +€164,009 | +19.0% |
| Amounts payable after more than one year | 17 | €214,901 | €156,506 | -€58,395 | -27.2% |
| Financial debts | 170/4 | €214,901 | €156,506 | -€58,395 | -27.2% |
| Amounts payable within one year | 42/48 | €650,011 | €872,415 | +€222,404 | +34.2% |
| Current portion of amounts payable after more than one year | 42 | €69,470 | €58,395 | -€11,075 | -15.9% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Credit institutions | 430/8 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €460,678 | €691,573 | +€230,895 | +50.1% |
| Suppliers | 440/4 | €460,678 | €691,573 | +€230,895 | +50.1% |
| Taxes, remuneration and social security | 45 | €97,880 | €100,437 | +€2,556 | +2.6% |
| Taxes | 450/3 | €1,287 | €1,313 | +€26 | +2.0% |
| Remuneration and social security | 454/9 | €96,593 | €99,123 | +€2,530 | +2.6% |
| Other amounts payable | 47/48 | €1,983 | €2,010 | +€28 | +1.4% |
| Remuneration, social security and pensions | 62 | €770,446 | €797,260 | +€26,814 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,318 | €108,265 | -€7,053 | -6.1% |
| Other operating charges | 640/8 | €17,461 | €17,816 | +€355 | +2.0% |
| Gross operating margin | 9900 | €1,019,431 | €758,518 | -€260,913 | -25.6% |
| Operating profit (loss) | 9901 | €116,206 | -€164,823 | -€281,029 | |
| Financial income | 75/76B | €1,742 | €2,653 | +€911 | +52.3% |
| Recurring financial income | 75 | €1,742 | €2,653 | +€911 | +52.3% |
| Financial charges | 65/66B | €21,391 | €24,583 | +€3,192 | +14.9% |
| Recurring financial charges | 65 | €21,391 | €24,583 | +€3,192 | +14.9% |
| Profit (loss) for the period before taxes | 9903 | €96,558 | -€186,752 | -€283,310 | |
| Income taxes | 67/77 | €26,335 | €540 | -€25,795 | -97.9% |
| Profit (loss) for the period | 9904 | €70,222 | -€187,292 | -€257,515 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,222 | -€187,292 | -€257,515 |
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 18 October 2026 via checked.be.