FORCAL: 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.
FORCAL
Largest movements
- Cash +€8,194
up €8,194 (+7.5%), from €109,132 to €117,326
mainly Other debts (+€9,532) and Tax, wage and social debts (+€9,309)
- Receivables within one year +€3,152
up €3,152 (+23.2%), from €13,601 to €16,754
of which Trade receivables: +€3,152
- Other debts +€9,532
up €9,532 (+320%), from €2,977 to €12,509
- Tax, wage and social debts +€9,309
up €9,309 (+420%), from €2,217 to €11,526
- Trade debts -€3,304
down €3,304 (-67.1%), from €4,921 to €1,617
- Reserves -€2,601
down €2,601 (-1.7%), from €152,608 to €150,007
- Depreciation -€5,576
down €5,576 (-46.3%), from €12,053 to €6,477
- Gross operating margin +€3,736
up €3,736 (+24.0%), from €15,601 to €19,338
- Taxes +€2,068
up €2,068 (+414%), from €500 to €2,568
- Financial income -€772
down €772 (-53.2%), from €1,452 to €679
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 | €168,924 | €181,860 | +€12,936 | +7.7% |
| Fixed assets | 21/28 | €26,998 | €28,034 | +€1,037 | +3.8% |
| Intangible fixed assets | 21 | €30 | - | -€30 | |
| Tangible fixed assets | 22/27 | €26,891 | €27,958 | +€1,067 | +4.0% |
| Plant, machinery and equipment | 23 | €411 | €1,929 | +€1,518 | +369% |
| Furniture and vehicles | 24 | €1,754 | €826 | -€928 | -52.9% |
| Other tangible fixed assets | 26 | €24,726 | €25,203 | +€477 | +1.9% |
| Financial fixed assets | 28 | €76 | €76 | = | 0.0% |
| Current assets | 29/58 | €141,926 | €153,825 | +€11,899 | +8.4% |
| Amounts receivable within one year | 40/41 | €13,601 | €16,754 | +€3,152 | +23.2% |
| Trade receivables | 40 | €13,096 | €16,249 | +€3,152 | +24.1% |
| Other amounts receivable | 41 | €505 | €505 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €109,132 | €117,326 | +€8,194 | +7.5% |
| Deferred charges and accrued income | 490/1 | €19,193 | €19,746 | +€553 | +2.9% |
| Total equity and liabilities | 10/49 | €168,924 | €181,860 | +€12,936 | +7.7% |
| Equity | 10/15 | €158,808 | €156,208 | -€2,601 | -1.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €152,608 | €150,007 | -€2,601 | -1.7% |
| Distributable reserves | 133 | €152,608 | €150,007 | -€2,601 | -1.7% |
| Amounts payable | 17/49 | €10,116 | €25,652 | +€15,536 | +154% |
| Amounts payable within one year | 42/48 | €10,116 | €25,652 | +€15,536 | +154% |
| Trade debts | 44 | €4,921 | €1,617 | -€3,304 | -67.1% |
| Suppliers | 440/4 | €4,921 | €1,617 | -€3,304 | -67.1% |
| Taxes, remuneration and social security | 45 | €2,217 | €11,526 | +€9,309 | +420% |
| Taxes | 450/3 | €2,217 | €11,526 | +€9,309 | +420% |
| Other amounts payable | 47/48 | €2,977 | €12,509 | +€9,532 | +320% |
| Non-recurring operating income | 76A | €123 | €177 | +€53 | +43.1% |
| Remuneration, social security and pensions | 62 | €2,132 | €2,157 | +€25 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,053 | €6,477 | -€5,576 | -46.3% |
| Other operating charges | 640/8 | €728 | €634 | -€94 | -12.9% |
| Non-recurring operating charges | 66A | - | €2 | +€2 | |
| Gross operating margin | 9900 | €15,601 | €19,338 | +€3,736 | +24.0% |
| Operating profit (loss) | 9901 | €689 | €10,067 | +€9,378 | +1,362% |
| Financial income | 75/76B | €1,452 | €679 | -€772 | -53.2% |
| Recurring financial income | 75 | €1,452 | €679 | -€772 | -53.2% |
| Financial charges | 65/66B | €680 | €779 | +€99 | +14.5% |
| Recurring financial charges | 65 | €680 | €663 | -€18 | -2.6% |
| Non-recurring financial charges | 66B | - | €116 | +€116 | |
| Profit (loss) for the period before taxes | 9903 | €1,460 | €9,967 | +€8,507 | +583% |
| Income taxes | 67/77 | €500 | €2,568 | +€2,068 | +414% |
| Profit (loss) for the period | 9904 | €960 | €7,399 | +€6,439 | +671% |
| Profit (loss) for the period to be appropriated | 9905 | €960 | €7,399 | +€6,439 | +671% |
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 14 October 2026 via checked.be.