Force 7 III: what changed
Two fiscal 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.
Force 7 III
Largest movements
- Tangible fixed assets -€9,506
down €9,506 (-3.5%), from €267,962 to €258,456
of which Land and buildings: -€13,724
- Cash +€3,390
up €3,390 (+93.5%), from €3,626 to €7,016
mainly Depreciation (+€16,067) and Other debts (+€16,027)
- Debts after one year -€18,982
down €18,982 (-11.3%), from €167,610 to €148,628
- Other debts +€16,027
up €16,027 (+21.4%), from €75,051 to €91,078
- Trade debts +€8,166
up €8,166 (+85.7%), from €9,533 to €17,698
- Current portion of long-term debt -€4,337
down €4,337 (-18.6%), from €23,319 to €18,982
- Profit (loss) carried forward -€2,930
down €2,930 (-4.8%), from -€61,562 to -€64,492
- Depreciation -€6,935
down €6,935 (-30.1%), from €23,002 to €16,067
- Gross operating margin +€4,970
up €4,970 (+9.6%), from €51,592 to €56,562
- Staff costs +€2,145
up €2,145 (+7.2%), from €29,738 to €31,882
- Other operating charges -€1,495
down €1,495 (-26.3%), from €5,690 to €4,195
From the 2023 result to the 2024 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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €288,148 | €283,331 | -€4,817 | -1.7% |
| Formation expenses | 20 | - | €1,075 | +€1,075 | |
| Fixed assets | 21/28 | €267,962 | €258,456 | -€9,506 | -3.5% |
| Tangible fixed assets | 22/27 | €267,962 | €258,456 | -€9,506 | -3.5% |
| Land and buildings | 22 | €264,031 | €250,306 | -€13,724 | -5.2% |
| Plant, machinery and equipment | 23 | €3,564 | €3,554 | -€11 | -0.3% |
| Furniture and vehicles | 24 | €366 | €4,596 | +€4,229 | +1154.3% |
| Current assets | 29/58 | €20,187 | €23,801 | +€3,614 | +17.9% |
| Stocks and contracts in progress | 3 | €9,996 | €10,725 | +€728 | +7.3% |
| Stocks | 30/36 | €9,996 | €10,725 | +€728 | +7.3% |
| Amounts receivable within one year | 40/41 | €5,642 | €5,642 | = | 0.0% |
| Other amounts receivable | 41 | €5,642 | €5,642 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,626 | €7,016 | +€3,390 | +93.5% |
| Deferred charges and accrued income | 490/1 | €923 | €419 | -€504 | -54.6% |
| Total equity and liabilities | 10/49 | €288,148 | €283,331 | -€4,817 | -1.7% |
| Equity | 10/15 | -€1,125 | -€4,055 | -€2,930 | -260.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Capital | 10 | €60,000 | - | -€60,000 | |
| Issued capital | 100 | €60,000 | - | -€60,000 | |
| Reserves | 13 | €437 | €437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €437 | - | -€437 | |
| Legal reserve | 130 | €437 | - | -€437 | |
| Distributable reserves | 133 | - | €437 | +€437 | |
| Profit (loss) carried forward | 14 | -€61,562 | -€64,492 | -€2,930 | -4.8% |
| Amounts payable | 17/49 | €289,274 | €287,386 | -€1,887 | -0.7% |
| Amounts payable after more than one year | 17 | €167,610 | €148,628 | -€18,982 | -11.3% |
| Financial debts | 170/4 | €167,610 | €148,628 | -€18,982 | -11.3% |
| Amounts payable within one year | 42/48 | €121,664 | €138,759 | +€17,095 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €23,319 | €18,982 | -€4,337 | -18.6% |
| Financial debts | 43 | €350 | - | -€350 | |
| Credit institutions | 430/8 | €350 | - | -€350 | |
| Trade debts | 44 | €9,533 | €17,698 | +€8,166 | +85.7% |
| Suppliers | 440/4 | €9,533 | €17,698 | +€8,166 | +85.7% |
| Taxes, remuneration and social security | 45 | €13,410 | €11,000 | -€2,410 | -18.0% |
| Taxes | 450/3 | €11,300 | €8,648 | -€2,651 | -23.5% |
| Remuneration and social security | 454/9 | €2,111 | €2,352 | +€241 | +11.4% |
| Other amounts payable | 47/48 | €75,051 | €91,078 | +€16,027 | +21.4% |
| Remuneration, social security and pensions | 62 | €29,738 | €31,882 | +€2,145 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,002 | €16,067 | -€6,935 | -30.1% |
| Other operating charges | 640/8 | €5,690 | €4,195 | -€1,495 | -26.3% |
| Gross operating margin | 9900 | €51,592 | €56,562 | +€4,970 | +9.6% |
| Operating profit (loss) | 9901 | -€6,838 | €4,417 | +€11,255 | |
| Financial charges | 65/66B | €7,531 | €7,248 | -€283 | -3.8% |
| Recurring financial charges | 65 | €7,531 | €7,248 | -€283 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | -€14,369 | -€2,831 | +€11,538 | +80.3% |
| Income taxes | 67/77 | €123 | €99 | -€24 | -19.7% |
| Profit (loss) for the period | 9904 | -€14,492 | -€2,930 | +€11,562 | +79.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,492 | -€2,930 | +€11,562 | +79.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.