Force Field: 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.
Force Field
Largest movements
- Cash +€63,197
up €63,197 (+29.0%), from €217,664 to €280,862
mainly Net result for the year (+€248,123) and Other debts (+€81,658)
- Receivables within one year +€24,338
up €24,338 (+18.1%), from €134,101 to €158,439
of which Trade receivables: +€31,599
- Other debts +€81,658
up €81,658 (+36.2%), from €225,584 to €307,242
- Trade debts +€7,846
up €7,846 (+116.9%), from €6,710 to €14,556
- Gross operating margin +€39,325
up €39,325 (+11.8%), from €334,051 to €373,376
- Financial charges +€20,019
up €20,019 (+41.2%), from €48,569 to €68,589
- Financial income +€18,250
up €18,250 (+131.0%), from €13,935 to €32,185
- Taxes +€11,458
up €11,458 (+17.2%), from €66,594 to €78,052
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.
Cash bridge derived
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 | €376,554 | €465,760 | +€89,206 | +23.7% |
| Fixed assets | 21/28 | €7,687 | €5,611 | -€2,075 | -27.0% |
| Tangible fixed assets | 22/27 | €7,687 | €5,611 | -€2,075 | -27.0% |
| Plant, machinery and equipment | 23 | €3,202 | €2,455 | -€747 | -23.3% |
| Furniture and vehicles | 24 | €1,664 | €669 | -€995 | -59.8% |
| Other tangible fixed assets | 26 | €2,821 | €2,487 | -€334 | -11.8% |
| Current assets | 29/58 | €368,868 | €460,149 | +€91,281 | +24.7% |
| Amounts receivable within one year | 40/41 | €134,101 | €158,439 | +€24,338 | +18.1% |
| Trade receivables | 40 | €70,367 | €101,967 | +€31,599 | +44.9% |
| Other amounts receivable | 41 | €63,734 | €56,472 | -€7,262 | -11.4% |
| Current investments | 50/53 | €12,472 | €13,419 | +€947 | +7.6% |
| Cash at bank and in hand | 54/58 | €217,664 | €280,862 | +€63,197 | +29.0% |
| Deferred charges and accrued income | 490/1 | €4,630 | €7,429 | +€2,799 | +60.4% |
| Total equity and liabilities | 10/49 | €376,554 | €465,760 | +€89,206 | +23.7% |
| Equity | 10/15 | €143,102 | €143,102 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €124,502 | €124,502 | = | 0.0% |
| Distributable reserves | 133 | €124,502 | €124,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €233,452 | €322,658 | +€89,206 | +38.2% |
| Amounts payable within one year | 42/48 | €233,452 | €322,658 | +€89,206 | +38.2% |
| Financial debts | 43 | €1,130 | €349 | -€781 | -69.1% |
| Credit institutions | 430/8 | €1,130 | €349 | -€781 | -69.1% |
| Trade debts | 44 | €6,710 | €14,556 | +€7,846 | +116.9% |
| Suppliers | 440/4 | €6,710 | €14,556 | +€7,846 | +116.9% |
| Taxes, remuneration and social security | 45 | €28 | €511 | +€483 | +1721.6% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €28 | €511 | +€483 | +1721.6% |
| Other amounts payable | 47/48 | €225,584 | €307,242 | +€81,658 | +36.2% |
| Remuneration, social security and pensions | 62 | €6,162 | €7,588 | +€1,427 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,011 | €2,075 | +€64 | +3.2% |
| Other operating charges | 640/8 | €1,246 | €1,135 | -€111 | -8.9% |
| Gross operating margin | 9900 | €334,051 | €373,376 | +€39,325 | +11.8% |
| Operating profit (loss) | 9901 | €324,632 | €362,578 | +€37,946 | +11.7% |
| Financial income | 75/76B | €13,935 | €32,185 | +€18,250 | +131.0% |
| Recurring financial income | 75 | €13,935 | €32,185 | +€18,250 | +131.0% |
| Financial charges | 65/66B | €48,569 | €68,589 | +€20,019 | +41.2% |
| Recurring financial charges | 65 | €48,569 | €68,589 | +€20,019 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €289,998 | €326,175 | +€36,176 | +12.5% |
| Income taxes | 67/77 | €66,594 | €78,052 | +€11,458 | +17.2% |
| Profit (loss) for the period | 9904 | €223,404 | €248,123 | +€24,718 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €223,404 | €248,123 | +€24,718 | +11.1% |
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 11 October 2026 via checked.be.