Force International: 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 International
Largest movements
- Formation expenses -€42,292
down €42,292 (-50.0%), from €84,584 to €42,292
- Profit (loss) carried forward -€146,315
down €146,315 (-28.7%), from -€509,267 to -€655,582
- Other debts +€115,768
up €115,768 (+43.7%), from €264,866 to €380,634
- Current portion of long-term debt -€40,569
down €40,569 (-100%), from €40,569 to €0
- Debts after one year +€25,000
up €25,000 (+1.7%), from €1.5m to €1.5m
of which Financial debts: +€25,000
- Tax, wage and social debts -€14,581
down €14,581 (-27.3%), from €53,446 to €38,865
of which Taxes: -€13,871
- Gross operating margin +€133,160
up €133,160, from -€96,380 to €36,780
- Staff costs +€23,407
up €23,407 (+34.2%), from €68,528 to €91,935
- Other operating charges -€8,365
down €8,365 (-95.4%), from €8,768 to €403
- Financial charges +€6,855
up €6,855 (+23.4%), from €29,273 to €36,128
of which Financial charges: +€10,575
- Taxes -€3,457
down €3,457 (-96.7%), from €3,576 to €119
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.
Derived cash bridge
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 | €1,408,762 | €1,337,142 | -€71,620 | -5.1% |
| Formation expenses | 20 | €84,584 | €42,292 | -€42,292 | -50.0% |
| Fixed assets | 21/28 | €607,577 | €596,892 | -€10,685 | -1.8% |
| Intangible fixed assets | 21 | €591,887 | €584,700 | -€7,187 | -1.2% |
| Tangible fixed assets | 22/27 | €7,740 | €4,242 | -€3,498 | -45.2% |
| Plant, machinery and equipment | 23 | €1,811 | €749 | -€1,062 | -58.6% |
| Furniture and vehicles | 24 | €5,929 | €2,990 | -€2,939 | -49.6% |
| Leasing and similar rights | 25 | - | €503 | +€503 | |
| Financial fixed assets | 28 | €7,950 | €7,950 | = | 0.0% |
| Current assets | 29/58 | €716,600 | €697,957 | -€18,643 | -2.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €677,818 | €668,586 | -€9,232 | -1.4% |
| Trade receivables | 40 | €7,175 | €303 | -€6,872 | -95.8% |
| Other amounts receivable | 41 | €670,642 | €668,283 | -€2,360 | -0.4% |
| Cash at bank and in hand | 54/58 | €38,783 | €28,417 | -€10,366 | -26.7% |
| Deferred charges and accrued income | 490/1 | €0 | €955 | +€955 | |
| Total equity and liabilities | 10/49 | €1,408,762 | €1,337,142 | -€71,620 | -5.1% |
| Equity | 10/15 | -€503,067 | -€649,382 | -€146,315 | -29.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€509,267 | -€655,582 | -€146,315 | -28.7% |
| Amounts payable | 17/49 | €1,911,829 | €1,986,524 | +€74,695 | +3.9% |
| Amounts payable after more than one year | 17 | €1,462,401 | €1,487,401 | +€25,000 | +1.7% |
| Financial debts | 170/4 | €1,384,520 | €1,409,520 | +€25,000 | +1.8% |
| Trade debts | 175 | €77,881 | €77,881 | = | 0.0% |
| Amounts payable within one year | 42/48 | €447,684 | €499,123 | +€51,439 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €40,569 | €0 | -€40,569 | -100% |
| Financial debts | 43 | €29,000 | €29,000 | = | 0.0% |
| Credit institutions | 430/8 | €29,000 | €29,000 | = | 0.0% |
| Trade debts | 44 | €59,803 | €50,623 | -€9,180 | -15.3% |
| Suppliers | 440/4 | €59,803 | €50,623 | -€9,180 | -15.3% |
| Taxes, remuneration and social security | 45 | €53,446 | €38,865 | -€14,581 | -27.3% |
| Taxes | 450/3 | €41,360 | €27,489 | -€13,871 | -33.5% |
| Remuneration and social security | 454/9 | €12,086 | €11,376 | -€710 | -5.9% |
| Other amounts payable | 47/48 | €264,866 | €380,634 | +€115,768 | +43.7% |
| Accrued charges and deferred income | 492/3 | €1,744 | €0 | -€1,744 | -100% |
| Non-recurring operating income | 76A | - | €7,812 | +€7,812 | |
| Remuneration, social security and pensions | 62 | €68,528 | €91,935 | +€23,407 | +34.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,812 | €54,515 | +€703 | +1.3% |
| Other operating charges | 640/8 | €8,768 | €403 | -€8,365 | -95.4% |
| Gross operating margin | 9900 | -€96,380 | €36,780 | +€133,160 | |
| Operating profit (loss) | 9901 | -€227,487 | -€110,072 | +€117,415 | +51.6% |
| Financial income | 75/76B | €23 | €3 | -€19 | -85.2% |
| Recurring financial income | 75 | €23 | €3 | -€19 | -85.2% |
| Financial charges | 65/66B | €29,273 | €36,128 | +€6,855 | +23.4% |
| Recurring financial charges | 65 | €25,552 | €36,128 | +€10,575 | +41.4% |
| Non-recurring financial charges | 66B | €3,721 | €0 | -€3,721 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€256,737 | -€146,196 | +€110,541 | +43.1% |
| Income taxes | 67/77 | €3,576 | €119 | -€3,457 | -96.7% |
| Profit (loss) for the period | 9904 | -€260,313 | -€146,315 | +€113,997 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€260,313 | -€146,315 | +€113,997 | +43.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.