FORCE MULTIPLIER: 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 MULTIPLIER
Largest movements
- Tangible fixed assets -€20,466
down €20,466 (-8.3%), from €245,343 to €224,877
of which Other tangible fixed assets: -€10,980
- Receivables within one year +€7,397
up €7,397 (+31.2%), from €23,674 to €31,071
of which Trade receivables: +€12,397
- Cash +€6,031
up €6,031 (+285%), from €2,117 to €8,148
mainly Depreciation (+€32,175) and Other debts (+€16,447)
- Receivables after one year +€5,000
up €5,000 (+20.0%), from €25,000 to €30,000
- Debts after one year -€22,140
down €22,140 (-15.8%), from €139,973 to €117,832
- Other debts +€16,447
up €16,447 (+31.5%), from €52,241 to €68,688
- Short-term financial debts -€4,689
no longer reported in 2025 (was €4,689)
- Trade debts +€3,340
up €3,340 (+1,424%), from €235 to €3,574
- Depreciation +€2,293
up €2,293 (+7.7%), from €29,882 to €32,175
- Gross operating margin -€2,015
down €2,015 (-4.6%), from €43,751 to €41,736
- Financial charges -€1,600
down €1,600 (-22.7%), from €7,053 to €5,453
- Other operating charges +€1,265
up €1,265 (+92.9%), from €1,363 to €2,628
- Financial income +€1,218
up €1,218 (+162%), from €750 to €1,968
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 | €298,633 | €295,396 | -€3,237 | -1.1% |
| Fixed assets | 21/28 | €245,343 | €226,177 | -€19,166 | -7.8% |
| Tangible fixed assets | 22/27 | €245,343 | €224,877 | -€20,466 | -8.3% |
| Land and buildings | 22 | €170,927 | €162,029 | -€8,898 | -5.2% |
| Furniture and vehicles | 24 | €9,656 | €9,068 | -€588 | -6.1% |
| Other tangible fixed assets | 26 | €64,760 | €53,779 | -€10,980 | -17.0% |
| Financial fixed assets | 28 | - | €1,300 | +€1,300 | |
| Current assets | 29/58 | €53,291 | €69,219 | +€15,929 | +29.9% |
| Amounts receivable after more than one year | 29 | €25,000 | €30,000 | +€5,000 | +20.0% |
| Other amounts receivable | 291 | €25,000 | €30,000 | +€5,000 | +20.0% |
| Amounts receivable within one year | 40/41 | €23,674 | €31,071 | +€7,397 | +31.2% |
| Trade receivables | 40 | €14,331 | €26,728 | +€12,397 | +86.5% |
| Other amounts receivable | 41 | €9,343 | €4,343 | -€5,000 | -53.5% |
| Current investments | 50/53 | €2,500 | - | -€2,500 | |
| Cash at bank and in hand | 54/58 | €2,117 | €8,148 | +€6,031 | +285% |
| Total equity and liabilities | 10/49 | €298,633 | €295,396 | -€3,237 | -1.1% |
| Equity | 10/15 | €66,828 | €67,244 | +€415 | +0.6% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €60,428 | €60,844 | +€415 | +0.7% |
| Distributable reserves | 133 | €60,428 | €60,844 | +€415 | +0.7% |
| Amounts payable | 17/49 | €231,805 | €228,152 | -€3,653 | -1.6% |
| Amounts payable after more than one year | 17 | €139,973 | €117,832 | -€22,140 | -15.8% |
| Financial debts | 170/4 | €139,973 | €117,832 | -€22,140 | -15.8% |
| Amounts payable within one year | 42/48 | €91,832 | €110,320 | +€18,488 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €21,687 | €22,106 | +€420 | +1.9% |
| Financial debts | 43 | €4,689 | - | -€4,689 | |
| Credit institutions | 430/8 | €4,689 | - | -€4,689 | |
| Trade debts | 44 | €235 | €3,574 | +€3,340 | +1,424% |
| Suppliers | 440/4 | €235 | €3,574 | +€3,340 | +1,424% |
| Taxes, remuneration and social security | 45 | €12,981 | €15,952 | +€2,970 | +22.9% |
| Taxes | 450/3 | €12,981 | €15,952 | +€2,970 | +22.9% |
| Other amounts payable | 47/48 | €52,241 | €68,688 | +€16,447 | +31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,882 | €32,175 | +€2,293 | +7.7% |
| Other operating charges | 640/8 | €1,363 | €2,628 | +€1,265 | +92.9% |
| Gross operating margin | 9900 | €43,751 | €41,736 | -€2,015 | -4.6% |
| Operating profit (loss) | 9901 | €12,506 | €6,933 | -€5,573 | -44.6% |
| Financial income | 75/76B | €750 | €1,968 | +€1,218 | +162% |
| Recurring financial income | 75 | €750 | €1,968 | +€1,218 | +162% |
| Financial charges | 65/66B | €7,053 | €5,453 | -€1,600 | -22.7% |
| Recurring financial charges | 65 | €7,053 | €5,453 | -€1,600 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €6,203 | €3,448 | -€2,755 | -44.4% |
| Income taxes | 67/77 | €3,560 | €3,033 | -€528 | -14.8% |
| Profit (loss) for the period | 9904 | €2,643 | €415 | -€2,227 | -84.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,643 | €415 | -€2,227 | -84.3% |
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 30 October 2026 via checked.be.