FORCE7: 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.
FORCE7
Largest movements
- Tangible fixed assets -€37,384
down €37,384 (-5.5%), from €675,374 to €637,990
of which Land and buildings: -€36,977
- Profit (loss) carried forward -€23,664
down €23,664 (-45.7%), from -€51,777 to -€75,441
- Debts after one year -€14,486
down €14,486 (-2.4%), from €607,829 to €593,343
of which Financial debts: -€14,486
- Gross operating margin -€3,966
down €3,966 (-14.3%), from €27,819 to €23,853
- Other operating charges -€1,156
no longer reported in 2025 (was €1,156)
- Financial charges -€580
down €580 (-5.4%), from €10,713 to €10,133
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 | €682,341 | €645,107 | -€37,234 | -5.5% |
| Fixed assets | 21/28 | €675,374 | €637,990 | -€37,384 | -5.5% |
| Tangible fixed assets | 22/27 | €675,374 | €637,990 | -€37,384 | -5.5% |
| Land and buildings | 22 | €674,559 | €637,582 | -€36,977 | -5.5% |
| Plant, machinery and equipment | 23 | €815 | €408 | -€407 | -49.9% |
| Current assets | 29/58 | €6,967 | €7,117 | +€150 | +2.2% |
| Amounts receivable within one year | 40/41 | €1,402 | - | -€1,402 | |
| Trade receivables | 40 | €1,331 | - | -€1,331 | |
| Other amounts receivable | 41 | €71 | - | -€71 | |
| Cash at bank and in hand | 54/58 | €5,565 | €7,116 | +€1,551 | +27.9% |
| Deferred charges and accrued income | 490/1 | - | €1 | +€1 | |
| Total equity and liabilities | 10/49 | €682,341 | €645,107 | -€37,234 | -5.5% |
| Equity | 10/15 | €48,223 | €24,559 | -€23,664 | -49.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,777 | -€75,441 | -€23,664 | -45.7% |
| Amounts payable | 17/49 | €634,118 | €620,548 | -€13,570 | -2.1% |
| Amounts payable after more than one year | 17 | €607,829 | €593,343 | -€14,486 | -2.4% |
| Financial debts | 170/4 | €228,210 | €213,724 | -€14,486 | -6.3% |
| Other amounts payable | 178/9 | €379,619 | €379,619 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,289 | €27,205 | +€916 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €20,948 | €21,554 | +€606 | +2.9% |
| Trade debts | 44 | €3,738 | - | -€3,738 | |
| Suppliers | 440/4 | €3,738 | - | -€3,738 | |
| Taxes, remuneration and social security | 45 | - | €863 | +€863 | |
| Taxes | 450/3 | - | €863 | +€863 | |
| Other amounts payable | 47/48 | €1,603 | €4,788 | +€3,185 | +198.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,384 | €37,384 | = | 0.0% |
| Other operating charges | 640/8 | €1,156 | - | -€1,156 | |
| Gross operating margin | 9900 | €27,819 | €23,853 | -€3,966 | -14.3% |
| Operating profit (loss) | 9901 | -€10,721 | -€13,531 | -€2,810 | -26.2% |
| Financial charges | 65/66B | €10,713 | €10,133 | -€580 | -5.4% |
| Recurring financial charges | 65 | €10,713 | €10,133 | -€580 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,434 | -€23,664 | -€2,230 | -10.4% |
| Profit (loss) for the period | 9904 | -€21,434 | -€23,664 | -€2,230 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,434 | -€23,664 | -€2,230 | -10.4% |
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 9 October 2026 via checked.be.