ForceVisory: 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.
ForceVisory
Largest movements
- Cash +€51,406
up €51,406 (+118.6%), from €43,329 to €94,735
mainly Net result for the year (+€110,281) and Receivables within one year (+€25,095)
- Receivables within one year -€25,095
down €25,095 (-52.5%), from €47,808 to €22,712
of which Trade receivables: -€30,595
- Financial fixed assets +€14,910
up €14,910 (+10.6%), from €140,235 to €155,145
- Stocks and contracts +€5,163
up €5,163 (+44.0%), from €11,724 to €16,886
- Reserves +€92,307
up €92,307 (+69.1%), from €133,615 to €225,922
- Other debts -€40,433
down €40,433 (-91.8%), from €44,028 to €3,595
- Tax, wage and social debts -€9,405
down €9,405 (-14.8%), from €63,385 to €53,980
- Trade debts +€3,881
up €3,881 (+203.0%), from €1,912 to €5,793
- Gross operating margin -€16,829
down €16,829 (-9.0%), from €186,067 to €169,238
- Taxes -€6,459
down €6,459 (-11.1%), from €58,358 to €51,900
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 | €246,940 | €293,290 | +€46,350 | +18.8% |
| Fixed assets | 21/28 | €141,303 | €155,622 | +€14,319 | +10.1% |
| Tangible fixed assets | 22/27 | €1,068 | €477 | -€591 | -55.3% |
| Furniture and vehicles | 24 | €1,068 | €477 | -€591 | -55.3% |
| Financial fixed assets | 28 | €140,235 | €155,145 | +€14,910 | +10.6% |
| Current assets | 29/58 | €105,637 | €137,668 | +€32,031 | +30.3% |
| Stocks and contracts in progress | 3 | €11,724 | €16,886 | +€5,163 | +44.0% |
| Stocks | 30/36 | €11,724 | €16,886 | +€5,163 | +44.0% |
| Amounts receivable within one year | 40/41 | €47,808 | €22,712 | -€25,095 | -52.5% |
| Trade receivables | 40 | €47,808 | €17,212 | -€30,595 | -64.0% |
| Other amounts receivable | 41 | - | €5,500 | +€5,500 | |
| Cash at bank and in hand | 54/58 | €43,329 | €94,735 | +€51,406 | +118.6% |
| Deferred charges and accrued income | 490/1 | €2,777 | €3,334 | +€557 | +20.1% |
| Total equity and liabilities | 10/49 | €246,940 | €293,290 | +€46,350 | +18.8% |
| Equity | 10/15 | €137,615 | €229,922 | +€92,307 | +67.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €133,615 | €225,922 | +€92,307 | +69.1% |
| Distributable reserves | 133 | €133,615 | €225,922 | +€92,307 | +69.1% |
| Amounts payable | 17/49 | €109,325 | €63,368 | -€45,957 | -42.0% |
| Amounts payable within one year | 42/48 | €109,325 | €63,368 | -€45,957 | -42.0% |
| Trade debts | 44 | €1,912 | €5,793 | +€3,881 | +203.0% |
| Suppliers | 440/4 | €1,912 | €5,793 | +€3,881 | +203.0% |
| Taxes, remuneration and social security | 45 | €63,385 | €53,980 | -€9,405 | -14.8% |
| Taxes | 450/3 | €63,385 | €53,980 | -€9,405 | -14.8% |
| Other amounts payable | 47/48 | €44,028 | €3,595 | -€40,433 | -91.8% |
| Remuneration, social security and pensions | 62 | €4,456 | €5,327 | +€870 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €591 | €591 | = | 0.0% |
| Other operating charges | 640/8 | €379 | €899 | +€520 | +137.5% |
| Gross operating margin | 9900 | €186,067 | €169,238 | -€16,829 | -9.0% |
| Operating profit (loss) | 9901 | €180,641 | €162,422 | -€18,219 | -10.1% |
| Financial charges | 65/66B | €238 | €241 | +€3 | +1.3% |
| Recurring financial charges | 65 | €238 | €241 | +€3 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €180,403 | €162,180 | -€18,222 | -10.1% |
| Income taxes | 67/77 | €58,358 | €51,900 | -€6,459 | -11.1% |
| Profit (loss) for the period | 9904 | €122,044 | €110,281 | -€11,764 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €122,044 | €110,281 | -€11,764 | -9.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.