FORCHANGE: 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.
FORCHANGE
Largest movements
- Cash +€6,651
up €6,651 (+130.4%), from €5,102 to €11,753
mainly Net result for the year (+€6,938) and Tax, wage and social debts (+€3,091)
- Receivables within one year +€1,001
up €1,001 (+9.4%), from €10,648 to €11,649
of which Other amounts receivable: +€6,838
- Tangible fixed assets +€605
up €605 (+26.4%), from €2,295 to €2,900
of which Other tangible fixed assets: +€1,768
- Deferred charges and accrued income -€431
down €431 (-26.1%), from €1,648 to €1,217
- Profit (loss) carried forward +€6,938
up €6,938 (+21.4%), from -€32,412 to -€25,475
- Tax, wage and social debts +€3,091
up €3,091 (+46.9%), from €6,590 to €9,681
- Other debts -€2,202
no longer reported in 2025 (was €2,202)
- Gross operating margin +€21,244
up €21,244, from -€9,348 to €11,895
- Depreciation -€2,535
down €2,535 (-52.5%), from €4,830 to €2,295
- Financial charges +€1,521
up €1,521 (+2991.6%), from €51 to €1,572
- Taxes +€1,239
up €1,239 (+231.6%), from €535 to €1,773
- Other operating charges -€359
no longer reported in 2025 (was €359)
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 | €19,692 | €27,519 | +€7,827 | +39.7% |
| Fixed assets | 21/28 | €2,295 | €2,900 | +€605 | +26.4% |
| Tangible fixed assets | 22/27 | €2,295 | €2,900 | +€605 | +26.4% |
| Plant, machinery and equipment | 23 | €243 | €1,132 | +€889 | +365.8% |
| Furniture and vehicles | 24 | €2,052 | - | -€2,052 | |
| Other tangible fixed assets | 26 | - | €1,768 | +€1,768 | |
| Current assets | 29/58 | €17,397 | €24,619 | +€7,222 | +41.5% |
| Amounts receivable within one year | 40/41 | €10,648 | €11,649 | +€1,001 | +9.4% |
| Trade receivables | 40 | €5,837 | - | -€5,837 | |
| Other amounts receivable | 41 | €4,811 | €11,649 | +€6,838 | +142.1% |
| Cash at bank and in hand | 54/58 | €5,102 | €11,753 | +€6,651 | +130.4% |
| Deferred charges and accrued income | 490/1 | €1,648 | €1,217 | -€431 | -26.1% |
| Total equity and liabilities | 10/49 | €19,692 | €27,519 | +€7,827 | +39.7% |
| Equity | 10/15 | €10,840 | €17,778 | +€6,938 | +64.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,652 | €24,652 | = | 0.0% |
| Distributable reserves | 133 | €24,652 | €24,652 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,412 | -€25,475 | +€6,938 | +21.4% |
| Amounts payable | 17/49 | €8,852 | €9,741 | +€889 | +10.0% |
| Amounts payable within one year | 42/48 | €8,852 | €9,741 | +€889 | +10.0% |
| Advances received on contracts in progress | 46 | €60 | €60 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €6,590 | €9,681 | +€3,091 | +46.9% |
| Taxes | 450/3 | €6,590 | €9,681 | +€3,091 | +46.9% |
| Other amounts payable | 47/48 | €2,202 | - | -€2,202 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,830 | €2,295 | -€2,535 | -52.5% |
| Other operating charges | 640/8 | €359 | - | -€359 | |
| Gross operating margin | 9900 | -€9,348 | €11,895 | +€21,244 | |
| Operating profit (loss) | 9901 | -€14,537 | €9,601 | +€24,138 | |
| Financial income | 75/76B | €712 | €682 | -€30 | -4.2% |
| Recurring financial income | 75 | €712 | €682 | -€30 | -4.2% |
| Financial charges | 65/66B | €51 | €1,572 | +€1,521 | +2991.6% |
| Recurring financial charges | 65 | €51 | €1,572 | +€1,521 | +2991.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,876 | €8,711 | +€22,587 | |
| Income taxes | 67/77 | €535 | €1,773 | +€1,239 | +231.6% |
| Profit (loss) for the period | 9904 | -€14,411 | €6,938 | +€21,348 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,411 | €6,938 | +€21,348 |
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.