FORCOLA: 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.
FORCOLA
Largest movements
- Stocks and contracts +€416,047
up €416,047 (+110.0%), from €378,393 to €794,439
- Receivables within one year -€39,084
down €39,084 (-100.0%), from €39,084 to €0
of which Trade receivables: -€30,770
- Tangible fixed assets -€25,562
down €25,562 (-3.1%), from €827,889 to €802,328
of which Land and buildings: -€42,537
- Short-term financial debts +€362,858
new in 2025: €362,858
- Profit (loss) carried forward -€132,229
down €132,229 (-72.3%), from -€182,764 to -€314,993
- Other debts +€118,612
up €118,612 (+8.6%), from €1.4m to €1.5m
- Depreciation -€52,520
down €52,520 (-52.5%), from €100,019 to €47,499
- Gross operating margin -€43,732
down €43,732, from €41,963 to -€1,769
- Financial charges -€34,991
down €34,991 (-30.2%), from €115,848 to €80,857
- Other operating charges -€4,176
down €4,176 (-44.3%), from €9,416 to €5,240
- Financial income +€2,581
up €2,581 (+464.1%), from €556 to €3,137
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 | €1,249,057 | €1,605,326 | +€356,269 | +28.5% |
| Fixed assets | 21/28 | €827,889 | €802,328 | -€25,562 | -3.1% |
| Tangible fixed assets | 22/27 | €827,889 | €802,328 | -€25,562 | -3.1% |
| Land and buildings | 22 | €816,240 | €773,703 | -€42,537 | -5.2% |
| Furniture and vehicles | 24 | €11,649 | €28,625 | +€16,976 | +145.7% |
| Current assets | 29/58 | €421,168 | €802,998 | +€381,830 | +90.7% |
| Stocks and contracts in progress | 3 | €378,393 | €794,439 | +€416,047 | +110.0% |
| Stocks | 30/36 | €378,393 | €794,439 | +€416,047 | +110.0% |
| Amounts receivable within one year | 40/41 | €39,084 | €0 | -€39,084 | -100.0% |
| Trade receivables | 40 | €30,770 | €0 | -€30,770 | -100.0% |
| Other amounts receivable | 41 | €8,314 | €0 | -€8,314 | -100.0% |
| Cash at bank and in hand | 54/58 | €2,537 | €2,369 | -€168 | -6.6% |
| Deferred charges and accrued income | 490/1 | €1,155 | €6,190 | +€5,035 | +436.0% |
| Total equity and liabilities | 10/49 | €1,249,057 | €1,605,326 | +€356,269 | +28.5% |
| Equity | 10/15 | -€180,764 | -€312,993 | -€132,229 | -73.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€182,764 | -€314,993 | -€132,229 | -72.3% |
| Amounts payable | 17/49 | €1,429,821 | €1,918,319 | +€488,497 | +34.2% |
| Amounts payable within one year | 42/48 | €1,429,821 | €1,918,319 | +€488,497 | +34.2% |
| Financial debts | 43 | - | €362,858 | +€362,858 | |
| Credit institutions | 430/8 | - | €362,858 | +€362,858 | |
| Trade debts | 44 | €50,767 | €45,144 | -€5,622 | -11.1% |
| Suppliers | 440/4 | €50,767 | €45,144 | -€5,622 | -11.1% |
| Taxes, remuneration and social security | 45 | - | €12,650 | +€12,650 | |
| Taxes | 450/3 | - | €12,650 | +€12,650 | |
| Other amounts payable | 47/48 | €1,379,055 | €1,497,667 | +€118,612 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,019 | €47,499 | -€52,520 | -52.5% |
| Other operating charges | 640/8 | €9,416 | €5,240 | -€4,176 | -44.3% |
| Gross operating margin | 9900 | €41,963 | -€1,769 | -€43,732 | |
| Operating profit (loss) | 9901 | -€67,472 | -€54,509 | +€12,964 | +19.2% |
| Financial income | 75/76B | €556 | €3,137 | +€2,581 | +464.1% |
| Recurring financial income | 75 | €556 | €3,137 | +€2,581 | +464.1% |
| Financial charges | 65/66B | €115,848 | €80,857 | -€34,991 | -30.2% |
| Recurring financial charges | 65 | €115,848 | €80,857 | -€34,991 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | -€182,764 | -€132,229 | +€50,535 | +27.7% |
| Profit (loss) for the period | 9904 | -€182,764 | -€132,229 | +€50,535 | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€182,764 | -€132,229 | +€50,535 | +27.7% |
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 1 October 2026 via checked.be.