FORCYD BE: 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.
FORCYD BE
Largest movements
- Receivables within one year +€438,036
up €438,036 (+296%), from €148,203 to €586,240
of which Trade receivables: +€432,451
- Cash -€49,719
down €49,719 (-96.0%), from €51,770 to €2,051
mainly Receivables within one year (-€438,036) and Tax, wage and social debts (-€13,543)
- Trade debts +€220,782
up €220,782 (+155%), from €142,676 to €363,459
- Other debts +€151,249
up €151,249 (+155%), from €97,670 to €248,920
- Accrued charges and deferred income +€26,015
new in 2025: €26,015
- Tax, wage and social debts -€13,543
down €13,543 (-34.3%), from €39,473 to €25,930
of which Remuneration and social security: -€11,082
- Profit (loss) carried forward +€8,507
up €8,507 (+9.8%), from -€86,976 to -€78,469
- Gross operating margin +€76,064
up €76,064 (+70.6%), from €107,760 to €183,824
- Staff costs -€17,722
down €17,722 (-9.6%), from €184,495 to €166,773
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 | €199,973 | €592,983 | +€393,010 | +197% |
| Current assets | 29/58 | €199,973 | €592,983 | +€393,010 | +197% |
| Amounts receivable within one year | 40/41 | €148,203 | €586,240 | +€438,036 | +296% |
| Trade receivables | 40 | €146,494 | €578,944 | +€432,451 | +295% |
| Other amounts receivable | 41 | €1,709 | €7,295 | +€5,586 | +327% |
| Cash at bank and in hand | 54/58 | €51,770 | €2,051 | -€49,719 | -96.0% |
| Deferred charges and accrued income | 490/1 | €0 | €4,692 | +€4,692 | |
| Total equity and liabilities | 10/49 | €199,973 | €592,983 | +€393,010 | +197% |
| Equity | 10/15 | -€79,847 | -€71,341 | +€8,507 | +10.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €7,029 | €7,029 | = | 0.0% |
| Distributable reserves | 133 | €7,029 | €7,029 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€86,976 | -€78,469 | +€8,507 | +9.8% |
| Amounts payable | 17/49 | €279,820 | €664,324 | +€384,503 | +137% |
| Amounts payable within one year | 42/48 | €279,820 | €638,309 | +€358,488 | +128% |
| Trade debts | 44 | €142,676 | €363,459 | +€220,782 | +155% |
| Suppliers | 440/4 | €142,676 | €363,459 | +€220,782 | +155% |
| Taxes, remuneration and social security | 45 | €39,473 | €25,930 | -€13,543 | -34.3% |
| Taxes | 450/3 | €18,592 | €16,130 | -€2,462 | -13.2% |
| Remuneration and social security | 454/9 | €20,882 | €9,800 | -€11,082 | -53.1% |
| Other amounts payable | 47/48 | €97,670 | €248,920 | +€151,249 | +155% |
| Accrued charges and deferred income | 492/3 | - | €26,015 | +€26,015 | |
| Remuneration, social security and pensions | 62 | €184,495 | €166,773 | -€17,722 | -9.6% |
| Other operating charges | 640/8 | €1,287 | €1,598 | +€312 | +24.2% |
| Gross operating margin | 9900 | €107,760 | €183,824 | +€76,064 | +70.6% |
| Operating profit (loss) | 9901 | -€78,021 | €15,453 | +€93,474 | |
| Financial income | 75/76B | - | €261 | +€261 | |
| Recurring financial income | 75 | - | €261 | +€261 | |
| Financial charges | 65/66B | €8,734 | €6,995 | -€1,739 | -19.9% |
| Recurring financial charges | 65 | €8,734 | €6,995 | -€1,739 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | -€86,755 | €8,719 | +€95,474 | |
| Income taxes | 67/77 | €221 | €213 | -€8 | -3.7% |
| Profit (loss) for the period | 9904 | -€86,976 | €8,507 | +€95,483 | |
| Profit (loss) for the period to be appropriated | 9905 | -€86,976 | €8,507 | +€95,483 |
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 29 October 2026 via checked.be.