FORDECO: 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.
FORDECO
Largest movements
- Cash -€30,064
down €30,064 (-17.5%), from €172,142 to €142,078
mainly Contributions, distributions and other (-€82,353) and Net result for the year (-€8,078)
- Tangible fixed assets -€3,288
down €3,288 (-31.8%), from €10,348 to €7,060
of which Furniture and vehicles: -€3,163
- Deferred charges and accrued income -€2,105
down €2,105 (-48.8%), from €4,315 to €2,210
- Reserves -€90,431
down €90,431 (-54.7%), from €165,278 to €74,847
- Other debts +€61,207
up €61,207 (+244%), from €25,104 to €86,311
- Tax, wage and social debts -€3,222
down €3,222 (-65.3%), from €4,935 to €1,713
- Trade debts -€2,895
down €2,895 (-60.1%), from €4,820 to €1,925
- Write-downs +€126,305
new in 2025: €126,305
- Gross operating margin +€68,353
up €68,353 (+114%), from €59,944 to €128,297
- Taxes -€10,767
down €10,767 (-94.8%), from €11,361 to €594
- Depreciation -€6,547
down €6,547 (-61.3%), from €10,688 to €4,141
- Financial charges +€2,399
up €2,399 (+87.2%), from €2,751 to €5,151
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 | €202,254 | €166,796 | -€35,458 | -17.5% |
| Fixed assets | 21/28 | €10,348 | €7,060 | -€3,288 | -31.8% |
| Tangible fixed assets | 22/27 | €10,348 | €7,060 | -€3,288 | -31.8% |
| Plant, machinery and equipment | 23 | €540 | €955 | +€415 | +76.9% |
| Furniture and vehicles | 24 | €6,124 | €2,961 | -€3,163 | -51.7% |
| Other tangible fixed assets | 26 | €3,684 | €3,144 | -€540 | -14.7% |
| Current assets | 29/58 | €191,906 | €159,736 | -€32,170 | -16.8% |
| Amounts receivable within one year | 40/41 | €15,450 | €15,448 | -€1 | 0.0% |
| Trade receivables | 40 | €15,450 | €1,000 | -€14,450 | -93.5% |
| Other amounts receivable | 41 | - | €14,448 | +€14,448 | |
| Cash at bank and in hand | 54/58 | €172,142 | €142,078 | -€30,064 | -17.5% |
| Deferred charges and accrued income | 490/1 | €4,315 | €2,210 | -€2,105 | -48.8% |
| Total equity and liabilities | 10/49 | €202,254 | €166,796 | -€35,458 | -17.5% |
| Equity | 10/15 | €167,278 | €76,847 | -€90,431 | -54.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €165,278 | €74,847 | -€90,431 | -54.7% |
| Distributable reserves | 133 | €165,278 | €74,847 | -€90,431 | -54.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €34,977 | €89,949 | +€54,972 | +157% |
| Amounts payable within one year | 42/48 | €34,977 | €89,949 | +€54,972 | +157% |
| Financial debts | 43 | €118 | €0 | -€118 | -100% |
| Credit institutions | 430/8 | €118 | €0 | -€118 | -100% |
| Trade debts | 44 | €4,820 | €1,925 | -€2,895 | -60.1% |
| Suppliers | 440/4 | €4,820 | €1,925 | -€2,895 | -60.1% |
| Taxes, remuneration and social security | 45 | €4,935 | €1,713 | -€3,222 | -65.3% |
| Taxes | 450/3 | €4,935 | €1,713 | -€3,222 | -65.3% |
| Other amounts payable | 47/48 | €25,104 | €86,311 | +€61,207 | +244% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,688 | €4,141 | -€6,547 | -61.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €126,305 | +€126,305 | |
| Other operating charges | 640/8 | €2,714 | €2,722 | +€8 | +0.3% |
| Non-recurring operating charges | 66A | - | €93 | +€93 | |
| Gross operating margin | 9900 | €59,944 | €128,297 | +€68,353 | +114% |
| Operating profit (loss) | 9901 | €46,542 | -€4,964 | -€51,507 | |
| Financial income | 75/76B | €2,254 | €2,631 | +€376 | +16.7% |
| Recurring financial income | 75 | €2,254 | €2,631 | +€376 | +16.7% |
| Financial charges | 65/66B | €2,751 | €5,151 | +€2,399 | +87.2% |
| Recurring financial charges | 65 | €2,751 | €5,151 | +€2,399 | +87.2% |
| Profit (loss) for the period before taxes | 9903 | €46,045 | -€7,484 | -€53,530 | |
| Income taxes | 67/77 | €11,361 | €594 | -€10,767 | -94.8% |
| Profit (loss) for the period | 9904 | €34,685 | -€8,078 | -€42,763 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,685 | -€8,078 | -€42,763 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.