FORECAST CONSULTING: 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.
FORECAST CONSULTING
Largest movements
- Cash +€1.2m
up €1.2m (+145%), from €848,973 to €2.1m
mainly Net result for the year (+€2.0m) and Tax, wage and social debts (+€609,749)
- Financial fixed assets +€718,875
up €718,875 (+22.9%), from €3.1m to €3.9m
- Intangible fixed assets +€591,150
up €591,150 (+152%), from €387,878 to €979,028
- Receivables within one year +€89,470
up €89,470 (+37.2%), from €240,472 to €329,942
of which Other amounts receivable: +€55,930
- Profit (loss) carried forward +€1.2m
up €1.2m (+29.4%), from €3.9m to €5.1m
- Reserves +€842,000
up €842,000 (+12,382%), from €6,800 to €848,800
of which Tax-exempt reserves: +€842,000
- Tax, wage and social debts +€609,749
up €609,749 (+95.7%), from €637,152 to €1.2m
of which Taxes: +€470,793
- Gross operating margin +€991,167
up €991,167 (+35.6%), from €2.8m to €3.8m
- Staff costs +€565,989
up €565,989 (+131%), from €431,353 to €997,343
- Depreciation +€127,613
up €127,613 (+224%), from €56,987 to €184,599
- Taxes +€77,038
up €77,038 (+13.3%), from €579,374 to €656,412
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 | €4,758,870 | €7,407,448 | +€2.6m | +55.7% |
| Fixed assets | 21/28 | €3,623,439 | €4,930,370 | +€1.3m | +36.1% |
| Intangible fixed assets | 21 | €387,878 | €979,028 | +€591,150 | +152% |
| Tangible fixed assets | 22/27 | €99,572 | €96,478 | -€3,094 | -3.1% |
| Furniture and vehicles | 24 | €97,972 | €94,878 | -€3,094 | -3.2% |
| Other tangible fixed assets | 26 | €1,600 | €1,600 | = | 0.0% |
| Financial fixed assets | 28 | €3,135,989 | €3,854,864 | +€718,875 | +22.9% |
| Current assets | 29/58 | €1,135,431 | €2,477,078 | +€1.3m | +118% |
| Amounts receivable within one year | 40/41 | €240,472 | €329,942 | +€89,470 | +37.2% |
| Trade receivables | 40 | €140,758 | €174,299 | +€33,541 | +23.8% |
| Other amounts receivable | 41 | €99,714 | €155,643 | +€55,930 | +56.1% |
| Cash at bank and in hand | 54/58 | €848,973 | €2,077,907 | +€1.2m | +145% |
| Deferred charges and accrued income | 490/1 | €45,987 | €69,228 | +€23,241 | +50.5% |
| Total equity and liabilities | 10/49 | €4,758,870 | €7,407,448 | +€2.6m | +55.7% |
| Equity | 10/15 | €4,000,832 | €5,996,249 | +€2.0m | +49.9% |
| Contributions | 10/11 | €68,000 | €68,000 | = | 0.0% |
| Capital | 10 | €68,000 | €68,000 | = | 0.0% |
| Issued capital | 100 | €68,000 | €68,000 | = | 0.0% |
| Reserves | 13 | €6,800 | €848,800 | +€842,000 | +12,382% |
| Non-distributable reserves | 130/1 | €6,800 | €6,800 | = | 0.0% |
| Legal reserve | 130 | €6,800 | €6,800 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €842,000 | +€842,000 | |
| Profit (loss) carried forward | 14 | €3,926,032 | €5,079,449 | +€1.2m | +29.4% |
| Amounts payable | 17/49 | €758,038 | €1,411,198 | +€653,160 | +86.2% |
| Amounts payable within one year | 42/48 | €757,655 | €1,411,198 | +€653,543 | +86.3% |
| Trade debts | 44 | €120,503 | €164,298 | +€43,795 | +36.3% |
| Suppliers | 440/4 | €120,503 | €164,298 | +€43,795 | +36.3% |
| Taxes, remuneration and social security | 45 | €637,152 | €1,246,901 | +€609,749 | +95.7% |
| Taxes | 450/3 | €583,816 | €1,054,609 | +€470,793 | +80.6% |
| Remuneration and social security | 454/9 | €53,336 | €192,292 | +€138,956 | +261% |
| Accrued charges and deferred income | 492/3 | €383 | €0 | -€383 | -100% |
| Non-recurring operating income | 76A | €591 | €437 | -€154 | -26.0% |
| Remuneration, social security and pensions | 62 | €431,353 | €997,343 | +€565,989 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,987 | €184,599 | +€127,613 | +224% |
| Other operating charges | 640/8 | €779 | €1,802 | +€1,022 | +131% |
| Non-recurring operating charges | 66A | - | €1,120 | +€1,120 | |
| Gross operating margin | 9900 | €2,781,829 | €3,772,996 | +€991,167 | +35.6% |
| Operating profit (loss) | 9901 | €2,292,709 | €2,588,132 | +€295,422 | +12.9% |
| Financial income | 75/76B | €97,318 | €70,590 | -€26,728 | -27.5% |
| Recurring financial income | 75 | €97,318 | €70,590 | -€26,728 | -27.5% |
| Financial charges | 65/66B | €5,459 | €6,892 | +€1,433 | +26.3% |
| Recurring financial charges | 65 | €5,459 | €6,892 | +€1,433 | +26.3% |
| Profit (loss) for the period before taxes | 9903 | €2,384,569 | €2,651,830 | +€267,261 | +11.2% |
| Income taxes | 67/77 | €579,374 | €656,412 | +€77,038 | +13.3% |
| Profit (loss) for the period | 9904 | €1,805,194 | €1,995,417 | +€190,223 | +10.5% |
| Transfer to tax-exempt reserves | 689 | - | €842,000 | +€842,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,805,194 | €1,153,417 | -€651,777 | -36.1% |
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 18 October 2026 via checked.be.