FORELUX: 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.
What changed
FORELUX
NACE 01.500, Mixed farming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4,525
2024 · -€12,351+€16,876
Equity
€2.6m
2024 · €2.6m+€4,525
Cash
€136,480
2024 · €141,574-€5,094
Balance sheet total
€4.7m
2024 · €4.7m-€24,953
Largest movements
Assets
- Tangible fixed assets -€63,659
down €63,659 (-1.4%), from €4.5m to €4.4m
of which Land and buildings: -€43,276
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€43,616
up €43,616 (+24.6%), from €177,103 to €220,720
- Provisions +€12,000
no longer reported in 2025 (was -€12,000)
- Taxes +€9,675
up €9,675 (+1,535%), from €630 to €10,306
- Staff costs +€4,068
up €4,068 (+23.6%), from €17,229 to €21,297
- Other operating charges +€2,587
up €2,587 (+9.1%), from €28,465 to €31,052
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.
Result 2024
-€12,351
Gross operating margin
+€43,616
Staff costs
-€4,068
Depreciation
+€126
Provisions
-€12,000
Other operating charges
-€2,587
Other operating items
-€130
Financial income
-€415
Financial charges
+€2,008
Taxes
-€9,675
Result 2025
€4,525
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€45,893
Investment
-€32,773
Financing
-€18,214
Cash 2024
€141,574
From operations (derived)
+€45,893
Net result for the year
+€4,525
Depreciation
+€96,432
Receivables within one year
-€33,824
Deferred charges and accrued income
-€9,977
Provisions
-€5,729
Trade debts
-€44,679
Tax, wage and social debts
+€6,036
Other debts
-€1,593
Accrued charges and deferred income
+€34,702
Investment (derived)
-€32,773
Investment in fixed assets (net)
-€32,773
Financing
-€18,214
Debts after one year
-€18,214
Cash 2025
€136,480
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,697,703 | €4,672,750 | -€24,953 | -0.5% |
| Fixed assets | 21/28 | €4,480,667 | €4,417,008 | -€63,659 | -1.4% |
| Tangible fixed assets | 22/27 | €4,476,004 | €4,412,345 | -€63,659 | -1.4% |
| Land and buildings | 22 | €4,330,691 | €4,287,415 | -€43,276 | -1.0% |
| Plant, machinery and equipment | 23 | €141,778 | €122,105 | -€19,672 | -13.9% |
| Furniture and vehicles | 24 | €3,536 | €2,825 | -€711 | -20.1% |
| Financial fixed assets | 28 | €4,663 | €4,663 | = | 0.0% |
| Current assets | 29/58 | €217,035 | €255,742 | +€38,706 | +17.8% |
| Amounts receivable within one year | 40/41 | €48,317 | €82,141 | +€33,824 | +70.0% |
| Trade receivables | 40 | €38,336 | €51,143 | +€12,807 | +33.4% |
| Other amounts receivable | 41 | €9,982 | €30,998 | +€21,016 | +211% |
| Cash at bank and in hand | 54/58 | €141,574 | €136,480 | -€5,094 | -3.6% |
| Deferred charges and accrued income | 490/1 | €27,144 | €37,121 | +€9,977 | +36.8% |
| Total equity and liabilities | 10/49 | €4,697,703 | €4,672,750 | -€24,953 | -0.5% |
| Equity | 10/15 | €2,604,857 | €2,609,381 | +€4,525 | +0.2% |
| Contributions | 10/11 | €2,025,520 | €2,025,520 | = | 0.0% |
| Capital | 10 | €2,025,520 | €2,025,520 | = | 0.0% |
| Issued capital | 100 | €2,025,520 | €2,025,520 | = | 0.0% |
| Revaluation surpluses | 12 | €31,743 | €31,743 | = | 0.0% |
| Reserves | 13 | €547,928 | €552,118 | +€4,190 | +0.8% |
| Non-distributable reserves | 130/1 | €200,953 | €202,552 | +€1,599 | +0.8% |
| Legal reserve | 130 | €200,953 | €202,552 | +€1,599 | +0.8% |
| Tax-exempt reserves | 132 | €214,275 | €203,149 | -€11,126 | -5.2% |
| Distributable reserves | 133 | €132,700 | €146,417 | +€13,717 | +10.3% |
| Profit (loss) carried forward | 14 | -€335 | €0 | +€335 | |
| Provisions and deferred taxes | 16 | €100,291 | €94,563 | -€5,729 | -5.7% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €15,000 | = | 0.0% |
| Environmental obligations | 163 | €15,000 | €15,000 | = | 0.0% |
| Deferred taxes | 168 | €85,291 | €79,563 | -€5,729 | -6.7% |
| Amounts payable | 17/49 | €1,992,554 | €1,968,806 | -€23,748 | -1.2% |
| Amounts payable after more than one year | 17 | €1,254,288 | €1,236,074 | -€18,214 | -1.5% |
| Financial debts | 170/4 | €1,254,288 | €1,236,074 | -€18,214 | -1.5% |
| Amounts payable within one year | 42/48 | €720,626 | €680,390 | -€40,236 | -5.6% |
| Current portion of amounts payable after more than one year | 42 | €575,963 | €575,963 | = | 0.0% |
| Trade debts | 44 | €82,686 | €38,008 | -€44,679 | -54.0% |
| Suppliers | 440/4 | €82,686 | €38,008 | -€44,679 | -54.0% |
| Taxes, remuneration and social security | 45 | €6,444 | €12,480 | +€6,036 | +93.7% |
| Taxes | 450/3 | €2,845 | €8,966 | +€6,121 | +215% |
| Remuneration and social security | 454/9 | €3,600 | €3,514 | -€85 | -2.4% |
| Other amounts payable | 47/48 | €55,533 | €53,939 | -€1,593 | -2.9% |
| Accrued charges and deferred income | 492/3 | €17,640 | €52,342 | +€34,702 | +197% |
| Non-recurring operating income | 76A | €59 | €228 | +€169 | +288% |
| Remuneration, social security and pensions | 62 | €17,229 | €21,297 | +€4,068 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,559 | €96,432 | -€126 | -0.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€12,000 | - | +€12,000 | |
| Other operating charges | 640/8 | €28,465 | €31,052 | +€2,587 | +9.1% |
| Non-recurring operating charges | 66A | €262 | €392 | +€130 | +49.5% |
| Gross operating margin | 9900 | €177,103 | €220,720 | +€43,616 | +24.6% |
| Operating profit (loss) | 9901 | €46,588 | €71,546 | +€24,958 | +53.6% |
| Financial income | 75/76B | €1,560 | €1,145 | -€415 | -26.6% |
| Recurring financial income | 75 | €1,560 | €1,145 | -€415 | -26.6% |
| Financial charges | 65/66B | €65,598 | €63,589 | -€2,008 | -3.1% |
| Recurring financial charges | 65 | €65,598 | €63,589 | -€2,008 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | -€17,450 | €9,101 | +€26,551 | |
| Transfer from deferred taxes | 780 | €5,729 | €5,729 | = | 0.0% |
| Income taxes | 67/77 | €630 | €10,306 | +€9,675 | +1,535% |
| Profit (loss) for the period | 9904 | -€12,351 | €4,525 | +€16,876 | |
| Transfer from tax-exempt reserves | 789 | €11,126 | €11,126 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,225 | €15,650 | +€16,876 |
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.