Forena: 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
Forena
NACE 88.993, Social work activities without accommodation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€649,564
2024 · €948,653-€299,089
Equity
€20.1m
2024 · €18.6m+€1.5m
Cash
€4.4m
2024 · €4.3m+€90,258
Balance sheet total
€30.1m
2024 · €26.0m+€4.0m
Largest movements
Assets
- Tangible fixed assets +€2.6m
up €2.6m (+22.2%), from €11.8m to €14.4m
of which Land and buildings: +€2.2m
- Receivables within one year +€1.9m
up €1.9m (+53.1%), from €3.6m to €5.4m
of which Trade receivables: +€1.7m
- Receivables after one year -€800,000
down €800,000 (-97.4%), from €821,200 to €21,200
Equity and liabilities
- Debts within one year +€1.7m
up €1.7m (+37.4%), from €4.5m to €6.2m
of which Tax, wage and social debts: +€1.1m
- Debts after one year +€866,786
up €866,786 (+54.2%), from €1.6m to €2.5m
- Profit (loss) carried forward +€779,792
up €779,792 (+20.6%), from €3.8m to €4.6m
- Reserves +€673,173
up €673,173 (+4.6%), from €14.6m to €15.2m
Income statement
- Staff costs +€6.0m
up €6.0m (+30.5%), from €19.7m to €25.7m
- Turnover +€2.2m
up €2.2m (+15.4%), from €14.1m to €16.3m
- Services and other goods +€584,416
up €584,416 (+22.5%), from €2.6m to €3.2m
- Depreciation +€342,190
up €342,190 (+25.3%), from €1.4m to €1.7m
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
€948,653
Turnover
+€2.2m
Other operating income
-€2,713
Goods and materials
+€27,397
Services and other goods
-€584,416
Staff costs
-€6.0m
Depreciation
-€342,190
Other operating charges
-€34,852
Other operating items
+€4.5m
Financial income
-€8,688
Financial charges
-€66,205
Result 2025
€649,564
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.
From operations
+€2.7m
Investment
-€4.3m
Financing
+€1.8m
Cash 2024
€4.3m
From operations (derived)
+€2.7m
Net result for the year
+€649,564
Depreciation
+€1.7m
Receivables after one year
+€800,000
Stocks and contracts
-€200,122
Receivables within one year
-€1.9m
Smaller working-capital items
-€4,560
Debts within one year
+€1.7m
Accrued charges and deferred income
-€75,284
Investment (derived)
-€4.3m
Investment in fixed assets (net)
-€4.3m
Current investments
-€25,369
Financing
+€1.8m
Debts after one year
+€866,786
Contributions, distributions and other
+€893,012
Cash 2025
€4.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,032,179 | €30,054,824 | +€4.0m | +15.5% |
| Fixed assets | 21/28 | €11,822,755 | €14,435,203 | +€2.6m | +22.1% |
| Intangible fixed assets | 21 | €13,333 | - | -€13,333 | |
| Tangible fixed assets | 22/27 | €11,792,622 | €14,411,538 | +€2.6m | +22.2% |
| Land and buildings | 22 | €7,190,960 | €9,399,502 | +€2.2m | +30.7% |
| Plant, machinery and equipment | 23 | €4,274,507 | €4,471,137 | +€196,630 | +4.6% |
| Furniture and vehicles | 24 | €297,967 | €347,408 | +€49,441 | +16.6% |
| Assets under construction and advance payments | 27 | €29,188 | €193,491 | +€164,303 | +562.9% |
| Financial fixed assets | 28 | €16,800 | €23,665 | +€6,865 | +40.9% |
| Other financial fixed assets | 284/8 | €16,800 | €23,665 | +€6,865 | +40.9% |
| Shares | 284 | €16,361 | €16,361 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €439 | €7,304 | +€6,865 | +1563.8% |
| Current assets | 29/58 | €14,209,424 | €15,619,621 | +€1.4m | +9.9% |
| Amounts receivable after more than one year | 29 | €821,200 | €21,200 | -€800,000 | -97.4% |
| Other amounts receivable | 291 | €821,200 | €21,200 | -€800,000 | -97.4% |
| Stocks and contracts in progress | 3 | €843,224 | €1,043,346 | +€200,122 | +23.7% |
| Stocks | 30/36 | €843,224 | €1,043,346 | +€200,122 | +23.7% |
| Raw materials and consumables | 30/31 | €694,560 | €696,483 | +€1,923 | +0.3% |
| Work in progress | 32 | €13,600 | €57,034 | +€43,434 | +319.4% |
| Finished goods | 33 | €135,064 | €289,829 | +€154,765 | +114.6% |
| Amounts receivable within one year | 40/41 | €3,556,763 | €5,446,691 | +€1.9m | +53.1% |
| Trade receivables | 40 | €2,986,403 | €4,663,158 | +€1.7m | +56.1% |
| Other amounts receivable | 41 | €570,360 | €783,533 | +€213,173 | +37.4% |
| Current investments | 50/53 | €4,630,918 | €4,656,287 | +€25,369 | +0.5% |
| Cash at bank and in hand | 54/58 | €4,333,819 | €4,424,077 | +€90,258 | +2.1% |
| Deferred charges and accrued income | 490/1 | €23,500 | €28,020 | +€4,520 | +19.2% |
| Total equity and liabilities | 10/49 | €26,032,179 | €30,054,824 | +€4.0m | +15.5% |
| Equity | 10/15 | €18,586,646 | €20,129,222 | +€1.5m | +8.3% |
| Contributions | 10/11 | €37 | €37 | = | 0.0% |
| Capital | 10 | €37 | €37 | = | 0.0% |
| Reserves | 13 | €14,551,222 | €15,224,395 | +€673,173 | +4.6% |
| Profit (loss) carried forward | 14 | €3,783,547 | €4,563,339 | +€779,792 | +20.6% |
| Investment grants | 15 | €251,840 | €341,451 | +€89,611 | +35.6% |
| Provisions and deferred taxes | 16 | €1,243,906 | €1,243,866 | -€40 | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,243,906 | €1,243,866 | -€40 | 0.0% |
| Pensions and similar obligations | 160 | €105,040 | €106,000 | +€960 | +0.9% |
| Major repairs and maintenance | 162 | €632,866 | €612,866 | -€20,000 | -3.2% |
| Other liabilities and charges | 164/5 | €506,000 | €525,000 | +€19,000 | +3.8% |
| Amounts payable | 17/49 | €6,201,627 | €8,681,736 | +€2.5m | +40.0% |
| Amounts payable after more than one year | 17 | €1,600,000 | €2,466,786 | +€866,786 | +54.2% |
| Financial debts | 170/4 | €1,600,000 | €2,466,786 | +€866,786 | +54.2% |
| Credit institutions | 173 | €1,600,000 | €2,466,786 | +€866,786 | +54.2% |
| Amounts payable within one year | 42/48 | €4,520,083 | €6,208,690 | +€1.7m | +37.4% |
| Current portion of amounts payable after more than one year | 42 | €235,000 | €375,299 | +€140,299 | +59.7% |
| Trade debts | 44 | €972,589 | €1,278,759 | +€306,170 | +31.5% |
| Suppliers | 440/4 | €972,589 | €1,278,759 | +€306,170 | +31.5% |
| Advances received on contracts in progress | 46 | €16,859 | €28,135 | +€11,276 | +66.9% |
| Taxes, remuneration and social security | 45 | €2,983,172 | €4,051,468 | +€1.1m | +35.8% |
| Taxes | 450/3 | €119,676 | €210,165 | +€90,489 | +75.6% |
| Remuneration and social security | 454/9 | €2,863,496 | €3,841,303 | +€977,807 | +34.1% |
| Accrued charges and deferred income | 492/3 | €81,544 | €6,260 | -€75,284 | -92.3% |
| Operating income | 70/76A | €27,866,233 | €34,789,885 | +€6.9m | +24.8% |
| Turnover | 70 | €14,125,096 | €16,296,866 | +€2.2m | +15.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€77,313 | €198,199 | +€275,512 | |
| Membership fees, donations, legacies and grants | 73 | €13,467,594 | €17,518,640 | +€4.1m | +30.1% |
| Other operating income | 74 | €279,953 | €277,240 | -€2,713 | -1.0% |
| Non-recurring operating income | 76A | €70,903 | €498,940 | +€428,037 | +603.7% |
| Operating charges | 60/66A | €27,009,471 | €34,157,319 | +€7.1m | +26.5% |
| Goods for resale, raw materials and consumables | 60 | €3,264,403 | €3,237,006 | -€27,397 | -0.8% |
| Purchases | 600/8 | €3,347,806 | €3,238,928 | -€108,878 | -3.3% |
| Change in stocks: decrease (increase) | 609 | -€83,403 | -€1,922 | +€81,481 | +97.7% |
| Services and other goods | 61 | €2,601,876 | €3,186,292 | +€584,416 | +22.5% |
| Remuneration, social security and pensions | 62 | €19,703,850 | €25,706,717 | +€6.0m | +30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,352,358 | €1,694,548 | +€342,190 | +25.3% |
| Other operating charges | 640/8 | €59,944 | €94,796 | +€34,852 | +58.1% |
| Non-recurring operating charges | 66A | - | €238,000 | +€238,000 | |
| Operating profit (loss) | 9901 | €856,762 | €632,566 | -€224,196 | -26.2% |
| Financial income | 75/76B | €74,685 | €65,997 | -€8,688 | -11.6% |
| Recurring financial income | 75 | €74,685 | €65,997 | -€8,688 | -11.6% |
| Other financial income | 752/9 | €74,685 | €65,997 | -€8,688 | -11.6% |
| Financial charges | 65/66B | -€17,206 | €48,999 | +€66,205 | |
| Recurring financial charges | 65 | -€17,206 | €48,999 | +€66,205 | |
| Debt charges | 650 | €32,809 | €44,762 | +€11,953 | +36.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€59,137 | - | +€59,137 | |
| Other financial charges | 652/9 | €9,122 | €4,237 | -€4,885 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | €948,653 | €649,564 | -€299,089 | -31.5% |
| Profit (loss) for the period | 9904 | €948,653 | €649,564 | -€299,089 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €948,653 | €649,564 | -€299,089 | -31.5% |
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 9 October 2026 via checked.be.