FORESEE'S: 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.
FORESEE'S
Largest movements
- Stocks and contracts -€151,221
down €151,221 (-72.7%), from €207,937 to €56,715
- Cash -€7,454
down €7,454 (-8.0%), from €93,148 to €85,694
mainly Net result for the year (-€161,029) and Tax, wage and social debts (-€213)
- Profit (loss) carried forward -€161,029
down €161,029 (-9.0%), from -€1.8m to -€2.0m
- Gross operating margin -€118,463
down €118,463 (-282%), from -€42,000 to -€160,464
- Financial income -€2,432
no longer reported in 2025 (was €2,432)
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 | €302,155 | €142,409 | -€159,746 | -52.9% |
| Current assets | 29/58 | €302,155 | €142,409 | -€159,746 | -52.9% |
| Stocks and contracts in progress | 3 | €207,937 | €56,715 | -€151,221 | -72.7% |
| Stocks | 30/36 | €207,937 | €56,715 | -€151,221 | -72.7% |
| Amounts receivable within one year | 40/41 | €1,070 | - | -€1,070 | |
| Other amounts receivable | 41 | €1,070 | - | -€1,070 | |
| Cash at bank and in hand | 54/58 | €93,148 | €85,694 | -€7,454 | -8.0% |
| Total equity and liabilities | 10/49 | €302,155 | €142,409 | -€159,746 | -52.9% |
| Equity | 10/15 | -€453,454 | -€614,483 | -€161,029 | -35.5% |
| Contributions | 10/11 | €72,500 | €72,500 | = | 0.0% |
| Capital | 10 | €72,500 | €72,500 | = | 0.0% |
| Issued capital | 100 | €72,500 | €72,500 | = | 0.0% |
| Reserves | 13 | €1,273,025 | €1,273,025 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,273,025 | €1,273,025 | = | 0.0% |
| Legal reserve | 130 | €7,250 | €7,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,265,775 | €1,265,775 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,798,979 | -€1,960,008 | -€161,029 | -9.0% |
| Amounts payable | 17/49 | €755,609 | €756,892 | +€1,283 | +0.2% |
| Amounts payable after more than one year | 17 | €755,396 | €755,396 | = | 0.0% |
| Other amounts payable | 178/9 | €755,396 | €755,396 | = | 0.0% |
| Amounts payable within one year | 42/48 | €213 | €1,496 | +€1,283 | +601% |
| Trade debts | 44 | - | €1,496 | +€1,496 | |
| Suppliers | 440/4 | - | €1,496 | +€1,496 | |
| Taxes, remuneration and social security | 45 | €213 | - | -€213 | |
| Taxes | 450/3 | €213 | - | -€213 | |
| Other operating charges | 640/8 | €1,086 | €520 | -€566 | -52.1% |
| Gross operating margin | 9900 | -€42,000 | -€160,464 | -€118,463 | -282% |
| Operating profit (loss) | 9901 | -€43,086 | -€160,983 | -€117,898 | -274% |
| Financial income | 75/76B | €2,432 | - | -€2,432 | |
| Recurring financial income | 75 | €2,432 | - | -€2,432 | |
| Financial charges | 65/66B | €24 | €45 | +€21 | +89.5% |
| Recurring financial charges | 65 | €24 | €45 | +€21 | +89.5% |
| Profit (loss) for the period before taxes | 9903 | -€40,678 | -€161,029 | -€120,351 | -296% |
| Profit (loss) for the period | 9904 | -€40,678 | -€161,029 | -€120,351 | -296% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,678 | -€161,029 | -€120,351 | -296% |
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 16 October 2026 via checked.be.