ForeShore: 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.
ForeShore
Largest movements
- Cash +€6,637
up €6,637 (+367%), from €1,809 to €8,446
mainly Depreciation (+€8,830) and Net result for the year (+€4,797)
- Tangible fixed assets -€6,126
down €6,126 (-20.0%), from €30,592 to €24,466
of which Furniture and vehicles: -€5,584
- Current investments +€5,477
up €5,477 (+39.0%), from €14,028 to €19,505
- Receivables within one year -€3,821
down €3,821 (-15.2%), from €25,064 to €21,243
of which Other amounts receivable: -€4,517
- Reserves +€4,797
up €4,797 (+9.0%), from €53,110 to €57,907
- Debts after one year -€4,106
no longer reported in 2025 (was €4,106)
- Tax, wage and social debts +€3,218
up €3,218 (+122%), from €2,645 to €5,863
- Current portion of long-term debt -€1,125
down €1,125 (-21.5%), from €5,231 to €4,106
- Gross operating margin +€2,741
up €2,741 (+18.4%), from €14,916 to €17,658
- Depreciation +€1,179
up €1,179 (+15.4%), from €7,651 to €8,830
- Taxes +€667
up €667 (+30.6%), from €2,182 to €2,849
- Other operating charges -€472
down €472 (-48.2%), from €979 to €507
- Financial charges -€282
down €282 (-29.5%), from €957 to €675
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 | €71,494 | €73,660 | +€2,167 | +3.0% |
| Fixed assets | 21/28 | €30,592 | €24,466 | -€6,126 | -20.0% |
| Tangible fixed assets | 22/27 | €30,592 | €24,466 | -€6,126 | -20.0% |
| Land and buildings | 22 | €4,888 | €4,347 | -€542 | -11.1% |
| Furniture and vehicles | 24 | €25,704 | €20,120 | -€5,584 | -21.7% |
| Current assets | 29/58 | €40,902 | €49,194 | +€8,292 | +20.3% |
| Amounts receivable within one year | 40/41 | €25,064 | €21,243 | -€3,821 | -15.2% |
| Trade receivables | 40 | €11,283 | €11,979 | +€696 | +6.2% |
| Other amounts receivable | 41 | €13,781 | €9,264 | -€4,517 | -32.8% |
| Current investments | 50/53 | €14,028 | €19,505 | +€5,477 | +39.0% |
| Cash at bank and in hand | 54/58 | €1,809 | €8,446 | +€6,637 | +367% |
| Total equity and liabilities | 10/49 | €71,494 | €73,660 | +€2,167 | +3.0% |
| Equity | 10/15 | €54,110 | €58,907 | +€4,797 | +8.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €53,110 | €57,907 | +€4,797 | +9.0% |
| Distributable reserves | 133 | €53,110 | €57,907 | +€4,797 | +9.0% |
| Amounts payable | 17/49 | €17,384 | €14,754 | -€2,630 | -15.1% |
| Amounts payable after more than one year | 17 | €4,106 | - | -€4,106 | |
| Financial debts | 170/4 | €4,106 | - | -€4,106 | |
| Amounts payable within one year | 42/48 | €13,278 | €14,754 | +€1,476 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €5,231 | €4,106 | -€1,125 | -21.5% |
| Trade debts | 44 | €5,402 | €4,785 | -€617 | -11.4% |
| Suppliers | 440/4 | €5,402 | €4,785 | -€617 | -11.4% |
| Taxes, remuneration and social security | 45 | €2,645 | €5,863 | +€3,218 | +122% |
| Taxes | 450/3 | €2,645 | €5,863 | +€3,218 | +122% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,651 | €8,830 | +€1,179 | +15.4% |
| Other operating charges | 640/8 | €979 | €507 | -€472 | -48.2% |
| Gross operating margin | 9900 | €14,916 | €17,658 | +€2,741 | +18.4% |
| Operating profit (loss) | 9901 | €6,286 | €8,320 | +€2,035 | +32.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €957 | €675 | -€282 | -29.5% |
| Recurring financial charges | 65 | €957 | €675 | -€282 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €5,329 | €7,646 | +€2,317 | +43.5% |
| Income taxes | 67/77 | €2,182 | €2,849 | +€667 | +30.6% |
| Profit (loss) for the period | 9904 | €3,147 | €4,797 | +€1,650 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,147 | €4,797 | +€1,650 | +52.4% |
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 18 October 2026 via checked.be.