FORESIGHT MANAGEMENT: what changed
Two fiscal 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.
FORESIGHT MANAGEMENT
Largest movements
- Cash -€92,723
down €92,723 (-65.4%), from €141,850 to €49,126
mainly Investment in fixed assets (net) (-€160,596) and Receivables within one year (-€15,485)
- Financial fixed assets +€90,000
up €90,000 (+16.7%), from €540,000 to €630,000
- Tangible fixed assets +€55,728
up €55,728 (+1176.1%), from €4,738 to €60,467
- Receivables within one year +€15,485
up €15,485 (+68.2%), from €22,703 to €38,187
of which Trade receivables: +€8,892
- Reserves +€38,804
up €38,804 (+15.2%), from €255,290 to €294,094
- Debts after one year +€16,597
up €16,597 (+4.5%), from €368,033 to €384,630
of which Financial debts: +€26,597
- Current portion of long-term debt +€12,211
up €12,211 (+86.5%), from €14,117 to €26,328
- Other debts -€8,864
down €8,864 (-21.7%), from €40,934 to €32,070
- Accrued charges and deferred income +€8,277
up €8,277 (+86.4%), from €9,578 to €17,855
- Financial charges +€21,100
up €21,100 (+116.7%), from €18,087 to €39,187
- Depreciation +€7,986
up €7,986 (+116.1%), from €6,881 to €14,868
- Gross operating margin -€7,294
down €7,294 (-6.6%), from €111,280 to €103,986
- Taxes -€6,713
down €6,713 (-35.6%), from €18,844 to €12,130
- Financial income +€1,928
new in 2025: €1,928
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €710,409 | €781,409 | +€71,000 | +10.0% |
| Fixed assets | 21/28 | €544,738 | €690,467 | +€145,728 | +26.8% |
| Tangible fixed assets | 22/27 | €4,738 | €60,467 | +€55,728 | +1176.1% |
| Furniture and vehicles | 24 | €4,738 | €60,467 | +€55,728 | +1176.1% |
| Financial fixed assets | 28 | €540,000 | €630,000 | +€90,000 | +16.7% |
| Current assets | 29/58 | €165,671 | €90,942 | -€74,729 | -45.1% |
| Amounts receivable within one year | 40/41 | €22,703 | €38,187 | +€15,485 | +68.2% |
| Trade receivables | 40 | €19,703 | €28,595 | +€8,892 | +45.1% |
| Other amounts receivable | 41 | €3,000 | €9,592 | +€6,592 | +219.7% |
| Cash at bank and in hand | 54/58 | €141,850 | €49,126 | -€92,723 | -65.4% |
| Deferred charges and accrued income | 490/1 | €1,119 | €3,629 | +€2,510 | +224.4% |
| Total equity and liabilities | 10/49 | €710,409 | €781,409 | +€71,000 | +10.0% |
| Equity | 10/15 | €260,290 | €299,094 | +€38,804 | +14.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €255,290 | €294,094 | +€38,804 | +15.2% |
| Distributable reserves | 133 | €255,290 | €294,094 | +€38,804 | +15.2% |
| Amounts payable | 17/49 | €450,119 | €482,315 | +€32,196 | +7.2% |
| Amounts payable after more than one year | 17 | €368,033 | €384,630 | +€16,597 | +4.5% |
| Financial debts | 170/4 | €51,033 | €77,630 | +€26,597 | +52.1% |
| Other amounts payable | 178/9 | €317,000 | €307,000 | -€10,000 | -3.2% |
| Amounts payable within one year | 42/48 | €72,509 | €79,830 | +€7,321 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €14,117 | €26,328 | +€12,211 | +86.5% |
| Trade debts | 44 | €1,743 | €7,506 | +€5,763 | +330.6% |
| Suppliers | 440/4 | €1,743 | €7,506 | +€5,763 | +330.6% |
| Taxes, remuneration and social security | 45 | €15,715 | €13,927 | -€1,788 | -11.4% |
| Taxes | 450/3 | €15,715 | €13,927 | -€1,788 | -11.4% |
| Other amounts payable | 47/48 | €40,934 | €32,070 | -€8,864 | -21.7% |
| Accrued charges and deferred income | 492/3 | €9,578 | €17,855 | +€8,277 | +86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,881 | €14,868 | +€7,986 | +116.1% |
| Other operating charges | 640/8 | €670 | €925 | +€255 | +38.0% |
| Gross operating margin | 9900 | €111,280 | €103,986 | -€7,294 | -6.6% |
| Operating profit (loss) | 9901 | €103,728 | €88,193 | -€15,535 | -15.0% |
| Financial income | 75/76B | - | €1,928 | +€1,928 | |
| Recurring financial income | 75 | - | €1,928 | +€1,928 | |
| Financial charges | 65/66B | €18,087 | €39,187 | +€21,100 | +116.7% |
| Recurring financial charges | 65 | €18,087 | €39,187 | +€21,100 | +116.7% |
| Profit (loss) for the period before taxes | 9903 | €85,641 | €50,934 | -€34,707 | -40.5% |
| Income taxes | 67/77 | €18,844 | €12,130 | -€6,713 | -35.6% |
| Profit (loss) for the period | 9904 | €66,797 | €38,804 | -€27,993 | -41.9% |
| Profit (loss) for the period to be appropriated | 9905 | €66,797 | €38,804 | -€27,993 | -41.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.