FORETBOT: 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.
FORETBOT
Largest movements
- Tangible fixed assets -€36,882
down €36,882 (-25.3%), from €145,817 to €108,935
- Cash +€36,073
up €36,073 (+33.5%), from €107,672 to €143,745
mainly Depreciation (+€51,396) and Receivables within one year (+€29,235)
- Receivables within one year -€29,235
down €29,235 (-23.7%), from €123,601 to €94,366
of which Trade receivables: -€31,103
- Debts after one year -€33,063
down €33,063 (-37.3%), from €88,671 to €55,608
- Other debts -€17,332
no longer reported in 2026 (was €17,332)
- Reserves +€13,467
up €13,467 (+6.8%), from €198,560 to €212,027
of which Distributable reserves: +€13,467
- Current portion of long-term debt +€12,024
up €12,024 (+38.0%), from €31,628 to €43,652
- Tax, wage and social debts -€7,071
down €7,071 (-39.8%), from €17,757 to €10,686
- Gross operating margin -€22,812
down €22,812 (-21.8%), from €104,757 to €81,945
- Taxes -€6,813
down €6,813 (-43.8%), from €15,557 to €8,744
- Financial charges +€3,864
up €3,864 (+145%), from €2,660 to €6,524
- Depreciation +€1,166
up €1,166 (+2.3%), from €50,230 to €51,396
- Staff costs -€1,133
down €1,133 (-100%), from €1,133 to €0
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €378,817 | €351,196 | -€27,621 | -7.3% |
| Fixed assets | 21/28 | €146,302 | €109,420 | -€36,882 | -25.2% |
| Tangible fixed assets | 22/27 | €145,817 | €108,935 | -€36,882 | -25.3% |
| Land and buildings | 22 | €54,883 | €49,504 | -€5,379 | -9.8% |
| Plant, machinery and equipment | 23 | €29,807 | €12,433 | -€17,373 | -58.3% |
| Furniture and vehicles | 24 | €22,862 | €19,695 | -€3,167 | -13.9% |
| Leasing and similar rights | 25 | €38,265 | €27,302 | -€10,963 | -28.6% |
| Financial fixed assets | 28 | €485 | €485 | = | 0.0% |
| Current assets | 29/58 | €232,515 | €241,776 | +€9,261 | +4.0% |
| Amounts receivable within one year | 40/41 | €123,601 | €94,366 | -€29,235 | -23.7% |
| Trade receivables | 40 | €115,059 | €83,957 | -€31,103 | -27.0% |
| Other amounts receivable | 41 | €8,542 | €10,410 | +€1,867 | +21.9% |
| Cash at bank and in hand | 54/58 | €107,672 | €143,745 | +€36,073 | +33.5% |
| Deferred charges and accrued income | 490/1 | €1,241 | €3,665 | +€2,423 | +195% |
| Total equity and liabilities | 10/49 | €378,817 | €351,196 | -€27,621 | -7.3% |
| Equity | 10/15 | €218,560 | €232,027 | +€13,467 | +6.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €198,560 | €212,027 | +€13,467 | +6.8% |
| Tax-exempt reserves | 132 | €1,367 | €1,367 | = | 0.0% |
| Distributable reserves | 133 | €197,193 | €210,660 | +€13,467 | +6.8% |
| Amounts payable | 17/49 | €160,256 | €119,169 | -€41,088 | -25.6% |
| Amounts payable after more than one year | 17 | €88,671 | €55,608 | -€33,063 | -37.3% |
| Financial debts | 170/4 | €88,671 | €55,608 | -€33,063 | -37.3% |
| Amounts payable within one year | 42/48 | €71,585 | €63,560 | -€8,025 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €31,628 | €43,652 | +€12,024 | +38.0% |
| Trade debts | 44 | €4,869 | €9,223 | +€4,354 | +89.4% |
| Suppliers | 440/4 | €4,869 | €9,223 | +€4,354 | +89.4% |
| Taxes, remuneration and social security | 45 | €17,757 | €10,686 | -€7,071 | -39.8% |
| Taxes | 450/3 | €17,757 | €10,686 | -€7,071 | -39.8% |
| Other amounts payable | 47/48 | €17,332 | - | -€17,332 | |
| Non-recurring operating income | 76A | - | €8,819 | +€8,819 | |
| Remuneration, social security and pensions | 62 | €1,133 | €0 | -€1,133 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,230 | €51,396 | +€1,166 | +2.3% |
| Other operating charges | 640/8 | €2,067 | €2,143 | +€76 | +3.7% |
| Gross operating margin | 9900 | €104,757 | €81,945 | -€22,812 | -21.8% |
| Operating profit (loss) | 9901 | €51,327 | €28,406 | -€22,921 | -44.7% |
| Financial income | 75/76B | €160 | €329 | +€168 | +105% |
| Recurring financial income | 75 | €160 | €329 | +€168 | +105% |
| Financial charges | 65/66B | €2,660 | €6,524 | +€3,864 | +145% |
| Recurring financial charges | 65 | €2,660 | €6,524 | +€3,864 | +145% |
| Profit (loss) for the period before taxes | 9903 | €48,827 | €22,211 | -€26,616 | -54.5% |
| Income taxes | 67/77 | €15,557 | €8,744 | -€6,813 | -43.8% |
| Profit (loss) for the period | 9904 | €33,270 | €13,467 | -€19,803 | -59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,270 | €13,467 | -€19,803 | -59.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.