FOREVER AFTER: 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.
FOREVER AFTER
Largest movements
- Tangible fixed assets -€23,297
down €23,297 (-6.0%), from €387,746 to €364,449
of which Furniture and vehicles: -€15,281
- Receivables within one year -€18,293
down €18,293 (-28.8%), from €63,554 to €45,261
of which Other amounts receivable: -€12,059
- Debts after one year -€36,589
down €36,589 (-13.5%), from €271,415 to €234,826
- Tax, wage and social debts -€6,991
down €6,991 (-34.7%), from €20,135 to €13,144
of which Remuneration and social security: -€5,406
- Reserves +€5,634
up €5,634 (+5.7%), from €98,138 to €103,772
- Trade debts -€5,598
down €5,598 (-26.6%), from €21,073 to €15,474
- Staff costs -€30,855
down €30,855 (-37.5%), from €82,183 to €51,329
- Write-downs -€7,286
down €7,286, from €4,252 to -€3,034
- Gross operating margin -€6,260
down €6,260 (-5.8%), from €108,318 to €102,059
- Other operating charges +€5,718
up €5,718 (+327%), from €1,749 to €7,467
- Financial charges -€2,665
down €2,665 (-35.8%), from €7,454 to €4,789
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 | €469,373 | €427,509 | -€41,864 | -8.9% |
| Fixed assets | 21/28 | €388,749 | €364,775 | -€23,974 | -6.2% |
| Intangible fixed assets | 21 | €1,002 | €325 | -€677 | -67.5% |
| Tangible fixed assets | 22/27 | €387,746 | €364,449 | -€23,297 | -6.0% |
| Land and buildings | 22 | €365,168 | €356,626 | -€8,542 | -2.3% |
| Plant, machinery and equipment | 23 | - | €527 | +€527 | |
| Furniture and vehicles | 24 | €22,578 | €7,297 | -€15,281 | -67.7% |
| Current assets | 29/58 | €80,625 | €62,734 | -€17,890 | -22.2% |
| Amounts receivable within one year | 40/41 | €63,554 | €45,261 | -€18,293 | -28.8% |
| Trade receivables | 40 | €48,587 | €42,354 | -€6,234 | -12.8% |
| Other amounts receivable | 41 | €14,967 | €2,907 | -€12,059 | -80.6% |
| Cash at bank and in hand | 54/58 | €10,797 | €10,657 | -€140 | -1.3% |
| Deferred charges and accrued income | 490/1 | €6,274 | €6,817 | +€543 | +8.7% |
| Total equity and liabilities | 10/49 | €469,373 | €427,509 | -€41,864 | -8.9% |
| Equity | 10/15 | €101,493 | €109,972 | +€8,479 | +8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €98,138 | €103,772 | +€5,634 | +5.7% |
| Distributable reserves | 133 | €98,138 | €103,772 | +€5,634 | +5.7% |
| Profit (loss) carried forward | 14 | -€2,845 | - | +€2,845 | |
| Amounts payable | 17/49 | €367,880 | €317,537 | -€50,343 | -13.7% |
| Amounts payable after more than one year | 17 | €271,415 | €234,826 | -€36,589 | -13.5% |
| Financial debts | 170/4 | €271,415 | €234,826 | -€36,589 | -13.5% |
| Amounts payable within one year | 42/48 | €94,799 | €82,225 | -€12,574 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €36,174 | €36,589 | +€415 | +1.1% |
| Trade debts | 44 | €21,073 | €15,474 | -€5,598 | -26.6% |
| Suppliers | 440/4 | €21,073 | €15,474 | -€5,598 | -26.6% |
| Advances received on contracts in progress | 46 | €805 | €1,319 | +€515 | +64.0% |
| Taxes, remuneration and social security | 45 | €20,135 | €13,144 | -€6,991 | -34.7% |
| Taxes | 450/3 | €9,560 | €7,974 | -€1,586 | -16.6% |
| Remuneration and social security | 454/9 | €10,575 | €5,170 | -€5,406 | -51.1% |
| Other amounts payable | 47/48 | €16,613 | €15,699 | -€914 | -5.5% |
| Accrued charges and deferred income | 492/3 | €1,666 | €486 | -€1,180 | -70.8% |
| Remuneration, social security and pensions | 62 | €82,183 | €51,329 | -€30,855 | -37.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,106 | €31,775 | +€670 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,252 | -€3,034 | -€7,286 | |
| Other operating charges | 640/8 | €1,749 | €7,467 | +€5,718 | +327% |
| Gross operating margin | 9900 | €108,318 | €102,059 | -€6,260 | -5.8% |
| Operating profit (loss) | 9901 | -€10,971 | €14,523 | +€25,494 | |
| Financial income | 75/76B | €32 | €299 | +€267 | +837% |
| Recurring financial income | 75 | €32 | €299 | +€267 | +837% |
| Financial charges | 65/66B | €7,454 | €4,789 | -€2,665 | -35.8% |
| Recurring financial charges | 65 | €7,454 | €4,789 | -€2,665 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,393 | €10,032 | +€28,425 | |
| Income taxes | 67/77 | €149 | €720 | +€571 | +383% |
| Profit (loss) for the period | 9904 | -€18,542 | €9,312 | +€27,854 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,542 | €9,312 | +€27,854 |
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 17 October 2026 via checked.be.