FORGANISER: 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.
FORGANISER
Largest movements
- Intangible fixed assets +€320,667
up €320,667 (+124%), from €258,963 to €579,630
- Other debts +€310,082
up €310,082 (+377%), from €82,206 to €392,288
- Trade debts +€52,023
up €52,023 (+697%), from €7,461 to €59,484
- Profit (loss) carried forward -€21,899
down €21,899 (-0.8%), from -€2.7m to -€2.7m
- Tax, wage and social debts -€17,570
down €17,570 (-36.4%), from €48,279 to €30,709
of which Taxes: -€8,950
- Gross operating margin +€105,773
up €105,773 (+48.9%), from €216,210 to €321,983
- Depreciation -€17,341
down €17,341 (-18.0%), from €96,489 to €79,148
- Staff costs -€14,195
down €14,195 (-5.1%), from €277,523 to €263,328
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 | €302,965 | €625,601 | +€322,636 | +106% |
| Fixed assets | 21/28 | €262,881 | €581,459 | +€318,578 | +121% |
| Intangible fixed assets | 21 | €258,963 | €579,630 | +€320,667 | +124% |
| Tangible fixed assets | 22/27 | €3,668 | €1,579 | -€2,089 | -57.0% |
| Plant, machinery and equipment | 23 | €3,668 | €1,579 | -€2,089 | -57.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €40,084 | €44,142 | +€4,058 | +10.1% |
| Amounts receivable within one year | 40/41 | €36,336 | €42,386 | +€6,050 | +16.7% |
| Trade receivables | 40 | €36,065 | €38,369 | +€2,304 | +6.4% |
| Other amounts receivable | 41 | €271 | €4,017 | +€3,746 | +1,382% |
| Cash at bank and in hand | 54/58 | €1,689 | €1,756 | +€67 | +4.0% |
| Deferred charges and accrued income | 490/1 | €2,059 | - | -€2,059 | |
| Total equity and liabilities | 10/49 | €302,965 | €625,601 | +€322,636 | +106% |
| Equity | 10/15 | €165,019 | €143,120 | -€21,899 | -13.3% |
| Contributions | 10/11 | €2,892,468 | €2,892,468 | = | 0.0% |
| Capital | 10 | €2,892,468 | €2,892,468 | = | 0.0% |
| Issued capital | 100 | €2,892,468 | €2,892,468 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,727,449 | -€2,749,348 | -€21,899 | -0.8% |
| Amounts payable | 17/49 | €137,946 | €482,481 | +€344,535 | +250% |
| Amounts payable within one year | 42/48 | €137,946 | €482,481 | +€344,535 | +250% |
| Trade debts | 44 | €7,461 | €59,484 | +€52,023 | +697% |
| Suppliers | 440/4 | €7,461 | €59,484 | +€52,023 | +697% |
| Taxes, remuneration and social security | 45 | €48,279 | €30,709 | -€17,570 | -36.4% |
| Taxes | 450/3 | €8,950 | - | -€8,950 | |
| Remuneration and social security | 454/9 | €39,329 | €30,709 | -€8,620 | -21.9% |
| Other amounts payable | 47/48 | €82,206 | €392,288 | +€310,082 | +377% |
| Remuneration, social security and pensions | 62 | €277,523 | €263,328 | -€14,195 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,489 | €79,148 | -€17,341 | -18.0% |
| Other operating charges | 640/8 | €154 | €1,094 | +€940 | +610% |
| Gross operating margin | 9900 | €216,210 | €321,983 | +€105,773 | +48.9% |
| Operating profit (loss) | 9901 | -€157,956 | -€21,587 | +€136,369 | +86.3% |
| Financial income | 75/76B | €830 | €171 | -€659 | -79.4% |
| Recurring financial income | 75 | €830 | €171 | -€659 | -79.4% |
| Financial charges | 65/66B | - | €483 | +€483 | |
| Recurring financial charges | 65 | - | €483 | +€483 | |
| Profit (loss) for the period before taxes | 9903 | -€157,126 | -€21,899 | +€135,227 | +86.1% |
| Profit (loss) for the period | 9904 | -€157,126 | -€21,899 | +€135,227 | +86.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€157,126 | -€21,899 | +€135,227 | +86.1% |
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 14 October 2026 via checked.be.