FORGE DE FAYS: what changed
What changed
FORGE DE FAYS
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
€18,721
2024 · €10,856+€7,864
Equity
€61,799
2024 · €43,078+€18,721
Cash
€4,602
2024 · €4,588+€14
Balance sheet total
€125,286
2024 · €81,606+€43,680
Largest movements
Assets
- Receivables within one year +€32,213
up €32,213 (+45.7%), from €70,564 to €102,777
of which Trade receivables: +€43,609
- Tangible fixed assets +€11,453
up €11,453 (+177%), from €6,454 to €17,907
of which Furniture and vehicles: +€12,626
Equity and liabilities
- Trade debts +€24,691
up €24,691 (+160%), from €15,446 to €40,138
- Profit (loss) carried forward +€18,721
up €18,721 (+50.5%), from €37,078 to €55,799
- Advances received -€14,582
no longer reported in 2025 (was €14,582)
- Debts after one year +€8,119
new in 2025: €8,119
- Current portion of long-term debt +€5,293
new in 2025: €5,293
Income statement
- Gross operating margin +€19,242
up €19,242 (+114%), from €16,846 to €36,087
- Taxes +€6,401
up €6,401 (+320%), from €2,000 to €8,401
- Depreciation +€1,331
up €1,331 (+60.0%), from €2,217 to €3,547
- Staff costs +€1,026
up €1,026 (+108%), from €954 to €1,980
- Other operating charges +€914
up €914 (+328%), from €278 to €1,193
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€10,856
Gross operating margin
+€19,242
Staff costs
-€1,026
Depreciation
-€1,331
Other operating charges
-€914
Other operating items
-€1,605
Financial income
+€23
Financial charges
-€123
Taxes
-€6,401
Result 2025
€18,721
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1,602
Investment
-€15,000
Financing
+€13,412
Cash 2024
€4,588
From operations (derived)
+€1,602
Net result for the year
+€18,721
Depreciation
+€3,547
Receivables within one year
-€32,213
Trade debts
+€24,691
Tax, wage and social debts
+€1,437
Advances received
-€14,582
Investment (derived)
-€15,000
Investment in fixed assets (net)
-€15,000
Financing
+€13,412
Debts after one year
+€8,119
Current portion of long-term debt
+€5,293
Cash 2025
€4,602
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,606 | €125,286 | +€43,680 | +53.5% |
| Fixed assets | 21/28 | €6,454 | €17,907 | +€11,453 | +177% |
| Tangible fixed assets | 22/27 | €6,454 | €17,907 | +€11,453 | +177% |
| Plant, machinery and equipment | 23 | €2,612 | €1,438 | -€1,174 | -44.9% |
| Furniture and vehicles | 24 | €3,842 | €16,468 | +€12,626 | +329% |
| Current assets | 29/58 | €75,152 | €107,379 | +€32,227 | +42.9% |
| Amounts receivable within one year | 40/41 | €70,564 | €102,777 | +€32,213 | +45.7% |
| Trade receivables | 40 | €46,389 | €89,997 | +€43,609 | +94.0% |
| Other amounts receivable | 41 | €24,176 | €12,780 | -€11,396 | -47.1% |
| Cash at bank and in hand | 54/58 | €4,588 | €4,602 | +€14 | +0.3% |
| Total equity and liabilities | 10/49 | €81,606 | €125,286 | +€43,680 | +53.5% |
| Equity | 10/15 | €43,078 | €61,799 | +€18,721 | +43.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,078 | €55,799 | +€18,721 | +50.5% |
| Amounts payable | 17/49 | €38,528 | €63,487 | +€24,959 | +64.8% |
| Amounts payable after more than one year | 17 | - | €8,119 | +€8,119 | |
| Financial debts | 170/4 | - | €8,119 | +€8,119 | |
| Amounts payable within one year | 42/48 | €38,528 | €55,368 | +€16,840 | +43.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,293 | +€5,293 | |
| Trade debts | 44 | €15,446 | €40,138 | +€24,691 | +160% |
| Suppliers | 440/4 | €15,446 | €40,138 | +€24,691 | +160% |
| Advances received on contracts in progress | 46 | €14,582 | - | -€14,582 | |
| Taxes, remuneration and social security | 45 | €8,500 | €9,937 | +€1,437 | +16.9% |
| Taxes | 450/3 | €8,500 | €9,937 | +€1,437 | +16.9% |
| Remuneration, social security and pensions | 62 | €954 | €1,980 | +€1,026 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,217 | €3,547 | +€1,331 | +60.0% |
| Other operating charges | 640/8 | €278 | €1,193 | +€914 | +328% |
| Non-recurring operating charges | 66A | - | €1,605 | +€1,605 | |
| Gross operating margin | 9900 | €16,846 | €36,087 | +€19,242 | +114% |
| Operating profit (loss) | 9901 | €13,397 | €27,763 | +€14,366 | +107% |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | €540 | €663 | +€123 | +22.7% |
| Recurring financial charges | 65 | €540 | €663 | +€123 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €12,856 | €27,122 | +€14,265 | +111% |
| Income taxes | 67/77 | €2,000 | €8,401 | +€6,401 | +320% |
| Profit (loss) for the period | 9904 | €10,856 | €18,721 | +€7,864 | +72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,856 | €18,721 | +€7,864 | +72.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.