Forge&Foundry Solutions: 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.
Forge&Foundry Solutions
Largest movements
- Cash +€130,245
up €130,245 (+244.6%), from €53,253 to €183,498
mainly Net result for the year (+€80,214) and Investment in fixed assets (net) (+€39,216)
- Tangible fixed assets -€39,735
down €39,735 (-97.3%), from €40,820 to €1,085
- Receivables within one year -€22,795
down €22,795 (-42.8%), from €53,284 to €30,489
of which Trade receivables: -€13,369
- Profit (loss) carried forward +€79,381
up €79,381 (+107.7%), from €73,716 to €153,096
- Debts after one year -€10,095
down €10,095 (-51.0%), from €19,794 to €9,699
- Tax, wage and social debts -€3,596
down €3,596 (-46.4%), from €7,755 to €4,159
of which Taxes: -€3,634
- Gross operating margin +€124,567
up €124,567 (+892.2%), from €13,963 to €138,530
- Taxes +€19,912
up €19,912 (+3072.8%), from €648 to €20,560
- Depreciation -€9,985
down €9,985 (-87.7%), from €11,388 to €1,404
- Financial income +€2,949
up €2,949 (+165.0%), from €1,787 to €4,735
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 | €152,729 | €218,255 | +€65,526 | +42.9% |
| Formation expenses | 20 | €1,304 | €783 | -€522 | -40.0% |
| Fixed assets | 21/28 | €41,183 | €1,085 | -€40,098 | -97.4% |
| Tangible fixed assets | 22/27 | €40,820 | €1,085 | -€39,735 | -97.3% |
| Furniture and vehicles | 24 | €40,820 | €1,085 | -€39,735 | -97.3% |
| Financial fixed assets | 28 | €363 | €0 | -€363 | -100.0% |
| Current assets | 29/58 | €110,242 | €216,388 | +€106,146 | +96.3% |
| Amounts receivable within one year | 40/41 | €53,284 | €30,489 | -€22,795 | -42.8% |
| Trade receivables | 40 | €36,112 | €22,742 | -€13,369 | -37.0% |
| Other amounts receivable | 41 | €17,172 | €7,746 | -€9,426 | -54.9% |
| Cash at bank and in hand | 54/58 | €53,253 | €183,498 | +€130,245 | +244.6% |
| Deferred charges and accrued income | 490/1 | €3,705 | €2,401 | -€1,304 | -35.2% |
| Total equity and liabilities | 10/49 | €152,729 | €218,255 | +€65,526 | +42.9% |
| Equity | 10/15 | €113,716 | €193,096 | +€79,381 | +69.8% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,716 | €153,096 | +€79,381 | +107.7% |
| Amounts payable | 17/49 | €39,013 | €25,159 | -€13,854 | -35.5% |
| Amounts payable after more than one year | 17 | €19,794 | €9,699 | -€10,095 | -51.0% |
| Financial debts | 170/4 | €19,794 | €9,699 | -€10,095 | -51.0% |
| Amounts payable within one year | 42/48 | €18,421 | €15,460 | -€2,962 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €9,613 | €10,095 | +€483 | +5.0% |
| Trade debts | 44 | €1,053 | €372 | -€681 | -64.6% |
| Suppliers | 440/4 | €1,053 | €372 | -€681 | -64.6% |
| Taxes, remuneration and social security | 45 | €7,755 | €4,159 | -€3,596 | -46.4% |
| Taxes | 450/3 | €5,593 | €1,959 | -€3,634 | -65.0% |
| Remuneration and social security | 454/9 | €2,163 | €2,200 | +€37 | +1.7% |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Accrued charges and deferred income | 492/3 | €797 | €0 | -€797 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,388 | €1,404 | -€9,985 | -87.7% |
| Other operating charges | 640/8 | €1,780 | €743 | -€1,037 | -58.3% |
| Non-recurring operating charges | 66A | - | €38,853 | +€38,853 | |
| Gross operating margin | 9900 | €13,963 | €138,530 | +€124,567 | +892.2% |
| Operating profit (loss) | 9901 | €794 | €97,531 | +€96,737 | +12181.3% |
| Financial income | 75/76B | €1,787 | €4,735 | +€2,949 | +165.0% |
| Recurring financial income | 75 | €1,787 | €4,735 | +€2,949 | +165.0% |
| Financial charges | 65/66B | €1,893 | €1,492 | -€401 | -21.2% |
| Recurring financial charges | 65 | €1,893 | €1,492 | -€401 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €687 | €100,774 | +€100,087 | +14560.4% |
| Income taxes | 67/77 | €648 | €20,560 | +€19,912 | +3072.8% |
| Profit (loss) for the period | 9904 | €39 | €80,214 | +€80,174 | +203643.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39 | €80,214 | +€80,174 | +203643.4% |
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 10 October 2026 via checked.be.