FORGREEN: what changed
Two fiscal 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.
FORGREEN
Largest movements
- Cash -€18,233
down €18,233 (-96.8%), from €18,844 to €611
mainly Contributions, distributions and other (-€65,999) and Trade debts (-€1,635)
- Tangible fixed assets -€5,127
down €5,127 (-50.0%), from €10,254 to €5,127
- Reserves -€54,056
down €54,056 (-49.6%), from €108,952 to €54,896
- Other debts +€31,443
up €31,443 (+651.3%), from €4,828 to €36,271
- Financial income +€5,285
up €5,285 (+612.4%), from €863 to €6,148
- Turnover +€5,217
up €5,217 (+34.0%), from €15,324 to €20,541
- Gross operating margin +€4,812
up €4,812 (+39.3%), from €12,230 to €17,042
- Taxes +€3,300
up €3,300 (+138.2%), from €2,389 to €5,689
- Purchases and services +€404
up €404 (+13.1%), from €3,094 to €3,498
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 | €234,340 | €209,728 | -€24,612 | -10.5% |
| Fixed assets | 21/28 | €10,254 | €5,127 | -€5,127 | -50.0% |
| Tangible fixed assets | 22/27 | €10,254 | €5,127 | -€5,127 | -50.0% |
| Plant, machinery and equipment | 23 | €10,254 | €5,127 | -€5,127 | -50.0% |
| Current assets | 29/58 | €224,086 | €204,601 | -€19,485 | -8.7% |
| Amounts receivable within one year | 40/41 | €5,300 | €3,823 | -€1,477 | -27.9% |
| Trade receivables | 40 | €5,300 | €2,659 | -€2,641 | -49.8% |
| Other amounts receivable | 41 | - | €1,164 | +€1,164 | |
| Current investments | 50/53 | €199,872 | €200,000 | +€128 | +0.1% |
| Cash at bank and in hand | 54/58 | €18,844 | €611 | -€18,233 | -96.8% |
| Deferred charges and accrued income | 490/1 | €70 | €168 | +€98 | +139.4% |
| Total equity and liabilities | 10/49 | €234,340 | €209,728 | -€24,612 | -10.5% |
| Equity | 10/15 | €223,527 | €169,471 | -€54,056 | -24.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €108,952 | €54,896 | -€54,056 | -49.6% |
| Distributable reserves | 133 | €108,952 | €54,896 | -€54,056 | -49.6% |
| Profit (loss) carried forward | 14 | €102,175 | €102,175 | +€0 | 0.0% |
| Amounts payable | 17/49 | €10,813 | €40,257 | +€29,444 | +272.3% |
| Amounts payable within one year | 42/48 | €10,802 | €40,256 | +€29,454 | +272.7% |
| Trade debts | 44 | €3,453 | €1,818 | -€1,635 | -47.3% |
| Suppliers | 440/4 | €3,453 | €1,818 | -€1,635 | -47.3% |
| Taxes, remuneration and social security | 45 | €2,521 | €2,167 | -€354 | -14.0% |
| Taxes | 450/3 | €2,521 | €2,167 | -€354 | -14.0% |
| Other amounts payable | 47/48 | €4,828 | €36,271 | +€31,443 | +651.3% |
| Accrued charges and deferred income | 492/3 | €11 | €1 | -€10 | -92.7% |
| Turnover | 70 | €15,324 | €20,541 | +€5,217 | +34.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,094 | €3,498 | +€404 | +13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,350 | €5,127 | -€223 | -4.2% |
| Other operating charges | 640/8 | €410 | €422 | +€12 | +2.9% |
| Gross operating margin | 9900 | €12,230 | €17,042 | +€4,812 | +39.3% |
| Operating profit (loss) | 9901 | €6,470 | €11,493 | +€5,023 | +77.6% |
| Financial income | 75/76B | €863 | €6,148 | +€5,285 | +612.4% |
| Recurring financial income | 75 | €863 | €6,148 | +€5,285 | +612.4% |
| Financial charges | 65/66B | €117 | €8 | -€109 | -93.2% |
| Recurring financial charges | 65 | €117 | €8 | -€109 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | €7,216 | €17,633 | +€10,417 | +144.4% |
| Income taxes | 67/77 | €2,389 | €5,689 | +€3,300 | +138.2% |
| Profit (loss) for the period | 9904 | €4,827 | €11,944 | +€7,117 | +147.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,827 | €11,944 | +€7,117 | +147.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.