FORI: 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.
FORI
Largest movements
- Receivables within one year +€6,157
up €6,157 (+447.6%), from €1,375 to €7,532
of which Trade receivables: +€6,089
- Cash -€2,692
down €2,692 (-94.7%), from €2,843 to €150
mainly Receivables within one year (-€6,157) and Investment in fixed assets (net) (-€2,645)
- Formation expenses -€754
down €754 (-100.0%), from €754 to €0
- Intangible fixed assets -€412
down €412 (-7.0%), from €5,893 to €5,482
- Trade debts +€1,287
up €1,287 (+147.7%), from €872 to €2,159
- Reserves +€1,100
up €1,100 (+31.4%), from €3,500 to €4,600
- Profit (loss) carried forward -€830
down €830 (-91.0%), from €912 to €83
- Tax, wage and social debts +€796
up €796, from €0 to €796
- Gross operating margin -€1,618
down €1,618 (-25.1%), from €6,449 to €4,830
- Depreciation +€1,569
up €1,569 (+70.0%), from €2,242 to €3,811
- Other operating charges -€202
down €202 (-24.9%), from €813 to €610
- Financial income -€143
down €143 (-100.0%), from €143 to €0
- Taxes +€97
new in 2025: €97
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 | €11,477 | €13,835 | +€2,359 | +20.6% |
| Formation expenses | 20 | €754 | €0 | -€754 | -100.0% |
| Fixed assets | 21/28 | €5,893 | €5,482 | -€412 | -7.0% |
| Intangible fixed assets | 21 | €5,893 | €5,482 | -€412 | -7.0% |
| Current assets | 29/58 | €4,829 | €8,354 | +€3,524 | +73.0% |
| Amounts receivable within one year | 40/41 | €1,375 | €7,532 | +€6,157 | +447.6% |
| Trade receivables | 40 | €1,306 | €7,395 | +€6,089 | +466.3% |
| Other amounts receivable | 41 | €70 | €137 | +€68 | +97.3% |
| Cash at bank and in hand | 54/58 | €2,843 | €150 | -€2,692 | -94.7% |
| Deferred charges and accrued income | 490/1 | €611 | €671 | +€60 | +9.8% |
| Total equity and liabilities | 10/49 | €11,477 | €13,835 | +€2,359 | +20.6% |
| Equity | 10/15 | €10,412 | €10,683 | +€270 | +2.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €3,500 | €4,600 | +€1,100 | +31.4% |
| Distributable reserves | 133 | €3,500 | €4,600 | +€1,100 | +31.4% |
| Profit (loss) carried forward | 14 | €912 | €83 | -€830 | -91.0% |
| Amounts payable | 17/49 | €1,064 | €3,153 | +€2,088 | +196.2% |
| Amounts payable within one year | 42/48 | €872 | €2,955 | +€2,083 | +238.9% |
| Trade debts | 44 | €872 | €2,159 | +€1,287 | +147.7% |
| Suppliers | 440/4 | €872 | €2,159 | +€1,287 | +147.7% |
| Taxes, remuneration and social security | 45 | €0 | €796 | +€796 | |
| Taxes | 450/3 | €0 | €796 | +€796 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €193 | €198 | +€6 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,242 | €3,811 | +€1,569 | +70.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €813 | €610 | -€202 | -24.9% |
| Gross operating margin | 9900 | €6,449 | €4,830 | -€1,618 | -25.1% |
| Operating profit (loss) | 9901 | €3,394 | €409 | -€2,985 | -87.9% |
| Financial income | 75/76B | €143 | €0 | -€143 | -100.0% |
| Recurring financial income | 75 | €143 | €0 | -€143 | -100.0% |
| Financial charges | 65/66B | €42 | €42 | = | 0.0% |
| Recurring financial charges | 65 | €42 | €42 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €3,495 | €367 | -€3,128 | -89.5% |
| Income taxes | 67/77 | - | €97 | +€97 | |
| Profit (loss) for the period | 9904 | €3,495 | €270 | -€3,225 | -92.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,495 | €270 | -€3,225 | -92.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.