FORIBEX: 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.
FORIBEX
Largest movements
- Cash -€101,090
down €101,090 (-41.5%), from €243,571 to €142,481
mainly Investment in fixed assets (net) (-€66,720) and Tax, wage and social debts (-€45,508)
- Tangible fixed assets +€55,262
up €55,262 (+184%), from €30,044 to €85,306
of which Furniture and vehicles: +€30,790
- Receivables within one year +€18,938
up €18,938 (+63.8%), from €29,687 to €48,625
of which Trade receivables: +€10,140
- Tax, wage and social debts -€45,508
down €45,508 (-66.8%), from €68,091 to €22,583
of which Taxes: -€50,375
- Profit (loss) carried forward -€13,678
down €13,678 (-43.2%), from -€31,667 to -€45,344
- Debts after one year +€13,147
new in 2025: €13,147
- Current portion of long-term debt +€6,339
new in 2025: €6,339
- Other debts +€5,302
up €5,302 (+8.9%), from €59,264 to €64,565
- Gross operating margin -€50,418
down €50,418 (-27.4%), from €184,218 to €133,800
- Staff costs +€7,309
up €7,309 (+6.1%), from €120,644 to €127,954
- Taxes -€3,719
down €3,719 (-45.5%), from €8,180 to €4,460
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 | €305,719 | €276,603 | -€29,116 | -9.5% |
| Fixed assets | 21/28 | €31,504 | €85,306 | +€53,802 | +171% |
| Tangible fixed assets | 22/27 | €30,044 | €85,306 | +€55,262 | +184% |
| Plant, machinery and equipment | 23 | €28,761 | €37,612 | +€8,851 | +30.8% |
| Furniture and vehicles | 24 | €1,284 | €32,073 | +€30,790 | +2,399% |
| Other tangible fixed assets | 26 | - | €15,621 | +€15,621 | |
| Financial fixed assets | 28 | €1,460 | - | -€1,460 | |
| Current assets | 29/58 | €274,215 | €191,297 | -€82,918 | -30.2% |
| Amounts receivable within one year | 40/41 | €29,687 | €48,625 | +€18,938 | +63.8% |
| Trade receivables | 40 | €28,485 | €38,625 | +€10,140 | +35.6% |
| Other amounts receivable | 41 | €1,202 | €10,000 | +€8,798 | +732% |
| Cash at bank and in hand | 54/58 | €243,571 | €142,481 | -€101,090 | -41.5% |
| Deferred charges and accrued income | 490/1 | €958 | €191 | -€766 | -80.0% |
| Total equity and liabilities | 10/49 | €305,719 | €276,603 | -€29,116 | -9.5% |
| Equity | 10/15 | €144,397 | €130,720 | -€13,678 | -9.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €136,064 | €136,064 | = | 0.0% |
| Distributable reserves | 133 | €136,064 | €136,064 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,667 | -€45,344 | -€13,678 | -43.2% |
| Amounts payable | 17/49 | €161,322 | €145,884 | -€15,438 | -9.6% |
| Amounts payable after more than one year | 17 | - | €13,147 | +€13,147 | |
| Financial debts | 170/4 | - | €13,147 | +€13,147 | |
| Amounts payable within one year | 42/48 | €161,322 | €132,737 | -€28,585 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,339 | +€6,339 | |
| Trade debts | 44 | €33,968 | €39,250 | +€5,282 | +15.6% |
| Suppliers | 440/4 | €33,968 | €39,250 | +€5,282 | +15.6% |
| Taxes, remuneration and social security | 45 | €68,091 | €22,583 | -€45,508 | -66.8% |
| Taxes | 450/3 | €64,810 | €14,436 | -€50,375 | -77.7% |
| Remuneration and social security | 454/9 | €3,280 | €8,147 | +€4,867 | +148% |
| Other amounts payable | 47/48 | €59,264 | €64,565 | +€5,302 | +8.9% |
| Remuneration, social security and pensions | 62 | €120,644 | €127,954 | +€7,309 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,064 | €12,918 | -€145 | -1.1% |
| Other operating charges | 640/8 | €1,471 | €1,753 | +€282 | +19.1% |
| Gross operating margin | 9900 | €184,218 | €133,800 | -€50,418 | -27.4% |
| Operating profit (loss) | 9901 | €49,038 | -€8,825 | -€57,863 | |
| Financial charges | 65/66B | €52 | €392 | +€340 | +648% |
| Recurring financial charges | 65 | €52 | €392 | +€340 | +648% |
| Profit (loss) for the period before taxes | 9903 | €48,986 | -€9,218 | -€58,203 | |
| Income taxes | 67/77 | €8,180 | €4,460 | -€3,719 | -45.5% |
| Profit (loss) for the period | 9904 | €40,806 | -€13,678 | -€54,484 | |
| Profit (loss) for the period to be appropriated | 9905 | €40,806 | -€13,678 | -€54,484 |
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 15 October 2026 via checked.be.