FORLANA: 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.
What changed
FORLANA
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€578,353
2024 · €286,254+€292,100
Equity
€4.4m
2024 · €3.8m+€578,353
Cash
€15,966
2024 · €38,772-€22,806
Balance sheet total
€12.9m
2024 · €13.1m-€196,851
Largest movements
Assets
- Tangible fixed assets +€329,651
up €329,651 (+2.6%), from €12.5m to €12.9m
- Receivables within one year -€275,000
no longer reported in 2025 (was €275,000)
- Stocks and contracts -€230,000
no longer reported in 2025 (was €230,000)
Equity and liabilities
- Reserves +€578,353
up €578,353 (+20.5%), from €2.8m to €3.4m
of which Tax-exempt reserves: +€558,009
- Debts after one year -€555,320
down €555,320 (-9.2%), from €6.1m to €5.5m
- Short-term financial debts -€254,520
down €254,520 (-20.4%), from €1.2m to €993,070
- Provisions +€185,988
up €185,988 (+51.7%), from €359,475 to €545,463
Income statement
- Gross operating margin +€361,049
up €361,049 (+29.7%), from €1.2m to €1.6m
- Taxes -€114,235
down €114,235 (-94.1%), from €121,390 to €7,155
- Financial charges -€26,084
down €26,084 (-9.8%), from €265,537 to €239,453
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.
Result 2024
€286,254
Gross operating margin
+€361,049
Depreciation
-€4,637
Other operating charges
+€390
Financial income
+€241
Financial charges
+€26,084
Taxes
+€114,235
Deferred taxes and other
-€205,263
Result 2025
€578,353
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.6m
Investment
-€847,944
Financing
-€802,329
Cash 2024
€38,772
From operations (derived)
+€1.6m
Net result for the year
+€578,353
Depreciation
+€518,282
Stocks and contracts
+€230,000
Receivables within one year
+€275,000
Smaller working-capital items
-€2,347
Provisions
+€185,988
Trade debts
-€5,552
Tax, wage and social debts
+€3,400
Advances received
-€43,000
Other debts
-€112,657
Investment (derived)
-€847,944
Investment in fixed assets (net)
-€847,933
Current investments
-€11
Financing
-€802,329
Debts after one year
-€555,320
Current portion of long-term debt
+€7,511
Short-term financial debts
-€254,520
Cash 2025
€15,966
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,089,667 | €12,892,816 | -€196,851 | -1.5% |
| Fixed assets | 21/28 | €12,535,054 | €12,864,705 | +€329,651 | +2.6% |
| Tangible fixed assets | 22/27 | €12,535,054 | €12,864,705 | +€329,651 | +2.6% |
| Land and buildings | 22 | €12,535,054 | €12,864,705 | +€329,651 | +2.6% |
| Current assets | 29/58 | €554,613 | €28,110 | -€526,502 | -94.9% |
| Stocks and contracts in progress | 3 | €230,000 | - | -€230,000 | |
| Stocks | 30/36 | €230,000 | - | -€230,000 | |
| Amounts receivable within one year | 40/41 | €275,000 | - | -€275,000 | |
| Trade receivables | 40 | €275,000 | - | -€275,000 | |
| Current investments | 50/53 | €2,516 | €2,527 | +€11 | +0.4% |
| Cash at bank and in hand | 54/58 | €38,772 | €15,966 | -€22,806 | -58.8% |
| Deferred charges and accrued income | 490/1 | €8,324 | €9,617 | +€1,293 | +15.5% |
| Total equity and liabilities | 10/49 | €13,089,667 | €12,892,816 | -€196,851 | -1.5% |
| Equity | 10/15 | €3,814,719 | €4,393,072 | +€578,353 | +15.2% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €2,814,719 | €3,393,072 | +€578,353 | +20.5% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,078,425 | €1,636,434 | +€558,009 | +51.7% |
| Distributable reserves | 133 | €1,636,294 | €1,656,638 | +€20,344 | +1.2% |
| Provisions and deferred taxes | 16 | €359,475 | €545,463 | +€185,988 | +51.7% |
| Deferred taxes | 168 | €359,475 | €545,463 | +€185,988 | +51.7% |
| Amounts payable | 17/49 | €8,915,473 | €7,954,281 | -€961,192 | -10.8% |
| Amounts payable after more than one year | 17 | €6,054,759 | €5,499,439 | -€555,320 | -9.2% |
| Financial debts | 170/4 | €6,054,759 | €5,499,439 | -€555,320 | -9.2% |
| Amounts payable within one year | 42/48 | €2,820,476 | €2,415,658 | -€404,818 | -14.4% |
| Current portion of amounts payable after more than one year | 42 | €499,338 | €506,849 | +€7,511 | +1.5% |
| Financial debts | 43 | €1,247,590 | €993,070 | -€254,520 | -20.4% |
| Credit institutions | 430/8 | €1,247,590 | €993,070 | -€254,520 | -20.4% |
| Trade debts | 44 | €18,996 | €13,443 | -€5,552 | -29.2% |
| Suppliers | 440/4 | €18,996 | €13,443 | -€5,552 | -29.2% |
| Advances received on contracts in progress | 46 | €43,000 | - | -€43,000 | |
| Taxes, remuneration and social security | 45 | €128,435 | €131,836 | +€3,400 | +2.6% |
| Taxes | 450/3 | €128,435 | €131,836 | +€3,400 | +2.6% |
| Other amounts payable | 47/48 | €883,117 | €770,460 | -€112,657 | -12.8% |
| Accrued charges and deferred income | 492/3 | €40,238 | €39,184 | -€1,054 | -2.6% |
| Non-recurring operating income | 76A | - | €1,018,325 | +€1.0m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €513,645 | €518,282 | +€4,637 | +0.9% |
| Other operating charges | 640/8 | €49,012 | €48,622 | -€390 | -0.8% |
| Gross operating margin | 9900 | €1,216,546 | €1,577,595 | +€361,049 | +29.7% |
| Operating profit (loss) | 9901 | €653,889 | €1,010,691 | +€356,802 | +54.6% |
| Financial income | 75/76B | €16 | €257 | +€241 | +1,506% |
| Recurring financial income | 75 | €16 | €257 | +€241 | +1,506% |
| Financial charges | 65/66B | €265,537 | €239,453 | -€26,084 | -9.8% |
| Recurring financial charges | 65 | €265,537 | €239,453 | -€26,084 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €388,369 | €771,496 | +€383,127 | +98.7% |
| Transfer from deferred taxes | 780 | €19,275 | €26,513 | +€7,238 | +37.5% |
| Transfer to deferred taxes | 680 | - | €212,500 | +€212,500 | |
| Income taxes | 67/77 | €121,390 | €7,155 | -€114,235 | -94.1% |
| Profit (loss) for the period | 9904 | €286,254 | €578,353 | +€292,100 | +102% |
| Transfer from tax-exempt reserves | 789 | €57,825 | €79,491 | +€21,666 | +37.5% |
| Transfer to tax-exempt reserves | 689 | - | €637,500 | +€637,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €344,079 | €20,344 | -€323,734 | -94.1% |
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 18 October 2026 via checked.be.