FORLOG: 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.
FORLOG
Largest movements
- Receivables within one year -€98,381
down €98,381 (-99.9%), from €98,477 to €96
of which Trade receivables: -€92,472
- Cash +€49,045
up €49,045 (+36.0%), from €136,172 to €185,217
mainly Receivables within one year (+€98,381) and Net result for the year (+€10,758)
- Stocks and contracts -€3,010
down €3,010 (-100%), from €3,010 to €0
- Other debts -€61,849
down €61,849 (-97.0%), from €63,750 to €1,901
- Reserves +€10,758
up €10,758 (+8.2%), from €131,581 to €142,339
of which Distributable reserves: +€10,758
- Trade debts -€7,310
down €7,310 (-94.7%), from €7,722 to €412
- Accrued charges and deferred income +€6,143
up €6,143 (+86.0%), from €7,140 to €13,283
- Gross operating margin +€8,500
up €8,500 (+78.3%), from €10,854 to €19,354
- Taxes +€3,137
up €3,137 (+166%), from €1,885 to €5,022
- Financial charges -€2,868
down €2,868 (-53.1%), from €5,404 to €2,536
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 | €238,731 | €186,162 | -€52,569 | -22.0% |
| Fixed assets | 21/28 | €1,072 | €849 | -€223 | -20.8% |
| Tangible fixed assets | 22/27 | €1,072 | €849 | -€223 | -20.8% |
| Plant, machinery and equipment | 23 | €1,072 | €849 | -€223 | -20.8% |
| Current assets | 29/58 | €237,658 | €185,313 | -€52,345 | -22.0% |
| Stocks and contracts in progress | 3 | €3,010 | €0 | -€3,010 | -100% |
| Contracts in progress | 37 | €3,010 | €0 | -€3,010 | -100% |
| Amounts receivable within one year | 40/41 | €98,477 | €96 | -€98,381 | -99.9% |
| Trade receivables | 40 | €92,472 | €0 | -€92,472 | -100% |
| Other amounts receivable | 41 | €6,005 | €96 | -€5,909 | -98.4% |
| Cash at bank and in hand | 54/58 | €136,172 | €185,217 | +€49,045 | +36.0% |
| Total equity and liabilities | 10/49 | €238,731 | €186,162 | -€52,569 | -22.0% |
| Equity | 10/15 | €153,052 | €163,810 | +€10,758 | +7.0% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €131,581 | €142,339 | +€10,758 | +8.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €129,721 | €140,479 | +€10,758 | +8.3% |
| Profit (loss) carried forward | 14 | €15,171 | €15,171 | +€0 | 0.0% |
| Amounts payable | 17/49 | €85,679 | €22,352 | -€63,327 | -73.9% |
| Amounts payable within one year | 42/48 | €78,539 | €9,069 | -€69,470 | -88.5% |
| Trade debts | 44 | €7,722 | €412 | -€7,310 | -94.7% |
| Suppliers | 440/4 | €7,722 | €412 | -€7,310 | -94.7% |
| Taxes, remuneration and social security | 45 | €7,067 | €6,756 | -€311 | -4.4% |
| Taxes | 450/3 | €1,567 | €6,756 | +€5,189 | +331% |
| Remuneration and social security | 454/9 | €5,500 | - | -€5,500 | |
| Other amounts payable | 47/48 | €63,750 | €1,901 | -€61,849 | -97.0% |
| Accrued charges and deferred income | 492/3 | €7,140 | €13,283 | +€6,143 | +86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44 | €223 | +€179 | +408% |
| Other operating charges | 640/8 | €629 | €815 | +€186 | +29.5% |
| Gross operating margin | 9900 | €10,854 | €19,354 | +€8,500 | +78.3% |
| Operating profit (loss) | 9901 | €10,181 | €18,316 | +€8,135 | +79.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €5,404 | €2,536 | -€2,868 | -53.1% |
| Recurring financial charges | 65 | €5,404 | €2,536 | -€2,868 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | €4,778 | €15,780 | +€11,002 | +230% |
| Income taxes | 67/77 | €1,885 | €5,022 | +€3,137 | +166% |
| Profit (loss) for the period | 9904 | €2,893 | €10,758 | +€7,865 | +272% |
| Profit (loss) for the period to be appropriated | 9905 | €2,893 | €10,758 | +€7,865 | +272% |
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.