FORNAXX: 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.
FORNAXX
Largest movements
- Cash -€21,230
down €21,230 (-99.2%), from €21,409 to €179
mainly Net result for the year (-€13,603) and Tax, wage and social debts (-€7,352)
- Receivables within one year +€2,373
up €2,373 (+49.3%), from €4,808 to €7,181
- Deferred charges and accrued income -€1,449
no longer reported in 2025 (was €1,449)
- Profit (loss) carried forward -€13,603
down €13,603 (-10.8%), from -€125,465 to -€139,068
- Tax, wage and social debts -€7,352
no longer reported in 2025 (was €7,352)
- Trade debts +€1,096
up €1,096 (+52.8%), from €2,078 to €3,174
- Accrued charges and deferred income -€998
down €998 (-96.5%), from €1,035 to €36
- Other debts +€550
up €550 (+0.5%), from €100,168 to €100,718
- Gross operating margin -€66,039
down €66,039, from €54,425 to -€11,614
- Financial charges -€36,031
down €36,031 (-98.5%), from €36,576 to €545
- Other operating charges -€6,968
down €6,968 (-82.4%), from €8,455 to €1,487
- Staff costs -€3,360
down €3,360, from €3,317 to -€44
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 | €37,667 | €17,360 | -€20,307 | -53.9% |
| Fixed assets | 21/28 | €10,000 | €10,000 | = | 0.0% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €27,667 | €7,360 | -€20,307 | -73.4% |
| Amounts receivable within one year | 40/41 | €4,808 | €7,181 | +€2,373 | +49.3% |
| Trade receivables | 40 | €4,808 | €7,181 | +€2,373 | +49.3% |
| Cash at bank and in hand | 54/58 | €21,409 | €179 | -€21,230 | -99.2% |
| Deferred charges and accrued income | 490/1 | €1,449 | - | -€1,449 | |
| Total equity and liabilities | 10/49 | €37,667 | €17,360 | -€20,307 | -53.9% |
| Equity | 10/15 | -€97,965 | -€111,568 | -€13,603 | -13.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Legal reserve | 130 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,465 | -€139,068 | -€13,603 | -10.8% |
| Amounts payable | 17/49 | €135,632 | €128,928 | -€6,704 | -4.9% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Financial debts | 170/4 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €109,597 | €103,892 | -€5,705 | -5.2% |
| Trade debts | 44 | €2,078 | €3,174 | +€1,096 | +52.8% |
| Suppliers | 440/4 | €2,078 | €3,174 | +€1,096 | +52.8% |
| Taxes, remuneration and social security | 45 | €7,352 | - | -€7,352 | |
| Taxes | 450/3 | €7,352 | - | -€7,352 | |
| Other amounts payable | 47/48 | €100,168 | €100,718 | +€550 | +0.5% |
| Accrued charges and deferred income | 492/3 | €1,035 | €36 | -€998 | -96.5% |
| Non-recurring operating income | 76A | €144,521 | - | -€144,521 | |
| Remuneration, social security and pensions | 62 | €3,317 | -€44 | -€3,360 | |
| Other operating charges | 640/8 | €8,455 | €1,487 | -€6,968 | -82.4% |
| Non-recurring operating charges | 66A | €175,194 | - | -€175,194 | |
| Gross operating margin | 9900 | €54,425 | -€11,614 | -€66,039 | |
| Operating profit (loss) | 9901 | -€132,541 | -€13,058 | +€119,483 | +90.1% |
| Financial income | 75/76B | €11 | €0 | -€11 | -99.6% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -99.6% |
| Financial charges | 65/66B | €36,576 | €545 | -€36,031 | -98.5% |
| Recurring financial charges | 65 | €36,576 | €545 | -€36,031 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | -€169,106 | -€13,603 | +€155,503 | +92.0% |
| Income taxes | 67/77 | €128 | -€0 | -€128 | |
| Profit (loss) for the period | 9904 | -€169,234 | -€13,603 | +€155,631 | +92.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€169,234 | -€13,603 | +€155,631 | +92.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.