ForPar: 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.
ForPar
Largest movements
- Cash -€4.1m
down €4.1m (-94.6%), from €4.3m to €234,642
mainly Contributions, distributions and other (-€9.0m) and Current portion of long-term debt (-€3.6m)
- Other debts +€5.3m
up €5.3m (+130%), from €4.1m to €9.4m
- Profit (loss) carried forward -€5.3m
down €5.3m (-12.2%), from €43.2m to €37.9m
- Current portion of long-term debt -€3.6m
no longer reported in 2025 (was €3.6m)
- Financial income -€4.7m
down €4.7m (-57.3%), from €8.2m to €3.5m
- Services and other goods +€526,853
up €526,853 (+167%), from €314,857 to €841,710
- Turnover +€441,061
up €441,061 (+43.7%), from €1.0m to €1.5m
- Financial charges -€337,198
down €337,198 (-94.9%), from €355,271 to €18,073
- Taxes +€66,418
up €66,418 (+78.2%), from €84,968 to €151,386
of which Taxes: +€110,279
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 | €107,522,530 | €104,392,831 | -€3.1m | -2.9% |
| Fixed assets | 21/28 | €103,000,000 | €103,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €103,000,000 | €103,000,000 | = | 0.0% |
| Affiliated companies | 280/1 | €103,000,000 | €103,000,000 | = | 0.0% |
| Participating interests | 280 | €103,000,000 | €103,000,000 | = | 0.0% |
| Current assets | 29/58 | €4,522,530 | €1,392,831 | -€3.1m | -69.2% |
| Amounts receivable within one year | 40/41 | €183,022 | €1,158,188 | +€975,166 | +533% |
| Trade receivables | 40 | €51,222 | €1,038,199 | +€986,977 | +1,927% |
| Other amounts receivable | 41 | €131,800 | €119,989 | -€11,811 | -9.0% |
| Cash at bank and in hand | 54/58 | €4,339,508 | €234,642 | -€4.1m | -94.6% |
| Total equity and liabilities | 10/49 | €107,522,530 | €104,392,831 | -€3.1m | -2.9% |
| Equity | 10/15 | €99,471,980 | €94,409,725 | -€5.1m | -5.1% |
| Contributions | 10/11 | €53,079,253 | €53,079,253 | = | 0.0% |
| Capital | 10 | €53,079,253 | €53,079,253 | = | 0.0% |
| Issued capital | 100 | €53,079,253 | €53,079,253 | = | 0.0% |
| Reserves | 13 | €3,214,804 | €3,411,692 | +€196,888 | +6.1% |
| Non-distributable reserves | 130/1 | €3,214,804 | €3,411,692 | +€196,888 | +6.1% |
| Legal reserve | 130 | €3,214,804 | €3,411,692 | +€196,888 | +6.1% |
| Profit (loss) carried forward | 14 | €43,177,923 | €37,918,781 | -€5.3m | -12.2% |
| Amounts payable | 17/49 | €8,050,550 | €9,983,105 | +€1.9m | +24.0% |
| Amounts payable within one year | 42/48 | €7,975,883 | €9,973,817 | +€2.0m | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €3,571,423 | - | -€3.6m | |
| Trade debts | 44 | €62,387 | €327,634 | +€265,247 | +425% |
| Suppliers | 440/4 | €62,387 | €327,634 | +€265,247 | +425% |
| Taxes, remuneration and social security | 45 | €256,061 | €254,890 | -€1,171 | -0.5% |
| Taxes | 450/3 | €256,061 | €254,890 | -€1,171 | -0.5% |
| Other amounts payable | 47/48 | €4,086,012 | €9,391,293 | +€5.3m | +130% |
| Accrued charges and deferred income | 492/3 | €74,667 | €9,288 | -€65,379 | -87.6% |
| Operating income | 70/76A | €1,010,000 | €1,451,061 | +€441,061 | +43.7% |
| Turnover | 70 | €1,010,000 | €1,451,061 | +€441,061 | +43.7% |
| Operating charges | 60/66A | €314,857 | €843,857 | +€529,000 | +168% |
| Services and other goods | 61 | €314,857 | €841,710 | +€526,853 | +167% |
| Other operating charges | 640/8 | - | €2,147 | +€2,147 | |
| Operating profit (loss) | 9901 | €695,143 | €607,204 | -€87,939 | -12.7% |
| Financial income | 75/76B | €8,200,000 | €3,500,000 | -€4.7m | -57.3% |
| Recurring financial income | 75 | €8,200,000 | €3,500,000 | -€4.7m | -57.3% |
| Income from financial fixed assets | 750 | €8,200,000 | €3,500,000 | -€4.7m | -57.3% |
| Financial charges | 65/66B | €355,271 | €18,073 | -€337,198 | -94.9% |
| Recurring financial charges | 65 | €355,271 | €18,073 | -€337,198 | -94.9% |
| Debt charges | 650 | €354,626 | €17,384 | -€337,242 | -95.1% |
| Other financial charges | 652/9 | €645 | €688 | +€43 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €8,539,872 | €4,089,131 | -€4.5m | -52.1% |
| Income taxes | 67/77 | €84,968 | €151,386 | +€66,418 | +78.2% |
| Taxes | 670/3 | €84,968 | €195,247 | +€110,279 | +130% |
| Tax adjustments and reversals of tax provisions | 77 | - | €43,862 | +€43,862 | |
| Profit (loss) for the period | 9904 | €8,454,904 | €3,937,745 | -€4.5m | -53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,454,904 | €3,937,745 | -€4.5m | -53.4% |
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 14 October 2026 via checked.be.