FORRIER JAN: 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.
FORRIER JAN
Largest movements
- Cash +€94,946
up €94,946 (+630%), from €15,074 to €110,020
mainly Contributions, distributions and other (+€100,000) and Stocks and contracts (+€19,343)
- Stocks and contracts -€19,343
down €19,343 (-67.1%), from €28,843 to €9,500
of which Contracts in progress: -€14,643
- Receivables within one year +€6,157
up €6,157 (+20.9%), from €29,526 to €35,683
of which Trade receivables: +€5,620
- Tangible fixed assets -€4,085
down €4,085 (-15.6%), from €26,225 to €22,141
of which Furniture and vehicles: -€13,242
- Financial fixed assets +€2,460
up €2,460 (+1,822%), from €135 to €2,595
- Contributions +€100,000
up €100,000 (+500%), from €20,000 to €120,000
- Profit (loss) carried forward -€7,655
down €7,655, from €0 to -€7,655
- Trade debts -€6,812
down €6,812 (-28.6%), from €23,845 to €17,033
- Other debts -€4,293
down €4,293 (-88.6%), from €4,846 to €553
- Tax, wage and social debts -€2,969
down €2,969 (-100%), from €2,969 to €0
of which Remuneration and social security: -€2,570
- Gross operating margin -€46,409
down €46,409 (-75.3%), from €61,625 to €15,216
- Depreciation +€1,989
up €1,989 (+14.7%), from €13,546 to €15,535
- Other operating charges +€870
up €870 (+28.4%), from €3,062 to €3,933
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 | €102,279 | €180,388 | +€78,108 | +76.4% |
| Fixed assets | 21/28 | €26,360 | €24,736 | -€1,625 | -6.2% |
| Tangible fixed assets | 22/27 | €26,225 | €22,141 | -€4,085 | -15.6% |
| Plant, machinery and equipment | 23 | €4,789 | €2,669 | -€2,120 | -44.3% |
| Furniture and vehicles | 24 | €21,436 | €8,194 | -€13,242 | -61.8% |
| Other tangible fixed assets | 26 | - | €11,277 | +€11,277 | |
| Financial fixed assets | 28 | €135 | €2,595 | +€2,460 | +1,822% |
| Current assets | 29/58 | €75,919 | €155,652 | +€79,733 | +105% |
| Stocks and contracts in progress | 3 | €28,843 | €9,500 | -€19,343 | -67.1% |
| Stocks | 30/36 | €4,700 | €0 | -€4,700 | -100% |
| Contracts in progress | 37 | €24,143 | €9,500 | -€14,643 | -60.7% |
| Amounts receivable within one year | 40/41 | €29,526 | €35,683 | +€6,157 | +20.9% |
| Trade receivables | 40 | €26,500 | €32,120 | +€5,620 | +21.2% |
| Other amounts receivable | 41 | €3,026 | €3,563 | +€537 | +17.8% |
| Cash at bank and in hand | 54/58 | €15,074 | €110,020 | +€94,946 | +630% |
| Deferred charges and accrued income | 490/1 | €2,476 | €449 | -€2,027 | -81.9% |
| Total equity and liabilities | 10/49 | €102,279 | €180,388 | +€78,108 | +76.4% |
| Equity | 10/15 | €20,023 | €112,345 | +€92,322 | +461% |
| Contributions | 10/11 | €20,000 | €120,000 | +€100,000 | +500% |
| Reserves | 13 | €23 | €0 | -€23 | -100% |
| Distributable reserves | 133 | €23 | €0 | -€23 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€7,655 | -€7,655 | |
| Amounts payable | 17/49 | €82,256 | €68,043 | -€14,213 | -17.3% |
| Amounts payable within one year | 42/48 | €81,660 | €67,586 | -€14,074 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €23,845 | €17,033 | -€6,812 | -28.6% |
| Suppliers | 440/4 | €23,845 | €17,033 | -€6,812 | -28.6% |
| Taxes, remuneration and social security | 45 | €2,969 | €0 | -€2,969 | -100% |
| Taxes | 450/3 | €399 | €0 | -€399 | -100% |
| Remuneration and social security | 454/9 | €2,570 | €0 | -€2,570 | -100% |
| Other amounts payable | 47/48 | €4,846 | €553 | -€4,293 | -88.6% |
| Accrued charges and deferred income | 492/3 | €596 | €457 | -€139 | -23.4% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,546 | €15,535 | +€1,989 | +14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,062 | €3,933 | +€870 | +28.4% |
| Gross operating margin | 9900 | €61,625 | €15,216 | -€46,409 | -75.3% |
| Operating profit (loss) | 9901 | €45,017 | -€4,252 | -€49,269 | |
| Financial income | 75/76B | €7 | €24 | +€17 | +235% |
| Recurring financial income | 75 | €7 | €24 | +€17 | +235% |
| Financial charges | 65/66B | €3,671 | €3,450 | -€221 | -6.0% |
| Recurring financial charges | 65 | €3,671 | €3,450 | -€221 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €41,353 | -€7,678 | -€49,031 | |
| Income taxes | 67/77 | €55 | €0 | -€55 | -100% |
| Profit (loss) for the period | 9904 | €41,297 | -€7,678 | -€48,975 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,297 | -€7,678 | -€48,975 |
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 28 October 2026 via checked.be.