Fors: what changed
Two fiscal 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.
Fors
Largest movements
- Receivables within one year +€10,542
up €10,542 (+6135.5%), from €172 to €10,714
of which Trade receivables: +€9,459
- Tangible fixed assets +€7,455
up €7,455 (+250.7%), from €2,973 to €10,428
of which Furniture and vehicles: +€4,265
- Cash -€4,621
down €4,621 (-94.1%), from €4,909 to €288
mainly Receivables within one year (-€10,542) and Investment in fixed assets (net) (-€10,280)
- Profit (loss) carried forward +€7,362
up €7,362 (+95.9%), from -€7,675 to -€313
- Tax, wage and social debts +€3,250
new in 2025: €3,250
- Other debts +€1,247
up €1,247 (+8.8%), from €14,095 to €15,342
- Trade debts +€974
up €974 (+63.0%), from €1,547 to €2,521
- Short-term financial debts +€573
new in 2025: €573
- Gross operating margin +€9,783
up €9,783 (+394.9%), from €2,477 to €12,260
- Depreciation +€2,127
up €2,127 (+398.9%), from €533 to €2,661
- Taxes +€1,745
new in 2025: €1,745
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.
Cash bridge derived
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 | €8,467 | €21,874 | +€13,407 | +158.3% |
| Fixed assets | 21/28 | €3,035 | €10,655 | +€7,620 | +251.1% |
| Tangible fixed assets | 22/27 | €2,973 | €10,428 | +€7,455 | +250.7% |
| Plant, machinery and equipment | 23 | - | €3,190 | +€3,190 | |
| Furniture and vehicles | 24 | €2,973 | €7,238 | +€4,265 | +143.5% |
| Financial fixed assets | 28 | €62 | €227 | +€165 | +267.6% |
| Current assets | 29/58 | €5,432 | €11,219 | +€5,787 | +106.5% |
| Amounts receivable within one year | 40/41 | €172 | €10,714 | +€10,542 | +6135.5% |
| Trade receivables | 40 | - | €9,459 | +€9,459 | |
| Other amounts receivable | 41 | €172 | €1,255 | +€1,083 | +630.2% |
| Cash at bank and in hand | 54/58 | €4,909 | €288 | -€4,621 | -94.1% |
| Deferred charges and accrued income | 490/1 | €351 | €217 | -€134 | -38.3% |
| Total equity and liabilities | 10/49 | €8,467 | €21,874 | +€13,407 | +158.3% |
| Equity | 10/15 | -€7,175 | €187 | +€7,362 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,675 | -€313 | +€7,362 | +95.9% |
| Amounts payable | 17/49 | €15,642 | €21,686 | +€6,045 | +38.6% |
| Amounts payable within one year | 42/48 | €15,642 | €21,686 | +€6,045 | +38.6% |
| Financial debts | 43 | - | €573 | +€573 | |
| Credit institutions | 430/8 | - | €573 | +€573 | |
| Trade debts | 44 | €1,547 | €2,521 | +€974 | +63.0% |
| Suppliers | 440/4 | €1,547 | €2,521 | +€974 | +63.0% |
| Taxes, remuneration and social security | 45 | - | €3,250 | +€3,250 | |
| Taxes | 450/3 | - | €3,250 | +€3,250 | |
| Other amounts payable | 47/48 | €14,095 | €15,342 | +€1,247 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €533 | €2,661 | +€2,127 | +398.9% |
| Other operating charges | 640/8 | €399 | €400 | +€0 | +0.1% |
| Gross operating margin | 9900 | €2,477 | €12,260 | +€9,783 | +394.9% |
| Operating profit (loss) | 9901 | €1,545 | €9,200 | +€7,655 | +495.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +6000.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +6000.0% |
| Financial charges | 65/66B | €111 | €93 | -€17 | -15.7% |
| Recurring financial charges | 65 | €111 | €93 | -€17 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €1,434 | €9,107 | +€7,673 | +535.1% |
| Income taxes | 67/77 | - | €1,745 | +€1,745 | |
| Profit (loss) for the period | 9904 | €1,434 | €7,362 | +€5,928 | +413.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,434 | €7,362 | +€5,928 | +413.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.