FORSITE: 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.
FORSITE
Largest movements
- Receivables within one year -€51,051
down €51,051 (-72.1%), from €70,780 to €19,730
of which Trade receivables: -€46,062
- Cash +€29,753
up €29,753 (+128%), from €23,288 to €53,041
mainly Receivables within one year (+€51,051) and Net result for the year (+€3,315)
- Trade debts -€14,558
down €14,558 (-49.3%), from €29,520 to €14,962
- Other debts -€11,198
down €11,198 (-100.0%), from €11,203 to €5
- Reserves +€3,315
up €3,315 (+91.0%), from €3,643 to €6,958
- Gross operating margin -€1,122
down €1,122 (-14.8%), from €7,567 to €6,445
- Taxes -€428
down €428 (-18.3%), from €2,339 to €1,911
- Financial charges -€380
down €380 (-35.2%), from €1,080 to €700
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 | €94,798 | €73,211 | -€21,587 | -22.8% |
| Fixed assets | 21/28 | €330 | €330 | = | 0.0% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €94,468 | €72,881 | -€21,587 | -22.9% |
| Amounts receivable within one year | 40/41 | €70,780 | €19,730 | -€51,051 | -72.1% |
| Trade receivables | 40 | €65,422 | €19,360 | -€46,062 | -70.4% |
| Other amounts receivable | 41 | €5,359 | €370 | -€4,989 | -93.1% |
| Cash at bank and in hand | 54/58 | €23,288 | €53,041 | +€29,753 | +128% |
| Deferred charges and accrued income | 490/1 | €400 | €110 | -€290 | -72.5% |
| Total equity and liabilities | 10/49 | €94,798 | €73,211 | -€21,587 | -22.8% |
| Equity | 10/15 | €53,018 | €56,333 | +€3,315 | +6.3% |
| Contributions | 10/11 | €49,375 | €49,375 | = | 0.0% |
| Reserves | 13 | €3,643 | €6,958 | +€3,315 | +91.0% |
| Distributable reserves | 133 | €3,643 | €6,958 | +€3,315 | +91.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,780 | €16,878 | -€24,902 | -59.6% |
| Amounts payable within one year | 42/48 | €41,780 | €16,878 | -€24,902 | -59.6% |
| Financial debts | 43 | €9 | €0 | -€9 | -100% |
| Credit institutions | 430/8 | €9 | €0 | -€9 | -100% |
| Trade debts | 44 | €29,520 | €14,962 | -€14,558 | -49.3% |
| Suppliers | 440/4 | €29,520 | €14,962 | -€14,558 | -49.3% |
| Taxes, remuneration and social security | 45 | €1,047 | €1,911 | +€863 | +82.4% |
| Taxes | 450/3 | €1,047 | €1,911 | +€863 | +82.4% |
| Other amounts payable | 47/48 | €11,203 | €5 | -€11,198 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €7,567 | €6,445 | -€1,122 | -14.8% |
| Operating profit (loss) | 9901 | €7,062 | €5,925 | -€1,136 | -16.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,080 | €700 | -€380 | -35.2% |
| Recurring financial charges | 65 | €1,080 | €700 | -€380 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €5,982 | €5,226 | -€756 | -12.6% |
| Income taxes | 67/77 | €2,339 | €1,911 | -€428 | -18.3% |
| Profit (loss) for the period | 9904 | €3,643 | €3,315 | -€328 | -9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,643 | €3,315 | -€328 | -9.0% |
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 13 October 2026 via checked.be.