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
- Tangible fixed assets +€76,279
up €76,279, from €0 to €76,279
of which Other tangible fixed assets: +€71,775
- Receivables within one year +€21,064
up €21,064 (+1,518%), from €1,388 to €22,452
of which Trade receivables: +€16,138
- Cash -€6,822
down €6,822 (-78.8%), from €8,652 to €1,830
mainly Investment in fixed assets (net) (-€79,268) and Net result for the year (-€42,682)
- Other debts +€100,106
up €100,106 (+12,533%), from €799 to €100,905
- Profit (loss) carried forward -€42,682
down €42,682, from €4,589 to -€38,093
- Trade debts +€29,571
up €29,571 (+7,693%), from €384 to €29,956
- Accrued charges and deferred income +€3,544
new in 2025: €3,544
- Gross operating margin -€33,189
down €33,189 (-1,143%), from -€2,903 to -€36,093
- Financial charges +€3,444
up €3,444 (+2,210%), from €156 to €3,600
- Depreciation +€2,989
new in 2025: €2,989
- Other operating charges -€463
no longer reported in 2025 (was €463)
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 | €13,790 | €104,311 | +€90,521 | +656% |
| Fixed assets | 21/28 | €3,750 | €80,029 | +€76,279 | +2,034% |
| Tangible fixed assets | 22/27 | €0 | €76,279 | +€76,279 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | - | €4,504 | +€4,504 | |
| Other tangible fixed assets | 26 | - | €71,775 | +€71,775 | |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €10,040 | €24,282 | +€14,242 | +142% |
| Amounts receivable within one year | 40/41 | €1,388 | €22,452 | +€21,064 | +1,518% |
| Trade receivables | 40 | - | €16,138 | +€16,138 | |
| Other amounts receivable | 41 | €1,388 | €6,314 | +€4,926 | +355% |
| Cash at bank and in hand | 54/58 | €8,652 | €1,830 | -€6,822 | -78.8% |
| Total equity and liabilities | 10/49 | €13,790 | €104,311 | +€90,521 | +656% |
| Equity | 10/15 | €12,589 | -€30,093 | -€42,682 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,800 | €1,800 | = | 0.0% |
| Distributable reserves | 133 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,589 | -€38,093 | -€42,682 | |
| Amounts payable | 17/49 | €1,201 | €134,404 | +€133,203 | +11,088% |
| Amounts payable within one year | 42/48 | €1,201 | €130,860 | +€129,659 | +10,793% |
| Trade debts | 44 | €384 | €29,956 | +€29,571 | +7,693% |
| Suppliers | 440/4 | €384 | €29,956 | +€29,571 | +7,693% |
| Taxes, remuneration and social security | 45 | €18 | - | -€18 | |
| Taxes | 450/3 | €18 | - | -€18 | |
| Other amounts payable | 47/48 | €799 | €100,905 | +€100,106 | +12,533% |
| Accrued charges and deferred income | 492/3 | - | €3,544 | +€3,544 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,989 | +€2,989 | |
| Other operating charges | 640/8 | €463 | - | -€463 | |
| Gross operating margin | 9900 | -€2,903 | -€36,093 | -€33,189 | -1,143% |
| Operating profit (loss) | 9901 | -€3,366 | -€39,082 | -€35,716 | -1,061% |
| Financial charges | 65/66B | €156 | €3,600 | +€3,444 | +2,210% |
| Recurring financial charges | 65 | €156 | €3,600 | +€3,444 | +2,210% |
| Profit (loss) for the period before taxes | 9903 | -€3,522 | -€42,682 | -€39,160 | -1,112% |
| Profit (loss) for the period | 9904 | -€3,522 | -€42,682 | -€39,160 | -1,112% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,522 | -€42,682 | -€39,160 | -1,112% |
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 15 October 2026 via checked.be.