Forsok: 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.
Forsok
Largest movements
- Receivables within one year -€53,558
down €53,558 (-79.7%), from €67,196 to €13,638
of which Other amounts receivable: -€50,583
- Tangible fixed assets +€34,985
up €34,985 (+13.6%), from €258,032 to €293,017
of which Plant, machinery and equipment: +€53,552
- Profit (loss) carried forward -€14,170
down €14,170 (-31.7%), from €44,652 to €30,482
- Turnover +€33,119
up €33,119 (+564.0%), from €5,872 to €38,991
- Purchases and services -€8,853
down €8,853 (-32.3%), from €27,371 to €18,519
- Depreciation +€6,306
up €6,306 (+28.4%), from €22,167 to €28,473
- Gross operating margin -€3,028
down €3,028 (-12.9%), from €23,501 to €20,473
- Taxes +€583
new in 2025: €583
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 | €355,349 | €338,740 | -€16,608 | -4.7% |
| Fixed assets | 21/28 | €258,032 | €293,017 | +€34,985 | +13.6% |
| Tangible fixed assets | 22/27 | €258,032 | €293,017 | +€34,985 | +13.6% |
| Land and buildings | 22 | €228,326 | €211,484 | -€16,842 | -7.4% |
| Plant, machinery and equipment | 23 | €23,518 | €77,071 | +€53,552 | +227.7% |
| Furniture and vehicles | 24 | €3,688 | €1,963 | -€1,725 | -46.8% |
| Other tangible fixed assets | 26 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €97,317 | €45,723 | -€51,594 | -53.0% |
| Amounts receivable within one year | 40/41 | €67,196 | €13,638 | -€53,558 | -79.7% |
| Trade receivables | 40 | €2,975 | - | -€2,975 | |
| Other amounts receivable | 41 | €64,221 | €13,638 | -€50,583 | -78.8% |
| Cash at bank and in hand | 54/58 | €29,971 | €32,085 | +€2,114 | +7.1% |
| Deferred charges and accrued income | 490/1 | €150 | - | -€150 | |
| Total equity and liabilities | 10/49 | €355,349 | €338,740 | -€16,608 | -4.7% |
| Equity | 10/15 | €350,543 | €336,373 | -€14,170 | -4.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €243,891 | €243,891 | = | 0.0% |
| Non-distributable reserves | 130/1 | €26,340 | €26,340 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €20,140 | €20,140 | = | 0.0% |
| Tax-exempt reserves | 132 | €29,764 | €29,764 | = | 0.0% |
| Distributable reserves | 133 | €187,787 | €187,787 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,652 | €30,482 | -€14,170 | -31.7% |
| Amounts payable | 17/49 | €4,806 | €2,367 | -€2,439 | -50.7% |
| Amounts payable within one year | 42/48 | €2,859 | €2,367 | -€492 | -17.2% |
| Trade debts | 44 | €492 | - | -€492 | |
| Suppliers | 440/4 | €492 | - | -€492 | |
| Other amounts payable | 47/48 | €2,367 | €2,367 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,946 | - | -€1,946 | |
| Turnover | 70 | €5,872 | €38,991 | +€33,119 | +564.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €27,371 | €18,519 | -€8,853 | -32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,167 | €28,473 | +€6,306 | +28.4% |
| Other operating charges | 640/8 | €2,383 | €2,458 | +€75 | +3.1% |
| Non-recurring operating charges | 66A | - | €2,975 | +€2,975 | |
| Gross operating margin | 9900 | €23,501 | €20,473 | -€3,028 | -12.9% |
| Operating profit (loss) | 9901 | -€1,049 | -€13,434 | -€12,384 | -1180.0% |
| Financial charges | 65/66B | €153 | €153 | = | 0.0% |
| Recurring financial charges | 65 | €153 | €153 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,203 | -€13,587 | -€12,384 | -1029.7% |
| Income taxes | 67/77 | - | €583 | +€583 | |
| Profit (loss) for the period | 9904 | -€1,203 | -€14,170 | -€12,967 | -1078.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,203 | -€14,170 | -€12,967 | -1078.1% |
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.