ForsVC Partners: 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.
ForsVC Partners
Largest movements
- Receivables within one year -€100,186
down €100,186 (-35.0%), from €286,301 to €186,115
of which Other amounts receivable: -€56,875
- Cash +€12,320
up €12,320 (+246%), from €5,000 to €17,320
mainly Receivables within one year (+€100,186) and Net result for the year (+€2,517)
- Accrued charges and deferred income -€65,000
down €65,000 (-72.2%), from €90,000 to €25,000
- Trade debts -€19,958
down €19,958 (-26.3%), from €75,863 to €55,906
- Tax, wage and social debts -€6,897
down €6,897 (-33.2%), from €20,763 to €13,866
- Purchases and services +€104,314
up €104,314 (+26.0%), from €400,519 to €504,833
- Turnover +€93,844
up €93,844 (+22.9%), from €409,938 to €503,782
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 | €317,824 | €228,487 | -€89,337 | -28.1% |
| Fixed assets | 21/28 | €26,523 | €25,000 | -€1,523 | -5.7% |
| Intangible fixed assets | 21 | €1,523 | - | -€1,523 | |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €291,301 | €203,487 | -€87,815 | -30.1% |
| Amounts receivable within one year | 40/41 | €286,301 | €186,115 | -€100,186 | -35.0% |
| Trade receivables | 40 | €155,406 | €112,095 | -€43,311 | -27.9% |
| Other amounts receivable | 41 | €130,895 | €74,020 | -€56,875 | -43.5% |
| Cash at bank and in hand | 54/58 | €5,000 | €17,320 | +€12,320 | +246% |
| Deferred charges and accrued income | 490/1 | - | €52 | +€52 | |
| Total equity and liabilities | 10/49 | €317,824 | €228,487 | -€89,337 | -28.1% |
| Equity | 10/15 | €131,198 | €133,715 | +€2,517 | +1.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €69,650 | €72,150 | +€2,500 | +3.6% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €63,500 | €66,000 | +€2,500 | +3.9% |
| Profit (loss) carried forward | 14 | €48 | €65 | +€17 | +35.4% |
| Amounts payable | 17/49 | €186,626 | €94,771 | -€91,854 | -49.2% |
| Amounts payable within one year | 42/48 | €96,626 | €69,771 | -€26,854 | -27.8% |
| Trade debts | 44 | €75,863 | €55,906 | -€19,958 | -26.3% |
| Suppliers | 440/4 | €75,863 | €55,906 | -€19,958 | -26.3% |
| Taxes, remuneration and social security | 45 | €20,763 | €13,866 | -€6,897 | -33.2% |
| Taxes | 450/3 | €20,763 | €13,866 | -€6,897 | -33.2% |
| Accrued charges and deferred income | 492/3 | €90,000 | €25,000 | -€65,000 | -72.2% |
| Turnover | 70 | €409,938 | €503,782 | +€93,844 | +22.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €400,519 | €504,833 | +€104,314 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,797 | €1,523 | -€275 | -15.3% |
| Other operating charges | 640/8 | €622 | €3,594 | +€2,972 | +478% |
| Gross operating margin | 9900 | €9,420 | €8,926 | -€494 | -5.2% |
| Operating profit (loss) | 9901 | €7,000 | €3,809 | -€3,192 | -45.6% |
| Financial income | 75/76B | €298 | €806 | +€508 | +171% |
| Recurring financial income | 75 | €298 | €806 | +€508 | +171% |
| Financial charges | 65/66B | €2,316 | €344 | -€1,972 | -85.1% |
| Recurring financial charges | 65 | €2,316 | €344 | -€1,972 | -85.1% |
| Profit (loss) for the period before taxes | 9903 | €4,982 | €4,270 | -€712 | -14.3% |
| Income taxes | 67/77 | €1,405 | €1,753 | +€349 | +24.8% |
| Profit (loss) for the period | 9904 | €3,577 | €2,517 | -€1,060 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,577 | €2,517 | -€1,060 | -29.6% |
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 22 October 2026 via checked.be.