Forthbound Software: 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.
Forthbound Software
Largest movements
- Cash +€44,553
up €44,553 (+75.0%), from €59,365 to €103,918
mainly Net result for the year (+€47,280) and Tax, wage and social debts (+€16,196)
- Receivables within one year +€13,260
up €13,260 (+177%), from €7,472 to €20,732
of which Trade receivables: +€11,229
- Tangible fixed assets -€6,758
down €6,758 (-11.4%), from €59,513 to €52,755
of which Leasing and similar rights: -€12,297
- Profit (loss) carried forward +€47,280
up €47,280 (+92.6%), from €51,059 to €98,339
- Tax, wage and social debts +€16,196
up €16,196 (+84.4%), from €19,185 to €35,381
of which Taxes: +€14,096
- Debts after one year -€10,322
down €10,322 (-26.5%), from €38,888 to €28,566
- Trade debts -€2,516
down €2,516 (-40.5%), from €6,206 to €3,690
- Depreciation +€8,759
up €8,759 (+155%), from €5,650 to €14,409
- Gross operating margin +€4,994
up €4,994 (+6.9%), from €72,624 to €77,618
- Financial charges +€1,052
up €1,052 (+107%), from €986 to €2,038
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 | €128,645 | €179,297 | +€50,652 | +39.4% |
| Fixed assets | 21/28 | €59,513 | €52,755 | -€6,758 | -11.4% |
| Tangible fixed assets | 22/27 | €59,513 | €52,755 | -€6,758 | -11.4% |
| Plant, machinery and equipment | 23 | €2,239 | €1,412 | -€827 | -36.9% |
| Furniture and vehicles | 24 | - | €2,350 | +€2,350 | |
| Leasing and similar rights | 25 | €57,273 | €44,976 | -€12,297 | -21.5% |
| Other tangible fixed assets | 26 | - | €4,017 | +€4,017 | |
| Current assets | 29/58 | €69,132 | €126,542 | +€57,410 | +83.0% |
| Amounts receivable within one year | 40/41 | €7,472 | €20,732 | +€13,260 | +177% |
| Trade receivables | 40 | €7,472 | €18,701 | +€11,229 | +150% |
| Other amounts receivable | 41 | - | €2,031 | +€2,031 | |
| Cash at bank and in hand | 54/58 | €59,365 | €103,918 | +€44,553 | +75.0% |
| Deferred charges and accrued income | 490/1 | €2,296 | €1,893 | -€403 | -17.6% |
| Total equity and liabilities | 10/49 | €128,645 | €179,297 | +€50,652 | +39.4% |
| Equity | 10/15 | €54,059 | €101,339 | +€47,280 | +87.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,059 | €98,339 | +€47,280 | +92.6% |
| Amounts payable | 17/49 | €74,586 | €77,958 | +€3,372 | +4.5% |
| Amounts payable after more than one year | 17 | €38,888 | €28,566 | -€10,322 | -26.5% |
| Financial debts | 170/4 | €38,888 | €28,566 | -€10,322 | -26.5% |
| Amounts payable within one year | 42/48 | €35,698 | €49,393 | +€13,694 | +38.4% |
| Current portion of amounts payable after more than one year | 42 | €9,935 | €10,322 | +€387 | +3.9% |
| Trade debts | 44 | €6,206 | €3,690 | -€2,516 | -40.5% |
| Suppliers | 440/4 | €6,206 | €3,690 | -€2,516 | -40.5% |
| Taxes, remuneration and social security | 45 | €19,185 | €35,381 | +€16,196 | +84.4% |
| Taxes | 450/3 | €19,185 | €33,281 | +€14,096 | +73.5% |
| Remuneration and social security | 454/9 | - | €2,100 | +€2,100 | |
| Other amounts payable | 47/48 | €372 | - | -€372 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,650 | €14,409 | +€8,759 | +155% |
| Other operating charges | 640/8 | €1,330 | €1,043 | -€287 | -21.5% |
| Gross operating margin | 9900 | €72,624 | €77,618 | +€4,994 | +6.9% |
| Operating profit (loss) | 9901 | €65,645 | €62,166 | -€3,479 | -5.3% |
| Financial income | 75/76B | €0 | €27 | +€27 | +134,350% |
| Recurring financial income | 75 | €0 | €27 | +€27 | +134,350% |
| Financial charges | 65/66B | €986 | €2,038 | +€1,052 | +107% |
| Recurring financial charges | 65 | €986 | €2,038 | +€1,052 | +107% |
| Profit (loss) for the period before taxes | 9903 | €64,659 | €60,155 | -€4,504 | -7.0% |
| Income taxes | 67/77 | €13,600 | €12,875 | -€725 | -5.3% |
| Profit (loss) for the period | 9904 | €51,059 | €47,280 | -€3,778 | -7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,059 | €47,280 | -€3,778 | -7.4% |
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 25 October 2026 via checked.be.