FORUM CONSTRUCT: 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.
FORUM CONSTRUCT
Largest movements
- Cash +€10,594
up €10,594 (+60.4%), from €17,542 to €28,136
mainly Depreciation (+€6,648) and Net result for the year (+€4,034)
- Tangible fixed assets -€6,648
down €6,648 (-7.1%), from €93,463 to €86,815
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€6,031
up €6,031 (+83.3%), from €7,239 to €13,270
- Financial charges -€291
down €291 (-82.9%), from €351 to €60
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 | €564,915 | €568,950 | +€4,035 | +0.7% |
| Fixed assets | 21/28 | €93,463 | €86,815 | -€6,648 | -7.1% |
| Tangible fixed assets | 22/27 | €93,463 | €86,815 | -€6,648 | -7.1% |
| Land and buildings | 22 | €93,463 | €86,815 | -€6,648 | -7.1% |
| Current assets | 29/58 | €471,451 | €482,134 | +€10,683 | +2.3% |
| Amounts receivable within one year | 40/41 | €453,909 | €453,909 | = | 0.0% |
| Other amounts receivable | 41 | €453,909 | €453,909 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,542 | €28,136 | +€10,594 | +60.4% |
| Deferred charges and accrued income | 490/1 | - | €89 | +€89 | |
| Total equity and liabilities | 10/49 | €564,915 | €568,950 | +€4,035 | +0.7% |
| Equity | 10/15 | -€134,479 | -€130,445 | +€4,034 | +3.0% |
| 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 | €17,698 | €17,093 | -€605 | -3.4% |
| Non-distributable reserves | 130/1 | €2,884 | €2,884 | = | 0.0% |
| Legal reserve | 130 | €2,884 | €2,884 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,831 | €12,226 | -€605 | -4.7% |
| Distributable reserves | 133 | €1,983 | €1,983 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€214,177 | -€209,538 | +€4,639 | +2.2% |
| Amounts payable | 17/49 | €699,393 | €699,394 | +€1 | 0.0% |
| Amounts payable after more than one year | 17 | €699,284 | €699,284 | = | 0.0% |
| Other amounts payable | 178/9 | €699,284 | €699,284 | = | 0.0% |
| Amounts payable within one year | 42/48 | €110 | €111 | +€1 | +0.9% |
| Trade debts | 44 | €110 | €111 | +€1 | +0.9% |
| Suppliers | 440/4 | €110 | €111 | +€1 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,648 | €6,648 | = | 0.0% |
| Other operating charges | 640/8 | €2,597 | €2,527 | -€70 | -2.7% |
| Gross operating margin | 9900 | €7,239 | €13,270 | +€6,031 | +83.3% |
| Operating profit (loss) | 9901 | -€2,006 | €4,094 | +€6,101 | |
| Financial charges | 65/66B | €351 | €60 | -€291 | -82.9% |
| Recurring financial charges | 65 | €351 | €60 | -€291 | -82.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,358 | €4,034 | +€6,392 | |
| Profit (loss) for the period | 9904 | -€2,358 | €4,034 | +€6,392 | |
| Transfer from tax-exempt reserves | 789 | €3,322 | €605 | -€2,717 | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €964 | €4,639 | +€3,675 | +381.0% |
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 30 September 2026 via checked.be.