FORUM OFFICE: 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.
FORUM OFFICE
Largest movements
- Receivables within one year +€726,333
up €726,333 (+139%), from €523,540 to €1.2m
of which Trade receivables: +€656,278
- Cash +€68,675
up €68,675 (+207%), from €33,176 to €101,851
mainly Net result for the year (+€409,713) and Short-term financial debts (+€250,000)
- Tangible fixed assets -€37,296
down €37,296 (-4.8%), from €769,817 to €732,520
of which Other tangible fixed assets: -€20,088
- Profit (loss) carried forward +€372,107
no longer reported in 2025 (was -€372,107)
- Short-term financial debts +€250,000
up €250,000 (+100%), from €250,000 to €500,000
- Tax, wage and social debts +€106,986
up €106,986 (+187%), from €57,243 to €164,229
of which Taxes: +€90,194
- Trade debts -€73,710
down €73,710 (-26.5%), from €278,368 to €204,658
- Current portion of long-term debt +€59,172
up €59,172 (+163%), from €36,380 to €95,552
- Gross operating margin +€539,370
up €539,370 (+373%), from €144,574 to €683,944
- Taxes +€28,909
up €28,909 (+3,720%), from €777 to €29,686
- Staff costs +€24,921
up €24,921 (+20.3%), from €122,781 to €147,702
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 | €1,415,174 | €2,163,523 | +€748,348 | +52.9% |
| Fixed assets | 21/28 | €779,817 | €739,053 | -€40,764 | -5.2% |
| Intangible fixed assets | 21 | - | €6,533 | +€6,533 | |
| Tangible fixed assets | 22/27 | €769,817 | €732,520 | -€37,296 | -4.8% |
| Land and buildings | 22 | €517,429 | €497,746 | -€19,683 | -3.8% |
| Plant, machinery and equipment | 23 | €5,260 | €4,135 | -€1,125 | -21.4% |
| Furniture and vehicles | 24 | €12,751 | €16,351 | +€3,600 | +28.2% |
| Other tangible fixed assets | 26 | €234,377 | €214,289 | -€20,088 | -8.6% |
| Financial fixed assets | 28 | €10,000 | - | -€10,000 | |
| Current assets | 29/58 | €635,358 | €1,424,470 | +€789,112 | +124% |
| Stocks and contracts in progress | 3 | €29,233 | €10,069 | -€19,163 | -65.6% |
| Stocks | 30/36 | €29,233 | €10,069 | -€19,163 | -65.6% |
| Amounts receivable within one year | 40/41 | €523,540 | €1,249,873 | +€726,333 | +139% |
| Trade receivables | 40 | €523,282 | €1,179,560 | +€656,278 | +125% |
| Other amounts receivable | 41 | €259 | €70,314 | +€70,055 | +27,083% |
| Cash at bank and in hand | 54/58 | €33,176 | €101,851 | +€68,675 | +207% |
| Deferred charges and accrued income | 490/1 | €49,409 | €62,677 | +€13,268 | +26.9% |
| Total equity and liabilities | 10/49 | €1,415,174 | €2,163,523 | +€748,348 | +52.9% |
| Equity | 10/15 | €261,549 | €671,262 | +€409,713 | +157% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €603,655 | €641,262 | +€37,607 | +6.2% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €600,655 | €638,262 | +€37,607 | +6.3% |
| Profit (loss) carried forward | 14 | -€372,107 | - | +€372,107 | |
| Amounts payable | 17/49 | €1,153,626 | €1,492,261 | +€338,635 | +29.4% |
| Amounts payable after more than one year | 17 | €521,241 | €483,368 | -€37,873 | -7.3% |
| Financial debts | 170/4 | €521,241 | €483,368 | -€37,873 | -7.3% |
| Amounts payable within one year | 42/48 | €628,528 | €969,597 | +€341,068 | +54.3% |
| Current portion of amounts payable after more than one year | 42 | €36,380 | €95,552 | +€59,172 | +163% |
| Financial debts | 43 | €250,000 | €500,000 | +€250,000 | +100% |
| Credit institutions | 430/8 | €250,000 | €500,000 | +€250,000 | +100% |
| Trade debts | 44 | €278,368 | €204,658 | -€73,710 | -26.5% |
| Suppliers | 440/4 | €278,368 | €204,658 | -€73,710 | -26.5% |
| Taxes, remuneration and social security | 45 | €57,243 | €164,229 | +€106,986 | +187% |
| Taxes | 450/3 | €45,901 | €136,095 | +€90,194 | +196% |
| Remuneration and social security | 454/9 | €11,343 | €28,134 | +€16,791 | +148% |
| Other amounts payable | 47/48 | €6,537 | €5,158 | -€1,379 | -21.1% |
| Accrued charges and deferred income | 492/3 | €3,856 | €39,296 | +€35,440 | +919% |
| Non-recurring operating income | 76A | €4,899 | - | -€4,899 | |
| Remuneration, social security and pensions | 62 | €122,781 | €147,702 | +€24,921 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,992 | €49,754 | -€1,238 | -2.4% |
| Other operating charges | 640/8 | €8,362 | €4,711 | -€3,651 | -43.7% |
| Gross operating margin | 9900 | €144,574 | €683,944 | +€539,370 | +373% |
| Operating profit (loss) | 9901 | -€37,561 | €481,777 | +€519,338 | |
| Financial income | 75/76B | €3,013 | €6,399 | +€3,386 | +112% |
| Recurring financial income | 75 | €3,013 | €6,399 | +€3,386 | +112% |
| Financial charges | 65/66B | €43,062 | €48,776 | +€5,713 | +13.3% |
| Recurring financial charges | 65 | €43,062 | €48,776 | +€5,713 | +13.3% |
| Profit (loss) for the period before taxes | 9903 | -€77,610 | €439,400 | +€517,010 | |
| Income taxes | 67/77 | €777 | €29,686 | +€28,909 | +3,720% |
| Profit (loss) for the period | 9904 | -€78,387 | €409,713 | +€488,101 | |
| Profit (loss) for the period to be appropriated | 9905 | -€78,387 | €409,713 | +€488,101 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.