FORUS: 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.
FORUS
Largest movements
- Tangible fixed assets -€48,985
down €48,985 (-3.8%), from €1.3m to €1.2m
of which Land and buildings: -€47,915
- Debts after one year -€38,520
down €38,520 (-19.6%), from €196,723 to €158,203
of which Other amounts payable: -€25,676
- Gross operating margin +€11,095
up €11,095 (+16.1%), from €68,846 to €79,940
- Depreciation -€3,218
down €3,218 (-5.9%), from €54,403 to €51,185
- Other operating charges -€1,252
down €1,252 (-8.5%), from €14,724 to €13,472
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 | €2,197,266 | €2,167,403 | -€29,863 | -1.4% |
| Fixed assets | 21/28 | €1,291,908 | €1,242,923 | -€48,985 | -3.8% |
| Tangible fixed assets | 22/27 | €1,291,908 | €1,242,923 | -€48,985 | -3.8% |
| Land and buildings | 22 | €1,277,917 | €1,230,002 | -€47,915 | -3.7% |
| Plant, machinery and equipment | 23 | €5,150 | €6,129 | +€979 | +19.0% |
| Furniture and vehicles | 24 | €8,841 | €6,792 | -€2,049 | -23.2% |
| Current assets | 29/58 | €905,358 | €924,480 | +€19,122 | +2.1% |
| Amounts receivable after more than one year | 29 | €712,500 | €712,500 | = | 0.0% |
| Other amounts receivable | 291 | €712,500 | €712,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,708 | €61,830 | +€19,122 | +44.8% |
| Deferred charges and accrued income | 490/1 | €150,150 | €150,150 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,197,266 | €2,167,403 | -€29,863 | -1.4% |
| Equity | 10/15 | €1,945,015 | €1,958,172 | +€13,157 | +0.7% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €3,100 | €3,100 | = | 0.0% |
| Distributable reserves | 133 | €3,100 | €3,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,910,915 | €1,924,072 | +€13,157 | +0.7% |
| Amounts payable | 17/49 | €252,251 | €209,231 | -€43,020 | -17.1% |
| Amounts payable after more than one year | 17 | €196,723 | €158,203 | -€38,520 | -19.6% |
| Financial debts | 170/4 | €144,402 | €131,558 | -€12,844 | -8.9% |
| Other amounts payable | 178/9 | €52,321 | €26,644 | -€25,676 | -49.1% |
| Amounts payable within one year | 42/48 | €11,000 | €6,500 | -€4,500 | -40.9% |
| Other amounts payable | 47/48 | €11,000 | €6,500 | -€4,500 | -40.9% |
| Accrued charges and deferred income | 492/3 | €44,528 | €44,528 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,403 | €51,185 | -€3,218 | -5.9% |
| Other operating charges | 640/8 | €14,724 | €13,472 | -€1,252 | -8.5% |
| Gross operating margin | 9900 | €68,846 | €79,940 | +€11,095 | +16.1% |
| Operating profit (loss) | 9901 | -€282 | €15,283 | +€15,565 | |
| Financial charges | 65/66B | €2,274 | €2,126 | -€149 | -6.5% |
| Recurring financial charges | 65 | €2,274 | €2,126 | -€149 | -6.5% |
| Non-recurring financial charges | 66B | €2,274 | €2,126 | -€149 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,556 | €13,157 | +€15,713 | |
| Profit (loss) for the period | 9904 | -€2,556 | €13,157 | +€15,713 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,556 | €13,157 | +€15,713 |
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 28 September 2026 via checked.be.