Forward Consulting: 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.
Forward Consulting
Largest movements
- Cash +€22,844
up €22,844 (+63.3%), from €36,094 to €58,938
mainly Net result for the year (+€76,216) and Depreciation (+€6,189)
- Tangible fixed assets +€15,568
up €15,568 (+125.1%), from €12,444 to €28,011
- Receivables within one year +€5,381
up €5,381 (+22.2%), from €24,202 to €29,583
of which Other amounts receivable: +€4,501
- Reserves +€48,550
up €48,550 (+184.5%), from €26,310 to €74,860
of which Distributable reserves: +€48,550
- Tax, wage and social debts -€7,337
down €7,337 (-50.2%), from €14,614 to €7,277
of which Taxes: -€7,497
- Profit (loss) carried forward +€3,216
up €3,216 (+37.0%), from €8,696 to €11,912
- Gross operating margin +€40,991
up €40,991 (+59.2%), from €69,258 to €110,249
- Taxes +€16,730
up €16,730 (+172.1%), from €9,720 to €26,450
- Depreciation +€3,848
up €3,848 (+164.4%), from €2,341 to €6,189
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 | €72,740 | €116,532 | +€43,792 | +60.2% |
| Fixed assets | 21/28 | €12,444 | €28,011 | +€15,568 | +125.1% |
| Tangible fixed assets | 22/27 | €12,444 | €28,011 | +€15,568 | +125.1% |
| Plant, machinery and equipment | 23 | €5,914 | €11,104 | +€5,191 | +87.8% |
| Furniture and vehicles | 24 | €6,530 | €9,725 | +€3,195 | +48.9% |
| Other tangible fixed assets | 26 | - | €7,182 | +€7,182 | |
| Current assets | 29/58 | €60,296 | €88,521 | +€28,224 | +46.8% |
| Amounts receivable within one year | 40/41 | €24,202 | €29,583 | +€5,381 | +22.2% |
| Trade receivables | 40 | €24,202 | €25,082 | +€879 | +3.6% |
| Other amounts receivable | 41 | €0 | €4,501 | +€4,501 | |
| Cash at bank and in hand | 54/58 | €36,094 | €58,938 | +€22,844 | +63.3% |
| Total equity and liabilities | 10/49 | €72,740 | €116,532 | +€43,792 | +60.2% |
| Equity | 10/15 | €41,206 | €92,972 | +€51,766 | +125.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €26,310 | €74,860 | +€48,550 | +184.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €24,450 | €73,000 | +€48,550 | +198.6% |
| Profit (loss) carried forward | 14 | €8,696 | €11,912 | +€3,216 | +37.0% |
| Amounts payable | 17/49 | €31,534 | €23,560 | -€7,974 | -25.3% |
| Amounts payable within one year | 42/48 | €31,534 | €23,560 | -€7,974 | -25.3% |
| Trade debts | 44 | €2,824 | €2,333 | -€491 | -17.4% |
| Suppliers | 440/4 | €2,824 | €2,333 | -€491 | -17.4% |
| Taxes, remuneration and social security | 45 | €14,614 | €7,277 | -€7,337 | -50.2% |
| Taxes | 450/3 | €14,502 | €7,005 | -€7,497 | -51.7% |
| Remuneration and social security | 454/9 | €112 | €272 | +€160 | +142.9% |
| Other amounts payable | 47/48 | €14,096 | €13,950 | -€146 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,341 | €6,189 | +€3,848 | +164.4% |
| Other operating charges | 640/8 | €1,074 | €1,260 | +€186 | +17.3% |
| Gross operating margin | 9900 | €69,258 | €110,249 | +€40,991 | +59.2% |
| Operating profit (loss) | 9901 | €65,843 | €102,800 | +€36,957 | +56.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €118 | €134 | +€16 | +13.5% |
| Recurring financial charges | 65 | €118 | €134 | +€16 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €65,725 | €102,667 | +€36,942 | +56.2% |
| Income taxes | 67/77 | €9,720 | €26,450 | +€16,730 | +172.1% |
| Profit (loss) for the period | 9904 | €56,005 | €76,216 | +€20,211 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,005 | €76,216 | +€20,211 | +36.1% |
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 9 October 2026 via checked.be.