Forward Institute: 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 Institute
Largest movements
- Cash +€8,621
up €8,621 (+10,788%), from €80 to €8,701
mainly Net result for the year (+€6,884) and Tax, wage and social debts (+€1,089)
- Receivables within one year -€393
down €393 (-28.3%), from €1,392 to €999
of which Other amounts receivable: -€393
- Profit (loss) carried forward +€6,884
up €6,884 (+77.1%), from -€8,931 to -€2,047
- Tax, wage and social debts +€1,089
new in 2025: €1,089
- Other debts +€255
up €255 (+3.4%), from €7,578 to €7,832
- Gross operating margin +€9,337
up €9,337, from -€1,937 to €7,400
- Financial charges -€387
down €387 (-78.7%), from €491 to €105
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 | €1,472 | €9,700 | +€8,227 | +559% |
| Current assets | 29/58 | €1,472 | €9,700 | +€8,227 | +559% |
| Amounts receivable within one year | 40/41 | €1,392 | €999 | -€393 | -28.3% |
| Trade receivables | 40 | €999 | €999 | = | 0.0% |
| Other amounts receivable | 41 | €393 | - | -€393 | |
| Cash at bank and in hand | 54/58 | €80 | €8,701 | +€8,621 | +10,788% |
| Total equity and liabilities | 10/49 | €1,472 | €9,700 | +€8,227 | +559% |
| Equity | 10/15 | -€6,931 | -€47 | +€6,884 | +99.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,931 | -€2,047 | +€6,884 | +77.1% |
| Amounts payable | 17/49 | €8,403 | €9,747 | +€1,343 | +16.0% |
| Amounts payable within one year | 42/48 | €8,403 | €9,747 | +€1,343 | +16.0% |
| Trade debts | 44 | €826 | €826 | = | 0.0% |
| Suppliers | 440/4 | €826 | €826 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €1,089 | +€1,089 | |
| Taxes | 450/3 | - | €1,089 | +€1,089 | |
| Other amounts payable | 47/48 | €7,578 | €7,832 | +€255 | +3.4% |
| Other operating charges | 640/8 | €387 | €411 | +€24 | +6.2% |
| Gross operating margin | 9900 | -€1,937 | €7,400 | +€9,337 | |
| Operating profit (loss) | 9901 | -€2,324 | €6,989 | +€9,313 | |
| Financial charges | 65/66B | €491 | €105 | -€387 | -78.7% |
| Recurring financial charges | 65 | €491 | €105 | -€387 | -78.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,815 | €6,884 | +€9,700 | |
| Profit (loss) for the period | 9904 | -€2,815 | €6,884 | +€9,700 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,815 | €6,884 | +€9,700 |
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 24 October 2026 via checked.be.