FORWARDIS: 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.
FORWARDIS
Largest movements
- Tangible fixed assets +€4,690
up €4,690 (+125.6%), from €3,736 to €8,426
of which Plant, machinery and equipment: +€5,829
- Receivables within one year -€1,746
down €1,746 (-10.1%), from €17,243 to €15,497
of which Trade receivables: -€2,432
- Other debts +€9,645
up €9,645 (+13.5%), from €71,678 to €81,323
- Profit (loss) carried forward -€6,424
no longer reported in 2025 (was €6,424)
- Tax, wage and social debts -€3,628
down €3,628 (-10.7%), from €33,936 to €30,307
- Trade debts +€2,349
up €2,349 (+129.1%), from €1,819 to €4,168
- Gross operating margin +€26,480
up €26,480 (+26.3%), from €100,496 to €126,976
- Taxes +€10,709
up €10,709 (+48.9%), from €21,892 to €32,601
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 | €134,317 | €136,258 | +€1,941 | +1.4% |
| Fixed assets | 21/28 | €3,736 | €8,426 | +€4,690 | +125.6% |
| Tangible fixed assets | 22/27 | €3,736 | €8,426 | +€4,690 | +125.6% |
| Plant, machinery and equipment | 23 | - | €5,829 | +€5,829 | |
| Furniture and vehicles | 24 | €2,265 | €1,575 | -€690 | -30.4% |
| Leasing and similar rights | 25 | €1,471 | €1,022 | -€449 | -30.5% |
| Current assets | 29/58 | €130,582 | €127,832 | -€2,749 | -2.1% |
| Amounts receivable within one year | 40/41 | €17,243 | €15,497 | -€1,746 | -10.1% |
| Trade receivables | 40 | €17,243 | €14,811 | -€2,432 | -14.1% |
| Other amounts receivable | 41 | - | €686 | +€686 | |
| Cash at bank and in hand | 54/58 | €110,766 | €109,640 | -€1,126 | -1.0% |
| Deferred charges and accrued income | 490/1 | €2,573 | €2,695 | +€123 | +4.8% |
| Total equity and liabilities | 10/49 | €134,317 | €136,258 | +€1,941 | +1.4% |
| Equity | 10/15 | €26,884 | €20,460 | -€6,424 | -23.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,424 | - | -€6,424 | |
| Amounts payable | 17/49 | €107,433 | €115,798 | +€8,365 | +7.8% |
| Amounts payable within one year | 42/48 | €107,433 | €115,798 | +€8,365 | +7.8% |
| Trade debts | 44 | €1,819 | €4,168 | +€2,349 | +129.1% |
| Suppliers | 440/4 | €1,819 | €4,168 | +€2,349 | +129.1% |
| Taxes, remuneration and social security | 45 | €33,936 | €30,307 | -€3,628 | -10.7% |
| Taxes | 450/3 | €33,936 | €30,307 | -€3,628 | -10.7% |
| Other amounts payable | 47/48 | €71,678 | €81,323 | +€9,645 | +13.5% |
| Remuneration, social security and pensions | 62 | €1,528 | €1,565 | +€37 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,139 | €1,310 | +€171 | +15.0% |
| Other operating charges | 640/8 | €251 | €648 | +€397 | +158.3% |
| Gross operating margin | 9900 | €100,496 | €126,976 | +€26,480 | +26.3% |
| Operating profit (loss) | 9901 | €97,579 | €123,453 | +€25,874 | +26.5% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €2,057 | €1,604 | -€452 | -22.0% |
| Recurring financial charges | 65 | €2,057 | €1,604 | -€452 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €95,522 | €121,851 | +€26,328 | +27.6% |
| Income taxes | 67/77 | €21,892 | €32,601 | +€10,709 | +48.9% |
| Profit (loss) for the period | 9904 | €73,630 | €89,250 | +€15,619 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €73,630 | €89,250 | +€15,619 | +21.2% |
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 12 October 2026 via checked.be.