FORWISE: 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.
FORWISE
Largest movements
- Receivables within one year +€286,655
up €286,655 (+20.1%), from €1.4m to €1.7m
of which Trade receivables: +€243,230
- Cash -€98,303
down €98,303 (-28.0%), from €351,045 to €252,741
mainly Contributions, distributions and other (-€440,000) and Receivables within one year (-€286,655)
- Deferred charges and accrued income +€30,533
new in 2025: €30,533
- Tangible fixed assets +€26,313
up €26,313 (+49.4%), from €53,261 to €79,574
of which Furniture and vehicles: +€20,978
- Other debts +€192,018
up €192,018 (+76.6%), from €250,694 to €442,712
- Tax, wage and social debts +€66,680
up €66,680 (+18.8%), from €355,181 to €421,861
of which Remuneration and social security: +€49,704
- Advances received -€63,844
no longer reported in 2025 (was €63,844)
- Profit (loss) carried forward +€46,360
new in 2025: €46,360
- Debts after one year +€25,956
new in 2025: €25,956
- Staff costs -€463,007
down €463,007 (-17.4%), from €2.7m to €2.2m
- Gross operating margin -€349,131
down €349,131 (-10.5%), from €3.3m to €3.0m
- Depreciation -€53,946
down €53,946 (-54.4%), from €99,218 to €45,272
- Taxes +€39,808
up €39,808 (+26.8%), from €148,712 to €188,520
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 | €1,879,755 | €2,133,646 | +€253,891 | +13.5% |
| Fixed assets | 21/28 | €103,261 | €138,268 | +€35,007 | +33.9% |
| Intangible fixed assets | 21 | - | €8,694 | +€8,694 | |
| Tangible fixed assets | 22/27 | €53,261 | €79,574 | +€26,313 | +49.4% |
| Furniture and vehicles | 24 | €51,974 | €72,952 | +€20,978 | +40.4% |
| Other tangible fixed assets | 26 | €1,287 | €6,622 | +€5,335 | +414% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €1,776,494 | €1,995,378 | +€218,884 | +12.3% |
| Amounts receivable within one year | 40/41 | €1,425,449 | €1,712,104 | +€286,655 | +20.1% |
| Trade receivables | 40 | €1,126,789 | €1,370,019 | +€243,230 | +21.6% |
| Other amounts receivable | 41 | €298,660 | €342,085 | +€43,425 | +14.5% |
| Cash at bank and in hand | 54/58 | €351,045 | €252,741 | -€98,303 | -28.0% |
| Deferred charges and accrued income | 490/1 | - | €30,533 | +€30,533 | |
| Total equity and liabilities | 10/49 | €1,879,755 | €2,133,646 | +€253,891 | +13.5% |
| Equity | 10/15 | €509,201 | €555,561 | +€46,360 | +9.1% |
| Contributions | 10/11 | €125,531 | €125,531 | = | 0.0% |
| Contributions outside capital | 11 | €125,531 | €125,531 | = | 0.0% |
| Other | 1109/19 | €125,531 | €125,531 | = | 0.0% |
| Reserves | 13 | €383,670 | €383,670 | = | 0.0% |
| Distributable reserves | 133 | €383,670 | €383,670 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €46,360 | +€46,360 | |
| Amounts payable | 17/49 | €1,370,554 | €1,578,085 | +€207,531 | +15.1% |
| Amounts payable after more than one year | 17 | - | €25,956 | +€25,956 | |
| Financial debts | 170/4 | - | €25,956 | +€25,956 | |
| Amounts payable within one year | 42/48 | €1,370,554 | €1,552,129 | +€181,575 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €23,538 | €10,252 | -€13,286 | -56.4% |
| Financial debts | 43 | €40,430 | €48,767 | +€8,337 | +20.6% |
| Credit institutions | 430/8 | €40,430 | €48,767 | +€8,337 | +20.6% |
| Trade debts | 44 | €636,866 | €628,537 | -€8,329 | -1.3% |
| Suppliers | 440/4 | €636,866 | €628,537 | -€8,329 | -1.3% |
| Advances received on contracts in progress | 46 | €63,844 | - | -€63,844 | |
| Taxes, remuneration and social security | 45 | €355,181 | €421,861 | +€66,680 | +18.8% |
| Taxes | 450/3 | €71,658 | €88,634 | +€16,976 | +23.7% |
| Remuneration and social security | 454/9 | €283,523 | €333,227 | +€49,704 | +17.5% |
| Other amounts payable | 47/48 | €250,694 | €442,712 | +€192,018 | +76.6% |
| Remuneration, social security and pensions | 62 | €2,658,171 | €2,195,164 | -€463,007 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,218 | €45,272 | -€53,946 | -54.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €21,934 | €38,631 | +€16,698 | +76.1% |
| Other operating charges | 640/8 | €13,752 | €6,087 | -€7,665 | -55.7% |
| Gross operating margin | 9900 | €3,313,272 | €2,964,141 | -€349,131 | -10.5% |
| Operating profit (loss) | 9901 | €520,197 | €678,987 | +€158,790 | +30.5% |
| Financial income | 75/76B | €2,122 | €2,498 | +€375 | +17.7% |
| Recurring financial income | 75 | €2,122 | €2,498 | +€375 | +17.7% |
| Financial charges | 65/66B | €5,180 | €6,604 | +€1,424 | +27.5% |
| Recurring financial charges | 65 | €5,180 | €6,604 | +€1,424 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €517,139 | €674,880 | +€157,741 | +30.5% |
| Income taxes | 67/77 | €148,712 | €188,520 | +€39,808 | +26.8% |
| Profit (loss) for the period | 9904 | €368,427 | €486,360 | +€117,933 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €368,427 | €486,360 | +€117,933 | +32.0% |
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.