FORWOOD: 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.
FORWOOD
Largest movements
- Cash +€32,884
up €32,884 (+173%), from €18,998 to €51,881
mainly Net result for the year (+€47,288) and Other debts (+€5,919)
- Receivables within one year +€9,210
up €9,210 (+74.5%), from €12,366 to €21,576
of which Trade receivables: +€9,114
- Reserves +€47,288
up €47,288 (+795%), from €5,945 to €53,233
- Tax, wage and social debts -€12,090
down €12,090 (-51.3%), from €23,551 to €11,461
of which Remuneration and social security: -€14,000
- Other debts +€5,919
up €5,919 (+8,456%), from €70 to €5,989
- Trade debts +€1,001
new in 2025: €1,001
- Gross operating margin +€51,857
up €51,857 (+696%), from €7,451 to €59,308
- Taxes +€10,457
up €10,457 (+704%), from €1,486 to €11,943
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 | €31,566 | €73,684 | +€42,118 | +133% |
| Current assets | 29/58 | €31,566 | €73,684 | +€42,118 | +133% |
| Amounts receivable within one year | 40/41 | €12,366 | €21,576 | +€9,210 | +74.5% |
| Trade receivables | 40 | €12,364 | €21,478 | +€9,114 | +73.7% |
| Other amounts receivable | 41 | €2 | €98 | +€96 | +4,180% |
| Cash at bank and in hand | 54/58 | €18,998 | €51,881 | +€32,884 | +173% |
| Deferred charges and accrued income | 490/1 | €203 | €226 | +€24 | +11.8% |
| Total equity and liabilities | 10/49 | €31,566 | €73,684 | +€42,118 | +133% |
| Equity | 10/15 | €7,945 | €55,233 | +€47,288 | +595% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €5,945 | €53,233 | +€47,288 | +795% |
| Distributable reserves | 133 | €5,945 | €53,233 | +€47,288 | +795% |
| Amounts payable | 17/49 | €23,621 | €18,451 | -€5,170 | -21.9% |
| Amounts payable within one year | 42/48 | €23,621 | €18,451 | -€5,170 | -21.9% |
| Trade debts | 44 | - | €1,001 | +€1,001 | |
| Suppliers | 440/4 | - | €1,001 | +€1,001 | |
| Taxes, remuneration and social security | 45 | €23,551 | €11,461 | -€12,090 | -51.3% |
| Taxes | 450/3 | €9,551 | €11,461 | +€1,910 | +20.0% |
| Remuneration and social security | 454/9 | €14,000 | - | -€14,000 | |
| Other amounts payable | 47/48 | €70 | €5,989 | +€5,919 | +8,456% |
| Gross operating margin | 9900 | €7,451 | €59,308 | +€51,857 | +696% |
| Operating profit (loss) | 9901 | €7,451 | €59,308 | +€51,857 | +696% |
| Financial charges | 65/66B | €20 | €77 | +€57 | +280% |
| Recurring financial charges | 65 | €20 | €77 | +€57 | +280% |
| Profit (loss) for the period before taxes | 9903 | €7,431 | €59,231 | +€51,800 | +697% |
| Income taxes | 67/77 | €1,486 | €11,943 | +€10,457 | +704% |
| Profit (loss) for the period | 9904 | €5,945 | €47,288 | +€41,343 | +695% |
| Profit (loss) for the period to be appropriated | 9905 | €5,945 | €47,288 | +€41,343 | +695% |
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 16 October 2026 via checked.be.