FORZA: 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.
FORZA
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€67,714
down €67,714 (-14.1%), from €481,429 to €413,714
- Reserves +€45,871
up €45,871 (+35.0%), from €131,235 to €177,106
- Other debts +€18,963
up €18,963 (+4.5%), from €419,091 to €438,054
- Financial income +€9,892
up €9,892 (+16.5%), from €60,108 to €70,000
- Gross operating margin -€3,068
down €3,068 (-24.8%), from €12,363 to €9,295
- Financial charges -€1,966
down €1,966 (-7.0%), from €28,168 to €26,202
- Depreciation +€812
new in 2025: €812
- Other operating charges +€695
up €695 (+65.7%), from €1,059 to €1,754
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 | €1,161,749 | €1,162,772 | +€1,023 | +0.1% |
| Fixed assets | 21/28 | €1,150,000 | €1,155,187 | +€5,187 | +0.5% |
| Tangible fixed assets | 22/27 | - | €5,187 | +€5,187 | |
| Furniture and vehicles | 24 | - | €5,187 | +€5,187 | |
| Financial fixed assets | 28 | €1,150,000 | €1,150,000 | = | 0.0% |
| Current assets | 29/58 | €11,749 | €7,585 | -€4,165 | -35.4% |
| Amounts receivable within one year | 40/41 | €1,325 | €1,325 | = | 0.0% |
| Trade receivables | 40 | €1,325 | €1,325 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,424 | €6,260 | -€4,165 | -40.0% |
| Total equity and liabilities | 10/49 | €1,161,749 | €1,162,772 | +€1,023 | +0.1% |
| Equity | 10/15 | €149,835 | €195,706 | +€45,871 | +30.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €131,235 | €177,106 | +€45,871 | +35.0% |
| Distributable reserves | 133 | €131,235 | €177,106 | +€45,871 | +35.0% |
| Amounts payable | 17/49 | €1,011,914 | €967,065 | -€44,849 | -4.4% |
| Amounts payable after more than one year | 17 | €481,429 | €413,714 | -€67,714 | -14.1% |
| Financial debts | 170/4 | €481,429 | €413,714 | -€67,714 | -14.1% |
| Amounts payable within one year | 42/48 | €530,485 | €553,351 | +€22,866 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €95,714 | €95,714 | = | 0.0% |
| Trade debts | 44 | €209 | €4,032 | +€3,824 | +1833.7% |
| Suppliers | 440/4 | €209 | €4,032 | +€3,824 | +1833.7% |
| Taxes, remuneration and social security | 45 | €15,471 | €15,551 | +€79 | +0.5% |
| Taxes | 450/3 | €12,971 | €10,551 | -€2,421 | -18.7% |
| Remuneration and social security | 454/9 | €2,500 | €5,000 | +€2,500 | +100.0% |
| Other amounts payable | 47/48 | €419,091 | €438,054 | +€18,963 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €812 | +€812 | |
| Other operating charges | 640/8 | €1,059 | €1,754 | +€695 | +65.7% |
| Gross operating margin | 9900 | €12,363 | €9,295 | -€3,068 | -24.8% |
| Operating profit (loss) | 9901 | €11,305 | €6,729 | -€4,576 | -40.5% |
| Financial income | 75/76B | €60,108 | €70,000 | +€9,892 | +16.5% |
| Recurring financial income | 75 | €60,108 | €70,000 | +€9,892 | +16.5% |
| Financial charges | 65/66B | €28,168 | €26,202 | -€1,966 | -7.0% |
| Recurring financial charges | 65 | €28,168 | €26,202 | -€1,966 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €43,245 | €50,527 | +€7,282 | +16.8% |
| Income taxes | 67/77 | €4,166 | €4,656 | +€490 | +11.8% |
| Profit (loss) for the period | 9904 | €39,079 | €45,871 | +€6,792 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,079 | €45,871 | +€6,792 | +17.4% |
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 11 October 2026 via checked.be.