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
- Receivables within one year -€15,844
down €15,844 (-81.7%), from €19,383 to €3,538
of which Trade receivables: -€15,962
- Tangible fixed assets +€3,196
new in 2025: €3,196
- Cash +€334
up €334 (+68.8%), from €485 to €819
mainly Receivables within one year (+€15,844) and Other debts (+€15,166)
- Profit (loss) carried forward -€17,314
down €17,314 (-16.8%), from -€102,946 to -€120,260
- Other debts +€15,166
up €15,166 (+24.0%), from €63,070 to €78,237
- Trade debts -€5,910
down €5,910 (-39.4%), from €15,008 to €9,098
- Tax, wage and social debts -€4,289
no longer reported in 2025 (was €4,289)
- Gross operating margin -€23,157
down €23,157, from €10,116 to -€13,041
- Depreciation +€983
new in 2025: €983
- Financial charges -€636
down €636 (-22.2%), from €2,861 to €2,225
- Staff costs +€417
up €417 (+108%), from €387 to €804
- Other operating charges -€178
down €178 (-40.6%), from €439 to €261
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 | €20,322 | €8,006 | -€12,315 | -60.6% |
| Fixed assets | 21/28 | - | €3,196 | +€3,196 | |
| Tangible fixed assets | 22/27 | - | €3,196 | +€3,196 | |
| Furniture and vehicles | 24 | - | €3,196 | +€3,196 | |
| Current assets | 29/58 | €20,322 | €4,811 | -€15,511 | -76.3% |
| Amounts receivable within one year | 40/41 | €19,383 | €3,538 | -€15,844 | -81.7% |
| Trade receivables | 40 | €19,383 | €3,421 | -€15,962 | -82.4% |
| Other amounts receivable | 41 | - | €118 | +€118 | |
| Cash at bank and in hand | 54/58 | €485 | €819 | +€334 | +68.8% |
| Deferred charges and accrued income | 490/1 | €454 | €454 | = | 0.0% |
| Total equity and liabilities | 10/49 | €20,322 | €8,006 | -€12,315 | -60.6% |
| Equity | 10/15 | -€77,005 | -€94,319 | -€17,314 | -22.5% |
| Contributions | 10/11 | €11,100 | €11,100 | = | 0.0% |
| Reserves | 13 | €14,841 | €14,841 | = | 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% |
| Tax-exempt reserves | 132 | €62 | €62 | = | 0.0% |
| Distributable reserves | 133 | €12,919 | €12,919 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,946 | -€120,260 | -€17,314 | -16.8% |
| Amounts payable | 17/49 | €97,327 | €102,325 | +€4,998 | +5.1% |
| Amounts payable within one year | 42/48 | €97,327 | €102,325 | +€4,998 | +5.1% |
| Financial debts | 43 | €14,959 | €14,991 | +€32 | +0.2% |
| Credit institutions | 430/8 | €14,959 | €14,991 | +€32 | +0.2% |
| Trade debts | 44 | €15,008 | €9,098 | -€5,910 | -39.4% |
| Suppliers | 440/4 | €15,008 | €9,098 | -€5,910 | -39.4% |
| Taxes, remuneration and social security | 45 | €4,289 | - | -€4,289 | |
| Taxes | 450/3 | €4,289 | - | -€4,289 | |
| Other amounts payable | 47/48 | €63,070 | €78,237 | +€15,166 | +24.0% |
| Non-recurring operating income | 76A | €58 | €86 | +€28 | +49.2% |
| Remuneration, social security and pensions | 62 | €387 | €804 | +€417 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €983 | +€983 | |
| Other operating charges | 640/8 | €439 | €261 | -€178 | -40.6% |
| Gross operating margin | 9900 | €10,116 | -€13,041 | -€23,157 | |
| Operating profit (loss) | 9901 | €9,290 | -€15,089 | -€24,379 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,861 | €2,225 | -€636 | -22.2% |
| Recurring financial charges | 65 | €2,861 | €2,225 | -€636 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €6,429 | -€17,314 | -€23,743 | |
| Profit (loss) for the period | 9904 | €6,429 | -€17,314 | -€23,743 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,429 | -€17,314 | -€23,743 |
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 14 October 2026 via checked.be.