FORZA BELGIUM: 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 BELGIUM
Largest movements
- Cash +€51,254
up €51,254 (+6.5%), from €789,185 to €840,439
mainly Net result for the year (+€36,918) and Depreciation (+€22,152)
- Tangible fixed assets -€22,153
down €22,153 (-44.4%), from €49,843 to €27,690
- Receivables within one year +€21,580
up €21,580 (+24.4%), from €88,287 to €109,867
- Profit (loss) carried forward +€36,919
up €36,919 (+4.2%), from €882,099 to €919,018
- Other debts +€11,621
up €11,621 (+93.5%), from €12,430 to €24,051
- Taxes +€61,643
up €61,643, from -€2,568 to €59,075
- Purchases and services -€60,515
down €60,515 (-7.1%), from €847,525 to €787,010
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 | €930,054 | €980,024 | +€49,970 | +5.4% |
| Fixed assets | 21/28 | €49,894 | €27,741 | -€22,153 | -44.4% |
| Tangible fixed assets | 22/27 | €49,843 | €27,690 | -€22,153 | -44.4% |
| Furniture and vehicles | 24 | €49,843 | €27,690 | -€22,153 | -44.4% |
| Financial fixed assets | 28 | €51 | €51 | = | 0.0% |
| Current assets | 29/58 | €880,160 | €952,283 | +€72,123 | +8.2% |
| Stocks and contracts in progress | 3 | €2,688 | €1,977 | -€711 | -26.5% |
| Stocks | 30/36 | €2,688 | €1,977 | -€711 | -26.5% |
| Amounts receivable within one year | 40/41 | €88,287 | €109,867 | +€21,580 | +24.4% |
| Trade receivables | 40 | €88,287 | €109,867 | +€21,580 | +24.4% |
| Cash at bank and in hand | 54/58 | €789,185 | €840,439 | +€51,254 | +6.5% |
| Total equity and liabilities | 10/49 | €930,054 | €980,024 | +€49,970 | +5.4% |
| Equity | 10/15 | €902,559 | €939,478 | +€36,919 | +4.1% |
| 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 | €882,099 | €919,018 | +€36,919 | +4.2% |
| Amounts payable | 17/49 | €27,495 | €40,546 | +€13,051 | +47.5% |
| Amounts payable within one year | 42/48 | €27,495 | €40,546 | +€13,051 | +47.5% |
| Trade debts | 44 | €1,036 | €140 | -€896 | -86.5% |
| Suppliers | 440/4 | €1,036 | €140 | -€896 | -86.5% |
| Taxes, remuneration and social security | 45 | €14,029 | €16,355 | +€2,326 | +16.6% |
| Taxes | 450/3 | €14,029 | €16,355 | +€2,326 | +16.6% |
| Other amounts payable | 47/48 | €12,430 | €24,051 | +€11,621 | +93.5% |
| Turnover | 70 | €988,843 | €985,324 | -€3,519 | -0.4% |
| Non-recurring operating income | 76A | €120 | €120 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €847,525 | €787,010 | -€60,515 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,614 | €22,152 | +€5,538 | +33.3% |
| Other operating charges | 640/8 | €505 | €527 | +€22 | +4.4% |
| Gross operating margin | 9900 | €141,437 | €142,377 | +€940 | +0.7% |
| Operating profit (loss) | 9901 | €124,318 | €119,698 | -€4,620 | -3.7% |
| Financial income | 75/76B | €3,241 | €3,881 | +€640 | +19.7% |
| Recurring financial income | 75 | €3,241 | €3,881 | +€640 | +19.7% |
| Financial charges | 65/66B | €27,639 | €27,586 | -€53 | -0.2% |
| Recurring financial charges | 65 | €27,639 | €27,586 | -€53 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €99,920 | €95,993 | -€3,927 | -3.9% |
| Income taxes | 67/77 | -€2,568 | €59,075 | +€61,643 | |
| Profit (loss) for the period | 9904 | €102,488 | €36,918 | -€65,570 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €102,488 | €36,918 | -€65,570 | -64.0% |
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 23 October 2026 via checked.be.