FORZA690: 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.
FORZA690
Largest movements
- Cash +€351,357
up €351,357 (+68.5%), from €513,228 to €864,585
mainly Net result for the year (+€140,916) and Current investments (+€125,000)
- Current investments -€125,000
down €125,000 (-27.8%), from €450,202 to €325,202
- Receivables within one year -€76,126
down €76,126 (-59.3%), from €128,396 to €52,271
of which Other amounts receivable: -€80,038
- Reserves +€140,000
up €140,000 (+12.8%), from €1.1m to €1.2m
- Debts after one year -€53,630
down €53,630 (-12.4%), from €433,633 to €380,003
- Other debts +€51,638
up €51,638 (+8.2%), from €632,368 to €684,007
- Gross operating margin +€133,392
up €133,392 (+41.8%), from €319,101 to €452,493
- Staff costs +€50,969
up €50,969 (+98.4%), from €51,808 to €102,778
- Taxes +€30,830
up €30,830 (+101%), from €30,668 to €61,498
- Depreciation -€27,634
down €27,634 (-22.8%), from €121,125 to €93,491
- Financial charges +€12,123
up €12,123 (+29.3%), from €41,331 to €53,454
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 | €3,859,101 | €4,015,624 | +€156,524 | +4.1% |
| Fixed assets | 21/28 | €2,748,225 | €2,762,520 | +€14,295 | +0.5% |
| Tangible fixed assets | 22/27 | €1,696,025 | €1,710,320 | +€14,295 | +0.8% |
| Land and buildings | 22 | €1,696,025 | €1,710,320 | +€14,295 | +0.8% |
| Financial fixed assets | 28 | €1,052,200 | €1,052,200 | = | 0.0% |
| Current assets | 29/58 | €1,110,876 | €1,253,104 | +€142,229 | +12.8% |
| Amounts receivable within one year | 40/41 | €128,396 | €52,271 | -€76,126 | -59.3% |
| Trade receivables | 40 | €6,940 | €10,852 | +€3,912 | +56.4% |
| Other amounts receivable | 41 | €121,456 | €41,418 | -€80,038 | -65.9% |
| Current investments | 50/53 | €450,202 | €325,202 | -€125,000 | -27.8% |
| Cash at bank and in hand | 54/58 | €513,228 | €864,585 | +€351,357 | +68.5% |
| Deferred charges and accrued income | 490/1 | €19,049 | €11,047 | -€8,002 | -42.0% |
| Total equity and liabilities | 10/49 | €3,859,101 | €4,015,624 | +€156,524 | +4.1% |
| Equity | 10/15 | €2,622,730 | €2,763,646 | +€140,916 | +5.4% |
| Contributions | 10/11 | €194,600 | €194,600 | = | 0.0% |
| Reserves | 13 | €1,097,600 | €1,237,600 | +€140,000 | +12.8% |
| Distributable reserves | 133 | €1,097,600 | €1,237,600 | +€140,000 | +12.8% |
| Profit (loss) carried forward | 14 | €1,330,530 | €1,331,446 | +€916 | +0.1% |
| Amounts payable | 17/49 | €1,236,371 | €1,251,979 | +€15,608 | +1.3% |
| Amounts payable after more than one year | 17 | €433,633 | €380,003 | -€53,630 | -12.4% |
| Financial debts | 170/4 | €433,633 | €380,003 | -€53,630 | -12.4% |
| Amounts payable within one year | 42/48 | €788,155 | €866,998 | +€78,843 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €54,068 | €55,434 | +€1,366 | +2.5% |
| Trade debts | 44 | €9,246 | €7,997 | -€1,248 | -13.5% |
| Suppliers | 440/4 | €9,246 | €7,997 | -€1,248 | -13.5% |
| Taxes, remuneration and social security | 45 | €92,473 | €119,560 | +€27,087 | +29.3% |
| Taxes | 450/3 | €87,834 | €114,736 | +€26,902 | +30.6% |
| Remuneration and social security | 454/9 | €4,639 | €4,824 | +€185 | +4.0% |
| Other amounts payable | 47/48 | €632,368 | €684,007 | +€51,638 | +8.2% |
| Accrued charges and deferred income | 492/3 | €14,584 | €4,978 | -€9,606 | -65.9% |
| Remuneration, social security and pensions | 62 | €51,808 | €102,778 | +€50,969 | +98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,125 | €93,491 | -€27,634 | -22.8% |
| Other operating charges | 640/8 | €5,795 | €12,550 | +€6,755 | +117% |
| Gross operating margin | 9900 | €319,101 | €452,493 | +€133,392 | +41.8% |
| Operating profit (loss) | 9901 | €140,374 | €243,676 | +€103,302 | +73.6% |
| Financial income | 75/76B | €10,615 | €12,192 | +€1,577 | +14.9% |
| Recurring financial income | 75 | €10,615 | €12,192 | +€1,577 | +14.9% |
| Financial charges | 65/66B | €41,331 | €53,454 | +€12,123 | +29.3% |
| Recurring financial charges | 65 | €41,331 | €53,454 | +€12,123 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | €109,658 | €202,414 | +€92,756 | +84.6% |
| Income taxes | 67/77 | €30,668 | €61,498 | +€30,830 | +101% |
| Profit (loss) for the period | 9904 | €78,990 | €140,916 | +€61,926 | +78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,990 | €140,916 | +€61,926 | +78.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.