FULL FORCE: what changed
Two fiscal 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.
FULL FORCE
Largest movements
- Tangible fixed assets -€2,774
down €2,774 (-21.2%), from €13,058 to €10,283
of which Plant, machinery and equipment: -€2,381
- Stocks and contracts +€1,667
up €1,667 (+163.2%), from €1,022 to €2,688
- Cash +€1,496
up €1,496 (+26.1%), from €5,734 to €7,230
mainly Depreciation (+€6,320) and Net result for the year (+€4,136)
- Intangible fixed assets -€1,400
down €1,400 (-12.5%), from €11,183 to €9,783
- Receivables within one year -€733
down €733 (-62.5%), from €1,172 to €439
of which Other amounts receivable: -€898
- Debts after one year -€5,216
down €5,216 (-48.9%), from €10,666 to €5,450
- Profit (loss) carried forward +€4,136
up €4,136 (+211.6%), from €1,955 to €6,091
- Trade debts -€835
down €835 (-70.2%), from €1,190 to €355
- Tax, wage and social debts +€424
up €424 (+73.0%), from €581 to €1,006
- Gross operating margin +€2,006
up €2,006 (+16.4%), from €12,261 to €14,266
- Financial charges +€742
up €742 (+50.7%), from €1,464 to €2,206
- Taxes +€513
up €513 (+88.1%), from €581 to €1,094
- Other operating charges +€402
up €402 (+340.4%), from €118 to €520
- Depreciation +€397
up €397 (+6.7%), from €5,922 to €6,320
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 | €32,168 | €31,010 | -€1,158 | -3.6% |
| Fixed assets | 21/28 | €24,241 | €20,066 | -€4,174 | -17.2% |
| Intangible fixed assets | 21 | €11,183 | €9,783 | -€1,400 | -12.5% |
| Tangible fixed assets | 22/27 | €13,058 | €10,283 | -€2,774 | -21.2% |
| Plant, machinery and equipment | 23 | €11,664 | €9,282 | -€2,381 | -20.4% |
| Furniture and vehicles | 24 | €1,394 | €1,001 | -€393 | -28.2% |
| Current assets | 29/58 | €7,928 | €10,944 | +€3,016 | +38.0% |
| Stocks and contracts in progress | 3 | €1,022 | €2,688 | +€1,667 | +163.2% |
| Stocks | 30/36 | €1,022 | €2,688 | +€1,667 | +163.2% |
| Amounts receivable within one year | 40/41 | €1,172 | €439 | -€733 | -62.5% |
| Trade receivables | 40 | €258 | €423 | +€166 | +64.4% |
| Other amounts receivable | 41 | €914 | €16 | -€898 | -98.3% |
| Cash at bank and in hand | 54/58 | €5,734 | €7,230 | +€1,496 | +26.1% |
| Deferred charges and accrued income | 490/1 | - | €587 | +€587 | |
| Total equity and liabilities | 10/49 | €32,168 | €31,010 | -€1,158 | -3.6% |
| Equity | 10/15 | €4,955 | €9,091 | +€4,136 | +83.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,955 | €6,091 | +€4,136 | +211.6% |
| Amounts payable | 17/49 | €27,214 | €21,920 | -€5,294 | -19.5% |
| Amounts payable after more than one year | 17 | €10,666 | €5,450 | -€5,216 | -48.9% |
| Financial debts | 170/4 | €10,666 | €5,450 | -€5,216 | -48.9% |
| Amounts payable within one year | 42/48 | €16,547 | €16,470 | -€78 | -0.5% |
| Current portion of amounts payable after more than one year | 42 | €4,990 | €5,216 | +€225 | +4.5% |
| Trade debts | 44 | €1,190 | €355 | -€835 | -70.2% |
| Suppliers | 440/4 | €1,190 | €355 | -€835 | -70.2% |
| Taxes, remuneration and social security | 45 | €581 | €1,006 | +€424 | +73.0% |
| Taxes | 450/3 | €581 | €1,006 | +€424 | +73.0% |
| Other amounts payable | 47/48 | €9,786 | €9,893 | +€107 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,922 | €6,320 | +€397 | +6.7% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340.4% |
| Gross operating margin | 9900 | €12,261 | €14,266 | +€2,006 | +16.4% |
| Operating profit (loss) | 9901 | €6,220 | €7,427 | +€1,206 | +19.4% |
| Financial income | 75/76B | €1 | €9 | +€9 | +1451.7% |
| Recurring financial income | 75 | €1 | €9 | +€9 | +1451.7% |
| Financial charges | 65/66B | €1,464 | €2,206 | +€742 | +50.7% |
| Recurring financial charges | 65 | €1,464 | €2,206 | +€742 | +50.7% |
| Profit (loss) for the period before taxes | 9903 | €4,757 | €5,230 | +€473 | +9.9% |
| Income taxes | 67/77 | €581 | €1,094 | +€513 | +88.1% |
| Profit (loss) for the period | 9904 | €4,175 | €4,136 | -€40 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,175 | €4,136 | -€40 | -0.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.