FW MOVE FORWARD: 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.
FW MOVE FORWARD
Largest movements
- Receivables within one year +€8,593
up €8,593 (+173.9%), from €4,942 to €13,535
of which Trade receivables: +€7,274
- Intangible fixed assets -€4,386
down €4,386 (-43.7%), from €10,040 to €5,653
- Cash -€3,836
down €3,836 (-49.5%), from €7,748 to €3,912
mainly Receivables within one year (-€8,593) and Debts after one year (-€6,988)
- Tangible fixed assets +€1,056
up €1,056 (+69.2%), from €1,527 to €2,583
- Debts after one year -€6,988
down €6,988 (-66.0%), from €10,587 to €3,598
- Profit (loss) carried forward +€4,600
up €4,600 (+43.8%), from -€10,494 to -€5,894
- Trade debts +€1,690
up €1,690 (+13.4%), from €12,588 to €14,278
- Current portion of long-term debt +€1,518
up €1,518 (+19.0%), from €7,970 to €9,488
- Tax, wage and social debts +€577
up €577 (+108.2%), from €533 to €1,110
- Gross operating margin +€6,232
up €6,232 (+74.0%), from €8,419 to €14,651
- Staff costs -€1,825
no longer reported in 2025 (was €1,825)
- Taxes +€1,820
up €1,820 (+119.7%), from €1,520 to €3,340
- Depreciation -€153
down €153 (-2.7%), from €5,592 to €5,439
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 | €25,384 | €26,781 | +€1,397 | +5.5% |
| Formation expenses | 20 | €226 | - | -€226 | |
| Fixed assets | 21/28 | €11,567 | €8,236 | -€3,331 | -28.8% |
| Intangible fixed assets | 21 | €10,040 | €5,653 | -€4,386 | -43.7% |
| Tangible fixed assets | 22/27 | €1,527 | €2,583 | +€1,056 | +69.2% |
| Furniture and vehicles | 24 | €1,527 | €2,583 | +€1,056 | +69.2% |
| Current assets | 29/58 | €13,591 | €18,545 | +€4,953 | +36.4% |
| Amounts receivable within one year | 40/41 | €4,942 | €13,535 | +€8,593 | +173.9% |
| Trade receivables | 40 | €3,783 | €11,056 | +€7,274 | +192.3% |
| Other amounts receivable | 41 | €1,159 | €2,478 | +€1,319 | +113.8% |
| Cash at bank and in hand | 54/58 | €7,748 | €3,912 | -€3,836 | -49.5% |
| Deferred charges and accrued income | 490/1 | €902 | €1,099 | +€196 | +21.8% |
| Total equity and liabilities | 10/49 | €25,384 | €26,781 | +€1,397 | +5.5% |
| Equity | 10/15 | -€6,294 | -€1,694 | +€4,600 | +73.1% |
| Contributions | 10/11 | €4,200 | €4,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,494 | -€5,894 | +€4,600 | +43.8% |
| Amounts payable | 17/49 | €31,678 | €28,474 | -€3,204 | -10.1% |
| Amounts payable after more than one year | 17 | €10,587 | €3,598 | -€6,988 | -66.0% |
| Financial debts | 170/4 | €10,587 | €3,598 | -€6,988 | -66.0% |
| Amounts payable within one year | 42/48 | €21,091 | €24,876 | +€3,785 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €7,970 | €9,488 | +€1,518 | +19.0% |
| Trade debts | 44 | €12,588 | €14,278 | +€1,690 | +13.4% |
| Suppliers | 440/4 | €12,588 | €14,278 | +€1,690 | +13.4% |
| Taxes, remuneration and social security | 45 | €533 | €1,110 | +€577 | +108.2% |
| Taxes | 450/3 | €533 | €1,110 | +€577 | +108.2% |
| Remuneration, social security and pensions | 62 | €1,825 | - | -€1,825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,592 | €5,439 | -€153 | -2.7% |
| Other operating charges | 640/8 | €543 | €414 | -€129 | -23.8% |
| Gross operating margin | 9900 | €8,419 | €14,651 | +€6,232 | +74.0% |
| Operating profit (loss) | 9901 | €459 | €8,798 | +€8,339 | +1817.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,001 | €857 | -€144 | -14.4% |
| Recurring financial charges | 65 | €1,001 | €857 | -€144 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€543 | €7,940 | +€8,483 | |
| Income taxes | 67/77 | €1,520 | €3,340 | +€1,820 | +119.7% |
| Profit (loss) for the period | 9904 | -€2,063 | €4,600 | +€6,663 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,063 | €4,600 | +€6,663 |
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 10 October 2026 via checked.be.