FWD IT: 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.
FWD IT
Largest movements
- Current investments -€42,702
down €42,702 (-24.4%), from €175,047 to €132,345
- Cash -€21,396
down €21,396 (-39.0%), from €54,853 to €33,457
mainly Contributions, distributions and other (-€88,428) and Deferred charges and accrued income (-€9,516)
- Deferred charges and accrued income +€9,516
new in 2025: €9,516
- Receivables within one year -€7,837
down €7,837 (-43.4%), from €18,043 to €10,206
of which Trade receivables: -€6,184
- Reserves -€59,493
down €59,493 (-27.0%), from €219,967 to €160,474
- Other debts -€8,358
down €8,358 (-36.7%), from €22,750 to €14,392
- Tax, wage and social debts +€4,942
up €4,942 (+110.2%), from €4,483 to €9,425
of which Taxes: +€4,915
- Gross operating margin -€32,960
down €32,960 (-58.2%), from €56,613 to €23,653
- Financial income +€21,116
up €21,116 (+931.7%), from €2,266 to €23,383
of which Financial income: +€20,492
- Taxes -€7,564
down €7,564 (-55.1%), from €13,740 to €6,175
- Depreciation +€935
up €935 (+16.1%), from €5,796 to €6,732
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 | €263,765 | €203,090 | -€60,675 | -23.0% |
| Fixed assets | 21/28 | €15,821 | €17,566 | +€1,745 | +11.0% |
| Tangible fixed assets | 22/27 | €15,671 | €17,416 | +€1,745 | +11.1% |
| Land and buildings | 22 | €3,201 | €3,608 | +€406 | +12.7% |
| Plant, machinery and equipment | 23 | €4,143 | €3,979 | -€164 | -4.0% |
| Furniture and vehicles | 24 | €8,327 | €9,829 | +€1,502 | +18.0% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €247,943 | €185,524 | -€62,419 | -25.2% |
| Amounts receivable within one year | 40/41 | €18,043 | €10,206 | -€7,837 | -43.4% |
| Trade receivables | 40 | €16,390 | €10,206 | -€6,184 | -37.7% |
| Other amounts receivable | 41 | €1,653 | - | -€1,653 | |
| Current investments | 50/53 | €175,047 | €132,345 | -€42,702 | -24.4% |
| Cash at bank and in hand | 54/58 | €54,853 | €33,457 | -€21,396 | -39.0% |
| Deferred charges and accrued income | 490/1 | - | €9,516 | +€9,516 | |
| Total equity and liabilities | 10/49 | €263,765 | €203,090 | -€60,675 | -23.0% |
| Equity | 10/15 | €232,367 | €172,874 | -€59,493 | -25.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €219,967 | €160,474 | -€59,493 | -27.0% |
| Distributable reserves | 133 | €219,967 | €160,474 | -€59,493 | -27.0% |
| Amounts payable | 17/49 | €31,397 | €30,216 | -€1,181 | -3.8% |
| Amounts payable within one year | 42/48 | €31,397 | €30,216 | -€1,181 | -3.8% |
| Financial debts | 43 | €2,549 | €5,074 | +€2,525 | +99.1% |
| Credit institutions | 430/8 | €2,549 | €5,074 | +€2,525 | +99.1% |
| Trade debts | 44 | €1,615 | €1,324 | -€290 | -18.0% |
| Suppliers | 440/4 | €1,615 | €1,324 | -€290 | -18.0% |
| Taxes, remuneration and social security | 45 | €4,483 | €9,425 | +€4,942 | +110.2% |
| Taxes | 450/3 | €3,084 | €7,999 | +€4,915 | +159.4% |
| Remuneration and social security | 454/9 | €1,400 | €1,427 | +€27 | +1.9% |
| Other amounts payable | 47/48 | €22,750 | €14,392 | -€8,358 | -36.7% |
| Non-recurring operating income | 76A | - | €2 | +€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,796 | €6,732 | +€935 | +16.1% |
| Other operating charges | 640/8 | €1,161 | €1,143 | -€18 | -1.6% |
| Gross operating margin | 9900 | €56,613 | €23,653 | -€32,960 | -58.2% |
| Operating profit (loss) | 9901 | €49,655 | €15,778 | -€33,877 | -68.2% |
| Financial income | 75/76B | €2,266 | €23,383 | +€21,116 | +931.7% |
| Recurring financial income | 75 | €2,266 | €22,759 | +€20,492 | +904.1% |
| Non-recurring financial income | 76B | - | €624 | +€624 | |
| Financial charges | 65/66B | €4,351 | €4,051 | -€300 | -6.9% |
| Recurring financial charges | 65 | €4,351 | €4,051 | -€300 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €47,571 | €35,110 | -€12,461 | -26.2% |
| Income taxes | 67/77 | €13,740 | €6,175 | -€7,564 | -55.1% |
| Profit (loss) for the period | 9904 | €33,831 | €28,935 | -€4,896 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,831 | €28,935 | -€4,896 | -14.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.