GF de FORZEE: 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.
GF de FORZEE
Largest movements
- Cash +€169,990
up €169,990 (+1,038,424%), from €16 to €170,006
mainly Net result for the year (+€265,987) and Depreciation (+€6,080)
- Tangible fixed assets +€30,553
up €30,553 (+3.4%), from €902,772 to €933,325
of which Furniture and vehicles: +€32,482
- Receivables within one year +€27,868
up €27,868 (+112%), from €24,883 to €52,751
of which Trade receivables: +€21,677
- Profit (loss) carried forward +€265,987
up €265,987, from -€645 to €265,342
- Other debts -€38,965
down €38,965 (-100%), from €38,965 to €0
- Gross operating margin +€260,295
up €260,295 (+1,870%), from €13,920 to €274,214
- Depreciation +€3,607
up €3,607 (+146%), from €2,473 to €6,080
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 | €927,672 | €1,157,357 | +€229,685 | +24.8% |
| Fixed assets | 21/28 | €902,772 | €933,325 | +€30,553 | +3.4% |
| Tangible fixed assets | 22/27 | €902,772 | €933,325 | +€30,553 | +3.4% |
| Land and buildings | 22 | €888,154 | €888,154 | = | 0.0% |
| Plant, machinery and equipment | 23 | €13,033 | €11,103 | -€1,929 | -14.8% |
| Furniture and vehicles | 24 | €1,586 | €34,068 | +€32,482 | +2,049% |
| Current assets | 29/58 | €24,900 | €224,032 | +€199,132 | +800% |
| Amounts receivable within one year | 40/41 | €24,883 | €52,751 | +€27,868 | +112% |
| Trade receivables | 40 | €24,590 | €46,267 | +€21,677 | +88.2% |
| Other amounts receivable | 41 | €293 | €6,484 | +€6,190 | +2,111% |
| Cash at bank and in hand | 54/58 | €16 | €170,006 | +€169,990 | +1,038,424% |
| Deferred charges and accrued income | 490/1 | €0 | €1,274 | +€1,274 | |
| Total equity and liabilities | 10/49 | €927,672 | €1,157,357 | +€229,685 | +24.8% |
| Equity | 10/15 | €888,704 | €1,154,691 | +€265,987 | +29.9% |
| Contributions | 10/11 | €889,349 | €889,349 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€645 | €265,342 | +€265,987 | |
| Amounts payable | 17/49 | €38,968 | €2,666 | -€36,302 | -93.2% |
| Amounts payable within one year | 42/48 | €38,968 | €2,666 | -€36,302 | -93.2% |
| Trade debts | 44 | €3 | €2,666 | +€2,663 | +87,295% |
| Suppliers | 440/4 | €3 | €2,666 | +€2,663 | +87,295% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | 0.0% |
| Taxes | 450/3 | €0 | €0 | = | 0.0% |
| Other amounts payable | 47/48 | €38,965 | €0 | -€38,965 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,473 | €6,080 | +€3,607 | +146% |
| Other operating charges | 640/8 | €1,268 | €2,099 | +€832 | +65.6% |
| Gross operating margin | 9900 | €13,920 | €274,214 | +€260,295 | +1,870% |
| Operating profit (loss) | 9901 | €10,179 | €266,035 | +€255,856 | +2,514% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €40 | €47 | +€7 | +18.6% |
| Recurring financial charges | 65 | €40 | €47 | +€7 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €10,141 | €265,987 | +€255,847 | +2,523% |
| Profit (loss) for the period | 9904 | €10,141 | €265,987 | +€255,847 | +2,523% |
| Profit (loss) for the period to be appropriated | 9905 | €10,141 | €265,987 | +€255,847 | +2,523% |
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 30 October 2026 via checked.be.