LA FORGE: 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.
LA FORGE
Largest movements
- Receivables within one year -€39,619
no longer reported in 2025 (was €39,619)
- Cash -€3,030
down €3,030 (-14.5%), from €20,831 to €17,801
mainly Net result for the year (-€54,242) and Deferred charges and accrued income (-€281)
- Profit (loss) carried forward -€54,242
down €54,242, from €28,011 to -€26,230
- Other debts +€10,497
up €10,497 (+87.5%), from €12,003 to €22,500
- Trade debts +€1,213
up €1,213 (+5960.5%), from €20 to €1,233
- Gross operating margin -€29,517
down €29,517, from €20,129 to -€9,388
- Write-downs +€26,413
up €26,413 (+200.0%), from €13,206 to €39,619
- Taxes -€641
down €641 (-91.5%), from €701 to €60
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 | €78,374 | €35,666 | -€42,707 | -54.5% |
| Fixed assets | 21/28 | €17,223 | €16,884 | -€339 | -2.0% |
| Tangible fixed assets | 22/27 | €17,223 | €16,884 | -€339 | -2.0% |
| Land and buildings | 22 | €17,223 | €16,884 | -€339 | -2.0% |
| Current assets | 29/58 | €61,150 | €18,782 | -€42,368 | -69.3% |
| Amounts receivable within one year | 40/41 | €39,619 | - | -€39,619 | |
| Other amounts receivable | 41 | €39,619 | - | -€39,619 | |
| Cash at bank and in hand | 54/58 | €20,831 | €17,801 | -€3,030 | -14.5% |
| Deferred charges and accrued income | 490/1 | €700 | €981 | +€281 | +40.1% |
| Total equity and liabilities | 10/49 | €78,374 | €35,666 | -€42,707 | -54.5% |
| Equity | 10/15 | €61,063 | €6,821 | -€54,242 | -88.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €14,459 | €14,459 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €12,600 | €12,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,011 | -€26,230 | -€54,242 | |
| Amounts payable | 17/49 | €17,311 | €28,845 | +€11,534 | +66.6% |
| Amounts payable within one year | 42/48 | €15,764 | €27,297 | +€11,533 | +73.2% |
| Trade debts | 44 | €20 | €1,233 | +€1,213 | +5960.5% |
| Suppliers | 440/4 | €20 | €1,233 | +€1,213 | +5960.5% |
| Taxes, remuneration and social security | 45 | €3,741 | €3,564 | -€177 | -4.7% |
| Taxes | 450/3 | €3,741 | €3,564 | -€177 | -4.7% |
| Other amounts payable | 47/48 | €12,003 | €22,500 | +€10,497 | +87.5% |
| Accrued charges and deferred income | 492/3 | €1,547 | €1,548 | +€1 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €297 | €339 | +€42 | +14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,206 | €39,619 | +€26,413 | +200.0% |
| Other operating charges | 640/8 | €4,346 | €4,507 | +€161 | +3.7% |
| Gross operating margin | 9900 | €20,129 | -€9,388 | -€29,517 | |
| Operating profit (loss) | 9901 | €2,279 | -€53,854 | -€56,133 | |
| Financial charges | 65/66B | €271 | €328 | +€57 | +21.1% |
| Recurring financial charges | 65 | €271 | €328 | +€57 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €2,008 | -€54,182 | -€56,190 | |
| Income taxes | 67/77 | €701 | €60 | -€641 | -91.5% |
| Profit (loss) for the period | 9904 | €1,307 | -€54,242 | -€55,549 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,307 | -€54,242 | -€55,549 |
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 3 October 2026 via checked.be.