LES FORGES: what changed
LES FORGES
Largest movements
- Receivables within one year +€5,456
up €5,456 (+6.4%), from €85,465 to €90,921
of which Trade receivables: +€5,565
- Cash -€3,476
down €3,476 (-33.2%), from €10,465 to €6,989
mainly Receivables within one year (-€5,456) and Trade debts (-€829)
- Tangible fixed assets -€1,162
down €1,162 (-50.0%), from €2,324 to €1,162
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€437
up €437 (+19.7%), from €2,221 to €2,658
- Purchases and services -€437
down €437 (-14.4%), from €3,029 to €2,592
- Financial charges +€57
up €57 (+99.5%), from €57 to €114
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,921 | €99,381 | +€460 | +0.5% |
| Fixed assets | 21/28 | €2,324 | €1,162 | -€1,162 | -50.0% |
| Tangible fixed assets | 22/27 | €2,324 | €1,162 | -€1,162 | -50.0% |
| Plant, machinery and equipment | 23 | €2,324 | €1,162 | -€1,162 | -50.0% |
| Current assets | 29/58 | €96,597 | €98,219 | +€1,622 | +1.7% |
| Amounts receivable within one year | 40/41 | €85,465 | €90,921 | +€5,456 | +6.4% |
| Trade receivables | 40 | €85,034 | €90,599 | +€5,565 | +6.5% |
| Other amounts receivable | 41 | €430 | €322 | -€109 | -25.3% |
| Cash at bank and in hand | 54/58 | €10,465 | €6,989 | -€3,476 | -33.2% |
| Deferred charges and accrued income | 490/1 | €667 | €309 | -€358 | -53.7% |
| Total equity and liabilities | 10/49 | €98,921 | €99,381 | +€460 | +0.5% |
| Equity | 10/15 | €79,139 | €80,121 | +€982 | +1.2% |
| Contributions | 10/11 | €14,874 | €14,874 | = | 0.0% |
| Reserves | 13 | €40,240 | €40,240 | = | 0.0% |
| Distributable reserves | 133 | €40,240 | €40,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,026 | €25,008 | +€982 | +4.1% |
| Amounts payable | 17/49 | €19,781 | €19,259 | -€522 | -2.6% |
| Amounts payable within one year | 42/48 | €19,781 | €19,259 | -€522 | -2.6% |
| Trade debts | 44 | €909 | €80 | -€829 | -91.2% |
| Suppliers | 440/4 | €909 | €80 | -€829 | -91.2% |
| Taxes, remuneration and social security | 45 | €301 | €608 | +€307 | +102% |
| Taxes | 450/3 | €301 | €608 | +€307 | +102% |
| Other amounts payable | 47/48 | €18,571 | €18,571 | -€0 | 0.0% |
| Turnover | 70 | €5,250 | €5,250 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,029 | €2,592 | -€437 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,162 | €1,162 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €2,221 | €2,658 | +€437 | +19.7% |
| Operating profit (loss) | 9901 | €672 | €1,097 | +€425 | +63.2% |
| Financial charges | 65/66B | €57 | €114 | +€57 | +99.5% |
| Recurring financial charges | 65 | €57 | €114 | +€57 | +99.5% |
| Profit (loss) for the period before taxes | 9903 | €615 | €982 | +€368 | +59.8% |
| Profit (loss) for the period | 9904 | €615 | €982 | +€368 | +59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €615 | €982 | +€368 | +59.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.