SALLY FORTH: 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.
SALLY FORTH
Largest movements
- Receivables within one year +€77,180
up €77,180 (+42.3%), from €182,403 to €259,582
of which Other amounts receivable: +€78,237
- Stocks and contracts -€19,043
down €19,043 (-48.6%), from €39,177 to €20,134
- Cash -€13,161
down €13,161 (-52.1%), from €25,285 to €12,124
mainly Receivables within one year (-€77,180) and Short-term financial debts (-€61,925)
- Tangible fixed assets -€8,137
down €8,137 (-74.8%), from €10,879 to €2,741
of which Land and buildings: -€5,393
- Short-term financial debts -€61,925
down €61,925 (-95.7%), from €64,688 to €2,763
- Debts after one year +€45,842
new in 2025: €45,842
- Tax, wage and social debts +€25,921
up €25,921 (+152%), from €17,103 to €43,024
- Current portion of long-term debt +€25,670
up €25,670 (+561%), from €4,574 to €30,244
- Reserves +€18,078
up €18,078 (+12.2%), from €148,141 to €166,219
- Financial income +€5,884
up €5,884 (+120%), from €4,901 to €10,785
- Gross operating margin -€4,198
down €4,198 (-10.2%), from €41,207 to €37,008
- Depreciation -€3,232
down €3,232 (-76.9%), from €4,203 to €971
- Taxes -€1,825
down €1,825 (-20.0%), from €9,114 to €7,290
- Financial charges +€1,494
up €1,494 (+14.5%), from €10,298 to €11,792
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 | €261,349 | €299,076 | +€37,727 | +14.4% |
| Fixed assets | 21/28 | €13,121 | €4,984 | -€8,137 | -62.0% |
| Tangible fixed assets | 22/27 | €10,879 | €2,741 | -€8,137 | -74.8% |
| Land and buildings | 22 | €5,393 | - | -€5,393 | |
| Plant, machinery and equipment | 23 | €5,485 | €2,741 | -€2,744 | -50.0% |
| Financial fixed assets | 28 | €2,243 | €2,243 | = | 0.0% |
| Current assets | 29/58 | €248,228 | €294,092 | +€45,864 | +18.5% |
| Stocks and contracts in progress | 3 | €39,177 | €20,134 | -€19,043 | -48.6% |
| Stocks | 30/36 | €39,177 | €20,134 | -€19,043 | -48.6% |
| Amounts receivable within one year | 40/41 | €182,403 | €259,582 | +€77,180 | +42.3% |
| Trade receivables | 40 | €1,058 | - | -€1,058 | |
| Other amounts receivable | 41 | €181,345 | €259,582 | +€78,237 | +43.1% |
| Cash at bank and in hand | 54/58 | €25,285 | €12,124 | -€13,161 | -52.1% |
| Deferred charges and accrued income | 490/1 | €1,363 | €2,252 | +€889 | +65.3% |
| Total equity and liabilities | 10/49 | €261,349 | €299,076 | +€37,727 | +14.4% |
| Equity | 10/15 | €154,341 | €172,419 | +€18,078 | +11.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €148,141 | €166,219 | +€18,078 | +12.2% |
| Distributable reserves | 133 | €148,141 | €166,219 | +€18,078 | +12.2% |
| Amounts payable | 17/49 | €107,008 | €126,658 | +€19,649 | +18.4% |
| Amounts payable after more than one year | 17 | - | €45,842 | +€45,842 | |
| Financial debts | 170/4 | - | €45,842 | +€45,842 | |
| Amounts payable within one year | 42/48 | €107,008 | €80,815 | -€26,193 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €4,574 | €30,244 | +€25,670 | +561% |
| Financial debts | 43 | €64,688 | €2,763 | -€61,925 | -95.7% |
| Credit institutions | 430/8 | €64,688 | €2,763 | -€61,925 | -95.7% |
| Trade debts | 44 | €20,643 | €4,784 | -€15,860 | -76.8% |
| Suppliers | 440/4 | €20,643 | €4,784 | -€15,860 | -76.8% |
| Taxes, remuneration and social security | 45 | €17,103 | €43,024 | +€25,921 | +152% |
| Taxes | 450/3 | €17,103 | €43,024 | +€25,921 | +152% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,203 | €971 | -€3,232 | -76.9% |
| Other operating charges | 640/8 | €2,266 | €2,497 | +€231 | +10.2% |
| Non-recurring operating charges | 66A | €2,473 | €7,166 | +€4,693 | +190% |
| Gross operating margin | 9900 | €41,207 | €37,008 | -€4,198 | -10.2% |
| Operating profit (loss) | 9901 | €32,265 | €26,374 | -€5,891 | -18.3% |
| Financial income | 75/76B | €4,901 | €10,785 | +€5,884 | +120% |
| Recurring financial income | 75 | €4,901 | €10,785 | +€5,884 | +120% |
| Financial charges | 65/66B | €10,298 | €11,792 | +€1,494 | +14.5% |
| Recurring financial charges | 65 | €10,298 | €11,792 | +€1,494 | +14.5% |
| Profit (loss) for the period before taxes | 9903 | €26,868 | €25,368 | -€1,501 | -5.6% |
| Income taxes | 67/77 | €9,114 | €7,290 | -€1,825 | -20.0% |
| Profit (loss) for the period | 9904 | €17,754 | €18,078 | +€324 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €17,754 | €18,078 | +€324 | +1.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.