The eForum Factory: 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.
The eForum Factory
Largest movements
- Receivables within one year +€157,479
up €157,479 (+61.2%), from €257,186 to €414,665
of which Trade receivables: +€121,377
- Cash +€9,922
up €9,922 (+188%), from €5,265 to €15,187
mainly Net result for the year (+€66,021) and Trade debts (+€62,261)
- Profit (loss) carried forward +€66,021
up €66,021 (+147%), from €44,870 to €110,891
- Trade debts +€62,261
up €62,261 (+84.3%), from €73,886 to €136,147
- Tax, wage and social debts +€18,757
up €18,757 (+52.2%), from €35,909 to €54,666
of which Taxes: +€19,714
- Other debts +€18,300
new in 2025: €18,300
- Debts after one year -€4,557
down €4,557 (-37.5%), from €12,154 to €7,597
- Gross operating margin +€129,455
up €129,455 (+82.7%), from €156,499 to €285,955
- Staff costs +€67,349
up €67,349 (+56.0%), from €120,172 to €187,521
- Taxes +€16,997
up €16,997 (+152%), from €11,167 to €28,164
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 | €274,864 | €438,358 | +€163,493 | +59.5% |
| Fixed assets | 21/28 | €934 | €309 | -€625 | -66.9% |
| Tangible fixed assets | 22/27 | €934 | €309 | -€625 | -66.9% |
| Furniture and vehicles | 24 | €934 | €309 | -€625 | -66.9% |
| Current assets | 29/58 | €273,931 | €438,049 | +€164,118 | +59.9% |
| Amounts receivable within one year | 40/41 | €257,186 | €414,665 | +€157,479 | +61.2% |
| Trade receivables | 40 | €103,574 | €224,951 | +€121,377 | +117% |
| Other amounts receivable | 41 | €153,611 | €189,713 | +€36,102 | +23.5% |
| Cash at bank and in hand | 54/58 | €5,265 | €15,187 | +€9,922 | +188% |
| Deferred charges and accrued income | 490/1 | €11,480 | €8,197 | -€3,283 | -28.6% |
| Total equity and liabilities | 10/49 | €274,864 | €438,358 | +€163,493 | +59.5% |
| Equity | 10/15 | €151,070 | €217,091 | +€66,021 | +43.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,870 | €110,891 | +€66,021 | +147% |
| Amounts payable | 17/49 | €123,795 | €221,267 | +€97,472 | +78.7% |
| Amounts payable after more than one year | 17 | €12,154 | €7,597 | -€4,557 | -37.5% |
| Financial debts | 170/4 | €12,154 | €7,597 | -€4,557 | -37.5% |
| Amounts payable within one year | 42/48 | €111,641 | €213,670 | +€102,030 | +91.4% |
| Current portion of amounts payable after more than one year | 42 | €1,846 | €4,557 | +€2,711 | +147% |
| Trade debts | 44 | €73,886 | €136,147 | +€62,261 | +84.3% |
| Suppliers | 440/4 | €73,886 | €136,147 | +€62,261 | +84.3% |
| Taxes, remuneration and social security | 45 | €35,909 | €54,666 | +€18,757 | +52.2% |
| Taxes | 450/3 | €14,228 | €33,942 | +€19,714 | +139% |
| Remuneration and social security | 454/9 | €21,680 | €20,724 | -€957 | -4.4% |
| Other amounts payable | 47/48 | - | €18,300 | +€18,300 | |
| Remuneration, social security and pensions | 62 | €120,172 | €187,521 | +€67,349 | +56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €644 | €625 | -€19 | -2.9% |
| Other operating charges | 640/8 | €563 | €1,101 | +€539 | +95.8% |
| Gross operating margin | 9900 | €156,499 | €285,955 | +€129,455 | +82.7% |
| Operating profit (loss) | 9901 | €35,121 | €96,707 | +€61,586 | +175% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €3,201 | €2,541 | -€660 | -20.6% |
| Recurring financial charges | 65 | €3,201 | €2,541 | -€660 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | €31,920 | €94,184 | +€62,264 | +195% |
| Income taxes | 67/77 | €11,167 | €28,164 | +€16,997 | +152% |
| Profit (loss) for the period | 9904 | €20,753 | €66,021 | +€45,267 | +218% |
| Profit (loss) for the period to be appropriated | 9905 | €20,753 | €66,021 | +€45,267 | +218% |
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 29 October 2026 via checked.be.