UNFORGET: 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.
UNFORGET
Largest movements
- Stocks and contracts +€136,119
up €136,119 (+30.4%), from €447,871 to €583,990
- Cash -€118,770
down €118,770 (-86.2%), from €137,806 to €19,036
mainly Trade debts (-€240,190) and Stocks and contracts (-€136,119)
- Deferred charges and accrued income +€27,971
up €27,971 (+275.5%), from €10,152 to €38,123
- Receivables within one year -€25,808
down €25,808 (-82.0%), from €31,462 to €5,654
of which Trade receivables: -€27,050
- Tangible fixed assets +€18,518
up €18,518 (+333.4%), from €5,555 to €24,073
of which Other tangible fixed assets: +€11,300
- Debts after one year +€351,562
new in 2025: €351,562
- Trade debts -€240,190
down €240,190 (-91.0%), from €264,089 to €23,898
- Other debts -€66,763
down €66,763 (-61.9%), from €107,858 to €41,096
- Gross operating margin -€72,102
down €72,102 (-79.2%), from €91,039 to €18,937
- Financial charges +€11,632
up €11,632 (+140.4%), from €8,287 to €19,918
- Taxes -€9,965
down €9,965 (-91.2%), from €10,924 to €959
- Depreciation +€2,527
up €2,527 (+595.2%), from €425 to €2,951
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 | €632,845 | €670,877 | +€38,031 | +6.0% |
| Fixed assets | 21/28 | €5,555 | €24,073 | +€18,518 | +333.4% |
| Tangible fixed assets | 22/27 | €5,555 | €24,073 | +€18,518 | +333.4% |
| Plant, machinery and equipment | 23 | - | €7,218 | +€7,218 | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €5,555 | €16,855 | +€11,300 | +203.4% |
| Current assets | 29/58 | €627,291 | €646,804 | +€19,513 | +3.1% |
| Stocks and contracts in progress | 3 | €447,871 | €583,990 | +€136,119 | +30.4% |
| Stocks | 30/36 | €447,871 | €583,990 | +€136,119 | +30.4% |
| Amounts receivable within one year | 40/41 | €31,462 | €5,654 | -€25,808 | -82.0% |
| Trade receivables | 40 | €27,800 | €750 | -€27,050 | -97.3% |
| Other amounts receivable | 41 | €3,662 | €4,904 | +€1,242 | +33.9% |
| Cash at bank and in hand | 54/58 | €137,806 | €19,036 | -€118,770 | -86.2% |
| Deferred charges and accrued income | 490/1 | €10,152 | €38,123 | +€27,971 | +275.5% |
| Total equity and liabilities | 10/49 | €632,845 | €670,877 | +€38,031 | +6.0% |
| Equity | 10/15 | €254,011 | €249,260 | -€4,751 | -1.9% |
| Contributions | 10/11 | €97,000 | €97,000 | = | 0.0% |
| Reserves | 13 | €157,011 | €152,260 | -€4,751 | -3.0% |
| Distributable reserves | 133 | €157,011 | €152,260 | -€4,751 | -3.0% |
| Amounts payable | 17/49 | €378,834 | €421,617 | +€42,782 | +11.3% |
| Amounts payable after more than one year | 17 | - | €351,562 | +€351,562 | |
| Other amounts payable | 178/9 | - | €351,562 | +€351,562 | |
| Amounts payable within one year | 42/48 | €378,743 | €70,055 | -€308,688 | -81.5% |
| Trade debts | 44 | €264,089 | €23,898 | -€240,190 | -91.0% |
| Suppliers | 440/4 | €264,089 | €23,898 | -€240,190 | -91.0% |
| Taxes, remuneration and social security | 45 | €6,796 | €5,061 | -€1,735 | -25.5% |
| Taxes | 450/3 | €6,796 | €5,061 | -€1,735 | -25.5% |
| Other amounts payable | 47/48 | €107,858 | €41,096 | -€66,763 | -61.9% |
| Accrued charges and deferred income | 492/3 | €92 | €0 | -€92 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €425 | €2,951 | +€2,527 | +595.2% |
| Other operating charges | 640/8 | €1,028 | €691 | -€337 | -32.8% |
| Gross operating margin | 9900 | €91,039 | €18,937 | -€72,102 | -79.2% |
| Operating profit (loss) | 9901 | €89,587 | €15,296 | -€74,291 | -82.9% |
| Financial income | 75/76B | €441 | €831 | +€391 | +88.6% |
| Recurring financial income | 75 | €441 | €831 | +€391 | +88.6% |
| Financial charges | 65/66B | €8,287 | €19,918 | +€11,632 | +140.4% |
| Recurring financial charges | 65 | €8,287 | €19,918 | +€11,632 | +140.4% |
| Profit (loss) for the period before taxes | 9903 | €81,741 | -€3,791 | -€85,532 | |
| Income taxes | 67/77 | €10,924 | €959 | -€9,965 | -91.2% |
| Profit (loss) for the period | 9904 | €70,816 | -€4,751 | -€75,567 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,816 | -€4,751 | -€75,567 |
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 10 October 2026 via checked.be.