Forever 32: 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.
Forever 32
Largest movements
- Cash -€5,440
down €5,440 (-56.7%), from €9,599 to €4,158
mainly Debts after one year (-€29,765) and Trade debts (-€7,939)
- Receivables within one year -€4,153
down €4,153 (-16.8%), from €24,731 to €20,577
of which Trade receivables: -€6,572
- Debts after one year -€29,765
down €29,765 (-30.3%), from €98,343 to €68,578
- Reserves +€20,543
up €20,543 (+192%), from €10,691 to €31,235
- Other debts +€16,366
up €16,366 (+28.8%), from €56,888 to €73,254
- Trade debts -€7,939
down €7,939 (-47.3%), from €16,797 to €8,858
- Short-term financial debts -€6,000
no longer reported in 2025 (was €6,000)
- Gross operating margin +€10,061
up €10,061 (+38.4%), from €26,182 to €36,243
- Depreciation -€2,386
no longer reported in 2025 (was €2,386)
- Financial charges +€1,274
up €1,274 (+22.7%), from €5,621 to €6,895
- Taxes +€938
up €938 (+13.2%), from €7,099 to €8,037
- Other operating charges +€384
up €384 (+99.9%), from €384 to €768
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 | €246,587 | €237,024 | -€9,563 | -3.9% |
| Fixed assets | 21/28 | €212,000 | €212,000 | = | 0.0% |
| Financial fixed assets | 28 | €212,000 | €212,000 | = | 0.0% |
| Current assets | 29/58 | €34,587 | €25,024 | -€9,563 | -27.7% |
| Amounts receivable within one year | 40/41 | €24,731 | €20,577 | -€4,153 | -16.8% |
| Trade receivables | 40 | €24,722 | €18,150 | -€6,572 | -26.6% |
| Other amounts receivable | 41 | €8 | €2,427 | +€2,419 | +29,359% |
| Cash at bank and in hand | 54/58 | €9,599 | €4,158 | -€5,440 | -56.7% |
| Deferred charges and accrued income | 490/1 | €258 | €288 | +€30 | +11.6% |
| Total equity and liabilities | 10/49 | €246,587 | €237,024 | -€9,563 | -3.9% |
| Equity | 10/15 | €11,691 | €32,235 | +€20,543 | +176% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €10,691 | €31,235 | +€20,543 | +192% |
| Distributable reserves | 133 | €10,691 | €31,235 | +€20,543 | +192% |
| Amounts payable | 17/49 | €234,896 | €204,789 | -€30,107 | -12.8% |
| Amounts payable after more than one year | 17 | €98,343 | €68,578 | -€29,765 | -30.3% |
| Financial debts | 170/4 | €98,343 | €68,578 | -€29,765 | -30.3% |
| Amounts payable within one year | 42/48 | €136,553 | €136,211 | -€342 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €28,636 | €29,765 | +€1,129 | +3.9% |
| Financial debts | 43 | €6,000 | - | -€6,000 | |
| Other loans | 439 | €6,000 | - | -€6,000 | |
| Trade debts | 44 | €16,797 | €8,858 | -€7,939 | -47.3% |
| Suppliers | 440/4 | €16,797 | €8,858 | -€7,939 | -47.3% |
| Taxes, remuneration and social security | 45 | €28,232 | €24,334 | -€3,898 | -13.8% |
| Taxes | 450/3 | €22,232 | €18,334 | -€3,898 | -17.5% |
| Remuneration and social security | 454/9 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 47/48 | €56,888 | €73,254 | +€16,366 | +28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,386 | - | -€2,386 | |
| Other operating charges | 640/8 | €384 | €768 | +€384 | +99.9% |
| Gross operating margin | 9900 | €26,182 | €36,243 | +€10,061 | +38.4% |
| Operating profit (loss) | 9901 | €23,411 | €35,475 | +€12,064 | +51.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,621 | €6,895 | +€1,274 | +22.7% |
| Recurring financial charges | 65 | €5,621 | €6,895 | +€1,274 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €17,790 | €28,580 | +€10,790 | +60.7% |
| Income taxes | 67/77 | €7,099 | €8,037 | +€938 | +13.2% |
| Profit (loss) for the period | 9904 | €10,691 | €20,543 | +€9,852 | +92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,691 | €20,543 | +€9,852 | +92.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.