Conforma: what changed
Two fiscal 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.
Conforma
Largest movements
- Cash +€1.9m
up €1.9m (+237.9%), from €815,931 to €2.8m
mainly Net result for the year (+€1.6m) and Depreciation (+€1.0m)
- Tangible fixed assets +€1.8m
up €1.8m (+48.2%), from €3.8m to €5.6m
of which Assets under construction and advance payments: +€1.3m
- Stocks and contracts +€805,379
up €805,379 (+26.7%), from €3.0m to €3.8m
- Receivables within one year -€357,142
down €357,142 (-9.9%), from €3.6m to €3.2m
of which Trade receivables: -€288,013
- Profit (loss) carried forward +€1.6m
up €1.6m (+52.5%), from -€3.1m to -€1.5m
- Other debts +€1.0m
new in 2025: €1.0m
- Debts after one year +€872,107
up €872,107 (+32.3%), from €2.7m to €3.6m
of which Financial debts: +€872,107
- Short-term financial debts +€350,000
up €350,000 (+17.1%), from €2.1m to €2.4m
- Current portion of long-term debt +€339,589
up €339,589 (+62.4%), from €543,844 to €883,433
- Gross operating margin +€1.9m
up €1.9m (+27.7%), from €7.0m to €8.9m
- Depreciation -€743,218
down €743,218 (-42.4%), from €1.8m to €1.0m
- Financial income -€235,061
down €235,061 (-86.1%), from €272,854 to €37,793
of which Non-recurring financial income: -€270,577
- Staff costs +€144,809
up €144,809 (+2.6%), from €5.6m to €5.7m
- Write-downs +€107,775
new in 2025: €107,775
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 | €11,915,946 | €16,272,471 | +€4.4m | +36.6% |
| Fixed assets | 21/28 | €4,465,615 | €6,374,189 | +€1.9m | +42.7% |
| Intangible fixed assets | 21 | €696,284 | €786,847 | +€90,563 | +13.0% |
| Tangible fixed assets | 22/27 | €3,768,830 | €5,586,641 | +€1.8m | +48.2% |
| Land and buildings | 22 | €1,902,285 | €2,730,519 | +€828,233 | +43.5% |
| Plant, machinery and equipment | 23 | €1,786,137 | €1,535,700 | -€250,437 | -14.0% |
| Furniture and vehicles | 24 | €80,408 | €52,455 | -€27,953 | -34.8% |
| Assets under construction and advance payments | 27 | - | €1,267,968 | +€1.3m | |
| Financial fixed assets | 28 | €501 | €701 | +€200 | +39.9% |
| Current assets | 29/58 | €7,450,331 | €9,898,282 | +€2.4m | +32.9% |
| Stocks and contracts in progress | 3 | €3,021,655 | €3,827,034 | +€805,379 | +26.7% |
| Stocks | 30/36 | €3,021,655 | €3,827,034 | +€805,379 | +26.7% |
| Amounts receivable within one year | 40/41 | €3,590,181 | €3,233,039 | -€357,142 | -9.9% |
| Trade receivables | 40 | €3,487,263 | €3,199,250 | -€288,013 | -8.3% |
| Other amounts receivable | 41 | €102,919 | €33,789 | -€69,130 | -67.2% |
| Cash at bank and in hand | 54/58 | €815,931 | €2,756,668 | +€1.9m | +237.9% |
| Deferred charges and accrued income | 490/1 | €22,564 | €81,541 | +€58,977 | +261.4% |
| Total equity and liabilities | 10/49 | €11,915,946 | €16,272,471 | +€4.4m | +36.6% |
| Equity | 10/15 | €2,440,590 | €4,063,972 | +€1.6m | +66.5% |
| Contributions | 10/11 | €2,825,986 | €2,825,986 | = | 0.0% |
| Capital | 10 | €2,594,621 | €2,594,621 | = | 0.0% |
| Issued capital | 100 | €2,594,621 | €2,594,621 | = | 0.0% |
| Outside capital | 11 | €231,365 | €231,365 | = | 0.0% |
| Share premium | 1100/10 | €231,365 | €231,365 | = | 0.0% |
| Revaluation surpluses | 12 | €361,693 | €361,693 | = | 0.0% |
| Reserves | 13 | €2,342,310 | €2,342,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €393,766 | €393,766 | = | 0.0% |
| Legal reserve | 130 | €148,736 | €148,736 | = | 0.0% |
| Other | 1319 | €245,030 | €245,030 | = | 0.0% |
| Distributable reserves | 133 | €1,948,544 | €1,948,544 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,089,399 | -€1,466,018 | +€1.6m | +52.5% |
| Amounts payable | 17/49 | €9,475,356 | €12,208,499 | +€2.7m | +28.8% |
| Amounts payable after more than one year | 17 | €2,697,428 | €3,569,535 | +€872,107 | +32.3% |
| Financial debts | 170/4 | €797,428 | €1,669,535 | +€872,107 | +109.4% |
| Other amounts payable | 178/9 | €1,900,000 | €1,900,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,777,928 | €8,555,787 | +€1.8m | +26.2% |
| Current portion of amounts payable after more than one year | 42 | €543,844 | €883,433 | +€339,589 | +62.4% |
| Financial debts | 43 | €2,050,000 | €2,400,000 | +€350,000 | +17.1% |
| Credit institutions | 430/8 | €2,050,000 | €2,400,000 | +€350,000 | +17.1% |
| Trade debts | 44 | €2,825,133 | €2,927,631 | +€102,499 | +3.6% |
| Suppliers | 440/4 | €2,825,133 | €2,927,631 | +€102,499 | +3.6% |
| Advances received on contracts in progress | 46 | €288,655 | €288,655 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,070,296 | €1,046,155 | -€24,141 | -2.3% |
| Taxes | 450/3 | €139,026 | €117,927 | -€21,099 | -15.2% |
| Remuneration and social security | 454/9 | €931,270 | €928,228 | -€3,042 | -0.3% |
| Other amounts payable | 47/48 | - | €1,009,913 | +€1.0m | |
| Accrued charges and deferred income | 492/3 | - | €83,177 | +€83,177 | |
| Remuneration, social security and pensions | 62 | €5,593,884 | €5,738,693 | +€144,809 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,754,924 | €1,011,705 | -€743,218 | -42.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €107,775 | +€107,775 | |
| Other operating charges | 640/8 | €63,297 | €117,406 | +€54,109 | +85.5% |
| Gross operating margin | 9900 | €6,981,128 | €8,916,466 | +€1.9m | +27.7% |
| Operating profit (loss) | 9901 | -€430,977 | €1,940,886 | +€2.4m | |
| Financial income | 75/76B | €272,854 | €37,793 | -€235,061 | -86.1% |
| Recurring financial income | 75 | €2,278 | €37,793 | +€35,515 | +1559.3% |
| Non-recurring financial income | 76B | €270,577 | - | -€270,577 | |
| Financial charges | 65/66B | €305,772 | €287,462 | -€18,309 | -6.0% |
| Recurring financial charges | 65 | €305,772 | €287,462 | -€18,309 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | -€463,894 | €1,691,217 | +€2.2m | |
| Income taxes | 67/77 | €0 | €67,835 | +€67,835 | +45223460.0% |
| Profit (loss) for the period | 9904 | -€463,894 | €1,623,382 | +€2.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€463,894 | €1,623,382 | +€2.1m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.