DE VORMSNOEI: 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.
DE VORMSNOEI
Largest movements
- Receivables within one year +€20,877
up €20,877 (+28.7%), from €72,644 to €93,522
of which Other amounts receivable: +€30,296
- Tangible fixed assets +€4,303
up €4,303 (+7.9%), from €54,612 to €58,915
of which Furniture and vehicles: +€9,075
- Deferred charges and accrued income -€2,105
down €2,105 (-55.5%), from €3,795 to €1,691
- Stocks and contracts -€1,695
down €1,695 (-11.5%), from €14,685 to €12,990
of which Stocks: -€2,645
- Trade debts -€65,466
down €65,466 (-83.9%), from €78,062 to €12,596
- Debts after one year +€49,274
up €49,274 (+1,228%), from €4,012 to €53,285
- Current portion of long-term debt +€16,979
up €16,979 (+200%), from €8,498 to €25,478
- Short-term financial debts +€9,094
up €9,094 (+23.9%), from €38,077 to €47,172
- Profit (loss) carried forward +€9,028
up €9,028 (+25.3%), from -€35,699 to -€26,671
- Gross operating margin +€13,078
up €13,078 (+42.1%), from €31,049 to €44,128
- Staff costs +€11,096
up €11,096 (+5,093%), from €218 to €11,314
- Other operating charges -€1,458
down €1,458 (-57.3%), from €2,546 to €1,089
- Financial charges +€1,228
up €1,228 (+20.8%), from €5,900 to €7,128
- Financial income +€1,007
up €1,007 (+149%), from €676 to €1,683
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 | €146,237 | €168,118 | +€21,881 | +15.0% |
| Fixed assets | 21/28 | €54,613 | €58,916 | +€4,303 | +7.9% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €54,612 | €58,915 | +€4,303 | +7.9% |
| Land and buildings | 22 | €20,776 | €18,604 | -€2,172 | -10.5% |
| Plant, machinery and equipment | 23 | €10,488 | €7,888 | -€2,600 | -24.8% |
| Furniture and vehicles | 24 | €23,348 | €32,424 | +€9,075 | +38.9% |
| Current assets | 29/58 | €91,624 | €109,202 | +€17,577 | +19.2% |
| Stocks and contracts in progress | 3 | €14,685 | €12,990 | -€1,695 | -11.5% |
| Stocks | 30/36 | €13,485 | €10,840 | -€2,645 | -19.6% |
| Contracts in progress | 37 | €1,200 | €2,150 | +€950 | +79.2% |
| Amounts receivable within one year | 40/41 | €72,644 | €93,522 | +€20,877 | +28.7% |
| Trade receivables | 40 | €57,803 | €48,384 | -€9,419 | -16.3% |
| Other amounts receivable | 41 | €14,841 | €45,138 | +€30,296 | +204% |
| Cash at bank and in hand | 54/58 | €500 | €1,000 | +€500 | +100% |
| Deferred charges and accrued income | 490/1 | €3,795 | €1,691 | -€2,105 | -55.5% |
| Total equity and liabilities | 10/49 | €146,237 | €168,118 | +€21,881 | +15.0% |
| Equity | 10/15 | €12,849 | €21,877 | +€9,028 | +70.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,947 | €29,947 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,087 | €28,087 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,699 | -€26,671 | +€9,028 | +25.3% |
| Amounts payable | 17/49 | €133,389 | €146,241 | +€12,852 | +9.6% |
| Amounts payable after more than one year | 17 | €4,012 | €53,285 | +€49,274 | +1,228% |
| Financial debts | 170/4 | €4,012 | €53,285 | +€49,274 | +1,228% |
| Amounts payable within one year | 42/48 | €128,553 | €92,469 | -€36,085 | -28.1% |
| Current portion of amounts payable after more than one year | 42 | €8,498 | €25,478 | +€16,979 | +200% |
| Financial debts | 43 | €38,077 | €47,172 | +€9,094 | +23.9% |
| Credit institutions | 430/8 | €38,077 | €47,172 | +€9,094 | +23.9% |
| Trade debts | 44 | €78,062 | €12,596 | -€65,466 | -83.9% |
| Suppliers | 440/4 | €78,062 | €12,596 | -€65,466 | -83.9% |
| Taxes, remuneration and social security | 45 | €2,996 | €5,938 | +€2,942 | +98.2% |
| Taxes | 450/3 | €2,996 | €4,156 | +€1,160 | +38.7% |
| Remuneration and social security | 454/9 | €0 | €1,782 | +€1,782 | |
| Other amounts payable | 47/48 | €920 | €1,285 | +€365 | +39.7% |
| Accrued charges and deferred income | 492/3 | €824 | €487 | -€336 | -40.8% |
| Non-recurring operating income | 76A | €62 | €0 | -€62 | -100% |
| Remuneration, social security and pensions | 62 | €218 | €11,314 | +€11,096 | +5,093% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,602 | €17,111 | -€491 | -2.8% |
| Other operating charges | 640/8 | €2,546 | €1,089 | -€1,458 | -57.3% |
| Gross operating margin | 9900 | €31,049 | €44,128 | +€13,078 | +42.1% |
| Operating profit (loss) | 9901 | €10,683 | €14,614 | +€3,931 | +36.8% |
| Financial income | 75/76B | €676 | €1,683 | +€1,007 | +149% |
| Recurring financial income | 75 | €676 | €1,683 | +€1,007 | +149% |
| Financial charges | 65/66B | €5,900 | €7,128 | +€1,228 | +20.8% |
| Recurring financial charges | 65 | €5,900 | €7,128 | +€1,228 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €5,459 | €9,169 | +€3,710 | +68.0% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | €5,320 | €9,028 | +€3,709 | +69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,320 | €9,028 | +€3,709 | +69.7% |
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 25 October 2026 via checked.be.