FORM'ANIM: 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.
FORM'ANIM
Largest movements
- Receivables within one year +€199,985
up €199,985 (+80.0%), from €250,103 to €450,088
of which Other amounts receivable: +€199,680
- Cash -€32,436
down €32,436 (-16.9%), from €191,953 to €159,517
mainly Receivables within one year (-€199,985) and Contributions, distributions and other (-€5,404)
- Tangible fixed assets -€12,443
down €12,443 (-25.1%), from €49,547 to €37,104
- Debts within one year +€120,535
up €120,535 (+70.4%), from €171,329 to €291,864
of which Trade debts: +€137,463
- Profit (loss) carried forward +€63,862
up €63,862 (+2455.4%), from €2,601 to €66,463
- Reserves -€61,417
down €61,417 (-34.7%), from €177,215 to €115,798
- Provisions +€21,150
up €21,150 (+25.7%), from €82,382 to €103,533
- Accrued charges and deferred income +€12,845
up €12,845 (+30.6%), from €41,951 to €54,796
- Staff costs +€91,259
up €91,259 (+9.0%), from €1.0m to €1.1m
- Gross operating margin +€73,557
up €73,557 (+6.6%), from €1.1m to €1.2m
- Purchases and services +€53,727
up €53,727 (+21.2%), from €253,158 to €306,885
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 | €507,904 | €659,475 | +€151,571 | +29.8% |
| Fixed assets | 21/28 | €52,547 | €40,104 | -€12,443 | -23.7% |
| Tangible fixed assets | 22/27 | €49,547 | €37,104 | -€12,443 | -25.1% |
| Plant, machinery and equipment | 23 | €7,860 | €2,021 | -€5,839 | -74.3% |
| Furniture and vehicles | 24 | €7,691 | €5,111 | -€2,579 | -33.5% |
| Other tangible fixed assets | 26 | €33,996 | €28,462 | -€5,534 | -16.3% |
| Assets under construction and advance payments | 27 | - | €1,510 | +€1,510 | |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €455,357 | €619,371 | +€164,014 | +36.0% |
| Amounts receivable within one year | 40/41 | €250,103 | €450,088 | +€199,985 | +80.0% |
| Trade receivables | 40 | €3,993 | €4,298 | +€305 | +7.6% |
| Other amounts receivable | 41 | €246,110 | €445,790 | +€199,680 | +81.1% |
| Cash at bank and in hand | 54/58 | €191,953 | €159,517 | -€32,436 | -16.9% |
| Deferred charges and accrued income | 490/1 | €13,301 | €9,766 | -€3,534 | -26.6% |
| Total equity and liabilities | 10/49 | €507,904 | €659,475 | +€151,571 | +29.8% |
| Equity | 10/15 | €212,241 | €209,282 | -€2,959 | -1.4% |
| Reserves | 13 | €177,215 | €115,798 | -€61,417 | -34.7% |
| Profit (loss) carried forward | 14 | €2,601 | €66,463 | +€63,862 | +2455.4% |
| Investment grants | 15 | €32,425 | €27,021 | -€5,404 | -16.7% |
| Provisions and deferred taxes | 16 | €82,382 | €103,533 | +€21,150 | +25.7% |
| Provisions for liabilities and charges | 160/5 | €82,382 | €103,533 | +€21,150 | +25.7% |
| Environmental obligations | 163 | €17,001 | €17,001 | = | 0.0% |
| Other liabilities and charges | 164/5 | €65,381 | €86,531 | +€21,150 | +32.3% |
| Amounts payable | 17/49 | €213,280 | €346,660 | +€133,380 | +62.5% |
| Amounts payable within one year | 42/48 | €171,329 | €291,864 | +€120,535 | +70.4% |
| Trade debts | 44 | €15,325 | €152,788 | +€137,463 | +897.0% |
| Suppliers | 440/4 | €15,325 | €152,788 | +€137,463 | +897.0% |
| Taxes, remuneration and social security | 45 | €154,954 | €103,228 | -€51,726 | -33.4% |
| Taxes | 450/3 | €16,697 | - | -€16,697 | |
| Remuneration and social security | 454/9 | €138,257 | €103,228 | -€35,029 | -25.3% |
| Accrued charges and deferred income | 492/3 | €41,951 | €54,796 | +€12,845 | +30.6% |
| Turnover | 70 | €44,838 | €33,776 | -€11,062 | -24.7% |
| Non-recurring operating income | 76A | €4,188 | €81,751 | +€77,562 | +1851.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €253,158 | €306,885 | +€53,727 | +21.2% |
| Remuneration, social security and pensions | 62 | €1,010,513 | €1,101,772 | +€91,259 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,811 | €13,952 | -€3,859 | -21.7% |
| Other operating charges | 640/8 | €11,469 | €5,593 | -€5,876 | -51.2% |
| Non-recurring operating charges | 66A | €28,215 | €45,386 | +€17,171 | +60.9% |
| Gross operating margin | 9900 | €1,109,190 | €1,182,746 | +€73,557 | +6.6% |
| Operating profit (loss) | 9901 | -€6,481 | -€5,107 | +€1,374 | +21.2% |
| Financial income | 75/76B | €9,380 | €7,842 | -€1,538 | -16.4% |
| Recurring financial income | 75 | €9,380 | €7,842 | -€1,538 | -16.4% |
| Financial charges | 65/66B | €297 | €289 | -€8 | -2.8% |
| Recurring financial charges | 65 | €245 | €289 | +€44 | +18.1% |
| Non-recurring financial charges | 66B | €53 | - | -€53 | |
| Profit (loss) for the period before taxes | 9903 | €2,601 | €2,445 | -€155 | -6.0% |
| Profit (loss) for the period | 9904 | €2,601 | €2,445 | -€155 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,601 | €2,445 | -€155 | -6.0% |
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 8 October 2026 via checked.be.