FORMA: what changed
FORMA
Largest movements
- Receivables within one year -€25,581
down €25,581 (-65.2%), from €39,216 to €13,635
of which Other amounts receivable: -€14,981
- Financial fixed assets -€12,257
no longer reported in 2025 (was €12,257)
- Cash -€4,267
down €4,267 (-53.0%), from €8,054 to €3,787
mainly Net result for the year (-€16,800) and Trade debts (-€16,366)
- Profit (loss) carried forward -€16,800
down €16,800, from €7,346 to -€9,454
- Trade debts -€16,366
down €16,366 (-97.6%), from €16,766 to €400
- Other debts -€8,939
down €8,939 (-59.7%), from €14,963 to €6,024
- Gross operating margin -€9,723
down €9,723, from €3,126 to -€6,597
- Financial income +€297
up €297 (+424,614%), from €0 to €297
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,527 | €17,422 | -€42,105 | -70.7% |
| Fixed assets | 21/28 | €12,257 | - | -€12,257 | |
| Financial fixed assets | 28 | €12,257 | - | -€12,257 | |
| Current assets | 29/58 | €47,269 | €17,422 | -€29,848 | -63.1% |
| Amounts receivable within one year | 40/41 | €39,216 | €13,635 | -€25,581 | -65.2% |
| Trade receivables | 40 | €22,695 | €12,095 | -€10,600 | -46.7% |
| Other amounts receivable | 41 | €16,521 | €1,540 | -€14,981 | -90.7% |
| Cash at bank and in hand | 54/58 | €8,054 | €3,787 | -€4,267 | -53.0% |
| Total equity and liabilities | 10/49 | €59,527 | €17,422 | -€42,105 | -70.7% |
| Equity | 10/15 | €27,798 | €10,998 | -€16,800 | -60.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,346 | -€9,454 | -€16,800 | |
| Amounts payable | 17/49 | €31,729 | €6,424 | -€25,305 | -79.8% |
| Amounts payable within one year | 42/48 | €31,729 | €6,424 | -€25,305 | -79.8% |
| Trade debts | 44 | €16,766 | €400 | -€16,366 | -97.6% |
| Suppliers | 440/4 | €16,766 | €400 | -€16,366 | -97.6% |
| Other amounts payable | 47/48 | €14,963 | €6,024 | -€8,939 | -59.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €9,960 | +€9,960 | |
| Gross operating margin | 9900 | €3,126 | -€6,597 | -€9,723 | |
| Operating profit (loss) | 9901 | €2,739 | -€16,957 | -€19,696 | |
| Financial income | 75/76B | €0 | €297 | +€297 | +424,614% |
| Recurring financial income | 75 | €0 | €297 | +€297 | +424,614% |
| Financial charges | 65/66B | €117 | €140 | +€23 | +19.9% |
| Recurring financial charges | 65 | €117 | €140 | +€23 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €2,622 | -€16,800 | -€19,422 | |
| Profit (loss) for the period | 9904 | €2,622 | -€16,800 | -€19,422 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,622 | -€16,800 | -€19,422 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.