FORMA-LIBRE: 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.
FORMA-LIBRE
Largest movements
- Intangible fixed assets -€236,170
no longer reported in 2025 (was €236,170)
- Receivables within one year +€82,683
up €82,683 (+47.3%), from €174,751 to €257,434
of which Other amounts receivable: +€227,388
- Cash +€10,029
up €10,029 (+708%), from €1,416 to €11,445
mainly Investment in fixed assets (net) (+€236,170) and Deferred charges and accrued income (+€5,498)
- Deferred charges and accrued income -€5,498
down €5,498 (-81.8%), from €6,723 to €1,225
- Tax, wage and social debts -€106,983
down €106,983 (-63.5%), from €168,510 to €61,527
of which Remuneration and social security: -€102,070
- Profit (loss) carried forward -€31,964
down €31,964 (-21.9%), from -€145,952 to -€177,916
- Trade debts -€9,159
down €9,159 (-58.5%), from €15,652 to €6,493
- Gross operating margin -€405,817
down €405,817 (-99.4%), from €408,214 to €2,397
- Depreciation -€159,363
no longer reported in 2025 (was €159,363)
- Staff costs -€151,010
down €151,010 (-79.1%), from €190,839 to €39,829
- Write-downs +€95,225
no longer reported in 2025 (was -€95,225)
- Other operating charges -€94,726
down €94,726 (-98.5%), from €96,137 to €1,411
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 | €419,061 | €270,104 | -€148,957 | -35.5% |
| Fixed assets | 21/28 | €236,170 | - | -€236,170 | |
| Intangible fixed assets | 21 | €236,170 | - | -€236,170 | |
| Current assets | 29/58 | €182,891 | €270,104 | +€87,214 | +47.7% |
| Amounts receivable within one year | 40/41 | €174,751 | €257,434 | +€82,683 | +47.3% |
| Trade receivables | 40 | €174,705 | €30,000 | -€144,705 | -82.8% |
| Other amounts receivable | 41 | €46 | €227,434 | +€227,388 | +492,288% |
| Cash at bank and in hand | 54/58 | €1,416 | €11,445 | +€10,029 | +708% |
| Deferred charges and accrued income | 490/1 | €6,723 | €1,225 | -€5,498 | -81.8% |
| Total equity and liabilities | 10/49 | €419,061 | €270,104 | -€148,957 | -35.5% |
| Equity | 10/15 | €234,048 | €202,084 | -€31,964 | -13.7% |
| Contributions | 10/11 | €380,000 | €380,000 | = | 0.0% |
| Capital | 10 | €380,000 | €380,000 | = | 0.0% |
| Issued capital | 100 | €380,000 | €380,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,952 | -€177,916 | -€31,964 | -21.9% |
| Amounts payable | 17/49 | €185,013 | €68,020 | -€116,993 | -63.2% |
| Amounts payable within one year | 42/48 | €185,013 | €68,020 | -€116,993 | -63.2% |
| Trade debts | 44 | €15,652 | €6,493 | -€9,159 | -58.5% |
| Suppliers | 440/4 | €15,652 | €6,493 | -€9,159 | -58.5% |
| Taxes, remuneration and social security | 45 | €168,510 | €61,527 | -€106,983 | -63.5% |
| Taxes | 450/3 | €6,874 | €1,962 | -€4,913 | -71.5% |
| Remuneration and social security | 454/9 | €161,636 | €59,566 | -€102,070 | -63.1% |
| Other amounts payable | 47/48 | €851 | - | -€851 | |
| Non-recurring operating income | 76A | €32,537 | €126,510 | +€93,973 | +289% |
| Remuneration, social security and pensions | 62 | €190,839 | €39,829 | -€151,010 | -79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159,363 | - | -€159,363 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€95,225 | - | +€95,225 | |
| Other operating charges | 640/8 | €96,137 | €1,411 | -€94,726 | -98.5% |
| Non-recurring operating charges | 66A | €188 | - | -€188 | |
| Gross operating margin | 9900 | €408,214 | €2,397 | -€405,817 | -99.4% |
| Operating profit (loss) | 9901 | €56,912 | -€38,843 | -€95,755 | |
| Financial income | 75/76B | €76 | €7,020 | +€6,944 | +9,141% |
| Recurring financial income | 75 | €76 | €7,020 | +€6,944 | +9,141% |
| Financial charges | 65/66B | €4,830 | €140 | -€4,690 | -97.1% |
| Recurring financial charges | 65 | €4,830 | €140 | -€4,690 | -97.1% |
| Profit (loss) for the period before taxes | 9903 | €52,158 | -€31,964 | -€84,122 | |
| Profit (loss) for the period | 9904 | €52,158 | -€31,964 | -€84,122 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,158 | -€31,964 | -€84,122 |
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 14 October 2026 via checked.be.