Forma'Rive: 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.
What changed
Forma'Rive
NACE 85.592, Vocational training
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€56,296
2023 · -€9,770+€66,066
Equity
€1.5m
2023 · €1.5m+€44,651
Cash
€653,832
2023 · €706,313-€52,481
Balance sheet total
€2.7m
2023 · €2.4m+€268,274
Largest movements
Assets
- Tangible fixed assets +€359,653
up €359,653 (+23.4%), from €1.5m to €1.9m
of which Land and buildings: +€332,632
- Cash -€52,481
down €52,481 (-7.4%), from €706,313 to €653,832
mainly Investment in fixed assets (net) (-€534,967) and Contributions, distributions and other (-€11,645)
- Receivables within one year -€37,801
down €37,801 (-26.7%), from €141,507 to €103,706
of which Other amounts receivable: -€36,215
Equity and liabilities
- Debts after one year +€216,330
up €216,330 (+50.7%), from €426,931 to €643,261
of which Financial debts: +€206,825
- Reserves +€50,666
new in 2024: €50,666
Income statement
- Other operating income +€248,390
up €248,390 (+15.7%), from €1.6m to €1.8m
- Staff costs +€114,367
up €114,367 (+8.6%), from €1.3m to €1.4m
- Services and other goods +€49,537
up €49,537 (+40.7%), from €121,672 to €171,209
- Depreciation +€33,563
up €33,563 (+23.7%), from €141,751 to €175,314
- Financial income +€14,095
up €14,095 (+58.4%), from €24,137 to €38,232
From the 2023 result to the 2024 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.
Result 2023
-€9,770
Turnover
+€11,695
Other operating income
+€248,390
Goods and materials
+€819
Services and other goods
-€49,537
Staff costs
-€114,367
Depreciation
-€33,563
Other operating charges
-€541
Other operating items
-€6,155
Financial income
+€14,095
Financial charges
-€4,770
Result 2024
€56,296
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€277,801
Investment
-€534,967
Financing
+€204,685
Cash 2023
€706,313
From operations (derived)
+€277,801
Net result for the year
+€56,296
Depreciation
+€175,314
Receivables within one year
+€37,801
Deferred charges and accrued income
+€1,097
Debts within one year
+€7,293
Investment (derived)
-€534,967
Investment in fixed assets (net)
-€534,967
Financing
+€204,685
Debts after one year
+€216,330
Contributions, distributions and other
-€11,645
Cash 2024
€653,832
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,387,123 | €2,655,397 | +€268,274 | +11.2% |
| Fixed assets | 21/28 | €1,534,184 | €1,893,837 | +€359,653 | +23.4% |
| Tangible fixed assets | 22/27 | €1,533,703 | €1,893,356 | +€359,653 | +23.4% |
| Land and buildings | 22 | €1,453,533 | €1,786,165 | +€332,632 | +22.9% |
| Plant, machinery and equipment | 23 | €17,803 | €50,735 | +€32,932 | +185.0% |
| Furniture and vehicles | 24 | €62,367 | €56,456 | -€5,911 | -9.5% |
| Financial fixed assets | 28 | €481 | €481 | = | 0.0% |
| Other financial fixed assets | 284/8 | €481 | €481 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €481 | €481 | = | 0.0% |
| Current assets | 29/58 | €852,939 | €761,560 | -€91,379 | -10.7% |
| Amounts receivable within one year | 40/41 | €141,507 | €103,706 | -€37,801 | -26.7% |
| Trade receivables | 40 | €2,541 | €955 | -€1,586 | -62.4% |
| Other amounts receivable | 41 | €138,966 | €102,751 | -€36,215 | -26.1% |
| Cash at bank and in hand | 54/58 | €706,313 | €653,832 | -€52,481 | -7.4% |
| Deferred charges and accrued income | 490/1 | €5,119 | €4,022 | -€1,097 | -21.4% |
| Total equity and liabilities | 10/49 | €2,387,123 | €2,655,397 | +€268,274 | +11.2% |
| Equity | 10/15 | €1,491,569 | €1,536,220 | +€44,651 | +3.0% |
| Contributions | 10/11 | €195,669 | €195,669 | = | 0.0% |
| Capital | 10 | €195,669 | €195,669 | = | 0.0% |
| Reserves | 13 | - | €50,666 | +€50,666 | |
| Profit (loss) carried forward | 14 | €1,069,382 | €1,075,012 | +€5,630 | +0.5% |
| Investment grants | 15 | €226,518 | €214,873 | -€11,645 | -5.1% |
| Amounts payable | 17/49 | €895,554 | €1,119,177 | +€223,623 | +25.0% |
| Amounts payable after more than one year | 17 | €426,931 | €643,261 | +€216,330 | +50.7% |
| Financial debts | 170/4 | €424,923 | €631,748 | +€206,825 | +48.7% |
| Credit institutions | 173 | €424,923 | €631,748 | +€206,825 | +48.7% |
| Other amounts payable | 178/9 | €2,008 | €11,513 | +€9,505 | +473.4% |
| Amounts payable within one year | 42/48 | €468,623 | €475,916 | +€7,293 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €31,097 | €39,503 | +€8,406 | +27.0% |
| Trade debts | 44 | €4,433 | €6,950 | +€2,517 | +56.8% |
| Suppliers | 440/4 | €4,433 | €6,950 | +€2,517 | +56.8% |
| Taxes, remuneration and social security | 45 | €185,689 | €168,838 | -€16,851 | -9.1% |
| Taxes | 450/3 | €13,270 | €94 | -€13,176 | -99.3% |
| Remuneration and social security | 454/9 | €172,419 | €168,744 | -€3,675 | -2.1% |
| Operating income | 70/76A | €1,595,618 | €1,864,561 | +€268,943 | +16.9% |
| Turnover | 70 | €11,644 | €23,339 | +€11,695 | +100.4% |
| Other operating income | 74 | €1,583,974 | €1,832,364 | +€248,390 | +15.7% |
| Non-recurring operating income | 76A | - | €8,858 | +€8,858 | |
| Operating charges | 60/66A | €1,612,829 | €1,825,031 | +€212,202 | +13.2% |
| Goods for resale, raw materials and consumables | 60 | €18,649 | €17,830 | -€819 | -4.4% |
| Purchases | 600/8 | €18,649 | €17,830 | -€819 | -4.4% |
| Services and other goods | 61 | €121,672 | €171,209 | +€49,537 | +40.7% |
| Remuneration, social security and pensions | 62 | €1,326,633 | €1,441,000 | +€114,367 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €141,751 | €175,314 | +€33,563 | +23.7% |
| Other operating charges | 640/8 | €4,019 | €4,560 | +€541 | +13.5% |
| Non-recurring operating charges | 66A | €105 | €15,118 | +€15,013 | +14298.1% |
| Operating profit (loss) | 9901 | -€17,211 | €39,530 | +€56,741 | |
| Financial income | 75/76B | €24,137 | €38,232 | +€14,095 | +58.4% |
| Recurring financial income | 75 | €24,137 | €38,232 | +€14,095 | +58.4% |
| Income from financial fixed assets | 750 | €19 | €521 | +€502 | +2642.1% |
| Income from current assets | 751 | - | €322 | +€322 | |
| Other financial income | 752/9 | €24,118 | €37,389 | +€13,271 | +55.0% |
| Financial charges | 65/66B | €16,696 | €21,466 | +€4,770 | +28.6% |
| Recurring financial charges | 65 | €16,696 | €21,466 | +€4,770 | +28.6% |
| Debt charges | 650 | €16,695 | €18,845 | +€2,150 | +12.9% |
| Other financial charges | 652/9 | €1 | €2,621 | +€2,620 | +262000.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,770 | €56,296 | +€66,066 | |
| Profit (loss) for the period | 9904 | -€9,770 | €56,296 | +€66,066 | |
| Transfer to tax-exempt reserves | 689 | - | €50,666 | +€50,666 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,770 | €5,630 | +€15,400 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.