FORMA SERVICES: 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.
FORMA SERVICES
Largest movements
- Receivables within one year +€85,293
up €85,293 (+71.8%), from €118,834 to €204,127
of which Trade receivables: +€85,363
- Cash -€11,584
down €11,584 (-52.9%), from €21,884 to €10,300
mainly Receivables within one year (-€85,293) and Accrued charges and deferred income (-€7,016)
- Financial fixed assets -€9,677
down €9,677 (-99.5%), from €9,727 to €50
- Tangible fixed assets -€4,000
down €4,000 (-21.9%), from €18,263 to €14,263
of which Furniture and vehicles: -€4,000
- Reserves +€50,428
up €50,428 (+61.6%), from €81,805 to €132,233
of which Distributable reserves: +€50,428
- Trade debts +€15,924
up €15,924 (+63.0%), from €25,280 to €41,203
- Tax, wage and social debts +€7,625
up €7,625 (+20.2%), from €37,813 to €45,437
of which Taxes: +€10,928
- Accrued charges and deferred income -€7,016
down €7,016 (-100.0%), from €7,016 to €0
- Contributions -€6,500
down €6,500 (-37.1%), from €17,500 to €11,000
- Gross operating margin +€26,355
up €26,355 (+11.3%), from €232,545 to €258,900
- Staff costs -€10,734
down €10,734 (-5.6%), from €193,073 to €182,339
- Taxes +€7,419
up €7,419 (+70.3%), from €10,553 to €17,973
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,413 | €229,984 | +€60,571 | +35.8% |
| Fixed assets | 21/28 | €27,990 | €14,313 | -€13,677 | -48.9% |
| Tangible fixed assets | 22/27 | €18,263 | €14,263 | -€4,000 | -21.9% |
| Furniture and vehicles | 24 | €18,263 | €14,263 | -€4,000 | -21.9% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €9,727 | €50 | -€9,677 | -99.5% |
| Current assets | 29/58 | €141,423 | €215,671 | +€74,248 | +52.5% |
| Amounts receivable within one year | 40/41 | €118,834 | €204,127 | +€85,293 | +71.8% |
| Trade receivables | 40 | €118,763 | €204,127 | +€85,363 | +71.9% |
| Other amounts receivable | 41 | €71 | €0 | -€71 | -100.0% |
| Cash at bank and in hand | 54/58 | €21,884 | €10,300 | -€11,584 | -52.9% |
| Deferred charges and accrued income | 490/1 | €705 | €1,244 | +€539 | +76.4% |
| Total equity and liabilities | 10/49 | €169,413 | €229,984 | +€60,571 | +35.8% |
| Equity | 10/15 | €99,305 | €143,233 | +€43,928 | +44.2% |
| Contributions | 10/11 | €17,500 | €11,000 | -€6,500 | -37.1% |
| Capital | 10 | €17,500 | €11,000 | -€6,500 | -37.1% |
| Issued capital | 100 | €17,500 | €11,000 | -€6,500 | -37.1% |
| Reserves | 13 | €81,805 | €132,233 | +€50,428 | +61.6% |
| Non-distributable reserves | 130/1 | €789 | €789 | = | 0.0% |
| Legal reserve | 130 | €789 | €789 | = | 0.0% |
| Distributable reserves | 133 | €81,016 | €131,444 | +€50,428 | +62.2% |
| Amounts payable | 17/49 | €70,108 | €86,752 | +€16,643 | +23.7% |
| Amounts payable within one year | 42/48 | €63,093 | €86,752 | +€23,659 | +37.5% |
| Trade debts | 44 | €25,280 | €41,203 | +€15,924 | +63.0% |
| Suppliers | 440/4 | €25,280 | €41,203 | +€15,924 | +63.0% |
| Taxes, remuneration and social security | 45 | €37,813 | €45,437 | +€7,625 | +20.2% |
| Taxes | 450/3 | €12,431 | €23,359 | +€10,928 | +87.9% |
| Remuneration and social security | 454/9 | €25,382 | €22,078 | -€3,304 | -13.0% |
| Other amounts payable | 47/48 | €0 | €111 | +€111 | |
| Accrued charges and deferred income | 492/3 | €7,016 | €0 | -€7,016 | -100.0% |
| Remuneration, social security and pensions | 62 | €193,073 | €182,339 | -€10,734 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,335 | €5,639 | +€2,305 | +69.1% |
| Other operating charges | 640/8 | €1,042 | €1,223 | +€181 | +17.4% |
| Non-recurring operating charges | 66A | €1,027 | €0 | -€1,027 | -100.0% |
| Gross operating margin | 9900 | €232,545 | €258,900 | +€26,355 | +11.3% |
| Operating profit (loss) | 9901 | €34,068 | €69,699 | +€35,630 | +104.6% |
| Financial income | 75/76B | €47 | €47 | -€0 | -0.8% |
| Recurring financial income | 75 | €47 | €47 | -€0 | -0.8% |
| Financial charges | 65/66B | €514 | €1,345 | +€830 | +161.4% |
| Recurring financial charges | 65 | €514 | €1,345 | +€830 | +161.4% |
| Profit (loss) for the period before taxes | 9903 | €33,601 | €68,400 | +€34,800 | +103.6% |
| Income taxes | 67/77 | €10,553 | €17,973 | +€7,419 | +70.3% |
| Profit (loss) for the period | 9904 | €23,047 | €50,428 | +€27,380 | +118.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,047 | €50,428 | +€27,380 | +118.8% |
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 29 September 2026 via checked.be.