Forma T.: 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 T.
Largest movements
- Receivables within one year +€21,501
up €21,501 (+64.4%), from €33,384 to €54,884
of which Other amounts receivable: +€17,397
- Cash -€3,350
down €3,350 (-50.8%), from €6,601 to €3,251
mainly Receivables within one year (-€21,501) and Investment in fixed assets (net) (-€2,566)
- Deferred charges and accrued income +€2,212
up €2,212 (+416%), from €532 to €2,743
- Tangible fixed assets +€2,016
up €2,016 (+186%), from €1,083 to €3,098
of which Furniture and vehicles: +€2,016
- Reserves +€13,987
up €13,987 (+76.5%), from €18,276 to €32,263
- Tax, wage and social debts +€7,103
up €7,103 (+62.6%), from €11,346 to €18,448
- Trade debts +€1,288
up €1,288 (+12.5%), from €10,343 to €11,630
- Gross operating margin +€6,166
up €6,166 (+33.7%), from €18,285 to €24,451
- Taxes +€2,990
up €2,990 (+57.8%), from €5,172 to €8,163
- Depreciation +€248
up €248 (+81.8%), from €303 to €550
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 | €41,599 | €63,976 | +€22,377 | +53.8% |
| Fixed assets | 21/28 | €1,083 | €3,098 | +€2,016 | +186% |
| Tangible fixed assets | 22/27 | €1,083 | €3,098 | +€2,016 | +186% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €593 | €2,608 | +€2,016 | +340% |
| Other tangible fixed assets | 26 | €490 | €490 | = | 0.0% |
| Current assets | 29/58 | €40,516 | €60,878 | +€20,362 | +50.3% |
| Amounts receivable within one year | 40/41 | €33,384 | €54,884 | +€21,501 | +64.4% |
| Trade receivables | 40 | €1,814 | €5,918 | +€4,103 | +226% |
| Other amounts receivable | 41 | €31,570 | €48,967 | +€17,397 | +55.1% |
| Cash at bank and in hand | 54/58 | €6,601 | €3,251 | -€3,350 | -50.8% |
| Deferred charges and accrued income | 490/1 | €532 | €2,743 | +€2,212 | +416% |
| Total equity and liabilities | 10/49 | €41,599 | €63,976 | +€22,377 | +53.8% |
| Equity | 10/15 | €19,911 | €33,898 | +€13,987 | +70.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €18,276 | €32,263 | +€13,987 | +76.5% |
| Distributable reserves | 133 | €18,276 | €32,263 | +€13,987 | +76.5% |
| Profit (loss) carried forward | 14 | -€4,565 | -€4,565 | = | 0.0% |
| Amounts payable | 17/49 | €21,688 | €30,079 | +€8,390 | +38.7% |
| Amounts payable within one year | 42/48 | €21,688 | €30,079 | +€8,390 | +38.7% |
| Trade debts | 44 | €10,343 | €11,630 | +€1,288 | +12.5% |
| Suppliers | 440/4 | €10,343 | €11,630 | +€1,288 | +12.5% |
| Taxes, remuneration and social security | 45 | €11,346 | €18,448 | +€7,103 | +62.6% |
| Taxes | 450/3 | €11,346 | €18,448 | +€7,103 | +62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €303 | €550 | +€248 | +81.8% |
| Other operating charges | 640/8 | €1,121 | €1,279 | +€158 | +14.1% |
| Gross operating margin | 9900 | €18,285 | €24,451 | +€6,166 | +33.7% |
| Operating profit (loss) | 9901 | €16,861 | €22,622 | +€5,761 | +34.2% |
| Financial income | 75/76B | €81 | €0 | -€81 | -100.0% |
| Recurring financial income | 75 | €81 | €0 | -€81 | -100.0% |
| Financial charges | 65/66B | €539 | €472 | -€67 | -12.4% |
| Recurring financial charges | 65 | €539 | €472 | -€67 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €16,403 | €22,150 | +€5,747 | +35.0% |
| Income taxes | 67/77 | €5,172 | €8,163 | +€2,990 | +57.8% |
| Profit (loss) for the period | 9904 | €11,230 | €13,987 | +€2,757 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,230 | €13,987 | +€2,757 | +24.5% |
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 22 October 2026 via checked.be.