FORMA VERDE: 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 VERDE
Largest movements
- Cash +€17,190
up €17,190 (+325%), from €5,293 to €22,484
mainly Tax, wage and social debts (+€26,723) and Depreciation (+€17,495)
- Stocks and contracts -€14,541
down €14,541 (-82.7%), from €17,580 to €3,039
of which Contracts in progress: -€7,755
- Receivables within one year +€10,185
up €10,185 (+64.4%), from €15,824 to €26,009
of which Trade receivables: +€9,840
- Tangible fixed assets +€3,108
up €3,108 (+7.4%), from €41,755 to €44,864
of which Leasing and similar rights: +€3,305
- Tax, wage and social debts +€26,723
up €26,723 (+464%), from €5,762 to €32,486
of which Remuneration and social security: +€25,269
- Trade debts -€7,974
down €7,974 (-37.1%), from €21,510 to €13,537
- Debts after one year -€6,136
down €6,136 (-20.3%), from €30,270 to €24,135
- Profit (loss) carried forward +€2,114
up €2,114 (+63.9%), from €3,309 to €5,423
- Gross operating margin +€35,948
up €35,948 (+187%), from €19,222 to €55,170
- Staff costs +€31,301
new in 2025: €31,301
- Depreciation +€2,972
up €2,972 (+20.5%), from €14,523 to €17,495
- Financial income -€1,441
down €1,441 (-99.9%), from €1,442 to €1
- Financial charges +€1,081
up €1,081 (+48.1%), from €2,248 to €3,329
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 | €80,998 | €96,435 | +€15,437 | +19.1% |
| Fixed assets | 21/28 | €41,755 | €44,864 | +€3,108 | +7.4% |
| Tangible fixed assets | 22/27 | €41,755 | €44,864 | +€3,108 | +7.4% |
| Plant, machinery and equipment | 23 | €4,070 | €1,384 | -€2,687 | -66.0% |
| Furniture and vehicles | 24 | €3,088 | €5,578 | +€2,490 | +80.6% |
| Leasing and similar rights | 25 | €34,597 | €37,901 | +€3,305 | +9.6% |
| Current assets | 29/58 | €39,243 | €51,572 | +€12,329 | +31.4% |
| Stocks and contracts in progress | 3 | €17,580 | €3,039 | -€14,541 | -82.7% |
| Stocks | 30/36 | €9,825 | €3,039 | -€6,786 | -69.1% |
| Contracts in progress | 37 | €7,755 | €0 | -€7,755 | -100% |
| Amounts receivable within one year | 40/41 | €15,824 | €26,009 | +€10,185 | +64.4% |
| Trade receivables | 40 | €12,194 | €22,034 | +€9,840 | +80.7% |
| Other amounts receivable | 41 | €3,629 | €3,974 | +€345 | +9.5% |
| Cash at bank and in hand | 54/58 | €5,293 | €22,484 | +€17,190 | +325% |
| Deferred charges and accrued income | 490/1 | €546 | €41 | -€506 | -92.6% |
| Total equity and liabilities | 10/49 | €80,998 | €96,435 | +€15,437 | +19.1% |
| Equity | 10/15 | €8,309 | €10,423 | +€2,114 | +25.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,309 | €5,423 | +€2,114 | +63.9% |
| Amounts payable | 17/49 | €72,689 | €86,012 | +€13,324 | +18.3% |
| Amounts payable after more than one year | 17 | €30,270 | €24,135 | -€6,136 | -20.3% |
| Financial debts | 170/4 | €30,270 | €24,135 | -€6,136 | -20.3% |
| Amounts payable within one year | 42/48 | €42,418 | €61,878 | +€19,459 | +45.9% |
| Current portion of amounts payable after more than one year | 42 | €15,146 | €15,585 | +€439 | +2.9% |
| Trade debts | 44 | €21,510 | €13,537 | -€7,974 | -37.1% |
| Suppliers | 440/4 | €21,510 | €13,537 | -€7,974 | -37.1% |
| Taxes, remuneration and social security | 45 | €5,762 | €32,486 | +€26,723 | +464% |
| Taxes | 450/3 | €3,662 | €5,117 | +€1,455 | +39.7% |
| Remuneration and social security | 454/9 | €2,100 | €27,369 | +€25,269 | +1,203% |
| Other amounts payable | 47/48 | - | €271 | +€271 | |
| Accrued charges and deferred income | 492/3 | - | €0 | +€0 | |
| Remuneration, social security and pensions | 62 | - | €31,301 | +€31,301 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,523 | €17,495 | +€2,972 | +20.5% |
| Other operating charges | 640/8 | €1,451 | €932 | -€519 | -35.8% |
| Non-recurring operating charges | 66A | €2,180 | €0 | -€2,180 | -100% |
| Gross operating margin | 9900 | €19,222 | €55,170 | +€35,948 | +187% |
| Operating profit (loss) | 9901 | €1,068 | €5,441 | +€4,374 | +410% |
| Financial income | 75/76B | €1,442 | €1 | -€1,441 | -99.9% |
| Recurring financial income | 75 | €1,442 | €1 | -€1,441 | -99.9% |
| Financial charges | 65/66B | €2,248 | €3,329 | +€1,081 | +48.1% |
| Recurring financial charges | 65 | €2,248 | €3,329 | +€1,081 | +48.1% |
| Profit (loss) for the period before taxes | 9903 | €262 | €2,114 | +€1,852 | +708% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €262 | €2,114 | +€1,852 | +708% |
| Profit (loss) for the period to be appropriated | 9905 | €262 | €2,114 | +€1,852 | +708% |
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 17 October 2026 via checked.be.