FORMAC CONSULT: 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.
FORMAC CONSULT
Largest movements
- Current investments +€230,000
up €230,000 (+62.2%), from €370,000 to €600,000
- Receivables after one year -€146,309
no longer reported in 2025 (was €146,309)
- Cash -€98,725
down €98,725 (-71.2%), from €138,692 to €39,967
mainly Current investments (-€230,000) and Contributions, distributions and other (-€76,044)
- Tangible fixed assets -€21,188
down €21,188 (-32.1%), from €66,084 to €44,896
of which Land and buildings: -€17,555
- Other debts -€17,661
down €17,661 (-11.2%), from €157,190 to €139,529
- Debts after one year -€15,512
down €15,512 (-11.7%), from €132,490 to €116,978
of which Financial debts: -€15,512
- Tax, wage and social debts -€10,320
down €10,320 (-49.7%), from €20,772 to €10,452
of which Taxes: -€5,869
- Gross operating margin +€11,262
up €11,262 (+8.0%), from €141,043 to €152,305
- Depreciation -€3,332
down €3,332 (-13.6%), from €24,520 to €21,188
- Staff costs -€1,979
down €1,979 (-6.5%), from €30,371 to €28,392
- Financial income -€1,973
down €1,973 (-10.6%), from €18,636 to €16,663
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 | €768,396 | €724,662 | -€43,734 | -5.7% |
| Fixed assets | 21/28 | €66,084 | €44,896 | -€21,188 | -32.1% |
| Tangible fixed assets | 22/27 | €66,084 | €44,896 | -€21,188 | -32.1% |
| Land and buildings | 22 | €62,163 | €44,608 | -€17,555 | -28.2% |
| Plant, machinery and equipment | 23 | €3,921 | €288 | -€3,633 | -92.7% |
| Current assets | 29/58 | €702,312 | €679,766 | -€22,546 | -3.2% |
| Amounts receivable after more than one year | 29 | €146,309 | - | -€146,309 | |
| Other amounts receivable | 291 | €146,309 | - | -€146,309 | |
| Amounts receivable within one year | 40/41 | €47,311 | €39,799 | -€7,512 | -15.9% |
| Trade receivables | 40 | €47,311 | €39,391 | -€7,920 | -16.7% |
| Other amounts receivable | 41 | - | €408 | +€408 | |
| Current investments | 50/53 | €370,000 | €600,000 | +€230,000 | +62.2% |
| Cash at bank and in hand | 54/58 | €138,692 | €39,967 | -€98,725 | -71.2% |
| Total equity and liabilities | 10/49 | €768,396 | €724,662 | -€43,734 | -5.7% |
| Equity | 10/15 | €440,586 | €442,191 | +€1,605 | +0.4% |
| Contributions | 10/11 | €165,000 | €165,000 | = | 0.0% |
| Capital | 10 | €165,000 | €165,000 | = | 0.0% |
| Issued capital | 100 | €165,000 | €165,000 | = | 0.0% |
| Reserves | 13 | €272,455 | €275,104 | +€2,649 | +1.0% |
| Non-distributable reserves | 130/1 | €16,500 | €16,500 | = | 0.0% |
| Legal reserve | 130 | €16,500 | €16,500 | = | 0.0% |
| Distributable reserves | 133 | €255,955 | €258,604 | +€2,649 | +1.0% |
| Investment grants | 15 | €3,131 | €2,087 | -€1,044 | -33.3% |
| Amounts payable | 17/49 | €327,810 | €282,471 | -€45,339 | -13.8% |
| Amounts payable after more than one year | 17 | €132,490 | €116,978 | -€15,512 | -11.7% |
| Financial debts | 170/4 | €32,490 | €16,978 | -€15,512 | -47.7% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €195,320 | €165,493 | -€29,827 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €15,358 | €15,512 | +€154 | +1.0% |
| Trade debts | 44 | €2,000 | - | -€2,000 | |
| Suppliers | 440/4 | €2,000 | - | -€2,000 | |
| Taxes, remuneration and social security | 45 | €20,772 | €10,452 | -€10,320 | -49.7% |
| Taxes | 450/3 | €16,321 | €10,452 | -€5,869 | -36.0% |
| Remuneration and social security | 454/9 | €4,451 | - | -€4,451 | |
| Other amounts payable | 47/48 | €157,190 | €139,529 | -€17,661 | -11.2% |
| Remuneration, social security and pensions | 62 | €30,371 | €28,392 | -€1,979 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,520 | €21,188 | -€3,332 | -13.6% |
| Other operating charges | 640/8 | €3,571 | €3,680 | +€109 | +3.1% |
| Gross operating margin | 9900 | €141,043 | €152,305 | +€11,262 | +8.0% |
| Operating profit (loss) | 9901 | €82,581 | €99,045 | +€16,464 | +19.9% |
| Financial income | 75/76B | €18,636 | €16,663 | -€1,973 | -10.6% |
| Recurring financial income | 75 | €18,636 | €16,663 | -€1,973 | -10.6% |
| Financial charges | 65/66B | €12,163 | €11,883 | -€280 | -2.3% |
| Recurring financial charges | 65 | €12,163 | €11,883 | -€280 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €89,054 | €103,825 | +€14,771 | +16.6% |
| Income taxes | 67/77 | €25,322 | €26,176 | +€854 | +3.4% |
| Profit (loss) for the period | 9904 | €63,732 | €77,649 | +€13,917 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,732 | €77,649 | +€13,917 | +21.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.