FORMACOMED: 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.
FORMACOMED
Largest movements
- Cash -€82,022
down €82,022 (-76.8%), from €106,862 to €24,840
mainly Other debts (-€126,108) and Contributions, distributions and other (-€17,977)
- Receivables within one year -€43,918
down €43,918 (-98.0%), from €44,835 to €917
of which Other amounts receivable: -€25,440
- Deferred charges and accrued income +€5,619
up €5,619 (+88.5%), from €6,348 to €11,967
- Other debts -€126,108
down €126,108 (-96.1%), from €131,204 to €5,096
- Tax, wage and social debts +€5,373
up €5,373 (+83.8%), from €6,414 to €11,787
of which Taxes: +€7,117
- Gross operating margin -€139,697
down €139,697 (-83.4%), from €167,477 to €27,780
- Taxes -€28,053
down €28,053 (-75.3%), from €37,247 to €9,194
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.
Cash bridge derived
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 | €158,063 | €37,724 | -€120,339 | -76.1% |
| Fixed assets | 21/28 | €18 | - | -€18 | |
| Tangible fixed assets | 22/27 | €18 | - | -€18 | |
| Furniture and vehicles | 24 | €18 | - | -€18 | |
| Current assets | 29/58 | €158,046 | €37,724 | -€120,321 | -76.1% |
| Amounts receivable within one year | 40/41 | €44,835 | €917 | -€43,918 | -98.0% |
| Trade receivables | 40 | €18,478 | - | -€18,478 | |
| Other amounts receivable | 41 | €26,357 | €917 | -€25,440 | -96.5% |
| Cash at bank and in hand | 54/58 | €106,862 | €24,840 | -€82,022 | -76.8% |
| Deferred charges and accrued income | 490/1 | €6,348 | €11,967 | +€5,619 | +88.5% |
| Total equity and liabilities | 10/49 | €158,063 | €37,724 | -€120,339 | -76.1% |
| Equity | 10/15 | €19,856 | €19,856 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,256 | €1,256 | = | 0.0% |
| Distributable reserves | 133 | €1,256 | €1,256 | = | 0.0% |
| Amounts payable | 17/49 | €138,207 | €17,868 | -€120,339 | -87.1% |
| Amounts payable within one year | 42/48 | €138,207 | €17,868 | -€120,339 | -87.1% |
| Trade debts | 44 | €588 | €984 | +€396 | +67.4% |
| Suppliers | 440/4 | €588 | €984 | +€396 | +67.4% |
| Taxes, remuneration and social security | 45 | €6,414 | €11,787 | +€5,373 | +83.8% |
| Taxes | 450/3 | €4,671 | €11,787 | +€7,117 | +152.4% |
| Remuneration and social security | 454/9 | €1,743 | - | -€1,743 | |
| Other amounts payable | 47/48 | €131,204 | €5,096 | -€126,108 | -96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260 | €18 | -€243 | -93.3% |
| Other operating charges | 640/8 | €664 | €543 | -€120 | -18.1% |
| Gross operating margin | 9900 | €167,477 | €27,780 | -€139,697 | -83.4% |
| Operating profit (loss) | 9901 | €166,553 | €27,219 | -€139,334 | -83.7% |
| Financial charges | 65/66B | €37 | €48 | +€10 | +27.3% |
| Recurring financial charges | 65 | €37 | €48 | +€10 | +27.3% |
| Profit (loss) for the period before taxes | 9903 | €166,516 | €27,171 | -€139,344 | -83.7% |
| Income taxes | 67/77 | €37,247 | €9,194 | -€28,053 | -75.3% |
| Profit (loss) for the period | 9904 | €129,269 | €17,977 | -€111,292 | -86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €129,269 | €17,977 | -€111,292 | -86.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.