FORMACONDUITE: 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.
FORMACONDUITE
Largest movements
- Tangible fixed assets +€179,052
up €179,052 (+207.6%), from €86,247 to €265,299
of which Land and buildings: +€189,127
- Cash -€24,371
down €24,371 (-91.0%), from €26,771 to €2,400
mainly Investment in fixed assets (net) (-€194,049) and Other debts (-€14,383)
- Debts after one year +€158,296
up €158,296 (+293.5%), from €53,933 to €212,229
of which Financial debts: +€108,625
- Other debts -€14,383
down €14,383 (-85.2%), from €16,883 to €2,500
- Current portion of long-term debt +€6,600
up €6,600 (+150.0%), from €4,399 to €10,999
- Reserves +€3,399
up €3,399 (+13.7%), from €24,792 to €28,191
of which Distributable reserves: +€3,399
- Gross operating margin -€6,374
down €6,374 (-16.9%), from €37,642 to €31,268
- Depreciation +€4,876
up €4,876 (+48.2%), from €10,120 to €14,996
- Taxes -€3,049
down €3,049 (-37.5%), from €8,128 to €5,079
- Financial charges +€2,190
up €2,190 (+192.2%), from €1,140 to €3,330
- Other operating charges +€578
up €578 (+42.2%), from €1,371 to €1,949
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 | €121,216 | €278,822 | +€157,607 | +130.0% |
| Fixed assets | 21/28 | €86,247 | €265,299 | +€179,052 | +207.6% |
| Tangible fixed assets | 22/27 | €86,247 | €265,299 | +€179,052 | +207.6% |
| Land and buildings | 22 | €65,000 | €254,127 | +€189,127 | +291.0% |
| Plant, machinery and equipment | 23 | €2,390 | €1,559 | -€830 | -34.7% |
| Furniture and vehicles | 24 | €17,405 | €8,497 | -€8,908 | -51.2% |
| Other tangible fixed assets | 26 | €1,452 | €1,116 | -€336 | -23.2% |
| Current assets | 29/58 | €34,968 | €13,523 | -€21,445 | -61.3% |
| Stocks and contracts in progress | 3 | €279 | €295 | +€16 | +5.7% |
| Stocks | 30/36 | €279 | €295 | +€16 | +5.7% |
| Amounts receivable within one year | 40/41 | €5,218 | €7,790 | +€2,572 | +49.3% |
| Trade receivables | 40 | €4,480 | €4,101 | -€379 | -8.5% |
| Other amounts receivable | 41 | €738 | €3,689 | +€2,950 | +399.6% |
| Cash at bank and in hand | 54/58 | €26,771 | €2,400 | -€24,371 | -91.0% |
| Deferred charges and accrued income | 490/1 | €2,700 | €3,038 | +€337 | +12.5% |
| Total equity and liabilities | 10/49 | €121,216 | €278,822 | +€157,607 | +130.0% |
| Equity | 10/15 | €43,392 | €46,791 | +€3,399 | +7.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,792 | €28,191 | +€3,399 | +13.7% |
| Non-distributable reserves | 130/1 | €1,306 | €1,306 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,306 | €1,306 | = | 0.0% |
| Distributable reserves | 133 | €23,486 | €26,886 | +€3,399 | +14.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,824 | €232,031 | +€154,207 | +198.2% |
| Amounts payable after more than one year | 17 | €53,933 | €212,229 | +€158,296 | +293.5% |
| Financial debts | 170/4 | €51,963 | €160,588 | +€108,625 | +209.0% |
| Other amounts payable | 178/9 | €1,970 | €51,641 | +€49,671 | +2521.8% |
| Amounts payable within one year | 42/48 | €23,891 | €19,147 | -€4,743 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €4,399 | €10,999 | +€6,600 | +150.0% |
| Trade debts | 44 | €1,575 | €3,169 | +€1,594 | +101.2% |
| Suppliers | 440/4 | €1,575 | €3,169 | +€1,594 | +101.2% |
| Taxes, remuneration and social security | 45 | €1,033 | €2,480 | +€1,446 | +140.0% |
| Taxes | 450/3 | €1,033 | €2,480 | +€1,446 | +140.0% |
| Other amounts payable | 47/48 | €16,883 | €2,500 | -€14,383 | -85.2% |
| Accrued charges and deferred income | 492/3 | €0 | €655 | +€655 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,120 | €14,996 | +€4,876 | +48.2% |
| Other operating charges | 640/8 | €1,371 | €1,949 | +€578 | +42.2% |
| Gross operating margin | 9900 | €37,642 | €31,268 | -€6,374 | -16.9% |
| Operating profit (loss) | 9901 | €26,151 | €14,322 | -€11,829 | -45.2% |
| Financial income | 75/76B | - | €76 | +€76 | |
| Recurring financial income | 75 | - | €76 | +€76 | |
| Financial charges | 65/66B | €1,140 | €3,330 | +€2,190 | +192.2% |
| Recurring financial charges | 65 | €1,140 | €3,330 | +€2,190 | +192.2% |
| Profit (loss) for the period before taxes | 9903 | €25,011 | €11,068 | -€13,943 | -55.7% |
| Income taxes | 67/77 | €8,128 | €5,079 | -€3,049 | -37.5% |
| Profit (loss) for the period | 9904 | €16,883 | €5,989 | -€10,894 | -64.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,883 | €5,989 | -€10,894 | -64.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.