FORMAGEST: 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.
FORMAGEST
Largest movements
- Receivables within one year +€170,000
new in 2025: €170,000
- Tangible fixed assets -€27,155
no longer reported in 2025 (was €27,155)
- Cash -€5,732
down €5,732 (-45.7%), from €12,533 to €6,802
mainly Receivables within one year (-€170,000) and Deferred charges and accrued income (-€3,160)
- Deferred charges and accrued income +€3,160
new in 2025: €3,160
- Profit (loss) carried forward +€120,059
up €120,059 (+73.0%), from -€164,483 to -€44,424
- Trade debts +€10,651
up €10,651 (+510.0%), from €2,088 to €12,739
- Other debts +€9,281
up €9,281 (+5.1%), from €180,523 to €189,803
- Gross operating margin +€116,511
up €116,511 (+2103.5%), from €5,539 to €122,050
- Depreciation -€2,114
no longer reported in 2025 (was €2,114)
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 | €39,688 | €179,961 | +€140,273 | +353.4% |
| Fixed assets | 21/28 | €27,155 | - | -€27,155 | |
| Tangible fixed assets | 22/27 | €27,155 | - | -€27,155 | |
| Land and buildings | 22 | €27,155 | - | -€27,155 | |
| Current assets | 29/58 | €12,533 | €179,961 | +€167,428 | +1335.9% |
| Amounts receivable within one year | 40/41 | - | €170,000 | +€170,000 | |
| Trade receivables | 40 | - | €170,000 | +€170,000 | |
| Cash at bank and in hand | 54/58 | €12,533 | €6,802 | -€5,732 | -45.7% |
| Deferred charges and accrued income | 490/1 | - | €3,160 | +€3,160 | |
| Total equity and liabilities | 10/49 | €39,688 | €179,961 | +€140,273 | +353.4% |
| Equity | 10/15 | -€144,032 | -€23,973 | +€120,059 | +83.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€164,483 | -€44,424 | +€120,059 | +73.0% |
| Amounts payable | 17/49 | €183,720 | €203,934 | +€20,214 | +11.0% |
| Amounts payable within one year | 42/48 | €182,611 | €202,543 | +€19,932 | +10.9% |
| Trade debts | 44 | €2,088 | €12,739 | +€10,651 | +510.0% |
| Suppliers | 440/4 | €2,088 | €12,739 | +€10,651 | +510.0% |
| Other amounts payable | 47/48 | €180,523 | €189,803 | +€9,281 | +5.1% |
| Accrued charges and deferred income | 492/3 | €1,109 | €1,391 | +€282 | +25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,114 | - | -€2,114 | |
| Other operating charges | 640/8 | €1,465 | €1,508 | +€43 | +2.9% |
| Gross operating margin | 9900 | €5,539 | €122,050 | +€116,511 | +2103.5% |
| Operating profit (loss) | 9901 | €1,959 | €120,542 | +€118,583 | +6052.6% |
| Financial income | 75/76B | €185 | - | -€185 | |
| Recurring financial income | 75 | €185 | - | -€185 | |
| Financial charges | 65/66B | €533 | €483 | -€51 | -9.5% |
| Recurring financial charges | 65 | €533 | €483 | -€51 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €1,610 | €120,059 | +€118,449 | +7355.3% |
| Profit (loss) for the period | 9904 | €1,610 | €120,059 | +€118,449 | +7355.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,610 | €120,059 | +€118,449 | +7355.3% |
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 1 October 2026 via checked.be.