FORMAISON: 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.
FORMAISON
Largest movements
- Receivables within one year +€35,395
up €35,395 (+27.7%), from €127,604 to €163,000
of which Trade receivables: +€33,291
- Deferred charges and accrued income +€27,530
new in 2025: €27,530
- Cash +€4,691
up €4,691 (+14.8%), from €31,717 to €36,407
mainly Net result for the year (+€62,361) and Current portion of long-term debt (+€6,774)
- Profit (loss) carried forward +€37,361
up €37,361 (+35.9%), from €104,076 to €141,437
- Reserves +€25,000
new in 2025: €25,000
- Current portion of long-term debt +€6,774
new in 2025: €6,774
- Gross operating margin -€49,330
down €49,330 (-37.1%), from €132,990 to €83,659
- Taxes -€8,732
down €8,732 (-30.9%), from €28,278 to €19,546
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 | €160,883 | €229,280 | +€68,397 | +42.5% |
| Fixed assets | 21/28 | €1,561 | €2,343 | +€781 | +50.0% |
| Tangible fixed assets | 22/27 | €1,561 | €2,343 | +€781 | +50.0% |
| Furniture and vehicles | 24 | €1,561 | €2,343 | +€781 | +50.0% |
| Current assets | 29/58 | €159,321 | €226,937 | +€67,616 | +42.4% |
| Amounts receivable within one year | 40/41 | €127,604 | €163,000 | +€35,395 | +27.7% |
| Trade receivables | 40 | €105,771 | €139,062 | +€33,291 | +31.5% |
| Other amounts receivable | 41 | €21,833 | €23,938 | +€2,105 | +9.6% |
| Cash at bank and in hand | 54/58 | €31,717 | €36,407 | +€4,691 | +14.8% |
| Deferred charges and accrued income | 490/1 | - | €27,530 | +€27,530 | |
| Total equity and liabilities | 10/49 | €160,883 | €229,280 | +€68,397 | +42.5% |
| Equity | 10/15 | €107,076 | €169,437 | +€62,361 | +58.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €25,000 | +€25,000 | |
| Distributable reserves | 133 | - | €25,000 | +€25,000 | |
| Profit (loss) carried forward | 14 | €104,076 | €141,437 | +€37,361 | +35.9% |
| Amounts payable | 17/49 | €53,807 | €59,843 | +€6,036 | +11.2% |
| Amounts payable within one year | 42/48 | €53,807 | €59,843 | +€6,036 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | - | €6,774 | +€6,774 | |
| Trade debts | 44 | €1,756 | - | -€1,756 | |
| Suppliers | 440/4 | €1,756 | - | -€1,756 | |
| Taxes, remuneration and social security | 45 | €52,051 | €53,069 | +€1,018 | +2.0% |
| Taxes | 450/3 | €52,051 | €53,069 | +€1,018 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37 | €956 | +€919 | +2454.7% |
| Other operating charges | 640/8 | €493 | €103 | -€391 | -79.2% |
| Gross operating margin | 9900 | €132,990 | €83,659 | -€49,330 | -37.1% |
| Operating profit (loss) | 9901 | €132,459 | €82,600 | -€49,858 | -37.6% |
| Financial charges | 65/66B | €105 | €694 | +€589 | +560.9% |
| Recurring financial charges | 65 | €105 | €694 | +€589 | +560.9% |
| Profit (loss) for the period before taxes | 9903 | €132,354 | €81,907 | -€50,447 | -38.1% |
| Income taxes | 67/77 | €28,278 | €19,546 | -€8,732 | -30.9% |
| Profit (loss) for the period | 9904 | €104,076 | €62,361 | -€41,715 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €104,076 | €62,361 | -€41,715 | -40.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.