FORMALIA: 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.
FORMALIA
Largest movements
- Cash +€38,814
up €38,814 (+18.2%), from €212,974 to €251,788
mainly Trade debts (+€74,577) and Depreciation (+€18,230)
- Intangible fixed assets +€25,830
up €25,830 (+62.3%), from €41,480 to €67,309
- Receivables within one year +€21,415
up €21,415 (+16.4%), from €130,719 to €152,134
of which Trade receivables: +€19,848
- Trade debts +€74,577
up €74,577 (+112.7%), from €66,160 to €140,738
- Gross operating margin +€30,273
up €30,273 (+85.8%), from €35,270 to €65,543
- Depreciation +€5,662
up €5,662 (+45.0%), from €12,568 to €18,230
- Write-downs +€4,150
new in 2025: €4,150
- Staff costs +€2,446
up €2,446 (+6.7%), from €36,765 to €39,211
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 | €400,345 | €480,861 | +€80,516 | +20.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €52,106 | €75,975 | +€23,869 | +45.8% |
| Intangible fixed assets | 21 | €41,480 | €67,309 | +€25,830 | +62.3% |
| Tangible fixed assets | 22/27 | €7,684 | €5,724 | -€1,961 | -25.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €2,154 | €1,440 | -€714 | -33.1% |
| Other tangible fixed assets | 26 | €5,530 | €4,284 | -€1,247 | -22.5% |
| Financial fixed assets | 28 | €2,942 | €2,942 | = | 0.0% |
| Current assets | 29/58 | €348,239 | €404,885 | +€56,647 | +16.3% |
| Stocks and contracts in progress | 3 | €2,732 | €0 | -€2,732 | -100.0% |
| Stocks | 30/36 | €2,732 | €0 | -€2,732 | -100.0% |
| Amounts receivable within one year | 40/41 | €130,719 | €152,134 | +€21,415 | +16.4% |
| Trade receivables | 40 | €125,518 | €145,365 | +€19,848 | +15.8% |
| Other amounts receivable | 41 | €5,201 | €6,769 | +€1,567 | +30.1% |
| Cash at bank and in hand | 54/58 | €212,974 | €251,788 | +€38,814 | +18.2% |
| Deferred charges and accrued income | 490/1 | €1,814 | €963 | -€850 | -46.9% |
| Total equity and liabilities | 10/49 | €400,345 | €480,861 | +€80,516 | +20.1% |
| Equity | 10/15 | €326,781 | €329,447 | +€2,666 | +0.8% |
| Contributions | 10/11 | €104,600 | €104,600 | = | 0.0% |
| Reserves | 13 | €218,664 | €218,664 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €210,664 | €210,664 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,518 | €6,183 | +€2,666 | +75.8% |
| Amounts payable | 17/49 | €73,564 | €151,414 | +€77,850 | +105.8% |
| Amounts payable within one year | 42/48 | €73,564 | €151,414 | +€77,850 | +105.8% |
| Trade debts | 44 | €66,160 | €140,738 | +€74,577 | +112.7% |
| Suppliers | 440/4 | €66,160 | €140,738 | +€74,577 | +112.7% |
| Taxes, remuneration and social security | 45 | €5,828 | €9,072 | +€3,245 | +55.7% |
| Taxes | 450/3 | €155 | €3,291 | +€3,136 | +2019.4% |
| Remuneration and social security | 454/9 | €5,673 | €5,781 | +€109 | +1.9% |
| Other amounts payable | 47/48 | €1,576 | €1,604 | +€28 | +1.8% |
| Accrued charges and deferred income | 492/3 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €36,765 | €39,211 | +€2,446 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,568 | €18,230 | +€5,662 | +45.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,150 | +€4,150 | |
| Other operating charges | 640/8 | €387 | €414 | +€27 | +6.9% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €35,270 | €65,543 | +€30,273 | +85.8% |
| Operating profit (loss) | 9901 | -€14,450 | €3,538 | +€17,989 | |
| Financial income | 75/76B | €448 | €0 | -€448 | -100.0% |
| Recurring financial income | 75 | €448 | €0 | -€448 | -100.0% |
| Financial charges | 65/66B | €819 | €597 | -€222 | -27.1% |
| Recurring financial charges | 65 | €819 | €597 | -€222 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,821 | €2,941 | +€17,762 | |
| Income taxes | 67/77 | €86 | €275 | +€190 | +221.0% |
| Profit (loss) for the period | 9904 | -€14,907 | €2,666 | +€17,573 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,907 | €2,666 | +€17,573 |
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 4 October 2026 via checked.be.