Formando: 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.
Formando
Largest movements
- Receivables within one year -€6,290
down €6,290 (-8.2%), from €76,584 to €70,294
of which Trade receivables: -€5,819
- Debts after one year -€18,166
down €18,166 (-6.0%), from €301,654 to €283,489
of which Financial debts: -€21,466
- Accrued charges and deferred income -€10,000
no longer reported in 2025 (was €10,000)
- Tax, wage and social debts +€8,131
up €8,131 (+23.9%), from €34,031 to €42,162
of which Remuneration and social security: +€14,851
- Reserves +€6,646
up €6,646 (+9.0%), from €74,006 to €80,652
- Gross operating margin +€47,539
up €47,539 (+25.7%), from €184,680 to €232,220
- Staff costs +€36,053
up €36,053 (+31.3%), from €115,006 to €151,059
- Depreciation +€10,311
up €10,311 (+24.8%), from €41,528 to €51,839
- Financial charges +€3,022
up €3,022 (+21.3%), from €14,174 to €17,197
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.
Derived cash bridge
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 | €592,126 | €586,057 | -€6,068 | -1.0% |
| Fixed assets | 21/28 | €439,306 | €437,106 | -€2,200 | -0.5% |
| Intangible fixed assets | 21 | €5,092 | €7,391 | +€2,298 | +45.1% |
| Tangible fixed assets | 22/27 | €434,214 | €429,715 | -€4,498 | -1.0% |
| Land and buildings | 22 | €369,527 | €364,681 | -€4,846 | -1.3% |
| Plant, machinery and equipment | 23 | €60,258 | €55,424 | -€4,833 | -8.0% |
| Furniture and vehicles | 24 | €4,215 | €9,610 | +€5,394 | +128% |
| Other tangible fixed assets | 26 | €214 | - | -€214 | |
| Current assets | 29/58 | €152,819 | €148,951 | -€3,868 | -2.5% |
| Stocks and contracts in progress | 3 | €16,633 | €19,207 | +€2,574 | +15.5% |
| Stocks | 30/36 | €16,633 | €19,207 | +€2,574 | +15.5% |
| Amounts receivable within one year | 40/41 | €76,584 | €70,294 | -€6,290 | -8.2% |
| Trade receivables | 40 | €74,013 | €68,194 | -€5,819 | -7.9% |
| Other amounts receivable | 41 | €2,572 | €2,100 | -€472 | -18.3% |
| Cash at bank and in hand | 54/58 | €58,040 | €57,714 | -€326 | -0.6% |
| Deferred charges and accrued income | 490/1 | €1,562 | €1,736 | +€174 | +11.1% |
| Total equity and liabilities | 10/49 | €592,126 | €586,057 | -€6,068 | -1.0% |
| Equity | 10/15 | €113,006 | €119,652 | +€6,646 | +5.9% |
| Contributions | 10/11 | €39,000 | €39,000 | = | 0.0% |
| Reserves | 13 | €74,006 | €80,652 | +€6,646 | +9.0% |
| Distributable reserves | 133 | €74,006 | €80,652 | +€6,646 | +9.0% |
| Amounts payable | 17/49 | €479,119 | €466,405 | -€12,714 | -2.7% |
| Amounts payable after more than one year | 17 | €301,654 | €283,489 | -€18,166 | -6.0% |
| Financial debts | 170/4 | €301,654 | €280,189 | -€21,466 | -7.1% |
| Other amounts payable | 178/9 | - | €3,300 | +€3,300 | |
| Amounts payable within one year | 42/48 | €167,465 | €182,916 | +€15,452 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €20,845 | €21,466 | +€620 | +3.0% |
| Trade debts | 44 | €9,947 | €14,828 | +€4,881 | +49.1% |
| Suppliers | 440/4 | €9,947 | €14,828 | +€4,881 | +49.1% |
| Taxes, remuneration and social security | 45 | €34,031 | €42,162 | +€8,131 | +23.9% |
| Taxes | 450/3 | €18,734 | €12,014 | -€6,720 | -35.9% |
| Remuneration and social security | 454/9 | €15,297 | €30,148 | +€14,851 | +97.1% |
| Other amounts payable | 47/48 | €102,641 | €104,461 | +€1,819 | +1.8% |
| Accrued charges and deferred income | 492/3 | €10,000 | - | -€10,000 | |
| Remuneration, social security and pensions | 62 | €115,006 | €151,059 | +€36,053 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,528 | €51,839 | +€10,311 | +24.8% |
| Other operating charges | 640/8 | €2,854 | €3,555 | +€700 | +24.5% |
| Gross operating margin | 9900 | €184,680 | €232,220 | +€47,539 | +25.7% |
| Operating profit (loss) | 9901 | €25,292 | €25,767 | +€476 | +1.9% |
| Financial income | 75/76B | €23 | €348 | +€325 | +1,445% |
| Recurring financial income | 75 | €23 | €348 | +€325 | +1,445% |
| Financial charges | 65/66B | €14,174 | €17,197 | +€3,022 | +21.3% |
| Recurring financial charges | 65 | €14,174 | €17,197 | +€3,022 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | €11,140 | €8,919 | -€2,221 | -19.9% |
| Income taxes | 67/77 | €2,743 | €2,273 | -€470 | -17.1% |
| Profit (loss) for the period | 9904 | €8,397 | €6,646 | -€1,751 | -20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,397 | €6,646 | -€1,751 | -20.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.