FORMAREA: 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.
FORMAREA
Largest movements
- Tangible fixed assets +€26,570
new in 2025: €26,570
of which Plant, machinery and equipment: +€16,001
- Receivables within one year +€18,056
up €18,056 (+37.4%), from €48,259 to €66,314
of which Trade receivables: +€32,960
- Deferred charges and accrued income +€11,663
new in 2025: €11,663
- Cash -€3,134
down €3,134 (-11.7%), from €26,730 to €23,596
mainly Investment in fixed assets (net) (-€43,000) and Receivables within one year (-€18,056)
- Profit (loss) carried forward +€26,358
up €26,358 (+88.9%), from €29,663 to €56,021
- Trade debts +€24,527
up €24,527 (+184%), from €13,309 to €37,835
- Tax, wage and social debts +€13,592
up €13,592 (+114%), from €11,878 to €25,470
of which Taxes: +€13,592
- Contributions -€10,860
down €10,860 (-58.4%), from €18,600 to €7,740
- Reserves -€1,540
down €1,540 (-100%), from €1,540 to €0
of which Non-distributable reserves: -€1,540
- Turnover +€96,722
up €96,722 (+355%), from €27,278 to €124,000
- Purchases and services +€58,848
up €58,848 (+452%), from €13,020 to €71,867
- Gross operating margin +€37,526
up €37,526 (+263%), from €14,258 to €51,785
- Depreciation +€16,430
new in 2025: €16,430
- Taxes +€5,702
up €5,702 (+140%), from €4,081 to €9,783
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 | €74,989 | €128,143 | +€53,154 | +70.9% |
| Fixed assets | 21/28 | - | €26,570 | +€26,570 | |
| Tangible fixed assets | 22/27 | - | €26,570 | +€26,570 | |
| Plant, machinery and equipment | 23 | - | €16,001 | +€16,001 | |
| Furniture and vehicles | 24 | - | €10,569 | +€10,569 | |
| Current assets | 29/58 | €74,989 | €101,573 | +€26,585 | +35.5% |
| Amounts receivable within one year | 40/41 | €48,259 | €66,314 | +€18,056 | +37.4% |
| Trade receivables | 40 | €33,354 | €66,314 | +€32,960 | +98.8% |
| Other amounts receivable | 41 | €14,905 | €0 | -€14,905 | -100% |
| Cash at bank and in hand | 54/58 | €26,730 | €23,596 | -€3,134 | -11.7% |
| Deferred charges and accrued income | 490/1 | - | €11,663 | +€11,663 | |
| Total equity and liabilities | 10/49 | €74,989 | €128,143 | +€53,154 | +70.9% |
| Equity | 10/15 | €49,802 | €63,760 | +€13,958 | +28.0% |
| Contributions | 10/11 | €18,600 | €7,740 | -€10,860 | -58.4% |
| Reserves | 13 | €1,540 | €0 | -€1,540 | -100% |
| Non-distributable reserves | 130/1 | €1,540 | €0 | -€1,540 | -100% |
| Reserves not available under the articles | 1311 | €1,540 | €0 | -€1,540 | -100% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €29,663 | €56,021 | +€26,358 | +88.9% |
| Amounts payable | 17/49 | €25,187 | €64,383 | +€39,196 | +156% |
| Amounts payable within one year | 42/48 | €25,187 | €63,306 | +€38,119 | +151% |
| Trade debts | 44 | €13,309 | €37,835 | +€24,527 | +184% |
| Suppliers | 440/4 | €13,309 | €37,835 | +€24,527 | +184% |
| Taxes, remuneration and social security | 45 | €11,878 | €25,470 | +€13,592 | +114% |
| Taxes | 450/3 | €11,878 | €25,470 | +€13,592 | +114% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | - | €1,077 | +€1,077 | |
| Turnover | 70 | €27,278 | €124,000 | +€96,722 | +355% |
| Goods, raw materials, services and sundry goods | 60/61 | €13,020 | €71,867 | +€58,848 | +452% |
| Remuneration, social security and pensions | 62 | - | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €16,430 | +€16,430 | |
| Other operating charges | 640/8 | - | €46 | +€46 | |
| Gross operating margin | 9900 | €14,258 | €51,785 | +€37,526 | +263% |
| Operating profit (loss) | 9901 | €14,258 | €35,059 | +€20,800 | +146% |
| Financial charges | 65/66B | €11 | €392 | +€381 | +3,387% |
| Recurring financial charges | 65 | €11 | €392 | +€381 | +3,387% |
| Profit (loss) for the period before taxes | 9903 | €14,247 | €34,666 | +€20,419 | +143% |
| Income taxes | 67/77 | €4,081 | €9,783 | +€5,702 | +140% |
| Profit (loss) for the period | 9904 | €10,166 | €24,883 | +€14,717 | +145% |
| Profit (loss) for the period to be appropriated | 9905 | €10,166 | €24,883 | +€14,717 | +145% |
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 30 October 2026 via checked.be.