Formarin: 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.
Formarin
Largest movements
- Tangible fixed assets -€36,604
down €36,604 (-4.2%), from €870,785 to €834,180
of which Land and buildings: -€29,381
- Cash +€14,885
up €14,885 (+9.8%), from €152,574 to €167,460
mainly Depreciation (+€43,649) and Net result for the year (+€20,160)
- Debts after one year -€44,189
down €44,189 (-5.6%), from €783,592 to €739,403
- Reserves +€20,160
up €20,160 (+15.4%), from €131,087 to €151,248
of which Distributable reserves: +€20,160
- Gross operating margin -€12,588
down €12,588 (-12.2%), from €102,891 to €90,302
- Taxes +€4,753
new in 2025: €4,753
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 | €1,060,535 | €1,035,874 | -€24,661 | -2.3% |
| Fixed assets | 21/28 | €884,785 | €848,180 | -€36,604 | -4.1% |
| Tangible fixed assets | 22/27 | €870,785 | €834,180 | -€36,604 | -4.2% |
| Land and buildings | 22 | €838,640 | €809,259 | -€29,381 | -3.5% |
| Plant, machinery and equipment | 23 | €11,792 | €12,434 | +€642 | +5.4% |
| Furniture and vehicles | 24 | €7,026 | €8,079 | +€1,053 | +15.0% |
| Leasing and similar rights | 25 | €13,326 | €4,409 | -€8,918 | -66.9% |
| Financial fixed assets | 28 | €14,000 | €14,000 | = | 0.0% |
| Current assets | 29/58 | €175,750 | €187,694 | +€11,943 | +6.8% |
| Amounts receivable within one year | 40/41 | €16,620 | €14,343 | -€2,278 | -13.7% |
| Trade receivables | 40 | €16,303 | €11,278 | -€5,025 | -30.8% |
| Other amounts receivable | 41 | €318 | €3,065 | +€2,747 | +864.9% |
| Cash at bank and in hand | 54/58 | €152,574 | €167,460 | +€14,885 | +9.8% |
| Deferred charges and accrued income | 490/1 | €6,556 | €5,892 | -€664 | -10.1% |
| Total equity and liabilities | 10/49 | €1,060,535 | €1,035,874 | -€24,661 | -2.3% |
| Equity | 10/15 | €211,087 | €231,248 | +€20,160 | +9.6% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Capital | 10 | €80,000 | €80,000 | = | 0.0% |
| Issued capital | 100 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €131,087 | €151,248 | +€20,160 | +15.4% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Legal reserve | 130 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €123,087 | €143,248 | +€20,160 | +16.4% |
| Amounts payable | 17/49 | €849,448 | €804,627 | -€44,821 | -5.3% |
| Amounts payable after more than one year | 17 | €783,592 | €739,403 | -€44,189 | -5.6% |
| Financial debts | 170/4 | €783,592 | €739,403 | -€44,189 | -5.6% |
| Amounts payable within one year | 42/48 | €65,251 | €64,668 | -€583 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €50,869 | €47,537 | -€3,332 | -6.5% |
| Trade debts | 44 | €6,736 | €9,742 | +€3,006 | +44.6% |
| Suppliers | 440/4 | €6,736 | €9,742 | +€3,006 | +44.6% |
| Taxes, remuneration and social security | 45 | €4,576 | €4,346 | -€230 | -5.0% |
| Taxes | 450/3 | €4,576 | €4,346 | -€230 | -5.0% |
| Other amounts payable | 47/48 | €3,070 | €3,043 | -€27 | -0.9% |
| Accrued charges and deferred income | 492/3 | €605 | €556 | -€49 | -8.1% |
| Non-recurring operating income | 76A | €348 | - | -€348 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,618 | €43,649 | -€969 | -2.2% |
| Other operating charges | 640/8 | €13,456 | €12,565 | -€891 | -6.6% |
| Gross operating margin | 9900 | €102,891 | €90,302 | -€12,588 | -12.2% |
| Operating profit (loss) | 9901 | €44,816 | €34,088 | -€10,729 | -23.9% |
| Financial income | 75/76B | €1,188 | €1,530 | +€342 | +28.8% |
| Recurring financial income | 75 | €1,188 | €1,530 | +€342 | +28.8% |
| Financial charges | 65/66B | €11,197 | €10,704 | -€492 | -4.4% |
| Recurring financial charges | 65 | €11,197 | €10,704 | -€492 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €34,808 | €24,913 | -€9,894 | -28.4% |
| Income taxes | 67/77 | - | €4,753 | +€4,753 | |
| Profit (loss) for the period | 9904 | €34,808 | €20,160 | -€14,647 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €34,808 | €20,160 | -€14,647 | -42.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.