FORMATIO: 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.
FORMATIO
Largest movements
- Receivables within one year +€76,393
up €76,393 (+6.1%), from €1.3m to €1.3m
of which Other amounts receivable: +€228,473
- Cash -€30,487
down €30,487 (-15.7%), from €193,931 to €163,443
mainly Trade debts (-€101,196) and Receivables within one year (-€76,393)
- Profit (loss) carried forward +€147,101
up €147,101 (+6.4%), from -€2.3m to -€2.2m
- Trade debts -€101,196
down €101,196 (-14.6%), from €693,579 to €592,383
- Gross operating margin -€42,315
down €42,315 (-22.3%), from €189,797 to €147,482
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,449,728 | €1,495,633 | +€45,905 | +3.2% |
| Fixed assets | 21/28 | €750 | €750 | = | 0.0% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €1,448,978 | €1,494,883 | +€45,905 | +3.2% |
| Amounts receivable within one year | 40/41 | €1,255,047 | €1,331,439 | +€76,393 | +6.1% |
| Trade receivables | 40 | €152,080 | €0 | -€152,080 | -100.0% |
| Other amounts receivable | 41 | €1,102,966 | €1,331,439 | +€228,473 | +20.7% |
| Cash at bank and in hand | 54/58 | €193,931 | €163,443 | -€30,487 | -15.7% |
| Total equity and liabilities | 10/49 | €1,449,728 | €1,495,633 | +€45,905 | +3.2% |
| Equity | 10/15 | €756,148 | €903,250 | +€147,101 | +19.5% |
| Contributions | 10/11 | €2,900,000 | €2,900,000 | = | 0.0% |
| Capital | 10 | €2,900,000 | €2,900,000 | = | 0.0% |
| Issued capital | 100 | €2,900,000 | €2,900,000 | = | 0.0% |
| Reserves | 13 | €161,156 | €161,156 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,161 | €3,161 | = | 0.0% |
| Legal reserve | 130 | €3,161 | €3,161 | = | 0.0% |
| Tax-exempt reserves | 132 | €81,454 | €81,454 | = | 0.0% |
| Distributable reserves | 133 | €76,541 | €76,541 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,305,008 | -€2,157,906 | +€147,101 | +6.4% |
| Amounts payable | 17/49 | €693,579 | €592,383 | -€101,196 | -14.6% |
| Amounts payable within one year | 42/48 | €693,579 | €592,383 | -€101,196 | -14.6% |
| Trade debts | 44 | €693,579 | €592,383 | -€101,196 | -14.6% |
| Suppliers | 440/4 | €693,579 | €592,383 | -€101,196 | -14.6% |
| Other operating charges | 640/8 | €384 | €0 | -€384 | -100.0% |
| Gross operating margin | 9900 | €189,797 | €147,482 | -€42,315 | -22.3% |
| Operating profit (loss) | 9901 | €189,412 | €147,482 | -€41,931 | -22.1% |
| Financial charges | 65/66B | €1,058 | €380 | -€678 | -64.1% |
| Recurring financial charges | 65 | €1,058 | €380 | -€678 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | €188,354 | €147,101 | -€41,253 | -21.9% |
| Profit (loss) for the period | 9904 | €188,354 | €147,101 | -€41,253 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | €188,354 | €147,101 | -€41,253 | -21.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.