FORMATIONS REPERE: 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.
FORMATIONS REPERE
Largest movements
- Receivables within one year -€47,970
down €47,970 (-17.8%), from €270,149 to €222,178
of which Other amounts receivable: -€27,520
- Cash +€18,026
up €18,026 (+112.7%), from €15,990 to €34,015
mainly Receivables within one year (+€47,970) and Tax, wage and social debts (+€47,916)
- Deferred charges and accrued income -€7,347
down €7,347 (-100.0%), from €7,347 to €0
- Intangible fixed assets -€5,364
down €5,364 (-27.7%), from €19,386 to €14,022
- Tax, wage and social debts +€47,916
up €47,916 (+119.1%), from €40,231 to €88,147
of which Remuneration and social security: +€31,591
- Profit (loss) carried forward -€44,930
down €44,930 (-44.2%), from €101,642 to €56,712
- Trade debts -€39,552
down €39,552 (-56.4%), from €70,100 to €30,547
- Short-term financial debts -€16,351
down €16,351 (-17.9%), from €91,351 to €75,000
- Current portion of long-term debt +€8,823
new in 2025: €8,823
- Gross operating margin +€84,819
up €84,819 (+82.0%), from €103,475 to €188,294
- Staff costs +€64,417
up €64,417 (+79.6%), from €80,962 to €145,379
- Turnover +€50,325
up €50,325 (+8.1%), from €624,205 to €674,530
- Purchases and services -€16,675
down €16,675 (-3.2%), from €522,190 to €505,515
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 | €322,864 | €277,829 | -€45,034 | -13.9% |
| Fixed assets | 21/28 | €29,378 | €21,636 | -€7,743 | -26.4% |
| Intangible fixed assets | 21 | €19,386 | €14,022 | -€5,364 | -27.7% |
| Tangible fixed assets | 22/27 | €8,814 | €6,435 | -€2,378 | -27.0% |
| Plant, machinery and equipment | 23 | €877 | €646 | -€231 | -26.3% |
| Furniture and vehicles | 24 | €3,457 | €2,565 | -€892 | -25.8% |
| Other tangible fixed assets | 26 | €4,479 | €3,224 | -€1,256 | -28.0% |
| Financial fixed assets | 28 | €1,179 | €1,179 | = | 0.0% |
| Current assets | 29/58 | €293,485 | €256,194 | -€37,292 | -12.7% |
| Amounts receivable within one year | 40/41 | €270,149 | €222,178 | -€47,970 | -17.8% |
| Trade receivables | 40 | €122,385 | €101,934 | -€20,450 | -16.7% |
| Other amounts receivable | 41 | €147,764 | €120,244 | -€27,520 | -18.6% |
| Cash at bank and in hand | 54/58 | €15,990 | €34,015 | +€18,026 | +112.7% |
| Deferred charges and accrued income | 490/1 | €7,347 | €0 | -€7,347 | -100.0% |
| Total equity and liabilities | 10/49 | €322,864 | €277,829 | -€45,034 | -13.9% |
| Equity | 10/15 | €121,182 | €75,312 | -€45,870 | -37.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €940 | - | -€940 | |
| Non-distributable reserves | 130/1 | €940 | - | -€940 | |
| Reserves not available under the articles | 1311 | €940 | - | -€940 | |
| Profit (loss) carried forward | 14 | €101,642 | €56,712 | -€44,930 | -44.2% |
| Amounts payable | 17/49 | €201,682 | €202,517 | +€836 | +0.4% |
| Amounts payable within one year | 42/48 | €201,682 | €202,517 | +€836 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | - | €8,823 | +€8,823 | |
| Financial debts | 43 | €91,351 | €75,000 | -€16,351 | -17.9% |
| Credit institutions | 430/8 | €91,351 | €75,000 | -€16,351 | -17.9% |
| Trade debts | 44 | €70,100 | €30,547 | -€39,552 | -56.4% |
| Suppliers | 440/4 | €70,100 | €30,547 | -€39,552 | -56.4% |
| Taxes, remuneration and social security | 45 | €40,231 | €88,147 | +€47,916 | +119.1% |
| Taxes | 450/3 | €24,041 | €40,366 | +€16,324 | +67.9% |
| Remuneration and social security | 454/9 | €16,190 | €47,782 | +€31,591 | +195.1% |
| Turnover | 70 | €624,205 | €674,530 | +€50,325 | +8.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €522,190 | €505,515 | -€16,675 | -3.2% |
| Remuneration, social security and pensions | 62 | €80,962 | €145,379 | +€64,417 | +79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,962 | €7,743 | +€2,781 | +56.0% |
| Other operating charges | 640/8 | €2,669 | €1,644 | -€1,025 | -38.4% |
| Gross operating margin | 9900 | €103,475 | €188,294 | +€84,819 | +82.0% |
| Operating profit (loss) | 9901 | €14,882 | €33,529 | +€18,647 | +125.3% |
| Financial income | 75/76B | €477 | €65 | -€411 | -86.3% |
| Recurring financial income | 75 | €477 | €65 | -€411 | -86.3% |
| Financial charges | 65/66B | €1,969 | €7,941 | +€5,973 | +303.4% |
| Recurring financial charges | 65 | €1,969 | €7,941 | +€5,973 | +303.4% |
| Profit (loss) for the period before taxes | 9903 | €13,390 | €25,653 | +€12,263 | +91.6% |
| Income taxes | 67/77 | €8,374 | €5,583 | -€2,790 | -33.3% |
| Profit (loss) for the period | 9904 | €5,017 | €20,070 | +€15,053 | +300.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,017 | €20,070 | +€15,053 | +300.1% |
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 12 October 2026 via checked.be.