FORME & STYLE: what changed
Two fiscal 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.
What changed
FORME & STYLE
NACE 47.551, Retail sale of household furniture
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€14,906
2024 · €18,549-€33,456
Equity
€520,340
2024 · €535,246-€14,906
Cash
€13,973
2024 · €24,602-€10,629
Balance sheet total
€2.2m
2024 · €1.8m+€436,038
Largest movements
Assets
- Stocks and contracts +€360,039
up €360,039 (+42.5%), from €846,356 to €1.2m
of which Contracts in progress: +€365,986
- Receivables within one year +€93,171
up €93,171 (+10.3%), from €906,320 to €999,491
of which Other amounts receivable: +€59,400
Equity and liabilities
- Advances received +€523,364
up €523,364 (+55.1%), from €949,174 to €1.5m
- Trade debts -€87,234
down €87,234 (-100.0%), from €87,234 to €0
Income statement
- Gross operating margin -€57,200
down €57,200 (-23.8%), from €240,840 to €183,640
- Write-downs -€46,254
down €46,254, from €40,053 to -€6,201
- Staff costs +€37,101
up €37,101 (+23.8%), from €156,205 to €193,306
- Other operating charges -€8,437
down €8,437 (-48.0%), from €17,576 to €9,140
- Taxes -€7,835
down €7,835 (-99.7%), from €7,861 to €26
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.
Result 2024
€18,549
Gross operating margin
-€57,200
Staff costs
-€37,101
Depreciation
-€299
Write-downs
+€46,254
Other operating charges
+€8,437
Financial income
-€7,181
Financial charges
+€5,800
Taxes
+€7,835
Result 2025
-€14,906
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.
From operations
-€29,759
Investment
€0
Financing
+€19,129
Cash 2024
€24,602
From operations (derived)
-€29,759
Net result for the year
-€14,906
Depreciation
+€7,481
Stocks and contracts
-€360,039
Receivables within one year
-€93,171
Deferred charges and accrued income
-€939
Trade debts
-€87,234
Tax, wage and social debts
+€13,628
Advances received
+€523,364
Other debts
-€17,941
Financing
+€19,129
Debts after one year
+€10,686
Current portion of long-term debt
+€9,305
Short-term financial debts
-€862
Cash 2025
€13,973
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,788,712 | €2,224,751 | +€436,038 | +24.4% |
| Fixed assets | 21/28 | €11,434 | €3,953 | -€7,481 | -65.4% |
| Tangible fixed assets | 22/27 | €10,228 | €2,747 | -€7,481 | -73.1% |
| Plant, machinery and equipment | 23 | €4,141 | €1,260 | -€2,881 | -69.6% |
| Furniture and vehicles | 24 | €6,087 | €1,487 | -€4,600 | -75.6% |
| Financial fixed assets | 28 | €1,206 | €1,206 | = | 0.0% |
| Current assets | 29/58 | €1,777,278 | €2,220,797 | +€443,519 | +25.0% |
| Stocks and contracts in progress | 3 | €846,356 | €1,206,395 | +€360,039 | +42.5% |
| Stocks | 30/36 | €725,381 | €719,434 | -€5,947 | -0.8% |
| Contracts in progress | 37 | €120,974 | €486,960 | +€365,986 | +302.5% |
| Amounts receivable within one year | 40/41 | €906,320 | €999,491 | +€93,171 | +10.3% |
| Trade receivables | 40 | €472,610 | €506,381 | +€33,771 | +7.1% |
| Other amounts receivable | 41 | €433,710 | €493,110 | +€59,400 | +13.7% |
| Cash at bank and in hand | 54/58 | €24,602 | €13,973 | -€10,629 | -43.2% |
| Deferred charges and accrued income | 490/1 | - | €939 | +€939 | |
| Total equity and liabilities | 10/49 | €1,788,712 | €2,224,751 | +€436,038 | +24.4% |
| Equity | 10/15 | €535,246 | €520,340 | -€14,906 | -2.8% |
| Contributions | 10/11 | €117,750 | €117,750 | = | 0.0% |
| Reserves | 13 | €39,599 | €39,599 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,594 | €13,594 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €13,594 | €13,594 | = | 0.0% |
| Distributable reserves | 133 | €26,004 | €26,004 | = | 0.0% |
| Profit (loss) carried forward | 14 | €377,897 | €362,991 | -€14,906 | -3.9% |
| Amounts payable | 17/49 | €1,253,466 | €1,704,411 | +€450,945 | +36.0% |
| Amounts payable after more than one year | 17 | - | €10,686 | +€10,686 | |
| Financial debts | 170/4 | - | €10,686 | +€10,686 | |
| Amounts payable within one year | 42/48 | €1,251,466 | €1,691,724 | +€440,258 | +35.2% |
| Current portion of amounts payable after more than one year | 42 | €1,381 | €10,686 | +€9,305 | +673.7% |
| Financial debts | 43 | €75,862 | €75,000 | -€862 | -1.1% |
| Credit institutions | 430/8 | €75,862 | €75,000 | -€862 | -1.1% |
| Trade debts | 44 | €87,234 | €0 | -€87,234 | -100.0% |
| Suppliers | 440/4 | €87,234 | €0 | -€87,234 | -100.0% |
| Advances received on contracts in progress | 46 | €949,174 | €1,472,538 | +€523,364 | +55.1% |
| Taxes, remuneration and social security | 45 | €89,760 | €103,388 | +€13,628 | +15.2% |
| Taxes | 450/3 | €72,681 | €53,029 | -€19,652 | -27.0% |
| Remuneration and social security | 454/9 | €17,080 | €50,359 | +€33,280 | +194.8% |
| Other amounts payable | 47/48 | €48,053 | €30,112 | -€17,941 | -37.3% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €156,205 | €193,306 | +€37,101 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,182 | €7,481 | +€299 | +4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €40,053 | -€6,201 | -€46,254 | |
| Other operating charges | 640/8 | €17,576 | €9,140 | -€8,437 | -48.0% |
| Gross operating margin | 9900 | €240,840 | €183,640 | -€57,200 | -23.8% |
| Operating profit (loss) | 9901 | €19,823 | -€20,087 | -€39,910 | |
| Financial income | 75/76B | €18,895 | €11,714 | -€7,181 | -38.0% |
| Recurring financial income | 75 | €18,895 | €11,714 | -€7,181 | -38.0% |
| Financial charges | 65/66B | €12,308 | €6,507 | -€5,800 | -47.1% |
| Recurring financial charges | 65 | €12,308 | €6,507 | -€5,800 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | €26,410 | -€14,880 | -€41,291 | |
| Income taxes | 67/77 | €7,861 | €26 | -€7,835 | -99.7% |
| Profit (loss) for the period | 9904 | €18,549 | -€14,906 | -€33,456 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,549 | -€14,906 | -€33,456 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.