FORMECA: 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.
FORMECA
Largest movements
- Cash +€65,065
up €65,065 (+242.7%), from €26,804 to €91,869
mainly Net result for the year (+€53,148) and Receivables within one year (+€22,163)
- Receivables within one year -€22,163
down €22,163 (-34.9%), from €63,478 to €41,315
of which Other amounts receivable: -€26,529
- Tangible fixed assets -€14,954
down €14,954 (-22.4%), from €66,720 to €51,766
of which Land and buildings: -€9,271
- Stocks and contracts -€2,112
down €2,112 (-64.3%), from €3,286 to €1,174
- Reserves +€18,148
up €18,148 (+23.0%), from €78,990 to €97,138
of which Distributable reserves: +€18,148
- Tax, wage and social debts +€8,624
up €8,624 (+115.4%), from €7,473 to €16,097
- Trade debts +€5,535
up €5,535 (+107.3%), from €5,158 to €10,693
- Debts after one year -€2,012
no longer reported in 2025 (was €2,012)
- Current portion of long-term debt -€1,871
down €1,871 (-48.2%), from €3,883 to €2,012
- Gross operating margin +€21,530
up €21,530 (+29.6%), from €72,758 to €94,288
- Taxes +€13,151
up €13,151 (+176.0%), from €7,473 to €20,624
- Financial charges +€2,145
up €2,145 (+180.0%), from €1,191 to €3,336
- Depreciation -€1,781
down €1,781 (-10.2%), from €17,409 to €15,628
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 | €161,027 | €186,898 | +€25,871 | +16.1% |
| Fixed assets | 21/28 | €66,720 | €51,766 | -€14,954 | -22.4% |
| Tangible fixed assets | 22/27 | €66,720 | €51,766 | -€14,954 | -22.4% |
| Land and buildings | 22 | €45,850 | €36,579 | -€9,271 | -20.2% |
| Plant, machinery and equipment | 23 | €14,077 | €11,065 | -€3,012 | -21.4% |
| Furniture and vehicles | 24 | €6,794 | €4,123 | -€2,671 | -39.3% |
| Current assets | 29/58 | €94,307 | €135,132 | +€40,825 | +43.3% |
| Stocks and contracts in progress | 3 | €3,286 | €1,174 | -€2,112 | -64.3% |
| Stocks | 30/36 | €3,286 | €1,174 | -€2,112 | -64.3% |
| Amounts receivable within one year | 40/41 | €63,478 | €41,315 | -€22,163 | -34.9% |
| Trade receivables | 40 | €31,849 | €36,214 | +€4,366 | +13.7% |
| Other amounts receivable | 41 | €31,629 | €5,100 | -€26,529 | -83.9% |
| Cash at bank and in hand | 54/58 | €26,804 | €91,869 | +€65,065 | +242.7% |
| Deferred charges and accrued income | 490/1 | €739 | €774 | +€35 | +4.7% |
| Total equity and liabilities | 10/49 | €161,027 | €186,898 | +€25,871 | +16.1% |
| Equity | 10/15 | €106,788 | €123,096 | +€16,309 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,990 | €97,138 | +€18,148 | +23.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €60,240 | €78,388 | +€18,148 | +30.1% |
| Investment grants | 15 | €9,198 | €7,358 | -€1,840 | -20.0% |
| Amounts payable | 17/49 | €54,239 | €63,801 | +€9,562 | +17.6% |
| Amounts payable after more than one year | 17 | €2,012 | - | -€2,012 | |
| Financial debts | 170/4 | €2,012 | - | -€2,012 | |
| Amounts payable within one year | 42/48 | €52,227 | €63,801 | +€11,574 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €3,883 | €2,012 | -€1,871 | -48.2% |
| Trade debts | 44 | €5,158 | €10,693 | +€5,535 | +107.3% |
| Suppliers | 440/4 | €5,158 | €10,693 | +€5,535 | +107.3% |
| Taxes, remuneration and social security | 45 | €7,473 | €16,097 | +€8,624 | +115.4% |
| Taxes | 450/3 | €7,473 | €16,097 | +€8,624 | +115.4% |
| Other amounts payable | 47/48 | €35,714 | €35,000 | -€714 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,409 | €15,628 | -€1,781 | -10.2% |
| Other operating charges | 640/8 | €3,834 | €3,970 | +€137 | +3.6% |
| Non-recurring operating charges | 66A | - | €100 | +€100 | |
| Gross operating margin | 9900 | €72,758 | €94,288 | +€21,530 | +29.6% |
| Operating profit (loss) | 9901 | €51,516 | €74,590 | +€23,074 | +44.8% |
| Financial income | 75/76B | €2,501 | €2,518 | +€17 | +0.7% |
| Recurring financial income | 75 | €2,501 | €2,518 | +€17 | +0.7% |
| Financial charges | 65/66B | €1,191 | €3,336 | +€2,145 | +180.0% |
| Recurring financial charges | 65 | €1,191 | €3,336 | +€2,145 | +180.0% |
| Profit (loss) for the period before taxes | 9903 | €52,826 | €73,772 | +€20,946 | +39.7% |
| Income taxes | 67/77 | €7,473 | €20,624 | +€13,151 | +176.0% |
| Profit (loss) for the period | 9904 | €45,353 | €53,148 | +€7,795 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,353 | €53,148 | +€7,795 | +17.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.