FORMED-PSY: 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.
FORMED-PSY
Largest movements
- Cash +€34,398
up €34,398 (+29.0%), from €118,447 to €152,845
mainly Net result for the year (+€47,131) and Depreciation (+€33,650)
- Tangible fixed assets -€29,175
down €29,175 (-22.0%), from €132,890 to €103,715
of which Land and buildings: -€19,061
- Receivables within one year +€15,135
up €15,135 (+121.4%), from €12,471 to €27,606
of which Other amounts receivable: +€16,694
- Reserves +€36,677
up €36,677 (+15.7%), from €232,897 to €269,574
- Debts after one year -€17,808
down €17,808 (-47.6%), from €37,403 to €19,595
- Tax, wage and social debts +€4,994
up €4,994 (+23.3%), from €21,417 to €26,410
of which Taxes: +€4,994
- Financial charges +€53,938
up €53,938 (+3851.4%), from €1,400 to €55,339
- Taxes -€18,162
down €18,162 (-47.5%), from €38,224 to €20,062
- Depreciation +€8,127
up €8,127 (+31.8%), from €25,523 to €33,650
- Financial income +€2,347
up €2,347 (+521.3%), from €450 to €2,797
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 | €316,551 | €339,869 | +€23,318 | +7.4% |
| Fixed assets | 21/28 | €132,890 | €103,715 | -€29,175 | -22.0% |
| Tangible fixed assets | 22/27 | €132,890 | €103,715 | -€29,175 | -22.0% |
| Land and buildings | 22 | €69,773 | €50,712 | -€19,061 | -27.3% |
| Plant, machinery and equipment | 23 | €628 | €1,762 | +€1,134 | +180.5% |
| Furniture and vehicles | 24 | €62,489 | €48,815 | -€13,674 | -21.9% |
| Other tangible fixed assets | 26 | - | €2,426 | +€2,426 | |
| Current assets | 29/58 | €183,661 | €236,154 | +€52,493 | +28.6% |
| Amounts receivable within one year | 40/41 | €12,471 | €27,606 | +€15,135 | +121.4% |
| Trade receivables | 40 | €1,560 | €0 | -€1,560 | -100.0% |
| Other amounts receivable | 41 | €10,911 | €27,606 | +€16,694 | +153.0% |
| Current investments | 50/53 | €14,517 | €14,517 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €118,447 | €152,845 | +€34,398 | +29.0% |
| Deferred charges and accrued income | 490/1 | €38,226 | €41,186 | +€2,960 | +7.7% |
| Total equity and liabilities | 10/49 | €316,551 | €339,869 | +€23,318 | +7.4% |
| Equity | 10/15 | €239,097 | €275,774 | +€36,677 | +15.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €232,897 | €269,574 | +€36,677 | +15.7% |
| Distributable reserves | 133 | €232,897 | €269,574 | +€36,677 | +15.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,454 | €64,095 | -€13,359 | -17.2% |
| Amounts payable after more than one year | 17 | €37,403 | €19,595 | -€17,808 | -47.6% |
| Financial debts | 170/4 | €37,403 | €19,595 | -€17,808 | -47.6% |
| Amounts payable within one year | 42/48 | €40,051 | €44,500 | +€4,450 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €17,428 | €17,808 | +€381 | +2.2% |
| Trade debts | 44 | €1,206 | €282 | -€925 | -76.7% |
| Suppliers | 440/4 | €1,206 | €282 | -€925 | -76.7% |
| Taxes, remuneration and social security | 45 | €21,417 | €26,410 | +€4,994 | +23.3% |
| Taxes | 450/3 | €19,417 | €24,410 | +€4,994 | +25.7% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,523 | €33,650 | +€8,127 | +31.8% |
| Other operating charges | 640/8 | €2,424 | €3,326 | +€902 | +37.2% |
| Gross operating margin | 9900 | €157,754 | €156,710 | -€1,044 | -0.7% |
| Operating profit (loss) | 9901 | €129,807 | €119,734 | -€10,073 | -7.8% |
| Financial income | 75/76B | €450 | €2,797 | +€2,347 | +521.3% |
| Recurring financial income | 75 | €450 | €2,797 | +€2,347 | +521.3% |
| Financial charges | 65/66B | €1,400 | €55,339 | +€53,938 | +3851.4% |
| Recurring financial charges | 65 | €1,400 | €55,339 | +€53,938 | +3851.4% |
| Profit (loss) for the period before taxes | 9903 | €128,857 | €67,192 | -€61,664 | -47.9% |
| Income taxes | 67/77 | €38,224 | €20,062 | -€18,162 | -47.5% |
| Profit (loss) for the period | 9904 | €90,633 | €47,131 | -€43,502 | -48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €90,633 | €47,131 | -€43,502 | -48.0% |
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.