FORMES LIBRES: 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.
FORMES LIBRES
Largest movements
- Receivables within one year -€13,795
down €13,795 (-21.2%), from €65,169 to €51,374
of which Trade receivables: -€33,080
- Cash +€4,513
up €4,513 (+109%), from €4,123 to €8,636
mainly Receivables within one year (+€13,795) and Depreciation (+€2,813)
- Tangible fixed assets -€2,813
down €2,813 (-57.0%), from €4,933 to €2,120
- Stocks and contracts +€1,601
up €1,601 (+1,564%), from €102 to €1,704
- Other debts -€6,178
no longer reported in 2025 (was €6,178)
- Trade debts -€4,353
down €4,353 (-33.2%), from €13,126 to €8,773
- Tax, wage and social debts -€982
down €982 (-9.5%), from €10,306 to €9,324
of which Taxes: -€1,004
- Profit (loss) carried forward +€911
up €911 (+3.6%), from €25,554 to €26,464
- Gross operating margin -€5,619
down €5,619 (-17.6%), from €31,848 to €26,229
- Staff costs -€5,188
down €5,188 (-21.2%), from €24,493 to €19,305
- Taxes +€1,841
up €1,841 (+104%), from €1,778 to €3,619
- Financial income +€1,396
new in 2025: €1,396
- Depreciation -€1,037
down €1,037 (-26.9%), from €3,850 to €2,813
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.
Derived cash bridge
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 | €75,624 | €65,021 | -€10,602 | -14.0% |
| Fixed assets | 21/28 | €5,638 | €2,825 | -€2,813 | -49.9% |
| Tangible fixed assets | 22/27 | €4,933 | €2,120 | -€2,813 | -57.0% |
| Furniture and vehicles | 24 | €4,933 | €2,120 | -€2,813 | -57.0% |
| Financial fixed assets | 28 | €705 | €705 | = | 0.0% |
| Current assets | 29/58 | €69,985 | €62,196 | -€7,789 | -11.1% |
| Stocks and contracts in progress | 3 | €102 | €1,704 | +€1,601 | +1,564% |
| Stocks | 30/36 | €102 | €1,704 | +€1,601 | +1,564% |
| Amounts receivable within one year | 40/41 | €65,169 | €51,374 | -€13,795 | -21.2% |
| Trade receivables | 40 | €65,169 | €32,089 | -€33,080 | -50.8% |
| Other amounts receivable | 41 | - | €19,286 | +€19,286 | |
| Cash at bank and in hand | 54/58 | €4,123 | €8,636 | +€4,513 | +109% |
| Deferred charges and accrued income | 490/1 | €591 | €482 | -€109 | -18.4% |
| Total equity and liabilities | 10/49 | €75,624 | €65,021 | -€10,602 | -14.0% |
| Equity | 10/15 | €46,014 | €46,924 | +€911 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,554 | €26,464 | +€911 | +3.6% |
| Amounts payable | 17/49 | €29,610 | €18,097 | -€11,513 | -38.9% |
| Amounts payable within one year | 42/48 | €29,610 | €18,097 | -€11,513 | -38.9% |
| Trade debts | 44 | €13,126 | €8,773 | -€4,353 | -33.2% |
| Suppliers | 440/4 | €13,126 | €8,773 | -€4,353 | -33.2% |
| Taxes, remuneration and social security | 45 | €10,306 | €9,324 | -€982 | -9.5% |
| Taxes | 450/3 | €7,691 | €6,687 | -€1,004 | -13.1% |
| Remuneration and social security | 454/9 | €2,615 | €2,637 | +€22 | +0.8% |
| Other amounts payable | 47/48 | €6,178 | - | -€6,178 | |
| Non-recurring operating income | 76A | €5,000 | - | -€5,000 | |
| Remuneration, social security and pensions | 62 | €24,493 | €19,305 | -€5,188 | -21.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,850 | €2,813 | -€1,037 | -26.9% |
| Other operating charges | 640/8 | €640 | €816 | +€176 | +27.6% |
| Gross operating margin | 9900 | €31,848 | €26,229 | -€5,619 | -17.6% |
| Operating profit (loss) | 9901 | €2,865 | €3,295 | +€430 | +15.0% |
| Financial income | 75/76B | - | €1,396 | +€1,396 | |
| Recurring financial income | 75 | - | €1,396 | +€1,396 | |
| Financial charges | 65/66B | €364 | €161 | -€203 | -55.7% |
| Recurring financial charges | 65 | €364 | €161 | -€203 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | €2,501 | €4,530 | +€2,028 | +81.1% |
| Income taxes | 67/77 | €1,778 | €3,619 | +€1,841 | +104% |
| Profit (loss) for the period | 9904 | €723 | €911 | +€187 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €723 | €911 | +€187 | +25.9% |
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 24 October 2026 via checked.be.