FORMET INTERNATIONAL: 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.
FORMET INTERNATIONAL
Largest movements
- Receivables within one year -€70,923
down €70,923 (-45.7%), from €155,189 to €84,266
of which Other amounts receivable: -€92,054
- Other debts -€80,500
down €80,500 (-43.4%), from €185,583 to €105,083
- Trade debts +€4,690
up €4,690 (+59.6%), from €7,873 to €12,563
- Profit (loss) carried forward +€2,058
up €2,058 (+7.8%), from -€26,418 to -€24,360
- Gross operating margin +€16,568
up €16,568, from -€12,256 to €4,313
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €170,038 | €96,286 | -€73,752 | -43.4% |
| Formation expenses | 20 | €266 | €29 | -€237 | -89.2% |
| Fixed assets | 21/28 | €10,897 | €9,417 | -€1,480 | -13.6% |
| Tangible fixed assets | 22/27 | €1,646 | €166 | -€1,480 | -89.9% |
| Plant, machinery and equipment | 23 | €1,646 | €166 | -€1,480 | -89.9% |
| Financial fixed assets | 28 | €9,251 | €9,251 | = | 0.0% |
| Current assets | 29/58 | €158,874 | €86,840 | -€72,034 | -45.3% |
| Amounts receivable within one year | 40/41 | €155,189 | €84,266 | -€70,923 | -45.7% |
| Trade receivables | 40 | - | €21,131 | +€21,131 | |
| Other amounts receivable | 41 | €155,189 | €63,135 | -€92,054 | -59.3% |
| Cash at bank and in hand | 54/58 | €3,685 | €2,574 | -€1,111 | -30.2% |
| Total equity and liabilities | 10/49 | €170,038 | €96,286 | -€73,752 | -43.4% |
| Equity | 10/15 | -€23,418 | -€21,360 | +€2,058 | +8.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,418 | -€24,360 | +€2,058 | +7.8% |
| Amounts payable | 17/49 | €193,456 | €117,646 | -€75,810 | -39.2% |
| Amounts payable within one year | 42/48 | €193,456 | €117,646 | -€75,810 | -39.2% |
| Trade debts | 44 | €7,873 | €12,563 | +€4,690 | +59.6% |
| Suppliers | 440/4 | €7,873 | €12,563 | +€4,690 | +59.6% |
| Other amounts payable | 47/48 | €185,583 | €105,083 | -€80,500 | -43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,717 | €1,717 | = | 0.0% |
| Other operating charges | 640/8 | €361 | €403 | +€42 | +11.5% |
| Gross operating margin | 9900 | -€12,256 | €4,313 | +€16,568 | |
| Operating profit (loss) | 9901 | -€14,334 | €2,192 | +€16,527 | |
| Financial charges | 65/66B | €165 | €134 | -€31 | -18.9% |
| Recurring financial charges | 65 | €165 | €134 | -€31 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | -€14,500 | €2,058 | +€16,558 | |
| Profit (loss) for the period | 9904 | -€14,500 | €2,058 | +€16,558 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,500 | €2,058 | +€16,558 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.