FORMETCO: 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.
What changed
FORMETCO
NACE 46.649, Wholesale of other machinery and equipment
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
€33,871
2023 · €688,003-€654,133
Equity
€2.3m
2023 · €2.3m+€33,871
Cash
€52,639
2023 · €29,588+€23,050
Balance sheet total
€2.9m
2023 · €3.0m-€120,361
Largest movements
Assets
- Receivables within one year -€137,793
down €137,793 (-33.6%), from €409,583 to €271,790
of which Other amounts receivable: -€209,171
Equity and liabilities
- Other debts -€164,725
down €164,725 (-88.2%), from €186,697 to €21,972
- Profit (loss) carried forward +€33,871
up €33,871 (+1.5%), from €2.2m to €2.2m
Income statement
- Financial income -€648,886
down €648,886 (-100.0%), from €648,941 to €55
- Gross operating margin -€7,907
down €7,907 (-9.7%), from €81,811 to €73,904
- Financial charges -€2,327
down €2,327 (-10.7%), from €21,656 to €19,330
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.
Result 2023
€688,003
Gross operating margin
-€7,907
Other operating charges
-€66
Financial income
-€648,886
Financial charges
+€2,327
Taxes
+€399
Result 2024
€33,871
raises the resultlowers the result
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.
From operations
+€40,044
Investment
€0
Financing
-€16,994
Cash 2023
€29,588
From operations (derived)
+€40,044
Net result for the year
+€33,871
Depreciation
+€5,562
Receivables within one year
+€137,793
Deferred charges and accrued income
+€56
Trade debts
+€880
Tax, wage and social debts
+€13,387
Other debts
-€164,725
Accrued charges and deferred income
+€13,220
Financing
-€16,994
Debts after one year
-€11,834
Current portion of long-term debt
-€5,160
Cash 2024
€52,639
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,974,238 | €2,853,877 | -€120,361 | -4.0% |
| Fixed assets | 21/28 | €2,535,010 | €2,529,448 | -€5,562 | -0.2% |
| Tangible fixed assets | 22/27 | €32,218 | €26,656 | -€5,562 | -17.3% |
| Land and buildings | 22 | €32,218 | €26,656 | -€5,562 | -17.3% |
| Financial fixed assets | 28 | €2,502,792 | €2,502,792 | = | 0.0% |
| Current assets | 29/58 | €439,228 | €324,429 | -€114,799 | -26.1% |
| Amounts receivable within one year | 40/41 | €409,583 | €271,790 | -€137,793 | -33.6% |
| Trade receivables | 40 | €3,630 | €75,008 | +€71,378 | +1,966% |
| Other amounts receivable | 41 | €405,953 | €196,783 | -€209,171 | -51.5% |
| Cash at bank and in hand | 54/58 | €29,588 | €52,639 | +€23,050 | +77.9% |
| Deferred charges and accrued income | 490/1 | €56 | - | -€56 | |
| Total equity and liabilities | 10/49 | €2,974,238 | €2,853,877 | -€120,361 | -4.0% |
| Equity | 10/15 | €2,254,677 | €2,288,548 | +€33,871 | +1.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,186,477 | €2,220,348 | +€33,871 | +1.5% |
| Amounts payable | 17/49 | €719,561 | €565,329 | -€154,232 | -21.4% |
| Amounts payable after more than one year | 17 | €393,217 | €381,384 | -€11,834 | -3.0% |
| Financial debts | 170/4 | €393,217 | €381,384 | -€11,834 | -3.0% |
| Amounts payable within one year | 42/48 | €244,346 | €88,728 | -€155,618 | -63.7% |
| Current portion of amounts payable after more than one year | 42 | €5,160 | - | -€5,160 | |
| Trade debts | 44 | €336 | €1,216 | +€880 | +261% |
| Suppliers | 440/4 | €336 | €1,216 | +€880 | +261% |
| Taxes, remuneration and social security | 45 | €52,153 | €65,540 | +€13,387 | +25.7% |
| Taxes | 450/3 | €52,153 | €65,540 | +€13,387 | +25.7% |
| Other amounts payable | 47/48 | €186,697 | €21,972 | -€164,725 | -88.2% |
| Accrued charges and deferred income | 492/3 | €81,997 | €95,217 | +€13,220 | +16.1% |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,562 | €5,562 | = | 0.0% |
| Other operating charges | 640/8 | €1,854 | €1,919 | +€66 | +3.5% |
| Gross operating margin | 9900 | €81,811 | €73,904 | -€7,907 | -9.7% |
| Operating profit (loss) | 9901 | €74,395 | €66,423 | -€7,972 | -10.7% |
| Financial income | 75/76B | €648,941 | €55 | -€648,886 | -100.0% |
| Recurring financial income | 75 | €648,941 | €55 | -€648,886 | -100.0% |
| Financial charges | 65/66B | €21,656 | €19,330 | -€2,327 | -10.7% |
| Recurring financial charges | 65 | €21,656 | €19,330 | -€2,327 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €701,679 | €47,147 | -€654,532 | -93.3% |
| Income taxes | 67/77 | €13,676 | €13,277 | -€399 | -2.9% |
| Profit (loss) for the period | 9904 | €688,003 | €33,871 | -€654,133 | -95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €688,003 | €33,871 | -€654,133 | -95.1% |
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 14 October 2026 via checked.be.