FORMEX VASTGOED: 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.
FORMEX VASTGOED
Largest movements
- Current investments -€160,000
down €160,000 (-100%), from €160,000 to €0
- Cash +€72,405
up €72,405 (+705%), from €10,268 to €82,673
mainly Current investments (+€160,000) and Net result for the year (+€159,313)
- Receivables within one year +€65,524
up €65,524 (+313%), from €20,939 to €86,464
of which Trade receivables: +€43,436
- Tangible fixed assets -€12,938
down €12,938 (-1.2%), from €1.1m to €1.1m
- Other debts -€40,000
down €40,000 (-20.0%), from €200,000 to €160,000
- Gross operating margin +€128,794
up €128,794 (+110%), from €117,207 to €246,001
- Taxes +€34,765
up €34,765 (+190%), from €18,339 to €53,104
- Other operating charges -€11,742
down €11,742 (-34.3%), from €34,264 to €22,522
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 | €1,263,077 | €1,225,756 | -€37,321 | -3.0% |
| Fixed assets | 21/28 | €1,069,557 | €1,056,619 | -€12,938 | -1.2% |
| Tangible fixed assets | 22/27 | €1,069,557 | €1,056,619 | -€12,938 | -1.2% |
| Land and buildings | 22 | €1,069,557 | €1,056,619 | -€12,938 | -1.2% |
| Current assets | 29/58 | €193,520 | €169,137 | -€24,384 | -12.6% |
| Amounts receivable within one year | 40/41 | €20,939 | €86,464 | +€65,524 | +313% |
| Trade receivables | 40 | €18,500 | €61,936 | +€43,436 | +235% |
| Other amounts receivable | 41 | €2,439 | €24,528 | +€22,089 | +906% |
| Current investments | 50/53 | €160,000 | €0 | -€160,000 | -100% |
| Cash at bank and in hand | 54/58 | €10,268 | €82,673 | +€72,405 | +705% |
| Deferred charges and accrued income | 490/1 | €2,313 | €0 | -€2,313 | -100% |
| Total equity and liabilities | 10/49 | €1,263,077 | €1,225,756 | -€37,321 | -3.0% |
| Equity | 10/15 | €991,094 | €990,406 | -€687 | -0.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Revaluation surpluses | 12 | €725,000 | €725,000 | = | 0.0% |
| Reserves | 13 | €141,094 | €140,406 | -€687 | -0.5% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Legal reserve | 130 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €128,594 | €127,906 | -€687 | -0.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €271,984 | €235,350 | -€36,634 | -13.5% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Other amounts payable | 178/9 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €200,340 | €163,654 | -€36,686 | -18.3% |
| Trade debts | 44 | €340 | €3,654 | +€3,314 | +975% |
| Suppliers | 440/4 | €340 | €3,654 | +€3,314 | +975% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €200,000 | €160,000 | -€40,000 | -20.0% |
| Accrued charges and deferred income | 492/3 | €21,644 | €21,695 | +€52 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,313 | €12,938 | +€625 | +5.1% |
| Other operating charges | 640/8 | €34,264 | €22,522 | -€11,742 | -34.3% |
| Gross operating margin | 9900 | €117,207 | €246,001 | +€128,794 | +110% |
| Operating profit (loss) | 9901 | €70,630 | €210,542 | +€139,912 | +198% |
| Financial income | 75/76B | €2,962 | €1,976 | -€986 | -33.3% |
| Recurring financial income | 75 | €2,962 | €1,976 | -€986 | -33.3% |
| Financial charges | 65/66B | €236 | €101 | -€134 | -57.0% |
| Recurring financial charges | 65 | €236 | €101 | -€134 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | €73,357 | €212,417 | +€139,060 | +190% |
| Income taxes | 67/77 | €18,339 | €53,104 | +€34,765 | +190% |
| Profit (loss) for the period | 9904 | €55,017 | €159,313 | +€104,295 | +190% |
| Profit (loss) for the period to be appropriated | 9905 | €55,017 | €159,313 | +€104,295 | +190% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.