Formic: what changed
Two fiscal 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.
Formic
Largest movements
- Tangible fixed assets -€52,752
down €52,752 (-5.1%), from €1.0m to €977,044
of which Land and buildings: -€54,932
- Cash +€14,926
up €14,926 (+167.6%), from €8,904 to €23,830
mainly Depreciation (+€96,230) and Net result for the year (+€6,578)
- Debts after one year -€45,837
down €45,837 (-12.4%), from €368,537 to €322,700
- Profit (loss) carried forward +€25,723
up €25,723 (+7.0%), from -€367,469 to -€341,746
- Reserves -€19,145
down €19,145 (-8.8%), from €218,205 to €199,059
of which Tax-exempt reserves: -€19,145
- Gross operating margin +€68,440
up €68,440 (+77.5%), from €88,342 to €156,782
- Financial charges -€44,687
down €44,687 (-68.7%), from €65,039 to €20,352
of which Non-recurring financial charges: -€42,600
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 | €1,087,328 | €1,050,120 | -€37,208 | -3.4% |
| Fixed assets | 21/28 | €1,029,886 | €977,134 | -€52,752 | -5.1% |
| Tangible fixed assets | 22/27 | €1,029,796 | €977,044 | -€52,752 | -5.1% |
| Land and buildings | 22 | €875,227 | €820,294 | -€54,932 | -6.3% |
| Plant, machinery and equipment | 23 | €121,978 | €130,937 | +€8,959 | +7.3% |
| Furniture and vehicles | 24 | €32,591 | €25,813 | -€6,778 | -20.8% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €57,442 | €72,986 | +€15,545 | +27.1% |
| Amounts receivable within one year | 40/41 | €48,478 | €49,096 | +€618 | +1.3% |
| Trade receivables | 40 | €21,780 | €18,000 | -€3,780 | -17.4% |
| Other amounts receivable | 41 | €26,698 | €31,096 | +€4,398 | +16.5% |
| Current investments | 50/53 | €61 | €61 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €8,904 | €23,830 | +€14,926 | +167.6% |
| Total equity and liabilities | 10/49 | €1,087,328 | €1,050,120 | -€37,208 | -3.4% |
| Equity | 10/15 | -€87,264 | -€80,686 | +€6,578 | +7.5% |
| 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 | €218,205 | €199,059 | -€19,145 | -8.8% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €198,382 | €179,237 | -€19,145 | -9.7% |
| Distributable reserves | 133 | €16,724 | €16,724 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€367,469 | -€341,746 | +€25,723 | +7.0% |
| Amounts payable | 17/49 | €1,174,592 | €1,130,807 | -€43,785 | -3.7% |
| Amounts payable after more than one year | 17 | €368,537 | €322,700 | -€45,837 | -12.4% |
| Financial debts | 170/4 | €368,537 | €322,700 | -€45,837 | -12.4% |
| Amounts payable within one year | 42/48 | €805,605 | €807,657 | +€2,052 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €47,147 | €49,554 | +€2,407 | +5.1% |
| Trade debts | 44 | €33,130 | €33,296 | +€166 | +0.5% |
| Suppliers | 440/4 | €33,130 | €33,296 | +€166 | +0.5% |
| Taxes, remuneration and social security | 45 | €5,187 | €5,285 | +€98 | +1.9% |
| Taxes | 450/3 | €750 | - | -€750 | |
| Remuneration and social security | 454/9 | €4,437 | €5,285 | +€848 | +19.1% |
| Other amounts payable | 47/48 | €720,140 | €719,520 | -€620 | -0.1% |
| Accrued charges and deferred income | 492/3 | €450 | €450 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €24,788 | €26,168 | +€1,380 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97,343 | €96,230 | -€1,113 | -1.1% |
| Other operating charges | 640/8 | €7,200 | €7,453 | +€253 | +3.5% |
| Gross operating margin | 9900 | €88,342 | €156,782 | +€68,440 | +77.5% |
| Operating profit (loss) | 9901 | -€40,990 | €26,930 | +€67,919 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €65,039 | €20,352 | -€44,687 | -68.7% |
| Recurring financial charges | 65 | €22,439 | €20,352 | -€2,087 | -9.3% |
| Non-recurring financial charges | 66B | €42,600 | - | -€42,600 | |
| Profit (loss) for the period before taxes | 9903 | -€106,028 | €6,578 | +€112,606 | |
| Transfer from deferred taxes | 780 | €19,145 | - | -€19,145 | |
| Income taxes | 67/77 | €228 | - | -€228 | |
| Profit (loss) for the period | 9904 | -€87,111 | €6,578 | +€93,688 | |
| Transfer from tax-exempt reserves | 789 | - | €19,145 | +€19,145 | |
| Profit (loss) for the period to be appropriated | 9905 | -€87,111 | €25,723 | +€112,834 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.