Formica Technologies: what changed
Formica Technologies
Largest movements
- Tangible fixed assets +€3,498
up €3,498 (+112%), from €3,136 to €6,634
- Receivables within one year +€853
up €853 (+30.9%), from €2,760 to €3,613
of which Other amounts receivable: +€1,613
- Cash -€313
down €313 (-36.1%), from €868 to €555
mainly Investment in fixed assets (net) (-€5,597) and Receivables within one year (-€853)
- Financial fixed assets +€117
new in 2023: €117
- Reserves +€3,931
up €3,931 (+166%), from €2,362 to €6,293
- Tax, wage and social debts +€1,324
up €1,324 (+80.8%), from €1,639 to €2,963
- Trade debts -€626
down €626 (-72.6%), from €862 to €236
- Other debts -€400
no longer reported in 2023 (was €400)
- Gross operating margin +€4,930
up €4,930 (+163%), from €3,032 to €7,962
- Depreciation +€1,903
up €1,903 (+2,400%), from €79 to €1,982
- Other operating charges +€732
new in 2023: €732
- Taxes +€602
up €602 (+102%), from €591 to €1,192
- Financial charges +€126
new in 2023: €126
of which Non-recurring financial charges: +€89
Change in the result, 2022 to 2023
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2022 and 2023 balance sheets and the 2023 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,763 | €10,992 | +€4,229 | +62.5% |
| Fixed assets | 21/28 | €3,136 | €6,751 | +€3,615 | +115% |
| Tangible fixed assets | 22/27 | €3,136 | €6,634 | +€3,498 | +112% |
| Furniture and vehicles | 24 | €3,136 | €6,634 | +€3,498 | +112% |
| Financial fixed assets | 28 | - | €117 | +€117 | |
| Current assets | 29/58 | €3,628 | €4,241 | +€614 | +16.9% |
| Amounts receivable within one year | 40/41 | €2,760 | €3,613 | +€853 | +30.9% |
| Trade receivables | 40 | €2,760 | €2,000 | -€760 | -27.5% |
| Other amounts receivable | 41 | - | €1,613 | +€1,613 | |
| Cash at bank and in hand | 54/58 | €868 | €555 | -€313 | -36.1% |
| Deferred charges and accrued income | 490/1 | - | €73 | +€73 | |
| Total equity and liabilities | 10/49 | €6,763 | €10,992 | +€4,229 | +62.5% |
| Equity | 10/15 | €3,862 | €7,793 | +€3,931 | +102% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €2,362 | €6,293 | +€3,931 | +166% |
| Distributable reserves | 133 | €2,362 | €6,293 | +€3,931 | +166% |
| Amounts payable | 17/49 | €2,901 | €3,200 | +€298 | +10.3% |
| Amounts payable within one year | 42/48 | €2,901 | €3,200 | +€298 | +10.3% |
| Trade debts | 44 | €862 | €236 | -€626 | -72.6% |
| Suppliers | 440/4 | €862 | €236 | -€626 | -72.6% |
| Taxes, remuneration and social security | 45 | €1,639 | €2,963 | +€1,324 | +80.8% |
| Taxes | 450/3 | €1,639 | €2,963 | +€1,324 | +80.8% |
| Other amounts payable | 47/48 | €400 | - | -€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79 | €1,982 | +€1,903 | +2,400% |
| Other operating charges | 640/8 | - | €732 | +€732 | |
| Gross operating margin | 9900 | €3,032 | €7,962 | +€4,930 | +163% |
| Operating profit (loss) | 9901 | €2,953 | €5,248 | +€2,296 | +77.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €126 | +€126 | |
| Recurring financial charges | 65 | - | €37 | +€37 | |
| Non-recurring financial charges | 66B | - | €89 | +€89 | |
| Profit (loss) for the period before taxes | 9903 | €2,953 | €5,123 | +€2,170 | +73.5% |
| Income taxes | 67/77 | €591 | €1,192 | +€602 | +102% |
| Profit (loss) for the period | 9904 | €2,362 | €3,931 | +€1,568 | +66.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,362 | €3,931 | +€1,568 | +66.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.