Formigo: 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.
Formigo
Largest movements
- Tangible fixed assets +€78,559
up €78,559 (+146.2%), from €53,729 to €132,288
of which Furniture and vehicles: +€84,465
- Receivables within one year -€37,746
down €37,746 (-24.3%), from €155,054 to €117,309
of which Trade receivables: -€23,435
- Cash +€10,358
up €10,358 (+40.8%), from €25,365 to €35,723
mainly Debts after one year (+€67,058) and Receivables within one year (+€37,746)
- Debts after one year +€67,058
up €67,058 (+3239.4%), from €2,070 to €69,128
- Tax, wage and social debts -€15,877
down €15,877 (-72.9%), from €21,788 to €5,911
- Reserves -€9,422
down €9,422 (-6.2%), from €152,607 to €143,185
- Current portion of long-term debt +€7,315
up €7,315 (+64.0%), from €11,433 to €18,748
- Other debts +€4,201
up €4,201 (+24.0%), from €17,500 to €21,702
- Gross operating margin -€7,879
down €7,879 (-18.7%), from €42,172 to €34,294
- Taxes -€2,798
down €2,798 (-16.6%), from €16,899 to €14,101
- Other operating charges -€1,956
down €1,956 (-77.3%), from €2,532 to €576
- Depreciation +€894
up €894 (+7.7%), from €11,593 to €12,487
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 | €241,328 | €292,717 | +€51,389 | +21.3% |
| Fixed assets | 21/28 | €58,629 | €137,188 | +€78,559 | +134.0% |
| Tangible fixed assets | 22/27 | €53,729 | €132,288 | +€78,559 | +146.2% |
| Furniture and vehicles | 24 | €19,014 | €103,480 | +€84,465 | +444.2% |
| Other tangible fixed assets | 26 | €34,715 | €28,809 | -€5,906 | -17.0% |
| Financial fixed assets | 28 | €4,900 | €4,900 | = | 0.0% |
| Current assets | 29/58 | €182,699 | €155,529 | -€27,170 | -14.9% |
| Amounts receivable within one year | 40/41 | €155,054 | €117,309 | -€37,746 | -24.3% |
| Trade receivables | 40 | €82,094 | €58,660 | -€23,435 | -28.5% |
| Other amounts receivable | 41 | €72,960 | €58,649 | -€14,311 | -19.6% |
| Cash at bank and in hand | 54/58 | €25,365 | €35,723 | +€10,358 | +40.8% |
| Deferred charges and accrued income | 490/1 | €2,280 | €2,497 | +€217 | +9.5% |
| Total equity and liabilities | 10/49 | €241,328 | €292,717 | +€51,389 | +21.3% |
| Equity | 10/15 | €184,407 | €174,985 | -€9,422 | -5.1% |
| Contributions | 10/11 | €31,800 | €31,800 | = | 0.0% |
| Reserves | 13 | €152,607 | €143,185 | -€9,422 | -6.2% |
| Distributable reserves | 133 | €152,607 | €143,185 | -€9,422 | -6.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,921 | €117,731 | +€60,811 | +106.8% |
| Amounts payable after more than one year | 17 | €2,070 | €69,128 | +€67,058 | +3239.4% |
| Financial debts | 170/4 | €2,070 | €69,128 | +€67,058 | +3239.4% |
| Amounts payable within one year | 42/48 | €54,851 | €48,604 | -€6,247 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €11,433 | €18,748 | +€7,315 | +64.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €4,129 | €2,243 | -€1,886 | -45.7% |
| Suppliers | 440/4 | €4,129 | €2,243 | -€1,886 | -45.7% |
| Taxes, remuneration and social security | 45 | €21,788 | €5,911 | -€15,877 | -72.9% |
| Taxes | 450/3 | €21,788 | €5,911 | -€15,877 | -72.9% |
| Other amounts payable | 47/48 | €17,500 | €21,702 | +€4,201 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,593 | €12,487 | +€894 | +7.7% |
| Other operating charges | 640/8 | €2,532 | €576 | -€1,956 | -77.3% |
| Gross operating margin | 9900 | €42,172 | €34,294 | -€7,879 | -18.7% |
| Operating profit (loss) | 9901 | €28,047 | €21,231 | -€6,816 | -24.3% |
| Financial income | 75/76B | €3,798 | €4,005 | +€207 | +5.4% |
| Recurring financial income | 75 | €3,798 | €4,005 | +€207 | +5.4% |
| Financial charges | 65/66B | €1,099 | €855 | -€244 | -22.2% |
| Recurring financial charges | 65 | €1,099 | €855 | -€244 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €30,747 | €24,381 | -€6,366 | -20.7% |
| Income taxes | 67/77 | €16,899 | €14,101 | -€2,798 | -16.6% |
| Profit (loss) for the period | 9904 | €13,848 | €10,280 | -€3,568 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,848 | €10,280 | -€3,568 | -25.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.