FORMIL: 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.
FORMIL
Largest movements
- Cash +€88,016
up €88,016 (+155.7%), from €56,518 to €144,534
mainly Other debts (+€173,000) and Depreciation (+€19,810)
- Tangible fixed assets +€62,597
up €62,597 (+7.9%), from €790,552 to €853,149
of which Plant, machinery and equipment: +€227,639
- Other debts +€173,000
up €173,000 (+69.7%), from €248,043 to €421,043
- Profit (loss) carried forward -€24,334
down €24,334 (-8.5%), from €285,389 to €261,056
- Gross operating margin -€25,323
down €25,323 (-99.5%), from €25,462 to €139
- Financial income +€569
up €569 (+251.4%), from €226 to €795
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 | €847,969 | €998,317 | +€150,348 | +17.7% |
| Fixed assets | 21/28 | €790,694 | €853,783 | +€63,089 | +8.0% |
| Tangible fixed assets | 22/27 | €790,552 | €853,149 | +€62,597 | +7.9% |
| Land and buildings | 22 | €780,236 | €617,554 | -€162,682 | -20.9% |
| Plant, machinery and equipment | 23 | €7,882 | €235,520 | +€227,639 | +2888.1% |
| Furniture and vehicles | 24 | €2,434 | €75 | -€2,359 | -96.9% |
| Financial fixed assets | 28 | €142 | €634 | +€492 | +345.5% |
| Current assets | 29/58 | €57,275 | €144,534 | +€87,259 | +152.4% |
| Cash at bank and in hand | 54/58 | €56,518 | €144,534 | +€88,016 | +155.7% |
| Deferred charges and accrued income | 490/1 | €757 | - | -€757 | |
| Total equity and liabilities | 10/49 | €847,969 | €998,317 | +€150,348 | +17.7% |
| Equity | 10/15 | €583,836 | €559,503 | -€24,334 | -4.2% |
| Contributions | 10/11 | €12,403 | €12,403 | = | 0.0% |
| Reserves | 13 | €286,044 | €286,044 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €284,184 | €284,184 | = | 0.0% |
| Profit (loss) carried forward | 14 | €285,389 | €261,056 | -€24,334 | -8.5% |
| Amounts payable | 17/49 | €264,132 | €438,814 | +€174,682 | +66.1% |
| Amounts payable within one year | 42/48 | €264,132 | €438,814 | +€174,682 | +66.1% |
| Trade debts | 44 | €16,090 | €17,771 | +€1,682 | +10.5% |
| Suppliers | 440/4 | €16,090 | €17,771 | +€1,682 | +10.5% |
| Other amounts payable | 47/48 | €248,043 | €421,043 | +€173,000 | +69.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,979 | €19,810 | -€168 | -0.8% |
| Other operating charges | 640/8 | €5,121 | €5,261 | +€140 | +2.7% |
| Gross operating margin | 9900 | €25,462 | €139 | -€25,323 | -99.5% |
| Operating profit (loss) | 9901 | €362 | -€24,933 | -€25,295 | |
| Financial income | 75/76B | €226 | €795 | +€569 | +251.4% |
| Recurring financial income | 75 | €226 | €795 | +€569 | +251.4% |
| Financial charges | 65/66B | €221 | €196 | -€25 | -11.5% |
| Recurring financial charges | 65 | €221 | €196 | -€25 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €367 | -€24,334 | -€24,701 | |
| Profit (loss) for the period | 9904 | €367 | -€24,334 | -€24,701 | |
| Profit (loss) for the period to be appropriated | 9905 | €367 | -€24,334 | -€24,701 |
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 29 September 2026 via checked.be.