FORMING: 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.
FORMING
Largest movements
- Receivables within one year -€11,592
down €11,592 (-41.3%), from €28,044 to €16,451
of which Trade receivables: -€10,637
- Cash +€1,282
up €1,282 (+88.9%), from €1,441 to €2,722
mainly Other debts (+€21,075) and Receivables within one year (+€11,592)
- Trade debts -€22,872
down €22,872 (-86.6%), from €26,399 to €3,526
- Other debts +€21,075
up €21,075 (+1084.3%), from €1,944 to €23,019
- Profit (loss) carried forward -€7,632
down €7,632, from €146 to -€7,485
- Tax, wage and social debts -€882
no longer reported in 2025 (was €882)
of which Taxes: -€532
- Staff costs -€21,764
no longer reported in 2025 (was €21,764)
- Gross operating margin -€20,882
down €20,882, from €14,452 to -€6,431
- Depreciation -€686
no longer reported in 2025 (was €686)
- Financial charges +€264
up €264 (+70.6%), from €374 to €639
- Other operating charges +€258
up €258 (+67.1%), from €385 to €643
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 | €29,646 | €19,335 | -€10,311 | -34.8% |
| Fixed assets | 21/28 | €161 | €161 | = | 0.0% |
| Financial fixed assets | 28 | €161 | €161 | = | 0.0% |
| Current assets | 29/58 | €29,485 | €19,174 | -€10,311 | -35.0% |
| Amounts receivable within one year | 40/41 | €28,044 | €16,451 | -€11,592 | -41.3% |
| Trade receivables | 40 | €26,760 | €16,123 | -€10,637 | -39.7% |
| Other amounts receivable | 41 | €1,284 | €328 | -€956 | -74.4% |
| Cash at bank and in hand | 54/58 | €1,441 | €2,722 | +€1,282 | +88.9% |
| Total equity and liabilities | 10/49 | €29,646 | €19,335 | -€10,311 | -34.8% |
| Equity | 10/15 | €421 | -€7,210 | -€7,632 | |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Reserves | 13 | €25 | €25 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25 | €25 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25 | €25 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146 | -€7,485 | -€7,632 | |
| Amounts payable | 17/49 | €29,224 | €26,545 | -€2,679 | -9.2% |
| Amounts payable within one year | 42/48 | €29,224 | €26,545 | -€2,679 | -9.2% |
| Trade debts | 44 | €26,399 | €3,526 | -€22,872 | -86.6% |
| Suppliers | 440/4 | €26,399 | €3,526 | -€22,872 | -86.6% |
| Taxes, remuneration and social security | 45 | €882 | - | -€882 | |
| Taxes | 450/3 | €532 | - | -€532 | |
| Remuneration and social security | 454/9 | €350 | - | -€350 | |
| Other amounts payable | 47/48 | €1,944 | €23,019 | +€21,075 | +1084.3% |
| Remuneration, social security and pensions | 62 | €21,764 | - | -€21,764 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €686 | - | -€686 | |
| Other operating charges | 640/8 | €385 | €643 | +€258 | +67.1% |
| Gross operating margin | 9900 | €14,452 | -€6,431 | -€20,882 | |
| Operating profit (loss) | 9901 | -€8,383 | -€7,073 | +€1,309 | +15.6% |
| Financial income | 75/76B | €5 | €81 | +€76 | +1636.6% |
| Recurring financial income | 75 | €5 | €81 | +€76 | +1636.6% |
| Financial charges | 65/66B | €374 | €639 | +€264 | +70.6% |
| Recurring financial charges | 65 | €374 | €639 | +€264 | +70.6% |
| Profit (loss) for the period before taxes | 9903 | -€8,752 | -€7,632 | +€1,121 | +12.8% |
| Profit (loss) for the period | 9904 | -€8,752 | -€7,632 | +€1,121 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,752 | -€7,632 | +€1,121 | +12.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.