FORMIS: 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.
FORMIS
Largest movements
- Cash +€82,282
up €82,282 (+148.5%), from €55,409 to €137,691
mainly Net result for the year (+€65,911) and Depreciation (+€19,964)
- Tangible fixed assets -€14,119
down €14,119 (-14.1%), from €100,372 to €86,254
of which Leasing and similar rights: -€15,000
- Receivables within one year +€5,500
up €5,500 (+108.3%), from €5,080 to €10,580
of which Trade receivables: +€5,500
- Reserves +€54,708
new in 2025: €54,708
- Debts after one year -€13,699
down €13,699 (-26.7%), from €51,254 to €37,556
- Tax, wage and social debts +€13,511
up €13,511 (+71.0%), from €19,041 to €32,552
of which Taxes: +€14,581
- Profit (loss) carried forward +€11,203
up €11,203 (+16.3%), from €68,797 to €80,000
- Trade debts +€3,180
up €3,180 (+31.0%), from €10,250 to €13,430
- Gross operating margin +€81,058
up €81,058 (+94.1%), from €86,103 to €167,161
- Depreciation +€14,231
up €14,231 (+248.2%), from €5,733 to €19,964
- Taxes +€11,172
up €11,172 (+166.1%), from €6,728 to €17,900
- Staff costs +€5,241
up €5,241 (+10.3%), from €51,030 to €56,271
- Financial charges +€4,986
up €4,986 (+393.9%), from €1,266 to €6,252
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 | €163,299 | €237,013 | +€73,714 | +45.1% |
| Fixed assets | 21/28 | €100,372 | €86,504 | -€13,869 | -13.8% |
| Tangible fixed assets | 22/27 | €100,372 | €86,254 | -€14,119 | -14.1% |
| Plant, machinery and equipment | 23 | €4,036 | €4,384 | +€347 | +8.6% |
| Furniture and vehicles | 24 | €1,048 | €4,469 | +€3,421 | +326.6% |
| Leasing and similar rights | 25 | €72,377 | €57,377 | -€15,000 | -20.7% |
| Other tangible fixed assets | 26 | €22,911 | €20,024 | -€2,887 | -12.6% |
| Financial fixed assets | 28 | - | €250 | +€250 | |
| Current assets | 29/58 | €62,927 | €150,509 | +€87,582 | +139.2% |
| Amounts receivable within one year | 40/41 | €5,080 | €10,580 | +€5,500 | +108.3% |
| Trade receivables | 40 | €5,068 | €10,568 | +€5,500 | +108.5% |
| Other amounts receivable | 41 | €12 | €12 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €55,409 | €137,691 | +€82,282 | +148.5% |
| Deferred charges and accrued income | 490/1 | €2,438 | €2,238 | -€200 | -8.2% |
| Total equity and liabilities | 10/49 | €163,299 | €237,013 | +€73,714 | +45.1% |
| Equity | 10/15 | €70,797 | €136,708 | +€65,911 | +93.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €54,708 | +€54,708 | |
| Distributable reserves | 133 | - | €54,708 | +€54,708 | |
| Profit (loss) carried forward | 14 | €68,797 | €80,000 | +€11,203 | +16.3% |
| Amounts payable | 17/49 | €92,502 | €100,305 | +€7,803 | +8.4% |
| Amounts payable after more than one year | 17 | €51,254 | €37,556 | -€13,699 | -26.7% |
| Financial debts | 170/4 | €51,254 | €37,556 | -€13,699 | -26.7% |
| Amounts payable within one year | 42/48 | €41,247 | €60,182 | +€18,935 | +45.9% |
| Current portion of amounts payable after more than one year | 42 | €11,955 | €13,699 | +€1,744 | +14.6% |
| Trade debts | 44 | €10,250 | €13,430 | +€3,180 | +31.0% |
| Suppliers | 440/4 | €10,250 | €13,430 | +€3,180 | +31.0% |
| Taxes, remuneration and social security | 45 | €19,041 | €32,552 | +€13,511 | +71.0% |
| Taxes | 450/3 | €10,802 | €25,383 | +€14,581 | +135.0% |
| Remuneration and social security | 454/9 | €8,239 | €7,169 | -€1,070 | -13.0% |
| Other amounts payable | 47/48 | - | €501 | +€501 | |
| Accrued charges and deferred income | 492/3 | - | €2,567 | +€2,567 | |
| Remuneration, social security and pensions | 62 | €51,030 | €56,271 | +€5,241 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,733 | €19,964 | +€14,231 | +248.2% |
| Other operating charges | 640/8 | €647 | €867 | +€220 | +34.0% |
| Gross operating margin | 9900 | €86,103 | €167,161 | +€81,058 | +94.1% |
| Operating profit (loss) | 9901 | €28,694 | €90,059 | +€61,366 | +213.9% |
| Financial income | 75/76B | €95 | €4 | -€90 | -95.6% |
| Recurring financial income | 75 | €95 | €4 | -€90 | -95.6% |
| Financial charges | 65/66B | €1,266 | €6,252 | +€4,986 | +393.9% |
| Recurring financial charges | 65 | €1,266 | €6,252 | +€4,986 | +393.9% |
| Profit (loss) for the period before taxes | 9903 | €27,522 | €83,811 | +€56,289 | +204.5% |
| Income taxes | 67/77 | €6,728 | €17,900 | +€11,172 | +166.1% |
| Profit (loss) for the period | 9904 | €20,794 | €65,911 | +€45,117 | +217.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,794 | €65,911 | +€45,117 | +217.0% |
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 8 October 2026 via checked.be.