FORMOSA: 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.
FORMOSA
Largest movements
- Cash -€22,250
down €22,250 (-77.9%), from €28,545 to €6,295
mainly Net result for the year (-€23,782) and Investment in fixed assets (net) (-€9,436)
- Tangible fixed assets -€1,361
down €1,361 (-3.2%), from €42,640 to €41,279
of which Furniture and vehicles: -€2,928
- Profit (loss) carried forward -€23,782
down €23,782, from €11,844 to -€11,938
- Debts after one year -€5,933
down €5,933 (-24.7%), from €24,033 to €18,100
- Tax, wage and social debts +€5,277
up €5,277 (+51.7%), from €10,212 to €15,489
of which Remuneration and social security: +€3,544
- Trade debts +€5,115
up €5,115 (+81.1%), from €6,308 to €11,423
- Other debts -€4,871
down €4,871 (-44.5%), from €10,943 to €6,072
- Gross operating margin -€55,763
down €55,763, from €49,744 to -€6,019
- Taxes -€8,268
down €8,268 (-95.4%), from €8,664 to €397
- Depreciation +€6,586
up €6,586 (+156%), from €4,211 to €10,797
- Financial charges +€644
up €644 (+22.8%), from €2,826 to €3,471
- Other operating charges -€616
down €616 (-16.6%), from €3,716 to €3,099
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.
Derived cash bridge
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 | €83,791 | €59,597 | -€24,194 | -28.9% |
| Fixed assets | 21/28 | €43,373 | €42,012 | -€1,361 | -3.1% |
| Tangible fixed assets | 22/27 | €42,640 | €41,279 | -€1,361 | -3.2% |
| Plant, machinery and equipment | 23 | - | €1,567 | +€1,567 | |
| Furniture and vehicles | 24 | €42,640 | €39,711 | -€2,928 | -6.9% |
| Financial fixed assets | 28 | €733 | €733 | = | 0.0% |
| Current assets | 29/58 | €40,418 | €17,585 | -€22,833 | -56.5% |
| Stocks and contracts in progress | 3 | €4,524 | €4,314 | -€210 | -4.6% |
| Stocks | 30/36 | €4,524 | €4,314 | -€210 | -4.6% |
| Amounts receivable within one year | 40/41 | €601 | €408 | -€193 | -32.1% |
| Trade receivables | 40 | €601 | €400 | -€201 | -33.4% |
| Other amounts receivable | 41 | - | €8 | +€8 | |
| Cash at bank and in hand | 54/58 | €28,545 | €6,295 | -€22,250 | -77.9% |
| Deferred charges and accrued income | 490/1 | €6,749 | €6,568 | -€181 | -2.7% |
| Total equity and liabilities | 10/49 | €83,791 | €59,597 | -€24,194 | -28.9% |
| Equity | 10/15 | €32,295 | €8,513 | -€23,782 | -73.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,844 | -€11,938 | -€23,782 | |
| Amounts payable | 17/49 | €51,496 | €51,084 | -€413 | -0.8% |
| Amounts payable after more than one year | 17 | €24,033 | €18,100 | -€5,933 | -24.7% |
| Financial debts | 170/4 | €24,033 | €18,100 | -€5,933 | -24.7% |
| Amounts payable within one year | 42/48 | €27,463 | €32,984 | +€5,521 | +20.1% |
| Trade debts | 44 | €6,308 | €11,423 | +€5,115 | +81.1% |
| Suppliers | 440/4 | €6,308 | €11,423 | +€5,115 | +81.1% |
| Taxes, remuneration and social security | 45 | €10,212 | €15,489 | +€5,277 | +51.7% |
| Taxes | 450/3 | €10,212 | €11,945 | +€1,733 | +17.0% |
| Remuneration and social security | 454/9 | - | €3,544 | +€3,544 | |
| Other amounts payable | 47/48 | €10,943 | €6,072 | -€4,871 | -44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,211 | €10,797 | +€6,586 | +156% |
| Other operating charges | 640/8 | €3,716 | €3,099 | -€616 | -16.6% |
| Gross operating margin | 9900 | €49,744 | -€6,019 | -€55,763 | |
| Operating profit (loss) | 9901 | €41,818 | -€19,915 | -€61,733 | |
| Financial income | 75/76B | €2 | €1 | -€1 | -69.7% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -69.7% |
| Financial charges | 65/66B | €2,826 | €3,471 | +€644 | +22.8% |
| Recurring financial charges | 65 | €2,826 | €3,471 | +€644 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €38,994 | -€23,385 | -€62,379 | |
| Income taxes | 67/77 | €8,664 | €397 | -€8,268 | -95.4% |
| Profit (loss) for the period | 9904 | €30,329 | -€23,782 | -€54,111 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,329 | -€23,782 | -€54,111 |
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 14 October 2026 via checked.be.