FORMULAB: 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.
FORMULAB
Largest movements
- Cash -€29,891
down €29,891 (-30.0%), from €99,785 to €69,894
mainly Contributions, distributions and other (-€90,000) and Trade debts (-€38,624)
- Receivables within one year +€5,601
up €5,601 (+3.9%), from €144,282 to €149,882
of which Trade receivables: +€5,513
- Trade debts -€38,624
down €38,624 (-57.0%), from €67,819 to €29,195
- Reserves +€18,616
up €18,616 (+11.6%), from €160,506 to €179,122
- Tax, wage and social debts -€4,006
down €4,006 (-43.5%), from €9,201 to €5,195
- Gross operating margin +€13,636
up €13,636 (+10.8%), from €125,976 to €139,612
- Taxes -€1,992
down €1,992 (-6.1%), from €32,852 to €30,860
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 | €244,807 | €220,498 | -€24,308 | -9.9% |
| Current assets | 29/58 | €244,807 | €220,498 | -€24,308 | -9.9% |
| Amounts receivable within one year | 40/41 | €144,282 | €149,882 | +€5,601 | +3.9% |
| Trade receivables | 40 | €142,887 | €148,401 | +€5,513 | +3.9% |
| Other amounts receivable | 41 | €1,394 | €1,481 | +€87 | +6.3% |
| Cash at bank and in hand | 54/58 | €99,785 | €69,894 | -€29,891 | -30.0% |
| Deferred charges and accrued income | 490/1 | €740 | €722 | -€18 | -2.4% |
| Total equity and liabilities | 10/49 | €244,807 | €220,498 | -€24,308 | -9.9% |
| Equity | 10/15 | €166,706 | €185,322 | +€18,616 | +11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €160,506 | €179,122 | +€18,616 | +11.6% |
| Distributable reserves | 133 | €160,506 | €179,122 | +€18,616 | +11.6% |
| Amounts payable | 17/49 | €78,101 | €35,177 | -€42,924 | -55.0% |
| Amounts payable within one year | 42/48 | €77,806 | €35,177 | -€42,629 | -54.8% |
| Trade debts | 44 | €67,819 | €29,195 | -€38,624 | -57.0% |
| Suppliers | 440/4 | €67,819 | €29,195 | -€38,624 | -57.0% |
| Taxes, remuneration and social security | 45 | €9,201 | €5,195 | -€4,006 | -43.5% |
| Taxes | 450/3 | €9,201 | €5,195 | -€4,006 | -43.5% |
| Other amounts payable | 47/48 | €787 | €787 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €295 | - | -€295 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €835 | - | -€835 | |
| Other operating charges | 640/8 | €552 | €507 | -€45 | -8.2% |
| Gross operating margin | 9900 | €125,976 | €139,612 | +€13,636 | +10.8% |
| Operating profit (loss) | 9901 | €124,588 | €139,105 | +€14,517 | +11.7% |
| Financial income | 75/76B | €1,208 | €439 | -€769 | -63.7% |
| Recurring financial income | 75 | €1,208 | €439 | -€769 | -63.7% |
| Financial charges | 65/66B | €40 | €67 | +€28 | +69.7% |
| Recurring financial charges | 65 | €40 | €67 | +€28 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | €125,756 | €139,476 | +€13,720 | +10.9% |
| Income taxes | 67/77 | €32,852 | €30,860 | -€1,992 | -6.1% |
| Profit (loss) for the period | 9904 | €92,904 | €108,616 | +€15,712 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €92,904 | €108,616 | +€15,712 | +16.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.