FORMWORK BELGIAN: 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.
FORMWORK BELGIAN
Largest movements
- Receivables within one year -€36,356
down €36,356 (-88.4%), from €41,145 to €4,789
of which Other amounts receivable: -€22,856
- Cash -€1,490
no longer reported in 2025 (was €1,490)
mainly Net result for the year (-€49,017) and Trade debts (-€32)
- Profit (loss) carried forward -€49,017
down €49,017 (-99.2%), from -€49,403 to -€98,420
- Tax, wage and social debts +€6,370
up €6,370 (+299%), from €2,130 to €8,500
- Other debts +€4,475
up €4,475 (+7.9%), from €56,865 to €61,340
- Gross operating margin -€36,062
down €36,062, from €18,999 to -€17,063
- Staff costs +€7,626
up €7,626 (+32.9%), from €23,209 to €30,835
- Other operating charges -€3,794
no longer reported in 2025 (was €3,794)
- Financial charges +€687
up €687 (+411%), from €167 to €854
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 | €42,901 | €4,789 | -€38,112 | -88.8% |
| Fixed assets | 21/28 | €265 | - | -€265 | |
| Tangible fixed assets | 22/27 | €265 | - | -€265 | |
| Furniture and vehicles | 24 | €265 | - | -€265 | |
| Current assets | 29/58 | €42,636 | €4,789 | -€37,847 | -88.8% |
| Amounts receivable within one year | 40/41 | €41,145 | €4,789 | -€36,356 | -88.4% |
| Trade receivables | 40 | €17,323 | €3,823 | -€13,500 | -77.9% |
| Other amounts receivable | 41 | €23,822 | €966 | -€22,856 | -95.9% |
| Cash at bank and in hand | 54/58 | €1,490 | - | -€1,490 | |
| Total equity and liabilities | 10/49 | €42,901 | €4,789 | -€38,112 | -88.8% |
| Equity | 10/15 | -€22,471 | -€71,488 | -€49,017 | -218% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €16,932 | €16,932 | = | 0.0% |
| Distributable reserves | 133 | €16,932 | €16,932 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,403 | -€98,420 | -€49,017 | -99.2% |
| Amounts payable | 17/49 | €65,372 | €76,277 | +€10,905 | +16.7% |
| Amounts payable within one year | 42/48 | €65,372 | €76,277 | +€10,905 | +16.7% |
| Financial debts | 43 | - | €91 | +€91 | |
| Credit institutions | 430/8 | - | €91 | +€91 | |
| Trade debts | 44 | €6,377 | €6,345 | -€32 | -0.5% |
| Suppliers | 440/4 | €6,377 | €6,345 | -€32 | -0.5% |
| Taxes, remuneration and social security | 45 | €2,130 | €8,500 | +€6,370 | +299% |
| Remuneration and social security | 454/9 | €2,130 | €8,500 | +€6,370 | +299% |
| Other amounts payable | 47/48 | €56,865 | €61,340 | +€4,475 | +7.9% |
| Remuneration, social security and pensions | 62 | €23,209 | €30,835 | +€7,626 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306 | €265 | -€41 | -13.4% |
| Other operating charges | 640/8 | €3,794 | - | -€3,794 | |
| Gross operating margin | 9900 | €18,999 | -€17,063 | -€36,062 | |
| Operating profit (loss) | 9901 | -€8,309 | -€48,163 | -€39,853 | -480% |
| Financial charges | 65/66B | €167 | €854 | +€687 | +411% |
| Recurring financial charges | 65 | €167 | €854 | +€687 | +411% |
| Profit (loss) for the period before taxes | 9903 | -€8,476 | -€49,017 | -€40,540 | -478% |
| Profit (loss) for the period | 9904 | -€8,476 | -€49,017 | -€40,540 | -478% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,476 | -€49,017 | -€40,540 | -478% |
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 1 November 2026 via checked.be.