iForma: 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.
iForma
Largest movements
- Current investments +€397,535
new in 2025: €397,535
- Receivables within one year +€125,184
up €125,184 (+107%), from €117,189 to €242,374
of which Trade receivables: +€140,184
- Receivables after one year +€90,000
new in 2025: €90,000
- Cash -€73,141
down €73,141 (-69.3%), from €105,559 to €32,418
mainly Current investments (-€397,535) and Receivables within one year (-€125,184)
- Profit (loss) carried forward +€374,979
up €374,979 (+195%), from €192,043 to €567,022
- Tax, wage and social debts +€113,947
up €113,947 (+317%), from €35,898 to €149,846
- Advances received +€47,997
new in 2025: €47,997
- Trade debts -€10,454
down €10,454 (-57.8%), from €18,073 to €7,619
- Gross operating margin +€241,804
up €241,804 (+96.3%), from €251,139 to €492,943
- Taxes +€62,122
up €62,122 (+109%), from €57,225 to €119,347
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 | €249,049 | €783,725 | +€534,676 | +215% |
| Fixed assets | 21/28 | €15,580 | €11,799 | -€3,781 | -24.3% |
| Tangible fixed assets | 22/27 | €15,580 | €11,799 | -€3,781 | -24.3% |
| Plant, machinery and equipment | 23 | €14,512 | €11,165 | -€3,347 | -23.1% |
| Furniture and vehicles | 24 | €1,068 | €633 | -€435 | -40.7% |
| Current assets | 29/58 | €233,469 | €771,926 | +€538,458 | +231% |
| Amounts receivable after more than one year | 29 | - | €90,000 | +€90,000 | |
| Other amounts receivable | 291 | - | €90,000 | +€90,000 | |
| Amounts receivable within one year | 40/41 | €117,189 | €242,374 | +€125,184 | +107% |
| Trade receivables | 40 | €102,189 | €242,374 | +€140,184 | +137% |
| Other amounts receivable | 41 | €15,000 | - | -€15,000 | |
| Current investments | 50/53 | - | €397,535 | +€397,535 | |
| Cash at bank and in hand | 54/58 | €105,559 | €32,418 | -€73,141 | -69.3% |
| Deferred charges and accrued income | 490/1 | €10,720 | €9,600 | -€1,120 | -10.4% |
| Total equity and liabilities | 10/49 | €249,049 | €783,725 | +€534,676 | +215% |
| Equity | 10/15 | €195,043 | €570,022 | +€374,979 | +192% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,043 | €567,022 | +€374,979 | +195% |
| Amounts payable | 17/49 | €54,006 | €213,704 | +€159,697 | +296% |
| Amounts payable within one year | 42/48 | €54,006 | €206,874 | +€152,868 | +283% |
| Trade debts | 44 | €18,073 | €7,619 | -€10,454 | -57.8% |
| Suppliers | 440/4 | €18,073 | €7,619 | -€10,454 | -57.8% |
| Advances received on contracts in progress | 46 | - | €47,997 | +€47,997 | |
| Taxes, remuneration and social security | 45 | €35,898 | €149,846 | +€113,947 | +317% |
| Taxes | 450/3 | €35,898 | €149,846 | +€113,947 | +317% |
| Other amounts payable | 47/48 | €35 | €1,412 | +€1,378 | +3,983% |
| Accrued charges and deferred income | 492/3 | - | €6,829 | +€6,829 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,457 | €3,781 | +€1,324 | +53.9% |
| Other operating charges | 640/8 | - | €1 | +€1 | |
| Gross operating margin | 9900 | €251,139 | €492,943 | +€241,804 | +96.3% |
| Operating profit (loss) | 9901 | €248,682 | €489,161 | +€240,478 | +96.7% |
| Financial income | 75/76B | €941 | €5,400 | +€4,459 | +474% |
| Recurring financial income | 75 | €941 | €5,400 | +€4,459 | +474% |
| Financial charges | 65/66B | €355 | €234 | -€121 | -34.1% |
| Recurring financial charges | 65 | €355 | €234 | -€121 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €249,267 | €494,326 | +€245,059 | +98.3% |
| Income taxes | 67/77 | €57,225 | €119,347 | +€62,122 | +109% |
| Profit (loss) for the period | 9904 | €192,043 | €374,979 | +€182,937 | +95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €192,043 | €374,979 | +€182,937 | +95.3% |
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 23 October 2026 via checked.be.