VORM: 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.
VORM
Largest movements
- Tangible fixed assets -€10,707
down €10,707 (-52.2%), from €20,522 to €9,815
- Cash -€7,059
down €7,059 (-53.3%), from €13,241 to €6,182
mainly Debts after one year (-€8,951) and Net result for the year (-€6,624)
- Stocks and contracts +€5,177
up €5,177 (+111.5%), from €4,642 to €9,819
- Receivables within one year +€1,500
up €1,500 (+14.2%), from €10,544 to €12,043
of which Trade receivables: +€2,549
- Debts after one year -€8,951
down €8,951 (-50.0%), from €17,901 to €8,951
- Profit (loss) carried forward -€6,624
down €6,624 (-49.2%), from -€13,472 to -€20,095
- Other debts +€6,124
up €6,124 (+434.7%), from €1,409 to €7,533
- Trade debts -€5,209
down €5,209 (-20.4%), from €25,580 to €20,370
- Tax, wage and social debts +€3,129
up €3,129 (+61.4%), from €5,094 to €8,223
of which Taxes: +€2,474
- Gross operating margin +€4,851
up €4,851 (+96.6%), from €5,022 to €9,874
- Taxes +€4,670
new in 2025: €4,670
- Financial charges -€310
down €310 (-33.0%), from €939 to €630
- Other operating charges +€110
up €110 (+28.6%), from €384 to €494
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 | €50,763 | €39,232 | -€11,531 | -22.7% |
| Fixed assets | 21/28 | €20,522 | €9,815 | -€10,707 | -52.2% |
| Tangible fixed assets | 22/27 | €20,522 | €9,815 | -€10,707 | -52.2% |
| Furniture and vehicles | 24 | €20,522 | €9,815 | -€10,707 | -52.2% |
| Current assets | 29/58 | €30,241 | €29,417 | -€824 | -2.7% |
| Stocks and contracts in progress | 3 | €4,642 | €9,819 | +€5,177 | +111.5% |
| Stocks | 30/36 | €4,642 | €9,819 | +€5,177 | +111.5% |
| Amounts receivable within one year | 40/41 | €10,544 | €12,043 | +€1,500 | +14.2% |
| Trade receivables | 40 | €5,191 | €7,740 | +€2,549 | +49.1% |
| Other amounts receivable | 41 | €5,352 | €4,304 | -€1,049 | -19.6% |
| Cash at bank and in hand | 54/58 | €13,241 | €6,182 | -€7,059 | -53.3% |
| Deferred charges and accrued income | 490/1 | €1,815 | €1,373 | -€442 | -24.3% |
| Total equity and liabilities | 10/49 | €50,763 | €39,232 | -€11,531 | -22.7% |
| Equity | 10/15 | -€8,172 | -€14,795 | -€6,624 | -81.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €300 | €300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,472 | -€20,095 | -€6,624 | -49.2% |
| Amounts payable | 17/49 | €58,935 | €54,028 | -€4,907 | -8.3% |
| Amounts payable after more than one year | 17 | €17,901 | €8,951 | -€8,951 | -50.0% |
| Financial debts | 170/4 | €17,901 | €8,951 | -€8,951 | -50.0% |
| Amounts payable within one year | 42/48 | €41,033 | €45,077 | +€4,044 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €8,951 | €8,951 | = | 0.0% |
| Trade debts | 44 | €25,580 | €20,370 | -€5,209 | -20.4% |
| Suppliers | 440/4 | €25,580 | €20,370 | -€5,209 | -20.4% |
| Taxes, remuneration and social security | 45 | €5,094 | €8,223 | +€3,129 | +61.4% |
| Taxes | 450/3 | €3,094 | €5,568 | +€2,474 | +80.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,655 | +€655 | +32.8% |
| Other amounts payable | 47/48 | €1,409 | €7,533 | +€6,124 | +434.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,707 | €10,707 | = | 0.0% |
| Other operating charges | 640/8 | €384 | €494 | +€110 | +28.6% |
| Gross operating margin | 9900 | €5,022 | €9,874 | +€4,851 | +96.6% |
| Operating profit (loss) | 9901 | -€6,069 | -€1,327 | +€4,742 | +78.1% |
| Financial income | 75/76B | €79 | €2 | -€77 | -97.2% |
| Recurring financial income | 75 | €79 | €2 | -€77 | -97.2% |
| Financial charges | 65/66B | €939 | €630 | -€310 | -33.0% |
| Recurring financial charges | 65 | €939 | €630 | -€310 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,929 | -€1,954 | +€4,975 | +71.8% |
| Income taxes | 67/77 | - | €4,670 | +€4,670 | |
| Profit (loss) for the period | 9904 | -€6,929 | -€6,624 | +€305 | +4.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,929 | -€6,624 | +€305 | +4.4% |
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 9 October 2026 via checked.be.