VORMGEVERS: 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.
VORMGEVERS
Largest movements
- Cash +€11,732
up €11,732 (+15.9%), from €73,806 to €85,539
mainly Depreciation (+€33,477) and Trade debts (+€16,707)
- Tangible fixed assets +€10,694
up €10,694 (+7.3%), from €147,113 to €157,807
of which Furniture and vehicles: +€38,318
- Trade debts +€16,707
up €16,707 (+98.8%), from €16,912 to €33,619
- Other debts +€14,815
up €14,815 (+23.1%), from €64,014 to €78,828
- Debts after one year -€12,515
down €12,515 (-10.6%), from €118,530 to €106,014
- Current portion of long-term debt +€5,259
up €5,259 (+30.2%), from €17,434 to €22,694
- Depreciation +€1,115
up €1,115 (+3.4%), from €32,362 to €33,477
- Financial income +€755
up €755 (+92.3%), from €817 to €1,572
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 | €245,647 | €269,311 | +€23,664 | +9.6% |
| Fixed assets | 21/28 | €147,203 | €157,897 | +€10,694 | +7.3% |
| Tangible fixed assets | 22/27 | €147,113 | €157,807 | +€10,694 | +7.3% |
| Land and buildings | 22 | €129,373 | €113,845 | -€15,528 | -12.0% |
| Plant, machinery and equipment | 23 | €14,290 | €2,194 | -€12,096 | -84.6% |
| Furniture and vehicles | 24 | €3,450 | €41,768 | +€38,318 | +1,111% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €98,444 | €111,414 | +€12,970 | +13.2% |
| Stocks and contracts in progress | 3 | €2,160 | €2,270 | +€110 | +5.1% |
| Stocks | 30/36 | €2,160 | €2,270 | +€110 | +5.1% |
| Amounts receivable within one year | 40/41 | €20,488 | €22,780 | +€2,292 | +11.2% |
| Trade receivables | 40 | €20,465 | €17,896 | -€2,569 | -12.6% |
| Other amounts receivable | 41 | €23 | €4,883 | +€4,860 | +21,243% |
| Cash at bank and in hand | 54/58 | €73,806 | €85,539 | +€11,732 | +15.9% |
| Deferred charges and accrued income | 490/1 | €1,990 | €826 | -€1,164 | -58.5% |
| Total equity and liabilities | 10/49 | €245,647 | €269,311 | +€23,664 | +9.6% |
| Equity | 10/15 | €28,096 | €27,726 | -€370 | -1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,479 | €7,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €5,619 | €5,619 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,017 | €1,647 | -€370 | -18.4% |
| Amounts payable | 17/49 | €217,551 | €241,585 | +€24,034 | +11.0% |
| Amounts payable after more than one year | 17 | €118,530 | €106,014 | -€12,515 | -10.6% |
| Financial debts | 170/4 | €118,530 | €106,014 | -€12,515 | -10.6% |
| Amounts payable within one year | 42/48 | €99,021 | €135,571 | +€36,550 | +36.9% |
| Current portion of amounts payable after more than one year | 42 | €17,434 | €22,694 | +€5,259 | +30.2% |
| Trade debts | 44 | €16,912 | €33,619 | +€16,707 | +98.8% |
| Suppliers | 440/4 | €16,912 | €33,619 | +€16,707 | +98.8% |
| Taxes, remuneration and social security | 45 | €662 | €430 | -€232 | -35.0% |
| Taxes | 450/3 | €662 | €430 | -€232 | -35.0% |
| Other amounts payable | 47/48 | €64,014 | €78,828 | +€14,815 | +23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,362 | €33,477 | +€1,115 | +3.4% |
| Other operating charges | 640/8 | €7,419 | €7,604 | +€186 | +2.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €42,920 | €42,503 | -€418 | -1.0% |
| Operating profit (loss) | 9901 | €3,139 | €1,421 | -€1,718 | -54.7% |
| Financial income | 75/76B | €817 | €1,572 | +€755 | +92.3% |
| Recurring financial income | 75 | €817 | €1,572 | +€755 | +92.3% |
| Financial charges | 65/66B | €3,074 | €2,991 | -€83 | -2.7% |
| Recurring financial charges | 65 | €3,074 | €2,991 | -€83 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €882 | €2 | -€880 | -99.8% |
| Income taxes | 67/77 | €591 | €372 | -€218 | -37.0% |
| Profit (loss) for the period | 9904 | €292 | -€370 | -€662 | |
| Profit (loss) for the period to be appropriated | 9905 | €292 | -€370 | -€662 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.