FORMA.: what changed
What changed
FORMA.
NACE 47.551, Retail sale of household furniture
filed annual accounts (NBB)
Net result for the year
€175,754
2024 · €128,138+€47,616
Equity
€647,768
2024 · €642,014+€5,754
Cash
€458,124
2024 · €428,167+€29,957
Balance sheet total
€1.3m
2024 · €1.4m-€131,576
Largest movements
Assets
- Stocks and contracts -€247,632
down €247,632 (-77.0%), from €321,422 to €73,790
- Receivables within one year +€89,787
up €89,787 (+16.2%), from €553,332 to €643,120
of which Trade receivables: +€170,752
- Cash +€29,957
up €29,957 (+7.0%), from €428,167 to €458,124
mainly Stocks and contracts (+€247,632) and Trade debts (+€208,491)
Equity and liabilities
- Advances received -€234,316
down €234,316 (-69.1%), from €338,982 to €104,666
- Trade debts +€208,491
up €208,491 (+104%), from €200,112 to €408,603
- Tax, wage and social debts -€108,724
down €108,724 (-63.1%), from €172,284 to €63,560
of which Taxes: -€110,510
- Current portion of long-term debt -€13,906
down €13,906 (-42.8%), from €32,475 to €18,570
Income statement
- Gross operating margin +€111,394
up €111,394 (+19.0%), from €585,380 to €696,774
- Staff costs +€41,468
up €41,468 (+10.8%), from €382,309 to €423,777
- Taxes +€35,988
up €35,988 (+109%), from €32,933 to €68,921
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€128,138
Gross operating margin
+€111,394
Staff costs
-€41,468
Depreciation
+€2,231
Other operating charges
+€6,739
Financial income
+€2,464
Financial charges
+€2,245
Taxes
-€35,988
Result 2025
€175,754
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€226,994
Investment
-€13,131
Financing
-€183,906
Cash 2024
€428,167
From operations (derived)
+€226,994
Net result for the year
+€175,754
Depreciation
+€23,610
Stocks and contracts
+€247,632
Receivables within one year
-€89,787
Deferred charges and accrued income
-€6,790
Trade debts
+€208,491
Tax, wage and social debts
-€108,724
Advances received
-€234,316
Other debts
+€12,062
Accrued charges and deferred income
-€938
Investment (derived)
-€13,131
Investment in fixed assets (net)
-€13,131
Financing
-€183,906
Current portion of long-term debt
-€13,906
Contributions, distributions and other
-€170,000
Cash 2025
€458,124
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,386,805 | €1,255,229 | -€131,576 | -9.5% |
| Fixed assets | 21/28 | €70,230 | €59,751 | -€10,479 | -14.9% |
| Intangible fixed assets | 21 | €12,790 | €9,671 | -€3,119 | -24.4% |
| Tangible fixed assets | 22/27 | €51,401 | €44,193 | -€7,208 | -14.0% |
| Plant, machinery and equipment | 23 | €850 | €1,314 | +€464 | +54.6% |
| Furniture and vehicles | 24 | €23,364 | €11,447 | -€11,917 | -51.0% |
| Other tangible fixed assets | 26 | €27,188 | €31,432 | +€4,244 | +15.6% |
| Financial fixed assets | 28 | €6,039 | €5,887 | -€152 | -2.5% |
| Current assets | 29/58 | €1,316,575 | €1,195,478 | -€121,097 | -9.2% |
| Stocks and contracts in progress | 3 | €321,422 | €73,790 | -€247,632 | -77.0% |
| Stocks | 30/36 | €321,422 | €73,790 | -€247,632 | -77.0% |
| Amounts receivable within one year | 40/41 | €553,332 | €643,120 | +€89,787 | +16.2% |
| Trade receivables | 40 | €398,223 | €568,976 | +€170,752 | +42.9% |
| Other amounts receivable | 41 | €155,109 | €74,144 | -€80,965 | -52.2% |
| Cash at bank and in hand | 54/58 | €428,167 | €458,124 | +€29,957 | +7.0% |
| Deferred charges and accrued income | 490/1 | €13,654 | €20,445 | +€6,790 | +49.7% |
| Total equity and liabilities | 10/49 | €1,386,805 | €1,255,229 | -€131,576 | -9.5% |
| Equity | 10/15 | €642,014 | €647,768 | +€5,754 | +0.9% |
| Reserves | 13 | €16,735 | €16,735 | = | 0.0% |
| Distributable reserves | 133 | €16,735 | €16,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | €625,278 | €631,033 | +€5,754 | +0.9% |
| Amounts payable | 17/49 | €744,791 | €607,461 | -€137,331 | -18.4% |
| Amounts payable within one year | 42/48 | €743,853 | €607,461 | -€136,393 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €32,475 | €18,570 | -€13,906 | -42.8% |
| Trade debts | 44 | €200,112 | €408,603 | +€208,491 | +104% |
| Suppliers | 440/4 | €200,112 | €408,603 | +€208,491 | +104% |
| Advances received on contracts in progress | 46 | €338,982 | €104,666 | -€234,316 | -69.1% |
| Taxes, remuneration and social security | 45 | €172,284 | €63,560 | -€108,724 | -63.1% |
| Taxes | 450/3 | €132,375 | €21,864 | -€110,510 | -83.5% |
| Remuneration and social security | 454/9 | €39,910 | €41,696 | +€1,786 | +4.5% |
| Other amounts payable | 47/48 | - | €12,062 | +€12,062 | |
| Accrued charges and deferred income | 492/3 | €938 | - | -€938 | |
| Remuneration, social security and pensions | 62 | €382,309 | €423,777 | +€41,468 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,841 | €23,610 | -€2,231 | -8.6% |
| Other operating charges | 640/8 | €13,773 | €7,034 | -€6,739 | -48.9% |
| Gross operating margin | 9900 | €585,380 | €696,774 | +€111,394 | +19.0% |
| Operating profit (loss) | 9901 | €163,458 | €242,353 | +€78,895 | +48.3% |
| Financial income | 75/76B | €3,357 | €5,820 | +€2,464 | +73.4% |
| Recurring financial income | 75 | €3,357 | €5,820 | +€2,464 | +73.4% |
| Financial charges | 65/66B | €5,744 | €3,499 | -€2,245 | -39.1% |
| Recurring financial charges | 65 | €5,744 | €3,499 | -€2,245 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €161,071 | €244,675 | +€83,604 | +51.9% |
| Income taxes | 67/77 | €32,933 | €68,921 | +€35,988 | +109% |
| Profit (loss) for the period | 9904 | €128,138 | €175,754 | +€47,616 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €128,138 | €175,754 | +€47,616 | +37.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.