FORMATIONS REPERE: what changed
FORMATIONS REPERE
Largest movements
- Receivables within one year -€47,970
down €47,970 (-17.8%), from €270,149 to €222,178
of which Other amounts receivable: -€27,520
- Cash +€18,026
up €18,026 (+113%), from €15,990 to €34,015
mainly Receivables within one year (+€47,970) and Tax, wage and social debts (+€47,916)
- Deferred charges and accrued income -€7,347
down €7,347 (-100%), from €7,347 to €0
- Intangible fixed assets -€5,364
down €5,364 (-27.7%), from €19,386 to €14,022
- Tax, wage and social debts +€47,916
up €47,916 (+119%), from €40,231 to €88,147
of which Remuneration and social security: +€31,591
- Profit (loss) carried forward -€44,930
down €44,930 (-44.2%), from €101,642 to €56,712
- Trade debts -€39,552
down €39,552 (-56.4%), from €70,100 to €30,547
- Short-term financial debts -€16,351
down €16,351 (-17.9%), from €91,351 to €75,000
- Current portion of long-term debt +€8,823
new in 2025: €8,823
- Gross operating margin +€84,819
up €84,819 (+82.0%), from €103,475 to €188,294
- Staff costs +€64,417
up €64,417 (+79.6%), from €80,962 to €145,379
- Turnover +€50,325
up €50,325 (+8.1%), from €624,205 to €674,530
- Purchases and services -€16,675
down €16,675 (-3.2%), from €522,190 to €505,515
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €322,864 | €277,829 | -€45,034 | -13.9% |
| Fixed assets | 21/28 | €29,378 | €21,636 | -€7,743 | -26.4% |
| Intangible fixed assets | 21 | €19,386 | €14,022 | -€5,364 | -27.7% |
| Tangible fixed assets | 22/27 | €8,814 | €6,435 | -€2,378 | -27.0% |
| Plant, machinery and equipment | 23 | €877 | €646 | -€231 | -26.3% |
| Furniture and vehicles | 24 | €3,457 | €2,565 | -€892 | -25.8% |
| Other tangible fixed assets | 26 | €4,479 | €3,224 | -€1,256 | -28.0% |
| Financial fixed assets | 28 | €1,179 | €1,179 | = | 0.0% |
| Current assets | 29/58 | €293,485 | €256,194 | -€37,292 | -12.7% |
| Amounts receivable within one year | 40/41 | €270,149 | €222,178 | -€47,970 | -17.8% |
| Trade receivables | 40 | €122,385 | €101,934 | -€20,450 | -16.7% |
| Other amounts receivable | 41 | €147,764 | €120,244 | -€27,520 | -18.6% |
| Cash at bank and in hand | 54/58 | €15,990 | €34,015 | +€18,026 | +113% |
| Deferred charges and accrued income | 490/1 | €7,347 | €0 | -€7,347 | -100% |
| Total equity and liabilities | 10/49 | €322,864 | €277,829 | -€45,034 | -13.9% |
| Equity | 10/15 | €121,182 | €75,312 | -€45,870 | -37.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €940 | - | -€940 | |
| Non-distributable reserves | 130/1 | €940 | - | -€940 | |
| Reserves not available under the articles | 1311 | €940 | - | -€940 | |
| Profit (loss) carried forward | 14 | €101,642 | €56,712 | -€44,930 | -44.2% |
| Amounts payable | 17/49 | €201,682 | €202,517 | +€836 | +0.4% |
| Amounts payable within one year | 42/48 | €201,682 | €202,517 | +€836 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | - | €8,823 | +€8,823 | |
| Financial debts | 43 | €91,351 | €75,000 | -€16,351 | -17.9% |
| Credit institutions | 430/8 | €91,351 | €75,000 | -€16,351 | -17.9% |
| Trade debts | 44 | €70,100 | €30,547 | -€39,552 | -56.4% |
| Suppliers | 440/4 | €70,100 | €30,547 | -€39,552 | -56.4% |
| Taxes, remuneration and social security | 45 | €40,231 | €88,147 | +€47,916 | +119% |
| Taxes | 450/3 | €24,041 | €40,366 | +€16,324 | +67.9% |
| Remuneration and social security | 454/9 | €16,190 | €47,782 | +€31,591 | +195% |
| Turnover | 70 | €624,205 | €674,530 | +€50,325 | +8.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €522,190 | €505,515 | -€16,675 | -3.2% |
| Remuneration, social security and pensions | 62 | €80,962 | €145,379 | +€64,417 | +79.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,962 | €7,743 | +€2,781 | +56.0% |
| Other operating charges | 640/8 | €2,669 | €1,644 | -€1,025 | -38.4% |
| Gross operating margin | 9900 | €103,475 | €188,294 | +€84,819 | +82.0% |
| Operating profit (loss) | 9901 | €14,882 | €33,529 | +€18,647 | +125% |
| Financial income | 75/76B | €477 | €65 | -€411 | -86.3% |
| Recurring financial income | 75 | €477 | €65 | -€411 | -86.3% |
| Financial charges | 65/66B | €1,969 | €7,941 | +€5,973 | +303% |
| Recurring financial charges | 65 | €1,969 | €7,941 | +€5,973 | +303% |
| Profit (loss) for the period before taxes | 9903 | €13,390 | €25,653 | +€12,263 | +91.6% |
| Income taxes | 67/77 | €8,374 | €5,583 | -€2,790 | -33.3% |
| Profit (loss) for the period | 9904 | €5,017 | €20,070 | +€15,053 | +300% |
| Profit (loss) for the period to be appropriated | 9905 | €5,017 | €20,070 | +€15,053 | +300% |
Next steps
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 3 November 2026 via checked.be.