FIN'ANS: 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.
FIN'ANS
Largest movements
- Tangible fixed assets -€9,031
down €9,031 (-45.4%), from €19,878 to €10,847
of which Land and buildings: -€7,311
- Intangible fixed assets +€6,058
up €6,058, from €0 to €6,058
- Deferred charges and accrued income -€3,028
down €3,028 (-17.2%), from €17,624 to €14,596
- Trade debts +€21,569
up €21,569 (+91.0%), from €23,696 to €45,265
- Debts after one year -€15,774
down €15,774 (-45.6%), from €34,562 to €18,788
- Profit (loss) carried forward -€13,495
down €13,495, from €9,517 to -€3,977
- Tax, wage and social debts +€3,200
up €3,200 (+14.5%), from €22,074 to €25,274
of which Remuneration and social security: +€5,533
- Short-term financial debts -€1,874
down €1,874 (-5.1%), from €36,473 to €34,599
- Staff costs +€18,499
up €18,499 (+15.3%), from €121,294 to €139,793
- Taxes -€12,345
down €12,345 (-66.5%), from €18,556 to €6,211
- Other operating charges -€11,019
down €11,019 (-78.6%), from €14,023 to €3,004
- Financial charges +€3,800
up €3,800 (+38.3%), from €9,922 to €13,723
- Gross operating margin +€2,353
up €2,353 (+1.5%), from €156,229 to €158,582
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 | €186,417 | €178,474 | -€7,943 | -4.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €21,728 | €18,756 | -€2,973 | -13.7% |
| Intangible fixed assets | 21 | €0 | €6,058 | +€6,058 | |
| Tangible fixed assets | 22/27 | €19,878 | €10,847 | -€9,031 | -45.4% |
| Land and buildings | 22 | €14,623 | €7,312 | -€7,311 | -50.0% |
| Plant, machinery and equipment | 23 | €3,583 | €2,687 | -€896 | -25.0% |
| Furniture and vehicles | 24 | €1,673 | €848 | -€825 | -49.3% |
| Financial fixed assets | 28 | €1,850 | €1,850 | = | 0.0% |
| Current assets | 29/58 | €164,688 | €159,718 | -€4,970 | -3.0% |
| Amounts receivable within one year | 40/41 | €146,447 | €145,117 | -€1,331 | -0.9% |
| Trade receivables | 40 | €121,030 | €121,199 | +€169 | +0.1% |
| Other amounts receivable | 41 | €25,417 | €23,918 | -€1,500 | -5.9% |
| Cash at bank and in hand | 54/58 | €617 | €6 | -€611 | -99.1% |
| Deferred charges and accrued income | 490/1 | €17,624 | €14,596 | -€3,028 | -17.2% |
| Total equity and liabilities | 10/49 | €186,417 | €178,474 | -€7,943 | -4.3% |
| Equity | 10/15 | €48,117 | €34,623 | -€13,495 | -28.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,517 | -€3,977 | -€13,495 | |
| Amounts payable | 17/49 | €138,299 | €143,851 | +€5,552 | +4.0% |
| Amounts payable after more than one year | 17 | €34,562 | €18,788 | -€15,774 | -45.6% |
| Financial debts | 170/4 | €34,562 | €18,788 | -€15,774 | -45.6% |
| Amounts payable within one year | 42/48 | €103,738 | €124,838 | +€21,100 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €21,495 | €19,700 | -€1,795 | -8.4% |
| Financial debts | 43 | €36,473 | €34,599 | -€1,874 | -5.1% |
| Credit institutions | 430/8 | €36,473 | €34,599 | -€1,874 | -5.1% |
| Trade debts | 44 | €23,696 | €45,265 | +€21,569 | +91.0% |
| Suppliers | 440/4 | €23,696 | €45,265 | +€21,569 | +91.0% |
| Taxes, remuneration and social security | 45 | €22,074 | €25,274 | +€3,200 | +14.5% |
| Taxes | 450/3 | €12,523 | €10,189 | -€2,333 | -18.6% |
| Remuneration and social security | 454/9 | €9,551 | €15,084 | +€5,533 | +57.9% |
| Accrued charges and deferred income | 492/3 | €0 | €225 | +€225 | |
| Remuneration, social security and pensions | 62 | €121,294 | €139,793 | +€18,499 | +15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,329 | €9,386 | +€57 | +0.6% |
| Other operating charges | 640/8 | €14,023 | €3,004 | -€11,019 | -78.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €156,229 | €158,582 | +€2,353 | +1.5% |
| Operating profit (loss) | 9901 | €11,583 | €6,399 | -€5,184 | -44.8% |
| Financial income | 75/76B | €0 | €40 | +€40 | |
| Recurring financial income | 75 | €0 | €40 | +€40 | |
| Financial charges | 65/66B | €9,922 | €13,723 | +€3,800 | +38.3% |
| Recurring financial charges | 65 | €9,922 | €13,723 | +€3,800 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | €1,661 | -€7,284 | -€8,945 | |
| Income taxes | 67/77 | €18,556 | €6,211 | -€12,345 | -66.5% |
| Profit (loss) for the period | 9904 | -€16,896 | -€13,495 | +€3,401 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,896 | -€13,495 | +€3,401 | +20.1% |
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 28 October 2026 via checked.be.