Fin Concept: what changed
Two fiscal 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.
What changed
Fin Concept
NACE 64.210, Activities of holding companies
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€2,604
2023 · -€28,629+€26,026
Equity
€1.7m
2023 · €1.7m-€12,604
Cash
€16,309
2023 · €10,468+€5,841
Balance sheet total
€1.8m
2023 · €1.8m-€32,605
Largest movements
Assets
- Receivables within one year -€30,104
down €30,104 (-83.8%), from €35,940 to €5,836
of which Trade receivables: -€32,044
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin +€23,468
up €23,468 (+238.4%), from €9,844 to €33,312
- Financial charges -€1,526
down €1,526 (-19.2%), from €7,948 to €6,422
- Other operating charges -€472
down €472 (-7.2%), from €6,572 to €6,100
From the 2023 result to the 2024 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.
Result 2023
-€28,629
Gross operating margin
+€23,468
Staff costs
+€268
Depreciation
+€266
Other operating charges
+€472
Financial income
+€14
Financial charges
+€1,526
Taxes
+€11
Result 2024
-€2,604
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€32,346
Investment
-€3,171
Financing
-€23,333
Cash 2023
€10,468
From operations (derived)
+€32,346
Net result for the year
-€2,604
Depreciation
+€19,768
Receivables within one year
+€30,104
Deferred charges and accrued income
-€8,254
Trade debts
+€3,202
Tax, wage and social debts
-€16,375
Other debts
+€6,505
Investment (derived)
-€3,171
Investment in fixed assets (net)
-€3,171
Financing
-€23,333
Current portion of long-term debt
-€13,333
Contributions, distributions and other
-€10,000
Cash 2024
€16,309
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,818,212 | €1,785,606 | -€32,605 | -1.8% |
| Fixed assets | 21/28 | €1,768,132 | €1,751,535 | -€16,597 | -0.9% |
| Tangible fixed assets | 22/27 | €475,992 | €459,395 | -€16,597 | -3.5% |
| Land and buildings | 22 | €455,763 | €441,947 | -€13,816 | -3.0% |
| Furniture and vehicles | 24 | €20,229 | €17,448 | -€2,781 | -13.7% |
| Financial fixed assets | 28 | €1,292,140 | €1,292,140 | = | 0.0% |
| Current assets | 29/58 | €50,080 | €34,071 | -€16,009 | -32.0% |
| Amounts receivable within one year | 40/41 | €35,940 | €5,836 | -€30,104 | -83.8% |
| Trade receivables | 40 | €32,286 | €242 | -€32,044 | -99.3% |
| Other amounts receivable | 41 | €3,654 | €5,594 | +€1,940 | +53.1% |
| Cash at bank and in hand | 54/58 | €10,468 | €16,309 | +€5,841 | +55.8% |
| Deferred charges and accrued income | 490/1 | €3,672 | €11,927 | +€8,254 | +224.8% |
| Total equity and liabilities | 10/49 | €1,818,212 | €1,785,606 | -€32,605 | -1.8% |
| Equity | 10/15 | €1,694,377 | €1,681,773 | -€12,604 | -0.7% |
| Contributions | 10/11 | €1,328,471 | €1,328,471 | = | 0.0% |
| Reserves | 13 | €394,535 | €384,535 | -€10,000 | -2.5% |
| Distributable reserves | 133 | €394,535 | €384,535 | -€10,000 | -2.5% |
| Profit (loss) carried forward | 14 | -€28,629 | -€31,233 | -€2,604 | -9.1% |
| Amounts payable | 17/49 | €123,835 | €103,833 | -€20,001 | -16.2% |
| Amounts payable within one year | 42/48 | €123,835 | €103,833 | -€20,001 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €75,199 | €61,865 | -€13,333 | -17.7% |
| Trade debts | 44 | €18,600 | €21,802 | +€3,202 | +17.2% |
| Suppliers | 440/4 | €18,600 | €21,802 | +€3,202 | +17.2% |
| Taxes, remuneration and social security | 45 | €21,541 | €5,166 | -€16,375 | -76.0% |
| Taxes | 450/3 | €21,541 | €5,166 | -€16,375 | -76.0% |
| Other amounts payable | 47/48 | €8,495 | €15,000 | +€6,505 | +76.6% |
| Remuneration, social security and pensions | 62 | €3,674 | €3,406 | -€268 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,034 | €19,768 | -€266 | -1.3% |
| Other operating charges | 640/8 | €6,572 | €6,100 | -€472 | -7.2% |
| Gross operating margin | 9900 | €9,844 | €33,312 | +€23,468 | +238.4% |
| Operating profit (loss) | 9901 | -€20,436 | €4,038 | +€24,474 | |
| Financial income | 75/76B | €28 | €42 | +€14 | +50.2% |
| Recurring financial income | 75 | €28 | €42 | +€14 | +50.2% |
| Financial charges | 65/66B | €7,948 | €6,422 | -€1,526 | -19.2% |
| Recurring financial charges | 65 | €7,948 | €6,422 | -€1,526 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€28,357 | -€2,343 | +€26,014 | +91.7% |
| Income taxes | 67/77 | €273 | €261 | -€11 | -4.2% |
| Profit (loss) for the period | 9904 | -€28,629 | -€2,604 | +€26,026 | +90.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,629 | -€2,604 | +€26,026 | +90.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.