FIN-esse: 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-esse
Largest movements
- Receivables within one year +€38,107
up €38,107 (+90.4%), from €42,151 to €80,258
of which Trade receivables: +€25,338
- Tangible fixed assets +€9,101
up €9,101 (+135%), from €6,744 to €15,845
of which Furniture and vehicles: +€9,669
- Reserves +€50,200
up €50,200 (+18.0%), from €278,808 to €329,008
of which Distributable reserves: +€50,200
- Trade debts -€8,011
down €8,011 (-59.2%), from €13,522 to €5,511
- Gross operating margin +€3,927
up €3,927 (+5.2%), from €76,225 to €80,152
- Depreciation +€2,020
up €2,020 (+27.1%), from €7,442 to €9,462
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 | €447,746 | €491,644 | +€43,897 | +9.8% |
| Fixed assets | 21/28 | €156,313 | €165,665 | +€9,351 | +6.0% |
| Tangible fixed assets | 22/27 | €6,744 | €15,845 | +€9,101 | +135% |
| Plant, machinery and equipment | 23 | €4,099 | €3,531 | -€568 | -13.8% |
| Furniture and vehicles | 24 | €2,645 | €12,314 | +€9,669 | +366% |
| Financial fixed assets | 28 | €149,570 | €149,820 | +€250 | +0.2% |
| Current assets | 29/58 | €291,433 | €325,979 | +€34,546 | +11.9% |
| Amounts receivable within one year | 40/41 | €42,151 | €80,258 | +€38,107 | +90.4% |
| Trade receivables | 40 | €31,603 | €56,941 | +€25,338 | +80.2% |
| Other amounts receivable | 41 | €10,548 | €23,317 | +€12,769 | +121% |
| Current investments | 50/53 | €57,091 | €56,878 | -€214 | -0.4% |
| Cash at bank and in hand | 54/58 | €187,166 | €183,612 | -€3,554 | -1.9% |
| Deferred charges and accrued income | 490/1 | €5,024 | €5,231 | +€207 | +4.1% |
| Total equity and liabilities | 10/49 | €447,746 | €491,644 | +€43,897 | +9.8% |
| Equity | 10/15 | €423,694 | €473,035 | +€49,341 | +11.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €278,808 | €329,008 | +€50,200 | +18.0% |
| 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 | €276,948 | €327,148 | +€50,200 | +18.1% |
| Profit (loss) carried forward | 14 | €132,486 | €131,627 | -€859 | -0.6% |
| Amounts payable | 17/49 | €24,052 | €18,609 | -€5,443 | -22.6% |
| Amounts payable within one year | 42/48 | €23,664 | €18,609 | -€5,056 | -21.4% |
| Trade debts | 44 | €13,522 | €5,511 | -€8,011 | -59.2% |
| Suppliers | 440/4 | €13,522 | €5,511 | -€8,011 | -59.2% |
| Taxes, remuneration and social security | 45 | €10,142 | €13,098 | +€2,955 | +29.1% |
| Taxes | 450/3 | €4,896 | €4,134 | -€762 | -15.6% |
| Remuneration and social security | 454/9 | €5,246 | €8,964 | +€3,717 | +70.8% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,442 | €9,462 | +€2,020 | +27.1% |
| Other operating charges | 640/8 | €117 | €127 | +€10 | +8.3% |
| Gross operating margin | 9900 | €76,225 | €80,152 | +€3,927 | +5.2% |
| Operating profit (loss) | 9901 | €68,666 | €70,563 | +€1,897 | +2.8% |
| Financial income | 75/76B | €271 | €484 | +€214 | +79.0% |
| Recurring financial income | 75 | €271 | €484 | +€214 | +79.0% |
| Financial charges | 65/66B | €1,757 | €1,343 | -€413 | -23.5% |
| Recurring financial charges | 65 | €1,757 | €1,343 | -€413 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €67,180 | €69,704 | +€2,524 | +3.8% |
| Income taxes | 67/77 | €18,893 | €19,504 | +€612 | +3.2% |
| Profit (loss) for the period | 9904 | €48,287 | €50,200 | +€1,913 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,287 | €50,200 | +€1,913 | +4.0% |
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 16 October 2026 via checked.be.