Fin@ssur: 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.
Fin@ssur
Largest movements
- Current investments -€330,000
down €330,000 (-82.7%), from €399,222 to €69,222
- Cash +€311,105
up €311,105 (+271.8%), from €114,444 to €425,549
mainly Current investments (+€330,000) and Net result for the year (+€76,180)
- Tangible fixed assets -€19,813
down €19,813 (-18.5%), from €107,358 to €87,545
of which Furniture and vehicles: -€13,928
- Tax, wage and social debts -€43,236
down €43,236 (-86.1%), from €50,239 to €7,002
- Other debts +€34,599
up €34,599 (+24.5%), from €141,076 to €175,675
- Gross operating margin +€14,496
up €14,496 (+12.5%), from €116,376 to €130,872
- Taxes +€11,442
up €11,442 (+34.2%), from €33,469 to €44,911
- Financial income -€3,313
down €3,313 (-17.2%), from €19,292 to €15,979
- Financial charges -€1,420
down €1,420 (-23.8%), from €5,975 to €4,555
- Depreciation +€1,408
up €1,408 (+7.7%), from €18,405 to €19,813
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.
Cash bridge derived
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 | €1,360,223 | €1,323,957 | -€36,266 | -2.7% |
| Fixed assets | 21/28 | €431,358 | €416,545 | -€14,813 | -3.4% |
| Tangible fixed assets | 22/27 | €107,358 | €87,545 | -€19,813 | -18.5% |
| Land and buildings | 22 | €86,572 | €80,686 | -€5,885 | -6.8% |
| Furniture and vehicles | 24 | €20,786 | €6,859 | -€13,928 | -67.0% |
| Financial fixed assets | 28 | €324,000 | €329,000 | +€5,000 | +1.5% |
| Current assets | 29/58 | €928,865 | €907,412 | -€21,453 | -2.3% |
| Amounts receivable after more than one year | 29 | €409,667 | €409,667 | = | 0.0% |
| Other amounts receivable | 291 | €409,667 | €409,667 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,775 | €0 | -€2,775 | -100.0% |
| Other amounts receivable | 41 | €2,775 | €0 | -€2,775 | -100.0% |
| Current investments | 50/53 | €399,222 | €69,222 | -€330,000 | -82.7% |
| Cash at bank and in hand | 54/58 | €114,444 | €425,549 | +€311,105 | +271.8% |
| Deferred charges and accrued income | 490/1 | €2,758 | €2,974 | +€216 | +7.8% |
| Total equity and liabilities | 10/49 | €1,360,223 | €1,323,957 | -€36,266 | -2.7% |
| Equity | 10/15 | €1,134,694 | €1,124,472 | -€10,222 | -0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,116,094 | €1,105,872 | -€10,222 | -0.9% |
| Tax-exempt reserves | 132 | €126,300 | €126,300 | = | 0.0% |
| Distributable reserves | 133 | €989,794 | €979,572 | -€10,222 | -1.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €225,529 | €199,485 | -€26,044 | -11.5% |
| Amounts payable after more than one year | 17 | €10,587 | €2,822 | -€7,766 | -73.4% |
| Financial debts | 170/4 | €10,587 | €2,822 | -€7,766 | -73.4% |
| Amounts payable within one year | 42/48 | €210,336 | €193,006 | -€17,330 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €15,586 | €7,766 | -€7,820 | -50.2% |
| Financial debts | 43 | €2,111 | €2,119 | +€8 | +0.4% |
| Credit institutions | 430/8 | €2,111 | €2,119 | +€8 | +0.4% |
| Trade debts | 44 | €1,324 | €444 | -€880 | -66.4% |
| Suppliers | 440/4 | €1,324 | €444 | -€880 | -66.4% |
| Taxes, remuneration and social security | 45 | €50,239 | €7,002 | -€43,236 | -86.1% |
| Taxes | 450/3 | €50,239 | €7,002 | -€43,236 | -86.1% |
| Other amounts payable | 47/48 | €141,076 | €175,675 | +€34,599 | +24.5% |
| Accrued charges and deferred income | 492/3 | €4,606 | €3,657 | -€949 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,405 | €19,813 | +€1,408 | +7.7% |
| Other operating charges | 640/8 | €2,771 | €1,392 | -€1,379 | -49.8% |
| Gross operating margin | 9900 | €116,376 | €130,872 | +€14,496 | +12.5% |
| Operating profit (loss) | 9901 | €95,200 | €109,667 | +€14,467 | +15.2% |
| Financial income | 75/76B | €19,292 | €15,979 | -€3,313 | -17.2% |
| Recurring financial income | 75 | €19,292 | €15,979 | -€3,313 | -17.2% |
| Financial charges | 65/66B | €5,975 | €4,555 | -€1,420 | -23.8% |
| Recurring financial charges | 65 | €5,975 | €4,555 | -€1,420 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €108,517 | €121,091 | +€12,574 | +11.6% |
| Income taxes | 67/77 | €33,469 | €44,911 | +€11,442 | +34.2% |
| Profit (loss) for the period | 9904 | €75,049 | €76,180 | +€1,131 | +1.5% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €75,049 | €76,180 | +€1,131 | +1.5% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.