FIN@VISE: 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@VISE
Largest movements
- Cash +€116,060
up €116,060 (+429%), from €27,072 to €143,132
mainly Net result for the year (+€117,357) and Current investments (+€61,535)
- Current investments -€61,535
down €61,535 (-21.9%), from €281,586 to €220,051
- Tangible fixed assets -€26,213
down €26,213 (-4.7%), from €557,304 to €531,091
of which Land and buildings: -€17,683
- Reserves +€117,357
up €117,357 (+21.0%), from €558,622 to €675,979
- Other debts -€89,797
down €89,797 (-53.3%), from €168,464 to €78,667
- Trade debts +€28,535
up €28,535 (+2,383%), from €1,197 to €29,732
- Tax, wage and social debts -€14,739
down €14,739 (-69.7%), from €21,134 to €6,395
- Debts after one year -€13,524
down €13,524 (-10.9%), from €124,482 to €110,958
- Gross operating margin -€46,587
down €46,587 (-17.9%), from €260,315 to €213,728
- Taxes -€14,007
down €14,007 (-20.2%), from €69,386 to €55,379
- Financial charges +€8,203
up €8,203 (+90.6%), from €9,054 to €17,256
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 | €905,819 | €934,167 | +€28,349 | +3.1% |
| Fixed assets | 21/28 | €557,304 | €531,091 | -€26,213 | -4.7% |
| Tangible fixed assets | 22/27 | €557,304 | €531,091 | -€26,213 | -4.7% |
| Land and buildings | 22 | €548,774 | €531,091 | -€17,683 | -3.2% |
| Furniture and vehicles | 24 | €8,529 | €0 | -€8,529 | -100% |
| Current assets | 29/58 | €348,515 | €403,076 | +€54,561 | +15.7% |
| Amounts receivable within one year | 40/41 | €37,361 | €37,426 | +€65 | +0.2% |
| Trade receivables | 40 | €16,502 | €15,708 | -€794 | -4.8% |
| Other amounts receivable | 41 | €20,859 | €21,718 | +€859 | +4.1% |
| Current investments | 50/53 | €281,586 | €220,051 | -€61,535 | -21.9% |
| Cash at bank and in hand | 54/58 | €27,072 | €143,132 | +€116,060 | +429% |
| Deferred charges and accrued income | 490/1 | €2,496 | €2,468 | -€29 | -1.1% |
| Total equity and liabilities | 10/49 | €905,819 | €934,167 | +€28,349 | +3.1% |
| Equity | 10/15 | €577,222 | €694,579 | +€117,357 | +20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €558,622 | €675,979 | +€117,357 | +21.0% |
| Distributable reserves | 133 | €558,622 | €675,979 | +€117,357 | +21.0% |
| Amounts payable | 17/49 | €328,597 | €239,588 | -€89,009 | -27.1% |
| Amounts payable after more than one year | 17 | €124,482 | €110,958 | -€13,524 | -10.9% |
| Financial debts | 170/4 | €124,482 | €110,958 | -€13,524 | -10.9% |
| Amounts payable within one year | 42/48 | €203,803 | €128,318 | -€75,485 | -37.0% |
| Current portion of amounts payable after more than one year | 42 | €13,008 | €13,524 | +€516 | +4.0% |
| Trade debts | 44 | €1,197 | €29,732 | +€28,535 | +2,383% |
| Suppliers | 440/4 | €1,197 | €29,732 | +€28,535 | +2,383% |
| Taxes, remuneration and social security | 45 | €21,134 | €6,395 | -€14,739 | -69.7% |
| Taxes | 450/3 | €21,134 | €6,395 | -€14,739 | -69.7% |
| Other amounts payable | 47/48 | €168,464 | €78,667 | -€89,797 | -53.3% |
| Accrued charges and deferred income | 492/3 | €312 | €312 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,815 | €26,213 | -€2,602 | -9.0% |
| Other operating charges | 640/8 | €4,583 | €5,109 | +€526 | +11.5% |
| Gross operating margin | 9900 | €260,315 | €213,728 | -€46,587 | -17.9% |
| Operating profit (loss) | 9901 | €226,917 | €182,406 | -€44,511 | -19.6% |
| Financial income | 75/76B | €6,927 | €7,587 | +€659 | +9.5% |
| Recurring financial income | 75 | €6,927 | €7,587 | +€659 | +9.5% |
| Financial charges | 65/66B | €9,054 | €17,256 | +€8,203 | +90.6% |
| Recurring financial charges | 65 | €9,054 | €17,256 | +€8,203 | +90.6% |
| Profit (loss) for the period before taxes | 9903 | €224,791 | €172,736 | -€52,054 | -23.2% |
| Income taxes | 67/77 | €69,386 | €55,379 | -€14,007 | -20.2% |
| Profit (loss) for the period | 9904 | €155,405 | €117,357 | -€38,048 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €155,405 | €117,357 | -€38,048 | -24.5% |
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 23 October 2026 via checked.be.