FINAC: 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.
FINAC
Largest movements
- Cash -€523,680
down €523,680 (-31.5%), from €1.7m to €1.1m
mainly Other debts (-€719,742) and Contributions, distributions and other (-€380,258)
- Current investments -€430,000
down €430,000 (-100.0%), from €430,000 to €0
- Deferred charges and accrued income +€217,461
up €217,461 (+173.2%), from €125,524 to €342,985
- Other debts -€719,742
down €719,742 (-65.4%), from €1.1m to €380,258
- Reserves -€100,992
down €100,992 (-94.2%), from €107,192 to €6,200
of which Distributable reserves: -€100,992
- Tax, wage and social debts +€32,738
up €32,738 (+7.0%), from €470,211 to €502,949
of which Remuneration and social security: +€32,738
- Trade debts -€28,159
down €28,159 (-13.7%), from €205,288 to €177,129
- Staff costs +€202,586
up €202,586 (+7.3%), from €2.8m to €3.0m
- Gross operating margin +€75,741
up €75,741 (+2.3%), from €3.4m to €3.4m
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 | €2,374,377 | €1,600,445 | -€773,932 | -32.6% |
| Fixed assets | 21/28 | €76,268 | €57,821 | -€18,447 | -24.2% |
| Tangible fixed assets | 22/27 | €76,268 | €57,821 | -€18,447 | -24.2% |
| Plant, machinery and equipment | 23 | €56,167 | €41,500 | -€14,667 | -26.1% |
| Furniture and vehicles | 24 | €19,186 | €15,634 | -€3,552 | -18.5% |
| Other tangible fixed assets | 26 | €916 | €687 | -€229 | -25.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,298,109 | €1,542,624 | -€755,485 | -32.9% |
| Amounts receivable within one year | 40/41 | €82,078 | €62,813 | -€19,266 | -23.5% |
| Trade receivables | 40 | €49,011 | €36,770 | -€12,241 | -25.0% |
| Other amounts receivable | 41 | €33,067 | €26,043 | -€7,025 | -21.2% |
| Current investments | 50/53 | €430,000 | €0 | -€430,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,660,507 | €1,136,827 | -€523,680 | -31.5% |
| Deferred charges and accrued income | 490/1 | €125,524 | €342,985 | +€217,461 | +173.2% |
| Total equity and liabilities | 10/49 | €2,374,377 | €1,600,445 | -€773,932 | -32.6% |
| Equity | 10/15 | €169,192 | €68,200 | -€100,992 | -59.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €107,192 | €6,200 | -€100,992 | -94.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €100,992 | €0 | -€100,992 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €429,688 | €453,125 | +€23,438 | +5.5% |
| Provisions for liabilities and charges | 160/5 | €429,688 | €453,125 | +€23,438 | +5.5% |
| Major repairs and maintenance | 162 | €429,688 | €453,125 | +€23,438 | +5.5% |
| Amounts payable | 17/49 | €1,775,498 | €1,079,120 | -€696,378 | -39.2% |
| Amounts payable within one year | 42/48 | €1,775,498 | €1,060,336 | -€715,163 | -40.3% |
| Trade debts | 44 | €205,288 | €177,129 | -€28,159 | -13.7% |
| Suppliers | 440/4 | €205,288 | €177,129 | -€28,159 | -13.7% |
| Taxes, remuneration and social security | 45 | €470,211 | €502,949 | +€32,738 | +7.0% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €470,211 | €502,949 | +€32,738 | +7.0% |
| Other amounts payable | 47/48 | €1,100,000 | €380,258 | -€719,742 | -65.4% |
| Accrued charges and deferred income | 492/3 | - | €18,785 | +€18,785 | |
| Remuneration, social security and pensions | 62 | €2,767,944 | €2,970,530 | +€202,586 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,832 | €29,488 | -€5,343 | -15.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €23,438 | €23,438 | = | 0.0% |
| Other operating charges | 640/8 | €48,825 | €46,568 | -€2,257 | -4.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €3,351,483 | €3,427,224 | +€75,741 | +2.3% |
| Operating profit (loss) | 9901 | €476,446 | €357,201 | -€119,245 | -25.0% |
| Financial income | 75/76B | €43,099 | €16,665 | -€26,433 | -61.3% |
| Recurring financial income | 75 | €43,099 | €16,665 | -€26,433 | -61.3% |
| Financial charges | 65/66B | €12,020 | €1,854 | -€10,166 | -84.6% |
| Recurring financial charges | 65 | €12,020 | €1,854 | -€10,166 | -84.6% |
| Profit (loss) for the period before taxes | 9903 | €507,525 | €372,013 | -€135,512 | -26.7% |
| Income taxes | 67/77 | €126,846 | €92,746 | -€34,100 | -26.9% |
| Profit (loss) for the period | 9904 | €380,679 | €279,266 | -€101,412 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €380,679 | €279,266 | -€101,412 | -26.6% |
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 8 October 2026 via checked.be.