FINACCES: 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.
FINACCES
Largest movements
- Receivables within one year +€210,316
up €210,316 (+22.9%), from €917,444 to €1.1m
of which Trade receivables: +€210,316
- Cash -€23,737
down €23,737 (-19.6%), from €121,037 to €97,300
mainly Receivables within one year (-€210,316) and Trade debts (-€83,249)
- Intangible fixed assets -€18,750
no longer reported in 2025 (was €18,750)
- Profit (loss) carried forward +€180,333
up €180,333 (+55.5%), from €325,199 to €505,532
- Trade debts -€83,249
down €83,249 (-52.9%), from €157,313 to €74,064
- Tax, wage and social debts +€59,087
up €59,087 (+34.2%), from €172,610 to €231,697
of which Taxes: +€38,987
- Contributions +€50,000
up €50,000 (+269%), from €18,600 to €68,600
- Debts after one year -€23,387
down €23,387 (-6.8%), from €341,534 to €318,147
- Gross operating margin +€288,904
up €288,904 (+29.5%), from €980,696 to €1.3m
- Staff costs +€121,298
up €121,298 (+15.8%), from €769,701 to €890,999
- Taxes +€50,276
up €50,276 (+141%), from €35,683 to €85,959
- Other operating charges +€15,946
up €15,946 (+34.3%), from €46,494 to €62,440
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 | €1,108,158 | €1,284,129 | +€175,971 | +15.9% |
| Fixed assets | 21/28 | €55,985 | €33,968 | -€22,017 | -39.3% |
| Intangible fixed assets | 21 | €18,750 | - | -€18,750 | |
| Tangible fixed assets | 22/27 | €37,075 | €33,808 | -€3,267 | -8.8% |
| Plant, machinery and equipment | 23 | €2,860 | €8,353 | +€5,493 | +192% |
| Furniture and vehicles | 24 | €17,985 | €13,599 | -€4,386 | -24.4% |
| Other tangible fixed assets | 26 | €16,230 | €11,856 | -€4,374 | -27.0% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €1,052,173 | €1,250,161 | +€197,988 | +18.8% |
| Amounts receivable within one year | 40/41 | €917,444 | €1,127,760 | +€210,316 | +22.9% |
| Trade receivables | 40 | €913,108 | €1,123,424 | +€210,316 | +23.0% |
| Other amounts receivable | 41 | €4,336 | €4,336 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €121,037 | €97,300 | -€23,737 | -19.6% |
| Deferred charges and accrued income | 490/1 | €13,692 | €25,101 | +€11,409 | +83.3% |
| Total equity and liabilities | 10/49 | €1,108,158 | €1,284,129 | +€175,971 | +15.9% |
| Equity | 10/15 | €345,659 | €575,992 | +€230,333 | +66.6% |
| Contributions | 10/11 | €18,600 | €68,600 | +€50,000 | +269% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €325,199 | €505,532 | +€180,333 | +55.5% |
| Amounts payable | 17/49 | €762,499 | €708,137 | -€54,362 | -7.1% |
| Amounts payable after more than one year | 17 | €341,534 | €318,147 | -€23,387 | -6.8% |
| Other amounts payable | 178/9 | €341,534 | €318,147 | -€23,387 | -6.8% |
| Amounts payable within one year | 42/48 | €415,441 | €389,990 | -€25,451 | -6.1% |
| Financial debts | 43 | €11,346 | €11,315 | -€31 | -0.3% |
| Credit institutions | 430/8 | €11,346 | €11,315 | -€31 | -0.3% |
| Trade debts | 44 | €157,313 | €74,064 | -€83,249 | -52.9% |
| Suppliers | 440/4 | €157,313 | €74,064 | -€83,249 | -52.9% |
| Taxes, remuneration and social security | 45 | €172,610 | €231,697 | +€59,087 | +34.2% |
| Taxes | 450/3 | €10,685 | €49,672 | +€38,987 | +365% |
| Remuneration and social security | 454/9 | €161,925 | €182,025 | +€20,100 | +12.4% |
| Other amounts payable | 47/48 | €74,172 | €72,914 | -€1,258 | -1.7% |
| Accrued charges and deferred income | 492/3 | €5,524 | - | -€5,524 | |
| Remuneration, social security and pensions | 62 | €769,701 | €890,999 | +€121,298 | +15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,374 | €33,937 | -€3,437 | -9.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,038 | €12,717 | +€2,679 | +26.7% |
| Other operating charges | 640/8 | €46,494 | €62,440 | +€15,946 | +34.3% |
| Gross operating margin | 9900 | €980,696 | €1,269,600 | +€288,904 | +29.5% |
| Operating profit (loss) | 9901 | €117,089 | €269,507 | +€152,418 | +130% |
| Financial income | 75/76B | €99 | €71 | -€28 | -28.3% |
| Recurring financial income | 75 | €99 | €71 | -€28 | -28.3% |
| Financial charges | 65/66B | €4,034 | €3,286 | -€748 | -18.5% |
| Recurring financial charges | 65 | €4,034 | €3,286 | -€748 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €113,154 | €266,292 | +€153,138 | +135% |
| Income taxes | 67/77 | €35,683 | €85,959 | +€50,276 | +141% |
| Profit (loss) for the period | 9904 | €77,471 | €180,333 | +€102,862 | +133% |
| Profit (loss) for the period to be appropriated | 9905 | €77,471 | €180,333 | +€102,862 | +133% |
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 14 October 2026 via checked.be.