FINACO: 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.
FINACO
Largest movements
- Tangible fixed assets +€2,810
up €2,810 (+52.2%), from €5,382 to €8,192
- Short-term financial debts -€9,000
down €9,000 (-100%), from €9,000 to €0
- Tax, wage and social debts -€5,175
down €5,175 (-53.1%), from €9,750 to €4,574
- Reserves +€5,165
up €5,165 (+9.9%), from €52,086 to €57,252
- Debts after one year +€4,608
up €4,608 (+7.4%), from €62,056 to €66,664
- Trade debts +€3,463
up €3,463 (+54.1%), from €6,404 to €9,868
- Gross operating margin -€30,574
down €30,574 (-57.6%), from €53,118 to €22,545
- Taxes -€11,539
down €11,539 (-72.2%), from €15,972 to €4,433
- Financial charges +€5,980
up €5,980 (+189%), from €3,171 to €9,151
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 | €196,236 | €196,925 | +€689 | +0.4% |
| Formation expenses | 20 | €1,089 | €688 | -€402 | -36.9% |
| Fixed assets | 21/28 | €167,438 | €170,248 | +€2,810 | +1.7% |
| Tangible fixed assets | 22/27 | €5,382 | €8,192 | +€2,810 | +52.2% |
| Furniture and vehicles | 24 | €5,382 | €8,192 | +€2,810 | +52.2% |
| Financial fixed assets | 28 | €162,056 | €162,056 | = | 0.0% |
| Current assets | 29/58 | €27,709 | €25,989 | -€1,720 | -6.2% |
| Amounts receivable within one year | 40/41 | €14,470 | €13,424 | -€1,046 | -7.2% |
| Trade receivables | 40 | €14,470 | €13,000 | -€1,470 | -10.2% |
| Other amounts receivable | 41 | - | €424 | +€424 | |
| Cash at bank and in hand | 54/58 | €11,680 | €11,059 | -€621 | -5.3% |
| Deferred charges and accrued income | 490/1 | €1,559 | €1,506 | -€53 | -3.4% |
| Total equity and liabilities | 10/49 | €196,236 | €196,925 | +€689 | +0.4% |
| Equity | 10/15 | €55,586 | €60,752 | +€5,165 | +9.3% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €52,086 | €57,252 | +€5,165 | +9.9% |
| Distributable reserves | 133 | €52,086 | €57,252 | +€5,165 | +9.9% |
| Amounts payable | 17/49 | €140,650 | €136,173 | -€4,477 | -3.2% |
| Amounts payable after more than one year | 17 | €62,056 | €66,664 | +€4,608 | +7.4% |
| Financial debts | 170/4 | €62,056 | €66,664 | +€4,608 | +7.4% |
| Amounts payable within one year | 42/48 | €78,594 | €69,509 | -€9,085 | -11.6% |
| Financial debts | 43 | €9,000 | €0 | -€9,000 | -100% |
| Credit institutions | 430/8 | €9,000 | €0 | -€9,000 | -100% |
| Trade debts | 44 | €6,404 | €9,868 | +€3,463 | +54.1% |
| Suppliers | 440/4 | €6,404 | €9,868 | +€3,463 | +54.1% |
| Taxes, remuneration and social security | 45 | €9,750 | €4,574 | -€5,175 | -53.1% |
| Taxes | 450/3 | €9,750 | €4,574 | -€5,175 | -53.1% |
| Other amounts payable | 47/48 | €53,440 | €55,068 | +€1,628 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,019 | €3,101 | +€82 | +2.7% |
| Other operating charges | 640/8 | €317 | €694 | +€378 | +119% |
| Gross operating margin | 9900 | €53,118 | €22,545 | -€30,574 | -57.6% |
| Operating profit (loss) | 9901 | €49,782 | €18,749 | -€31,033 | -62.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -75.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -75.0% |
| Financial charges | 65/66B | €3,171 | €9,151 | +€5,980 | +189% |
| Recurring financial charges | 65 | €3,171 | €9,151 | +€5,980 | +189% |
| Profit (loss) for the period before taxes | 9903 | €46,612 | €9,598 | -€37,013 | -79.4% |
| Income taxes | 67/77 | €15,972 | €4,433 | -€11,539 | -72.2% |
| Profit (loss) for the period | 9904 | €30,640 | €5,165 | -€25,474 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,640 | €5,165 | -€25,474 | -83.1% |
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.