FINACOM: 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.
FINACOM
Largest movements
- Tangible fixed assets -€17,169
down €17,169 (-2.0%), from €839,541 to €822,372
of which Land and buildings: -€18,262
- Receivables within one year +€11,057
up €11,057 (+227%), from €4,873 to €15,930
of which Other amounts receivable: +€15,930
- Reserves +€63,624
up €63,624 (+24.1%), from €264,357 to €327,981
of which Distributable reserves: +€68,455
- Debts after one year -€48,655
down €48,655 (-15.8%), from €307,315 to €258,660
of which Financial debts: -€42,578
- Tax, wage and social debts -€24,890
down €24,890 (-70.1%), from €35,518 to €10,628
- Trade debts +€15,888
up €15,888 (+162%), from €9,833 to €25,721
- Gross operating margin -€46,626
down €46,626 (-25.7%), from €181,386 to €134,760
- Taxes -€10,299
down €10,299 (-31.1%), from €33,153 to €22,854
- Financial charges -€9,299
down €9,299 (-27.4%), from €33,982 to €24,683
- Other operating charges -€5,874
down €5,874 (-62.5%), from €9,391 to €3,517
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 | €855,697 | €852,626 | -€3,071 | -0.4% |
| Fixed assets | 21/28 | €839,541 | €822,372 | -€17,169 | -2.0% |
| Tangible fixed assets | 22/27 | €839,541 | €822,372 | -€17,169 | -2.0% |
| Land and buildings | 22 | €829,505 | €811,243 | -€18,262 | -2.2% |
| Plant, machinery and equipment | 23 | €722 | €565 | -€157 | -21.7% |
| Furniture and vehicles | 24 | €9,314 | €10,564 | +€1,250 | +13.4% |
| Current assets | 29/58 | €16,156 | €30,254 | +€14,098 | +87.3% |
| Amounts receivable within one year | 40/41 | €4,873 | €15,930 | +€11,057 | +227% |
| Trade receivables | 40 | €4,873 | - | -€4,873 | |
| Other amounts receivable | 41 | - | €15,930 | +€15,930 | |
| Cash at bank and in hand | 54/58 | €11,283 | €7,044 | -€4,239 | -37.6% |
| Deferred charges and accrued income | 490/1 | - | €7,280 | +€7,280 | |
| Total equity and liabilities | 10/49 | €855,697 | €852,626 | -€3,071 | -0.4% |
| Equity | 10/15 | €284,357 | €347,981 | +€63,624 | +22.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €264,357 | €327,981 | +€63,624 | +24.1% |
| Tax-exempt reserves | 132 | €153,187 | €148,356 | -€4,831 | -3.2% |
| Distributable reserves | 133 | €111,170 | €179,625 | +€68,455 | +61.6% |
| Provisions and deferred taxes | 16 | €44,536 | €43,329 | -€1,207 | -2.7% |
| Deferred taxes | 168 | €44,536 | €43,329 | -€1,207 | -2.7% |
| Amounts payable | 17/49 | €526,804 | €461,316 | -€65,488 | -12.4% |
| Amounts payable after more than one year | 17 | €307,315 | €258,660 | -€48,655 | -15.8% |
| Financial debts | 170/4 | €301,238 | €258,660 | -€42,578 | -14.1% |
| Other amounts payable | 178/9 | €6,077 | - | -€6,077 | |
| Amounts payable within one year | 42/48 | €214,078 | €200,204 | -€13,874 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €47,323 | €47,989 | +€666 | +1.4% |
| Trade debts | 44 | €9,833 | €25,721 | +€15,888 | +162% |
| Suppliers | 440/4 | €9,833 | €25,721 | +€15,888 | +162% |
| Taxes, remuneration and social security | 45 | €35,518 | €10,628 | -€24,890 | -70.1% |
| Taxes | 450/3 | €35,518 | €10,628 | -€24,890 | -70.1% |
| Other amounts payable | 47/48 | €121,404 | €115,866 | -€5,538 | -4.6% |
| Accrued charges and deferred income | 492/3 | €5,411 | €2,452 | -€2,959 | -54.7% |
| Non-recurring operating income | 76A | €104,599 | - | -€104,599 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,835 | €21,289 | +€454 | +2.2% |
| Other operating charges | 640/8 | €9,391 | €3,517 | -€5,874 | -62.5% |
| Gross operating margin | 9900 | €181,386 | €134,760 | -€46,626 | -25.7% |
| Operating profit (loss) | 9901 | €151,160 | €109,954 | -€41,206 | -27.3% |
| Financial charges | 65/66B | €33,982 | €24,683 | -€9,299 | -27.4% |
| Recurring financial charges | 65 | €33,982 | €24,683 | -€9,299 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €117,178 | €85,271 | -€31,907 | -27.2% |
| Transfer from deferred taxes | 780 | €1,208 | €1,207 | -€1 | -0.1% |
| Income taxes | 67/77 | €33,153 | €22,854 | -€10,299 | -31.1% |
| Profit (loss) for the period | 9904 | €85,233 | €63,624 | -€21,609 | -25.4% |
| Transfer from tax-exempt reserves | 789 | €4,830 | €4,831 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €90,063 | €68,455 | -€21,608 | -24.0% |
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 19 October 2026 via checked.be.