FINACOS: 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.
FINACOS
Largest movements
- Receivables within one year -€19,257
down €19,257 (-67.5%), from €28,549 to €9,292
of which Trade receivables: -€15,409
- Cash +€6,665
up €6,665 (+163%), from €4,090 to €10,756
mainly Receivables within one year (+€19,257) and Depreciation (+€16,442)
- Receivables after one year +€3,171
up €3,171 (+1.4%), from €220,184 to €223,355
of which Other amounts receivable: +€3,171
- Short-term financial debts -€15,207
down €15,207 (-100%), from €15,207 to €0
- Other debts +€10,973
new in 2025: €10,973
- Debts after one year -€10,537
down €10,537 (-30.6%), from €34,444 to €23,907
- Trade debts +€10,146
up €10,146 (+864%), from €1,174 to €11,320
- Tax, wage and social debts -€8,590
down €8,590 (-23.6%), from €36,452 to €27,862
- Depreciation +€15,521
up €15,521 (+1,685%), from €921 to €16,442
- Gross operating margin +€13,322
up €13,322 (+35.9%), from €37,094 to €50,416
- Financial charges +€3,189
up €3,189 (+173%), from €1,846 to €5,035
- Taxes -€2,041
down €2,041 (-14.6%), from €13,936 to €11,895
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 | €301,839 | €290,697 | -€11,142 | -3.7% |
| Fixed assets | 21/28 | €46,078 | €45,655 | -€423 | -0.9% |
| Tangible fixed assets | 22/27 | €46,078 | €45,655 | -€423 | -0.9% |
| Furniture and vehicles | 24 | €2,101 | €12,824 | +€10,724 | +511% |
| Leasing and similar rights | 25 | €43,978 | €32,831 | -€11,147 | -25.3% |
| Current assets | 29/58 | €255,761 | €245,041 | -€10,719 | -4.2% |
| Amounts receivable after more than one year | 29 | €220,184 | €223,355 | +€3,171 | +1.4% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €220,184 | €223,355 | +€3,171 | +1.4% |
| Amounts receivable within one year | 40/41 | €28,549 | €9,292 | -€19,257 | -67.5% |
| Trade receivables | 40 | €24,701 | €9,292 | -€15,409 | -62.4% |
| Other amounts receivable | 41 | €3,848 | €0 | -€3,848 | -100% |
| Cash at bank and in hand | 54/58 | €4,090 | €10,756 | +€6,665 | +163% |
| Deferred charges and accrued income | 490/1 | €2,937 | €1,639 | -€1,299 | -44.2% |
| Total equity and liabilities | 10/49 | €301,839 | €290,697 | -€11,142 | -3.7% |
| Equity | 10/15 | €206,318 | €206,097 | -€221 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €187,718 | €187,497 | -€221 | -0.1% |
| Distributable reserves | 133 | €187,718 | €187,497 | -€221 | -0.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €95,521 | €84,599 | -€10,922 | -11.4% |
| Amounts payable after more than one year | 17 | €34,444 | €23,907 | -€10,537 | -30.6% |
| Financial debts | 170/4 | €34,444 | €23,907 | -€10,537 | -30.6% |
| Amounts payable within one year | 42/48 | €61,077 | €60,692 | -€384 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | €8,244 | €10,537 | +€2,294 | +27.8% |
| Financial debts | 43 | €15,207 | €0 | -€15,207 | -100% |
| Other loans | 439 | €15,207 | €0 | -€15,207 | -100% |
| Trade debts | 44 | €1,174 | €11,320 | +€10,146 | +864% |
| Suppliers | 440/4 | €1,174 | €11,320 | +€10,146 | +864% |
| Taxes, remuneration and social security | 45 | €36,452 | €27,862 | -€8,590 | -23.6% |
| Taxes | 450/3 | €36,452 | €27,862 | -€8,590 | -23.6% |
| Other amounts payable | 47/48 | - | €10,973 | +€10,973 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €921 | €16,442 | +€15,521 | +1,685% |
| Other operating charges | 640/8 | €3,620 | €3,922 | +€302 | +8.3% |
| Gross operating margin | 9900 | €37,094 | €50,416 | +€13,322 | +35.9% |
| Operating profit (loss) | 9901 | €32,553 | €30,052 | -€2,501 | -7.7% |
| Financial income | 75/76B | €3,155 | €3,171 | +€15 | +0.5% |
| Recurring financial income | 75 | €3,155 | €3,171 | +€15 | +0.5% |
| Financial charges | 65/66B | €1,846 | €5,035 | +€3,189 | +173% |
| Recurring financial charges | 65 | €1,846 | €5,035 | +€3,189 | +173% |
| Profit (loss) for the period before taxes | 9903 | €33,862 | €28,188 | -€5,674 | -16.8% |
| Income taxes | 67/77 | €13,936 | €11,895 | -€2,041 | -14.6% |
| Profit (loss) for the period | 9904 | €19,926 | €16,293 | -€3,633 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,926 | €16,293 | -€3,633 | -18.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.