FINADAN: 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.
FINADAN
Largest movements
- Cash -€104,029
down €104,029 (-65.1%), from €159,903 to €55,875
mainly Other debts (-€78,536) and Contributions, distributions and other (-€45,122)
- Deferred charges and accrued income +€24,173
up €24,173 (+24.9%), from €96,894 to €121,068
- Tangible fixed assets -€4,133
down €4,133 (-30.9%), from €13,373 to €9,240
of which Plant, machinery and equipment: -€7,997
- Other debts -€78,536
down €78,536 (-63.5%), from €123,658 to €45,122
- Tax, wage and social debts -€9,147
down €9,147 (-33.7%), from €27,161 to €18,014
of which Taxes: -€14,631
- Trade debts +€8,243
up €8,243 (+47.7%), from €17,283 to €25,526
- Current portion of long-term debt -€5,347
down €5,347 (-34.6%), from €15,464 to €10,117
- Gross operating margin -€62,762
down €62,762 (-20.2%), from €310,300 to €247,538
- Staff costs +€55,595
up €55,595 (+47.3%), from €117,427 to €173,022
- Taxes -€24,163
down €24,163 (-54.7%), from €44,184 to €20,021
- Depreciation -€13,580
down €13,580 (-76.7%), from €17,713 to €4,133
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €290,784 | €204,305 | -€86,479 | -29.7% |
| Fixed assets | 21/28 | €13,373 | €9,240 | -€4,133 | -30.9% |
| Tangible fixed assets | 22/27 | €13,373 | €9,240 | -€4,133 | -30.9% |
| Plant, machinery and equipment | 23 | €9,989 | €1,992 | -€7,997 | -80.1% |
| Furniture and vehicles | 24 | €3,384 | €2,670 | -€714 | -21.1% |
| Other tangible fixed assets | 26 | - | €4,578 | +€4,578 | |
| Current assets | 29/58 | €277,411 | €195,065 | -€82,346 | -29.7% |
| Amounts receivable within one year | 40/41 | €20,613 | €18,122 | -€2,491 | -12.1% |
| Trade receivables | 40 | €16,772 | €17,114 | +€342 | +2.0% |
| Other amounts receivable | 41 | €3,841 | €1,008 | -€2,833 | -73.8% |
| Cash at bank and in hand | 54/58 | €159,903 | €55,875 | -€104,029 | -65.1% |
| Deferred charges and accrued income | 490/1 | €96,894 | €121,068 | +€24,173 | +24.9% |
| Total equity and liabilities | 10/49 | €290,784 | €204,305 | -€86,479 | -29.7% |
| Equity | 10/15 | €100,013 | €100,013 | = | 0.0% |
| Contributions | 10/11 | €28,946 | €28,946 | = | 0.0% |
| Reserves | 13 | €71,068 | €71,068 | = | 0.0% |
| Distributable reserves | 133 | €71,068 | €71,068 | = | 0.0% |
| Amounts payable | 17/49 | €190,771 | €104,291 | -€86,479 | -45.3% |
| Amounts payable within one year | 42/48 | €183,566 | €98,779 | -€84,787 | -46.2% |
| Current portion of amounts payable after more than one year | 42 | €15,464 | €10,117 | -€5,347 | -34.6% |
| Trade debts | 44 | €17,283 | €25,526 | +€8,243 | +47.7% |
| Suppliers | 440/4 | €17,283 | €25,526 | +€8,243 | +47.7% |
| Taxes, remuneration and social security | 45 | €27,161 | €18,014 | -€9,147 | -33.7% |
| Taxes | 450/3 | €14,988 | €356 | -€14,631 | -97.6% |
| Remuneration and social security | 454/9 | €12,173 | €17,658 | +€5,484 | +45.1% |
| Other amounts payable | 47/48 | €123,658 | €45,122 | -€78,536 | -63.5% |
| Accrued charges and deferred income | 492/3 | €7,204 | €5,513 | -€1,692 | -23.5% |
| Non-recurring operating income | 76A | €12,689 | - | -€12,689 | |
| Remuneration, social security and pensions | 62 | €117,427 | €173,022 | +€55,595 | +47.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,713 | €4,133 | -€13,580 | -76.7% |
| Other operating charges | 640/8 | €4,775 | €3,491 | -€1,284 | -26.9% |
| Gross operating margin | 9900 | €310,300 | €247,538 | -€62,762 | -20.2% |
| Operating profit (loss) | 9901 | €170,385 | €66,892 | -€103,493 | -60.7% |
| Financial income | 75/76B | €17 | €95 | +€79 | +471% |
| Recurring financial income | 75 | €17 | €95 | +€79 | +471% |
| Financial charges | 65/66B | €2,713 | €1,845 | -€868 | -32.0% |
| Recurring financial charges | 65 | €2,713 | €1,845 | -€868 | -32.0% |
| Profit (loss) for the period before taxes | 9903 | €167,688 | €65,142 | -€102,546 | -61.2% |
| Income taxes | 67/77 | €44,184 | €20,021 | -€24,163 | -54.7% |
| Profit (loss) for the period | 9904 | €123,505 | €45,122 | -€78,383 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €123,505 | €45,122 | -€78,383 | -63.5% |
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 24 October 2026 via checked.be.