FINADEC: what changed
Two fiscal 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.
FINADEC
Largest movements
- Cash +€199,438
up €199,438 (+109.1%), from €182,772 to €382,210
mainly Net result for the year (+€130,205) and Current investments (+€87,814)
- Current investments -€87,814
no longer reported in 2025 (was €87,814)
- Financial fixed assets +€11,405
up €11,405 (+10560.2%), from €108 to €11,513
- Profit (loss) carried forward +€130,205
new in 2025: €130,205
- Tax, wage and social debts -€14,204
down €14,204 (-28.2%), from €50,333 to €36,129
of which Remuneration and social security: -€14,369
- Gross operating margin +€52,692
up €52,692 (+47.1%), from €111,949 to €164,641
- Taxes +€3,003
up €3,003 (+9.2%), from €32,694 to €35,697
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.
Cash bridge derived
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 | €301,580 | €420,861 | +€119,281 | +39.6% |
| Fixed assets | 21/28 | €1,024 | €11,992 | +€10,968 | +1071.1% |
| Tangible fixed assets | 22/27 | €916 | €479 | -€437 | -47.7% |
| Furniture and vehicles | 24 | €916 | €479 | -€437 | -47.7% |
| Financial fixed assets | 28 | €108 | €11,513 | +€11,405 | +10560.2% |
| Current assets | 29/58 | €300,556 | €408,869 | +€108,313 | +36.0% |
| Amounts receivable within one year | 40/41 | €29,970 | €26,659 | -€3,311 | -11.0% |
| Trade receivables | 40 | €15,011 | €17,034 | +€2,023 | +13.5% |
| Other amounts receivable | 41 | €14,959 | €9,625 | -€5,334 | -35.7% |
| Current investments | 50/53 | €87,814 | - | -€87,814 | |
| Cash at bank and in hand | 54/58 | €182,772 | €382,210 | +€199,438 | +109.1% |
| Total equity and liabilities | 10/49 | €301,580 | €420,861 | +€119,281 | +39.6% |
| Equity | 10/15 | €247,450 | €377,655 | +€130,205 | +52.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | €5,000 | = | 0.0% |
| Issued capital | 100 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €242,450 | €242,450 | = | 0.0% |
| Distributable reserves | 133 | €242,450 | €242,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €130,205 | +€130,205 | |
| Amounts payable | 17/49 | €54,130 | €43,206 | -€10,924 | -20.2% |
| Amounts payable within one year | 42/48 | €54,130 | €43,206 | -€10,924 | -20.2% |
| Trade debts | 44 | €3,797 | €7,077 | +€3,280 | +86.4% |
| Suppliers | 440/4 | €3,797 | €7,077 | +€3,280 | +86.4% |
| Taxes, remuneration and social security | 45 | €50,333 | €36,129 | -€14,204 | -28.2% |
| Taxes | 450/3 | €34,755 | €34,920 | +€165 | +0.5% |
| Remuneration and social security | 454/9 | €15,578 | €1,209 | -€14,369 | -92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,330 | €437 | -€893 | -67.1% |
| Other operating charges | 640/8 | €87 | €450 | +€363 | +417.2% |
| Gross operating margin | 9900 | €111,949 | €164,641 | +€52,692 | +47.1% |
| Operating profit (loss) | 9901 | €110,532 | €163,754 | +€53,222 | +48.2% |
| Financial income | 75/76B | €2,639 | €2,214 | -€425 | -16.1% |
| Recurring financial income | 75 | €2,639 | €2,214 | -€425 | -16.1% |
| Financial charges | 65/66B | €27 | €66 | +€39 | +144.4% |
| Recurring financial charges | 65 | €27 | €66 | +€39 | +144.4% |
| Profit (loss) for the period before taxes | 9903 | €113,144 | €165,902 | +€52,758 | +46.6% |
| Income taxes | 67/77 | €32,694 | €35,697 | +€3,003 | +9.2% |
| Profit (loss) for the period | 9904 | €80,450 | €130,205 | +€49,755 | +61.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,450 | €130,205 | +€49,755 | +61.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.