Finadeo: 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.
Finadeo
Largest movements
- Cash +€72,382
up €72,382 (+136.4%), from €53,054 to €125,436
mainly Net result for the year (+€40,706) and Depreciation (+€33,492)
- Tangible fixed assets -€33,492
down €33,492 (-25.2%), from €132,982 to €99,490
of which Furniture and vehicles: -€33,339
- Receivables within one year +€8,799
up €8,799 (+26.4%), from €33,316 to €42,115
of which Other amounts receivable: +€22,375
- Profit (loss) carried forward +€40,706
up €40,706 (+33.0%), from €123,423 to €164,129
- Debts after one year -€28,807
down €28,807 (-51.2%), from €56,309 to €27,501
- Other debts +€21,459
new in 2025: €21,459
- Trade debts +€10,384
up €10,384 (+90.7%), from €11,447 to €21,830
- Gross operating margin +€69,905
up €69,905 (+290.1%), from €24,097 to €94,002
- Staff costs +€5,304
new in 2025: €5,304
- Taxes +€5,000
up €5,000 (+100.0%), from €5,000 to €10,000
- Other operating charges -€4,423
down €4,423 (-74.5%), from €5,937 to €1,514
- Financial income -€2,724
down €2,724 (-93.3%), from €2,921 to €197
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 | €226,716 | €274,514 | +€47,798 | +21.1% |
| Formation expenses | 20 | - | €109 | +€109 | |
| Fixed assets | 21/28 | €132,982 | €99,490 | -€33,492 | -25.2% |
| Tangible fixed assets | 22/27 | €132,982 | €99,490 | -€33,492 | -25.2% |
| Furniture and vehicles | 24 | €132,079 | €98,740 | -€33,339 | -25.2% |
| Other tangible fixed assets | 26 | €903 | €751 | -€153 | -16.9% |
| Current assets | 29/58 | €93,734 | €174,915 | +€81,181 | +86.6% |
| Amounts receivable within one year | 40/41 | €33,316 | €42,115 | +€8,799 | +26.4% |
| Trade receivables | 40 | €28,753 | €15,177 | -€13,576 | -47.2% |
| Other amounts receivable | 41 | €4,563 | €26,938 | +€22,375 | +490.4% |
| Cash at bank and in hand | 54/58 | €53,054 | €125,436 | +€72,382 | +136.4% |
| Deferred charges and accrued income | 490/1 | €7,364 | €7,364 | = | 0.0% |
| Total equity and liabilities | 10/49 | €226,716 | €274,514 | +€47,798 | +21.1% |
| Equity | 10/15 | €128,423 | €169,129 | +€40,706 | +31.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,423 | €164,129 | +€40,706 | +33.0% |
| Amounts payable | 17/49 | €98,293 | €105,385 | +€7,092 | +7.2% |
| Amounts payable after more than one year | 17 | €56,309 | €27,501 | -€28,807 | -51.2% |
| Financial debts | 170/4 | €56,309 | €27,501 | -€28,807 | -51.2% |
| Amounts payable within one year | 42/48 | €41,984 | €77,883 | +€35,899 | +85.5% |
| Current portion of amounts payable after more than one year | 42 | €27,611 | €28,807 | +€1,196 | +4.3% |
| Financial debts | 43 | €84 | €209 | +€125 | +149.7% |
| Credit institutions | 430/8 | €84 | €209 | +€125 | +149.7% |
| Trade debts | 44 | €11,447 | €21,830 | +€10,384 | +90.7% |
| Suppliers | 440/4 | €11,447 | €21,830 | +€10,384 | +90.7% |
| Taxes, remuneration and social security | 45 | €2,843 | €5,578 | +€2,736 | +96.2% |
| Taxes | 450/3 | €2,843 | €2,005 | -€838 | -29.5% |
| Remuneration and social security | 454/9 | - | €3,573 | +€3,573 | |
| Other amounts payable | 47/48 | - | €21,459 | +€21,459 | |
| Remuneration, social security and pensions | 62 | - | €5,304 | +€5,304 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,879 | €33,492 | +€613 | +1.9% |
| Other operating charges | 640/8 | €5,937 | €1,514 | -€4,423 | -74.5% |
| Gross operating margin | 9900 | €24,097 | €94,002 | +€69,905 | +290.1% |
| Operating profit (loss) | 9901 | -€14,719 | €53,692 | +€68,411 | |
| Financial income | 75/76B | €2,921 | €197 | -€2,724 | -93.3% |
| Recurring financial income | 75 | €2,921 | €197 | -€2,724 | -93.3% |
| Financial charges | 65/66B | €4,749 | €3,183 | -€1,567 | -33.0% |
| Recurring financial charges | 65 | €4,749 | €3,183 | -€1,567 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | -€16,547 | €50,706 | +€67,253 | |
| Income taxes | 67/77 | €5,000 | €10,000 | +€5,000 | +100.0% |
| Profit (loss) for the period | 9904 | -€21,547 | €40,706 | +€62,253 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,547 | €40,706 | +€62,253 |
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 5 October 2026 via checked.be.