Finadvu: 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.
Finadvu
Largest movements
- Tangible fixed assets +€752,956
up €752,956 (+9,836%), from €7,655 to €760,612
of which Land and buildings: +€737,338
- Current investments -€371,440
down €371,440 (-84.0%), from €442,420 to €70,980
- Cash -€27,886
down €27,886 (-64.0%), from €43,544 to €15,658
mainly Investment in fixed assets (net) (-€834,873) and Trade debts (-€17,248)
- Deferred charges and accrued income -€27,220
down €27,220 (-63.1%), from €43,159 to €15,939
- Short-term financial debts +€300,000
new in 2025: €300,000
- Reserves +€50,000
up €50,000 (+10.6%), from €470,910 to €520,910
of which Distributable reserves: +€50,000
- Trade debts -€17,248
down €17,248 (-90.2%), from €19,119 to €1,871
- Depreciation +€78,131
up €78,131 (+2,064%), from €3,785 to €81,917
- Taxes -€45,280
down €45,280 (-67.6%), from €67,004 to €21,725
- Gross operating margin -€25,279
down €25,279 (-14.3%), from €176,872 to €151,593
- Write-downs +€20,615
new in 2025: €20,615
- Financial charges +€10,088
up €10,088 (+14,738%), from €68 to €10,156
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 | €558,963 | €884,388 | +€325,425 | +58.2% |
| Fixed assets | 21/28 | €7,905 | €760,862 | +€752,956 | +9,525% |
| Tangible fixed assets | 22/27 | €7,655 | €760,612 | +€752,956 | +9,836% |
| Land and buildings | 22 | - | €737,338 | +€737,338 | |
| Plant, machinery and equipment | 23 | €1,898 | €910 | -€988 | -52.0% |
| Furniture and vehicles | 24 | €5,758 | €22,364 | +€16,606 | +288% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €551,058 | €123,527 | -€427,531 | -77.6% |
| Amounts receivable within one year | 40/41 | €21,935 | €20,950 | -€985 | -4.5% |
| Trade receivables | 40 | €21,780 | €20,836 | -€944 | -4.3% |
| Other amounts receivable | 41 | €155 | €114 | -€42 | -26.7% |
| Current investments | 50/53 | €442,420 | €70,980 | -€371,440 | -84.0% |
| Cash at bank and in hand | 54/58 | €43,544 | €15,658 | -€27,886 | -64.0% |
| Deferred charges and accrued income | 490/1 | €43,159 | €15,939 | -€27,220 | -63.1% |
| Total equity and liabilities | 10/49 | €558,963 | €884,388 | +€325,425 | +58.2% |
| Equity | 10/15 | €519,444 | €570,342 | +€50,898 | +9.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €470,910 | €520,910 | +€50,000 | +10.6% |
| Tax-exempt reserves | 132 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | €470,610 | €520,610 | +€50,000 | +10.6% |
| Profit (loss) carried forward | 14 | €29,934 | €30,832 | +€898 | +3.0% |
| Amounts payable | 17/49 | €39,520 | €314,046 | +€274,527 | +695% |
| Amounts payable within one year | 42/48 | €39,520 | €314,046 | +€274,527 | +695% |
| Financial debts | 43 | - | €300,000 | +€300,000 | |
| Other loans | 439 | - | €300,000 | +€300,000 | |
| Trade debts | 44 | €19,119 | €1,871 | -€17,248 | -90.2% |
| Suppliers | 440/4 | €19,119 | €1,871 | -€17,248 | -90.2% |
| Taxes, remuneration and social security | 45 | €18,821 | €12,175 | -€6,646 | -35.3% |
| Taxes | 450/3 | €18,821 | €12,175 | -€6,646 | -35.3% |
| Other amounts payable | 47/48 | €1,579 | €0 | -€1,579 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,785 | €81,917 | +€78,131 | +2,064% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €20,615 | +€20,615 | |
| Other operating charges | 640/8 | €1,684 | €2,654 | +€971 | +57.7% |
| Gross operating margin | 9900 | €176,872 | €151,593 | -€25,279 | -14.3% |
| Operating profit (loss) | 9901 | €171,403 | €46,407 | -€124,996 | -72.9% |
| Financial income | 75/76B | €46,072 | €36,372 | -€9,700 | -21.1% |
| Recurring financial income | 75 | €46,072 | €36,372 | -€9,700 | -21.1% |
| Financial charges | 65/66B | €68 | €10,156 | +€10,088 | +14,738% |
| Recurring financial charges | 65 | €68 | €10,156 | +€10,088 | +14,738% |
| Profit (loss) for the period before taxes | 9903 | €217,407 | €72,623 | -€144,784 | -66.6% |
| Income taxes | 67/77 | €67,004 | €21,725 | -€45,280 | -67.6% |
| Profit (loss) for the period | 9904 | €150,402 | €50,898 | -€99,504 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €150,402 | €50,898 | -€99,504 | -66.2% |
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.