FINAFI: 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.
What changed
FINAFI
NACE 82.990, Other business support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€91,060
2024 · €93,953-€2,893
Equity
€18.9m
2024 · €18.8m+€41,060
Cash
€254,932
2024 · €255,101-€169
Balance sheet total
€19.1m
2024 · €19.1m+€6,744
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Other operating charges -€19,137
down €19,137 (-10.9%), from €175,722 to €156,585
- Gross operating margin -€11,976
down €11,976 (-2.7%), from €442,770 to €430,794
- Staff costs +€10,401
up €10,401 (+5.3%), from €196,043 to €206,443
- Taxes +€6,583
up €6,583 (+112.6%), from €5,846 to €12,429
- Financial income +€4,977
up €4,977 (+9.3%), from €53,523 to €58,500
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.
Result 2024
€93,953
Gross operating margin
-€11,976
Staff costs
-€10,401
Depreciation
+€1,194
Other operating charges
+€19,137
Financial income
+€4,977
Financial charges
+€759
Taxes
-€6,583
Result 2025
€91,060
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.
From operations
+€103,529
Investment
-€17,588
Financing
-€86,110
Cash 2024
€255,101
From operations (derived)
+€103,529
Net result for the year
+€91,060
Depreciation
+€21,471
Receivables within one year
-€14,489
Deferred charges and accrued income
+€3,692
Trade debts
+€10,600
Tax, wage and social debts
-€8,301
Other debts
-€506
Investment (derived)
-€17,588
Investment in fixed assets (net)
-€17,588
Financing
-€86,110
Debts after one year
-€4,000
Current portion of long-term debt
-€32,110
Contributions, distributions and other
-€50,000
Cash 2025
€254,932
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,089,169 | €19,095,913 | +€6,744 | 0.0% |
| Fixed assets | 21/28 | €18,300,631 | €18,296,748 | -€3,883 | 0.0% |
| Tangible fixed assets | 22/27 | €38,775 | €34,892 | -€3,883 | -10.0% |
| Plant, machinery and equipment | 23 | €16,394 | €23,901 | +€7,506 | +45.8% |
| Furniture and vehicles | 24 | €22,342 | €10,991 | -€11,351 | -50.8% |
| Other tangible fixed assets | 26 | €39 | €0 | -€39 | -100.0% |
| Financial fixed assets | 28 | €18,261,856 | €18,261,856 | = | 0.0% |
| Current assets | 29/58 | €788,537 | €799,165 | +€10,628 | +1.3% |
| Amounts receivable after more than one year | 29 | €425,000 | €425,000 | = | 0.0% |
| Other amounts receivable | 291 | €425,000 | €425,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €87,118 | €101,606 | +€14,489 | +16.6% |
| Trade receivables | 40 | €73,407 | €79,101 | +€5,693 | +7.8% |
| Other amounts receivable | 41 | €13,711 | €22,506 | +€8,795 | +64.1% |
| Cash at bank and in hand | 54/58 | €255,101 | €254,932 | -€169 | -0.1% |
| Deferred charges and accrued income | 490/1 | €21,318 | €17,627 | -€3,692 | -17.3% |
| Total equity and liabilities | 10/49 | €19,089,169 | €19,095,913 | +€6,744 | 0.0% |
| Equity | 10/15 | €18,849,256 | €18,890,317 | +€41,060 | +0.2% |
| Contributions | 10/11 | €18,758,976 | €18,758,976 | = | 0.0% |
| Reserves | 13 | €14,749 | €14,749 | = | 0.0% |
| Distributable reserves | 133 | €14,749 | €14,749 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,531 | €116,592 | +€41,060 | +54.4% |
| Provisions and deferred taxes | 16 | €72,158 | €72,158 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €72,158 | €72,158 | = | 0.0% |
| Other liabilities and charges | 164/5 | €72,158 | €72,158 | = | 0.0% |
| Amounts payable | 17/49 | €167,754 | €133,438 | -€34,316 | -20.5% |
| Amounts payable after more than one year | 17 | €42,000 | €38,000 | -€4,000 | -9.5% |
| Financial debts | 170/4 | €42,000 | €38,000 | -€4,000 | -9.5% |
| Amounts payable within one year | 42/48 | €125,754 | €95,438 | -€30,316 | -24.1% |
| Current portion of amounts payable after more than one year | 42 | €36,110 | €4,000 | -€32,110 | -88.9% |
| Trade debts | 44 | €7,221 | €17,821 | +€10,600 | +146.8% |
| Suppliers | 440/4 | €7,221 | €17,821 | +€10,600 | +146.8% |
| Taxes, remuneration and social security | 45 | €31,330 | €23,029 | -€8,301 | -26.5% |
| Taxes | 450/3 | €7,651 | €252 | -€7,399 | -96.7% |
| Remuneration and social security | 454/9 | €23,679 | €22,777 | -€902 | -3.8% |
| Other amounts payable | 47/48 | €51,094 | €50,588 | -€506 | -1.0% |
| Remuneration, social security and pensions | 62 | €196,043 | €206,443 | +€10,401 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,666 | €21,471 | -€1,194 | -5.3% |
| Other operating charges | 640/8 | €175,722 | €156,585 | -€19,137 | -10.9% |
| Gross operating margin | 9900 | €442,770 | €430,794 | -€11,976 | -2.7% |
| Operating profit (loss) | 9901 | €48,341 | €46,295 | -€2,046 | -4.2% |
| Financial income | 75/76B | €53,523 | €58,500 | +€4,977 | +9.3% |
| Recurring financial income | 75 | €53,523 | €58,500 | +€4,977 | +9.3% |
| Financial charges | 65/66B | €2,064 | €1,305 | -€759 | -36.8% |
| Recurring financial charges | 65 | €2,064 | €1,305 | -€759 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €99,799 | €103,490 | +€3,690 | +3.7% |
| Income taxes | 67/77 | €5,846 | €12,429 | +€6,583 | +112.6% |
| Profit (loss) for the period | 9904 | €93,953 | €91,060 | -€2,893 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €93,953 | €91,060 | -€2,893 | -3.1% |
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 8 October 2026 via checked.be.