FINAGEST: 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.
FINAGEST
Largest movements
- Receivables within one year +€31,828
up €31,828 (+14.8%), from €214,718 to €246,546
of which Other amounts receivable: +€36,652
- Tangible fixed assets -€6,174
down €6,174 (-9.3%), from €66,466 to €60,293
of which Furniture and vehicles: -€5,995
- Profit (loss) carried forward +€42,865
up €42,865 (+39.5%), from €108,541 to €151,407
- Tax, wage and social debts -€20,089
down €20,089 (-45.7%), from €44,000 to €23,911
of which Remuneration and social security: -€21,005
- Gross operating margin +€32,586
up €32,586 (+21.6%), from €150,539 to €183,125
- Taxes +€15,686
up €15,686 (+1,041%), from €1,507 to €17,193
- Staff costs -€12,327
down €12,327 (-13.6%), from €90,733 to €78,406
- Depreciation -€12,014
down €12,014 (-23.4%), from €51,429 to €39,416
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 | €306,709 | €328,888 | +€22,178 | +7.2% |
| Fixed assets | 21/28 | €71,398 | €63,365 | -€8,033 | -11.3% |
| Intangible fixed assets | 21 | €4,813 | €2,954 | -€1,859 | -38.6% |
| Tangible fixed assets | 22/27 | €66,466 | €60,293 | -€6,174 | -9.3% |
| Plant, machinery and equipment | 23 | €741 | €563 | -€178 | -24.1% |
| Furniture and vehicles | 24 | €65,725 | €59,730 | -€5,995 | -9.1% |
| Financial fixed assets | 28 | €118 | €118 | = | 0.0% |
| Current assets | 29/58 | €235,312 | €265,523 | +€30,211 | +12.8% |
| Amounts receivable within one year | 40/41 | €214,718 | €246,546 | +€31,828 | +14.8% |
| Trade receivables | 40 | €21,260 | €16,435 | -€4,825 | -22.7% |
| Other amounts receivable | 41 | €193,458 | €230,111 | +€36,652 | +18.9% |
| Cash at bank and in hand | 54/58 | €465 | €710 | +€245 | +52.8% |
| Deferred charges and accrued income | 490/1 | €20,129 | €18,267 | -€1,862 | -9.3% |
| Total equity and liabilities | 10/49 | €306,709 | €328,888 | +€22,178 | +7.2% |
| Equity | 10/15 | €174,793 | €217,658 | +€42,865 | +24.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €47,660 | €47,660 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,528 | €3,528 | = | 0.0% |
| Distributable reserves | 133 | €42,272 | €42,272 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,541 | €151,407 | +€42,865 | +39.5% |
| Amounts payable | 17/49 | €131,917 | €111,229 | -€20,687 | -15.7% |
| Amounts payable after more than one year | 17 | €57,637 | €60,862 | +€3,226 | +5.6% |
| Financial debts | 170/4 | €57,637 | €60,862 | +€3,226 | +5.6% |
| Amounts payable within one year | 42/48 | €74,280 | €50,330 | -€23,950 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €27,713 | €25,851 | -€1,862 | -6.7% |
| Trade debts | 44 | €2,567 | €568 | -€1,999 | -77.9% |
| Suppliers | 440/4 | €2,567 | €568 | -€1,999 | -77.9% |
| Taxes, remuneration and social security | 45 | €44,000 | €23,911 | -€20,089 | -45.7% |
| Taxes | 450/3 | €14,556 | €15,472 | +€916 | +6.3% |
| Remuneration and social security | 454/9 | €29,444 | €8,439 | -€21,005 | -71.3% |
| Accrued charges and deferred income | 492/3 | - | €37 | +€37 | |
| Remuneration, social security and pensions | 62 | €90,733 | €78,406 | -€12,327 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,429 | €39,416 | -€12,014 | -23.4% |
| Other operating charges | 640/8 | €2,287 | €1,334 | -€952 | -41.6% |
| Gross operating margin | 9900 | €150,539 | €183,125 | +€32,586 | +21.6% |
| Operating profit (loss) | 9901 | €6,090 | €63,969 | +€57,879 | +950% |
| Financial income | 75/76B | €0 | €16 | +€16 | +164,600% |
| Recurring financial income | 75 | €0 | €16 | +€16 | +164,600% |
| Financial charges | 65/66B | €4,201 | €3,927 | -€274 | -6.5% |
| Recurring financial charges | 65 | €4,201 | €3,927 | -€274 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €1,889 | €60,059 | +€58,170 | +3,079% |
| Income taxes | 67/77 | €1,507 | €17,193 | +€15,686 | +1,041% |
| Profit (loss) for the period | 9904 | €382 | €42,865 | +€42,483 | +11,116% |
| Profit (loss) for the period to be appropriated | 9905 | €382 | €42,865 | +€42,483 | +11,116% |
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 31 October 2026 via checked.be.