FINALYSE: 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
FINALYSE
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€542,666
2024 · -€678,809+€1.2m
Equity
€220,789
2024 · -€321,877+€542,666
Cash
€21,258
2024 · €13,555+€7,703
Balance sheet total
€3.7m
2024 · €2.4m+€1.3m
Largest movements
Assets
- Receivables after one year +€820,000
up €820,000 (+107.9%), from €760,000 to €1.6m
- Receivables within one year +€438,859
up €438,859 (+29.4%), from €1.5m to €1.9m
- Deferred charges and accrued income +€49,718
up €49,718 (+155.7%), from €31,934 to €81,652
- Tangible fixed assets -€43,933
down €43,933 (-31.0%), from €141,901 to €97,968
of which Other tangible fixed assets: -€33,808
Equity and liabilities
- Trade debts +€759,292
up €759,292 (+123.1%), from €616,765 to €1.4m
- Profit (loss) carried forward +€542,666
up €542,666 (+86.2%), from -€629,877 to -€87,211
- Accrued charges and deferred income +€232,308
up €232,308 (+63.6%), from €365,275 to €597,583
- Tax, wage and social debts -€176,207
down €176,207 (-19.6%), from €897,318 to €721,111
of which Taxes: -€90,159
- Short-term financial debts -€160,000
down €160,000 (-29.9%), from €535,000 to €375,000
Income statement
- Gross operating margin +€1.3m
up €1.3m (+36.1%), from €3.6m to €4.9m
- Provisions +€50,000
new in 2025: €50,000
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
-€678,809
Gross operating margin
+€1.3m
Staff costs
-€40,524
Depreciation
+€8,131
Provisions
-€50,000
Other operating charges
+€23,458
Financial income
-€20,341
Financial charges
+€11,079
Taxes
-€2,761
Result 2025
€542,666
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
+€144,571
Investment
-€1,156
Financing
-€135,712
Cash 2024
€13,555
From operations (derived)
+€144,571
Net result for the year
+€542,666
Depreciation
+€45,089
Receivables after one year
-€820,000
Receivables within one year
-€438,859
Deferred charges and accrued income
-€49,718
Provisions
+€50,000
Trade debts
+€759,292
Tax, wage and social debts
-€176,207
Accrued charges and deferred income
+€232,308
Investment (derived)
-€1,156
Investment in fixed assets (net)
-€1,156
Financing
-€135,712
Debts after one year
-€34,719
Current portion of long-term debt
+€59,007
Short-term financial debts
-€160,000
Cash 2025
€21,258
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,445,146 | €3,717,493 | +€1.3m | +52.0% |
| Fixed assets | 21/28 | €144,953 | €101,020 | -€43,933 | -30.3% |
| Tangible fixed assets | 22/27 | €141,901 | €97,968 | -€43,933 | -31.0% |
| Furniture and vehicles | 24 | €14,258 | €4,133 | -€10,125 | -71.0% |
| Other tangible fixed assets | 26 | €127,643 | €93,835 | -€33,808 | -26.5% |
| Financial fixed assets | 28 | €3,052 | €3,052 | = | 0.0% |
| Current assets | 29/58 | €2,300,193 | €3,616,473 | +€1.3m | +57.2% |
| Amounts receivable after more than one year | 29 | €760,000 | €1,580,000 | +€820,000 | +107.9% |
| Other amounts receivable | 291 | €760,000 | €1,580,000 | +€820,000 | +107.9% |
| Amounts receivable within one year | 40/41 | €1,494,704 | €1,933,563 | +€438,859 | +29.4% |
| Trade receivables | 40 | €1,494,704 | €1,933,563 | +€438,859 | +29.4% |
| Cash at bank and in hand | 54/58 | €13,555 | €21,258 | +€7,703 | +56.8% |
| Deferred charges and accrued income | 490/1 | €31,934 | €81,652 | +€49,718 | +155.7% |
| Total equity and liabilities | 10/49 | €2,445,146 | €3,717,493 | +€1.3m | +52.0% |
| Equity | 10/15 | -€321,877 | €220,789 | +€542,666 | |
| Contributions | 10/11 | €280,000 | €280,000 | = | 0.0% |
| Capital | 10 | €280,000 | €280,000 | = | 0.0% |
| Issued capital | 100 | €280,000 | €280,000 | = | 0.0% |
| Reserves | 13 | €28,000 | €28,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,000 | €28,000 | = | 0.0% |
| Legal reserve | 130 | €28,000 | €28,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€629,877 | -€87,211 | +€542,666 | +86.2% |
| Provisions and deferred taxes | 16 | - | €50,000 | +€50,000 | |
| Provisions for liabilities and charges | 160/5 | - | €50,000 | +€50,000 | |
| Other liabilities and charges | 164/5 | - | €50,000 | +€50,000 | |
| Amounts payable | 17/49 | €2,767,023 | €3,446,704 | +€679,681 | +24.6% |
| Amounts payable after more than one year | 17 | €84,873 | €50,154 | -€34,719 | -40.9% |
| Financial debts | 170/4 | €84,873 | €50,154 | -€34,719 | -40.9% |
| Amounts payable within one year | 42/48 | €2,316,875 | €2,798,967 | +€482,092 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €267,792 | €326,799 | +€59,007 | +22.0% |
| Financial debts | 43 | €535,000 | €375,000 | -€160,000 | -29.9% |
| Credit institutions | 430/8 | €535,000 | €375,000 | -€160,000 | -29.9% |
| Trade debts | 44 | €616,765 | €1,376,057 | +€759,292 | +123.1% |
| Suppliers | 440/4 | €616,765 | €1,376,057 | +€759,292 | +123.1% |
| Taxes, remuneration and social security | 45 | €897,318 | €721,111 | -€176,207 | -19.6% |
| Taxes | 450/3 | €167,498 | €77,339 | -€90,159 | -53.8% |
| Remuneration and social security | 454/9 | €729,820 | €643,772 | -€86,048 | -11.8% |
| Accrued charges and deferred income | 492/3 | €365,275 | €597,583 | +€232,308 | +63.6% |
| Remuneration, social security and pensions | 62 | €4,155,563 | €4,196,087 | +€40,524 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,220 | €45,089 | -€8,131 | -15.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €50,000 | +€50,000 | |
| Other operating charges | 640/8 | €50,041 | €26,583 | -€23,458 | -46.9% |
| Gross operating margin | 9900 | €3,579,098 | €4,871,531 | +€1.3m | +36.1% |
| Operating profit (loss) | 9901 | -€679,726 | €553,772 | +€1.2m | |
| Financial income | 75/76B | €67,436 | €47,095 | -€20,341 | -30.2% |
| Recurring financial income | 75 | €67,436 | €47,095 | -€20,341 | -30.2% |
| Financial charges | 65/66B | €67,722 | €56,643 | -€11,079 | -16.4% |
| Recurring financial charges | 65 | €67,722 | €56,643 | -€11,079 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | -€680,012 | €544,224 | +€1.2m | |
| Income taxes | 67/77 | -€1,203 | €1,558 | +€2,761 | |
| Profit (loss) for the period | 9904 | -€678,809 | €542,666 | +€1.2m | |
| Profit (loss) for the period to be appropriated | 9905 | -€678,809 | €542,666 | +€1.2m |
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 4 October 2026 via checked.be.