Finalyst: 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.
Finalyst
Largest movements
- Cash -€172,149
down €172,149 (-60.3%), from €285,595 to €113,446
mainly Other debts (-€216,774) and Investment in fixed assets (net) (-€46,000)
- Tangible fixed assets +€29,327
up €29,327 (+151.3%), from €19,383 to €48,710
of which Furniture and vehicles: +€34,988
- Receivables within one year +€28,128
new in 2025: €28,128
- Other debts -€216,774
down €216,774 (-100.0%), from €216,774 to €0
- Reserves +€109,650
up €109,650 (+250.7%), from €43,730 to €153,380
of which Distributable reserves: +€109,650
- Tax, wage and social debts -€7,692
down €7,692 (-29.0%), from €26,481 to €18,788
- Gross operating margin +€56,057
up €56,057 (+44.6%), from €125,726 to €181,783
- Taxes +€28,041
up €28,041 (+104.5%), from €26,827 to €54,868
- Depreciation +€8,481
up €8,481 (+103.5%), from €8,192 to €16,673
- Financial charges -€5,991
down €5,991 (-96.9%), from €6,181 to €190
of which Financial charges: -€5,891
- Financial income -€5,110
down €5,110 (-69.2%), from €7,379 to €2,269
of which Financial income: -€5,011
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 | €305,660 | €191,084 | -€114,576 | -37.5% |
| Fixed assets | 21/28 | €19,383 | €48,710 | +€29,327 | +151.3% |
| Tangible fixed assets | 22/27 | €19,383 | €48,710 | +€29,327 | +151.3% |
| Land and buildings | 22 | €1,244 | €926 | -€318 | -25.5% |
| Plant, machinery and equipment | 23 | €12,400 | €7,056 | -€5,344 | -43.1% |
| Furniture and vehicles | 24 | €5,739 | €40,727 | +€34,988 | +609.7% |
| Current assets | 29/58 | €286,277 | €142,374 | -€143,903 | -50.3% |
| Amounts receivable within one year | 40/41 | - | €28,128 | +€28,128 | |
| Other amounts receivable | 41 | - | €28,128 | +€28,128 | |
| Cash at bank and in hand | 54/58 | €285,595 | €113,446 | -€172,149 | -60.3% |
| Deferred charges and accrued income | 490/1 | €683 | €800 | +€117 | +17.2% |
| Total equity and liabilities | 10/49 | €305,660 | €191,084 | -€114,576 | -37.5% |
| Equity | 10/15 | €62,330 | €171,980 | +€109,650 | +175.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €43,730 | €153,380 | +€109,650 | +250.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €41,870 | €151,520 | +€109,650 | +261.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €243,330 | €19,104 | -€224,226 | -92.1% |
| Amounts payable within one year | 42/48 | €243,330 | €19,104 | -€224,226 | -92.1% |
| Trade debts | 44 | €76 | €0 | -€76 | -100.0% |
| Suppliers | 440/4 | €76 | €0 | -€76 | -100.0% |
| Advances received on contracts in progress | 46 | - | €316 | +€316 | |
| Taxes, remuneration and social security | 45 | €26,481 | €18,788 | -€7,692 | -29.0% |
| Taxes | 450/3 | €26,481 | €18,788 | -€7,692 | -29.0% |
| Other amounts payable | 47/48 | €216,774 | €0 | -€216,774 | -100.0% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,192 | €16,673 | +€8,481 | +103.5% |
| Other operating charges | 640/8 | €2,270 | €2,125 | -€144 | -6.4% |
| Non-recurring operating charges | 66A | - | €546 | +€546 | |
| Gross operating margin | 9900 | €125,726 | €181,783 | +€56,057 | +44.6% |
| Operating profit (loss) | 9901 | €115,264 | €162,439 | +€47,175 | +40.9% |
| Financial income | 75/76B | €7,379 | €2,269 | -€5,110 | -69.2% |
| Recurring financial income | 75 | €7,280 | €2,269 | -€5,011 | -68.8% |
| Non-recurring financial income | 76B | €98 | €0 | -€98 | -100.0% |
| Financial charges | 65/66B | €6,181 | €190 | -€5,991 | -96.9% |
| Recurring financial charges | 65 | €6,081 | €190 | -€5,891 | -96.9% |
| Non-recurring financial charges | 66B | €100 | €0 | -€100 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €116,462 | €164,518 | +€48,055 | +41.3% |
| Income taxes | 67/77 | €26,827 | €54,868 | +€28,041 | +104.5% |
| Profit (loss) for the period | 9904 | €89,636 | €109,650 | +€20,014 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €89,636 | €109,650 | +€20,014 | +22.3% |
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 9 October 2026 via checked.be.