FINANCE PARTNER: 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.
FINANCE PARTNER
Largest movements
- Cash +€34,201
up €34,201 (+37.6%), from €90,898 to €125,099
mainly Other debts (+€28,880) and Receivables within one year (+€28,652)
- Receivables within one year -€28,652
down €28,652 (-95.1%), from €30,134 to €1,482
of which Trade receivables: -€17,873
- Current investments +€24,390
up €24,390 (+18.9%), from €129,145 to €153,535
- Deferred charges and accrued income -€9,568
down €9,568 (-75.9%), from €12,607 to €3,039
- Tangible fixed assets -€5,862
down €5,862 (-20.4%), from €28,755 to €22,893
- Other debts +€28,880
new in 2025: €28,880
- Reserves -€14,200
down €14,200 (-7.8%), from €182,405 to €168,205
of which Distributable reserves: -€14,200
- Gross operating margin +€9,889
up €9,889 (+27.2%), from €36,366 to €46,255
- Taxes +€3,212
up €3,212 (+36.8%), from €8,731 to €11,943
- Financial income +€1,492
up €1,492 (+46.1%), from €3,234 to €4,726
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 | €291,539 | €306,047 | +€14,508 | +5.0% |
| Fixed assets | 21/28 | €28,755 | €22,893 | -€5,862 | -20.4% |
| Tangible fixed assets | 22/27 | €28,755 | €22,893 | -€5,862 | -20.4% |
| Furniture and vehicles | 24 | €28,755 | €22,893 | -€5,862 | -20.4% |
| Current assets | 29/58 | €262,784 | €283,154 | +€20,370 | +7.8% |
| Amounts receivable within one year | 40/41 | €30,134 | €1,482 | -€28,652 | -95.1% |
| Trade receivables | 40 | €19,355 | €1,482 | -€17,873 | -92.3% |
| Other amounts receivable | 41 | €10,779 | €0 | -€10,779 | -100.0% |
| Current investments | 50/53 | €129,145 | €153,535 | +€24,390 | +18.9% |
| Cash at bank and in hand | 54/58 | €90,898 | €125,099 | +€34,201 | +37.6% |
| Deferred charges and accrued income | 490/1 | €12,607 | €3,039 | -€9,568 | -75.9% |
| Total equity and liabilities | 10/49 | €291,539 | €306,047 | +€14,508 | +5.0% |
| Equity | 10/15 | €280,457 | €266,461 | -€13,997 | -5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €182,405 | €168,205 | -€14,200 | -7.8% |
| 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 | €180,545 | €166,345 | -€14,200 | -7.9% |
| Profit (loss) carried forward | 14 | €91,852 | €92,056 | +€203 | +0.2% |
| Amounts payable | 17/49 | €11,081 | €39,586 | +€28,505 | +257.2% |
| Amounts payable within one year | 42/48 | €11,081 | €39,586 | +€28,505 | +257.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,731 | €912 | -€1,820 | -66.6% |
| Suppliers | 440/4 | €2,731 | €912 | -€1,820 | -66.6% |
| Taxes, remuneration and social security | 45 | €8,350 | €9,795 | +€1,445 | +17.3% |
| Taxes | 450/3 | €4,308 | €6,667 | +€2,359 | +54.8% |
| Remuneration and social security | 454/9 | €4,042 | €3,128 | -€914 | -22.6% |
| Other amounts payable | 47/48 | - | €28,880 | +€28,880 | |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,341 | €9,675 | +€334 | +3.6% |
| Other operating charges | 640/8 | €537 | €537 | -€0 | 0.0% |
| Non-recurring operating charges | 66A | - | €934 | +€934 | |
| Gross operating margin | 9900 | €36,366 | €46,255 | +€9,889 | +27.2% |
| Operating profit (loss) | 9901 | €26,488 | €35,109 | +€8,621 | +32.5% |
| Financial income | 75/76B | €3,234 | €4,726 | +€1,492 | +46.1% |
| Recurring financial income | 75 | €3,234 | €4,726 | +€1,492 | +46.1% |
| Financial charges | 65/66B | €998 | €689 | -€310 | -31.0% |
| Recurring financial charges | 65 | €998 | €689 | -€310 | -31.0% |
| Profit (loss) for the period before taxes | 9903 | €28,723 | €39,146 | +€10,423 | +36.3% |
| Income taxes | 67/77 | €8,731 | €11,943 | +€3,212 | +36.8% |
| Profit (loss) for the period | 9904 | €19,992 | €27,203 | +€7,211 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,992 | €27,203 | +€7,211 | +36.1% |
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.