FINARTECH DEVELOPMENT: 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.
FINARTECH DEVELOPMENT
Largest movements
- Receivables within one year -€52,441
down €52,441 (-42.9%), from €122,347 to €69,906
of which Trade receivables: -€62,920
- Deferred charges and accrued income +€1,991
up €1,991 (+97.1%), from €2,050 to €4,042
- Cash -€1,756
no longer reported in 2025 (was €1,756)
mainly Contributions, distributions and other (-€65,000) and Other debts (-€25,000)
- Tangible fixed assets +€1,750
up €1,750 (+8.0%), from €21,935 to €23,685
of which Other tangible fixed assets: +€1,735
- Other debts -€25,000
down €25,000 (-27.8%), from €90,000 to €65,000
- Trade debts -€18,672
down €18,672 (-94.9%), from €19,684 to €1,011
- Profit (loss) carried forward -€6,494
down €6,494 (-66.3%), from €9,790 to €3,296
- Gross operating margin +€32,666
up €32,666 (+66.7%), from €48,972 to €81,638
- Taxes +€6,886
up €6,886 (+68.6%), from €10,038 to €16,925
- Financial income +€1,879
up €1,879 (+86.9%), from €2,163 to €4,042
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 | €151,088 | €100,633 | -€50,456 | -33.4% |
| Fixed assets | 21/28 | €24,935 | €26,685 | +€1,750 | +7.0% |
| Tangible fixed assets | 22/27 | €21,935 | €23,685 | +€1,750 | +8.0% |
| Land and buildings | 22 | €3,699 | €3,597 | -€101 | -2.7% |
| Furniture and vehicles | 24 | €7,697 | €7,814 | +€117 | +1.5% |
| Other tangible fixed assets | 26 | €10,539 | €12,274 | +€1,735 | +16.5% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €126,153 | €73,947 | -€52,206 | -41.4% |
| Amounts receivable within one year | 40/41 | €122,347 | €69,906 | -€52,441 | -42.9% |
| Trade receivables | 40 | €62,920 | - | -€62,920 | |
| Other amounts receivable | 41 | €59,427 | €69,906 | +€10,479 | +17.6% |
| Cash at bank and in hand | 54/58 | €1,756 | - | -€1,756 | |
| Deferred charges and accrued income | 490/1 | €2,050 | €4,042 | +€1,991 | +97.1% |
| Total equity and liabilities | 10/49 | €151,088 | €100,633 | -€50,456 | -33.4% |
| Equity | 10/15 | €12,790 | €6,296 | -€6,494 | -50.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,790 | €3,296 | -€6,494 | -66.3% |
| Amounts payable | 17/49 | €138,298 | €94,337 | -€43,962 | -31.8% |
| Amounts payable within one year | 42/48 | €137,746 | €94,137 | -€43,609 | -31.7% |
| Financial debts | 43 | - | €487 | +€487 | |
| Credit institutions | 430/8 | - | €487 | +€487 | |
| Trade debts | 44 | €19,684 | €1,011 | -€18,672 | -94.9% |
| Suppliers | 440/4 | €19,684 | €1,011 | -€18,672 | -94.9% |
| Taxes, remuneration and social security | 45 | €28,063 | €27,639 | -€424 | -1.5% |
| Taxes | 450/3 | €28,063 | €27,639 | -€424 | -1.5% |
| Other amounts payable | 47/48 | €90,000 | €65,000 | -€25,000 | -27.8% |
| Accrued charges and deferred income | 492/3 | €552 | €200 | -€352 | -63.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,140 | €6,097 | -€43 | -0.7% |
| Other operating charges | 640/8 | €1,861 | €1,174 | -€687 | -36.9% |
| Gross operating margin | 9900 | €48,972 | €81,638 | +€32,666 | +66.7% |
| Operating profit (loss) | 9901 | €40,971 | €74,366 | +€33,396 | +81.5% |
| Financial income | 75/76B | €2,163 | €4,042 | +€1,879 | +86.9% |
| Recurring financial income | 75 | €2,163 | €4,042 | +€1,879 | +86.9% |
| Financial charges | 65/66B | €2,849 | €2,978 | +€129 | +4.5% |
| Recurring financial charges | 65 | €2,849 | €2,978 | +€129 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €40,285 | €75,430 | +€35,146 | +87.2% |
| Income taxes | 67/77 | €10,038 | €16,925 | +€6,886 | +68.6% |
| Profit (loss) for the period | 9904 | €30,246 | €58,506 | +€28,260 | +93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,246 | €58,506 | +€28,260 | +93.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.