FINASO: 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.
FINASO
Largest movements
- Financial fixed assets +€388,084
up €388,084 (+2.9%), from €13.3m to €13.7m
- Receivables after one year -€205,000
down €205,000 (-8.3%), from €2.5m to €2.3m
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€27,420
up €27,420 (+67.5%), from -€40,647 to -€13,227
- Purchases and services -€27,420
down €27,420 (-67.5%), from €40,647 to €13,227
- Financial income +€8,333
up €8,333 (+5.6%), from €147,838 to €156,171
- Financial charges +€5,029
up €5,029, from -€593 to €4,436
- Taxes -€1,730
new in 2025: -€1,730
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 | €16,413,682 | €16,532,084 | +€118,402 | +0.7% |
| Fixed assets | 21/28 | €13,284,249 | €13,672,333 | +€388,084 | +2.9% |
| Financial fixed assets | 28 | €13,284,249 | €13,672,333 | +€388,084 | +2.9% |
| Current assets | 29/58 | €3,129,434 | €2,859,752 | -€269,682 | -8.6% |
| Amounts receivable after more than one year | 29 | €2,468,000 | €2,263,000 | -€205,000 | -8.3% |
| Other amounts receivable | 291 | €2,468,000 | €2,263,000 | -€205,000 | -8.3% |
| Amounts receivable within one year | 40/41 | €1,815 | €2,911 | +€1,096 | +60.4% |
| Other amounts receivable | 41 | €1,815 | €2,911 | +€1,096 | +60.4% |
| Current investments | 50/53 | €199,998 | €96,913 | -€103,085 | -51.5% |
| Cash at bank and in hand | 54/58 | €148,074 | €95,485 | -€52,588 | -35.5% |
| Deferred charges and accrued income | 490/1 | €311,547 | €401,443 | +€89,896 | +28.9% |
| Total equity and liabilities | 10/49 | €16,413,682 | €16,532,084 | +€118,402 | +0.7% |
| Equity | 10/15 | €15,855,134 | €15,994,373 | +€139,239 | +0.9% |
| Contributions | 10/11 | €16,321,310 | €16,321,310 | = | 0.0% |
| Capital | 10 | €16,321,310 | €16,321,310 | = | 0.0% |
| Issued capital | 100 | €16,321,310 | €16,321,310 | = | 0.0% |
| Reserves | 13 | €54,601 | €54,601 | = | 0.0% |
| Non-distributable reserves | 130/1 | €54,601 | €54,601 | = | 0.0% |
| Legal reserve | 130 | €54,601 | €54,601 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€520,776 | -€381,537 | +€139,239 | +26.7% |
| Amounts payable | 17/49 | €558,548 | €537,711 | -€20,837 | -3.7% |
| Amounts payable within one year | 42/48 | €543,524 | €522,687 | -€20,837 | -3.8% |
| Trade debts | 44 | €7,362 | €11,324 | +€3,963 | +53.8% |
| Suppliers | 440/4 | €7,362 | €11,324 | +€3,963 | +53.8% |
| Other amounts payable | 47/48 | €536,163 | €511,363 | -€24,800 | -4.6% |
| Accrued charges and deferred income | 492/3 | €15,024 | €15,024 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €40,647 | €13,227 | -€27,420 | -67.5% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€40,647 | -€13,227 | +€27,420 | +67.5% |
| Operating profit (loss) | 9901 | -€41,615 | -€14,226 | +€27,389 | +65.8% |
| Financial income | 75/76B | €147,838 | €156,171 | +€8,333 | +5.6% |
| Recurring financial income | 75 | €147,838 | €156,171 | +€8,333 | +5.6% |
| Financial charges | 65/66B | -€593 | €4,436 | +€5,029 | |
| Recurring financial charges | 65 | -€593 | €4,436 | +€5,029 | |
| Profit (loss) for the period before taxes | 9903 | €106,816 | €137,509 | +€30,693 | +28.7% |
| Income taxes | 67/77 | - | -€1,730 | -€1,730 | |
| Profit (loss) for the period | 9904 | €106,816 | €139,239 | +€32,424 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €106,816 | €139,239 | +€32,424 | +30.4% |
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 7 October 2026 via checked.be.