FINASSUR: 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.
FINASSUR
Largest movements
- Receivables within one year +€57,827
up €57,827 (+56.0%), from €103,327 to €161,154
- Tangible fixed assets -€53,767
down €53,767 (-65.1%), from €82,588 to €28,821
of which Land and buildings: -€47,330
- Cash -€3,425
down €3,425 (-98.2%), from €3,487 to €62
mainly Receivables within one year (-€57,827) and Current portion of long-term debt (-€21,035)
- Current portion of long-term debt -€21,035
no longer reported in 2025 (was €21,035)
- Other debts +€19,781
up €19,781 (+273%), from €7,246 to €27,028
- Profit (loss) carried forward +€12,382
up €12,382 (+64.2%), from €19,282 to €31,665
- Trade debts -€9,535
down €9,535 (-91.8%), from €10,390 to €855
- Gross operating margin +€30,088
up €30,088, from -€12,239 to €17,849
- Depreciation -€4,708
down €4,708 (-59.0%), from €7,978 to €3,270
- Financial charges -€1,114
down €1,114 (-93.2%), from €1,196 to €82
- Other operating charges -€459
down €459 (-17.7%), from €2,593 to €2,134
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.
Derived cash bridge
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 | €189,694 | €190,329 | +€635 | +0.3% |
| Fixed assets | 21/28 | €82,880 | €29,113 | -€53,767 | -64.9% |
| Tangible fixed assets | 22/27 | €82,588 | €28,821 | -€53,767 | -65.1% |
| Land and buildings | 22 | €71,172 | €23,842 | -€47,330 | -66.5% |
| Plant, machinery and equipment | 23 | €9,209 | €4,048 | -€5,161 | -56.0% |
| Furniture and vehicles | 24 | €2,206 | €931 | -€1,276 | -57.8% |
| Financial fixed assets | 28 | €292 | €292 | = | 0.0% |
| Current assets | 29/58 | €106,814 | €161,216 | +€54,402 | +50.9% |
| Amounts receivable within one year | 40/41 | €103,327 | €161,154 | +€57,827 | +56.0% |
| Other amounts receivable | 41 | €103,327 | €161,154 | +€57,827 | +56.0% |
| Cash at bank and in hand | 54/58 | €3,487 | €62 | -€3,425 | -98.2% |
| Total equity and liabilities | 10/49 | €189,694 | €190,329 | +€635 | +0.3% |
| Equity | 10/15 | €149,940 | €162,323 | +€12,382 | +8.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €124,452 | €124,452 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,750 | €33,750 | = | 0.0% |
| Distributable reserves | 133 | €88,842 | €88,842 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,282 | €31,665 | +€12,382 | +64.2% |
| Amounts payable | 17/49 | €39,754 | €28,007 | -€11,747 | -29.5% |
| Amounts payable after more than one year | 17 | €1,082 | - | -€1,082 | |
| Financial debts | 170/4 | €1,082 | - | -€1,082 | |
| Amounts payable within one year | 42/48 | €38,671 | €28,007 | -€10,665 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €21,035 | - | -€21,035 | |
| Financial debts | 43 | - | €124 | +€124 | |
| Credit institutions | 430/8 | - | €124 | +€124 | |
| Trade debts | 44 | €10,390 | €855 | -€9,535 | -91.8% |
| Suppliers | 440/4 | €10,390 | €855 | -€9,535 | -91.8% |
| Other amounts payable | 47/48 | €7,246 | €27,028 | +€19,781 | +273% |
| Non-recurring operating income | 76A | - | €29,423 | +€29,423 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,978 | €3,270 | -€4,708 | -59.0% |
| Other operating charges | 640/8 | €2,593 | €2,134 | -€459 | -17.7% |
| Gross operating margin | 9900 | -€12,239 | €17,849 | +€30,088 | |
| Operating profit (loss) | 9901 | -€22,810 | €12,445 | +€35,255 | |
| Financial income | 75/76B | €5 | €20 | +€15 | +325% |
| Recurring financial income | 75 | €5 | €20 | +€15 | +325% |
| Financial charges | 65/66B | €1,196 | €82 | -€1,114 | -93.2% |
| Recurring financial charges | 65 | €1,196 | €82 | -€1,114 | -93.2% |
| Profit (loss) for the period before taxes | 9903 | -€24,002 | €12,382 | +€36,384 | |
| Income taxes | 67/77 | - | €0 | +€0 | |
| Profit (loss) for the period | 9904 | -€24,002 | €12,382 | +€36,384 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,002 | €12,382 | +€36,384 |
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 22 October 2026 via checked.be.