FINASTIBO: 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.
FINASTIBO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€33,580
down €33,580 (-40.6%), from €82,699 to €49,120
- Financial charges +€11,947
up €11,947, from -€11,693 to €254
- Taxes -€8,609
down €8,609 (-39.4%), from €21,869 to €13,260
- Depreciation +€5,233
up €5,233 (+23.5%), from €22,239 to €27,473
- Gross operating margin -€2,082
down €2,082 (-13.1%), from €15,850 to €13,767
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 | €5,582,103 | €5,593,233 | +€11,130 | +0.2% |
| Fixed assets | 21/28 | €3,682,757 | €3,655,284 | -€27,473 | -0.7% |
| Tangible fixed assets | 22/27 | €520,871 | €493,399 | -€27,473 | -5.3% |
| Land and buildings | 22 | €468,517 | €452,821 | -€15,695 | -3.3% |
| Furniture and vehicles | 24 | €52,355 | €40,577 | -€11,777 | -22.5% |
| Financial fixed assets | 28 | €3,161,886 | €3,161,886 | = | 0.0% |
| Current assets | 29/58 | €1,899,346 | €1,937,949 | +€38,603 | +2.0% |
| Amounts receivable within one year | 40/41 | €903,941 | €951,659 | +€47,718 | +5.3% |
| Other amounts receivable | 41 | €903,941 | €951,659 | +€47,718 | +5.3% |
| Current investments | 50/53 | €982,777 | €982,777 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,589 | €1,467 | -€9,122 | -86.1% |
| Deferred charges and accrued income | 490/1 | €2,040 | €2,046 | +€7 | +0.3% |
| Total equity and liabilities | 10/49 | €5,582,103 | €5,593,233 | +€11,130 | +0.2% |
| Equity | 10/15 | €5,503,899 | €5,521,589 | +€17,690 | +0.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €145,910 | €138,137 | -€7,772 | -5.3% |
| Non-distributable reserves | 130/1 | €37,184 | €37,184 | = | 0.0% |
| Legal reserve | 130 | €37,184 | €37,184 | = | 0.0% |
| Tax-exempt reserves | 132 | €108,726 | €100,953 | -€7,772 | -7.1% |
| Profit (loss) carried forward | 14 | €5,296,490 | €5,321,952 | +€25,462 | +0.5% |
| Provisions and deferred taxes | 16 | €36,242 | €33,651 | -€2,591 | -7.1% |
| Deferred taxes | 168 | €36,242 | €33,651 | -€2,591 | -7.1% |
| Amounts payable | 17/49 | €41,962 | €37,993 | -€3,969 | -9.5% |
| Amounts payable within one year | 42/48 | €41,962 | €37,993 | -€3,969 | -9.5% |
| Trade debts | 44 | €3,759 | €5,040 | +€1,281 | +34.1% |
| Suppliers | 440/4 | €3,759 | €5,040 | +€1,281 | +34.1% |
| Taxes, remuneration and social security | 45 | €21,869 | €13,260 | -€8,609 | -39.4% |
| Taxes | 450/3 | €21,869 | €13,260 | -€8,609 | -39.4% |
| Other amounts payable | 47/48 | €16,334 | €19,692 | +€3,359 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,239 | €27,473 | +€5,233 | +23.5% |
| Other operating charges | 640/8 | €7,902 | €6,801 | -€1,101 | -13.9% |
| Gross operating margin | 9900 | €15,850 | €13,767 | -€2,082 | -13.1% |
| Operating profit (loss) | 9901 | -€14,292 | -€20,506 | -€6,214 | -43.5% |
| Financial income | 75/76B | €82,699 | €49,120 | -€33,580 | -40.6% |
| Recurring financial income | 75 | €82,699 | €49,120 | -€33,580 | -40.6% |
| Financial charges | 65/66B | -€11,693 | €254 | +€11,947 | |
| Recurring financial charges | 65 | -€11,693 | €254 | +€11,947 | |
| Profit (loss) for the period before taxes | 9903 | €80,100 | €28,359 | -€51,741 | -64.6% |
| Transfer from deferred taxes | 780 | €2,591 | €2,591 | = | 0.0% |
| Income taxes | 67/77 | €21,869 | €13,260 | -€8,609 | -39.4% |
| Profit (loss) for the period | 9904 | €60,822 | €17,690 | -€43,132 | -70.9% |
| Transfer from tax-exempt reserves | 789 | €7,772 | €7,772 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €68,594 | €25,462 | -€43,132 | -62.9% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.