FINATCO: 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.
What changed
FINATCO
NACE 73.200, Market research and public opinion polling
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€471,456
2024 · €85,685+€385,771
Equity
€4.2m
2024 · €3.8m+€471,456
Cash
€142,457
2024 · €227,636-€85,179
Balance sheet total
€5.5m
2024 · €5.6m-€117,376
Largest movements
Assets
- Cash -€85,179
down €85,179 (-37.4%), from €227,636 to €142,457
mainly Current portion of long-term debt (-€1.0m) and Other debts (-€48,780)
Equity and liabilities
- Current portion of long-term debt -€1.0m
no longer reported in 2025 (was €1.0m)
- Reserves +€471,456
up €471,456 (+12.7%), from €3.7m to €4.2m
of which Distributable reserves: +€476,667
- Debts after one year +€403,790
up €403,790 (+88.3%), from €457,472 to €861,262
Income statement
- Gross operating margin +€345,626
up €345,626 (+113.6%), from €304,280 to €649,906
- Financial charges -€69,599
down €69,599 (-56.7%), from €122,819 to €53,220
of which Non-recurring financial charges: -€60,000
- Taxes +€57,852
up €57,852 (+127.6%), from €45,322 to €103,175
- Depreciation -€19,398
down €19,398 (-22.4%), from €86,527 to €67,128
- Financial income +€14,552
up €14,552 (+34.2%), from €42,594 to €57,146
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.
Result 2024
€85,685
Gross operating margin
+€345,626
Depreciation
+€19,398
Other operating charges
-€1,201
Other operating items
-€4,351
Financial income
+€14,552
Financial charges
+€69,599
Taxes
-€57,852
Result 2025
€471,456
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.
From operations
+€546,388
Investment
-€28,173
Financing
-€603,394
Cash 2024
€227,636
From operations (derived)
+€546,388
Net result for the year
+€471,456
Depreciation
+€67,128
Receivables within one year
-€7,107
Deferred charges and accrued income
+€348
Provisions
-€2,683
Trade debts
+€16,714
Tax, wage and social debts
+€43,709
Other debts
-€48,780
Accrued charges and deferred income
+€5,600
Investment (derived)
-€28,173
Investment in fixed assets (net)
-€28,173
Financing
-€603,394
Debts after one year
+€403,790
Current portion of long-term debt
-€1.0m
Short-term financial debts
-€1
Cash 2025
€142,457
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,597,953 | €5,480,576 | -€117,376 | -2.1% |
| Fixed assets | 21/28 | €5,360,360 | €5,321,405 | -€38,956 | -0.7% |
| Tangible fixed assets | 22/27 | €1,640,922 | €1,647,990 | +€7,068 | +0.4% |
| Land and buildings | 22 | €1,391,259 | €1,349,400 | -€41,859 | -3.0% |
| Plant, machinery and equipment | 23 | €108,236 | €158,310 | +€50,074 | +46.3% |
| Furniture and vehicles | 24 | €7,989 | €8,792 | +€803 | +10.1% |
| Leasing and similar rights | 25 | €4,351 | - | -€4,351 | |
| Other tangible fixed assets | 26 | €129,088 | €131,488 | +€2,400 | +1.9% |
| Financial fixed assets | 28 | €3,719,438 | €3,673,415 | -€46,023 | -1.2% |
| Current assets | 29/58 | €237,592 | €159,172 | -€78,421 | -33.0% |
| Amounts receivable within one year | 40/41 | €5,319 | €12,426 | +€7,107 | +133.6% |
| Trade receivables | 40 | €4,536 | €12,426 | +€7,890 | +173.9% |
| Other amounts receivable | 41 | €783 | - | -€783 | |
| Cash at bank and in hand | 54/58 | €227,636 | €142,457 | -€85,179 | -37.4% |
| Deferred charges and accrued income | 490/1 | €4,638 | €4,289 | -€348 | -7.5% |
| Total equity and liabilities | 10/49 | €5,597,953 | €5,480,576 | -€117,376 | -2.1% |
| Equity | 10/15 | €3,770,316 | €4,241,772 | +€471,456 | +12.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €3,708,316 | €4,179,772 | +€471,456 | +12.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €102,893 | €97,683 | -€5,210 | -5.1% |
| Distributable reserves | 133 | €3,599,223 | €4,075,890 | +€476,667 | +13.2% |
| Provisions and deferred taxes | 16 | €52,982 | €50,299 | -€2,683 | -5.1% |
| Deferred taxes | 168 | €52,982 | €50,299 | -€2,683 | -5.1% |
| Amounts payable | 17/49 | €1,774,655 | €1,188,505 | -€586,150 | -33.0% |
| Amounts payable after more than one year | 17 | €457,472 | €861,262 | +€403,790 | +88.3% |
| Financial debts | 170/4 | €457,472 | €861,262 | +€403,790 | +88.3% |
| Amounts payable within one year | 42/48 | €1,315,793 | €320,253 | -€995,540 | -75.7% |
| Current portion of amounts payable after more than one year | 42 | €1,007,183 | - | -€1.0m | |
| Financial debts | 43 | €1 | - | -€1 | |
| Credit institutions | 430/8 | €1 | - | -€1 | |
| Trade debts | 44 | €1,808 | €18,522 | +€16,714 | +924.6% |
| Suppliers | 440/4 | €1,808 | €18,522 | +€16,714 | +924.6% |
| Taxes, remuneration and social security | 45 | €94,883 | €138,592 | +€43,709 | +46.1% |
| Taxes | 450/3 | €94,883 | €138,592 | +€43,709 | +46.1% |
| Other amounts payable | 47/48 | €211,919 | €163,139 | -€48,780 | -23.0% |
| Accrued charges and deferred income | 492/3 | €1,390 | €6,990 | +€5,600 | +402.9% |
| Non-recurring operating income | 76A | - | €152,326 | +€152,326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,527 | €67,128 | -€19,398 | -22.4% |
| Other operating charges | 640/8 | €9,203 | €10,404 | +€1,201 | +13.1% |
| Non-recurring operating charges | 66A | - | €4,351 | +€4,351 | |
| Gross operating margin | 9900 | €304,280 | €649,906 | +€345,626 | +113.6% |
| Operating profit (loss) | 9901 | €208,550 | €568,023 | +€359,472 | +172.4% |
| Financial income | 75/76B | €42,594 | €57,146 | +€14,552 | +34.2% |
| Recurring financial income | 75 | €42,594 | €57,146 | +€14,552 | +34.2% |
| Financial charges | 65/66B | €122,819 | €53,220 | -€69,599 | -56.7% |
| Recurring financial charges | 65 | €62,819 | €53,220 | -€9,599 | -15.3% |
| Non-recurring financial charges | 66B | €60,000 | - | -€60,000 | |
| Profit (loss) for the period before taxes | 9903 | €128,325 | €571,948 | +€443,623 | +345.7% |
| Transfer from deferred taxes | 780 | €2,683 | €2,683 | = | 0.0% |
| Income taxes | 67/77 | €45,322 | €103,175 | +€57,852 | +127.6% |
| Profit (loss) for the period | 9904 | €85,685 | €471,456 | +€385,771 | +450.2% |
| Transfer from tax-exempt reserves | 789 | €5,210 | €5,210 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €90,896 | €476,667 | +€385,771 | +424.4% |
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 8 October 2026 via checked.be.