Finavo: 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.
Finavo
Largest movements
- Cash +€111,319
up €111,319 (+232%), from €47,916 to €159,236
mainly Net result for the year (+€97,663) and Current investments (+€49,971)
- Current investments -€49,971
no longer reported in 2025 (was €49,971)
- Tangible fixed assets +€6,499
up €6,499 (+777%), from €836 to €7,336
of which Plant, machinery and equipment: +€3,600
- Receivables within one year +€5,521
up €5,521 (+8.8%), from €62,802 to €68,323
of which Trade receivables: +€4,081
- Reserves +€57,663
up €57,663 (+50.7%), from €113,705 to €171,368
- Tax, wage and social debts +€16,731
up €16,731 (+39.3%), from €42,616 to €59,347
- Gross operating margin +€12,155
up €12,155 (+10.4%), from €116,990 to €129,145
- Taxes +€3,550
up €3,550 (+14.5%), from €24,471 to €28,022
- Financial income +€1,997
new in 2025: €1,997
- Depreciation +€1,528
up €1,528 (+310%), from €492 to €2,020
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 | €163,300 | €237,617 | +€74,316 | +45.5% |
| Fixed assets | 21/28 | €836 | €7,336 | +€6,499 | +777% |
| Tangible fixed assets | 22/27 | €836 | €7,336 | +€6,499 | +777% |
| Plant, machinery and equipment | 23 | - | €3,600 | +€3,600 | |
| Furniture and vehicles | 24 | €836 | €3,736 | +€2,899 | +347% |
| Current assets | 29/58 | €162,464 | €230,281 | +€67,817 | +41.7% |
| Amounts receivable within one year | 40/41 | €62,802 | €68,323 | +€5,521 | +8.8% |
| Trade receivables | 40 | €62,802 | €66,883 | +€4,081 | +6.5% |
| Other amounts receivable | 41 | - | €1,440 | +€1,440 | |
| Current investments | 50/53 | €49,971 | - | -€49,971 | |
| Cash at bank and in hand | 54/58 | €47,916 | €159,236 | +€111,319 | +232% |
| Deferred charges and accrued income | 490/1 | €1,775 | €2,722 | +€947 | +53.4% |
| Total equity and liabilities | 10/49 | €163,300 | €237,617 | +€74,316 | +45.5% |
| Equity | 10/15 | €117,705 | €175,368 | +€57,663 | +49.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €113,705 | €171,368 | +€57,663 | +50.7% |
| Distributable reserves | 133 | €113,705 | €171,368 | +€57,663 | +50.7% |
| Amounts payable | 17/49 | €45,595 | €62,249 | +€16,654 | +36.5% |
| Amounts payable within one year | 42/48 | €45,294 | €62,249 | +€16,954 | +37.4% |
| Trade debts | 44 | €779 | €2,901 | +€2,123 | +273% |
| Suppliers | 440/4 | €779 | €2,901 | +€2,123 | +273% |
| Taxes, remuneration and social security | 45 | €42,616 | €59,347 | +€16,731 | +39.3% |
| Taxes | 450/3 | €42,616 | €59,347 | +€16,731 | +39.3% |
| Other amounts payable | 47/48 | €1,900 | - | -€1,900 | |
| Accrued charges and deferred income | 492/3 | €301 | - | -€301 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €492 | €2,020 | +€1,528 | +310% |
| Other operating charges | 640/8 | €1,779 | €2,963 | +€1,185 | +66.6% |
| Gross operating margin | 9900 | €116,990 | €129,145 | +€12,155 | +10.4% |
| Operating profit (loss) | 9901 | €114,719 | €124,162 | +€9,443 | +8.2% |
| Financial income | 75/76B | - | €1,997 | +€1,997 | |
| Recurring financial income | 75 | - | €1,997 | +€1,997 | |
| Financial charges | 65/66B | €1,002 | €475 | -€526 | -52.5% |
| Recurring financial charges | 65 | €1,002 | €475 | -€526 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €113,718 | €125,684 | +€11,966 | +10.5% |
| Income taxes | 67/77 | €24,471 | €28,022 | +€3,550 | +14.5% |
| Profit (loss) for the period | 9904 | €89,246 | €97,663 | +€8,416 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €89,246 | €97,663 | +€8,416 | +9.4% |
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 17 October 2026 via checked.be.