FINAXO: 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.
FINAXO
Largest movements
- Cash +€27,150
up €27,150 (+52,915%), from €51 to €27,202
mainly Net result for the year (+€37,279) and Receivables within one year (+€18,878)
- Receivables within one year -€18,878
down €18,878 (-21.8%), from €86,691 to €67,814
- Profit (loss) carried forward +€37,279
up €37,279 (+8.2%), from -€456,209 to -€418,929
- Current portion of long-term debt -€21,730
no longer reported in 2025 (was €21,730)
- Advances received -€13,615
no longer reported in 2025 (was €13,615)
- Gross operating margin -€4,838
down €4,838 (-11.1%), from €43,634 to €38,796
- Financial charges -€603
down €603 (-53.8%), from €1,122 to €518
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 | €928,550 | €936,822 | +€8,273 | +0.9% |
| Fixed assets | 21/28 | €841,807 | €841,807 | = | 0.0% |
| Financial fixed assets | 28 | €841,807 | €841,807 | = | 0.0% |
| Current assets | 29/58 | €86,743 | €95,015 | +€8,273 | +9.5% |
| Amounts receivable within one year | 40/41 | €86,691 | €67,814 | -€18,878 | -21.8% |
| Trade receivables | 40 | €86,691 | €67,814 | -€18,878 | -21.8% |
| Cash at bank and in hand | 54/58 | €51 | €27,202 | +€27,150 | +52,915% |
| Total equity and liabilities | 10/49 | €928,550 | €936,822 | +€8,273 | +0.9% |
| Equity | 10/15 | €793,791 | €831,071 | +€37,279 | +4.7% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€456,209 | -€418,929 | +€37,279 | +8.2% |
| Amounts payable | 17/49 | €134,758 | €105,752 | -€29,007 | -21.5% |
| Amounts payable within one year | 42/48 | €134,758 | €105,752 | -€29,007 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €21,730 | - | -€21,730 | |
| Trade debts | 44 | €8,286 | €15,660 | +€7,375 | +89.0% |
| Suppliers | 440/4 | €8,286 | €15,660 | +€7,375 | +89.0% |
| Advances received on contracts in progress | 46 | €13,615 | - | -€13,615 | |
| Taxes, remuneration and social security | 45 | €2,834 | €1,798 | -€1,036 | -36.6% |
| Taxes | 450/3 | €2,834 | €1,798 | -€1,036 | -36.6% |
| Other amounts payable | 47/48 | €88,294 | €88,294 | = | 0.0% |
| Other operating charges | 640/8 | €968 | €998 | +€30 | +3.1% |
| Gross operating margin | 9900 | €43,634 | €38,796 | -€4,838 | -11.1% |
| Operating profit (loss) | 9901 | €42,666 | €37,798 | -€4,868 | -11.4% |
| Financial charges | 65/66B | €1,122 | €518 | -€603 | -53.8% |
| Recurring financial charges | 65 | €1,122 | €518 | -€603 | -53.8% |
| Profit (loss) for the period before taxes | 9903 | €41,544 | €37,279 | -€4,265 | -10.3% |
| Profit (loss) for the period | 9904 | €41,544 | €37,279 | -€4,265 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,544 | €37,279 | -€4,265 | -10.3% |
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 13 October 2026 via checked.be.