FINBOR: 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.
FINBOR
Largest movements
- Receivables within one year -€20,490
down €20,490 (-56.9%), from €36,030 to €15,540
of which Trade receivables: -€20,378
- Cash +€6,204
up €6,204 (+20.1%), from €30,863 to €37,067
mainly Net result for the year (+€47,479) and Receivables within one year (+€20,490)
- Reserves +€47,479
up €47,479 (+57.1%), from €83,138 to €130,617
of which Tax-exempt reserves: +€47,479
- Other debts -€24,487
down €24,487 (-44.3%), from €55,274 to €30,787
- Debts after one year -€16,667
down €16,667 (-7.4%), from €225,000 to €208,333
- Accrued charges and deferred income -€14,378
down €14,378 (-93.1%), from €15,438 to €1,060
- Tax, wage and social debts -€6,176
down €6,176 (-32.1%), from €19,229 to €13,053
- Staff costs -€52,315
down €52,315 (-55.8%), from €93,750 to €41,435
- Purchases and services +€50,459
up €50,459 (+141.4%), from €35,674 to €86,133
- Gross operating margin -€20,014
down €20,014 (-13.0%), from €154,392 to €134,378
- Turnover +€15,727
up €15,727 (+9.0%), from €175,471 to €191,197
- Taxes +€8,584
up €8,584 (+86.9%), from €9,883 to €18,467
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €419,698 | €403,774 | -€15,925 | -3.8% |
| Fixed assets | 21/28 | €352,634 | €351,166 | -€1,468 | -0.4% |
| Tangible fixed assets | 22/27 | €352,634 | €351,166 | -€1,468 | -0.4% |
| Land and buildings | 22 | €340,555 | €327,954 | -€12,601 | -3.7% |
| Plant, machinery and equipment | 23 | €1,011 | €5,227 | +€4,216 | +416.8% |
| Furniture and vehicles | 24 | €410 | €8,713 | +€8,303 | +2027.4% |
| Other tangible fixed assets | 26 | €10,658 | €9,273 | -€1,386 | -13.0% |
| Current assets | 29/58 | €67,065 | €52,607 | -€14,457 | -21.6% |
| Amounts receivable within one year | 40/41 | €36,030 | €15,540 | -€20,490 | -56.9% |
| Trade receivables | 40 | €35,860 | €15,482 | -€20,378 | -56.8% |
| Other amounts receivable | 41 | €170 | €58 | -€112 | -65.7% |
| Cash at bank and in hand | 54/58 | €30,863 | €37,067 | +€6,204 | +20.1% |
| Deferred charges and accrued income | 490/1 | €172 | - | -€172 | |
| Total equity and liabilities | 10/49 | €419,698 | €403,774 | -€15,925 | -3.8% |
| Equity | 10/15 | €85,138 | €132,617 | +€47,479 | +55.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €83,138 | €130,617 | +€47,479 | +57.1% |
| Non-distributable reserves | 130/1 | €200 | €200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €200 | €200 | = | 0.0% |
| Tax-exempt reserves | 132 | €82,938 | €130,417 | +€47,479 | +57.2% |
| Amounts payable | 17/49 | €334,560 | €271,156 | -€63,404 | -19.0% |
| Amounts payable after more than one year | 17 | €225,000 | €208,333 | -€16,667 | -7.4% |
| Financial debts | 170/4 | €225,000 | €208,333 | -€16,667 | -7.4% |
| Amounts payable within one year | 42/48 | €94,123 | €61,764 | -€32,359 | -34.4% |
| Current portion of amounts payable after more than one year | 42 | €16,667 | €16,667 | = | 0.0% |
| Trade debts | 44 | €2,953 | €1,257 | -€1,696 | -57.4% |
| Suppliers | 440/4 | €2,953 | €1,257 | -€1,696 | -57.4% |
| Taxes, remuneration and social security | 45 | €19,229 | €13,053 | -€6,176 | -32.1% |
| Taxes | 450/3 | €19,229 | €13,053 | -€6,176 | -32.1% |
| Other amounts payable | 47/48 | €55,274 | €30,787 | -€24,487 | -44.3% |
| Accrued charges and deferred income | 492/3 | €15,438 | €1,060 | -€14,378 | -93.1% |
| Turnover | 70 | €175,471 | €191,197 | +€15,727 | +9.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €35,674 | €86,133 | +€50,459 | +141.4% |
| Remuneration, social security and pensions | 62 | €93,750 | €41,435 | -€52,315 | -55.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,234 | €16,103 | +€6,870 | +74.4% |
| Other operating charges | 640/8 | €1,815 | €3,656 | +€1,841 | +101.4% |
| Gross operating margin | 9900 | €154,392 | €134,378 | -€20,014 | -13.0% |
| Operating profit (loss) | 9901 | €49,593 | €73,184 | +€23,590 | +47.6% |
| Financial income | 75/76B | €382 | €0 | -€382 | -100.0% |
| Recurring financial income | 75 | €382 | €0 | -€382 | -100.0% |
| Financial charges | 65/66B | €11,011 | €7,238 | -€3,773 | -34.3% |
| Recurring financial charges | 65 | €11,011 | €7,238 | -€3,773 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €38,965 | €65,946 | +€26,981 | +69.2% |
| Income taxes | 67/77 | €9,883 | €18,467 | +€8,584 | +86.9% |
| Profit (loss) for the period | 9904 | €29,082 | €47,479 | +€18,397 | +63.3% |
| Transfer to tax-exempt reserves | 689 | €29,082 | €47,479 | +€18,397 | +63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €0 | €0 | = |
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 29 September 2026 via checked.be.