finc: 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.
finc
Largest movements
- Current investments +€600,000
new in 2025: €600,000
- Cash +€411,216
up €411,216 (+55.0%), from €748,145 to €1.2m
mainly Net result for the year (+€568,845) and Depreciation (+€372,440)
- Intangible fixed assets -€93,528
down €93,528 (-11.6%), from €806,515 to €712,987
- Reserves +€568,845
up €568,845 (+151.3%), from €376,006 to €944,851
of which Distributable reserves: +€568,845
- Tax, wage and social debts +€172,121
up €172,121 (+35.6%), from €483,985 to €656,106
of which Remuneration and social security: +€159,054
- Trade debts +€157,991
up €157,991 (+27.8%), from €568,670 to €726,661
- Turnover +€2.2m
up €2.2m (+30.8%), from €7.1m to €9.2m
- Gross operating margin +€1.5m
up €1.5m (+43.8%), from €3.5m to €5.0m
- Staff costs +€915,497
up €915,497 (+32.5%), from €2.8m to €3.7m
- Purchases and services +€672,723
up €672,723 (+18.2%), from €3.7m to €4.4m
- Taxes +€199,554
up €199,554 (+5888.3%), from €3,389 to €202,943
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 | €2,190,720 | €3,088,269 | +€897,549 | +41.0% |
| Fixed assets | 21/28 | €912,358 | €818,787 | -€93,571 | -10.3% |
| Intangible fixed assets | 21 | €806,515 | €712,987 | -€93,528 | -11.6% |
| Tangible fixed assets | 22/27 | €105,519 | €105,476 | -€43 | 0.0% |
| Plant, machinery and equipment | 23 | €8,368 | - | -€8,368 | |
| Furniture and vehicles | 24 | €91,920 | €105,476 | +€13,556 | +14.7% |
| Other tangible fixed assets | 26 | €5,231 | - | -€5,231 | |
| Financial fixed assets | 28 | €324 | €324 | = | 0.0% |
| Current assets | 29/58 | €1,278,362 | €2,269,482 | +€991,120 | +77.5% |
| Amounts receivable within one year | 40/41 | €406,463 | €400,733 | -€5,730 | -1.4% |
| Trade receivables | 40 | €406,152 | €392,733 | -€13,419 | -3.3% |
| Other amounts receivable | 41 | €311 | €8,000 | +€7,689 | +2472.3% |
| Current investments | 50/53 | - | €600,000 | +€600,000 | |
| Cash at bank and in hand | 54/58 | €748,145 | €1,159,361 | +€411,216 | +55.0% |
| Deferred charges and accrued income | 490/1 | €123,754 | €109,388 | -€14,366 | -11.6% |
| Total equity and liabilities | 10/49 | €2,190,720 | €3,088,269 | +€897,549 | +41.0% |
| Equity | 10/15 | €876,006 | €1,444,851 | +€568,845 | +64.9% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €376,006 | €944,851 | +€568,845 | +151.3% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €326,006 | €894,851 | +€568,845 | +174.5% |
| Provisions and deferred taxes | 16 | - | €25,000 | +€25,000 | |
| Provisions for liabilities and charges | 160/5 | - | €25,000 | +€25,000 | |
| Other liabilities and charges | 164/5 | - | €25,000 | +€25,000 | |
| Amounts payable | 17/49 | €1,314,714 | €1,618,418 | +€303,704 | +23.1% |
| Amounts payable within one year | 42/48 | €1,281,606 | €1,600,667 | +€319,061 | +24.9% |
| Trade debts | 44 | €568,670 | €726,661 | +€157,991 | +27.8% |
| Suppliers | 440/4 | €568,670 | €726,661 | +€157,991 | +27.8% |
| Advances received on contracts in progress | 46 | €228,951 | €217,900 | -€11,051 | -4.8% |
| Taxes, remuneration and social security | 45 | €483,985 | €656,106 | +€172,121 | +35.6% |
| Taxes | 450/3 | €98,718 | €111,785 | +€13,067 | +13.2% |
| Remuneration and social security | 454/9 | €385,267 | €544,321 | +€159,054 | +41.3% |
| Accrued charges and deferred income | 492/3 | €33,108 | €17,751 | -€15,357 | -46.4% |
| Turnover | 70 | €7,052,033 | €9,226,829 | +€2.2m | +30.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €3,692,969 | €4,365,692 | +€672,723 | +18.2% |
| Remuneration, social security and pensions | 62 | €2,816,172 | €3,731,669 | +€915,497 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €266,135 | €372,440 | +€106,305 | +39.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €25,000 | +€25,000 | |
| Other operating charges | 640/8 | €15,621 | €22,351 | +€6,730 | +43.1% |
| Gross operating margin | 9900 | €3,470,574 | €4,991,023 | +€1.5m | +43.8% |
| Operating profit (loss) | 9901 | €372,646 | €839,563 | +€466,917 | +125.3% |
| Financial income | 75/76B | €19 | €7,827 | +€7,808 | +41094.7% |
| Recurring financial income | 75 | €19 | €7,827 | +€7,808 | +41094.7% |
| Financial charges | 65/66B | €64,791 | €75,602 | +€10,811 | +16.7% |
| Recurring financial charges | 65 | €64,791 | €75,602 | +€10,811 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | €307,874 | €771,788 | +€463,914 | +150.7% |
| Income taxes | 67/77 | €3,389 | €202,943 | +€199,554 | +5888.3% |
| Profit (loss) for the period | 9904 | €304,485 | €568,845 | +€264,360 | +86.8% |
| Profit (loss) for the period to be appropriated | 9905 | €304,485 | €568,845 | +€264,360 | +86.8% |
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 1 October 2026 via checked.be.