FINCAM: 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.
FINCAM
Largest movements
- Current investments +€2.0m
up €2.0m (+206%), from €952,920 to €2.9m
- Financial fixed assets -€1.6m
down €1.6m (-100%), from €1.6m to €0
- Cash +€129,591
up €129,591 (+33.0%), from €392,341 to €521,932
mainly Investment in fixed assets (net) (+€1.6m) and Net result for the year (+€421,058)
- Reserves +€421,058
up €421,058 (+13.3%), from €3.2m to €3.6m
- Tax, wage and social debts +€61,994
new in 2025: €61,994
- Financial income +€1.3m
up €1.3m (+1,364%), from €93,602 to €1.4m
of which Non-recurring financial income: +€835,713
- Financial charges +€607,584
up €607,584 (+238%), from €255,420 to €863,004
of which Non-recurring financial charges: +€603,570
- Taxes +€79,177
up €79,177 (+9,897,068%), from €1 to €79,177
- Gross operating margin +€440
up €440 (+9.6%), from -€4,592 to -€4,151
- Depreciation +€375
new in 2025: €375
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 | €3,708,685 | €4,190,543 | +€481,859 | +13.0% |
| Fixed assets | 21/28 | €1,579,179 | €985 | -€1.6m | -99.9% |
| Tangible fixed assets | 22/27 | - | €985 | +€985 | |
| Furniture and vehicles | 24 | - | €985 | +€985 | |
| Financial fixed assets | 28 | €1,579,179 | €0 | -€1.6m | -100% |
| Current assets | 29/58 | €2,129,505 | €4,189,558 | +€2.1m | +96.7% |
| Amounts receivable after more than one year | 29 | €743,500 | €743,500 | = | 0.0% |
| Other amounts receivable | 291 | €743,500 | €743,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,070 | €0 | -€2,070 | -100% |
| Other amounts receivable | 41 | €2,070 | €0 | -€2,070 | -100% |
| Current investments | 50/53 | €952,920 | €2,913,425 | +€2.0m | +206% |
| Cash at bank and in hand | 54/58 | €392,341 | €521,932 | +€129,591 | +33.0% |
| Deferred charges and accrued income | 490/1 | €38,674 | €10,701 | -€27,973 | -72.3% |
| Total equity and liabilities | 10/49 | €3,708,685 | €4,190,543 | +€481,859 | +13.0% |
| Equity | 10/15 | €3,231,213 | €3,652,272 | +€421,058 | +13.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €3,169,713 | €3,590,772 | +€421,058 | +13.3% |
| Distributable reserves | 133 | €3,169,713 | €3,590,772 | +€421,058 | +13.3% |
| Amounts payable | 17/49 | €477,471 | €538,272 | +€60,800 | +12.7% |
| Amounts payable within one year | 42/48 | €477,471 | €538,272 | +€60,800 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €332,763 | €332,763 | = | 0.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | - | €61,994 | +€61,994 | |
| Taxes | 450/3 | - | €61,994 | +€61,994 | |
| Other amounts payable | 47/48 | €144,709 | €143,515 | -€1,194 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €375 | +€375 | |
| Other operating charges | 640/8 | €2,749 | €2,898 | +€149 | +5.4% |
| Gross operating margin | 9900 | -€4,592 | -€4,151 | +€440 | +9.6% |
| Operating profit (loss) | 9901 | -€7,341 | -€7,425 | -€84 | -1.1% |
| Financial income | 75/76B | €93,602 | €1,370,664 | +€1.3m | +1,364% |
| Recurring financial income | 75 | €93,601 | €534,950 | +€441,348 | +472% |
| Non-recurring financial income | 76B | €1 | €835,714 | +€835,713 | +83,571,329% |
| Financial charges | 65/66B | €255,420 | €863,004 | +€607,584 | +238% |
| Recurring financial charges | 65 | €23,276 | €27,290 | +€4,013 | +17.2% |
| Non-recurring financial charges | 66B | €232,144 | €835,714 | +€603,570 | +260% |
| Profit (loss) for the period before taxes | 9903 | -€169,158 | €500,236 | +€669,394 | |
| Income taxes | 67/77 | €1 | €79,177 | +€79,177 | +9,897,068% |
| Profit (loss) for the period | 9904 | -€169,159 | €421,058 | +€590,217 | |
| Profit (loss) for the period to be appropriated | 9905 | -€169,159 | €421,058 | +€590,217 |
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.