Fincast: 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.
Fincast
Largest movements
- Cash +€28,248
up €28,248 (+31.1%), from €90,940 to €119,188
mainly Net result for the year (+€165,660) and Other debts (+€25,041)
- Tangible fixed assets -€21,739
down €21,739 (-18.3%), from €118,613 to €96,874
of which Furniture and vehicles: -€12,717
- Other debts +€25,041
up €25,041 (+7.4%), from €336,906 to €361,948
- Current portion of long-term debt -€17,657
no longer reported in 2025 (was €17,657)
- Gross operating margin +€35,716
up €35,716 (+17.0%), from €210,572 to €246,288
- Taxes +€9,014
up €9,014 (+18.0%), from €50,044 to €59,058
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 | €387,017 | €395,511 | +€8,494 | +2.2% |
| Fixed assets | 21/28 | €118,613 | €96,874 | -€21,739 | -18.3% |
| Tangible fixed assets | 22/27 | €118,613 | €96,874 | -€21,739 | -18.3% |
| Furniture and vehicles | 24 | €41,163 | €28,446 | -€12,717 | -30.9% |
| Other tangible fixed assets | 26 | €77,450 | €68,428 | -€9,022 | -11.6% |
| Current assets | 29/58 | €268,404 | €298,637 | +€30,233 | +11.3% |
| Amounts receivable within one year | 40/41 | €176,223 | €178,156 | +€1,932 | +1.1% |
| Trade receivables | 40 | €126,267 | €134,713 | +€8,446 | +6.7% |
| Other amounts receivable | 41 | €49,956 | €43,442 | -€6,514 | -13.0% |
| Cash at bank and in hand | 54/58 | €90,940 | €119,188 | +€28,248 | +31.1% |
| Deferred charges and accrued income | 490/1 | €1,241 | €1,293 | +€52 | +4.2% |
| Total equity and liabilities | 10/49 | €387,017 | €395,511 | +€8,494 | +2.2% |
| Equity | 10/15 | €23,411 | €24,071 | +€660 | +2.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €3,411 | €4,071 | +€660 | +19.3% |
| Distributable reserves | 133 | €3,411 | €4,071 | +€660 | +19.3% |
| Amounts payable | 17/49 | €363,606 | €371,441 | +€7,834 | +2.2% |
| Amounts payable within one year | 42/48 | €363,606 | €371,441 | +€7,834 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €17,657 | - | -€17,657 | |
| Trade debts | 44 | €1,728 | €241 | -€1,488 | -86.1% |
| Suppliers | 440/4 | €1,728 | €241 | -€1,488 | -86.1% |
| Taxes, remuneration and social security | 45 | €7,314 | €9,252 | +€1,938 | +26.5% |
| Taxes | 450/3 | €7,314 | €9,252 | +€1,938 | +26.5% |
| Other amounts payable | 47/48 | €336,906 | €361,948 | +€25,041 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,433 | €21,739 | +€2,306 | +11.9% |
| Other operating charges | 640/8 | €1,407 | €1,401 | -€6 | -0.4% |
| Gross operating margin | 9900 | €210,572 | €246,288 | +€35,716 | +17.0% |
| Operating profit (loss) | 9901 | €189,731 | €223,147 | +€33,416 | +17.6% |
| Financial income | 75/76B | €2,000 | €2,000 | = | 0.0% |
| Recurring financial income | 75 | €2,000 | €2,000 | = | 0.0% |
| Financial charges | 65/66B | €1,604 | €430 | -€1,174 | -73.2% |
| Recurring financial charges | 65 | €1,604 | €430 | -€1,174 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | €190,127 | €224,718 | +€34,590 | +18.2% |
| Income taxes | 67/77 | €50,044 | €59,058 | +€9,014 | +18.0% |
| Profit (loss) for the period | 9904 | €140,083 | €165,660 | +€25,576 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €140,083 | €165,660 | +€25,576 | +18.3% |
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 7 October 2026 via checked.be.