FINCO: 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.
FINCO
Largest movements
- Current investments +€179,863
up €179,863 (+6.8%), from €2.6m to €2.8m
- Cash +€143,886
up €143,886 (+158.9%), from €90,526 to €234,412
mainly Provisions (+€234,170) and Depreciation (+€97,407)
- Tangible fixed assets -€132,703
down €132,703 (-14.8%), from €898,013 to €765,310
of which Land and buildings: -€118,852
- Provisions +€234,170
up €234,170 (+7.0%), from €3.4m to €3.6m
of which Provisions for liabilities and charges: +€259,733
- Reserves -€49,641
down €49,641 (-14.3%), from €346,094 to €296,453
of which Tax-exempt reserves: -€49,641
- Financial income +€36,177
up €36,177 (+40.7%), from €88,995 to €125,172
of which Financial income: +€52,177
- Depreciation +€26,239
up €26,239 (+36.9%), from €71,168 to €97,407
- Financial charges +€26,221
up €26,221 (+11.2%), from €234,399 to €260,620
- Gross operating margin +€6,834
up €6,834 (+3.8%), from €177,787 to €184,621
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 | €3,658,363 | €3,827,728 | +€169,365 | +4.6% |
| Fixed assets | 21/28 | €898,013 | €765,310 | -€132,703 | -14.8% |
| Tangible fixed assets | 22/27 | €898,013 | €765,310 | -€132,703 | -14.8% |
| Land and buildings | 22 | €852,768 | €733,916 | -€118,852 | -13.9% |
| Plant, machinery and equipment | 23 | €14,136 | €11,492 | -€2,644 | -18.7% |
| Furniture and vehicles | 24 | €31,109 | €19,902 | -€11,207 | -36.0% |
| Current assets | 29/58 | €2,760,350 | €3,062,418 | +€302,068 | +10.9% |
| Amounts receivable after more than one year | 29 | - | €8,241 | +€8,241 | |
| Other amounts receivable | 291 | - | €8,241 | +€8,241 | |
| Amounts receivable within one year | 40/41 | €29,922 | - | -€29,922 | |
| Other amounts receivable | 41 | €29,922 | - | -€29,922 | |
| Current investments | 50/53 | €2,639,902 | €2,819,765 | +€179,863 | +6.8% |
| Cash at bank and in hand | 54/58 | €90,526 | €234,412 | +€143,886 | +158.9% |
| Total equity and liabilities | 10/49 | €3,658,363 | €3,827,728 | +€169,365 | +4.6% |
| Equity | 10/15 | €301,735 | €237,671 | -€64,064 | -21.2% |
| Contributions | 10/11 | €40,750 | €40,750 | = | 0.0% |
| Capital | 10 | €40,750 | €40,750 | = | 0.0% |
| Issued capital | 100 | €40,750 | €40,750 | = | 0.0% |
| Reserves | 13 | €346,094 | €296,453 | -€49,641 | -14.3% |
| Non-distributable reserves | 130/1 | €33,500 | €33,500 | = | 0.0% |
| Other | 1319 | €33,500 | €33,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €160,094 | €110,453 | -€49,641 | -31.0% |
| Distributable reserves | 133 | €152,500 | €152,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,109 | -€99,532 | -€14,423 | -16.9% |
| Provisions and deferred taxes | 16 | €3,352,627 | €3,586,797 | +€234,170 | +7.0% |
| Provisions for liabilities and charges | 160/5 | €3,270,190 | €3,529,923 | +€259,733 | +7.9% |
| Pensions and similar obligations | 160 | €468,000 | €468,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €2,802,190 | €3,061,923 | +€259,733 | +9.3% |
| Deferred taxes | 168 | €82,437 | €56,874 | -€25,563 | -31.0% |
| Amounts payable | 17/49 | €4,001 | €3,260 | -€741 | -18.5% |
| Amounts payable within one year | 42/48 | €4,001 | €3,260 | -€741 | -18.5% |
| Trade debts | 44 | - | €509 | +€509 | |
| Suppliers | 440/4 | - | €509 | +€509 | |
| Taxes, remuneration and social security | 45 | €4,001 | €2,751 | -€1,250 | -31.2% |
| Taxes | 450/3 | €1,250 | - | -€1,250 | |
| Remuneration and social security | 454/9 | €2,751 | €2,751 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €35,096 | €35,793 | +€697 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,168 | €97,407 | +€26,239 | +36.9% |
| Other operating charges | 640/8 | €5,491 | €4,563 | -€928 | -16.9% |
| Gross operating margin | 9900 | €177,787 | €184,621 | +€6,834 | +3.8% |
| Operating profit (loss) | 9901 | €66,032 | €46,858 | -€19,174 | -29.0% |
| Financial income | 75/76B | €88,995 | €125,172 | +€36,177 | +40.7% |
| Recurring financial income | 75 | €72,995 | €125,172 | +€52,177 | +71.5% |
| Non-recurring financial income | 76B | €16,000 | - | -€16,000 | |
| Financial charges | 65/66B | €234,399 | €260,620 | +€26,221 | +11.2% |
| Recurring financial charges | 65 | €234,399 | €260,620 | +€26,221 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | -€79,372 | -€88,590 | -€9,218 | -11.6% |
| Transfer from deferred taxes | 780 | €23,708 | €25,562 | +€1,854 | +7.8% |
| Income taxes | 67/77 | - | €1,037 | +€1,037 | |
| Profit (loss) for the period | 9904 | -€55,664 | -€64,065 | -€8,401 | -15.1% |
| Transfer from tax-exempt reserves | 789 | €46,042 | €49,641 | +€3,599 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,622 | -€14,424 | -€4,802 | -49.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.