Finco Management: what changed
Finco Management
Largest movements
- Current investments -€100,000
down €100,000 (-33.3%), from €300,000 to €200,000
- Receivables within one year +€39,967
up €39,967 (+49.5%), from €80,722 to €120,689
of which Trade receivables: +€42,070
- Cash -€28,552
down €28,552 (-29.7%), from €96,117 to €67,565
mainly Tax, wage and social debts (-€108,021) and Receivables within one year (-€39,967)
- Tax, wage and social debts -€108,021
down €108,021 (-99.7%), from €108,301 to €281
- Profit (loss) carried forward +€7,968
up €7,968 (+2.5%), from €319,417 to €327,385
- Gross operating margin -€47,579
down €47,579 (-74.1%), from €64,213 to €16,633
- Taxes -€15,281
down €15,281 (-74.3%), from €20,569 to €5,288
- Financial income -€6,392
down €6,392 (-61.1%), from €10,462 to €4,071
- Depreciation +€847
up €847 (+14.8%), from €5,735 to €6,582
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €518,075 | €422,849 | -€95,226 | -18.4% |
| Fixed assets | 21/28 | €33,739 | €28,907 | -€4,832 | -14.3% |
| Intangible fixed assets | 21 | €10,257 | €6,618 | -€3,639 | -35.5% |
| Tangible fixed assets | 22/27 | €6,732 | €3,789 | -€2,942 | -43.7% |
| Plant, machinery and equipment | 23 | €6,732 | €3,789 | -€2,942 | -43.7% |
| Financial fixed assets | 28 | €16,750 | €18,500 | +€1,750 | +10.4% |
| Current assets | 29/58 | €484,336 | €393,941 | -€90,394 | -18.7% |
| Amounts receivable within one year | 40/41 | €80,722 | €120,689 | +€39,967 | +49.5% |
| Trade receivables | 40 | €78,619 | €120,689 | +€42,070 | +53.5% |
| Other amounts receivable | 41 | €2,103 | €0 | -€2,103 | -100% |
| Current investments | 50/53 | €300,000 | €200,000 | -€100,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €96,117 | €67,565 | -€28,552 | -29.7% |
| Deferred charges and accrued income | 490/1 | €7,497 | €5,687 | -€1,810 | -24.1% |
| Total equity and liabilities | 10/49 | €518,075 | €422,849 | -€95,226 | -18.4% |
| Equity | 10/15 | €344,417 | €352,385 | +€7,968 | +2.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €319,417 | €327,385 | +€7,968 | +2.5% |
| Amounts payable | 17/49 | €173,658 | €70,463 | -€103,194 | -59.4% |
| Amounts payable within one year | 42/48 | €173,658 | €70,463 | -€103,194 | -59.4% |
| Trade debts | 44 | €65,356 | €70,183 | +€4,826 | +7.4% |
| Suppliers | 440/4 | €65,356 | €70,183 | +€4,826 | +7.4% |
| Taxes, remuneration and social security | 45 | €108,301 | €281 | -€108,021 | -99.7% |
| Taxes | 450/3 | €108,301 | €281 | -€108,021 | -99.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,735 | €6,582 | +€847 | +14.8% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €64,213 | €16,633 | -€47,579 | -74.1% |
| Operating profit (loss) | 9901 | €57,973 | €9,532 | -€48,441 | -83.6% |
| Financial income | 75/76B | €10,462 | €4,071 | -€6,392 | -61.1% |
| Recurring financial income | 75 | €10,462 | €4,071 | -€6,392 | -61.1% |
| Financial charges | 65/66B | €261 | €347 | +€85 | +32.6% |
| Recurring financial charges | 65 | €261 | €347 | +€85 | +32.6% |
| Profit (loss) for the period before taxes | 9903 | €68,174 | €13,256 | -€54,918 | -80.6% |
| Income taxes | 67/77 | €20,569 | €5,288 | -€15,281 | -74.3% |
| Profit (loss) for the period | 9904 | €47,605 | €7,968 | -€39,637 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €47,605 | €7,968 | -€39,637 | -83.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.