FINCONSEILS: 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.
FINCONSEILS
Largest movements
- Tangible fixed assets +€267,611
up €267,611 (+84.3%), from €317,489 to €585,099
of which Land and buildings: +€165,035
- Receivables within one year +€134,476
up €134,476 (+608.0%), from €22,117 to €156,593
- Cash +€60,660
up €60,660 (+1748.6%), from €3,469 to €64,129
- Debts after one year +€245,583
new in 2025: €245,583
- Profit (loss) carried forward +€91,878
up €91,878 (+3629.0%), from €2,532 to €94,410
- Other debts +€69,578
up €69,578 (+97.0%), from €71,762 to €141,340
- Tax, wage and social debts +€54,051
up €54,051 (+1168.7%), from €4,625 to €58,676
of which Taxes: +€29,051
- Gross operating margin +€128,911
up €128,911 (+257.8%), from €50,013 to €178,924
- Taxes +€27,154
up €27,154 (+1812.5%), from €1,498 to €28,652
- Depreciation +€9,371
up €9,371 (+91.9%), from €10,197 to €19,567
- Financial charges +€7,558
up €7,558 (+5797.6%), from €130 to €7,688
- Other operating charges +€4,482
up €4,482 (+101.8%), from €4,404 to €8,886
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €345,636 | €807,385 | +€461,749 | +133.6% |
| Fixed assets | 21/28 | €317,616 | €585,227 | +€267,611 | +84.3% |
| Tangible fixed assets | 22/27 | €317,489 | €585,099 | +€267,611 | +84.3% |
| Land and buildings | 22 | €154,413 | €319,448 | +€165,035 | +106.9% |
| Furniture and vehicles | 24 | - | €911 | +€911 | |
| Other tangible fixed assets | 26 | €9,134 | €6,600 | -€2,534 | -27.7% |
| Assets under construction and advance payments | 27 | €153,942 | €258,141 | +€104,199 | +67.7% |
| Financial fixed assets | 28 | €128 | €128 | = | 0.0% |
| Current assets | 29/58 | €28,019 | €222,158 | +€194,139 | +692.9% |
| Amounts receivable within one year | 40/41 | €22,117 | €156,593 | +€134,476 | +608.0% |
| Trade receivables | 40 | €22,117 | €156,593 | +€134,476 | +608.0% |
| Cash at bank and in hand | 54/58 | €3,469 | €64,129 | +€60,660 | +1748.6% |
| Deferred charges and accrued income | 490/1 | €2,433 | €1,436 | -€997 | -41.0% |
| Total equity and liabilities | 10/49 | €345,636 | €807,385 | +€461,749 | +133.6% |
| Equity | 10/15 | €198,970 | €290,848 | +€91,878 | +46.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €190,238 | €190,238 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,240 | €9,240 | = | 0.0% |
| Distributable reserves | 133 | €179,139 | €179,139 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,532 | €94,410 | +€91,878 | +3629.0% |
| Amounts payable | 17/49 | €146,665 | €516,537 | +€369,871 | +252.2% |
| Amounts payable after more than one year | 17 | - | €245,583 | +€245,583 | |
| Financial debts | 170/4 | - | €245,583 | +€245,583 | |
| Amounts payable within one year | 42/48 | €146,665 | €270,856 | +€124,191 | +84.7% |
| Trade debts | 44 | €70,278 | €70,840 | +€562 | +0.8% |
| Suppliers | 440/4 | €70,278 | €70,840 | +€562 | +0.8% |
| Taxes, remuneration and social security | 45 | €4,625 | €58,676 | +€54,051 | +1168.7% |
| Taxes | 450/3 | €4,625 | €33,676 | +€29,051 | +628.2% |
| Remuneration and social security | 454/9 | - | €25,000 | +€25,000 | |
| Other amounts payable | 47/48 | €71,762 | €141,340 | +€69,578 | +97.0% |
| Accrued charges and deferred income | 492/3 | - | €97 | +€97 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,197 | €19,567 | +€9,371 | +91.9% |
| Other operating charges | 640/8 | €4,404 | €8,886 | +€4,482 | +101.8% |
| Non-recurring operating charges | 66A | €252 | €252 | +€0 | +0.1% |
| Gross operating margin | 9900 | €50,013 | €178,924 | +€128,911 | +257.8% |
| Operating profit (loss) | 9901 | €35,160 | €150,218 | +€115,058 | +327.2% |
| Financial charges | 65/66B | €130 | €7,688 | +€7,558 | +5797.6% |
| Recurring financial charges | 65 | €130 | €7,688 | +€7,558 | +5797.6% |
| Profit (loss) for the period before taxes | 9903 | €35,030 | €142,530 | +€107,500 | +306.9% |
| Income taxes | 67/77 | €1,498 | €28,652 | +€27,154 | +1812.5% |
| Profit (loss) for the period | 9904 | €33,532 | €113,878 | +€80,346 | +239.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,532 | €113,878 | +€80,346 | +239.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.