FINCOSPOR: 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.
FINCOSPOR
Largest movements
- Cash +€35,496
up €35,496 (+85.0%), from €41,773 to €77,270
mainly Net result for the year (+€50,088) and Depreciation (+€13,304)
- Receivables within one year +€19,129
up €19,129 (+59.1%), from €32,343 to €51,472
of which Trade receivables: +€17,552
- Tangible fixed assets -€13,304
down €13,304 (-22.7%), from €58,575 to €45,271
of which Furniture and vehicles: -€9,995
- Current investments +€4,687
new in 2025: €4,687
- Reserves +€50,088
up €50,088 (+55.1%), from €90,951 to €141,039
- Debts after one year -€6,865
down €6,865 (-23.8%), from €28,888 to €22,023
- Tax, wage and social debts +€3,688
up €3,688 (+159%), from €2,321 to €6,009
- Current portion of long-term debt -€2,242
down €2,242 (-24.6%), from €9,107 to €6,865
- Provisions +€12,500
up €12,500, from -€12,500 to €0
- Depreciation +€7,570
up €7,570 (+132%), from €5,734 to €13,304
- Gross operating margin +€7,296
up €7,296 (+9.8%), from €74,260 to €81,557
- Taxes -€4,459
down €4,459 (-23.2%), from €19,184 to €14,725
- Other operating charges +€2,462
up €2,462 (+389%), from €633 to €3,095
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 | €133,322 | €178,700 | +€45,378 | +34.0% |
| Fixed assets | 21/28 | €58,575 | €45,271 | -€13,304 | -22.7% |
| Tangible fixed assets | 22/27 | €58,575 | €45,271 | -€13,304 | -22.7% |
| Plant, machinery and equipment | 23 | €12,546 | €9,237 | -€3,309 | -26.4% |
| Furniture and vehicles | 24 | €46,029 | €36,034 | -€9,995 | -21.7% |
| Current assets | 29/58 | €74,746 | €133,429 | +€58,682 | +78.5% |
| Amounts receivable within one year | 40/41 | €32,343 | €51,472 | +€19,129 | +59.1% |
| Trade receivables | 40 | €16,332 | €33,884 | +€17,552 | +107% |
| Other amounts receivable | 41 | €16,011 | €17,588 | +€1,577 | +9.9% |
| Current investments | 50/53 | - | €4,687 | +€4,687 | |
| Cash at bank and in hand | 54/58 | €41,773 | €77,270 | +€35,496 | +85.0% |
| Deferred charges and accrued income | 490/1 | €630 | €0 | -€630 | -100% |
| Total equity and liabilities | 10/49 | €133,322 | €178,700 | +€45,378 | +34.0% |
| Equity | 10/15 | €92,951 | €143,039 | +€50,088 | +53.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €90,951 | €141,039 | +€50,088 | +55.1% |
| Distributable reserves | 133 | €90,951 | €141,039 | +€50,088 | +55.1% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Amounts payable | 17/49 | €40,371 | €35,661 | -€4,710 | -11.7% |
| Amounts payable after more than one year | 17 | €28,888 | €22,023 | -€6,865 | -23.8% |
| Financial debts | 170/4 | €28,888 | €22,023 | -€6,865 | -23.8% |
| Amounts payable within one year | 42/48 | €11,482 | €13,638 | +€2,156 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €9,107 | €6,865 | -€2,242 | -24.6% |
| Financial debts | 43 | - | €83 | +€83 | |
| Credit institutions | 430/8 | - | €83 | +€83 | |
| Trade debts | 44 | €54 | €681 | +€627 | +1,160% |
| Suppliers | 440/4 | €54 | €681 | +€627 | +1,160% |
| Taxes, remuneration and social security | 45 | €2,321 | €6,009 | +€3,688 | +159% |
| Taxes | 450/3 | €2,321 | €6,009 | +€3,688 | +159% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,734 | €13,304 | +€7,570 | +132% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€12,500 | €0 | +€12,500 | |
| Other operating charges | 640/8 | €633 | €3,095 | +€2,462 | +389% |
| Non-recurring operating charges | 66A | €12,500 | €0 | -€12,500 | -100% |
| Gross operating margin | 9900 | €74,260 | €81,557 | +€7,296 | +9.8% |
| Operating profit (loss) | 9901 | €67,893 | €65,158 | -€2,735 | -4.0% |
| Financial income | 75/76B | €348 | €1,727 | +€1,378 | +396% |
| Recurring financial income | 75 | €348 | €1,727 | +€1,378 | +396% |
| Financial charges | 65/66B | €542 | €2,071 | +€1,530 | +282% |
| Recurring financial charges | 65 | €542 | €2,071 | +€1,530 | +282% |
| Profit (loss) for the period before taxes | 9903 | €67,700 | €64,813 | -€2,887 | -4.3% |
| Income taxes | 67/77 | €19,184 | €14,725 | -€4,459 | -23.2% |
| Profit (loss) for the period | 9904 | €48,516 | €50,088 | +€1,572 | +3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,516 | €50,088 | +€1,572 | +3.2% |
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 22 October 2026 via checked.be.