FINCOVER: 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.
FINCOVER
Largest movements
- Receivables within one year -€48,220
down €48,220 (-44.7%), from €107,779 to €59,560
of which Other amounts receivable: -€24,733
- Cash +€40,731
up €40,731 (+40.3%), from €101,182 to €141,913
mainly Receivables within one year (+€48,220) and Net result for the year (+€6,724)
- Deferred charges and accrued income +€3,232
up €3,232 (+511%), from €633 to €3,865
- Reserves +€6,724
up €6,724 (+6.7%), from €100,656 to €107,380
of which Distributable reserves: +€6,724
- Tax, wage and social debts -€6,191
down €6,191 (-32.7%), from €18,924 to €12,733
- Trade debts -€3,568
down €3,568 (-86.9%), from €4,108 to €539
- Gross operating margin -€11,250
down €11,250 (-42.2%), from €26,628 to €15,378
- Taxes -€2,836
down €2,836 (-38.1%), from €7,445 to €4,609
- Depreciation +€1,048
up €1,048 (+62.5%), from €1,677 to €2,725
- Other operating charges -€325
down €325 (-33.4%), from €971 to €647
- Financial income -€266
down €266 (-48.9%), from €545 to €279
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 | €216,181 | €213,921 | -€2,260 | -1.0% |
| Fixed assets | 21/28 | €6,085 | €7,944 | +€1,859 | +30.6% |
| Tangible fixed assets | 22/27 | €6,085 | €7,944 | +€1,859 | +30.6% |
| Plant, machinery and equipment | 23 | €6,085 | €7,944 | +€1,859 | +30.6% |
| Current assets | 29/58 | €210,096 | €205,977 | -€4,119 | -2.0% |
| Stocks and contracts in progress | 3 | €502 | €640 | +€137 | +27.3% |
| Stocks | 30/36 | €502 | €640 | +€137 | +27.3% |
| Amounts receivable within one year | 40/41 | €107,779 | €59,560 | -€48,220 | -44.7% |
| Trade receivables | 40 | €32,597 | €9,111 | -€23,486 | -72.0% |
| Other amounts receivable | 41 | €75,182 | €50,448 | -€24,733 | -32.9% |
| Cash at bank and in hand | 54/58 | €101,182 | €141,913 | +€40,731 | +40.3% |
| Deferred charges and accrued income | 490/1 | €633 | €3,865 | +€3,232 | +511% |
| Total equity and liabilities | 10/49 | €216,181 | €213,921 | -€2,260 | -1.0% |
| Equity | 10/15 | €192,505 | €199,229 | +€6,724 | +3.5% |
| Contributions | 10/11 | €79,800 | €79,800 | = | 0.0% |
| Reserves | 13 | €100,656 | €107,380 | +€6,724 | +6.7% |
| Tax-exempt reserves | 132 | €13,909 | €13,909 | = | 0.0% |
| Distributable reserves | 133 | €86,748 | €93,472 | +€6,724 | +7.8% |
| Profit (loss) carried forward | 14 | €12,049 | €12,049 | = | 0.0% |
| Amounts payable | 17/49 | €23,676 | €14,692 | -€8,984 | -37.9% |
| Amounts payable within one year | 42/48 | €23,676 | €14,692 | -€8,984 | -37.9% |
| Financial debts | 43 | €645 | €1,420 | +€775 | +120% |
| Credit institutions | 430/8 | €645 | €1,420 | +€775 | +120% |
| Trade debts | 44 | €4,108 | €539 | -€3,568 | -86.9% |
| Suppliers | 440/4 | €4,108 | €539 | -€3,568 | -86.9% |
| Taxes, remuneration and social security | 45 | €18,924 | €12,733 | -€6,191 | -32.7% |
| Taxes | 450/3 | €18,924 | €12,733 | -€6,191 | -32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,677 | €2,725 | +€1,048 | +62.5% |
| Other operating charges | 640/8 | €971 | €647 | -€325 | -33.4% |
| Gross operating margin | 9900 | €26,628 | €15,378 | -€11,250 | -42.2% |
| Operating profit (loss) | 9901 | €23,980 | €12,007 | -€11,973 | -49.9% |
| Financial income | 75/76B | €545 | €279 | -€266 | -48.9% |
| Recurring financial income | 75 | €545 | €279 | -€266 | -48.9% |
| Financial charges | 65/66B | €910 | €953 | +€43 | +4.7% |
| Recurring financial charges | 65 | €910 | €953 | +€43 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €23,615 | €11,333 | -€12,282 | -52.0% |
| Income taxes | 67/77 | €7,445 | €4,609 | -€2,836 | -38.1% |
| Profit (loss) for the period | 9904 | €16,170 | €6,724 | -€9,446 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,170 | €6,724 | -€9,446 | -58.4% |
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 25 October 2026 via checked.be.