FINDECO: 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.
FINDECO
Largest movements
- Cash -€91,256
down €91,256 (-59.5%), from €153,399 to €62,143
mainly Debts after one year (-€80,368) and Receivables within one year (-€44,075)
- Receivables within one year +€44,075
up €44,075 (+2,766%), from €1,593 to €45,668
- Debts after one year -€80,368
down €80,368 (-5.2%), from €1.5m to €1.5m
- Tax, wage and social debts +€35,476
up €35,476 (+403%), from €8,802 to €44,279
of which Taxes: +€35,231
- Financial charges -€8,234
down €8,234 (-11.4%), from €72,163 to €63,929
- Depreciation +€8,003
up €8,003 (+956%), from €837 to €8,840
- Staff costs +€4,901
up €4,901 (+8.8%), from €55,561 to €60,461
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 | €2,579,109 | €2,526,754 | -€52,354 | -2.0% |
| Fixed assets | 21/28 | €2,420,224 | €2,415,059 | -€5,165 | -0.2% |
| Tangible fixed assets | 22/27 | €43,363 | €34,523 | -€8,840 | -20.4% |
| Furniture and vehicles | 24 | €43,363 | €34,523 | -€8,840 | -20.4% |
| Financial fixed assets | 28 | €2,376,861 | €2,380,537 | +€3,675 | +0.2% |
| Current assets | 29/58 | €158,885 | €111,695 | -€47,190 | -29.7% |
| Amounts receivable within one year | 40/41 | €1,593 | €45,668 | +€44,075 | +2,766% |
| Other amounts receivable | 41 | €1,593 | €45,668 | +€44,075 | +2,766% |
| Cash at bank and in hand | 54/58 | €153,399 | €62,143 | -€91,256 | -59.5% |
| Deferred charges and accrued income | 490/1 | €3,893 | €3,884 | -€9 | -0.2% |
| Total equity and liabilities | 10/49 | €2,579,109 | €2,526,754 | -€52,354 | -2.0% |
| Equity | 10/15 | €914,400 | €914,730 | +€331 | 0.0% |
| Contributions | 10/11 | €495,787 | €495,787 | = | 0.0% |
| Profit (loss) carried forward | 14 | €418,613 | €418,943 | +€331 | +0.1% |
| Amounts payable | 17/49 | €1,664,709 | €1,612,024 | -€52,685 | -3.2% |
| Amounts payable after more than one year | 17 | €1,543,784 | €1,463,416 | -€80,368 | -5.2% |
| Financial debts | 170/4 | €1,543,784 | €1,463,416 | -€80,368 | -5.2% |
| Amounts payable within one year | 42/48 | €48,802 | €84,865 | +€36,063 | +73.9% |
| Trade debts | 44 | €0 | €586 | +€586 | |
| Suppliers | 440/4 | €0 | €586 | +€586 | |
| Taxes, remuneration and social security | 45 | €8,802 | €44,279 | +€35,476 | +403% |
| Taxes | 450/3 | €1,961 | €37,192 | +€35,231 | +1,797% |
| Remuneration and social security | 454/9 | €6,841 | €7,086 | +€245 | +3.6% |
| Other amounts payable | 47/48 | €40,000 | €40,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €72,123 | €63,743 | -€8,380 | -11.6% |
| Remuneration, social security and pensions | 62 | €55,561 | €60,461 | +€4,901 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €837 | €8,840 | +€8,003 | +956% |
| Other operating charges | 640/8 | €1,218 | €2,022 | +€804 | +66.0% |
| Gross operating margin | 9900 | €171,474 | €173,107 | +€1,634 | +1.0% |
| Operating profit (loss) | 9901 | €113,858 | €101,784 | -€12,074 | -10.6% |
| Financial income | 75/76B | €3,393 | €3,650 | +€257 | +7.6% |
| Recurring financial income | 75 | €3,393 | €3,650 | +€257 | +7.6% |
| Financial charges | 65/66B | €72,163 | €63,929 | -€8,234 | -11.4% |
| Recurring financial charges | 65 | €72,163 | €63,929 | -€8,234 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €45,088 | €41,505 | -€3,583 | -7.9% |
| Income taxes | 67/77 | €1,961 | €1,174 | -€787 | -40.1% |
| Profit (loss) for the period | 9904 | €43,127 | €40,331 | -€2,797 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €43,127 | €40,331 | -€2,797 | -6.5% |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.