FINDIAP: 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.
FINDIAP
Largest movements
- Receivables within one year +€160,305
up €160,305 (+145.8%), from €109,918 to €270,223
of which Trade receivables: +€136,623
- Tangible fixed assets -€58,577
down €58,577 (-8.3%), from €707,683 to €649,106
of which Land and buildings: -€37,609
- Stocks and contracts +€20,928
up €20,928 (+19.7%), from €105,975 to €126,903
- Reserves +€83,390
up €83,390 (+11.8%), from €707,234 to €790,624
- Trade debts +€30,211
up €30,211 (+39.9%), from €75,762 to €105,974
- Tax, wage and social debts +€18,553
up €18,553 (+100.0%), from €18,548 to €37,101
of which Taxes: +€18,526
- Depreciation -€48,774
down €48,774 (-40.7%), from €119,714 to €70,939
- Gross operating margin +€41,294
up €41,294 (+14.1%), from €293,529 to €334,822
- Taxes +€28,115
up €28,115 (+1231.2%), from €2,284 to €30,398
- Financial charges -€4,923
down €4,923 (-83.1%), from €5,924 to €1,001
- Staff costs +€3,615
up €3,615 (+2.4%), from €147,662 to €151,277
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.
Cash bridge derived
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 | €931,107 | €1,056,199 | +€125,093 | +13.4% |
| Fixed assets | 21/28 | €710,820 | €649,356 | -€61,465 | -8.6% |
| Intangible fixed assets | 21 | €2,888 | €0 | -€2,888 | -100.0% |
| Tangible fixed assets | 22/27 | €707,683 | €649,106 | -€58,577 | -8.3% |
| Land and buildings | 22 | €615,724 | €578,115 | -€37,609 | -6.1% |
| Plant, machinery and equipment | 23 | €82,225 | €61,242 | -€20,983 | -25.5% |
| Furniture and vehicles | 24 | €9,733 | €9,748 | +€15 | +0.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €220,286 | €406,844 | +€186,558 | +84.7% |
| Stocks and contracts in progress | 3 | €105,975 | €126,903 | +€20,928 | +19.7% |
| Stocks | 30/36 | €105,975 | €126,903 | +€20,928 | +19.7% |
| Amounts receivable within one year | 40/41 | €109,918 | €270,223 | +€160,305 | +145.8% |
| Trade receivables | 40 | €102,201 | €238,825 | +€136,623 | +133.7% |
| Other amounts receivable | 41 | €7,716 | €31,398 | +€23,682 | +306.9% |
| Cash at bank and in hand | 54/58 | €4,393 | €9,718 | +€5,325 | +121.2% |
| Total equity and liabilities | 10/49 | €931,107 | €1,056,199 | +€125,093 | +13.4% |
| Equity | 10/15 | €829,734 | €913,124 | +€83,390 | +10.1% |
| Contributions | 10/11 | €122,500 | €122,500 | = | 0.0% |
| Reserves | 13 | €707,234 | €790,624 | +€83,390 | +11.8% |
| Distributable reserves | 133 | €707,234 | €790,624 | +€83,390 | +11.8% |
| Amounts payable | 17/49 | €101,373 | €143,075 | +€41,702 | +41.1% |
| Amounts payable within one year | 42/48 | €101,373 | €143,075 | +€41,702 | +41.1% |
| Trade debts | 44 | €75,762 | €105,974 | +€30,211 | +39.9% |
| Suppliers | 440/4 | €75,762 | €105,974 | +€30,211 | +39.9% |
| Taxes, remuneration and social security | 45 | €18,548 | €37,101 | +€18,553 | +100.0% |
| Taxes | 450/3 | €1,872 | €20,398 | +€18,526 | +989.8% |
| Remuneration and social security | 454/9 | €16,676 | €16,703 | +€27 | +0.2% |
| Other amounts payable | 47/48 | €7,062 | - | -€7,062 | |
| Non-recurring operating income | 76A | €13,264 | - | -€13,264 | |
| Remuneration, social security and pensions | 62 | €147,662 | €151,277 | +€3,615 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,714 | €70,939 | -€48,774 | -40.7% |
| Other operating charges | 640/8 | €2,406 | €2,643 | +€237 | +9.8% |
| Gross operating margin | 9900 | €293,529 | €334,822 | +€41,294 | +14.1% |
| Operating profit (loss) | 9901 | €23,746 | €109,962 | +€86,216 | +363.1% |
| Financial income | 75/76B | €1,818 | €4,827 | +€3,009 | +165.5% |
| Recurring financial income | 75 | €1,818 | €4,827 | +€3,009 | +165.5% |
| Financial charges | 65/66B | €5,924 | €1,001 | -€4,923 | -83.1% |
| Recurring financial charges | 65 | €5,924 | €1,001 | -€4,923 | -83.1% |
| Profit (loss) for the period before taxes | 9903 | €19,640 | €113,789 | +€94,148 | +479.4% |
| Income taxes | 67/77 | €2,284 | €30,398 | +€28,115 | +1231.2% |
| Profit (loss) for the period | 9904 | €17,357 | €83,390 | +€66,034 | +380.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,357 | €83,390 | +€66,034 | +380.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.