FINDIN: 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.
FINDIN
Largest movements
- Receivables within one year -€145,953
down €145,953 (-68.3%), from €213,691 to €67,738
of which Trade receivables: -€135,239
- Cash +€93,011
up €93,011 (+1685.0%), from €5,520 to €98,531
mainly Receivables within one year (+€145,953) and Depreciation (+€28,048)
- Tangible fixed assets -€8,211
down €8,211 (-8.9%), from €92,504 to €84,293
of which Other tangible fixed assets: -€11,057
- Intangible fixed assets -€5,568
down €5,568 (-11.1%), from €50,033 to €44,465
- Profit (loss) carried forward -€37,959
new in 2025: -€37,959
- Current portion of long-term debt -€18,627
no longer reported in 2025 (was €18,627)
- Short-term financial debts -€14,917
no longer reported in 2025 (was €14,917)
- Trade debts +€13,463
up €13,463 (+339.4%), from €3,967 to €17,430
- Tax, wage and social debts -€8,681
down €8,681 (-7.9%), from €109,241 to €100,560
of which Remuneration and social security: -€5,571
- Gross operating margin -€84,498
down €84,498 (-14.8%), from €570,785 to €486,287
- Staff costs +€18,501
up €18,501 (+4.0%), from €462,811 to €481,312
- Provisions -€17,627
no longer reported in 2025 (was €17,627)
- Taxes -€7,533
down €7,533 (-86.8%), from €8,678 to €1,145
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 | €361,748 | €295,027 | -€66,721 | -18.4% |
| Fixed assets | 21/28 | €142,537 | €128,758 | -€13,779 | -9.7% |
| Intangible fixed assets | 21 | €50,033 | €44,465 | -€5,568 | -11.1% |
| Tangible fixed assets | 22/27 | €92,504 | €84,293 | -€8,211 | -8.9% |
| Plant, machinery and equipment | 23 | €8,923 | €5,038 | -€3,885 | -43.5% |
| Furniture and vehicles | 24 | €908 | €7,639 | +€6,731 | +741.3% |
| Other tangible fixed assets | 26 | €82,673 | €71,616 | -€11,057 | -13.4% |
| Current assets | 29/58 | €219,211 | €166,269 | -€52,942 | -24.2% |
| Amounts receivable within one year | 40/41 | €213,691 | €67,738 | -€145,953 | -68.3% |
| Trade receivables | 40 | €177,405 | €42,166 | -€135,239 | -76.2% |
| Other amounts receivable | 41 | €36,286 | €25,572 | -€10,714 | -29.5% |
| Cash at bank and in hand | 54/58 | €5,520 | €98,531 | +€93,011 | +1685.0% |
| Total equity and liabilities | 10/49 | €361,748 | €295,027 | -€66,721 | -18.4% |
| Equity | 10/15 | €137,369 | €99,410 | -€37,959 | -27.6% |
| Contributions | 10/11 | €72,155 | €72,155 | = | 0.0% |
| Capital | 10 | €72,155 | €72,155 | = | 0.0% |
| Issued capital | 100 | €72,155 | €72,155 | = | 0.0% |
| Reserves | 13 | €65,214 | €65,214 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €826 | €826 | = | 0.0% |
| Distributable reserves | 133 | €58,188 | €58,188 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€37,959 | -€37,959 | |
| Provisions and deferred taxes | 16 | €17,627 | €17,627 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €17,627 | €17,627 | = | 0.0% |
| Other liabilities and charges | 164/5 | €17,627 | €17,627 | = | 0.0% |
| Amounts payable | 17/49 | €206,752 | €177,990 | -€28,762 | -13.9% |
| Amounts payable within one year | 42/48 | €146,752 | €117,990 | -€28,762 | -19.6% |
| Current portion of amounts payable after more than one year | 42 | €18,627 | - | -€18,627 | |
| Financial debts | 43 | €14,917 | - | -€14,917 | |
| Credit institutions | 430/8 | €14,917 | - | -€14,917 | |
| Trade debts | 44 | €3,967 | €17,430 | +€13,463 | +339.4% |
| Suppliers | 440/4 | €3,967 | €17,430 | +€13,463 | +339.4% |
| Taxes, remuneration and social security | 45 | €109,241 | €100,560 | -€8,681 | -7.9% |
| Taxes | 450/3 | €16,489 | €13,379 | -€3,110 | -18.9% |
| Remuneration and social security | 454/9 | €92,752 | €87,181 | -€5,571 | -6.0% |
| Accrued charges and deferred income | 492/3 | €60,000 | €60,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €462,811 | €481,312 | +€18,501 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,209 | €28,048 | +€839 | +3.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €17,627 | - | -€17,627 | |
| Other operating charges | 640/8 | €9,647 | €8,163 | -€1,484 | -15.4% |
| Non-recurring operating charges | 66A | €4,342 | €3,132 | -€1,210 | -27.9% |
| Gross operating margin | 9900 | €570,785 | €486,287 | -€84,498 | -14.8% |
| Operating profit (loss) | 9901 | €49,149 | -€34,368 | -€83,517 | |
| Financial charges | 65/66B | €4,528 | €2,446 | -€2,082 | -46.0% |
| Recurring financial charges | 65 | €4,528 | €2,446 | -€2,082 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | €44,621 | -€36,814 | -€81,435 | |
| Income taxes | 67/77 | €8,678 | €1,145 | -€7,533 | -86.8% |
| Profit (loss) for the period | 9904 | €35,943 | -€37,959 | -€73,902 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,943 | -€37,959 | -€73,902 |
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 11 October 2026 via checked.be.