FINDL: 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.
FINDL
Largest movements
- Cash -€38,656
down €38,656 (-87.9%), from €43,970 to €5,314
mainly Receivables within one year (-€37,487) and Net result for the year (-€18,073)
- Receivables within one year +€37,487
up €37,487 (+2.6%), from €1.4m to €1.5m
- Tangible fixed assets -€33,302
down €33,302 (-32.7%), from €101,776 to €68,474
of which Furniture and vehicles: -€32,462
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€55,011
down €55,011, from €25,919 to -€29,092
- Taxes -€8,574
down €8,574 (-96.0%), from €8,930 to €356
- Financial income -€4,411
down €4,411 (-8.5%), from €51,590 to €47,180
- Depreciation -€848
down €848 (-2.5%), from €34,149 to €33,302
- Other operating charges -€427
down €427 (-17.9%), from €2,391 to €1,963
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 | €2,372,872 | €2,338,513 | -€34,359 | -1.4% |
| Fixed assets | 21/28 | €101,776 | €68,474 | -€33,302 | -32.7% |
| Tangible fixed assets | 22/27 | €101,776 | €68,474 | -€33,302 | -32.7% |
| Plant, machinery and equipment | 23 | €1,805 | €966 | -€839 | -46.5% |
| Furniture and vehicles | 24 | €97,471 | €65,009 | -€32,462 | -33.3% |
| Other tangible fixed assets | 26 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €2,271,096 | €2,270,038 | -€1,058 | 0.0% |
| Amounts receivable within one year | 40/41 | €1,425,443 | €1,462,930 | +€37,487 | +2.6% |
| Other amounts receivable | 41 | €1,425,443 | €1,462,930 | +€37,487 | +2.6% |
| Current investments | 50/53 | €800,000 | €800,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €43,970 | €5,314 | -€38,656 | -87.9% |
| Deferred charges and accrued income | 490/1 | €1,683 | €1,794 | +€111 | +6.6% |
| Total equity and liabilities | 10/49 | €2,372,872 | €2,338,513 | -€34,359 | -1.4% |
| Equity | 10/15 | €2,355,942 | €2,337,869 | -€18,073 | -0.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,328,442 | €2,310,369 | -€18,073 | -0.8% |
| Amounts payable | 17/49 | €16,930 | €644 | -€16,286 | -96.2% |
| Amounts payable within one year | 42/48 | €16,930 | €644 | -€16,286 | -96.2% |
| Trade debts | 44 | €1,261 | €644 | -€617 | -48.9% |
| Suppliers | 440/4 | €1,261 | €644 | -€617 | -48.9% |
| Taxes, remuneration and social security | 45 | €1,783 | €0 | -€1,783 | -100.0% |
| Taxes | 450/3 | €1,783 | €0 | -€1,783 | -100.0% |
| Other amounts payable | 47/48 | €13,887 | €0 | -€13,887 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,149 | €33,302 | -€848 | -2.5% |
| Other operating charges | 640/8 | €2,391 | €1,963 | -€427 | -17.9% |
| Gross operating margin | 9900 | €25,919 | -€29,092 | -€55,011 | |
| Operating profit (loss) | 9901 | -€10,620 | -€64,357 | -€53,736 | -506.0% |
| Financial income | 75/76B | €51,590 | €47,180 | -€4,411 | -8.5% |
| Recurring financial income | 75 | €51,590 | €47,180 | -€4,411 | -8.5% |
| Financial charges | 65/66B | €516 | €540 | +€24 | +4.6% |
| Recurring financial charges | 65 | €516 | €540 | +€24 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €40,454 | -€17,717 | -€58,171 | |
| Income taxes | 67/77 | €8,930 | €356 | -€8,574 | -96.0% |
| Profit (loss) for the period | 9904 | €31,524 | -€18,073 | -€49,598 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,524 | -€18,073 | -€49,598 |
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 8 October 2026 via checked.be.