Findor: 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.
Findor
Largest movements
- Receivables within one year -€504,800
down €504,800 (-85.4%), from €591,039 to €86,239
of which Trade receivables: -€423,027
- Current investments +€126,759
up €126,759 (+12.0%), from €1.1m to €1.2m
- Reserves +€646,285
up €646,285 (+23.4%), from €2.8m to €3.4m
of which Distributable reserves: +€646,285
- Debts after one year -€476,323
down €476,323 (-14.6%), from €3.3m to €2.8m
- Trade debts -€468,424
down €468,424 (-99.1%), from €472,734 to €4,309
- Financial income -€406,629
down €406,629 (-39.4%), from €1.0m to €625,920
of which Financial income: -€306,629
- Gross operating margin +€134,621
up €134,621 (+40.2%), from €335,212 to €469,832
- Financial charges -€50,752
down €50,752 (-26.2%), from €193,647 to €142,895
- Other operating charges -€42,124
down €42,124 (-62.0%), from €67,894 to €25,770
- Taxes +€27,622
up €27,622 (+23.5%), from €117,394 to €145,016
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,281,868 | €6,891,105 | -€390,762 | -5.4% |
| Fixed assets | 21/28 | €5,584,314 | €5,543,198 | -€41,116 | -0.7% |
| Tangible fixed assets | 22/27 | €1,084,304 | €1,043,188 | -€41,116 | -3.8% |
| Land and buildings | 22 | €984,644 | €959,465 | -€25,180 | -2.6% |
| Plant, machinery and equipment | 23 | €12,310 | €8,932 | -€3,378 | -27.4% |
| Furniture and vehicles | 24 | €87,350 | €74,792 | -€12,558 | -14.4% |
| Financial fixed assets | 28 | €4,500,010 | €4,500,010 | = | 0.0% |
| Current assets | 29/58 | €1,697,554 | €1,347,907 | -€349,647 | -20.6% |
| Amounts receivable within one year | 40/41 | €591,039 | €86,239 | -€504,800 | -85.4% |
| Trade receivables | 40 | €501,260 | €78,232 | -€423,027 | -84.4% |
| Other amounts receivable | 41 | €89,779 | €8,007 | -€81,772 | -91.1% |
| Current investments | 50/53 | €1,056,004 | €1,182,762 | +€126,759 | +12.0% |
| Cash at bank and in hand | 54/58 | €38,359 | €71,987 | +€33,628 | +87.7% |
| Deferred charges and accrued income | 490/1 | €12,153 | €6,919 | -€5,233 | -43.1% |
| Total equity and liabilities | 10/49 | €7,281,868 | €6,891,105 | -€390,762 | -5.4% |
| Equity | 10/15 | €2,789,567 | €3,435,852 | +€646,285 | +23.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €2,762,967 | €3,409,252 | +€646,285 | +23.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,762,967 | €3,409,252 | +€646,285 | +23.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,492,300 | €3,455,253 | -€1.0m | -23.1% |
| Amounts payable after more than one year | 17 | €3,258,999 | €2,782,676 | -€476,323 | -14.6% |
| Financial debts | 170/4 | €3,258,999 | €2,782,676 | -€476,323 | -14.6% |
| Amounts payable within one year | 42/48 | €1,068,860 | €559,661 | -€509,199 | -47.6% |
| Current portion of amounts payable after more than one year | 42 | €459,508 | €478,021 | +€18,513 | +4.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €472,734 | €4,309 | -€468,424 | -99.1% |
| Suppliers | 440/4 | €472,734 | €4,309 | -€468,424 | -99.1% |
| Taxes, remuneration and social security | 45 | €128,882 | €75,890 | -€52,992 | -41.1% |
| Taxes | 450/3 | €127,393 | €75,890 | -€51,503 | -40.4% |
| Remuneration and social security | 454/9 | €1,489 | €0 | -€1,489 | -100% |
| Other amounts payable | 47/48 | €7,736 | €1,440 | -€6,296 | -81.4% |
| Accrued charges and deferred income | 492/3 | €164,441 | €112,916 | -€51,525 | -31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,139 | €48,169 | +€6,030 | +14.3% |
| Other operating charges | 640/8 | €67,894 | €25,770 | -€42,124 | -62.0% |
| Gross operating margin | 9900 | €335,212 | €469,832 | +€134,621 | +40.2% |
| Operating profit (loss) | 9901 | €225,178 | €395,893 | +€170,715 | +75.8% |
| Financial income | 75/76B | €1,032,550 | €625,920 | -€406,629 | -39.4% |
| Recurring financial income | 75 | €932,550 | €625,920 | -€306,629 | -32.9% |
| Non-recurring financial income | 76B | €100,000 | €0 | -€100,000 | -100% |
| Financial charges | 65/66B | €193,647 | €142,895 | -€50,752 | -26.2% |
| Recurring financial charges | 65 | €193,647 | €142,895 | -€50,752 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €1,064,080 | €878,918 | -€185,162 | -17.4% |
| Income taxes | 67/77 | €117,394 | €145,016 | +€27,622 | +23.5% |
| Profit (loss) for the period | 9904 | €946,687 | €733,902 | -€212,785 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €946,687 | €733,902 | -€212,785 | -22.5% |
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 13 October 2026 via checked.be.