FINDRO: 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.
FINDRO
Largest movements
- Current investments +€35,000
up €35,000 (+43.8%), from €80,000 to €115,000
- Tangible fixed assets -€21,722
down €21,722 (-39.2%), from €55,390 to €33,668
- Cash -€18,226
down €18,226 (-52.8%), from €34,537 to €16,311
mainly Contributions, distributions and other (-€148,666) and Current investments (-€35,000)
- Reserves -€83,129
down €83,129 (-99.2%), from €83,759 to €630
- Other debts +€51,616
up €51,616 (+68.8%), from €75,000 to €126,616
- Tax, wage and social debts +€21,227
up €21,227 (+113.3%), from €18,728 to €39,955
- Provisions +€7,000
new in 2025: €7,000
- Gross operating margin -€13,867
down €13,867 (-11.1%), from €124,898 to €111,031
- Provisions +€7,000
new in 2025: €7,000
- Taxes -€4,337
down €4,337 (-19.7%), from €21,996 to €17,660
- Depreciation +€3,734
up €3,734 (+20.8%), from €17,988 to €21,722
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 | €196,319 | €193,417 | -€2,902 | -1.5% |
| Fixed assets | 21/28 | €55,390 | €33,668 | -€21,722 | -39.2% |
| Tangible fixed assets | 22/27 | €55,390 | €33,668 | -€21,722 | -39.2% |
| Furniture and vehicles | 24 | €55,390 | €33,668 | -€21,722 | -39.2% |
| Current assets | 29/58 | €140,929 | €159,749 | +€18,820 | +13.4% |
| Amounts receivable within one year | 40/41 | €21,031 | €22,788 | +€1,757 | +8.4% |
| Trade receivables | 40 | €21,031 | €22,788 | +€1,757 | +8.4% |
| Current investments | 50/53 | €80,000 | €115,000 | +€35,000 | +43.8% |
| Cash at bank and in hand | 54/58 | €34,537 | €16,311 | -€18,226 | -52.8% |
| Deferred charges and accrued income | 490/1 | €5,361 | €5,650 | +€289 | +5.4% |
| Total equity and liabilities | 10/49 | €196,319 | €193,417 | -€2,902 | -1.5% |
| Equity | 10/15 | €102,359 | €19,230 | -€83,129 | -81.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,759 | €630 | -€83,129 | -99.2% |
| Distributable reserves | 133 | €83,759 | €630 | -€83,129 | -99.2% |
| Provisions and deferred taxes | 16 | - | €7,000 | +€7,000 | |
| Provisions for liabilities and charges | 160/5 | - | €7,000 | +€7,000 | |
| Other liabilities and charges | 164/5 | - | €7,000 | +€7,000 | |
| Amounts payable | 17/49 | €93,960 | €167,187 | +€73,227 | +77.9% |
| Amounts payable within one year | 42/48 | €93,960 | €167,187 | +€73,227 | +77.9% |
| Trade debts | 44 | €232 | €616 | +€383 | +165.0% |
| Suppliers | 440/4 | €232 | €616 | +€383 | +165.0% |
| Taxes, remuneration and social security | 45 | €18,728 | €39,955 | +€21,227 | +113.3% |
| Taxes | 450/3 | €18,728 | €39,955 | +€21,227 | +113.3% |
| Other amounts payable | 47/48 | €75,000 | €126,616 | +€51,616 | +68.8% |
| Non-recurring operating income | 76A | €15,837 | - | -€15,837 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,988 | €21,722 | +€3,734 | +20.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €7,000 | +€7,000 | |
| Other operating charges | 640/8 | €942 | €863 | -€79 | -8.3% |
| Gross operating margin | 9900 | €124,898 | €111,031 | -€13,867 | -11.1% |
| Operating profit (loss) | 9901 | €105,969 | €81,446 | -€24,522 | -23.1% |
| Financial income | 75/76B | €2,991 | €1,906 | -€1,086 | -36.3% |
| Recurring financial income | 75 | €2,991 | €1,906 | -€1,086 | -36.3% |
| Financial charges | 65/66B | €172 | €155 | -€16 | -9.6% |
| Recurring financial charges | 65 | €172 | €155 | -€16 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €108,788 | €83,197 | -€25,591 | -23.5% |
| Income taxes | 67/77 | €21,996 | €17,660 | -€4,337 | -19.7% |
| Profit (loss) for the period | 9904 | €86,792 | €65,537 | -€21,255 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €86,792 | €65,537 | -€21,255 | -24.5% |
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 1 October 2026 via checked.be.