FinDvp: 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.
FinDvp
Largest movements
- Financial fixed assets +€31.8m
up €31.8m (+1,592,097,912%), from €2 to €31.8m
- Receivables within one year +€800,827
up €800,827 (+80,083%), from €1,000 to €801,827
of which Trade receivables: +€798,132
- Debts after one year +€31.4m
new in 2025: €31.4m
- Short-term financial debts +€948,497
up €948,497 (+1,842%), from €51,503 to €1.0m
- Accrued charges and deferred income +€482,490
up €482,490 (+94,619%), from €510 to €483,000
- Financial charges +€510,437
up €510,437 (+88,962%), from €574 to €511,011
- Financial income +€452,585
up €452,585 (+17,748,436%), from €3 to €452,588
- Gross operating margin +€14,287
up €14,287 (+50.2%), from -€28,456 to -€14,169
- Other operating charges -€372
down €372 (-48.2%), from €772 to €400
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.
Derived cash bridge
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 | €155,364 | €32,912,631 | +€32.8m | +21,084% |
| Fixed assets | 21/28 | €120,363 | €32,076,597 | +€32.0m | +26,550% |
| Tangible fixed assets | 22/27 | €120,361 | €234,637 | +€114,276 | +94.9% |
| Assets under construction and advance payments | 27 | €120,361 | €234,637 | +€114,276 | +94.9% |
| Financial fixed assets | 28 | €2 | €31,841,960 | +€31.8m | +1,592,097,912% |
| Current assets | 29/58 | €35,001 | €836,034 | +€801,033 | +2,289% |
| Amounts receivable within one year | 40/41 | €1,000 | €801,827 | +€800,827 | +80,083% |
| Trade receivables | 40 | - | €798,132 | +€798,132 | |
| Other amounts receivable | 41 | €1,000 | €3,695 | +€2,695 | +269% |
| Cash at bank and in hand | 54/58 | €33,998 | €34,207 | +€208 | +0.6% |
| Deferred charges and accrued income | 490/1 | €3 | - | -€3 | |
| Total equity and liabilities | 10/49 | €155,364 | €32,912,631 | +€32.8m | +21,084% |
| Equity | 10/15 | -€28,799 | -€101,791 | -€72,992 | -253% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,799 | -€102,791 | -€72,992 | -245% |
| Amounts payable | 17/49 | €184,163 | €33,014,422 | +€32.8m | +17,827% |
| Amounts payable after more than one year | 17 | - | €31,390,000 | +€31.4m | |
| Other amounts payable | 178/9 | - | €31,390,000 | +€31.4m | |
| Amounts payable within one year | 42/48 | €183,653 | €1,141,422 | +€957,769 | +522% |
| Financial debts | 43 | €51,503 | €1,000,000 | +€948,497 | +1,842% |
| Other loans | 439 | €51,503 | €1,000,000 | +€948,497 | +1,842% |
| Trade debts | 44 | €132,150 | €141,422 | +€9,272 | +7.0% |
| Suppliers | 440/4 | €132,150 | €141,422 | +€9,272 | +7.0% |
| Accrued charges and deferred income | 492/3 | €510 | €483,000 | +€482,490 | +94,619% |
| Other operating charges | 640/8 | €772 | €400 | -€372 | -48.2% |
| Gross operating margin | 9900 | -€28,456 | -€14,169 | +€14,287 | +50.2% |
| Operating profit (loss) | 9901 | -€29,228 | -€14,569 | +€14,659 | +50.2% |
| Financial income | 75/76B | €3 | €452,588 | +€452,585 | +17,748,436% |
| Recurring financial income | 75 | €3 | €452,588 | +€452,585 | +17,748,436% |
| Financial charges | 65/66B | €574 | €511,011 | +€510,437 | +88,962% |
| Recurring financial charges | 65 | €574 | €511,011 | +€510,437 | +88,962% |
| Profit (loss) for the period before taxes | 9903 | -€29,799 | -€72,992 | -€43,193 | -145% |
| Profit (loss) for the period | 9904 | -€29,799 | -€72,992 | -€43,193 | -145% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,799 | -€72,992 | -€43,193 | -145% |
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 24 October 2026 via checked.be.