FINDWAYS: 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.
FINDWAYS
Largest movements
- Cash -€94,872
down €94,872 (-48.5%), from €195,621 to €100,748
mainly Contributions, distributions and other (-€100,703) and Other debts (-€22,909)
- Tangible fixed assets +€6,595
up €6,595 (+246.4%), from €2,676 to €9,272
of which Plant, machinery and equipment: +€9,019
- Profit (loss) carried forward -€66,777
no longer reported in 2025 (was €66,777)
- Other debts -€22,909
down €22,909 (-18.5%), from €124,075 to €101,165
- Tax, wage and social debts +€20,535
up €20,535 (+109.9%), from €18,677 to €39,213
- Trade debts -€19,796
down €19,796 (-98.0%), from €20,197 to €402
- Gross operating margin -€34,756
down €34,756 (-39.3%), from €88,407 to €53,651
- Taxes -€4,342
down €4,342 (-24.4%), from €17,794 to €13,452
- Depreciation +€1,241
up €1,241 (+49.2%), from €2,522 to €3,763
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 | €231,727 | €142,780 | -€88,947 | -38.4% |
| Fixed assets | 21/28 | €3,189 | €9,785 | +€6,595 | +206.8% |
| Tangible fixed assets | 22/27 | €2,676 | €9,272 | +€6,595 | +246.4% |
| Plant, machinery and equipment | 23 | - | €9,019 | +€9,019 | |
| Furniture and vehicles | 24 | €2,676 | €252 | -€2,424 | -90.6% |
| Financial fixed assets | 28 | €513 | €513 | = | 0.0% |
| Current assets | 29/58 | €228,537 | €132,995 | -€95,542 | -41.8% |
| Amounts receivable within one year | 40/41 | €30,674 | €32,247 | +€1,573 | +5.1% |
| Trade receivables | 40 | €30,674 | €32,247 | +€1,573 | +5.1% |
| Cash at bank and in hand | 54/58 | €195,621 | €100,748 | -€94,872 | -48.5% |
| Deferred charges and accrued income | 490/1 | €2,243 | - | -€2,243 | |
| Total equity and liabilities | 10/49 | €231,727 | €142,780 | -€88,947 | -38.4% |
| Equity | 10/15 | €68,777 | €2,000 | -€66,777 | -97.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €66,777 | - | -€66,777 | |
| Amounts payable | 17/49 | €162,949 | €140,780 | -€22,170 | -13.6% |
| Amounts payable within one year | 42/48 | €162,949 | €140,780 | -€22,170 | -13.6% |
| Trade debts | 44 | €20,197 | €402 | -€19,796 | -98.0% |
| Suppliers | 440/4 | €20,197 | €402 | -€19,796 | -98.0% |
| Taxes, remuneration and social security | 45 | €18,677 | €39,213 | +€20,535 | +109.9% |
| Taxes | 450/3 | €18,677 | €39,213 | +€20,535 | +109.9% |
| Other amounts payable | 47/48 | €124,075 | €101,165 | -€22,909 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,522 | €3,763 | +€1,241 | +49.2% |
| Other operating charges | 640/8 | €343 | €322 | -€21 | -6.0% |
| Gross operating margin | 9900 | €88,407 | €53,651 | -€34,756 | -39.3% |
| Operating profit (loss) | 9901 | €85,542 | €49,566 | -€35,976 | -42.1% |
| Financial charges | 65/66B | €1,782 | €2,188 | +€406 | +22.8% |
| Recurring financial charges | 65 | €1,782 | €2,188 | +€406 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €83,760 | €47,378 | -€36,382 | -43.4% |
| Income taxes | 67/77 | €17,794 | €13,452 | -€4,342 | -24.4% |
| Profit (loss) for the period | 9904 | €65,966 | €33,926 | -€32,041 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €65,966 | €33,926 | -€32,041 | -48.6% |
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 6 October 2026 via checked.be.