FINEGO: 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.
What changed
FINEGO
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1,415
2024 · -€20,014+€21,428
Equity
€565,324
2024 · €564,063+€1,261
Cash
€24,148
2024 · €8,997+€15,151
Balance sheet total
€1.8m
2024 · €1.8m-€22,079
Largest movements
Assets
- Tangible fixed assets -€59,053
down €59,053 (-3.8%), from €1.5m to €1.5m
of which Land and buildings: -€68,624
- Receivables within one year +€20,942
up €20,942 (+8.6%), from €243,147 to €264,089
of which Trade receivables: +€17,605
Equity and liabilities
- Debts after one year -€88,471
down €88,471 (-11.0%), from €803,744 to €715,273
- Other debts +€63,381
up €63,381 (+22.5%), from €282,109 to €345,491
Income statement
- Gross operating margin +€38,787
up €38,787 (+43.9%), from €88,441 to €127,228
- Depreciation +€11,987
up €11,987 (+16.2%), from €73,855 to €85,842
- Financial income -€3,320
down €3,320 (-20.0%), from €16,634 to €13,314
of which Financial income: -€3,320
- Financial charges +€1,485
up €1,485 (+4.3%), from €34,832 to €36,317
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.
Result 2024
-€20,014
Gross operating margin
+€38,787
Depreciation
-€11,987
Other operating charges
-€612
Financial income
-€3,320
Financial charges
-€1,485
Taxes
+€79
Deferred taxes and other
-€33
Result 2025
€1,415
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€128,887
Investment
-€26,788
Financing
-€86,948
Cash 2024
€8,997
From operations (derived)
+€128,887
Net result for the year
+€1,415
Depreciation
+€85,842
Receivables within one year
-€20,942
Deferred charges and accrued income
-€882
Provisions
-€3,416
Trade debts
-€819
Tax, wage and social debts
+€4,307
Other debts
+€63,381
Investment (derived)
-€26,788
Investment in fixed assets (net)
-€26,788
Financing
-€86,948
Debts after one year
-€88,471
Current portion of long-term debt
+€1,677
Contributions, distributions and other
-€153
Cash 2025
€24,148
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,788,296 | €1,766,217 | -€22,079 | -1.2% |
| Fixed assets | 21/28 | €1,535,139 | €1,476,085 | -€59,053 | -3.8% |
| Tangible fixed assets | 22/27 | €1,535,139 | €1,476,085 | -€59,053 | -3.8% |
| Land and buildings | 22 | €1,501,759 | €1,433,135 | -€68,624 | -4.6% |
| Plant, machinery and equipment | 23 | €25,976 | €23,378 | -€2,598 | -10.0% |
| Furniture and vehicles | 24 | €7,404 | €19,573 | +€12,169 | +164% |
| Current assets | 29/58 | €253,157 | €290,131 | +€36,974 | +14.6% |
| Amounts receivable within one year | 40/41 | €243,147 | €264,089 | +€20,942 | +8.6% |
| Trade receivables | 40 | €461 | €18,066 | +€17,605 | +3,817% |
| Other amounts receivable | 41 | €242,686 | €246,023 | +€3,337 | +1.4% |
| Cash at bank and in hand | 54/58 | €8,997 | €24,148 | +€15,151 | +168% |
| Deferred charges and accrued income | 490/1 | €1,013 | €1,895 | +€882 | +87.0% |
| Total equity and liabilities | 10/49 | €1,788,296 | €1,766,217 | -€22,079 | -1.2% |
| Equity | 10/15 | €564,063 | €565,324 | +€1,261 | +0.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €513,864 | €505,898 | -€7,966 | -1.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €114,744 | €106,778 | -€7,966 | -6.9% |
| Distributable reserves | 133 | €392,920 | €392,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,801 | -€2,574 | +€9,227 | +78.2% |
| Provisions and deferred taxes | 16 | €46,614 | €43,198 | -€3,416 | -7.3% |
| Deferred taxes | 168 | €46,614 | €43,198 | -€3,416 | -7.3% |
| Amounts payable | 17/49 | €1,177,619 | €1,157,695 | -€19,925 | -1.7% |
| Amounts payable after more than one year | 17 | €803,744 | €715,273 | -€88,471 | -11.0% |
| Financial debts | 170/4 | €803,744 | €715,273 | -€88,471 | -11.0% |
| Amounts payable within one year | 42/48 | €373,876 | €442,422 | +€68,546 | +18.3% |
| Current portion of amounts payable after more than one year | 42 | €86,794 | €88,471 | +€1,677 | +1.9% |
| Trade debts | 44 | €3,818 | €2,998 | -€819 | -21.5% |
| Suppliers | 440/4 | €3,818 | €2,998 | -€819 | -21.5% |
| Taxes, remuneration and social security | 45 | €1,154 | €5,462 | +€4,307 | +373% |
| Taxes | 450/3 | €1,154 | €5,462 | +€4,307 | +373% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €282,109 | €345,491 | +€63,381 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,855 | €85,842 | +€11,987 | +16.2% |
| Other operating charges | 640/8 | €19,568 | €20,180 | +€612 | +3.1% |
| Gross operating margin | 9900 | €88,441 | €127,228 | +€38,787 | +43.9% |
| Operating profit (loss) | 9901 | -€4,982 | €21,206 | +€26,188 | |
| Financial income | 75/76B | €16,634 | €13,314 | -€3,320 | -20.0% |
| Recurring financial income | 75 | €16,634 | €13,314 | -€3,320 | -20.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €34,832 | €36,317 | +€1,485 | +4.3% |
| Recurring financial charges | 65 | €34,832 | €36,317 | +€1,485 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€23,180 | -€1,796 | +€21,383 | +92.2% |
| Transfer from deferred taxes | 780 | €3,449 | €3,416 | -€33 | -1.0% |
| Income taxes | 67/77 | €283 | €205 | -€79 | -27.7% |
| Profit (loss) for the period | 9904 | -€20,014 | €1,415 | +€21,428 | |
| Transfer from tax-exempt reserves | 789 | €8,066 | €7,966 | -€100 | -1.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,948 | €9,380 | +€21,328 |
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 19 October 2026 via checked.be.