FINEKO: 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.
What changed
FINEKO
NACE 69.201, Certified accountants and tax accountants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.7m
2024 · €1.3m+€399,114
Equity
€4.5m
2024 · €2.3m+€2.2m
Cash
€281,195
2024 · €227,093+€54,102
Balance sheet total
€9.2m
2024 · €6.6m+€2.6m
Largest movements
Assets
- Receivables within one year +€2.1m
up €2.1m (+78.9%), from €2.6m to €4.7m
of which Trade receivables: +€2.4m
- Tangible fixed assets +€820,706
up €820,706 (+116.0%), from €707,752 to €1.5m
of which Other tangible fixed assets: +€659,061
- Financial fixed assets -€332,620
down €332,620 (-99.9%), from €333,000 to €380
of which Affiliated companies: -€333,000
- Intangible fixed assets -€198,878
down €198,878 (-8.6%), from €2.3m to €2.1m
- Deferred charges and accrued income +€132,506
up €132,506 (+85.0%), from €155,912 to €288,417
Equity and liabilities
- Reserves +€2.2m
up €2.2m (+99.9%), from €2.2m to €4.3m
of which Distributable reserves: +€2.2m
- Other debts -€1.3m
down €1.3m (-66.8%), from €2.0m to €667,893
- Tax, wage and social debts +€1.2m
up €1.2m (+137.0%), from €887,562 to €2.1m
of which Remuneration and social security: +€944,422
- Trade debts +€492,739
up €492,739 (+39.2%), from €1.3m to €1.8m
Income statement
- Turnover +€8.2m
up €8.2m (+75.7%), from €10.8m to €19.1m
- Staff costs +€3.5m
up €3.5m (+78.1%), from €4.5m to €8.0m
- Services and other goods +€2.7m
up €2.7m (+52.1%), from €5.2m to €7.9m
- Depreciation +€526,314
up €526,314 (+451.1%), from €116,670 to €642,985
- Financial income -€303,167
down €303,167 (-91.4%), from €331,682 to €28,514
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
€1.3m
Turnover
+€8.2m
Other operating income
-€179,212
Goods and materials
-€33,820
Services and other goods
-€2.7m
Staff costs
-€3.5m
Depreciation
-€526,314
Write-downs
+€4,507
Other operating charges
-€65,491
Other operating items
-€91,607
Financial income
-€303,167
Financial charges
-€139,804
Taxes
-€291,578
Result 2025
€1.7m
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.
From operations
+€440,837
Investment
-€920,790
Financing
+€534,055
Cash 2024
€227,093
From operations (derived)
+€440,837
Net result for the year
+€1.7m
Depreciation
+€642,985
Stocks and contracts
-€23,596
Receivables within one year
-€2.1m
Deferred charges and accrued income
-€132,506
Trade debts
+€492,739
Tax, wage and social debts
+€1.2m
Advances received
+€15,427
Other debts
-€1.3m
Accrued charges and deferred income
-€23,619
Investment (derived)
-€920,790
Investment in fixed assets (net)
-€932,193
Current investments
+€11,403
Financing
+€534,055
Contributions, distributions and other
+€534,055
Cash 2025
€281,195
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,632,588 | €9,210,360 | +€2.6m | +38.9% |
| Fixed assets | 21/28 | €3,341,688 | €3,630,896 | +€289,208 | +8.7% |
| Intangible fixed assets | 21 | €2,300,936 | €2,102,058 | -€198,878 | -8.6% |
| Tangible fixed assets | 22/27 | €707,752 | €1,528,458 | +€820,706 | +116.0% |
| Plant, machinery and equipment | 23 | - | €6,586 | +€6,586 | |
| Furniture and vehicles | 24 | €583,780 | €738,840 | +€155,060 | +26.6% |
| Other tangible fixed assets | 26 | €123,971 | €783,032 | +€659,061 | +531.6% |
| Financial fixed assets | 28 | €333,000 | €380 | -€332,620 | -99.9% |
| Affiliated companies | 280/1 | €333,000 | €0 | -€333,000 | -100.0% |
| Participating interests | 280 | €333,000 | €0 | -€333,000 | -100.0% |
| Other financial fixed assets | 284/8 | - | €380 | +€380 | |
| Amounts receivable and cash guarantees | 285/8 | - | €380 | +€380 | |
| Current assets | 29/58 | €3,290,900 | €5,579,464 | +€2.3m | +69.5% |
| Stocks and contracts in progress | 3 | €226,517 | €250,112 | +€23,596 | +10.4% |
| Stocks | 30/36 | €22,000 | €22,000 | = | 0.0% |
| Property held for sale | 35 | €22,000 | €22,000 | = | 0.0% |
| Contracts in progress | 37 | €204,517 | €228,112 | +€23,596 | +11.5% |
| Amounts receivable within one year | 40/41 | €2,649,569 | €4,739,332 | +€2.1m | +78.9% |
| Trade receivables | 40 | €2,227,329 | €4,625,464 | +€2.4m | +107.7% |
| Other amounts receivable | 41 | €422,240 | €113,868 | -€308,373 | -73.0% |
| Current investments | 50/53 | €31,810 | €20,407 | -€11,403 | -35.8% |
| Other investments | 51/53 | €31,810 | €20,407 | -€11,403 | -35.8% |
| Cash at bank and in hand | 54/58 | €227,093 | €281,195 | +€54,102 | +23.8% |
| Deferred charges and accrued income | 490/1 | €155,912 | €288,417 | +€132,506 | +85.0% |
| Total equity and liabilities | 10/49 | €6,632,588 | €9,210,360 | +€2.6m | +38.9% |
| Equity | 10/15 | €2,312,125 | €4,532,771 | +€2.2m | +96.0% |
| Contributions | 10/11 | €140,000 | €190,000 | +€50,000 | +35.7% |
| Capital | 10 | €140,000 | €190,000 | +€50,000 | +35.7% |
| Issued capital | 100 | €140,000 | €190,000 | +€50,000 | +35.7% |
| Reserves | 13 | €2,172,125 | €4,342,771 | +€2.2m | +99.9% |
| Non-distributable reserves | 130/1 | €14,000 | €14,000 | = | 0.0% |
| Legal reserve | 130 | €14,000 | €14,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €49,628 | €49,628 | = | 0.0% |
| Distributable reserves | 133 | €2,108,498 | €4,279,143 | +€2.2m | +102.9% |
| Amounts payable | 17/49 | €4,320,463 | €4,677,589 | +€357,126 | +8.3% |
| Amounts payable within one year | 42/48 | €4,159,428 | €4,540,173 | +€380,745 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,257,332 | €1,750,071 | +€492,739 | +39.2% |
| Suppliers | 440/4 | €1,257,332 | €1,750,071 | +€492,739 | +39.2% |
| Advances received on contracts in progress | 46 | €3,457 | €18,884 | +€15,427 | +446.2% |
| Taxes, remuneration and social security | 45 | €887,562 | €2,103,326 | +€1.2m | +137.0% |
| Taxes | 450/3 | €337,055 | €608,396 | +€271,341 | +80.5% |
| Remuneration and social security | 454/9 | €550,507 | €1,494,929 | +€944,422 | +171.6% |
| Other amounts payable | 47/48 | €2,011,076 | €667,893 | -€1.3m | -66.8% |
| Accrued charges and deferred income | 492/3 | €161,035 | €137,416 | -€23,619 | -14.7% |
| Operating income | 70/76A | €11,549,506 | €19,496,646 | +€7.9m | +68.8% |
| Turnover | 70 | €10,848,551 | €19,061,773 | +€8.2m | +75.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €38,426 | -€48,444 | -€86,870 | |
| Other operating income | 74 | €662,528 | €483,316 | -€179,212 | -27.0% |
| Operating charges | 60/66A | €10,155,624 | €16,969,101 | +€6.8m | +67.1% |
| Goods for resale, raw materials and consumables | 60 | €367,262 | €401,082 | +€33,820 | +9.2% |
| Purchases | 600/8 | €367,262 | €401,082 | +€33,820 | +9.2% |
| Services and other goods | 61 | €5,164,675 | €7,856,292 | +€2.7m | +52.1% |
| Remuneration, social security and pensions | 62 | €4,474,472 | €7,970,477 | +€3.5m | +78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,670 | €642,985 | +€526,314 | +451.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€11,811 | -€16,317 | -€4,507 | -38.2% |
| Other operating charges | 640/8 | €44,355 | €109,846 | +€65,491 | +147.7% |
| Non-recurring operating charges | 66A | - | €4,737 | +€4,737 | |
| Operating profit (loss) | 9901 | €1,393,882 | €2,527,545 | +€1.1m | +81.3% |
| Financial income | 75/76B | €331,682 | €28,514 | -€303,167 | -91.4% |
| Recurring financial income | 75 | €331,682 | €28,514 | -€303,167 | -91.4% |
| Income from financial fixed assets | 750 | €315,000 | €0 | -€315,000 | -100.0% |
| Income from current assets | 751 | €16,634 | €28,328 | +€11,694 | +70.3% |
| Other financial income | 752/9 | €48 | €186 | +€138 | +291.0% |
| Financial charges | 65/66B | €15,968 | €155,772 | +€139,804 | +875.5% |
| Recurring financial charges | 65 | €15,968 | €89,903 | +€73,935 | +463.0% |
| Debt charges | 650 | €9,111 | €83,221 | +€74,111 | +813.5% |
| Other financial charges | 652/9 | €6,857 | €6,682 | -€176 | -2.6% |
| Non-recurring financial charges | 66B | - | €65,869 | +€65,869 | |
| Profit (loss) for the period before taxes | 9903 | €1,709,596 | €2,400,287 | +€690,691 | +40.4% |
| Income taxes | 67/77 | €422,119 | €713,696 | +€291,578 | +69.1% |
| Taxes | 670/3 | €422,119 | €713,696 | +€291,578 | +69.1% |
| Profit (loss) for the period | 9904 | €1,287,477 | €1,686,591 | +€399,114 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,287,477 | €1,686,591 | +€399,114 | +31.0% |
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.