FINEOPS: 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.
FINEOPS
Largest movements
- Receivables after one year -€38,000
no longer reported in 2025 (was €38,000)
- Cash +€26,545
up €26,545 (+77.7%), from €34,181 to €60,725
mainly Receivables after one year (+€38,000) and Other debts (+€35,250)
- Tangible fixed assets -€18,206
down €18,206 (-21.9%), from €83,011 to €64,805
of which Furniture and vehicles: -€17,359
- Deferred charges and accrued income +€2,980
up €2,980 (+195%), from €1,528 to €4,508
- Profit (loss) carried forward -€49,834
down €49,834 (-69.7%), from €71,510 to €21,676
- Other debts +€35,250
new in 2025: €35,250
- Debts after one year -€9,918
down €9,918 (-25.9%), from €38,244 to €28,326
- Depreciation +€9,287
up €9,287 (+90.7%), from €10,236 to €19,524
- Gross operating margin -€8,176
down €8,176 (-11.2%), from €73,014 to €64,838
- Other operating charges -€2,114
down €2,114 (-71.4%), from €2,961 to €847
- Taxes -€1,327
down €1,327 (-9.7%), from €13,615 to €12,288
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 | €172,536 | €147,376 | -€25,160 | -14.6% |
| Fixed assets | 21/28 | €83,011 | €64,805 | -€18,206 | -21.9% |
| Tangible fixed assets | 22/27 | €83,011 | €64,805 | -€18,206 | -21.9% |
| Furniture and vehicles | 24 | €79,559 | €62,200 | -€17,359 | -21.8% |
| Other tangible fixed assets | 26 | €3,452 | €2,605 | -€847 | -24.5% |
| Current assets | 29/58 | €89,525 | €82,571 | -€6,954 | -7.8% |
| Amounts receivable after more than one year | 29 | €38,000 | - | -€38,000 | |
| Other amounts receivable | 291 | €38,000 | - | -€38,000 | |
| Amounts receivable within one year | 40/41 | €15,816 | €17,337 | +€1,521 | +9.6% |
| Trade receivables | 40 | €15,816 | €16,626 | +€809 | +5.1% |
| Other amounts receivable | 41 | - | €712 | +€712 | |
| Cash at bank and in hand | 54/58 | €34,181 | €60,725 | +€26,545 | +77.7% |
| Deferred charges and accrued income | 490/1 | €1,528 | €4,508 | +€2,980 | +195% |
| Total equity and liabilities | 10/49 | €172,536 | €147,376 | -€25,160 | -14.6% |
| Equity | 10/15 | €93,088 | €43,253 | -€49,834 | -53.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €19,577 | €19,577 | = | 0.0% |
| Distributable reserves | 133 | €19,577 | €19,577 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,510 | €21,676 | -€49,834 | -69.7% |
| Amounts payable | 17/49 | €79,448 | €104,122 | +€24,674 | +31.1% |
| Amounts payable after more than one year | 17 | €38,244 | €28,326 | -€9,918 | -25.9% |
| Financial debts | 170/4 | €38,244 | €28,326 | -€9,918 | -25.9% |
| Amounts payable within one year | 42/48 | €40,403 | €75,796 | +€35,393 | +87.6% |
| Current portion of amounts payable after more than one year | 42 | €9,555 | €9,918 | +€363 | +3.8% |
| Trade debts | 44 | €768 | €1,228 | +€459 | +59.8% |
| Suppliers | 440/4 | €768 | €1,228 | +€459 | +59.8% |
| Taxes, remuneration and social security | 45 | €30,081 | €29,401 | -€679 | -2.3% |
| Taxes | 450/3 | €30,081 | €28,771 | -€1,309 | -4.4% |
| Remuneration and social security | 454/9 | - | €630 | +€630 | |
| Other amounts payable | 47/48 | - | €35,250 | +€35,250 | |
| Accrued charges and deferred income | 492/3 | €801 | - | -€801 | |
| Non-recurring operating income | 76A | €5,807 | - | -€5,807 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,236 | €19,524 | +€9,287 | +90.7% |
| Other operating charges | 640/8 | €2,961 | €847 | -€2,114 | -71.4% |
| Non-recurring operating charges | 66A | €201 | €928 | +€727 | +361% |
| Gross operating margin | 9900 | €73,014 | €64,838 | -€8,176 | -11.2% |
| Operating profit (loss) | 9901 | €59,615 | €43,539 | -€16,076 | -27.0% |
| Financial income | 75/76B | €938 | €665 | -€273 | -29.1% |
| Recurring financial income | 75 | €938 | €665 | -€273 | -29.1% |
| Financial charges | 65/66B | €1,155 | €1,750 | +€595 | +51.5% |
| Recurring financial charges | 65 | €1,155 | €1,750 | +€595 | +51.5% |
| Profit (loss) for the period before taxes | 9903 | €59,399 | €42,454 | -€16,945 | -28.5% |
| Income taxes | 67/77 | €13,615 | €12,288 | -€1,327 | -9.7% |
| Profit (loss) for the period | 9904 | €45,784 | €30,166 | -€15,618 | -34.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,784 | €30,166 | -€15,618 | -34.1% |
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 17 October 2026 via checked.be.