FINESCO PARTNERS: 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.
FINESCO PARTNERS
Largest movements
- Current investments -€117,317
down €117,317 (-56.4%), from €207,975 to €90,658
- Receivables within one year +€44,290
up €44,290 (+16.1%), from €275,114 to €319,404
of which Other amounts receivable: +€77,752
- Deferred charges and accrued income +€44,209
up €44,209 (+10,631%), from €416 to €44,625
- Tangible fixed assets -€14,931
down €14,931 (-14.6%), from €102,497 to €87,566
of which Plant, machinery and equipment: -€17,334
- Reserves -€84,669
down €84,669 (-17.5%), from €484,674 to €400,006
of which Distributable reserves: -€84,669
- Trade debts +€53,530
up €53,530 (+549%), from €9,753 to €63,283
- Investment grants -€12,279
down €12,279 (-28.7%), from €42,738 to €30,459
- Gross operating margin -€38,142
down €38,142 (-76.2%), from €50,087 to €11,945
- Taxes -€10,462
down €10,462 (-75.7%), from €13,822 to €3,360
- Financial income +€6,284
up €6,284 (+64.0%), from €9,813 to €16,097
- Depreciation -€1,950
down €1,950 (-17.3%), from €11,274 to €9,325
- Write-downs +€1,250
up €1,250, from €0 to €1,250
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 | €592,462 | €546,001 | -€46,461 | -7.8% |
| Fixed assets | 21/28 | €102,497 | €87,566 | -€14,931 | -14.6% |
| Tangible fixed assets | 22/27 | €102,497 | €87,566 | -€14,931 | -14.6% |
| Plant, machinery and equipment | 23 | €102,246 | €84,912 | -€17,334 | -17.0% |
| Furniture and vehicles | 24 | €252 | €2,654 | +€2,402 | +954% |
| Current assets | 29/58 | €489,964 | €458,435 | -€31,529 | -6.4% |
| Amounts receivable after more than one year | 29 | €160 | €160 | = | 0.0% |
| Trade receivables | 290 | €160 | €160 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €275,114 | €319,404 | +€44,290 | +16.1% |
| Trade receivables | 40 | €35,250 | €1,789 | -€33,462 | -94.9% |
| Other amounts receivable | 41 | €239,864 | €317,616 | +€77,752 | +32.4% |
| Current investments | 50/53 | €207,975 | €90,658 | -€117,317 | -56.4% |
| Cash at bank and in hand | 54/58 | €6,299 | €3,588 | -€2,712 | -43.0% |
| Deferred charges and accrued income | 490/1 | €416 | €44,625 | +€44,209 | +10,631% |
| Total equity and liabilities | 10/49 | €592,462 | €546,001 | -€46,461 | -7.8% |
| Equity | 10/15 | €570,457 | €473,510 | -€96,947 | -17.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €484,674 | €400,006 | -€84,669 | -17.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €482,814 | €398,146 | -€84,669 | -17.5% |
| Profit (loss) carried forward | 14 | €30,645 | €30,645 | = | 0.0% |
| Investment grants | 15 | €42,738 | €30,459 | -€12,279 | -28.7% |
| Provisions and deferred taxes | 16 | €10,684 | €8,871 | -€1,813 | -17.0% |
| Deferred taxes | 168 | €10,684 | €8,871 | -€1,813 | -17.0% |
| Amounts payable | 17/49 | €11,320 | €63,620 | +€52,300 | +462% |
| Amounts payable within one year | 42/48 | €11,320 | €63,560 | +€52,240 | +461% |
| Financial debts | 43 | €248 | €0 | -€248 | -100% |
| Credit institutions | 430/8 | €248 | €0 | -€248 | -100% |
| Trade debts | 44 | €9,753 | €63,283 | +€53,530 | +549% |
| Suppliers | 440/4 | €9,753 | €63,283 | +€53,530 | +549% |
| Taxes, remuneration and social security | 45 | €1,320 | €0 | -€1,320 | -100% |
| Taxes | 450/3 | €1,320 | €0 | -€1,320 | -100% |
| Other amounts payable | 47/48 | €0 | €277 | +€277 | |
| Accrued charges and deferred income | 492/3 | - | €60 | +€60 | |
| Non-recurring operating income | 76A | €3,500 | €0 | -€3,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,274 | €9,325 | -€1,950 | -17.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €1,250 | +€1,250 | |
| Other operating charges | 640/8 | €118 | €0 | -€118 | -100% |
| Non-recurring operating charges | 66A | - | €8,771 | +€8,771 | |
| Gross operating margin | 9900 | €50,087 | €11,945 | -€38,142 | -76.2% |
| Operating profit (loss) | 9901 | €38,695 | -€7,401 | -€46,096 | |
| Financial income | 75/76B | €9,813 | €16,097 | +€6,284 | +64.0% |
| Recurring financial income | 75 | €9,813 | €16,097 | +€6,284 | +64.0% |
| Financial charges | 65/66B | €192 | €399 | +€207 | +107% |
| Recurring financial charges | 65 | €192 | €399 | +€207 | +107% |
| Profit (loss) for the period before taxes | 9903 | €48,315 | €8,297 | -€40,018 | -82.8% |
| Transfer from deferred taxes | 780 | €1,107 | €1,813 | +€706 | +63.8% |
| Income taxes | 67/77 | €13,822 | €3,360 | -€10,462 | -75.7% |
| Profit (loss) for the period | 9904 | €35,601 | €6,750 | -€28,850 | -81.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,601 | €6,750 | -€28,850 | -81.0% |
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.