Finexcon: 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.
Finexcon
Largest movements
- Cash +€50,375
up €50,375 (+91.3%), from €55,145 to €105,519
mainly Net result for the year (+€57,867) and Tax, wage and social debts (+€12,402)
- Receivables within one year +€13,464
up €13,464 (+37.6%), from €35,780 to €49,243
- Receivables after one year +€5,634
up €5,634 (+4.9%), from €115,218 to €120,852
- Reserves +€59,727
up €59,727 (+45.1%), from €132,482 to €192,209
- Tax, wage and social debts +€12,402
up €12,402 (+58.2%), from €21,310 to €33,713
of which Taxes: +€12,332
- Turnover +€49,697
up €49,697 (+32.0%), from €155,519 to €205,216
- Gross operating margin +€42,634
up €42,634 (+106%), from €40,092 to €82,726
- Taxes +€12,721
up €12,721 (+117%), from €10,883 to €23,603
- Financial charges -€5,052
down €5,052 (-60.5%), from €8,345 to €3,293
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 | €206,211 | €275,614 | +€69,404 | +33.7% |
| Fixed assets | 21/28 | €68 | €0 | -€68 | -100% |
| Tangible fixed assets | 22/27 | €68 | €0 | -€68 | -100% |
| Furniture and vehicles | 24 | €68 | €0 | -€68 | -100% |
| Current assets | 29/58 | €206,143 | €275,614 | +€69,472 | +33.7% |
| Amounts receivable after more than one year | 29 | €115,218 | €120,852 | +€5,634 | +4.9% |
| Trade receivables | 290 | €115,218 | €120,852 | +€5,634 | +4.9% |
| Amounts receivable within one year | 40/41 | €35,780 | €49,243 | +€13,464 | +37.6% |
| Trade receivables | 40 | €35,780 | €49,243 | +€13,464 | +37.6% |
| Cash at bank and in hand | 54/58 | €55,145 | €105,519 | +€50,375 | +91.3% |
| Total equity and liabilities | 10/49 | €206,211 | €275,614 | +€69,404 | +33.7% |
| Equity | 10/15 | €140,542 | €198,409 | +€57,867 | +41.2% |
| Contributions | 10/11 | €8,060 | €6,200 | -€1,860 | -23.1% |
| Reserves | 13 | €132,482 | €192,209 | +€59,727 | +45.1% |
| Distributable reserves | 133 | €132,482 | €192,209 | +€59,727 | +45.1% |
| Amounts payable | 17/49 | €65,668 | €77,205 | +€11,537 | +17.6% |
| Amounts payable after more than one year | 17 | €40,000 | €40,000 | = | 0.0% |
| Financial debts | 170/4 | €40,000 | €40,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,685 | €36,672 | +€13,987 | +61.7% |
| Trade debts | 44 | €1,375 | €2,959 | +€1,584 | +115% |
| Suppliers | 440/4 | €1,375 | €2,959 | +€1,584 | +115% |
| Taxes, remuneration and social security | 45 | €21,310 | €33,713 | +€12,402 | +58.2% |
| Taxes | 450/3 | €21,310 | €33,642 | +€12,332 | +57.9% |
| Remuneration and social security | 454/9 | - | €71 | +€71 | |
| Accrued charges and deferred income | 492/3 | €2,983 | €533 | -€2,450 | -82.1% |
| Turnover | 70 | €155,519 | €205,216 | +€49,697 | +32.0% |
| Non-recurring operating income | 76A | €4,642 | €0 | -€4,642 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €137,381 | €138,279 | +€898 | +0.7% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,327 | €68 | -€1,259 | -94.9% |
| Other operating charges | 640/8 | €1,311 | €1,232 | -€79 | -6.0% |
| Gross operating margin | 9900 | €40,092 | €82,726 | +€42,634 | +106% |
| Operating profit (loss) | 9901 | €37,454 | €81,425 | +€43,972 | +117% |
| Financial income | 75/76B | €2,871 | €3,338 | +€468 | +16.3% |
| Recurring financial income | 75 | €2,871 | €3,338 | +€468 | +16.3% |
| Financial charges | 65/66B | €8,345 | €3,293 | -€5,052 | -60.5% |
| Recurring financial charges | 65 | €8,345 | €3,293 | -€5,052 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €31,979 | €81,470 | +€49,491 | +155% |
| Income taxes | 67/77 | €10,883 | €23,603 | +€12,721 | +117% |
| Profit (loss) for the period | 9904 | €21,096 | €57,867 | +€36,771 | +174% |
| Profit (loss) for the period to be appropriated | 9905 | €21,096 | €57,867 | +€36,771 | +174% |
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 13 October 2026 via checked.be.