FINFISCO: 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.
FINFISCO
Largest movements
- Receivables within one year +€95,019
up €95,019 (+36.4%), from €261,388 to €356,406
of which Trade receivables: +€68,661
- Tangible fixed assets -€28,014
down €28,014 (-9.3%), from €300,702 to €272,689
of which Furniture and vehicles: -€56,174
- Cash -€27,322
down €27,322 (-24.8%), from €110,287 to €82,965
mainly Contributions, distributions and other (-€182,108) and Receivables within one year (-€95,019)
- Deferred charges and accrued income -€8,435
down €8,435 (-72.7%), from €11,596 to €3,161
- Debts after one year -€53,749
down €53,749 (-40.0%), from €134,483 to €80,734
- Trade debts +€46,478
up €46,478 (+190.0%), from €24,461 to €70,939
- Other debts +€17,777
up €17,777 (+10.8%), from €164,330 to €182,108
- Tax, wage and social debts +€17,392
up €17,392 (+15.6%), from €111,522 to €128,914
of which Taxes: +€27,706
- Short-term financial debts +€11,568
up €11,568 (+11.0%), from €104,765 to €116,333
- Staff costs +€50,095
up €50,095 (+6.7%), from €747,432 to €797,528
- Gross operating margin +€44,087
up €44,087 (+4.4%), from €1.0m to €1.0m
- Financial income +€19,958
up €19,958 (+1680.1%), from €1,188 to €21,146
of which Non-recurring financial income: +€20,360
- Financial charges +€15,466
up €15,466 (+158.8%), from €9,740 to €25,206
of which Non-recurring financial charges: +€12,092
- Depreciation -€14,719
down €14,719 (-30.6%), from €48,171 to €33,452
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €689,159 | €720,408 | +€31,248 | +4.5% |
| Fixed assets | 21/28 | €305,888 | €277,875 | -€28,014 | -9.2% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €300,702 | €272,689 | -€28,014 | -9.3% |
| Plant, machinery and equipment | 23 | €33,076 | €64,733 | +€31,658 | +95.7% |
| Furniture and vehicles | 24 | €74,371 | €18,197 | -€56,174 | -75.5% |
| Other tangible fixed assets | 26 | €193,255 | €189,758 | -€3,497 | -1.8% |
| Financial fixed assets | 28 | €5,185 | €5,185 | = | 0.0% |
| Current assets | 29/58 | €383,271 | €442,533 | +€59,262 | +15.5% |
| Amounts receivable within one year | 40/41 | €261,388 | €356,406 | +€95,019 | +36.4% |
| Trade receivables | 40 | €229,388 | €298,048 | +€68,661 | +29.9% |
| Other amounts receivable | 41 | €32,000 | €58,358 | +€26,358 | +82.4% |
| Cash at bank and in hand | 54/58 | €110,287 | €82,965 | -€27,322 | -24.8% |
| Deferred charges and accrued income | 490/1 | €11,596 | €3,161 | -€8,435 | -72.7% |
| Total equity and liabilities | 10/49 | €689,159 | €720,408 | +€31,248 | +4.5% |
| Equity | 10/15 | €61,220 | €61,235 | +€15 | 0.0% |
| Contributions | 10/11 | €77,400 | €77,400 | = | 0.0% |
| Capital | 10 | €72,000 | €72,000 | = | 0.0% |
| Issued capital | 100 | €72,000 | €72,000 | = | 0.0% |
| Outside capital | 11 | €5,400 | €5,400 | = | 0.0% |
| Share premium | 1100/10 | €5,400 | €5,400 | = | 0.0% |
| Reserves | 13 | €57,578 | €57,592 | +€15 | 0.0% |
| Non-distributable reserves | 130/1 | €7,200 | €7,200 | = | 0.0% |
| Legal reserve | 130 | €7,200 | €7,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,699 | €26,279 | -€4,420 | -14.4% |
| Distributable reserves | 133 | €19,679 | €24,114 | +€4,435 | +22.5% |
| Profit (loss) carried forward | 14 | -€73,757 | -€73,757 | = | 0.0% |
| Provisions and deferred taxes | 16 | €15,120 | €12,943 | -€2,177 | -14.4% |
| Deferred taxes | 168 | €15,120 | €12,943 | -€2,177 | -14.4% |
| Amounts payable | 17/49 | €612,818 | €646,229 | +€33,411 | +5.5% |
| Amounts payable after more than one year | 17 | €134,483 | €80,734 | -€53,749 | -40.0% |
| Financial debts | 170/4 | €134,483 | €80,734 | -€53,749 | -40.0% |
| Amounts payable within one year | 42/48 | €472,646 | €561,626 | +€88,980 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | €67,567 | €63,333 | -€4,234 | -6.3% |
| Financial debts | 43 | €104,765 | €116,333 | +€11,568 | +11.0% |
| Credit institutions | 430/8 | €104,765 | €116,333 | +€11,568 | +11.0% |
| Trade debts | 44 | €24,461 | €70,939 | +€46,478 | +190.0% |
| Suppliers | 440/4 | €24,461 | €70,939 | +€46,478 | +190.0% |
| Taxes, remuneration and social security | 45 | €111,522 | €128,914 | +€17,392 | +15.6% |
| Taxes | 450/3 | €16,317 | €44,023 | +€27,706 | +169.8% |
| Remuneration and social security | 454/9 | €95,205 | €84,890 | -€10,315 | -10.8% |
| Other amounts payable | 47/48 | €164,330 | €182,108 | +€17,777 | +10.8% |
| Accrued charges and deferred income | 492/3 | €5,689 | €3,869 | -€1,820 | -32.0% |
| Remuneration, social security and pensions | 62 | €747,432 | €797,528 | +€50,095 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,171 | €33,452 | -€14,719 | -30.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,591 | €7,061 | -€5,531 | -43.9% |
| Other operating charges | 640/8 | €2,310 | €2,216 | -€95 | -4.1% |
| Gross operating margin | 9900 | €1,001,176 | €1,045,263 | +€44,087 | +4.4% |
| Operating profit (loss) | 9901 | €190,671 | €205,007 | +€14,336 | +7.5% |
| Financial income | 75/76B | €1,188 | €21,146 | +€19,958 | +1680.1% |
| Recurring financial income | 75 | €1,188 | €786 | -€402 | -33.8% |
| Non-recurring financial income | 76B | - | €20,360 | +€20,360 | |
| Financial charges | 65/66B | €9,740 | €25,206 | +€15,466 | +158.8% |
| Recurring financial charges | 65 | €9,740 | €13,115 | +€3,374 | +34.6% |
| Non-recurring financial charges | 66B | - | €12,092 | +€12,092 | |
| Profit (loss) for the period before taxes | 9903 | €182,119 | €200,946 | +€18,827 | +10.3% |
| Transfer from deferred taxes | 780 | €2,177 | €2,177 | = | 0.0% |
| Income taxes | 67/77 | €20,175 | €21,001 | +€826 | +4.1% |
| Profit (loss) for the period | 9904 | €164,121 | €182,122 | +€18,001 | +11.0% |
| Transfer from tax-exempt reserves | 789 | €4,420 | €4,420 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €168,541 | €186,542 | +€18,001 | +10.7% |
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 6 October 2026 via checked.be.