FINFOR-CONSULT: 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.
FINFOR-CONSULT
Largest movements
- Receivables after one year -€120,000
no longer reported in 2025 (was €120,000)
- Cash +€36,288
up €36,288 (+763%), from €4,756 to €41,044
mainly Receivables after one year (+€120,000) and Net result for the year (+€13,369)
- Receivables within one year -€6,651
down €6,651 (-69.1%), from €9,622 to €2,971
- Other debts -€101,889
down €101,889 (-97.0%), from €105,000 to €3,111
- Reserves +€13,369
up €13,369 (+98.6%), from €13,558 to €26,927
of which Distributable reserves: +€13,369
- Trade debts -€2,515
down €2,515 (-66.0%), from €3,808 to €1,293
- Gross operating margin -€18,415
down €18,415 (-48.0%), from €38,374 to €19,959
- Financial income -€5,963
down €5,963 (-68.8%), from €8,663 to €2,700
- Taxes -€4,479
down €4,479 (-34.9%), from €12,848 to €8,369
- Depreciation -€774
down €774 (-53.5%), from €1,446 to €672
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 | €145,973 | €54,938 | -€91,035 | -62.4% |
| Fixed assets | 21/28 | €11,595 | €10,923 | -€672 | -5.8% |
| Tangible fixed assets | 22/27 | €3,520 | €2,848 | -€672 | -19.1% |
| Furniture and vehicles | 24 | €584 | €301 | -€283 | -48.5% |
| Other tangible fixed assets | 26 | €2,936 | €2,547 | -€389 | -13.2% |
| Financial fixed assets | 28 | €8,075 | €8,075 | = | 0.0% |
| Current assets | 29/58 | €134,378 | €44,015 | -€90,363 | -67.2% |
| Amounts receivable after more than one year | 29 | €120,000 | - | -€120,000 | |
| Other amounts receivable | 291 | €120,000 | - | -€120,000 | |
| Amounts receivable within one year | 40/41 | €9,622 | €2,971 | -€6,651 | -69.1% |
| Other amounts receivable | 41 | €9,622 | €2,971 | -€6,651 | -69.1% |
| Cash at bank and in hand | 54/58 | €4,756 | €41,044 | +€36,288 | +763% |
| Total equity and liabilities | 10/49 | €145,973 | €54,938 | -€91,035 | -62.4% |
| Equity | 10/15 | €37,165 | €50,534 | +€13,369 | +36.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,558 | €26,927 | +€13,369 | +98.6% |
| Tax-exempt reserves | 132 | €11,698 | €11,698 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €15,229 | +€13,369 | +719% |
| Profit (loss) carried forward | 14 | €5,007 | €5,007 | = | 0.0% |
| Amounts payable | 17/49 | €108,808 | €4,404 | -€104,404 | -96.0% |
| Amounts payable within one year | 42/48 | €108,808 | €4,404 | -€104,404 | -96.0% |
| Trade debts | 44 | €3,808 | €1,293 | -€2,515 | -66.0% |
| Suppliers | 440/4 | €3,808 | €1,293 | -€2,515 | -66.0% |
| Other amounts payable | 47/48 | €105,000 | €3,111 | -€101,889 | -97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,446 | €672 | -€774 | -53.5% |
| Gross operating margin | 9900 | €38,374 | €19,959 | -€18,415 | -48.0% |
| Operating profit (loss) | 9901 | €36,928 | €19,287 | -€17,641 | -47.8% |
| Financial income | 75/76B | €8,663 | €2,700 | -€5,963 | -68.8% |
| Recurring financial income | 75 | €8,663 | €2,700 | -€5,963 | -68.8% |
| Financial charges | 65/66B | €439 | €249 | -€190 | -43.3% |
| Recurring financial charges | 65 | €439 | €249 | -€190 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €45,152 | €21,738 | -€23,414 | -51.9% |
| Income taxes | 67/77 | €12,848 | €8,369 | -€4,479 | -34.9% |
| Profit (loss) for the period | 9904 | €32,304 | €13,369 | -€18,935 | -58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,304 | €13,369 | -€18,935 | -58.6% |
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 14 October 2026 via checked.be.