FINFORMA: 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.
FINFORMA
Largest movements
- Receivables within one year +€87,911
up €87,911 (+91.9%), from €95,645 to €183,557
- Deferred charges and accrued income +€2,992
up €2,992 (+22.0%), from €13,601 to €16,592
- Reserves +€60,688
up €60,688 (+88.3%), from €68,725 to €129,413
- Short-term financial debts +€25,776
up €25,776 (+316.3%), from €8,148 to €33,924
- Trade debts +€4,107
up €4,107 (+136.8%), from €3,002 to €7,110
- Write-downs -€88,921
down €88,921 (-93.6%), from €95,000 to €6,079
- Taxes +€20,714
up €20,714 (+949.1%), from €2,182 to €22,896
- Staff costs +€19,370
up €19,370 (+27.6%), from €70,194 to €89,565
- Gross operating margin +€7,690
up €7,690 (+4.5%), from €171,434 to €179,124
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 | €109,247 | €200,264 | +€91,018 | +83.3% |
| Current assets | 29/58 | €109,247 | €200,264 | +€91,018 | +83.3% |
| Amounts receivable within one year | 40/41 | €95,645 | €183,557 | +€87,911 | +91.9% |
| Other amounts receivable | 41 | €95,645 | €183,557 | +€87,911 | +91.9% |
| Cash at bank and in hand | 54/58 | €1 | €115 | +€115 | +16880.9% |
| Deferred charges and accrued income | 490/1 | €13,601 | €16,592 | +€2,992 | +22.0% |
| Total equity and liabilities | 10/49 | €109,247 | €200,264 | +€91,018 | +83.3% |
| Equity | 10/15 | €77,925 | €138,613 | +€60,688 | +77.9% |
| Contributions | 10/11 | €9,200 | €9,200 | = | 0.0% |
| Reserves | 13 | €68,725 | €129,413 | +€60,688 | +88.3% |
| Distributable reserves | 133 | €68,725 | €129,413 | +€60,688 | +88.3% |
| Amounts payable | 17/49 | €31,321 | €61,651 | +€30,330 | +96.8% |
| Amounts payable within one year | 42/48 | €31,321 | €61,651 | +€30,330 | +96.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €8,148 | €33,924 | +€25,776 | +316.3% |
| Credit institutions | 430/8 | €8,148 | €33,924 | +€25,776 | +316.3% |
| Trade debts | 44 | €3,002 | €7,110 | +€4,107 | +136.8% |
| Suppliers | 440/4 | €3,002 | €7,110 | +€4,107 | +136.8% |
| Taxes, remuneration and social security | 45 | €20,171 | €20,617 | +€447 | +2.2% |
| Taxes | 450/3 | €5,071 | €2,318 | -€2,752 | -54.3% |
| Remuneration and social security | 454/9 | €15,100 | €18,299 | +€3,199 | +21.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €70,194 | €89,565 | +€19,370 | +27.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €95,000 | €6,079 | -€88,921 | -93.6% |
| Other operating charges | 640/8 | €549 | €462 | -€88 | -15.9% |
| Gross operating margin | 9900 | €171,434 | €179,124 | +€7,690 | +4.5% |
| Operating profit (loss) | 9901 | €5,690 | €83,019 | +€77,329 | +1358.9% |
| Financial income | 75/76B | €0 | €1,592 | +€1,592 | |
| Recurring financial income | 75 | €0 | €1,592 | +€1,592 | |
| Financial charges | 65/66B | €1,120 | €1,026 | -€94 | -8.4% |
| Recurring financial charges | 65 | €1,120 | €1,026 | -€94 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €4,570 | €83,584 | +€79,014 | +1728.8% |
| Income taxes | 67/77 | €2,182 | €22,896 | +€20,714 | +949.1% |
| Profit (loss) for the period | 9904 | €2,388 | €60,688 | +€58,300 | +2441.4% |
| Profit (loss) for the period to be appropriated | 9905 | €2,388 | €60,688 | +€58,300 | +2441.4% |
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 3 October 2026 via checked.be.