FINGAS: 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.
What changed
FINGAS
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€362,666
2024 · €359,501+€3,165
Equity
€7.5m
2024 · €7.4m+€187,769
Cash
€472,525
2024 · €148,496+€324,029
Balance sheet total
€8.5m
2024 · €7.6m+€893,300
Largest movements
Assets
- Financial fixed assets +€860,823
up €860,823 (+12.5%), from €6.9m to €7.8m
- Cash +€324,029
up €324,029 (+218.2%), from €148,496 to €472,525
mainly Debts after one year (+€471,315) and Net result for the year (+€362,666)
- Current investments -€300,000
down €300,000 (-100.0%), from €300,000 to €0
Equity and liabilities
- Debts after one year +€471,315
up €471,315 (+669.9%), from €70,357 to €541,672
- Reserves +€187,769
up €187,769 (+5.1%), from €3.7m to €3.9m
of which Distributable reserves: +€187,769
- Current portion of long-term debt +€122,630
up €122,630 (+609.9%), from €20,107 to €142,737
- Other debts +€116,723
up €116,723, from €0 to €116,723
Income statement
- Gross operating margin +€10,002
up €10,002 (+1.2%), from €822,497 to €832,499
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.
Result 2024
€359,501
Gross operating margin
+€10,002
Staff costs
-€1,003
Depreciation
-€6,445
Other operating charges
+€7
Other operating items
+€2,607
Financial income
+€6,893
Financial charges
-€4,231
Taxes
-€4,666
Result 2025
€362,666
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.
From operations
+€567,093
Investment
-€662,111
Financing
+€419,047
Cash 2024
€148,496
From operations (derived)
+€567,093
Net result for the year
+€362,666
Depreciation
+€37,835
Receivables within one year
+€56,271
Smaller working-capital items
-€2,335
Trade debts
-€4,068
Other debts
+€116,723
Investment (derived)
-€662,111
Investment in fixed assets (net)
-€962,111
Current investments
+€300,000
Financing
+€419,047
Debts after one year
+€471,315
Current portion of long-term debt
+€122,630
Contributions, distributions and other
-€174,898
Cash 2025
€472,525
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,589,373 | €8,482,674 | +€893,300 | +11.8% |
| Fixed assets | 21/28 | €7,011,794 | €7,936,070 | +€924,276 | +13.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €116,092 | €179,544 | +€63,452 | +54.7% |
| Furniture and vehicles | 24 | €116,092 | €179,544 | +€63,452 | +54.7% |
| Financial fixed assets | 28 | €6,895,702 | €7,756,526 | +€860,823 | +12.5% |
| Current assets | 29/58 | €577,580 | €546,604 | -€30,975 | -5.4% |
| Amounts receivable within one year | 40/41 | €126,678 | €70,407 | -€56,271 | -44.4% |
| Trade receivables | 40 | €39,930 | €12,100 | -€27,830 | -69.7% |
| Other amounts receivable | 41 | €86,748 | €58,307 | -€28,441 | -32.8% |
| Current investments | 50/53 | €300,000 | €0 | -€300,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €148,496 | €472,525 | +€324,029 | +218.2% |
| Deferred charges and accrued income | 490/1 | €2,406 | €3,673 | +€1,267 | +52.6% |
| Total equity and liabilities | 10/49 | €7,589,373 | €8,482,674 | +€893,300 | +11.8% |
| Equity | 10/15 | €7,359,509 | €7,547,278 | +€187,769 | +2.6% |
| Contributions | 10/11 | €3,650,000 | €3,650,000 | = | 0.0% |
| Capital | 10 | €3,650,000 | €3,650,000 | = | 0.0% |
| Issued capital | 100 | €3,650,000 | €3,650,000 | = | 0.0% |
| Reserves | 13 | €3,709,509 | €3,897,278 | +€187,769 | +5.1% |
| Non-distributable reserves | 130/1 | €365,000 | €365,000 | = | 0.0% |
| Legal reserve | 130 | €365,000 | €365,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €173 | €173 | = | 0.0% |
| Distributable reserves | 133 | €3,344,336 | €3,532,105 | +€187,769 | +5.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €229,864 | €935,396 | +€705,532 | +306.9% |
| Amounts payable after more than one year | 17 | €70,357 | €541,672 | +€471,315 | +669.9% |
| Financial debts | 170/4 | €70,357 | €541,672 | +€471,315 | +669.9% |
| Amounts payable within one year | 42/48 | €155,757 | €389,974 | +€234,217 | +150.4% |
| Current portion of amounts payable after more than one year | 42 | €20,107 | €142,737 | +€122,630 | +609.9% |
| Trade debts | 44 | €5,942 | €1,874 | -€4,068 | -68.5% |
| Suppliers | 440/4 | €5,942 | €1,874 | -€4,068 | -68.5% |
| Taxes, remuneration and social security | 45 | €129,709 | €128,641 | -€1,068 | -0.8% |
| Taxes | 450/3 | €84,201 | €74,188 | -€10,012 | -11.9% |
| Remuneration and social security | 454/9 | €45,508 | €54,453 | +€8,944 | +19.7% |
| Other amounts payable | 47/48 | €0 | €116,723 | +€116,723 | |
| Accrued charges and deferred income | 492/3 | €3,750 | €3,750 | = | 0.0% |
| Non-recurring operating income | 76A | €2,930 | €19,347 | +€16,417 | +560.2% |
| Remuneration, social security and pensions | 62 | €266,040 | €267,043 | +€1,003 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,390 | €37,835 | +€6,445 | +20.5% |
| Other operating charges | 640/8 | €3,024 | €3,016 | -€7 | -0.2% |
| Non-recurring operating charges | 66A | €2,607 | €0 | -€2,607 | -100.0% |
| Gross operating margin | 9900 | €822,497 | €832,499 | +€10,002 | +1.2% |
| Operating profit (loss) | 9901 | €519,435 | €524,605 | +€5,169 | +1.0% |
| Financial income | 75/76B | €11,528 | €18,420 | +€6,893 | +59.8% |
| Recurring financial income | 75 | €11,528 | €18,420 | +€6,893 | +59.8% |
| Financial charges | 65/66B | €3,296 | €7,527 | +€4,231 | +128.4% |
| Recurring financial charges | 65 | €3,296 | €7,527 | +€4,231 | +128.4% |
| Profit (loss) for the period before taxes | 9903 | €527,667 | €535,498 | +€7,831 | +1.5% |
| Income taxes | 67/77 | €168,166 | €172,832 | +€4,666 | +2.8% |
| Profit (loss) for the period | 9904 | €359,501 | €362,666 | +€3,165 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €359,501 | €362,666 | +€3,165 | +0.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.