FINGEVER: 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.
FINGEVER
Largest movements
- Receivables within one year +€377,202
up €377,202 (+242.8%), from €155,347 to €532,549
of which Trade receivables: +€213,677
- Cash -€112,899
down €112,899 (-56.1%), from €201,243 to €88,344
mainly Receivables within one year (-€377,202) and Investment in fixed assets (net) (-€116,492)
- Tangible fixed assets +€41,783
up €41,783 (+2.9%), from €1.4m to €1.5m
of which Plant, machinery and equipment: +€168,725
- Trade debts +€240,378
new in 2025: €240,378
- Profit (loss) carried forward +€95,566
up €95,566 (+32.3%), from €295,860 to €391,426
- Debts after one year -€54,405
down €54,405 (-3.5%), from €1.5m to €1.5m
- Depreciation +€21,800
up €21,800 (+66.2%), from €32,908 to €54,709
- Gross operating margin -€9,377
down €9,377 (-3.4%), from €276,031 to €266,654
- Taxes -€7,302
down €7,302 (-18.6%), from €39,157 to €31,855
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 | €3,434,356 | €3,739,384 | +€305,027 | +8.9% |
| Fixed assets | 21/28 | €2,931,378 | €2,993,161 | +€61,783 | +2.1% |
| Tangible fixed assets | 22/27 | €1,444,016 | €1,485,799 | +€41,783 | +2.9% |
| Land and buildings | 22 | €1,169,500 | €1,042,559 | -€126,942 | -10.9% |
| Plant, machinery and equipment | 23 | €274,516 | €443,241 | +€168,725 | +61.5% |
| Financial fixed assets | 28 | €1,487,361 | €1,507,361 | +€20,000 | +1.3% |
| Current assets | 29/58 | €502,979 | €746,223 | +€243,244 | +48.4% |
| Amounts receivable after more than one year | 29 | €13,530 | €13,530 | = | 0.0% |
| Other amounts receivable | 291 | €13,530 | €13,530 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €155,347 | €532,549 | +€377,202 | +242.8% |
| Trade receivables | 40 | €154,504 | €368,181 | +€213,677 | +138.3% |
| Other amounts receivable | 41 | €843 | €164,368 | +€163,525 | +19398.0% |
| Cash at bank and in hand | 54/58 | €201,243 | €88,344 | -€112,899 | -56.1% |
| Deferred charges and accrued income | 490/1 | €132,858 | €111,800 | -€21,058 | -15.8% |
| Total equity and liabilities | 10/49 | €3,434,356 | €3,739,384 | +€305,027 | +8.9% |
| Equity | 10/15 | €1,777,665 | €1,873,231 | +€95,566 | +5.4% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €1,407,437 | €1,407,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €1,400,000 | €1,400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €295,860 | €391,426 | +€95,566 | +32.3% |
| Amounts payable | 17/49 | €1,656,691 | €1,866,153 | +€209,462 | +12.6% |
| Amounts payable after more than one year | 17 | €1,545,905 | €1,491,500 | -€54,405 | -3.5% |
| Financial debts | 170/4 | €1,545,905 | €1,491,500 | -€54,405 | -3.5% |
| Amounts payable within one year | 42/48 | €110,786 | €374,653 | +€263,867 | +238.2% |
| Current portion of amounts payable after more than one year | 42 | €63,358 | €65,205 | +€1,848 | +2.9% |
| Trade debts | 44 | - | €240,378 | +€240,378 | |
| Suppliers | 440/4 | - | €240,378 | +€240,378 | |
| Taxes, remuneration and social security | 45 | €45,334 | €44,055 | -€1,278 | -2.8% |
| Taxes | 450/3 | €45,334 | €44,055 | -€1,278 | -2.8% |
| Other amounts payable | 47/48 | €2,095 | €25,015 | +€22,920 | +1094.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,908 | €54,709 | +€21,800 | +66.2% |
| Other operating charges | 640/8 | €4,620 | €4,969 | +€349 | +7.6% |
| Gross operating margin | 9900 | €276,031 | €266,654 | -€9,377 | -3.4% |
| Operating profit (loss) | 9901 | €238,502 | €206,976 | -€31,526 | -13.2% |
| Financial income | 75/76B | - | €2,368 | +€2,368 | |
| Recurring financial income | 75 | - | €2,368 | +€2,368 | |
| Financial charges | 65/66B | €81,874 | €81,923 | +€49 | +0.1% |
| Recurring financial charges | 65 | €81,874 | €81,923 | +€49 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €156,628 | €127,421 | -€29,207 | -18.6% |
| Income taxes | 67/77 | €39,157 | €31,855 | -€7,302 | -18.6% |
| Profit (loss) for the period | 9904 | €117,471 | €95,566 | -€21,905 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €117,471 | €95,566 | -€21,905 | -18.6% |
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.