FINGOVA: 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.
FINGOVA
Largest movements
- Stocks and contracts -€27,629
down €27,629 (-50.0%), from €55,257 to €27,629
- Cash -€6,494
down €6,494 (-75.1%), from €8,642 to €2,148
mainly Debts after one year (-€70,767) and Net result for the year (-€13,322)
- Receivables within one year -€3,194
down €3,194 (-13.0%), from €24,608 to €21,414
of which Trade receivables: -€3,753
- Tangible fixed assets -€1,304
down €1,304 (-37.8%), from €3,454 to €2,150
of which Furniture and vehicles: -€1,304
- Debts after one year -€70,767
no longer reported in 2024 (was €70,767)
- Tax, wage and social debts +€31,399
up €31,399 (+227.4%), from €13,805 to €45,204
- Trade debts +€14,324
up €14,324 (+387.1%), from €3,700 to €18,024
- Profit (loss) carried forward -€13,322
down €13,322 (-74.8%), from -€17,809 to -€31,131
- Gross operating margin +€33,060
up €33,060, from -€1,453 to €31,607
- Write-downs +€27,629
new in 2024: €27,629
- Other operating charges +€15,958
up €15,958 (+40276.4%), from €40 to €15,997
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,811 | €55,191 | -€38,620 | -41.2% |
| Fixed assets | 21/28 | €5,304 | €4,000 | -€1,304 | -24.6% |
| Tangible fixed assets | 22/27 | €3,454 | €2,150 | -€1,304 | -37.8% |
| Plant, machinery and equipment | 23 | €847 | €847 | = | 0.0% |
| Furniture and vehicles | 24 | €2,607 | €1,303 | -€1,304 | -50.0% |
| Financial fixed assets | 28 | €1,850 | €1,850 | = | 0.0% |
| Current assets | 29/58 | €88,507 | €51,191 | -€37,316 | -42.2% |
| Stocks and contracts in progress | 3 | €55,257 | €27,629 | -€27,629 | -50.0% |
| Stocks | 30/36 | €55,257 | €27,629 | -€27,629 | -50.0% |
| Amounts receivable within one year | 40/41 | €24,608 | €21,414 | -€3,194 | -13.0% |
| Trade receivables | 40 | €23,879 | €20,126 | -€3,753 | -15.7% |
| Other amounts receivable | 41 | €729 | €1,289 | +€560 | +76.8% |
| Cash at bank and in hand | 54/58 | €8,642 | €2,148 | -€6,494 | -75.1% |
| Total equity and liabilities | 10/49 | €93,811 | €55,191 | -€38,620 | -41.2% |
| Equity | 10/15 | -€12,809 | -€26,131 | -€13,322 | -104.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,809 | -€31,131 | -€13,322 | -74.8% |
| Amounts payable | 17/49 | €106,620 | €81,322 | -€25,298 | -23.7% |
| Amounts payable after more than one year | 17 | €70,767 | - | -€70,767 | |
| Financial debts | 170/4 | €70,767 | - | -€70,767 | |
| Amounts payable within one year | 42/48 | €35,853 | €81,322 | +€45,469 | +126.8% |
| Trade debts | 44 | €3,700 | €18,024 | +€14,324 | +387.1% |
| Suppliers | 440/4 | €3,700 | €18,024 | +€14,324 | +387.1% |
| Advances received on contracts in progress | 46 | €15,289 | €15,289 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,805 | €45,204 | +€31,399 | +227.4% |
| Taxes | 450/3 | €13,805 | €45,204 | +€31,399 | +227.4% |
| Other amounts payable | 47/48 | €3,059 | €2,805 | -€253 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,304 | €1,304 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €27,629 | +€27,629 | |
| Other operating charges | 640/8 | €40 | €15,997 | +€15,958 | +40276.4% |
| Gross operating margin | 9900 | -€1,453 | €31,607 | +€33,060 | |
| Operating profit (loss) | 9901 | -€2,796 | -€13,322 | -€10,526 | -376.4% |
| Financial charges | 65/66B | €81 | - | -€81 | |
| Recurring financial charges | 65 | €81 | - | -€81 | |
| Profit (loss) for the period before taxes | 9903 | -€2,878 | -€13,322 | -€10,445 | -363.0% |
| Profit (loss) for the period | 9904 | -€2,878 | -€13,322 | -€10,445 | -363.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,878 | -€13,322 | -€10,445 | -363.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.