FINHOL: 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.
FINHOL
Largest movements
- Stocks and contracts -€33,170
down €33,170 (-51.9%), from €63,909 to €30,739
- Cash -€8,908
down €8,908 (-49.8%), from €17,880 to €8,972
mainly Net result for the year (-€200,358)
- Receivables within one year -€8,026
down €8,026 (-11.4%), from €70,365 to €62,340
- Tangible fixed assets -€4,099
down €4,099 (-98.2%), from €4,176 to €77
of which Furniture and vehicles: -€3,947
- Profit (loss) carried forward -€200,358
down €200,358 (-7.0%), from -€2.9m to -€3.1m
- Tax, wage and social debts +€69,611
up €69,611 (+51.3%), from €135,807 to €205,418
of which Taxes: +€62,231
- Short-term financial debts +€35,621
up €35,621 (+10.0%), from €357,611 to €393,232
- Trade debts +€23,416
up €23,416 (+22.3%), from €104,947 to €128,363
- Accrued charges and deferred income +€15,161
up €15,161 (+27.0%), from €56,192 to €71,353
- Financial charges -€1.3m
down €1.3m (-96.1%), from €1.4m to €53,514
of which Non-recurring financial charges: -€1.4m
- Gross operating margin -€262,722
down €262,722 (-80.8%), from €325,243 to €62,521
- Staff costs -€66,580
down €66,580 (-30.6%), from €217,780 to €151,200
- Write-downs +€47,211
new in 2024: €47,211
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 | €166,795 | €112,325 | -€54,470 | -32.7% |
| Fixed assets | 21/28 | €6,939 | €2,840 | -€4,099 | -59.1% |
| Tangible fixed assets | 22/27 | €4,176 | €77 | -€4,099 | -98.2% |
| Plant, machinery and equipment | 23 | €151 | - | -€151 | |
| Furniture and vehicles | 24 | €4,024 | €77 | -€3,947 | -98.1% |
| Financial fixed assets | 28 | €2,763 | €2,763 | = | 0.0% |
| Current assets | 29/58 | €159,857 | €109,485 | -€50,371 | -31.5% |
| Stocks and contracts in progress | 3 | €63,909 | €30,739 | -€33,170 | -51.9% |
| Stocks | 30/36 | €63,909 | €30,739 | -€33,170 | -51.9% |
| Amounts receivable within one year | 40/41 | €70,365 | €62,340 | -€8,026 | -11.4% |
| Trade receivables | 40 | €70,365 | €62,340 | -€8,026 | -11.4% |
| Cash at bank and in hand | 54/58 | €17,880 | €8,972 | -€8,908 | -49.8% |
| Deferred charges and accrued income | 490/1 | €7,702 | €7,434 | -€268 | -3.5% |
| Total equity and liabilities | 10/49 | €166,795 | €112,325 | -€54,470 | -32.7% |
| Equity | 10/15 | -€487,761 | -€688,119 | -€200,358 | -41.1% |
| Contributions | 10/11 | €2,366,500 | €2,366,500 | = | 0.0% |
| Capital | 10 | €2,366,500 | €2,366,500 | = | 0.0% |
| Issued capital | 100 | €2,366,500 | €2,366,500 | = | 0.0% |
| Reserves | 13 | €20,769 | €20,769 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,769 | €20,769 | = | 0.0% |
| Legal reserve | 130 | €20,769 | €20,769 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,875,030 | -€3,075,388 | -€200,358 | -7.0% |
| Amounts payable | 17/49 | €654,556 | €800,444 | +€145,888 | +22.3% |
| Amounts payable within one year | 42/48 | €598,364 | €729,091 | +€130,727 | +21.8% |
| Financial debts | 43 | €357,611 | €393,232 | +€35,621 | +10.0% |
| Other loans | 439 | €357,611 | €393,232 | +€35,621 | +10.0% |
| Trade debts | 44 | €104,947 | €128,363 | +€23,416 | +22.3% |
| Suppliers | 440/4 | €104,947 | €128,363 | +€23,416 | +22.3% |
| Taxes, remuneration and social security | 45 | €135,807 | €205,418 | +€69,611 | +51.3% |
| Taxes | 450/3 | €78,056 | €140,287 | +€62,231 | +79.7% |
| Remuneration and social security | 454/9 | €57,751 | €65,131 | +€7,380 | +12.8% |
| Other amounts payable | 47/48 | - | €2,078 | +€2,078 | |
| Accrued charges and deferred income | 492/3 | €56,192 | €71,353 | +€15,161 | +27.0% |
| Remuneration, social security and pensions | 62 | €217,780 | €151,200 | -€66,580 | -30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,103 | €4,099 | -€5 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €47,211 | +€47,211 | |
| Other operating charges | 640/8 | €7,685 | €6,092 | -€1,593 | -20.7% |
| Gross operating margin | 9900 | €325,243 | €62,521 | -€262,722 | -80.8% |
| Operating profit (loss) | 9901 | €95,675 | -€146,080 | -€241,755 | |
| Financial income | 75/76B | €978 | - | -€978 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Non-recurring financial income | 76B | €968 | - | -€968 | |
| Financial charges | 65/66B | €1,383,253 | €53,514 | -€1.3m | -96.1% |
| Recurring financial charges | 65 | €24,321 | €53,514 | +€29,193 | +120.0% |
| Non-recurring financial charges | 66B | €1,358,932 | - | -€1.4m | |
| Profit (loss) for the period before taxes | 9903 | -€1,286,600 | -€199,594 | +€1.1m | +84.5% |
| Income taxes | 67/77 | €1,411 | €764 | -€647 | -45.9% |
| Profit (loss) for the period | 9904 | -€1,288,011 | -€200,358 | +€1.1m | +84.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,288,011 | -€200,358 | +€1.1m | +84.4% |
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 7 October 2026 via checked.be.