Finico: what changed
Two financial 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.
Finico
Largest movements
- Tangible fixed assets -€13,268
down €13,268 (-31.2%), from €42,551 to €29,283
- Cash -€2,341
down €2,341 (-1.6%), from €142,013 to €139,672
mainly Contributions, distributions and other (-€50,000) and Debts after one year (-€15,156)
- Debts after one year -€15,156
down €15,156 (-74.5%), from €20,351 to €5,195
- Other debts -€7,884
down €7,884 (-15.6%), from €50,384 to €42,500
- Tax, wage and social debts +€6,146
up €6,146 (+145%), from €4,234 to €10,380
- Profit (loss) carried forward -€4,707
down €4,707 (-4.4%), from €108,200 to €103,493
- Trade debts +€2,718
up €2,718 (+316%), from €860 to €3,578
- Financial charges -€148,041
down €148,041 (-98.9%), from €149,644 to €1,603
of which Non-recurring financial charges: -€147,603
- Gross operating margin +€35,405
up €35,405 (+84.7%), from €41,785 to €77,190
- Taxes +€10,906
up €10,906 (+176%), from €6,210 to €17,116
- Financial income +€1,098
up €1,098 (+331%), from €332 to €1,430
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.
Derived cash bridge
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 | €219,024 | €200,762 | -€18,262 | -8.3% |
| Fixed assets | 21/28 | €42,551 | €29,283 | -€13,268 | -31.2% |
| Tangible fixed assets | 22/27 | €42,551 | €29,283 | -€13,268 | -31.2% |
| Furniture and vehicles | 24 | €42,551 | €29,283 | -€13,268 | -31.2% |
| Current assets | 29/58 | €176,473 | €171,479 | -€4,994 | -2.8% |
| Amounts receivable within one year | 40/41 | €31,196 | €30,409 | -€787 | -2.5% |
| Trade receivables | 40 | €27,050 | €29,621 | +€2,570 | +9.5% |
| Other amounts receivable | 41 | €4,145 | €788 | -€3,357 | -81.0% |
| Cash at bank and in hand | 54/58 | €142,013 | €139,672 | -€2,341 | -1.6% |
| Deferred charges and accrued income | 490/1 | €3,265 | €1,398 | -€1,867 | -57.2% |
| Total equity and liabilities | 10/49 | €219,024 | €200,762 | -€18,262 | -8.3% |
| Equity | 10/15 | €128,660 | €123,953 | -€4,707 | -3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,200 | €103,493 | -€4,707 | -4.4% |
| Amounts payable | 17/49 | €90,364 | €76,809 | -€13,555 | -15.0% |
| Amounts payable after more than one year | 17 | €20,351 | €5,195 | -€15,156 | -74.5% |
| Financial debts | 170/4 | €20,351 | €5,195 | -€15,156 | -74.5% |
| Amounts payable within one year | 42/48 | €70,013 | €71,614 | +€1,601 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €14,535 | €15,156 | +€621 | +4.3% |
| Trade debts | 44 | €860 | €3,578 | +€2,718 | +316% |
| Suppliers | 440/4 | €860 | €3,578 | +€2,718 | +316% |
| Taxes, remuneration and social security | 45 | €4,234 | €10,380 | +€6,146 | +145% |
| Taxes | 450/3 | €4,234 | €10,380 | +€6,146 | +145% |
| Other amounts payable | 47/48 | €50,384 | €42,500 | -€7,884 | -15.6% |
| Remuneration, social security and pensions | 62 | - | €309 | +€309 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,603 | €13,268 | -€336 | -2.5% |
| Other operating charges | 640/8 | €892 | €1,031 | +€139 | +15.6% |
| Gross operating margin | 9900 | €41,785 | €77,190 | +€35,405 | +84.7% |
| Operating profit (loss) | 9901 | €27,289 | €62,582 | +€35,292 | +129% |
| Financial income | 75/76B | €332 | €1,430 | +€1,098 | +331% |
| Recurring financial income | 75 | €332 | €1,430 | +€1,098 | +331% |
| Financial charges | 65/66B | €149,644 | €1,603 | -€148,041 | -98.9% |
| Recurring financial charges | 65 | €2,041 | €1,603 | -€438 | -21.5% |
| Non-recurring financial charges | 66B | €147,603 | €0 | -€147,603 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€122,023 | €62,409 | +€184,432 | |
| Income taxes | 67/77 | €6,210 | €17,116 | +€10,906 | +176% |
| Profit (loss) for the period | 9904 | -€128,233 | €45,293 | +€173,526 | |
| Profit (loss) for the period to be appropriated | 9905 | -€128,233 | €45,293 | +€173,526 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.