Finico: 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.
Finico
Largest movements
- Tangible fixed assets +€28,818
up €28,818 (+246.6%), from €11,685 to €40,503
of which Other tangible fixed assets: +€25,325
- Cash -€8,330
down €8,330 (-35.3%), from €23,586 to €15,257
mainly Investment in fixed assets (net) (-€33,601) and Other debts (-€27,859)
- Receivables within one year -€2,991
down €2,991 (-21.0%), from €14,268 to €11,276
of which Trade receivables: -€5,268
- Reserves +€45,623
up €45,623 (+435.1%), from €10,486 to €56,110
- Other debts -€27,859
down €27,859 (-83.3%), from €33,444 to €5,586
- Tax, wage and social debts +€826
up €826 (+38.0%), from €2,174 to €3,000
- Trade debts -€735
down €735 (-32.7%), from €2,249 to €1,514
- Gross operating margin +€50,088
up €50,088 (+346.7%), from €14,449 to €64,537
- Taxes +€10,360
up €10,360 (+340.3%), from €3,044 to €13,403
- Depreciation +€4,469
up €4,469 (+1420.8%), from €315 to €4,783
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 | €53,354 | €71,210 | +€17,855 | +33.5% |
| Fixed assets | 21/28 | €11,685 | €40,503 | +€28,818 | +246.6% |
| Tangible fixed assets | 22/27 | €11,685 | €40,503 | +€28,818 | +246.6% |
| Furniture and vehicles | 24 | €11,685 | €15,178 | +€3,493 | +29.9% |
| Other tangible fixed assets | 26 | - | €25,325 | +€25,325 | |
| Current assets | 29/58 | €41,669 | €30,707 | -€10,962 | -26.3% |
| Amounts receivable within one year | 40/41 | €14,268 | €11,276 | -€2,991 | -21.0% |
| Trade receivables | 40 | €14,268 | €9,000 | -€5,268 | -36.9% |
| Other amounts receivable | 41 | - | €2,276 | +€2,276 | |
| Cash at bank and in hand | 54/58 | €23,586 | €15,257 | -€8,330 | -35.3% |
| Deferred charges and accrued income | 490/1 | €3,815 | €4,173 | +€358 | +9.4% |
| Total equity and liabilities | 10/49 | €53,354 | €71,210 | +€17,855 | +33.5% |
| Equity | 10/15 | €15,486 | €61,110 | +€45,623 | +294.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,486 | €56,110 | +€45,623 | +435.1% |
| Distributable reserves | 133 | €10,486 | €56,110 | +€45,623 | +435.1% |
| Amounts payable | 17/49 | €37,868 | €10,100 | -€27,768 | -73.3% |
| Amounts payable within one year | 42/48 | €37,868 | €10,100 | -€27,768 | -73.3% |
| Trade debts | 44 | €2,249 | €1,514 | -€735 | -32.7% |
| Suppliers | 440/4 | €2,249 | €1,514 | -€735 | -32.7% |
| Taxes, remuneration and social security | 45 | €2,174 | €3,000 | +€826 | +38.0% |
| Taxes | 450/3 | €2,174 | €3,000 | +€826 | +38.0% |
| Other amounts payable | 47/48 | €33,444 | €5,586 | -€27,859 | -83.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €315 | €4,783 | +€4,469 | +1420.8% |
| Other operating charges | 640/8 | €561 | €672 | +€111 | +19.9% |
| Gross operating margin | 9900 | €14,449 | €64,537 | +€50,088 | +346.7% |
| Operating profit (loss) | 9901 | €13,574 | €59,082 | +€45,508 | +335.3% |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | €44 | €70 | +€27 | +60.9% |
| Recurring financial charges | 65 | €44 | €70 | +€27 | +60.9% |
| Profit (loss) for the period before taxes | 9903 | €13,530 | €59,027 | +€45,497 | +336.3% |
| Income taxes | 67/77 | €3,044 | €13,403 | +€10,360 | +340.3% |
| Profit (loss) for the period | 9904 | €10,486 | €45,623 | +€35,137 | +335.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,486 | €45,623 | +€35,137 | +335.1% |
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 5 October 2026 via checked.be.