FININSUR: 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.
FININSUR
Largest movements
- Financial fixed assets +€170,000
new in 2025: €170,000
- Receivables within one year -€74,265
down €74,265 (-33.0%), from €225,009 to €150,744
- Current investments +€16,021
up €16,021 (+159%), from €10,059 to €26,080
- Cash +€15,455
up €15,455 (+7.2%), from €213,484 to €228,939
mainly Receivables within one year (+€74,265) and Other debts (+€66,334)
- Other debts +€66,334
new in 2025: €66,334
- Debts after one year +€31,079
up €31,079 (+60.2%), from €51,664 to €82,743
- Reserves +€24,203
up €24,203 (+5.2%), from €467,100 to €491,303
- Current portion of long-term debt +€14,661
up €14,661 (+308%), from €4,761 to €19,422
- Tax, wage and social debts -€10,565
no longer reported in 2025 (was €10,565)
- Gross operating margin -€42,777
down €42,777 (-52.5%), from €81,453 to €38,676
- Financial income -€32,815
down €32,815 (-95.6%), from €34,337 to €1,522
- Taxes -€24,829
down €24,829 (-72.9%), from €34,067 to €9,238
- Depreciation +€1,497
up €1,497 (+146%), from €1,029 to €2,526
- Financial charges +€1,367
up €1,367 (+35.1%), from €3,894 to €5,261
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 | €554,243 | €679,957 | +€125,714 | +22.7% |
| Fixed assets | 21/28 | €105,691 | €274,194 | +€168,503 | +159% |
| Tangible fixed assets | 22/27 | €105,691 | €104,194 | -€1,497 | -1.4% |
| Land and buildings | 22 | €99,750 | €99,750 | = | 0.0% |
| Furniture and vehicles | 24 | €5,941 | €4,444 | -€1,497 | -25.2% |
| Financial fixed assets | 28 | - | €170,000 | +€170,000 | |
| Current assets | 29/58 | €448,552 | €405,763 | -€42,789 | -9.5% |
| Amounts receivable within one year | 40/41 | €225,009 | €150,744 | -€74,265 | -33.0% |
| Other amounts receivable | 41 | €225,009 | €150,744 | -€74,265 | -33.0% |
| Current investments | 50/53 | €10,059 | €26,080 | +€16,021 | +159% |
| Cash at bank and in hand | 54/58 | €213,484 | €228,939 | +€15,455 | +7.2% |
| Total equity and liabilities | 10/49 | €554,243 | €679,957 | +€125,714 | +22.7% |
| Equity | 10/15 | €487,254 | €511,456 | +€24,203 | +5.0% |
| Contributions | 10/11 | €20,153 | €20,153 | = | 0.0% |
| Reserves | 13 | €467,100 | €491,303 | +€24,203 | +5.2% |
| Distributable reserves | 133 | €467,100 | €491,303 | +€24,203 | +5.2% |
| Amounts payable | 17/49 | €66,989 | €168,500 | +€101,511 | +152% |
| Amounts payable after more than one year | 17 | €51,664 | €82,743 | +€31,079 | +60.2% |
| Financial debts | 170/4 | €51,664 | €82,743 | +€31,079 | +60.2% |
| Amounts payable within one year | 42/48 | €15,326 | €85,758 | +€70,432 | +460% |
| Current portion of amounts payable after more than one year | 42 | €4,761 | €19,422 | +€14,661 | +308% |
| Financial debts | 43 | - | €2 | +€2 | |
| Credit institutions | 430/8 | - | €2 | +€2 | |
| Taxes, remuneration and social security | 45 | €10,565 | - | -€10,565 | |
| Taxes | 450/3 | €10,565 | - | -€10,565 | |
| Other amounts payable | 47/48 | - | €66,334 | +€66,334 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,029 | €2,526 | +€1,497 | +146% |
| Gross operating margin | 9900 | €81,453 | €38,676 | -€42,777 | -52.5% |
| Operating profit (loss) | 9901 | €80,425 | €36,150 | -€44,274 | -55.1% |
| Financial income | 75/76B | €34,337 | €1,522 | -€32,815 | -95.6% |
| Recurring financial income | 75 | €34,337 | €1,522 | -€32,815 | -95.6% |
| Financial charges | 65/66B | €3,894 | €5,261 | +€1,367 | +35.1% |
| Recurring financial charges | 65 | €3,894 | €5,261 | +€1,367 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €110,868 | €32,412 | -€78,456 | -70.8% |
| Income taxes | 67/77 | €34,067 | €9,238 | -€24,829 | -72.9% |
| Profit (loss) for the period | 9904 | €76,801 | €23,174 | -€53,627 | -69.8% |
| Profit (loss) for the period to be appropriated | 9905 | €76,801 | €23,174 | -€53,627 | -69.8% |
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 26 October 2026 via checked.be.