FINIQ: 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.
FINIQ
Largest movements
- Tangible fixed assets -€81,317
down €81,317 (-34.7%), from €234,632 to €153,315
- Stocks and contracts -€76,792
down €76,792 (-44.4%), from €172,942 to €96,149
of which Contracts in progress: -€75,450
- Receivables within one year +€47,817
up €47,817 (+26.9%), from €177,789 to €225,606
of which Other amounts receivable: +€30,854
- Cash +€30,144
up €30,144 (+25.7%), from €117,164 to €147,308
mainly Depreciation (+€87,419) and Stocks and contracts (+€76,792)
- Deferred charges and accrued income +€10,406
up €10,406 (+108.4%), from €9,596 to €20,002
- Profit (loss) carried forward -€87,668
down €87,668 (-78.7%), from -€111,376 to -€199,043
- Debts after one year +€43,550
up €43,550 (+17.5%), from €249,137 to €292,687
of which Financial debts: +€44,022
- Trade debts -€38,368
down €38,368 (-22.5%), from €170,473 to €132,105
- Accrued charges and deferred income +€29,750
new in 2025: €29,750
- Tax, wage and social debts -€20,393
down €20,393 (-23.4%), from €87,228 to €66,835
of which Remuneration and social security: -€14,499
- Gross operating margin -€218,699
down €218,699 (-23.4%), from €935,329 to €716,630
- Staff costs -€135,643
down €135,643 (-17.3%), from €785,732 to €650,089
- Other operating charges +€38,088
up €38,088 (+662.9%), from €5,746 to €43,834
- Depreciation -€21,360
down €21,360 (-19.6%), from €108,780 to €87,419
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 | €726,486 | €652,005 | -€74,481 | -10.3% |
| Fixed assets | 21/28 | €248,995 | €162,939 | -€86,056 | -34.6% |
| Intangible fixed assets | 21 | €14,363 | €9,624 | -€4,739 | -33.0% |
| Tangible fixed assets | 22/27 | €234,632 | €153,315 | -€81,317 | -34.7% |
| Plant, machinery and equipment | 23 | €18,064 | €9,923 | -€8,141 | -45.1% |
| Furniture and vehicles | 24 | €2,684 | €2,167 | -€517 | -19.3% |
| Leasing and similar rights | 25 | €46,693 | €12,743 | -€33,950 | -72.7% |
| Other tangible fixed assets | 26 | €167,191 | €128,483 | -€38,708 | -23.2% |
| Current assets | 29/58 | €477,492 | €489,066 | +€11,574 | +2.4% |
| Stocks and contracts in progress | 3 | €172,942 | €96,149 | -€76,792 | -44.4% |
| Stocks | 30/36 | €71,530 | €70,188 | -€1,342 | -1.9% |
| Contracts in progress | 37 | €101,412 | €25,962 | -€75,450 | -74.4% |
| Amounts receivable within one year | 40/41 | €177,789 | €225,606 | +€47,817 | +26.9% |
| Trade receivables | 40 | €157,500 | €174,463 | +€16,963 | +10.8% |
| Other amounts receivable | 41 | €20,290 | €51,143 | +€30,854 | +152.1% |
| Cash at bank and in hand | 54/58 | €117,164 | €147,308 | +€30,144 | +25.7% |
| Deferred charges and accrued income | 490/1 | €9,596 | €20,002 | +€10,406 | +108.4% |
| Total equity and liabilities | 10/49 | €726,486 | €652,005 | -€74,481 | -10.3% |
| Equity | 10/15 | €160,860 | €73,192 | -€87,668 | -54.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €210,736 | €210,736 | = | 0.0% |
| Non-distributable reserves | 130/1 | €28,700 | €28,700 | = | 0.0% |
| Other | 1319 | €28,700 | €28,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €125,786 | €125,786 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,376 | -€199,043 | -€87,668 | -78.7% |
| Amounts payable | 17/49 | €565,626 | €578,813 | +€13,187 | +2.3% |
| Amounts payable after more than one year | 17 | €249,137 | €292,687 | +€43,550 | +17.5% |
| Financial debts | 170/4 | €248,665 | €292,687 | +€44,022 | +17.7% |
| Other amounts payable | 178/9 | €472 | - | -€472 | |
| Amounts payable within one year | 42/48 | €316,489 | €256,375 | -€60,113 | -19.0% |
| Current portion of amounts payable after more than one year | 42 | €58,788 | €57,436 | -€1,352 | -2.3% |
| Trade debts | 44 | €170,473 | €132,105 | -€38,368 | -22.5% |
| Suppliers | 440/4 | €170,473 | €132,105 | -€38,368 | -22.5% |
| Taxes, remuneration and social security | 45 | €87,228 | €66,835 | -€20,393 | -23.4% |
| Taxes | 450/3 | €10,318 | €4,424 | -€5,895 | -57.1% |
| Remuneration and social security | 454/9 | €76,910 | €62,411 | -€14,499 | -18.9% |
| Accrued charges and deferred income | 492/3 | - | €29,750 | +€29,750 | |
| Non-recurring operating income | 76A | €14,554 | €2,013 | -€12,541 | -86.2% |
| Remuneration, social security and pensions | 62 | €785,732 | €650,089 | -€135,643 | -17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108,780 | €87,419 | -€21,360 | -19.6% |
| Other operating charges | 640/8 | €5,746 | €43,834 | +€38,088 | +662.9% |
| Gross operating margin | 9900 | €935,329 | €716,630 | -€218,699 | -23.4% |
| Operating profit (loss) | 9901 | €35,072 | -€64,712 | -€99,784 | |
| Financial income | 75/76B | €356 | €48 | -€308 | -86.5% |
| Recurring financial income | 75 | €197 | €48 | -€149 | -75.7% |
| Non-recurring financial income | 76B | €159 | - | -€159 | |
| Financial charges | 65/66B | €14,790 | €22,842 | +€8,052 | +54.4% |
| Recurring financial charges | 65 | €14,790 | €13,352 | -€1,438 | -9.7% |
| Non-recurring financial charges | 66B | - | €9,490 | +€9,490 | |
| Profit (loss) for the period before taxes | 9903 | €20,638 | -€87,506 | -€108,144 | |
| Income taxes | 67/77 | €6,360 | €162 | -€6,198 | -97.4% |
| Profit (loss) for the period | 9904 | €14,278 | -€87,668 | -€101,946 | |
| Transfer from tax-exempt reserves | 789 | €62,000 | - | -€62,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €76,278 | -€87,668 | -€163,946 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.