FINISCA: 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.
FINISCA
Largest movements
- Cash -€41,662
down €41,662 (-16.0%), from €260,761 to €219,100
mainly Contributions, distributions and other (-€108,031) and Investment in fixed assets (net) (-€51,230)
- Financial fixed assets +€25,000
up €25,000 (+10.2%), from €245,001 to €270,001
- Receivables after one year +€21,677
up €21,677 (+9.1%), from €237,000 to €258,677
- Tangible fixed assets +€19,595
up €19,595 (+81.7%), from €23,981 to €43,577
of which Furniture and vehicles: +€21,740
- Reserves +€58,628
up €58,628 (+8.2%), from €719,356 to €777,984
- Short-term financial debts -€33,583
down €33,583 (-100%), from €33,583 to €0
- Gross operating margin +€60,376
up €60,376 (+32.6%), from €185,149 to €245,525
- Taxes +€17,719
up €17,719 (+32.1%), from €55,135 to €72,854
- Depreciation +€4,107
up €4,107 (+162%), from €2,528 to €6,635
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 | €801,501 | €830,025 | +€28,524 | +3.6% |
| Fixed assets | 21/28 | €268,982 | €313,578 | +€44,595 | +16.6% |
| Tangible fixed assets | 22/27 | €23,981 | €43,577 | +€19,595 | +81.7% |
| Furniture and vehicles | 24 | €1,404 | €23,145 | +€21,740 | +1,548% |
| Other tangible fixed assets | 26 | €22,577 | €20,432 | -€2,145 | -9.5% |
| Financial fixed assets | 28 | €245,001 | €270,001 | +€25,000 | +10.2% |
| Current assets | 29/58 | €532,519 | €516,447 | -€16,072 | -3.0% |
| Amounts receivable after more than one year | 29 | €237,000 | €258,677 | +€21,677 | +9.1% |
| Other amounts receivable | 291 | €237,000 | €258,677 | +€21,677 | +9.1% |
| Amounts receivable within one year | 40/41 | €31,595 | €38,422 | +€6,827 | +21.6% |
| Trade receivables | 40 | €31,595 | €34,869 | +€3,274 | +10.4% |
| Other amounts receivable | 41 | - | €3,553 | +€3,553 | |
| Cash at bank and in hand | 54/58 | €260,761 | €219,100 | -€41,662 | -16.0% |
| Deferred charges and accrued income | 490/1 | €3,162 | €248 | -€2,914 | -92.1% |
| Total equity and liabilities | 10/49 | €801,501 | €830,025 | +€28,524 | +3.6% |
| Equity | 10/15 | €731,756 | €790,384 | +€58,628 | +8.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €719,356 | €777,984 | +€58,628 | +8.2% |
| Distributable reserves | 133 | €719,356 | €777,984 | +€58,628 | +8.2% |
| Amounts payable | 17/49 | €69,745 | €39,641 | -€30,104 | -43.2% |
| Amounts payable within one year | 42/48 | €69,745 | €39,641 | -€30,104 | -43.2% |
| Financial debts | 43 | €33,583 | €0 | -€33,583 | -100% |
| Credit institutions | 430/8 | €33,583 | €0 | -€33,583 | -100% |
| Trade debts | 44 | €580 | €1,046 | +€466 | +80.3% |
| Suppliers | 440/4 | €580 | €1,046 | +€466 | +80.3% |
| Taxes, remuneration and social security | 45 | €35,486 | €37,942 | +€2,456 | +6.9% |
| Taxes | 450/3 | €35,486 | €37,942 | +€2,456 | +6.9% |
| Other amounts payable | 47/48 | €96 | €653 | +€557 | +582% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,528 | €6,635 | +€4,107 | +162% |
| Other operating charges | 640/8 | €1,803 | €1,581 | -€222 | -12.3% |
| Gross operating margin | 9900 | €185,149 | €245,525 | +€60,376 | +32.6% |
| Operating profit (loss) | 9901 | €180,819 | €237,310 | +€56,491 | +31.2% |
| Financial income | 75/76B | €3,744 | €3,349 | -€395 | -10.6% |
| Recurring financial income | 75 | €3,744 | €3,349 | -€395 | -10.6% |
| Financial charges | 65/66B | €1,354 | €1,147 | -€207 | -15.3% |
| Recurring financial charges | 65 | €1,354 | €1,147 | -€207 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €183,209 | €239,513 | +€56,304 | +30.7% |
| Income taxes | 67/77 | €55,135 | €72,854 | +€17,719 | +32.1% |
| Profit (loss) for the period | 9904 | €128,074 | €166,659 | +€38,585 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €128,074 | €166,659 | +€38,585 | +30.1% |
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 30 October 2026 via checked.be.