FINITUDE: 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.
FINITUDE
Largest movements
- Cash +€367,039
up €367,039 (+1,231%), from €29,806 to €396,845
mainly Current investments (+€240,000) and Net result for the year (+€162,535)
- Current investments -€240,000
down €240,000 (-100%), from €240,000 to €0
- Stocks and contracts +€8,459
new in 2025: €8,459
- Receivables after one year -€7,500
down €7,500 (-100%), from €7,500 to €0
- Reserves +€91,739
up €91,739 (+33.6%), from €273,212 to €364,951
of which Distributable reserves: +€91,739
- Trade debts +€26,140
up €26,140 (+1,117%), from €2,341 to €28,481
- Tax, wage and social debts +€24,438
up €24,438 (+789%), from €3,096 to €27,534
- Other debts -€11,181
down €11,181 (-13.1%), from €85,623 to €74,442
- Gross operating margin +€203,466
up €203,466 (+575%), from €35,382 to €238,848
- Taxes +€66,275
up €66,275 (+947%), from €7,001 to €73,276
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 | €370,472 | €501,852 | +€131,380 | +35.5% |
| Fixed assets | 21/28 | €16,892 | €20,587 | +€3,695 | +21.9% |
| Tangible fixed assets | 22/27 | €16,892 | €18,087 | +€1,195 | +7.1% |
| Furniture and vehicles | 24 | €13,048 | €15,166 | +€2,118 | +16.2% |
| Other tangible fixed assets | 26 | €3,843 | €2,921 | -€923 | -24.0% |
| Financial fixed assets | 28 | - | €2,500 | +€2,500 | |
| Current assets | 29/58 | €353,580 | €481,265 | +€127,685 | +36.1% |
| Amounts receivable after more than one year | 29 | €7,500 | €0 | -€7,500 | -100% |
| Other amounts receivable | 291 | €7,500 | €0 | -€7,500 | -100% |
| Stocks and contracts in progress | 3 | - | €8,459 | +€8,459 | |
| Stocks | 30/36 | - | €8,459 | +€8,459 | |
| Amounts receivable within one year | 40/41 | €73,656 | €72,272 | -€1,384 | -1.9% |
| Trade receivables | 40 | €38,011 | €66,269 | +€28,258 | +74.3% |
| Other amounts receivable | 41 | €35,646 | €6,003 | -€29,642 | -83.2% |
| Current investments | 50/53 | €240,000 | €0 | -€240,000 | -100% |
| Cash at bank and in hand | 54/58 | €29,806 | €396,845 | +€367,039 | +1,231% |
| Deferred charges and accrued income | 490/1 | €2,617 | €3,688 | +€1,071 | +40.9% |
| Total equity and liabilities | 10/49 | €370,472 | €501,852 | +€131,380 | +35.5% |
| Equity | 10/15 | €279,412 | €371,151 | +€91,739 | +32.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €273,212 | €364,951 | +€91,739 | +33.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €271,352 | €363,091 | +€91,739 | +33.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €91,060 | €130,701 | +€39,642 | +43.5% |
| Amounts payable within one year | 42/48 | €91,060 | €130,457 | +€39,397 | +43.3% |
| Trade debts | 44 | €2,341 | €28,481 | +€26,140 | +1,117% |
| Suppliers | 440/4 | €2,341 | €28,481 | +€26,140 | +1,117% |
| Taxes, remuneration and social security | 45 | €3,096 | €27,534 | +€24,438 | +789% |
| Taxes | 450/3 | €3,096 | €27,534 | +€24,438 | +789% |
| Other amounts payable | 47/48 | €85,623 | €74,442 | -€11,181 | -13.1% |
| Accrued charges and deferred income | 492/3 | €0 | €244 | +€244 | |
| Non-recurring operating income | 76A | €17,007 | €0 | -€17,007 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,930 | €6,391 | +€461 | +7.8% |
| Other operating charges | 640/8 | €457 | €470 | +€12 | +2.7% |
| Gross operating margin | 9900 | €35,382 | €238,848 | +€203,466 | +575% |
| Operating profit (loss) | 9901 | €28,995 | €231,988 | +€202,993 | +700% |
| Financial income | 75/76B | €6,379 | €5,303 | -€1,076 | -16.9% |
| Recurring financial income | 75 | €6,379 | €5,303 | -€1,076 | -16.9% |
| Financial charges | 65/66B | €1,858 | €1,480 | -€378 | -20.3% |
| Recurring financial charges | 65 | €1,858 | €1,480 | -€378 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €33,516 | €235,811 | +€202,295 | +604% |
| Income taxes | 67/77 | €7,001 | €73,276 | +€66,275 | +947% |
| Profit (loss) for the period | 9904 | €26,515 | €162,535 | +€136,020 | +513% |
| Profit (loss) for the period to be appropriated | 9905 | €26,515 | €162,535 | +€136,020 | +513% |
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 13 October 2026 via checked.be.