FINIVER: 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.
FINIVER
Largest movements
- Cash +€161,588
up €161,588 (+107.1%), from €150,881 to €312,469
mainly Net result for the year (+€195,120) and Other debts (+€110,378)
- Intangible fixed assets -€90,000
down €90,000 (-25.0%), from €360,000 to €270,000
- Other debts +€110,378
up €110,378 (+367.9%), from €30,000 to €140,378
- Debts after one year -€90,000
down €90,000 (-40.0%), from €225,000 to €135,000
- Profit (loss) carried forward +€55,120
up €55,120 (+77.7%), from €70,902 to €126,022
- Trade debts -€8,251
down €8,251 (-97.1%), from €8,500 to €248
- Gross operating margin +€146,522
up €146,522 (+85.3%), from €171,744 to €318,265
- Taxes +€14,891
up €14,891 (+293.2%), from €5,078 to €19,970
- Financial charges -€4,465
down €4,465 (-23.3%), from €19,186 to €14,721
- Financial income +€3,250
up €3,250 (+1879.1%), from €173 to €3,423
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 | €540,013 | €611,203 | +€71,189 | +13.2% |
| Fixed assets | 21/28 | €360,000 | €270,000 | -€90,000 | -25.0% |
| Intangible fixed assets | 21 | €360,000 | €270,000 | -€90,000 | -25.0% |
| Current assets | 29/58 | €180,013 | €341,203 | +€161,189 | +89.5% |
| Amounts receivable within one year | 40/41 | €29,133 | €28,734 | -€399 | -1.4% |
| Trade receivables | 40 | €11,285 | €14,281 | +€2,996 | +26.5% |
| Other amounts receivable | 41 | €17,847 | €14,452 | -€3,395 | -19.0% |
| Cash at bank and in hand | 54/58 | €150,881 | €312,469 | +€161,588 | +107.1% |
| Total equity and liabilities | 10/49 | €540,013 | €611,203 | +€71,189 | +13.2% |
| Equity | 10/15 | €186,513 | €241,633 | +€55,120 | +29.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €95,151 | €95,151 | = | 0.0% |
| Distributable reserves | 133 | €95,151 | €95,151 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,902 | €126,022 | +€55,120 | +77.7% |
| Amounts payable | 17/49 | €353,500 | €369,569 | +€16,069 | +4.5% |
| Amounts payable after more than one year | 17 | €225,000 | €135,000 | -€90,000 | -40.0% |
| Financial debts | 170/4 | €225,000 | €135,000 | -€90,000 | -40.0% |
| Amounts payable within one year | 42/48 | €128,500 | €234,569 | +€106,069 | +82.5% |
| Current portion of amounts payable after more than one year | 42 | €90,000 | €90,000 | = | 0.0% |
| Trade debts | 44 | €8,500 | €248 | -€8,251 | -97.1% |
| Suppliers | 440/4 | €8,500 | €248 | -€8,251 | -97.1% |
| Taxes, remuneration and social security | 45 | - | €3,943 | +€3,943 | |
| Taxes | 450/3 | - | €3,943 | +€3,943 | |
| Other amounts payable | 47/48 | €30,000 | €140,378 | +€110,378 | +367.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,000 | €90,000 | = | 0.0% |
| Other operating charges | 640/8 | €2,422 | €1,877 | -€544 | -22.5% |
| Gross operating margin | 9900 | €171,744 | €318,265 | +€146,522 | +85.3% |
| Operating profit (loss) | 9901 | €79,322 | €226,388 | +€147,066 | +185.4% |
| Financial income | 75/76B | €173 | €3,423 | +€3,250 | +1879.1% |
| Recurring financial income | 75 | €173 | €3,423 | +€3,250 | +1879.1% |
| Financial charges | 65/66B | €19,186 | €14,721 | -€4,465 | -23.3% |
| Recurring financial charges | 65 | €19,186 | €14,721 | -€4,465 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €60,308 | €215,090 | +€154,781 | +256.7% |
| Income taxes | 67/77 | €5,078 | €19,970 | +€14,891 | +293.2% |
| Profit (loss) for the period | 9904 | €55,230 | €195,120 | +€139,890 | +253.3% |
| Profit (loss) for the period to be appropriated | 9905 | €55,230 | €195,120 | +€139,890 | +253.3% |
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 29 September 2026 via checked.be.