FINJAC: 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.
FINJAC
Largest movements
- Stocks and contracts +€661,109
up €661,109 (+47.3%), from €1.4m to €2.1m
- Cash -€619,155
down €619,155 (-64.5%), from €959,366 to €340,211
mainly Stocks and contracts (-€661,109) and Investment in fixed assets (net) (-€208,570)
- Tangible fixed assets +€98,342
up €98,342 (+3.2%), from €3.1m to €3.2m
of which Land and buildings: +€112,792
- Other debts +€146,811
up €146,811 (+29.3%), from €500,329 to €647,140
- Debts after one year -€95,936
down €95,936 (-15.2%), from €629,827 to €533,891
of which Financial debts: -€96,216
- Profit (loss) carried forward +€89,167
up €89,167 (+1.9%), from €4.8m to €4.9m
- Financial income -€62,467
down €62,467 (-82.5%), from €75,756 to €13,289
- Taxes -€50,777
down €50,777 (-99.9%), from €50,804 to €27
- Gross operating margin -€41,611
down €41,611 (-14.6%), from €285,034 to €243,423
- Depreciation -€19,465
down €19,465 (-15.0%), from €129,905 to €110,440
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 | €8,507,285 | €8,633,606 | +€126,321 | +1.5% |
| Formation expenses | 20 | €336 | €124 | -€212 | -63.2% |
| Fixed assets | 21/28 | €5,853,492 | €5,951,834 | +€98,342 | +1.7% |
| Tangible fixed assets | 22/27 | €3,088,511 | €3,186,853 | +€98,342 | +3.2% |
| Land and buildings | 22 | €1,695,697 | €1,808,489 | +€112,792 | +6.7% |
| Furniture and vehicles | 24 | €1,317,460 | €1,306,487 | -€10,972 | -0.8% |
| Other tangible fixed assets | 26 | €75,354 | €71,876 | -€3,478 | -4.6% |
| Financial fixed assets | 28 | €2,764,981 | €2,764,981 | = | 0.0% |
| Current assets | 29/58 | €2,653,457 | €2,681,648 | +€28,191 | +1.1% |
| Stocks and contracts in progress | 3 | €1,396,725 | €2,057,834 | +€661,109 | +47.3% |
| Stocks | 30/36 | €1,396,725 | €2,057,834 | +€661,109 | +47.3% |
| Amounts receivable within one year | 40/41 | €295,052 | €277,569 | -€17,483 | -5.9% |
| Trade receivables | 40 | €10,831 | €5,914 | -€4,917 | -45.4% |
| Other amounts receivable | 41 | €284,221 | €271,655 | -€12,566 | -4.4% |
| Cash at bank and in hand | 54/58 | €959,366 | €340,211 | -€619,155 | -64.5% |
| Deferred charges and accrued income | 490/1 | €2,314 | €6,034 | +€3,720 | +160.8% |
| Total equity and liabilities | 10/49 | €8,507,285 | €8,633,606 | +€126,321 | +1.5% |
| Equity | 10/15 | €7,207,754 | €7,296,920 | +€89,167 | +1.2% |
| Contributions | 10/11 | €1,801,470 | €1,801,470 | = | 0.0% |
| Reserves | 13 | €644,687 | €644,687 | = | 0.0% |
| Distributable reserves | 133 | €644,687 | €644,687 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,761,597 | €4,850,763 | +€89,167 | +1.9% |
| Amounts payable | 17/49 | €1,299,531 | €1,336,685 | +€37,154 | +2.9% |
| Amounts payable after more than one year | 17 | €629,827 | €533,891 | -€95,936 | -15.2% |
| Financial debts | 170/4 | €624,767 | €528,551 | -€96,216 | -15.4% |
| Other amounts payable | 178/9 | €5,060 | €5,340 | +€280 | +5.5% |
| Amounts payable within one year | 42/48 | €665,545 | €800,934 | +€135,388 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €95,325 | €96,216 | +€891 | +0.9% |
| Trade debts | 44 | €28,671 | €57,577 | +€28,906 | +100.8% |
| Suppliers | 440/4 | €28,671 | €57,577 | +€28,906 | +100.8% |
| Taxes, remuneration and social security | 45 | €41,219 | €0 | -€41,219 | -100.0% |
| Taxes | 450/3 | €41,219 | €0 | -€41,219 | -100.0% |
| Other amounts payable | 47/48 | €500,329 | €647,140 | +€146,811 | +29.3% |
| Accrued charges and deferred income | 492/3 | €4,159 | €1,861 | -€2,298 | -55.3% |
| Remuneration, social security and pensions | 62 | €17,556 | €17,896 | +€340 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,905 | €110,440 | -€19,465 | -15.0% |
| Other operating charges | 640/8 | €28,026 | €30,115 | +€2,089 | +7.5% |
| Gross operating margin | 9900 | €285,034 | €243,423 | -€41,611 | -14.6% |
| Operating profit (loss) | 9901 | €109,547 | €84,973 | -€24,575 | -22.4% |
| Financial income | 75/76B | €75,756 | €13,289 | -€62,467 | -82.5% |
| Recurring financial income | 75 | €75,756 | €13,289 | -€62,467 | -82.5% |
| Financial charges | 65/66B | €9,464 | €9,068 | -€396 | -4.2% |
| Recurring financial charges | 65 | €9,464 | €9,068 | -€396 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €175,839 | €89,193 | -€86,646 | -49.3% |
| Income taxes | 67/77 | €50,804 | €27 | -€50,777 | -99.9% |
| Profit (loss) for the period | 9904 | €125,035 | €89,167 | -€35,868 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €125,035 | €89,167 | -€35,868 | -28.7% |
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 3 October 2026 via checked.be.