FINJAN: 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.
FINJAN
Largest movements
- Receivables within one year +€227,210
up €227,210 (+605.5%), from €37,524 to €264,735
of which Trade receivables: +€219,857
- Cash -€54,915
down €54,915 (-61.4%), from €89,506 to €34,591
mainly Receivables within one year (-€227,210) and Debts after one year (-€49,533)
- Tangible fixed assets -€47,032
down €47,032 (-9.1%), from €518,587 to €471,555
of which Land and buildings: -€37,244
- Advances received +€207,623
new in 2024: €207,623
- Debts after one year -€49,533
down €49,533 (-19.3%), from €256,445 to €206,911
- Trade debts +€34,096
up €34,096 (+700.1%), from €4,870 to €38,966
- Reserves -€31,534
down €31,534 (-17.8%), from €176,874 to €145,340
of which Distributable reserves: -€31,534
- Other debts -€16,190
down €16,190 (-31.3%), from €51,761 to €35,570
- Staff costs -€173,592
down €173,592 (-26.3%), from €659,121 to €485,529
- Gross operating margin -€152,731
down €152,731 (-21.4%), from €715,090 to €562,360
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €663,890 | €800,379 | +€136,489 | +20.6% |
| Fixed assets | 21/28 | €518,587 | €471,555 | -€47,032 | -9.1% |
| Tangible fixed assets | 22/27 | €518,587 | €471,555 | -€47,032 | -9.1% |
| Land and buildings | 22 | €488,769 | €451,525 | -€37,244 | -7.6% |
| Plant, machinery and equipment | 23 | €12,921 | €9,961 | -€2,960 | -22.9% |
| Furniture and vehicles | 24 | €16,713 | €9,976 | -€6,736 | -40.3% |
| Other tangible fixed assets | 26 | €184 | €92 | -€92 | -50.0% |
| Current assets | 29/58 | €145,303 | €328,824 | +€183,521 | +126.3% |
| Stocks and contracts in progress | 3 | €11,811 | €19,644 | +€7,833 | +66.3% |
| Stocks | 30/36 | €11,811 | €19,644 | +€7,833 | +66.3% |
| Amounts receivable within one year | 40/41 | €37,524 | €264,735 | +€227,210 | +605.5% |
| Trade receivables | 40 | €561 | €220,418 | +€219,857 | +39207.6% |
| Other amounts receivable | 41 | €36,964 | €44,317 | +€7,354 | +19.9% |
| Cash at bank and in hand | 54/58 | €89,506 | €34,591 | -€54,915 | -61.4% |
| Deferred charges and accrued income | 490/1 | €6,461 | €9,854 | +€3,393 | +52.5% |
| Total equity and liabilities | 10/49 | €663,890 | €800,379 | +€136,489 | +20.6% |
| Equity | 10/15 | €183,074 | €151,540 | -€31,534 | -17.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €176,874 | €145,340 | -€31,534 | -17.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €175,015 | €143,481 | -€31,534 | -18.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €480,816 | €648,838 | +€168,023 | +34.9% |
| Amounts payable after more than one year | 17 | €256,445 | €206,911 | -€49,533 | -19.3% |
| Financial debts | 170/4 | €256,445 | €206,911 | -€49,533 | -19.3% |
| Amounts payable within one year | 42/48 | €224,371 | €441,927 | +€217,556 | +97.0% |
| Current portion of amounts payable after more than one year | 42 | €48,560 | €49,533 | +€973 | +2.0% |
| Trade debts | 44 | €4,870 | €38,966 | +€34,096 | +700.1% |
| Suppliers | 440/4 | €4,870 | €38,966 | +€34,096 | +700.1% |
| Advances received on contracts in progress | 46 | - | €207,623 | +€207,623 | |
| Taxes, remuneration and social security | 45 | €119,180 | €110,234 | -€8,946 | -7.5% |
| Taxes | 450/3 | €39,575 | €21,128 | -€18,447 | -46.6% |
| Remuneration and social security | 454/9 | €79,605 | €89,106 | +€9,501 | +11.9% |
| Other amounts payable | 47/48 | €51,761 | €35,570 | -€16,190 | -31.3% |
| Remuneration, social security and pensions | 62 | €659,121 | €485,529 | -€173,592 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,523 | €47,032 | -€5,491 | -10.5% |
| Other operating charges | 640/8 | €10,122 | €7,620 | -€2,502 | -24.7% |
| Gross operating margin | 9900 | €715,090 | €562,360 | -€152,731 | -21.4% |
| Operating profit (loss) | 9901 | -€6,676 | €22,179 | +€28,855 | |
| Financial income | 75/76B | €172 | €58 | -€114 | -66.4% |
| Recurring financial income | 75 | €172 | €58 | -€114 | -66.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €15,412 | €18,504 | +€3,092 | +20.1% |
| Recurring financial charges | 65 | €15,412 | €18,504 | +€3,092 | +20.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€21,917 | €3,732 | +€25,648 | |
| Income taxes | 67/77 | €9,363 | €5,266 | -€4,097 | -43.8% |
| Profit (loss) for the period | 9904 | -€31,279 | -€1,534 | +€29,745 | +95.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,279 | -€1,534 | +€29,745 | +95.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.