FINLAB: 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.
What changed
FINLAB
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · €1.3m-€56,524
Equity
€147.4m
2024 · €146.2m+€1.3m
Cash
€734,737
2024 · €939,078-€204,341
Balance sheet total
€147.8m
2024 · €146.8m+€979,537
Largest movements
Assets
- Current investments +€8.0m
up €8.0m (+22.9%), from €35.0m to €43.0m
- Financial fixed assets -€4.8m
down €4.8m (-4.6%), from €104.8m to €100.0m
- Tangible fixed assets -€2.1m
down €2.1m (-36.3%), from €5.9m to €3.7m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€320,440
down €320,440 (-10.7%), from €3.0m to €2.7m
- Depreciation -€184,102
down €184,102 (-7.9%), from €2.3m to €2.1m
- Turnover +€41,849
up €41,849 (+3.6%), from €1.2m to €1.2m
- Taxes -€38,850
down €38,850 (-8.6%), from €453,068 to €414,218
of which Taxes: -€46,931
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.
Result 2024
€1.3m
Turnover
+€41,849
Services and other goods
-€813
Depreciation
+€184,102
Other operating charges
-€31
Financial income
-€320,440
Financial charges
-€41
Taxes
+€38,850
Result 2025
€1.3m
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.
From operations
+€3.0m
Investment
-€3.2m
Financing
€0
Cash 2024
€939,078
From operations (derived)
+€3.0m
Net result for the year
+€1.3m
Depreciation
+€2.1m
Smaller working-capital items
+€21,133
Deferred charges and accrued income
-€114,236
Trade debts
-€255,133
Tax, wage and social debts
-€198,289
Other debts
+€151,359
Investment (derived)
-€3.2m
Investment in fixed assets (net)
+€4.8m
Current investments
-€8.0m
Cash 2025
€734,737
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €146,825,392 | €147,804,929 | +€979,537 | +0.7% |
| Fixed assets | 21/28 | €110,701,928 | €103,785,543 | -€6.9m | -6.2% |
| Tangible fixed assets | 22/27 | €5,881,928 | €3,745,543 | -€2.1m | -36.3% |
| Land and buildings | 22 | €5,881,928 | €3,745,543 | -€2.1m | -36.3% |
| Financial fixed assets | 28 | €104,820,000 | €100,040,000 | -€4.8m | -4.6% |
| Affiliated companies | 280/1 | €104,820,000 | €100,040,000 | -€4.8m | -4.6% |
| Amounts receivable | 281 | €104,820,000 | €100,040,000 | -€4.8m | -4.6% |
| Current assets | 29/58 | €36,123,464 | €44,019,386 | +€7.9m | +21.9% |
| Amounts receivable within one year | 40/41 | €68,241 | €54,268 | -€13,973 | -20.5% |
| Trade receivables | 40 | €67,377 | €53,414 | -€13,963 | -20.7% |
| Other amounts receivable | 41 | €864 | €854 | -€10 | -1.2% |
| Current investments | 50/53 | €35,000,000 | €43,000,000 | +€8.0m | +22.9% |
| Other investments | 51/53 | €35,000,000 | €43,000,000 | +€8.0m | +22.9% |
| Cash at bank and in hand | 54/58 | €939,078 | €734,737 | -€204,341 | -21.8% |
| Deferred charges and accrued income | 490/1 | €116,145 | €230,381 | +€114,236 | +98.4% |
| Total equity and liabilities | 10/49 | €146,825,392 | €147,804,929 | +€979,537 | +0.7% |
| Equity | 10/15 | €146,161,986 | €147,436,426 | +€1.3m | +0.9% |
| Contributions | 10/11 | €134,000,000 | €134,000,000 | = | 0.0% |
| Capital | 10 | €130,335,703 | €130,335,703 | = | 0.0% |
| Issued capital | 100 | €130,335,703 | €130,335,703 | = | 0.0% |
| Outside capital | 11 | €3,664,297 | €3,664,297 | = | 0.0% |
| Share premium | 1100/10 | €3,664,297 | €3,664,297 | = | 0.0% |
| Reserves | 13 | €1,198,000 | €1,899,221 | +€701,221 | +58.5% |
| Non-distributable reserves | 130/1 | €1,198,000 | €1,262,000 | +€64,000 | +5.3% |
| Legal reserve | 130 | €1,198,000 | €1,262,000 | +€64,000 | +5.3% |
| Tax-exempt reserves | 132 | - | €637,221 | +€637,221 | |
| Profit (loss) carried forward | 14 | €10,963,986 | €11,537,205 | +€573,219 | +5.2% |
| Amounts payable | 17/49 | €663,406 | €368,503 | -€294,903 | -44.5% |
| Amounts payable within one year | 42/48 | €469,687 | €167,624 | -€302,063 | -64.3% |
| Trade debts | 44 | €258,538 | €3,405 | -€255,133 | -98.7% |
| Suppliers | 440/4 | €258,538 | €3,405 | -€255,133 | -98.7% |
| Taxes, remuneration and social security | 45 | €211,149 | €12,860 | -€198,289 | -93.9% |
| Taxes | 450/3 | €211,149 | €12,860 | -€198,289 | -93.9% |
| Other amounts payable | 47/48 | - | €151,359 | +€151,359 | |
| Accrued charges and deferred income | 492/3 | €193,719 | €200,879 | +€7,160 | +3.7% |
| Operating income | 70/76A | €1,156,265 | €1,198,114 | +€41,849 | +3.6% |
| Turnover | 70 | €1,156,265 | €1,198,114 | +€41,849 | +3.6% |
| Operating charges | 60/66A | €2,352,472 | €2,169,214 | -€183,258 | -7.8% |
| Services and other goods | 61 | €31,018 | €31,831 | +€813 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,320,487 | €2,136,385 | -€184,102 | -7.9% |
| Other operating charges | 640/8 | €967 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | -€1,196,207 | -€971,100 | +€225,107 | +18.8% |
| Financial income | 75/76B | €2,981,054 | €2,660,614 | -€320,440 | -10.7% |
| Recurring financial income | 75 | €2,981,054 | €2,660,614 | -€320,440 | -10.7% |
| Income from current assets | 751 | €2,981,054 | €2,660,614 | -€320,440 | -10.7% |
| Financial charges | 65/66B | €815 | €856 | +€41 | +5.0% |
| Recurring financial charges | 65 | €815 | €856 | +€41 | +5.0% |
| Other financial charges | 652/9 | €815 | €856 | +€41 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | €1,784,032 | €1,688,658 | -€95,374 | -5.3% |
| Income taxes | 67/77 | €453,068 | €414,218 | -€38,850 | -8.6% |
| Taxes | 670/3 | €461,149 | €414,218 | -€46,931 | -10.2% |
| Tax adjustments and reversals of tax provisions | 77 | €8,081 | - | -€8,081 | |
| Profit (loss) for the period | 9904 | €1,330,964 | €1,274,440 | -€56,524 | -4.2% |
| Transfer to tax-exempt reserves | 689 | - | €637,221 | +€637,221 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,330,964 | €637,219 | -€693,745 | -52.1% |
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.