FINLECO: 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
FINLECO
NACE 66.129, Activities auxiliary to financial services and insurance activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€790,505
2024 · €1.1m-€322,941
Equity
€6.4m
2024 · €7.0m-€597,370
Cash
€26,826
2024 · €9,101+€17,725
Balance sheet total
€8.5m
2024 · €8.2m+€325,740
Largest movements
Assets
- Current investments +€568,497
up €568,497 (+473.7%), from €120,000 to €688,497
- Receivables within one year -€433,831
down €433,831 (-85.5%), from €507,234 to €73,404
of which Other amounts receivable: -€491,470
- Financial fixed assets +€175,402
up €175,402 (+24.3%), from €721,262 to €896,665
- Tangible fixed assets -€88,991
down €88,991 (-1.9%), from €4.7m to €4.6m
of which Land and buildings: -€65,458
- Deferred charges and accrued income +€86,938
up €86,938 (+151.0%), from €57,562 to €144,500
Equity and liabilities
- Other debts +€1.0m
up €1.0m (+162.4%), from €637,242 to €1.7m
- Reserves -€597,370
down €597,370 (-8.6%), from €7.0m to €6.4m
of which Distributable reserves: -€588,616
Income statement
- Financial income -€325,360
down €325,360 (-54.9%), from €592,209 to €266,848
- Gross operating margin -€54,094
down €54,094 (-5.3%), from €1.0m to €962,480
- Taxes -€47,053
down €47,053 (-13.1%), from €359,953 to €312,900
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
€1.1m
Gross operating margin
-€54,094
Depreciation
+€977
Other operating charges
+€1,994
Financial income
-€325,360
Financial charges
+€6,490
Taxes
+€47,053
Result 2025
€790,505
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
+€2.2m
Investment
-€753,775
Financing
-€1.5m
Cash 2024
€9,101
From operations (derived)
+€2.2m
Net result for the year
+€790,505
Depreciation
+€98,867
Receivables within one year
+€433,831
Deferred charges and accrued income
-€86,938
Provisions
-€4,508
Trade debts
-€15,675
Tax, wage and social debts
-€7,415
Other debts
+€1.0m
Accrued charges and deferred income
-€20,206
Investment (derived)
-€753,775
Investment in fixed assets (net)
-€185,278
Current investments
-€568,497
Financing
-€1.5m
Debts after one year
-€65,240
Current portion of long-term debt
+€768
Short-term financial debts
+€197
Contributions, distributions and other
-€1.4m
Cash 2025
€26,826
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,150,560 | €8,476,300 | +€325,740 | +4.0% |
| Fixed assets | 21/28 | €5,456,662 | €5,543,073 | +€86,411 | +1.6% |
| Tangible fixed assets | 22/27 | €4,735,399 | €4,646,408 | -€88,991 | -1.9% |
| Land and buildings | 22 | €4,687,437 | €4,621,979 | -€65,458 | -1.4% |
| Plant, machinery and equipment | 23 | €6,326 | €606 | -€5,720 | -90.4% |
| Furniture and vehicles | 24 | €41,637 | €23,824 | -€17,813 | -42.8% |
| Financial fixed assets | 28 | €721,262 | €896,665 | +€175,402 | +24.3% |
| Current assets | 29/58 | €2,693,898 | €2,933,227 | +€239,329 | +8.9% |
| Amounts receivable after more than one year | 29 | €2,000,000 | €2,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €2,000,000 | €2,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €507,234 | €73,404 | -€433,831 | -85.5% |
| Trade receivables | 40 | €14,401 | €72,040 | +€57,639 | +400.2% |
| Other amounts receivable | 41 | €492,833 | €1,364 | -€491,470 | -99.7% |
| Current investments | 50/53 | €120,000 | €688,497 | +€568,497 | +473.7% |
| Cash at bank and in hand | 54/58 | €9,101 | €26,826 | +€17,725 | +194.8% |
| Deferred charges and accrued income | 490/1 | €57,562 | €144,500 | +€86,938 | +151.0% |
| Total equity and liabilities | 10/49 | €8,150,560 | €8,476,300 | +€325,740 | +4.0% |
| Equity | 10/15 | €7,031,803 | €6,434,432 | -€597,370 | -8.5% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Reserves | 13 | €6,951,237 | €6,353,867 | -€597,370 | -8.6% |
| Non-distributable reserves | 130/1 | €8,057 | €8,057 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,057 | €8,057 | = | 0.0% |
| Tax-exempt reserves | 132 | €141,382 | €132,628 | -€8,754 | -6.2% |
| Distributable reserves | 133 | €6,801,799 | €6,213,183 | -€588,616 | -8.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €63,146 | €58,638 | -€4,508 | -7.1% |
| Deferred taxes | 168 | €63,146 | €58,638 | -€4,508 | -7.1% |
| Amounts payable | 17/49 | €1,055,611 | €1,983,230 | +€927,618 | +87.9% |
| Amounts payable after more than one year | 17 | €132,386 | €67,146 | -€65,240 | -49.3% |
| Financial debts | 170/4 | €132,386 | €67,146 | -€65,240 | -49.3% |
| Amounts payable within one year | 42/48 | €859,506 | €1,872,571 | +€1.0m | +117.9% |
| Current portion of amounts payable after more than one year | 42 | €64,472 | €65,240 | +€768 | +1.2% |
| Financial debts | 43 | €140 | €338 | +€197 | +140.4% |
| Credit institutions | 430/8 | €140 | €338 | +€197 | +140.4% |
| Trade debts | 44 | €31,968 | €16,293 | -€15,675 | -49.0% |
| Suppliers | 440/4 | €31,968 | €16,293 | -€15,675 | -49.0% |
| Taxes, remuneration and social security | 45 | €125,685 | €118,269 | -€7,415 | -5.9% |
| Taxes | 450/3 | €125,685 | €118,269 | -€7,415 | -5.9% |
| Other amounts payable | 47/48 | €637,242 | €1,672,431 | +€1.0m | +162.4% |
| Accrued charges and deferred income | 492/3 | €63,720 | €43,513 | -€20,206 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,843 | €98,867 | -€977 | -1.0% |
| Other operating charges | 640/8 | €21,782 | €19,789 | -€1,994 | -9.2% |
| Gross operating margin | 9900 | €1,016,574 | €962,480 | -€54,094 | -5.3% |
| Operating profit (loss) | 9901 | €894,948 | €843,824 | -€51,124 | -5.7% |
| Financial income | 75/76B | €592,209 | €266,848 | -€325,360 | -54.9% |
| Recurring financial income | 75 | €592,209 | €266,848 | -€325,360 | -54.9% |
| Financial charges | 65/66B | €18,266 | €11,776 | -€6,490 | -35.5% |
| Recurring financial charges | 65 | €18,266 | €11,776 | -€6,490 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €1,468,890 | €1,098,897 | -€369,994 | -25.2% |
| Transfer from deferred taxes | 780 | €4,508 | €4,508 | = | 0.0% |
| Income taxes | 67/77 | €359,953 | €312,900 | -€47,053 | -13.1% |
| Profit (loss) for the period | 9904 | €1,113,446 | €790,505 | -€322,941 | -29.0% |
| Transfer from tax-exempt reserves | 789 | €8,754 | €8,754 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,122,200 | €799,259 | -€322,941 | -28.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.