Finlo Verzekeringen: what changed
Finlo Verzekeringen
Largest movements
- Cash -€65,697
down €65,697 (-39.7%), from €165,461 to €99,764
mainly Debts after one year (-€70,101) and Investment in fixed assets (net) (-€54,039)
- Intangible fixed assets -€57,952
down €57,952 (-12.6%), from €459,015 to €401,062
- Tangible fixed assets +€36,467
up €36,467 (+39.9%), from €91,350 to €127,817
of which Other tangible fixed assets: +€39,663
- Receivables within one year +€11,039
up €11,039 (+36.6%), from €30,182 to €41,222
of which Trade receivables: +€6,154
- Debts after one year -€70,101
down €70,101 (-16.4%), from €428,050 to €357,949
- Reserves -€48,640
down €48,640 (-24.3%), from €200,569 to €151,929
- Accrued charges and deferred income +€26,470
up €26,470 (+128%), from €20,730 to €47,200
- Trade debts +€9,626
up €9,626 (+72.9%), from €13,210 to €22,836
- Staff costs +€50,463
new in 2025: €50,463
- Depreciation +€15,431
up €15,431 (+25.7%), from €60,093 to €75,524
- Taxes -€3,292
down €3,292 (-100%), from €3,292 to €0
- Gross operating margin -€2,696
down €2,696 (-2.8%), from €96,690 to €93,994
- Write-downs -€2,231
new in 2025: -€2,231
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €750,379 | €675,471 | -€74,909 | -10.0% |
| Fixed assets | 21/28 | €550,364 | €528,879 | -€21,485 | -3.9% |
| Intangible fixed assets | 21 | €459,015 | €401,062 | -€57,952 | -12.6% |
| Tangible fixed assets | 22/27 | €91,350 | €127,817 | +€36,467 | +39.9% |
| Furniture and vehicles | 24 | €12,453 | €9,257 | -€3,196 | -25.7% |
| Other tangible fixed assets | 26 | €78,897 | €118,559 | +€39,663 | +50.3% |
| Current assets | 29/58 | €200,015 | €146,592 | -€53,423 | -26.7% |
| Amounts receivable within one year | 40/41 | €30,182 | €41,222 | +€11,039 | +36.6% |
| Trade receivables | 40 | €27,340 | €33,494 | +€6,154 | +22.5% |
| Other amounts receivable | 41 | €2,843 | €7,728 | +€4,885 | +172% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €165,461 | €99,764 | -€65,697 | -39.7% |
| Deferred charges and accrued income | 490/1 | €4,372 | €5,606 | +€1,234 | +28.2% |
| Total equity and liabilities | 10/49 | €750,379 | €675,471 | -€74,909 | -10.0% |
| Equity | 10/15 | €219,119 | €170,479 | -€48,640 | -22.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €200,569 | €151,929 | -€48,640 | -24.3% |
| Distributable reserves | 133 | €200,569 | €151,929 | -€48,640 | -24.3% |
| Amounts payable | 17/49 | €531,260 | €504,991 | -€26,269 | -4.9% |
| Amounts payable after more than one year | 17 | €428,050 | €357,949 | -€70,101 | -16.4% |
| Financial debts | 170/4 | €428,050 | €357,949 | -€70,101 | -16.4% |
| Amounts payable within one year | 42/48 | €82,480 | €99,842 | +€17,362 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €67,582 | €70,101 | +€2,520 | +3.7% |
| Financial debts | 43 | €1,688 | €1,685 | -€3 | -0.2% |
| Credit institutions | 430/8 | €1,688 | €1,685 | -€3 | -0.2% |
| Trade debts | 44 | €13,210 | €22,836 | +€9,626 | +72.9% |
| Suppliers | 440/4 | €13,210 | €22,836 | +€9,626 | +72.9% |
| Taxes, remuneration and social security | 45 | - | €5,070 | +€5,070 | |
| Remuneration and social security | 454/9 | - | €5,070 | +€5,070 | |
| Other amounts payable | 47/48 | - | €150 | +€150 | |
| Accrued charges and deferred income | 492/3 | €20,730 | €47,200 | +€26,470 | +128% |
| Remuneration, social security and pensions | 62 | - | €50,463 | +€50,463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,093 | €75,524 | +€15,431 | +25.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,231 | -€2,231 | |
| Other operating charges | 640/8 | €1,108 | €2,775 | +€1,667 | +150% |
| Gross operating margin | 9900 | €96,690 | €93,994 | -€2,696 | -2.8% |
| Operating profit (loss) | 9901 | €35,489 | -€32,537 | -€68,026 | |
| Financial income | 75/76B | €3,114 | €1,318 | -€1,796 | -57.7% |
| Recurring financial income | 75 | €3,114 | €1,318 | -€1,796 | -57.7% |
| Financial charges | 65/66B | €17,094 | €17,421 | +€327 | +1.9% |
| Recurring financial charges | 65 | €17,094 | €17,421 | +€327 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €21,509 | -€48,640 | -€70,148 | |
| Income taxes | 67/77 | €3,292 | €0 | -€3,292 | -100% |
| Profit (loss) for the period | 9904 | €18,216 | -€48,640 | -€66,856 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,216 | -€48,640 | -€66,856 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.