FINNOV: 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.
FINNOV
Largest movements
- Receivables within one year +€312,118
up €312,118 (+98.4%), from €317,168 to €629,286
of which Other amounts receivable: +€314,685
- Deferred charges and accrued income +€23,522
up €23,522 (+4578.7%), from €514 to €24,035
- Cash +€10,662
up €10,662 (+33.9%), from €31,488 to €42,149
mainly Net result for the year (+€251,668) and Current portion of long-term debt (+€75,000)
- Profit (loss) carried forward +€251,668
up €251,668, from -€26,702 to €224,965
- Current portion of long-term debt +€75,000
new in 2025: €75,000
- Trade debts +€18,213
up €18,213 (+464.1%), from €3,925 to €22,138
- Other debts +€15,725
up €15,725 (+6.6%), from €239,275 to €255,000
- Advances received -€7,603
down €7,603 (-33.0%), from €23,011 to €15,408
- Taxes +€84,494
new in 2025: €84,494
- Other operating charges +€5,766
up €5,766 (+7.8%), from €73,604 to €79,370
- Gross operating margin -€4,898
down €4,898 (-1.2%), from €422,459 to €417,561
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 | €360,170 | €706,471 | +€346,301 | +96.1% |
| Fixed assets | 21/28 | €11,000 | €11,000 | = | 0.0% |
| Financial fixed assets | 28 | €11,000 | €11,000 | = | 0.0% |
| Current assets | 29/58 | €349,170 | €695,471 | +€346,301 | +99.2% |
| Amounts receivable within one year | 40/41 | €317,168 | €629,286 | +€312,118 | +98.4% |
| Trade receivables | 40 | €228,517 | €225,949 | -€2,568 | -1.1% |
| Other amounts receivable | 41 | €88,651 | €403,336 | +€314,685 | +355.0% |
| Cash at bank and in hand | 54/58 | €31,488 | €42,149 | +€10,662 | +33.9% |
| Deferred charges and accrued income | 490/1 | €514 | €24,035 | +€23,522 | +4578.7% |
| Total equity and liabilities | 10/49 | €360,170 | €706,471 | +€346,301 | +96.1% |
| Equity | 10/15 | €73,298 | €324,965 | +€251,668 | +343.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,702 | €224,965 | +€251,668 | |
| Amounts payable | 17/49 | €286,872 | €381,505 | +€94,633 | +33.0% |
| Amounts payable within one year | 42/48 | €286,872 | €381,505 | +€94,633 | +33.0% |
| Current portion of amounts payable after more than one year | 42 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | €3,925 | €22,138 | +€18,213 | +464.1% |
| Suppliers | 440/4 | €3,925 | €22,138 | +€18,213 | +464.1% |
| Advances received on contracts in progress | 46 | €23,011 | €15,408 | -€7,603 | -33.0% |
| Taxes, remuneration and social security | 45 | €20,661 | €13,959 | -€6,702 | -32.4% |
| Taxes | 450/3 | €20,661 | €13,959 | -€6,702 | -32.4% |
| Other amounts payable | 47/48 | €239,275 | €255,000 | +€15,725 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,408 | - | -€2,408 | |
| Other operating charges | 640/8 | €73,604 | €79,370 | +€5,766 | +7.8% |
| Gross operating margin | 9900 | €422,459 | €417,561 | -€4,898 | -1.2% |
| Operating profit (loss) | 9901 | €346,447 | €338,191 | -€8,256 | -2.4% |
| Financial income | 75/76B | €3 | €0 | -€3 | -97.6% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -97.6% |
| Financial charges | 65/66B | €4,737 | €2,030 | -€2,708 | -57.2% |
| Recurring financial charges | 65 | €4,737 | €2,030 | -€2,708 | -57.2% |
| Profit (loss) for the period before taxes | 9903 | €341,712 | €336,162 | -€5,551 | -1.6% |
| Income taxes | 67/77 | - | €84,494 | +€84,494 | |
| Profit (loss) for the period | 9904 | €341,712 | €251,668 | -€90,045 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €341,712 | €251,668 | -€90,045 | -26.4% |
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 8 October 2026 via checked.be.