FINNVEST: what changed
Two financial 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.
FINNVEST
Largest movements
- Cash +€40,819
new in 2025: €40,819
- Tangible fixed assets +€34,525
new in 2025: €34,525
of which Plant, machinery and equipment: +€30,625
- Receivables within one year +€2,790
up €2,790 (+37.1%), from €7,518 to €10,309
of which Other amounts receivable: +€2,645
- Stocks and contracts +€1,500
new in 2025: €1,500
- Trade debts +€34,602
new in 2025: €34,602
- Profit (loss) carried forward +€22,242
up €22,242 (+3,184%), from €698 to €22,941
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Tax, wage and social debts +€8,000
new in 2025: €8,000
- Other debts +€2,390
new in 2025: €2,390
- Gross operating margin +€37,238
up €37,238, from -€936 to €36,302
- Taxes +€8,000
new in 2025: €8,000
- Depreciation +€5,666
new in 2025: €5,666
From the 2023 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,518 | €87,153 | +€79,634 | +1,059% |
| Fixed assets | 21/28 | - | €34,525 | +€34,525 | |
| Tangible fixed assets | 22/27 | - | €34,525 | +€34,525 | |
| Plant, machinery and equipment | 23 | - | €30,625 | +€30,625 | |
| Furniture and vehicles | 24 | - | €3,900 | +€3,900 | |
| Current assets | 29/58 | €7,518 | €52,628 | +€45,110 | +600% |
| Stocks and contracts in progress | 3 | - | €1,500 | +€1,500 | |
| Stocks | 30/36 | - | €1,500 | +€1,500 | |
| Amounts receivable within one year | 40/41 | €7,518 | €10,309 | +€2,790 | +37.1% |
| Trade receivables | 40 | - | €146 | +€146 | |
| Other amounts receivable | 41 | €7,518 | €10,163 | +€2,645 | +35.2% |
| Cash at bank and in hand | 54/58 | - | €40,819 | +€40,819 | |
| Total equity and liabilities | 10/49 | €7,518 | €87,153 | +€79,634 | +1,059% |
| Equity | 10/15 | €7,518 | €42,161 | +€34,642 | +461% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | - | -€620 | |
| Reserves not available under the articles | 1311 | €620 | - | -€620 | |
| Distributable reserves | 133 | - | €620 | +€620 | |
| Profit (loss) carried forward | 14 | €698 | €22,941 | +€22,242 | +3,184% |
| Amounts payable | 17/49 | - | €44,992 | +€44,992 | |
| Amounts payable within one year | 42/48 | - | €44,992 | +€44,992 | |
| Trade debts | 44 | - | €34,602 | +€34,602 | |
| Suppliers | 440/4 | - | €34,602 | +€34,602 | |
| Taxes, remuneration and social security | 45 | - | €8,000 | +€8,000 | |
| Taxes | 450/3 | - | €8,000 | +€8,000 | |
| Other amounts payable | 47/48 | - | €2,390 | +€2,390 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,666 | +€5,666 | |
| Other operating charges | 640/8 | €493 | €387 | -€106 | -21.5% |
| Gross operating margin | 9900 | -€936 | €36,302 | +€37,238 | |
| Operating profit (loss) | 9901 | -€1,430 | €30,248 | +€31,677 | |
| Financial income | 75/76B | €39 | €2 | -€37 | -94.7% |
| Recurring financial income | 75 | €39 | €2 | -€37 | -94.7% |
| Financial charges | 65/66B | - | €8 | +€8 | |
| Recurring financial charges | 65 | - | €8 | +€8 | |
| Profit (loss) for the period before taxes | 9903 | -€1,391 | €30,242 | +€31,633 | |
| Income taxes | 67/77 | - | €8,000 | +€8,000 | |
| Profit (loss) for the period | 9904 | -€1,391 | €22,242 | +€23,633 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,391 | €22,242 | +€23,633 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.