FinO2: 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.
FinO2
Largest movements
- Receivables within one year +€289,875
up €289,875 (+667%), from €43,435 to €333,310
of which Trade receivables: +€164,274
- Tangible fixed assets +€142,008
up €142,008 (+2,828%), from €5,022 to €147,030
of which Assets under construction and advance payments: +€142,008
- Deferred charges and accrued income +€77,930
new in 2024: €77,930
- Current investments +€25,750
new in 2024: €25,750
- Debts after one year +€188,562
new in 2024: €188,562
- Profit (loss) carried forward +€188,350
up €188,350 (+84.7%), from €222,255 to €410,604
- Accrued charges and deferred income +€122,807
up €122,807 (+1,617%), from €7,595 to €130,402
- Short-term financial debts +€29,408
new in 2024: €29,408
- Current portion of long-term debt +€9,768
new in 2024: €9,768
- Taxes +€57,702
new in 2024: €57,702
- Gross operating margin +€15,289
up €15,289 (+6.5%), from €233,679 to €248,967
- Other operating charges -€11,102
down €11,102 (-80.0%), from €13,872 to €2,770
- Financial charges +€3,302
up €3,302 (+446%), from €740 to €4,042
of which Financial charges: +€2,725
From the 2023 result to the 2024 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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €415,771 | €959,126 | +€543,355 | +131% |
| Fixed assets | 21/28 | €55,022 | €197,030 | +€142,008 | +258% |
| Tangible fixed assets | 22/27 | €5,022 | €147,030 | +€142,008 | +2,828% |
| Furniture and vehicles | 24 | €5,022 | €5,022 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €142,008 | +€142,008 | |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €360,749 | €762,097 | +€401,348 | +111% |
| Amounts receivable within one year | 40/41 | €43,435 | €333,310 | +€289,875 | +667% |
| Trade receivables | 40 | €16,435 | €180,710 | +€164,274 | +1,000% |
| Other amounts receivable | 41 | €27,000 | €152,601 | +€125,601 | +465% |
| Current investments | 50/53 | - | €25,750 | +€25,750 | |
| Cash at bank and in hand | 54/58 | €317,314 | €325,107 | +€7,793 | +2.5% |
| Deferred charges and accrued income | 490/1 | - | €77,930 | +€77,930 | |
| Total equity and liabilities | 10/49 | €415,771 | €959,126 | +€543,355 | +131% |
| Equity | 10/15 | €228,455 | €416,804 | +€188,350 | +82.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €222,255 | €410,604 | +€188,350 | +84.7% |
| Amounts payable | 17/49 | €187,316 | €542,322 | +€355,006 | +190% |
| Amounts payable after more than one year | 17 | - | €188,562 | +€188,562 | |
| Financial debts | 170/4 | - | €188,562 | +€188,562 | |
| Amounts payable within one year | 42/48 | €179,721 | €223,358 | +€43,637 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | - | €9,768 | +€9,768 | |
| Financial debts | 43 | - | €29,408 | +€29,408 | |
| Credit institutions | 430/8 | - | €29,408 | +€29,408 | |
| Trade debts | 44 | €11,482 | €14,128 | +€2,646 | +23.0% |
| Suppliers | 440/4 | €11,482 | €14,128 | +€2,646 | +23.0% |
| Advances received on contracts in progress | 46 | €14,365 | €14,365 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,340 | €2,012 | -€1,328 | -39.8% |
| Taxes | 450/3 | €3,340 | €2,012 | -€1,328 | -39.8% |
| Other amounts payable | 47/48 | €150,534 | €153,676 | +€3,142 | +2.1% |
| Accrued charges and deferred income | 492/3 | €7,595 | €130,402 | +€122,807 | +1,617% |
| Remuneration, social security and pensions | 62 | - | €528 | +€528 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,014 | €0 | -€1,014 | -100% |
| Other operating charges | 640/8 | €13,872 | €2,770 | -€11,102 | -80.0% |
| Gross operating margin | 9900 | €233,679 | €248,967 | +€15,289 | +6.5% |
| Operating profit (loss) | 9901 | €218,792 | €245,670 | +€26,878 | +12.3% |
| Financial income | 75/76B | €1,957 | €4,424 | +€2,467 | +126% |
| Recurring financial income | 75 | €747 | €4,424 | +€3,677 | +492% |
| Non-recurring financial income | 76B | €1,210 | €0 | -€1,210 | -100% |
| Financial charges | 65/66B | €740 | €4,042 | +€3,302 | +446% |
| Recurring financial charges | 65 | €740 | €3,465 | +€2,725 | +368% |
| Non-recurring financial charges | 66B | - | €577 | +€577 | |
| Profit (loss) for the period before taxes | 9903 | €220,008 | €246,052 | +€26,043 | +11.8% |
| Income taxes | 67/77 | - | €57,702 | +€57,702 | |
| Profit (loss) for the period | 9904 | €220,008 | €188,350 | -€31,659 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €220,008 | €188,350 | -€31,659 | -14.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.