FINOCO: 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.
FINOCO
Largest movements
- Receivables within one year +€128,915
up €128,915 (+144.3%), from €89,328 to €218,243
- Tangible fixed assets -€15,293
down €15,293 (-5.7%), from €270,091 to €254,798
of which Land and buildings: -€10,746
- Cash +€15,070
up €15,070 (+192.2%), from €7,839 to €22,909
mainly Net result for the year (+€145,694) and Depreciation (+€25,350)
- Profit (loss) carried forward +€114,000
up €114,000 (+68.9%), from €165,540 to €279,540
- Other debts +€23,937
up €23,937 (+298.1%), from €8,030 to €31,967
- Debts after one year -€20,940
down €20,940 (-19.5%), from €107,449 to €86,509
- Tax, wage and social debts +€19,999
up €19,999 (+61.3%), from €32,598 to €52,597
of which Taxes: +€28,487
- Trade debts -€6,620
down €6,620 (-68.2%), from €9,710 to €3,090
- Gross operating margin +€105,702
up €105,702 (+70.3%), from €150,405 to €256,107
- Staff costs -€61,932
down €61,932 (-67.4%), from €91,927 to €29,995
- Taxes +€42,247
up €42,247 (+623.4%), from €6,777 to €49,024
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.
Cash bridge derived
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 | €368,624 | €496,075 | +€127,451 | +34.6% |
| Fixed assets | 21/28 | €271,457 | €254,923 | -€16,534 | -6.1% |
| Intangible fixed assets | 21 | €1,241 | - | -€1,241 | |
| Tangible fixed assets | 22/27 | €270,091 | €254,798 | -€15,293 | -5.7% |
| Land and buildings | 22 | €261,202 | €250,456 | -€10,746 | -4.1% |
| Plant, machinery and equipment | 23 | €8,514 | €4,342 | -€4,172 | -49.0% |
| Furniture and vehicles | 24 | €375 | - | -€375 | |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €97,167 | €241,152 | +€143,985 | +148.2% |
| Amounts receivable within one year | 40/41 | €89,328 | €218,243 | +€128,915 | +144.3% |
| Trade receivables | 40 | €89,328 | €218,243 | +€128,915 | +144.3% |
| Cash at bank and in hand | 54/58 | €7,839 | €22,909 | +€15,070 | +192.2% |
| Total equity and liabilities | 10/49 | €368,624 | €496,075 | +€127,451 | +34.6% |
| Equity | 10/15 | €186,000 | €300,000 | +€114,000 | +61.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,540 | €279,540 | +€114,000 | +68.9% |
| Amounts payable | 17/49 | €182,624 | €196,075 | +€13,451 | +7.4% |
| Amounts payable after more than one year | 17 | €107,449 | €86,509 | -€20,940 | -19.5% |
| Financial debts | 170/4 | €107,449 | €86,509 | -€20,940 | -19.5% |
| Amounts payable within one year | 42/48 | €75,004 | €109,566 | +€34,563 | +46.1% |
| Current portion of amounts payable after more than one year | 42 | €24,665 | €21,913 | -€2,753 | -11.2% |
| Trade debts | 44 | €9,710 | €3,090 | -€6,620 | -68.2% |
| Suppliers | 440/4 | €9,710 | €3,090 | -€6,620 | -68.2% |
| Taxes, remuneration and social security | 45 | €32,598 | €52,597 | +€19,999 | +61.3% |
| Taxes | 450/3 | €20,245 | €48,732 | +€28,487 | +140.7% |
| Remuneration and social security | 454/9 | €12,353 | €3,865 | -€8,488 | -68.7% |
| Other amounts payable | 47/48 | €8,030 | €31,967 | +€23,937 | +298.1% |
| Accrued charges and deferred income | 492/3 | €171 | - | -€171 | |
| Remuneration, social security and pensions | 62 | €91,927 | €29,995 | -€61,932 | -67.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,667 | €25,350 | +€1,683 | +7.1% |
| Other operating charges | 640/8 | €1,569 | €1,267 | -€302 | -19.2% |
| Gross operating margin | 9900 | €150,405 | €256,107 | +€105,702 | +70.3% |
| Operating profit (loss) | 9901 | €33,243 | €199,495 | +€166,252 | +500.1% |
| Financial income | 75/76B | €98 | €33 | -€64 | -65.9% |
| Recurring financial income | 75 | €98 | €33 | -€64 | -65.9% |
| Financial charges | 65/66B | €2,564 | €4,810 | +€2,247 | +87.6% |
| Recurring financial charges | 65 | €2,564 | €4,810 | +€2,247 | +87.6% |
| Profit (loss) for the period before taxes | 9903 | €30,777 | €194,718 | +€163,941 | +532.7% |
| Income taxes | 67/77 | €6,777 | €49,024 | +€42,247 | +623.4% |
| Profit (loss) for the period | 9904 | €24,000 | €145,694 | +€121,694 | +507.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,000 | €145,694 | +€121,694 | +507.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.