Finoco-Expertises: 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-Expertises
Largest movements
- Intangible fixed assets -€40,000
down €40,000 (-22.5%), from €177,459 to €137,459
- Cash +€18,811
up €18,811 (+268.2%), from €7,015 to €25,825
mainly Debts after one year (+€158,851) and Depreciation (+€43,751)
- Receivables within one year +€8,312
up €8,312 (+11.9%), from €69,838 to €78,150
- Tangible fixed assets -€3,751
down €3,751 (-74.1%), from €5,059 to €1,309
- Other debts -€207,000
down €207,000 (-100.0%), from €207,000 to €0
- Debts after one year +€158,851
new in 2025: €158,851
- Current portion of long-term debt +€26,247
new in 2025: €26,247
- Trade debts +€16,661
up €16,661 (+305.7%), from €5,451 to €22,112
of which Suppliers: +€15,716
- Tax, wage and social debts -€13,155
down €13,155 (-41.1%), from €31,987 to €18,832
of which Taxes: -€20,655
- Gross operating margin +€40,209
up €40,209 (+32.6%), from €123,516 to €163,725
- Staff costs +€31,750
up €31,750 (+38.2%), from €83,081 to €114,832
- Depreciation +€18,345
up €18,345 (+72.2%), from €25,405 to €43,751
- Taxes -€2,770
down €2,770 (-63.2%), from €4,381 to €1,611
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 | €259,576 | €242,948 | -€16,628 | -6.4% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €182,723 | €138,973 | -€43,751 | -23.9% |
| Intangible fixed assets | 21 | €177,459 | €137,459 | -€40,000 | -22.5% |
| Tangible fixed assets | 22/27 | €5,059 | €1,309 | -€3,751 | -74.1% |
| Furniture and vehicles | 24 | €5,059 | €1,309 | -€3,751 | -74.1% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €76,853 | €103,975 | +€27,123 | +35.3% |
| Amounts receivable within one year | 40/41 | €69,838 | €78,150 | +€8,312 | +11.9% |
| Trade receivables | 40 | €69,838 | €78,150 | +€8,312 | +11.9% |
| Cash at bank and in hand | 54/58 | €7,015 | €25,825 | +€18,811 | +268.2% |
| Total equity and liabilities | 10/49 | €259,576 | €242,948 | -€16,628 | -6.4% |
| Equity | 10/15 | €14,800 | €16,906 | +€2,106 | +14.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,800 | €11,906 | +€2,106 | +21.5% |
| Amounts payable | 17/49 | €244,776 | €226,042 | -€18,734 | -7.7% |
| Amounts payable after more than one year | 17 | - | €158,851 | +€158,851 | |
| Financial debts | 170/4 | - | €158,851 | +€158,851 | |
| Amounts payable within one year | 42/48 | €244,776 | €67,190 | -€177,586 | -72.6% |
| Current portion of amounts payable after more than one year | 42 | - | €26,247 | +€26,247 | |
| Trade debts | 44 | €5,451 | €22,112 | +€16,661 | +305.7% |
| Suppliers | 440/4 | €5,451 | €21,167 | +€15,716 | +288.3% |
| Bills of exchange payable | 441 | - | €945 | +€945 | |
| Advances received on contracts in progress | 46 | €339 | €0 | -€339 | -100.0% |
| Taxes, remuneration and social security | 45 | €31,987 | €18,832 | -€13,155 | -41.1% |
| Taxes | 450/3 | €22,811 | €2,156 | -€20,655 | -90.5% |
| Remuneration and social security | 454/9 | €9,175 | €16,676 | +€7,501 | +81.7% |
| Other amounts payable | 47/48 | €207,000 | €0 | -€207,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €83,081 | €114,832 | +€31,750 | +38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,405 | €43,751 | +€18,345 | +72.2% |
| Other operating charges | 640/8 | €849 | €574 | -€275 | -32.4% |
| Gross operating margin | 9900 | €123,516 | €163,725 | +€40,209 | +32.6% |
| Operating profit (loss) | 9901 | €14,180 | €4,568 | -€9,612 | -67.8% |
| Financial income | 75/76B | €20 | €742 | +€723 | +3692.8% |
| Recurring financial income | 75 | €20 | €742 | +€723 | +3692.8% |
| Financial charges | 65/66B | €19 | €1,593 | +€1,575 | +8470.8% |
| Recurring financial charges | 65 | €19 | €1,593 | +€1,575 | +8470.8% |
| Profit (loss) for the period before taxes | 9903 | €14,181 | €3,717 | -€10,464 | -73.8% |
| Income taxes | 67/77 | €4,381 | €1,611 | -€2,770 | -63.2% |
| Profit (loss) for the period | 9904 | €9,800 | €2,106 | -€7,693 | -78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,800 | €2,106 | -€7,693 | -78.5% |
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.