FINOFAB: 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.
FINOFAB
Largest movements
- Receivables within one year -€7,624
down €7,624 (-100.0%), from €7,624 to €0
of which Other amounts receivable: -€6,370
- Cash -€2,253
down €2,253 (-2.7%), from €83,521 to €81,267
mainly Contributions, distributions and other (-€69,420) and Investment in fixed assets (net) (-€11,562)
- Profit (loss) carried forward -€8,570
down €8,570 (-99.8%), from €8,585 to €15
- Other debts -€6,747
down €6,747 (-13.5%), from €50,000 to €43,253
- Tax, wage and social debts +€5,957
up €5,957 (+79.4%), from €7,499 to €13,455
of which Remuneration and social security: +€3,813
- Reserves -€3,720
down €3,720 (-100.0%), from €3,720 to €0
- Trade debts +€3,286
up €3,286 (+66.1%), from €4,973 to €8,260
- Gross operating margin +€33,132
up €33,132 (+32.7%), from €101,319 to €134,452
- Staff costs +€31,116
up €31,116 (+172.8%), from €18,008 to €49,123
- Depreciation +€2,428
up €2,428 (+26.8%), from €9,055 to €11,483
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 | €111,977 | €102,183 | -€9,794 | -8.7% |
| Fixed assets | 21/28 | €20,530 | €20,609 | +€79 | +0.4% |
| Tangible fixed assets | 22/27 | €20,261 | €20,340 | +€79 | +0.4% |
| Furniture and vehicles | 24 | €3,819 | €9,363 | +€5,544 | +145.2% |
| Other tangible fixed assets | 26 | €16,442 | €10,977 | -€5,465 | -33.2% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €91,447 | €81,574 | -€9,873 | -10.8% |
| Amounts receivable within one year | 40/41 | €7,624 | €0 | -€7,624 | -100.0% |
| Trade receivables | 40 | €1,254 | €0 | -€1,254 | -100.0% |
| Other amounts receivable | 41 | €6,370 | €0 | -€6,370 | -100.0% |
| Cash at bank and in hand | 54/58 | €83,521 | €81,267 | -€2,253 | -2.7% |
| Deferred charges and accrued income | 490/1 | €302 | €306 | +€4 | +1.4% |
| Total equity and liabilities | 10/49 | €111,977 | €102,183 | -€9,794 | -8.7% |
| Equity | 10/15 | €49,505 | €37,215 | -€12,290 | -24.8% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €3,720 | €0 | -€3,720 | -100.0% |
| Distributable reserves | 133 | €3,720 | €0 | -€3,720 | -100.0% |
| Profit (loss) carried forward | 14 | €8,585 | €15 | -€8,570 | -99.8% |
| Amounts payable | 17/49 | €62,472 | €64,968 | +€2,496 | +4.0% |
| Amounts payable within one year | 42/48 | €62,472 | €64,968 | +€2,496 | +4.0% |
| Trade debts | 44 | €4,973 | €8,260 | +€3,286 | +66.1% |
| Suppliers | 440/4 | €4,973 | €8,260 | +€3,286 | +66.1% |
| Taxes, remuneration and social security | 45 | €7,499 | €13,455 | +€5,957 | +79.4% |
| Taxes | 450/3 | €5,348 | €7,492 | +€2,144 | +40.1% |
| Remuneration and social security | 454/9 | €2,150 | €5,963 | +€3,813 | +177.3% |
| Other amounts payable | 47/48 | €50,000 | €43,253 | -€6,747 | -13.5% |
| Remuneration, social security and pensions | 62 | €18,008 | €49,123 | +€31,116 | +172.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,055 | €11,483 | +€2,428 | +26.8% |
| Other operating charges | 640/8 | €649 | €604 | -€46 | -7.0% |
| Gross operating margin | 9900 | €101,319 | €134,452 | +€33,132 | +32.7% |
| Operating profit (loss) | 9901 | €73,607 | €73,242 | -€366 | -0.5% |
| Financial income | 75/76B | €752 | €1,107 | +€355 | +47.1% |
| Recurring financial income | 75 | €752 | €1,107 | +€355 | +47.1% |
| Financial charges | 65/66B | €1,500 | €1,915 | +€415 | +27.7% |
| Recurring financial charges | 65 | €1,500 | €1,915 | +€415 | +27.7% |
| Profit (loss) for the period before taxes | 9903 | €72,860 | €72,433 | -€426 | -0.6% |
| Income taxes | 67/77 | €14,593 | €15,303 | +€710 | +4.9% |
| Profit (loss) for the period | 9904 | €58,267 | €57,130 | -€1,136 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,267 | €57,130 | -€1,136 | -2.0% |
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 2 October 2026 via checked.be.