FINOLOGIC: 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.
FINOLOGIC
Largest movements
- Cash +€233,787
up €233,787 (+297.6%), from €78,545 to €312,332
mainly Current investments (+€122,569) and Net result for the year (+€103,241)
- Current investments -€122,569
down €122,569 (-83.1%), from €147,569 to €25,000
- Receivables within one year -€50,072
down €50,072 (-79.2%), from €63,202 to €13,130
of which Trade receivables: -€54,713
- Reserves +€53,241
up €53,241 (+18.2%), from €293,233 to €346,474
- Tax, wage and social debts +€10,314
up €10,314 (+97.5%), from €10,579 to €20,893
- Debts after one year -€6,522
down €6,522 (-29.4%), from €22,153 to €15,631
- Gross operating margin +€42,573
up €42,573 (+37.2%), from €114,339 to €156,912
- Taxes +€13,419
up €13,419 (+47.8%), from €28,093 to €41,512
- Financial income +€3,846
up €3,846 (+224.6%), from €1,712 to €5,558
- Financial charges -€1,759
down €1,759, from €474 to -€1,285
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 | €352,497 | €410,617 | +€58,120 | +16.5% |
| Fixed assets | 21/28 | €61,014 | €57,275 | -€3,739 | -6.1% |
| Tangible fixed assets | 22/27 | €61,014 | €57,275 | -€3,739 | -6.1% |
| Plant, machinery and equipment | 23 | €2,715 | €1,889 | -€826 | -30.4% |
| Furniture and vehicles | 24 | €57,688 | €55,290 | -€2,398 | -4.2% |
| Other tangible fixed assets | 26 | €611 | €96 | -€515 | -84.3% |
| Current assets | 29/58 | €291,483 | €353,342 | +€61,859 | +21.2% |
| Amounts receivable within one year | 40/41 | €63,202 | €13,130 | -€50,072 | -79.2% |
| Trade receivables | 40 | €61,400 | €6,687 | -€54,713 | -89.1% |
| Other amounts receivable | 41 | €1,802 | €6,443 | +€4,641 | +257.5% |
| Current investments | 50/53 | €147,569 | €25,000 | -€122,569 | -83.1% |
| Cash at bank and in hand | 54/58 | €78,545 | €312,332 | +€233,787 | +297.6% |
| Deferred charges and accrued income | 490/1 | €2,167 | €2,880 | +€713 | +32.9% |
| Total equity and liabilities | 10/49 | €352,497 | €410,617 | +€58,120 | +16.5% |
| Equity | 10/15 | €299,433 | €352,674 | +€53,241 | +17.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €293,233 | €346,474 | +€53,241 | +18.2% |
| Distributable reserves | 133 | €293,233 | €346,474 | +€53,241 | +18.2% |
| Amounts payable | 17/49 | €53,064 | €57,943 | +€4,879 | +9.2% |
| Amounts payable after more than one year | 17 | €22,153 | €15,631 | -€6,522 | -29.4% |
| Financial debts | 170/4 | €22,153 | €15,631 | -€6,522 | -29.4% |
| Amounts payable within one year | 42/48 | €30,112 | €41,877 | +€11,765 | +39.1% |
| Current portion of amounts payable after more than one year | 42 | €6,274 | €6,522 | +€248 | +4.0% |
| Trade debts | 44 | €5,989 | €9,324 | +€3,335 | +55.7% |
| Suppliers | 440/4 | €5,989 | €9,324 | +€3,335 | +55.7% |
| Taxes, remuneration and social security | 45 | €10,579 | €20,893 | +€10,314 | +97.5% |
| Taxes | 450/3 | €10,579 | €20,893 | +€10,314 | +97.5% |
| Other amounts payable | 47/48 | €7,270 | €5,138 | -€2,132 | -29.3% |
| Accrued charges and deferred income | 492/3 | €799 | €435 | -€364 | -45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,782 | €17,564 | +€782 | +4.7% |
| Other operating charges | 640/8 | €983 | €1,135 | +€152 | +15.5% |
| Non-recurring operating charges | 66A | €126 | €303 | +€177 | +140.5% |
| Gross operating margin | 9900 | €114,339 | €156,912 | +€42,573 | +37.2% |
| Operating profit (loss) | 9901 | €96,448 | €137,910 | +€41,462 | +43.0% |
| Financial income | 75/76B | €1,712 | €5,558 | +€3,846 | +224.6% |
| Recurring financial income | 75 | €1,712 | €5,558 | +€3,846 | +224.6% |
| Financial charges | 65/66B | €474 | -€1,285 | -€1,759 | |
| Recurring financial charges | 65 | €474 | -€1,285 | -€1,759 | |
| Profit (loss) for the period before taxes | 9903 | €97,686 | €144,753 | +€47,067 | +48.2% |
| Income taxes | 67/77 | €28,093 | €41,512 | +€13,419 | +47.8% |
| Profit (loss) for the period | 9904 | €69,593 | €103,241 | +€33,648 | +48.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,593 | €103,241 | +€33,648 | +48.3% |
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 6 October 2026 via checked.be.