FINOVAL: 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.
FINOVAL
Largest movements
- Tangible fixed assets -€17,467
down €17,467 (-70.1%), from €24,926 to €7,459
of which Furniture and vehicles: -€17,236
- Receivables within one year +€10,506
up €10,506 (+73.9%), from €14,209 to €24,715
of which Trade receivables: +€7,589
- Cash +€3,030
up €3,030 (+45.7%), from €6,623 to €9,653
mainly Investment in fixed assets (net) (+€10,013) and Depreciation (+€7,454)
- Other debts -€3,642
down €3,642 (-39.6%), from €9,186 to €5,544
- Profit (loss) carried forward -€1,343
down €1,343 (-0.5%), from -€276,547 to -€277,890
- Trade debts +€541
up €541 (+255.2%), from €212 to €753
- Tax, wage and social debts +€513
up €513 (+39.8%), from €1,289 to €1,802
- Purchases and services -€41,230
no longer reported in 2025 (was €41,230)
- Depreciation -€9,668
down €9,668 (-56.5%), from €17,122 to €7,454
- Gross operating margin +€7,833
up €7,833 (+38.4%), from €20,393 to €28,226
- Turnover -€5,903
down €5,903 (-10.6%), from €55,845 to €49,942
- Taxes +€995
up €995 (+48.1%), from €2,068 to €3,063
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 | €46,502 | €42,571 | -€3,931 | -8.5% |
| Fixed assets | 21/28 | €25,670 | €8,203 | -€17,467 | -68.0% |
| Tangible fixed assets | 22/27 | €24,926 | €7,459 | -€17,467 | -70.1% |
| Plant, machinery and equipment | 23 | €1,034 | €803 | -€231 | -22.3% |
| Furniture and vehicles | 24 | €23,892 | €6,656 | -€17,236 | -72.1% |
| Financial fixed assets | 28 | €744 | €744 | = | 0.0% |
| Current assets | 29/58 | €20,832 | €34,368 | +€13,536 | +65.0% |
| Amounts receivable within one year | 40/41 | €14,209 | €24,715 | +€10,506 | +73.9% |
| Trade receivables | 40 | €10,058 | €17,647 | +€7,589 | +75.5% |
| Other amounts receivable | 41 | €4,151 | €7,068 | +€2,917 | +70.3% |
| Cash at bank and in hand | 54/58 | €6,623 | €9,653 | +€3,030 | +45.7% |
| Total equity and liabilities | 10/49 | €46,502 | €42,571 | -€3,931 | -8.5% |
| Equity | 10/15 | -€54,187 | -€55,530 | -€1,343 | -2.5% |
| Contributions | 10/11 | €222,360 | €222,360 | = | 0.0% |
| Capital | 10 | €222,360 | €222,360 | = | 0.0% |
| Issued capital | 100 | €222,360 | €222,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€276,547 | -€277,890 | -€1,343 | -0.5% |
| Amounts payable | 17/49 | €100,689 | €98,101 | -€2,588 | -2.6% |
| Amounts payable after more than one year | 17 | €90,000 | €90,000 | = | 0.0% |
| Trade debts | 175 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,687 | €8,099 | -€2,588 | -24.2% |
| Trade debts | 44 | €212 | €753 | +€541 | +255.2% |
| Suppliers | 440/4 | €212 | €753 | +€541 | +255.2% |
| Taxes, remuneration and social security | 45 | €1,289 | €1,802 | +€513 | +39.8% |
| Taxes | 450/3 | €1,289 | €1,802 | +€513 | +39.8% |
| Other amounts payable | 47/48 | €9,186 | €5,544 | -€3,642 | -39.6% |
| Accrued charges and deferred income | 492/3 | €2 | €2 | = | 0.0% |
| Turnover | 70 | €55,845 | €49,942 | -€5,903 | -10.6% |
| Non-recurring operating income | 76A | - | €13,027 | +€13,027 | |
| Goods, raw materials, services and sundry goods | 60/61 | €41,230 | - | -€41,230 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,122 | €7,454 | -€9,668 | -56.5% |
| Other operating charges | 640/8 | €200 | €51 | -€149 | -74.5% |
| Non-recurring operating charges | 66A | - | €18,599 | +€18,599 | |
| Gross operating margin | 9900 | €20,393 | €28,226 | +€7,833 | +38.4% |
| Operating profit (loss) | 9901 | €3,071 | €2,122 | -€949 | -30.9% |
| Financial charges | 65/66B | €385 | €402 | +€17 | +4.4% |
| Recurring financial charges | 65 | €385 | €402 | +€17 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €2,686 | €1,720 | -€966 | -36.0% |
| Income taxes | 67/77 | €2,068 | €3,063 | +€995 | +48.1% |
| Profit (loss) for the period | 9904 | €618 | -€1,343 | -€1,961 | |
| Profit (loss) for the period to be appropriated | 9905 | €618 | -€1,343 | -€1,961 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.