FINOVATE: 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.
FINOVATE
Largest movements
- Cash +€77,307
up €77,307 (+75.5%), from €102,431 to €179,738
mainly Net result for the year (+€95,036) and Depreciation (+€708)
- Tangible fixed assets +€9,614
new in 2025: €9,614
of which Furniture and vehicles: +€8,169
- Receivables within one year +€4,965
up €4,965 (+23.9%), from €20,794 to €25,759
of which Trade receivables: +€3,520
- Reserves +€95,036
up €95,036 (+97.3%), from €97,714 to €192,749
- Gross operating margin -€2,242
down €2,242 (-1.6%), from €137,011 to €134,769
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.
Derived cash bridge
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 | €123,225 | €215,899 | +€92,675 | +75.2% |
| Fixed assets | 21/28 | - | €9,614 | +€9,614 | |
| Tangible fixed assets | 22/27 | - | €9,614 | +€9,614 | |
| Plant, machinery and equipment | 23 | - | €1,445 | +€1,445 | |
| Furniture and vehicles | 24 | - | €8,169 | +€8,169 | |
| Current assets | 29/58 | €123,225 | €206,286 | +€83,061 | +67.4% |
| Amounts receivable within one year | 40/41 | €20,794 | €25,759 | +€4,965 | +23.9% |
| Trade receivables | 40 | €20,794 | €24,314 | +€3,520 | +16.9% |
| Other amounts receivable | 41 | - | €1,445 | +€1,445 | |
| Cash at bank and in hand | 54/58 | €102,431 | €179,738 | +€77,307 | +75.5% |
| Deferred charges and accrued income | 490/1 | - | €788 | +€788 | |
| Total equity and liabilities | 10/49 | €123,225 | €215,899 | +€92,675 | +75.2% |
| Equity | 10/15 | €101,714 | €196,749 | +€95,036 | +93.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €97,714 | €192,749 | +€95,036 | +97.3% |
| Distributable reserves | 133 | €97,714 | €192,749 | +€95,036 | +97.3% |
| Amounts payable | 17/49 | €21,511 | €19,150 | -€2,361 | -11.0% |
| Amounts payable within one year | 42/48 | €21,511 | €19,150 | -€2,361 | -11.0% |
| Trade debts | 44 | €985 | - | -€985 | |
| Suppliers | 440/4 | €985 | - | -€985 | |
| Taxes, remuneration and social security | 45 | €20,065 | €19,150 | -€915 | -4.6% |
| Taxes | 450/3 | €20,065 | €19,150 | -€915 | -4.6% |
| Other amounts payable | 47/48 | €461 | - | -€461 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €708 | +€708 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €13 | - | -€13 | |
| Other operating charges | 640/8 | - | €371 | +€371 | |
| Gross operating margin | 9900 | €137,011 | €134,769 | -€2,242 | -1.6% |
| Operating profit (loss) | 9901 | €136,998 | €133,690 | -€3,307 | -2.4% |
| Financial income | 75/76B | - | €85 | +€85 | |
| Recurring financial income | 75 | - | €85 | +€85 | |
| Financial charges | 65/66B | - | €53 | +€53 | |
| Recurring financial charges | 65 | - | €53 | +€53 | |
| Profit (loss) for the period before taxes | 9903 | €136,998 | €133,723 | -€3,275 | -2.4% |
| Income taxes | 67/77 | €39,284 | €38,687 | -€597 | -1.5% |
| Profit (loss) for the period | 9904 | €97,714 | €95,036 | -€2,678 | -2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €97,714 | €95,036 | -€2,678 | -2.7% |
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 17 October 2026 via checked.be.