FINOVER: 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.
FINOVER
Largest movements
- Receivables after one year +€71,418
up €71,418 (+115.5%), from €61,819 to €133,236
- Current investments -€56,500
down €56,500 (-53.1%), from €106,500 to €50,000
- Tangible fixed assets -€51,042
down €51,042 (-26.4%), from €193,070 to €142,028
of which Land and buildings: -€26,138
- Receivables within one year +€13,446
up €13,446 (+8.3%), from €161,595 to €175,041
of which Other amounts receivable: +€35,201
- Intangible fixed assets -€11,600
down €11,600 (-30.9%), from €37,579 to €25,979
- Debts after one year -€36,266
down €36,266 (-35.4%), from €102,332 to €66,066
- Other debts -€34,294
down €34,294 (-11.2%), from €306,411 to €272,117
- Short-term financial debts +€30,000
new in 2025: €30,000
- Reserves +€8,671
up €8,671 (+9.0%), from €96,175 to €104,846
of which Distributable reserves: +€8,671
- Tax, wage and social debts -€6,977
down €6,977 (-30.5%), from €22,896 to €15,919
of which Taxes: -€8,578
- Write-downs +€114,319
new in 2025: €114,319
- Gross operating margin +€60,246
up €60,246 (+13.7%), from €439,171 to €499,417
- Financial charges -€17,562
down €17,562 (-84.7%), from €20,725 to €3,164
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 | €576,136 | €535,934 | -€40,202 | -7.0% |
| Fixed assets | 21/28 | €230,649 | €168,007 | -€62,642 | -27.2% |
| Intangible fixed assets | 21 | €37,579 | €25,979 | -€11,600 | -30.9% |
| Tangible fixed assets | 22/27 | €193,070 | €142,028 | -€51,042 | -26.4% |
| Land and buildings | 22 | €106,112 | €79,974 | -€26,138 | -24.6% |
| Furniture and vehicles | 24 | €86,957 | €62,054 | -€24,903 | -28.6% |
| Current assets | 29/58 | €345,487 | €367,926 | +€22,439 | +6.5% |
| Amounts receivable after more than one year | 29 | €61,819 | €133,236 | +€71,418 | +115.5% |
| Other amounts receivable | 291 | €61,819 | €133,236 | +€71,418 | +115.5% |
| Amounts receivable within one year | 40/41 | €161,595 | €175,041 | +€13,446 | +8.3% |
| Trade receivables | 40 | €71,415 | €49,661 | -€21,754 | -30.5% |
| Other amounts receivable | 41 | €90,179 | €125,380 | +€35,201 | +39.0% |
| Current investments | 50/53 | €106,500 | €50,000 | -€56,500 | -53.1% |
| Cash at bank and in hand | 54/58 | €15,574 | €9,649 | -€5,925 | -38.0% |
| Total equity and liabilities | 10/49 | €576,136 | €535,934 | -€40,202 | -7.0% |
| Equity | 10/15 | €102,375 | €111,046 | +€8,671 | +8.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €96,175 | €104,846 | +€8,671 | +9.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,202 | €8,202 | = | 0.0% |
| Distributable reserves | 133 | €86,112 | €94,783 | +€8,671 | +10.1% |
| Amounts payable | 17/49 | €473,761 | €424,888 | -€48,873 | -10.3% |
| Amounts payable after more than one year | 17 | €102,332 | €66,066 | -€36,266 | -35.4% |
| Financial debts | 170/4 | €102,332 | €66,066 | -€36,266 | -35.4% |
| Amounts payable within one year | 42/48 | €369,772 | €354,303 | -€15,469 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €40,465 | €36,266 | -€4,198 | -10.4% |
| Financial debts | 43 | - | €30,000 | +€30,000 | |
| Credit institutions | 430/8 | - | €30,000 | +€30,000 | |
| Taxes, remuneration and social security | 45 | €22,896 | €15,919 | -€6,977 | -30.5% |
| Taxes | 450/3 | €19,349 | €10,771 | -€8,578 | -44.3% |
| Remuneration and social security | 454/9 | €3,547 | €5,149 | +€1,601 | +45.1% |
| Other amounts payable | 47/48 | €306,411 | €272,117 | -€34,294 | -11.2% |
| Accrued charges and deferred income | 492/3 | €1,657 | €4,519 | +€2,862 | +172.7% |
| Remuneration, social security and pensions | 62 | €40,199 | €43,724 | +€3,525 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,919 | €81,142 | +€1,222 | +1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €114,319 | +€114,319 | |
| Other operating charges | 640/8 | €4,577 | €4,030 | -€546 | -11.9% |
| Gross operating margin | 9900 | €439,171 | €499,417 | +€60,246 | +13.7% |
| Operating profit (loss) | 9901 | €314,476 | €256,202 | -€58,273 | -18.5% |
| Financial income | 75/76B | €6,782 | €7,345 | +€563 | +8.3% |
| Recurring financial income | 75 | €6,782 | €7,345 | +€563 | +8.3% |
| Financial charges | 65/66B | €20,725 | €3,164 | -€17,562 | -84.7% |
| Recurring financial charges | 65 | €20,725 | €3,164 | -€17,562 | -84.7% |
| Profit (loss) for the period before taxes | 9903 | €300,532 | €260,384 | -€40,148 | -13.4% |
| Income taxes | 67/77 | €18,456 | €21,713 | +€3,257 | +17.6% |
| Profit (loss) for the period | 9904 | €282,077 | €238,671 | -€43,405 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €282,077 | €238,671 | -€43,405 | -15.4% |
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 1 October 2026 via checked.be.