FINOVERCO: 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.
FINOVERCO
Largest movements
- Cash -€16,058
down €16,058 (-92.9%), from €17,277 to €1,219
mainly Investment in fixed assets (net) (-€39,106) and Net result for the year (-€31,632)
- Tangible fixed assets +€9,742
up €9,742 (+4.1%), from €235,351 to €245,092
of which Furniture and vehicles: +€5,675
- Receivables within one year -€4,429
down €4,429 (-18.8%), from €23,563 to €19,133
of which Trade receivables: -€2,898
- Profit (loss) carried forward -€31,632
down €31,632 (-16.1%), from -€196,039 to -€227,672
- Other debts +€25,530
up €25,530 (+6.1%), from €418,823 to €444,353
- Trade debts +€12,402
up €12,402 (+2,760%), from €449 to €12,852
- Advances received -€9,000
down €9,000 (-100%), from €9,000 to €0
- Debts after one year -€5,790
down €5,790 (-29.1%), from €19,873 to €14,083
- Other operating charges +€5,616
up €5,616 (+420%), from €1,337 to €6,953
- Depreciation +€4,250
up €4,250 (+16.9%), from €25,114 to €29,365
- Gross operating margin -€2,535
down €2,535 (-48.7%), from €5,201 to €2,666
- Financial income +€1,705
up €1,705 (+316%), from €540 to €2,245
- Financial charges -€1,281
down €1,281 (-85.0%), from €1,507 to €226
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 | €326,296 | €317,255 | -€9,041 | -2.8% |
| Fixed assets | 21/28 | €235,351 | €245,092 | +€9,742 | +4.1% |
| Tangible fixed assets | 22/27 | €235,351 | €245,092 | +€9,742 | +4.1% |
| Land and buildings | 22 | €227,331 | €232,454 | +€5,123 | +2.3% |
| Plant, machinery and equipment | 23 | €1,109 | €52 | -€1,057 | -95.3% |
| Furniture and vehicles | 24 | €6,911 | €12,587 | +€5,675 | +82.1% |
| Current assets | 29/58 | €90,945 | €72,163 | -€18,782 | -20.7% |
| Amounts receivable within one year | 40/41 | €23,563 | €19,133 | -€4,429 | -18.8% |
| Trade receivables | 40 | €21,158 | €18,260 | -€2,898 | -13.7% |
| Other amounts receivable | 41 | €2,404 | €873 | -€1,531 | -63.7% |
| Current investments | 50/53 | €50,105 | €51,810 | +€1,705 | +3.4% |
| Cash at bank and in hand | 54/58 | €17,277 | €1,219 | -€16,058 | -92.9% |
| Total equity and liabilities | 10/49 | €326,296 | €317,255 | -€9,041 | -2.8% |
| Equity | 10/15 | -€176,039 | -€207,672 | -€31,632 | -18.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€196,039 | -€227,672 | -€31,632 | -16.1% |
| Amounts payable | 17/49 | €502,335 | €524,927 | +€22,592 | +4.5% |
| Amounts payable after more than one year | 17 | €19,873 | €14,083 | -€5,790 | -29.1% |
| Financial debts | 170/4 | €19,873 | €14,083 | -€5,790 | -29.1% |
| Amounts payable within one year | 42/48 | €479,909 | €508,290 | +€28,382 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €50,286 | €49,964 | -€322 | -0.6% |
| Trade debts | 44 | €449 | €12,852 | +€12,402 | +2,760% |
| Suppliers | 440/4 | €449 | €12,852 | +€12,402 | +2,760% |
| Advances received on contracts in progress | 46 | €9,000 | €0 | -€9,000 | -100% |
| Taxes, remuneration and social security | 45 | €1,350 | €1,121 | -€229 | -17.0% |
| Taxes | 450/3 | €1,350 | €1,121 | -€229 | -17.0% |
| Other amounts payable | 47/48 | €418,823 | €444,353 | +€25,530 | +6.1% |
| Accrued charges and deferred income | 492/3 | €2,554 | €2,554 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,114 | €29,365 | +€4,250 | +16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,337 | €6,953 | +€5,616 | +420% |
| Gross operating margin | 9900 | €5,201 | €2,666 | -€2,535 | -48.7% |
| Operating profit (loss) | 9901 | -€21,251 | -€33,652 | -€12,401 | -58.4% |
| Financial income | 75/76B | €540 | €2,245 | +€1,705 | +316% |
| Recurring financial income | 75 | €540 | €2,245 | +€1,705 | +316% |
| Financial charges | 65/66B | €1,507 | €226 | -€1,281 | -85.0% |
| Recurring financial charges | 65 | €1,507 | €226 | -€1,281 | -85.0% |
| Profit (loss) for the period before taxes | 9903 | -€22,218 | -€31,632 | -€9,414 | -42.4% |
| Profit (loss) for the period | 9904 | -€22,218 | -€31,632 | -€9,414 | -42.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,218 | -€31,632 | -€9,414 | -42.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.