FINPA: 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.
FINPA
Largest movements
- Receivables within one year -€72,288
down €72,288 (-46.8%), from €154,316 to €82,028
of which Trade receivables: -€64,510
- Cash -€7,069
down €7,069 (-6.8%), from €103,399 to €96,330
mainly Trade debts (-€78,620) and Tax, wage and social debts (-€3,482)
- Trade debts -€78,620
down €78,620 (-34.7%), from €226,255 to €147,635
- Tax, wage and social debts -€3,482
down €3,482 (-48.8%), from €7,130 to €3,648
- Gross operating margin -€78,233
down €78,233 (-89.3%), from €87,650 to €9,417
- Staff costs -€50,219
down €50,219 (-99.9%), from €50,280 to €61
- Taxes -€6,811
down €6,811 (-95.5%), from €7,130 to €319
- Other operating charges +€5,250
up €5,250 (+502.1%), from €1,046 to €6,296
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 | €263,539 | €182,449 | -€81,090 | -30.8% |
| Fixed assets | 21/28 | €5,823 | €4,091 | -€1,733 | -29.8% |
| Tangible fixed assets | 22/27 | €5,823 | €4,091 | -€1,733 | -29.8% |
| Plant, machinery and equipment | 23 | €5,053 | €3,705 | -€1,347 | -26.7% |
| Furniture and vehicles | 24 | €771 | €385 | -€385 | -50.0% |
| Current assets | 29/58 | €257,715 | €178,359 | -€79,357 | -30.8% |
| Amounts receivable within one year | 40/41 | €154,316 | €82,028 | -€72,288 | -46.8% |
| Trade receivables | 40 | €145,430 | €80,920 | -€64,510 | -44.4% |
| Other amounts receivable | 41 | €8,886 | €1,108 | -€7,778 | -87.5% |
| Cash at bank and in hand | 54/58 | €103,399 | €96,330 | -€7,069 | -6.8% |
| Total equity and liabilities | 10/49 | €263,539 | €182,449 | -€81,090 | -30.8% |
| Equity | 10/15 | €30,104 | €30,992 | +€888 | +2.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,104 | €27,992 | +€888 | +3.3% |
| Amounts payable | 17/49 | €233,434 | €151,457 | -€81,978 | -35.1% |
| Amounts payable within one year | 42/48 | €233,434 | €151,457 | -€81,978 | -35.1% |
| Trade debts | 44 | €226,255 | €147,635 | -€78,620 | -34.7% |
| Suppliers | 440/4 | €226,255 | €147,635 | -€78,620 | -34.7% |
| Taxes, remuneration and social security | 45 | €7,130 | €3,648 | -€3,482 | -48.8% |
| Taxes | 450/3 | €7,130 | €3,648 | -€3,482 | -48.8% |
| Other amounts payable | 47/48 | €49 | €174 | +€125 | +254.3% |
| Remuneration, social security and pensions | 62 | €50,280 | €61 | -€50,219 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,070 | €1,733 | -€337 | -16.3% |
| Other operating charges | 640/8 | €1,046 | €6,296 | +€5,250 | +502.1% |
| Gross operating margin | 9900 | €87,650 | €9,417 | -€78,233 | -89.3% |
| Operating profit (loss) | 9901 | €34,255 | €1,327 | -€32,928 | -96.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €20 | €120 | +€100 | +491.4% |
| Recurring financial charges | 65 | €20 | €120 | +€100 | +491.4% |
| Profit (loss) for the period before taxes | 9903 | €34,234 | €1,207 | -€33,028 | -96.5% |
| Income taxes | 67/77 | €7,130 | €319 | -€6,811 | -95.5% |
| Profit (loss) for the period | 9904 | €27,104 | €888 | -€26,217 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,104 | €888 | -€26,217 | -96.7% |
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 7 October 2026 via checked.be.