FINPARCO: 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.
FINPARCO
Largest movements
- Financial fixed assets +€787,930
up €787,930 (+3.5%), from €22.5m to €23.3m
- Tangible fixed assets +€742,307
up €742,307 (+36.8%), from €2.0m to €2.8m
of which Land and buildings: +€779,828
- Cash +€726,266
up €726,266 (+203.9%), from €356,248 to €1.1m
mainly Other debts (+€3.4m) and Net result for the year (+€1.3m)
- Other debts +€3.4m
up €3.4m (+38.3%), from €8.8m to €12.2m
- Debts after one year -€2.5m
down €2.5m (-59.4%), from €4.2m to €1.7m
of which Financial debts: -€2.5m
- Reserves +€1.3m
up €1.3m (+12.1%), from €10.7m to €12.0m
- Financial income -€8.9m
down €8.9m (-86.4%), from €10.4m to €1.4m
of which Non-recurring financial income: -€8.9m
- Financial charges -€2.0m
down €2.0m (-98.1%), from €2.1m to €38,484
- Depreciation +€71,161
up €71,161 (+59.7%), from €119,187 to €190,349
- Gross operating margin -€33,078
down €33,078 (-11.6%), from €284,745 to €251,667
- Taxes +€26,103
up €26,103 (+160.6%), from €16,256 to €42,359
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 | €25,238,228 | €27,511,426 | +€2.3m | +9.0% |
| Fixed assets | 21/28 | €24,497,846 | €26,028,083 | +€1.5m | +6.2% |
| Tangible fixed assets | 22/27 | €2,017,725 | €2,760,032 | +€742,307 | +36.8% |
| Land and buildings | 22 | €1,877,941 | €2,657,770 | +€779,828 | +41.5% |
| Plant, machinery and equipment | 23 | €145 | €0 | -€145 | -100.0% |
| Furniture and vehicles | 24 | €63,898 | €35,235 | -€28,663 | -44.9% |
| Other tangible fixed assets | 26 | €75,740 | €67,027 | -€8,713 | -11.5% |
| Financial fixed assets | 28 | €22,480,121 | €23,268,050 | +€787,930 | +3.5% |
| Current assets | 29/58 | €740,382 | €1,483,344 | +€742,962 | +100.3% |
| Amounts receivable within one year | 40/41 | €358,229 | €301,994 | -€56,234 | -15.7% |
| Trade receivables | 40 | €146,403 | €7,712 | -€138,691 | -94.7% |
| Other amounts receivable | 41 | €211,826 | €294,283 | +€82,457 | +38.9% |
| Cash at bank and in hand | 54/58 | €356,248 | €1,082,514 | +€726,266 | +203.9% |
| Deferred charges and accrued income | 490/1 | €25,905 | €98,836 | +€72,931 | +281.5% |
| Total equity and liabilities | 10/49 | €25,238,228 | €27,511,426 | +€2.3m | +9.0% |
| Equity | 10/15 | €11,892,045 | €13,190,759 | +€1.3m | +10.9% |
| Contributions | 10/11 | €1,165,444 | €1,165,444 | = | 0.0% |
| Reserves | 13 | €10,726,602 | €12,025,316 | +€1.3m | +12.1% |
| Distributable reserves | 133 | €10,726,602 | €12,025,316 | +€1.3m | +12.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €13,346,183 | €14,320,667 | +€974,485 | +7.3% |
| Amounts payable after more than one year | 17 | €4,154,446 | €1,686,304 | -€2.5m | -59.4% |
| Financial debts | 170/4 | €4,100,246 | €1,632,104 | -€2.5m | -60.2% |
| Other amounts payable | 178/9 | €54,200 | €54,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,125,763 | €12,621,612 | +€3.5m | +38.3% |
| Current portion of amounts payable after more than one year | 42 | €227,699 | €228,142 | +€443 | +0.2% |
| Trade debts | 44 | €25,422 | €132,833 | +€107,411 | +422.5% |
| Suppliers | 440/4 | €25,422 | €132,833 | +€107,411 | +422.5% |
| Taxes, remuneration and social security | 45 | €25,258 | €28,448 | +€3,190 | +12.6% |
| Taxes | 450/3 | €25,258 | €28,448 | +€3,190 | +12.6% |
| Other amounts payable | 47/48 | €8,847,384 | €12,232,189 | +€3.4m | +38.3% |
| Accrued charges and deferred income | 492/3 | €65,974 | €12,751 | -€53,222 | -80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,187 | €190,349 | +€71,161 | +59.7% |
| Other operating charges | 640/8 | €84,810 | €89,599 | +€4,789 | +5.6% |
| Gross operating margin | 9900 | €284,745 | €251,667 | -€33,078 | -11.6% |
| Operating profit (loss) | 9901 | €80,747 | -€28,281 | -€109,028 | |
| Financial income | 75/76B | €10,352,359 | €1,407,838 | -€8.9m | -86.4% |
| Recurring financial income | 75 | €744,026 | €741,838 | -€2,188 | -0.3% |
| Non-recurring financial income | 76B | €9,608,333 | €666,000 | -€8.9m | -93.1% |
| Financial charges | 65/66B | €2,052,249 | €38,484 | -€2.0m | -98.1% |
| Recurring financial charges | 65 | €2,052,249 | €38,484 | -€2.0m | -98.1% |
| Profit (loss) for the period before taxes | 9903 | €8,380,857 | €1,341,073 | -€7.0m | -84.0% |
| Income taxes | 67/77 | €16,256 | €42,359 | +€26,103 | +160.6% |
| Profit (loss) for the period | 9904 | €8,364,601 | €1,298,714 | -€7.1m | -84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,364,601 | €1,298,714 | -€7.1m | -84.5% |
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.