FINPOWER METHODOLOGY: 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.
FINPOWER METHODOLOGY
Largest movements
- Receivables within one year -€61,541
down €61,541 (-31.2%), from €197,505 to €135,964
of which Trade receivables: -€90,145
- Cash +€7,089
up €7,089 (+77.1%), from €9,198 to €16,287
mainly Receivables within one year (+€61,541) and Tax, wage and social debts (+€5,955)
- Tangible fixed assets +€2,739
new in 2025: €2,739
of which Plant, machinery and equipment: +€2,559
- Deferred charges and accrued income +€2,108
new in 2025: €2,108
- Trade debts -€45,838
down €45,838 (-43.1%), from €106,389 to €60,551
- Other debts -€10,385
down €10,385 (-86.0%), from €12,072 to €1,687
- Tax, wage and social debts +€5,955
new in 2025: €5,955
- Gross operating margin -€6,730
down €6,730 (-54.5%), from €12,356 to €5,625
- Taxes -€2,182
down €2,182 (-72.6%), from €3,003 to €821
- Depreciation +€578
new in 2025: €578
- Financial charges -€545
down €545 (-15.3%), from €3,559 to €3,013
- Financial income -€141
no longer reported in 2025 (was €141)
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 | €206,703 | €157,098 | -€49,605 | -24.0% |
| Fixed assets | 21/28 | - | €2,739 | +€2,739 | |
| Tangible fixed assets | 22/27 | - | €2,739 | +€2,739 | |
| Plant, machinery and equipment | 23 | - | €2,559 | +€2,559 | |
| Furniture and vehicles | 24 | - | €180 | +€180 | |
| Current assets | 29/58 | €206,703 | €154,359 | -€52,344 | -25.3% |
| Amounts receivable within one year | 40/41 | €197,505 | €135,964 | -€61,541 | -31.2% |
| Trade receivables | 40 | €192,881 | €102,735 | -€90,145 | -46.7% |
| Other amounts receivable | 41 | €4,624 | €33,228 | +€28,604 | +619% |
| Cash at bank and in hand | 54/58 | €9,198 | €16,287 | +€7,089 | +77.1% |
| Deferred charges and accrued income | 490/1 | - | €2,108 | +€2,108 | |
| Total equity and liabilities | 10/49 | €206,703 | €157,098 | -€49,605 | -24.0% |
| Equity | 10/15 | €84,242 | €84,905 | +€663 | +0.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €59,242 | €59,905 | +€663 | +1.1% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €56,742 | €57,405 | +€663 | +1.2% |
| Amounts payable | 17/49 | €122,461 | €72,193 | -€50,268 | -41.0% |
| Amounts payable within one year | 42/48 | €122,461 | €72,193 | -€50,268 | -41.0% |
| Financial debts | 43 | €4,000 | €4,000 | = | 0.0% |
| Credit institutions | 430/8 | €4,000 | €4,000 | = | 0.0% |
| Trade debts | 44 | €106,389 | €60,551 | -€45,838 | -43.1% |
| Suppliers | 440/4 | €106,389 | €60,551 | -€45,838 | -43.1% |
| Taxes, remuneration and social security | 45 | - | €5,955 | +€5,955 | |
| Taxes | 450/3 | - | €5,955 | +€5,955 | |
| Other amounts payable | 47/48 | €12,072 | €1,687 | -€10,385 | -86.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €578 | +€578 | |
| Other operating charges | 640/8 | €546 | €549 | +€4 | +0.7% |
| Gross operating margin | 9900 | €12,356 | €5,625 | -€6,730 | -54.5% |
| Operating profit (loss) | 9901 | €11,810 | €4,498 | -€7,312 | -61.9% |
| Financial income | 75/76B | €141 | - | -€141 | |
| Recurring financial income | 75 | €141 | - | -€141 | |
| Financial charges | 65/66B | €3,559 | €3,013 | -€545 | -15.3% |
| Recurring financial charges | 65 | €3,559 | €3,013 | -€545 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €8,393 | €1,484 | -€6,908 | -82.3% |
| Income taxes | 67/77 | €3,003 | €821 | -€2,182 | -72.6% |
| Profit (loss) for the period | 9904 | €5,389 | €663 | -€4,726 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,389 | €663 | -€4,726 | -87.7% |
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 13 October 2026 via checked.be.