Finren Consult: 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.
Finren Consult
Largest movements
- Tangible fixed assets +€78,133
up €78,133 (+17.5%), from €446,144 to €524,277
of which Furniture and vehicles: +€85,697
- Receivables within one year -€26,505
down €26,505 (-86.5%), from €30,626 to €4,121
of which Trade receivables: -€27,963
- Cash -€10,490
down €10,490 (-54.2%), from €19,348 to €8,858
mainly Investment in fixed assets (net) (-€91,401) and Contributions, distributions and other (-€60,000)
- Debts after one year +€49,029
up €49,029 (+16.2%), from €303,061 to €352,090
- Reserves -€43,736
down €43,736 (-59.3%), from €73,771 to €30,035
- Other debts +€39,013
up €39,013 (+84.6%), from €46,117 to €85,130
- Tax, wage and social debts -€6,778
down €6,778 (-55.0%), from €12,323 to €5,545
- Gross operating margin -€49,119
down €49,119 (-49.6%), from €99,122 to €50,003
- Taxes -€7,306
down €7,306 (-45.8%), from €15,953 to €8,648
- Financial charges +€2,380
up €2,380 (+40.1%), from €5,935 to €8,316
- Depreciation +€2,275
up €2,275 (+20.7%), from €10,993 to €13,268
- Other operating charges -€1,574
down €1,574 (-26.5%), from €5,929 to €4,356
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 | €513,734 | €550,384 | +€36,650 | +7.1% |
| Fixed assets | 21/28 | €446,144 | €524,277 | +€78,133 | +17.5% |
| Tangible fixed assets | 22/27 | €446,144 | €524,277 | +€78,133 | +17.5% |
| Land and buildings | 22 | €433,920 | €424,210 | -€9,710 | -2.2% |
| Furniture and vehicles | 24 | €3,163 | €88,859 | +€85,697 | +2,710% |
| Other tangible fixed assets | 26 | €9,061 | €11,207 | +€2,146 | +23.7% |
| Current assets | 29/58 | €67,590 | €26,107 | -€41,483 | -61.4% |
| Amounts receivable after more than one year | 29 | €685 | €0 | -€685 | -100% |
| Other amounts receivable | 291 | €685 | €0 | -€685 | -100% |
| Amounts receivable within one year | 40/41 | €30,626 | €4,121 | -€26,505 | -86.5% |
| Trade receivables | 40 | €28,568 | €605 | -€27,963 | -97.9% |
| Other amounts receivable | 41 | €2,058 | €3,516 | +€1,458 | +70.8% |
| Current investments | 50/53 | €14,427 | €11,147 | -€3,280 | -22.7% |
| Cash at bank and in hand | 54/58 | €19,348 | €8,858 | -€10,490 | -54.2% |
| Deferred charges and accrued income | 490/1 | €2,503 | €1,982 | -€521 | -20.8% |
| Total equity and liabilities | 10/49 | €513,734 | €550,384 | +€36,650 | +7.1% |
| Equity | 10/15 | €79,971 | €36,235 | -€43,736 | -54.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €73,771 | €30,035 | -€43,736 | -59.3% |
| Distributable reserves | 133 | €73,771 | €30,035 | -€43,736 | -59.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €33,568 | €33,568 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €33,568 | €33,568 | = | 0.0% |
| Pensions and similar obligations | 160 | €33,568 | €33,568 | = | 0.0% |
| Amounts payable | 17/49 | €400,194 | €480,581 | +€80,387 | +20.1% |
| Amounts payable after more than one year | 17 | €303,061 | €352,090 | +€49,029 | +16.2% |
| Financial debts | 170/4 | €303,061 | €352,090 | +€49,029 | +16.2% |
| Amounts payable within one year | 42/48 | €96,424 | €127,782 | +€31,358 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €33,333 | €30,200 | -€3,133 | -9.4% |
| Financial debts | 43 | €1,270 | €5,022 | +€3,752 | +295% |
| Credit institutions | 430/8 | €1,270 | €22 | -€1,248 | -98.3% |
| Other loans | 439 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €3,381 | €1,885 | -€1,496 | -44.2% |
| Suppliers | 440/4 | €3,381 | €1,885 | -€1,496 | -44.2% |
| Taxes, remuneration and social security | 45 | €12,323 | €5,545 | -€6,778 | -55.0% |
| Taxes | 450/3 | €12,323 | €5,545 | -€6,778 | -55.0% |
| Other amounts payable | 47/48 | €46,117 | €85,130 | +€39,013 | +84.6% |
| Accrued charges and deferred income | 492/3 | €709 | €709 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,993 | €13,268 | +€2,275 | +20.7% |
| Other operating charges | 640/8 | €5,929 | €4,356 | -€1,574 | -26.5% |
| Gross operating margin | 9900 | €99,122 | €50,003 | -€49,119 | -49.6% |
| Operating profit (loss) | 9901 | €82,200 | €32,379 | -€49,820 | -60.6% |
| Financial income | 75/76B | €953 | €848 | -€105 | -11.0% |
| Recurring financial income | 75 | €953 | €848 | -€105 | -11.0% |
| Financial charges | 65/66B | €5,935 | €8,316 | +€2,380 | +40.1% |
| Recurring financial charges | 65 | €5,935 | €8,316 | +€2,380 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | €77,217 | €24,911 | -€52,306 | -67.7% |
| Income taxes | 67/77 | €15,953 | €8,648 | -€7,306 | -45.8% |
| Profit (loss) for the period | 9904 | €61,264 | €16,264 | -€45,000 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,264 | €16,264 | -€45,000 | -73.5% |
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 27 October 2026 via checked.be.