FINSCAFF: 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.
FINSCAFF
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+53.5%), from €2.7m to €4.1m
of which Trade receivables: +€1.8m
- Receivables after one year +€1.1m
up €1.1m (+37.9%), from €2.8m to €3.9m
- Tangible fixed assets +€517,050
up €517,050 (+60.6%), from €853,772 to €1.4m
of which Plant, machinery and equipment: +€424,732
- Deferred charges and accrued income +€163,984
up €163,984 (+12,039%), from €1,362 to €165,346
- Debts after one year +€1.4m
up €1.4m (+27.9%), from €5.0m to €6.4m
- Other debts +€1.0m
up €1.0m (+62.8%), from €1.6m to €2.6m
- Trade debts +€818,042
up €818,042 (+2,790%), from €29,316 to €847,358
- Gross operating margin +€361,733
up €361,733 (+144%), from €250,534 to €612,267
- Financial charges +€242,045
up €242,045 (+68.4%), from €353,971 to €596,016
of which Non-recurring financial charges: +€200,000
- Depreciation +€164,577
up €164,577 (+66.3%), from €248,112 to €412,688
- Financial income +€25,611
up €25,611 (+8.6%), from €296,548 to €322,159
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,445,180 | €9,571,921 | +€3.1m | +48.5% |
| Fixed assets | 21/28 | €853,772 | €1,370,822 | +€517,050 | +60.6% |
| Tangible fixed assets | 22/27 | €853,772 | €1,370,822 | +€517,050 | +60.6% |
| Plant, machinery and equipment | 23 | €693,056 | €1,117,788 | +€424,732 | +61.3% |
| Other tangible fixed assets | 26 | €160,716 | €253,035 | +€92,319 | +57.4% |
| Current assets | 29/58 | €5,591,408 | €8,201,099 | +€2.6m | +46.7% |
| Amounts receivable after more than one year | 29 | €2,827,585 | €3,900,489 | +€1.1m | +37.9% |
| Trade receivables | 290 | €2,827,585 | €3,900,489 | +€1.1m | +37.9% |
| Amounts receivable within one year | 40/41 | €2,677,845 | €4,109,546 | +€1.4m | +53.5% |
| Trade receivables | 40 | €1,809,360 | €3,601,108 | +€1.8m | +99.0% |
| Other amounts receivable | 41 | €868,484 | €508,438 | -€360,046 | -41.5% |
| Cash at bank and in hand | 54/58 | €84,617 | €25,717 | -€58,900 | -69.6% |
| Deferred charges and accrued income | 490/1 | €1,362 | €165,346 | +€163,984 | +12,039% |
| Total equity and liabilities | 10/49 | €6,445,180 | €9,571,921 | +€3.1m | +48.5% |
| Equity | 10/15 | -€185,312 | -€271,274 | -€85,962 | -46.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€205,312 | -€291,274 | -€85,962 | -41.9% |
| Amounts payable | 17/49 | €6,630,492 | €9,843,195 | +€3.2m | +48.5% |
| Amounts payable after more than one year | 17 | €5,000,000 | €6,397,432 | +€1.4m | +27.9% |
| Financial debts | 170/4 | €5,000,000 | €6,397,432 | +€1.4m | +27.9% |
| Amounts payable within one year | 42/48 | €1,630,492 | €3,445,763 | +€1.8m | +111% |
| Trade debts | 44 | €29,316 | €847,358 | +€818,042 | +2,790% |
| Suppliers | 440/4 | €29,316 | €847,358 | +€818,042 | +2,790% |
| Taxes, remuneration and social security | 45 | €5,319 | - | -€5,319 | |
| Taxes | 450/3 | €5,319 | - | -€5,319 | |
| Other amounts payable | 47/48 | €1,595,856 | €2,598,405 | +€1.0m | +62.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €248,112 | €412,688 | +€164,577 | +66.3% |
| Other operating charges | 640/8 | €13,333 | €10,005 | -€3,329 | -25.0% |
| Non-recurring operating charges | 66A | - | €1,680 | +€1,680 | |
| Gross operating margin | 9900 | €250,534 | €612,267 | +€361,733 | +144% |
| Operating profit (loss) | 9901 | -€10,911 | €187,894 | +€198,805 | |
| Financial income | 75/76B | €296,548 | €322,159 | +€25,611 | +8.6% |
| Recurring financial income | 75 | €296,548 | €322,159 | +€25,611 | +8.6% |
| Financial charges | 65/66B | €353,971 | €596,016 | +€242,045 | +68.4% |
| Recurring financial charges | 65 | €353,971 | €396,016 | +€42,045 | +11.9% |
| Non-recurring financial charges | 66B | - | €200,000 | +€200,000 | |
| Profit (loss) for the period before taxes | 9903 | -€68,334 | -€85,962 | -€17,629 | -25.8% |
| Profit (loss) for the period | 9904 | -€68,334 | -€85,962 | -€17,629 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,334 | -€85,962 | -€17,629 | -25.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.