FINSEBO: 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.
FINSEBO
Largest movements
- Stocks and contracts +€109,621
new in 2025: €109,621
- Tangible fixed assets -€22,980
down €22,980 (-2.7%), from €863,431 to €840,451
- Receivables within one year -€20,396
down €20,396 (-48.9%), from €41,750 to €21,354
of which Other amounts receivable: -€15,090
- Debts after one year +€76,489
up €76,489 (+10.0%), from €766,628 to €843,117
- Gross operating margin -€15,510
down €15,510 (-35.0%), from €44,253 to €28,742
- Other operating charges -€519
down €519 (-10.1%), from €5,160 to €4,640
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €914,912 | €982,350 | +€67,438 | +7.4% |
| Fixed assets | 21/28 | €873,162 | €850,865 | -€22,298 | -2.6% |
| Tangible fixed assets | 22/27 | €863,431 | €840,451 | -€22,980 | -2.7% |
| Land and buildings | 22 | €863,431 | €840,451 | -€22,980 | -2.7% |
| Financial fixed assets | 28 | €9,731 | €10,414 | +€683 | +7.0% |
| Current assets | 29/58 | €41,750 | €131,485 | +€89,736 | +215% |
| Stocks and contracts in progress | 3 | - | €109,621 | +€109,621 | |
| Stocks | 30/36 | - | €109,621 | +€109,621 | |
| Amounts receivable within one year | 40/41 | €41,750 | €21,354 | -€20,396 | -48.9% |
| Trade receivables | 40 | €22,517 | €17,211 | -€5,306 | -23.6% |
| Other amounts receivable | 41 | €19,233 | €4,143 | -€15,090 | -78.5% |
| Current investments | 50/53 | - | €511 | +€511 | |
| Total equity and liabilities | 10/49 | €914,912 | €982,350 | +€67,438 | +7.4% |
| Equity | 10/15 | €94,890 | €86,373 | -€8,516 | -9.0% |
| Contributions | 10/11 | €66,000 | €66,000 | = | 0.0% |
| Reserves | 13 | €62,505 | €62,505 | = | 0.0% |
| Distributable reserves | 133 | €62,505 | €62,505 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,615 | -€42,132 | -€8,516 | -25.3% |
| Amounts payable | 17/49 | €820,022 | €895,977 | +€75,955 | +9.3% |
| Amounts payable after more than one year | 17 | €766,628 | €843,117 | +€76,489 | +10.0% |
| Financial debts | 170/4 | €766,628 | €843,117 | +€76,489 | +10.0% |
| Amounts payable within one year | 42/48 | €50,737 | €52,533 | +€1,796 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €43,600 | €44,444 | +€845 | +1.9% |
| Financial debts | 43 | €443 | - | -€443 | |
| Credit institutions | 430/8 | €443 | - | -€443 | |
| Trade debts | 44 | €6,694 | €8,089 | +€1,394 | +20.8% |
| Suppliers | 440/4 | €6,694 | €8,089 | +€1,394 | +20.8% |
| Accrued charges and deferred income | 492/3 | €2,657 | €327 | -€2,331 | -87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,980 | €22,980 | = | 0.0% |
| Other operating charges | 640/8 | €5,160 | €4,640 | -€519 | -10.1% |
| Gross operating margin | 9900 | €44,253 | €28,742 | -€15,510 | -35.0% |
| Operating profit (loss) | 9901 | €16,112 | €1,121 | -€14,991 | -93.0% |
| Financial charges | 65/66B | €9,396 | €9,638 | +€242 | +2.6% |
| Recurring financial charges | 65 | €9,396 | €9,638 | +€242 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €6,716 | -€8,516 | -€15,233 | |
| Profit (loss) for the period | 9904 | €6,716 | -€8,516 | -€15,233 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,716 | -€8,516 | -€15,233 |
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 19 October 2026 via checked.be.