FinSec: 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.
FinSec
Largest movements
- Cash -€30,335
down €30,335 (-70.7%), from €42,930 to €12,595
mainly Tax, wage and social debts (-€30,945) and Investment in fixed assets (net) (-€2,950)
- Receivables within one year -€3,224
down €3,224 (-4.7%), from €68,633 to €65,409
- Tangible fixed assets +€2,435
up €2,435 (+207%), from €1,174 to €3,609
- Tax, wage and social debts -€30,945
down €30,945 (-99.7%), from €31,040 to €95
- Financial income +€11,766
up €11,766 (+1,176,600%), from €1 to €11,767
of which Non-recurring financial income: +€11,767
- Gross operating margin -€10,100
down €10,100, from €123 to -€9,977
- Taxes +€1,247
new in 2025: €1,247
- Other operating charges -€587
no longer reported in 2025 (was €587)
- Depreciation +€219
up €219 (+74.0%), from €296 to €515
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 | €112,821 | €81,697 | -€31,124 | -27.6% |
| Fixed assets | 21/28 | €1,258 | €3,693 | +€2,435 | +194% |
| Tangible fixed assets | 22/27 | €1,174 | €3,609 | +€2,435 | +207% |
| Furniture and vehicles | 24 | €1,174 | €3,609 | +€2,435 | +207% |
| Financial fixed assets | 28 | €84 | €84 | = | 0.0% |
| Current assets | 29/58 | €111,563 | €78,004 | -€33,559 | -30.1% |
| Amounts receivable within one year | 40/41 | €68,633 | €65,409 | -€3,224 | -4.7% |
| Other amounts receivable | 41 | €68,633 | €65,409 | -€3,224 | -4.7% |
| Cash at bank and in hand | 54/58 | €42,930 | €12,595 | -€30,335 | -70.7% |
| Total equity and liabilities | 10/49 | €112,821 | €81,697 | -€31,124 | -27.6% |
| Equity | 10/15 | €81,781 | €81,602 | -€179 | -0.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | - | -€3,000 | |
| Issued capital | 100 | €3,000 | - | -€3,000 | |
| Reserves | 13 | €79,612 | €79,612 | = | 0.0% |
| Distributable reserves | 133 | €79,612 | €79,612 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€831 | -€1,010 | -€179 | -21.5% |
| Amounts payable | 17/49 | €31,040 | €95 | -€30,945 | -99.7% |
| Amounts payable within one year | 42/48 | €31,040 | €95 | -€30,945 | -99.7% |
| Taxes, remuneration and social security | 45 | €31,040 | €95 | -€30,945 | -99.7% |
| Taxes | 450/3 | €31,040 | €95 | -€30,945 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €296 | €515 | +€219 | +74.0% |
| Other operating charges | 640/8 | €587 | - | -€587 | |
| Gross operating margin | 9900 | €123 | -€9,977 | -€10,100 | |
| Operating profit (loss) | 9901 | -€760 | -€10,492 | -€9,732 | -1,281% |
| Financial income | 75/76B | €1 | €11,767 | +€11,766 | +1,176,600% |
| Recurring financial income | 75 | €1 | €11,767 | +€11,766 | +1,176,600% |
| Non-recurring financial income | 76B | - | €11,767 | +€11,767 | |
| Financial charges | 65/66B | €72 | €207 | +€135 | +188% |
| Recurring financial charges | 65 | €72 | €207 | +€135 | +188% |
| Profit (loss) for the period before taxes | 9903 | -€831 | €1,068 | +€1,899 | |
| Income taxes | 67/77 | - | €1,247 | +€1,247 | |
| Profit (loss) for the period | 9904 | -€831 | -€179 | +€652 | +78.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€831 | -€179 | +€652 | +78.5% |
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 15 October 2026 via checked.be.