FINSERCO: what changed
Two fiscal 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.
FINSERCO
Largest movements
- Receivables within one year -€157,602
down €157,602 (-35.7%), from €441,278 to €283,675
of which Other amounts receivable: -€117,198
- Cash +€98,554
up €98,554 (+48.0%), from €205,415 to €303,969
mainly Net result for the year (+€419,918) and Receivables within one year (+€157,602)
- Tangible fixed assets +€21,616
up €21,616 (+123.2%), from €17,546 to €39,163
of which Furniture and vehicles: +€16,598
- Tax, wage and social debts -€138,553
down €138,553 (-52.2%), from €265,338 to €126,785
- Accrued charges and deferred income +€129,675
up €129,675 (+4525.1%), from €2,866 to €132,541
- Other debts -€29,595
down €29,595 (-7.5%), from €394,995 to €365,400
- Financial income -€15,509
no longer reported in 2025 (was €15,509)
- Gross operating margin -€10,579
down €10,579 (-1.8%), from €579,654 to €569,075
- Taxes -€8,394
down €8,394 (-5.8%), from €144,726 to €136,332
- Depreciation +€6,839
up €6,839 (+165.0%), from €4,145 to €10,984
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.
Cash bridge derived
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 | €666,321 | €627,958 | -€38,363 | -5.8% |
| Fixed assets | 21/28 | €17,546 | €39,163 | +€21,616 | +123.2% |
| Tangible fixed assets | 22/27 | €17,546 | €39,163 | +€21,616 | +123.2% |
| Plant, machinery and equipment | 23 | €2,400 | €3,417 | +€1,017 | +42.4% |
| Furniture and vehicles | 24 | €1,469 | €18,067 | +€16,598 | +1129.9% |
| Other tangible fixed assets | 26 | €13,677 | €17,679 | +€4,002 | +29.3% |
| Current assets | 29/58 | €648,775 | €588,795 | -€59,979 | -9.2% |
| Amounts receivable within one year | 40/41 | €441,278 | €283,675 | -€157,602 | -35.7% |
| Trade receivables | 40 | €250,138 | €209,733 | -€40,404 | -16.2% |
| Other amounts receivable | 41 | €191,140 | €73,942 | -€117,198 | -61.3% |
| Cash at bank and in hand | 54/58 | €205,415 | €303,969 | +€98,554 | +48.0% |
| Deferred charges and accrued income | 490/1 | €2,082 | €1,151 | -€931 | -44.7% |
| Total equity and liabilities | 10/49 | €666,321 | €627,958 | -€38,363 | -5.8% |
| Equity | 10/15 | €1,000 | €1,000 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable | 17/49 | €665,321 | €626,958 | -€38,363 | -5.8% |
| Amounts payable within one year | 42/48 | €662,455 | €494,417 | -€168,038 | -25.4% |
| Trade debts | 44 | €2,122 | €2,232 | +€110 | +5.2% |
| Suppliers | 440/4 | €2,122 | €2,232 | +€110 | +5.2% |
| Taxes, remuneration and social security | 45 | €265,338 | €126,785 | -€138,553 | -52.2% |
| Taxes | 450/3 | €265,338 | €126,785 | -€138,553 | -52.2% |
| Other amounts payable | 47/48 | €394,995 | €365,400 | -€29,595 | -7.5% |
| Accrued charges and deferred income | 492/3 | €2,866 | €132,541 | +€129,675 | +4525.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,145 | €10,984 | +€6,839 | +165.0% |
| Other operating charges | 640/8 | €1,287 | €1,673 | +€386 | +30.0% |
| Gross operating margin | 9900 | €579,654 | €569,075 | -€10,579 | -1.8% |
| Operating profit (loss) | 9901 | €574,223 | €556,418 | -€17,804 | -3.1% |
| Financial income | 75/76B | €15,509 | - | -€15,509 | |
| Recurring financial income | 75 | €15,509 | - | -€15,509 | |
| Financial charges | 65/66B | €270 | €169 | -€101 | -37.5% |
| Recurring financial charges | 65 | €270 | €169 | -€101 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | €589,462 | €556,250 | -€33,212 | -5.6% |
| Income taxes | 67/77 | €144,726 | €136,332 | -€8,394 | -5.8% |
| Profit (loss) for the period | 9904 | €444,736 | €419,918 | -€24,818 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €444,736 | €419,918 | -€24,818 | -5.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.