FINSETCO S.A: 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.
FINSETCO S.A
Largest movements
- Current investments -€220,500
down €220,500 (-10.5%), from €2.1m to €1.9m
- Profit (loss) carried forward -€213,230
down €213,230, from €15,423 to -€197,807
- Financial charges +€248,120
up €248,120 (+2,298%), from €10,800 to €258,920
of which Non-recurring financial charges: +€250,000
- Financial income -€11,317
down €11,317 (-14.2%), from €79,905 to €68,588
- Taxes -€8,302
down €8,302 (-40.4%), from €20,560 to €12,258
- Gross operating margin -€5,371
down €5,371 (-8,418%), from -€64 to -€5,435
- Other operating charges +€621
up €621 (+13.5%), from €4,584 to €5,205
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 | €2,137,855 | €1,912,031 | -€225,824 | -10.6% |
| Current assets | 29/58 | €2,137,855 | €1,912,031 | -€225,824 | -10.6% |
| Current investments | 50/53 | €2,095,828 | €1,875,328 | -€220,500 | -10.5% |
| Cash at bank and in hand | 54/58 | €28,099 | €35,716 | +€7,617 | +27.1% |
| Deferred charges and accrued income | 490/1 | €13,927 | €987 | -€12,940 | -92.9% |
| Total equity and liabilities | 10/49 | €2,137,855 | €1,912,031 | -€225,824 | -10.6% |
| Equity | 10/15 | €354,495 | €141,265 | -€213,230 | -60.2% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Capital | 10 | €240,000 | €240,000 | = | 0.0% |
| Issued capital | 100 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | €99,073 | €99,073 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,550 | €9,550 | = | 0.0% |
| Legal reserve | 130 | €9,550 | €9,550 | = | 0.0% |
| Distributable reserves | 133 | €89,523 | €89,523 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,423 | -€197,807 | -€213,230 | |
| Amounts payable | 17/49 | €1,783,360 | €1,770,766 | -€12,594 | -0.7% |
| Amounts payable within one year | 42/48 | €1,780,308 | €1,767,714 | -€12,594 | -0.7% |
| Taxes, remuneration and social security | 45 | €17,985 | €5,325 | -€12,659 | -70.4% |
| Taxes | 450/3 | €17,985 | €5,325 | -€12,659 | -70.4% |
| Other amounts payable | 47/48 | €1,762,323 | €1,762,389 | +€66 | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,052 | €3,052 | = | 0.0% |
| Other operating charges | 640/8 | €4,584 | €5,205 | +€621 | +13.5% |
| Gross operating margin | 9900 | -€64 | -€5,435 | -€5,371 | -8,418% |
| Operating profit (loss) | 9901 | -€4,648 | -€10,640 | -€5,992 | -129% |
| Financial income | 75/76B | €79,905 | €68,588 | -€11,317 | -14.2% |
| Recurring financial income | 75 | €79,905 | €68,588 | -€11,317 | -14.2% |
| Financial charges | 65/66B | €10,800 | €258,920 | +€248,120 | +2,298% |
| Recurring financial charges | 65 | €10,800 | €8,920 | -€1,880 | -17.4% |
| Non-recurring financial charges | 66B | - | €250,000 | +€250,000 | |
| Profit (loss) for the period before taxes | 9903 | €64,458 | -€200,972 | -€265,429 | |
| Income taxes | 67/77 | €20,560 | €12,258 | -€8,302 | -40.4% |
| Profit (loss) for the period | 9904 | €43,898 | -€213,230 | -€257,128 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,898 | -€213,230 | -€257,128 |
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 14 October 2026 via checked.be.