Finso: 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.
Finso
Largest movements
- Receivables within one year -€31,572
down €31,572 (-31.4%), from €100,393 to €68,820
of which Trade receivables: -€35,251
- Cash -€10,832
down €10,832 (-94.3%), from €11,487 to €655
mainly Investment in fixed assets (net) (-€30,550) and Trade debts (-€23,803)
- Tangible fixed assets +€8,015
up €8,015 (+10.4%), from €76,912 to €84,927
of which Other tangible fixed assets: +€14,486
- Trade debts -€23,803
down €23,803 (-89.2%), from €26,676 to €2,873
- Tax, wage and social debts -€11,954
down €11,954 (-26.0%), from €45,970 to €34,016
of which Taxes: -€21,072
- Other debts +€10,799
up €10,799 (+66.8%), from €16,171 to €26,970
- Debts after one year -€10,213
down €10,213 (-22.8%), from €44,701 to €34,487
- Gross operating margin -€33,924
down €33,924 (-49.2%), from €69,002 to €35,079
- Taxes -€12,051
down €12,051 (-72.8%), from €16,564 to €4,513
- Depreciation +€3,320
up €3,320 (+16.5%), from €20,063 to €23,382
- Other operating charges +€3,102
up €3,102 (+129.6%), from €2,393 to €5,495
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 | €211,448 | €175,928 | -€35,520 | -16.8% |
| Fixed assets | 21/28 | €98,814 | €105,982 | +€7,168 | +7.3% |
| Intangible fixed assets | 21 | €902 | €55 | -€847 | -93.9% |
| Tangible fixed assets | 22/27 | €76,912 | €84,927 | +€8,015 | +10.4% |
| Plant, machinery and equipment | 23 | €7,685 | €5,948 | -€1,737 | -22.6% |
| Furniture and vehicles | 24 | €9,367 | €4,634 | -€4,733 | -50.5% |
| Other tangible fixed assets | 26 | €59,860 | €74,346 | +€14,486 | +24.2% |
| Financial fixed assets | 28 | €21,000 | €21,000 | = | 0.0% |
| Current assets | 29/58 | €112,634 | €69,946 | -€42,687 | -37.9% |
| Amounts receivable within one year | 40/41 | €100,393 | €68,820 | -€31,572 | -31.4% |
| Trade receivables | 40 | €54,573 | €19,322 | -€35,251 | -64.6% |
| Other amounts receivable | 41 | €45,820 | €49,499 | +€3,679 | +8.0% |
| Cash at bank and in hand | 54/58 | €11,487 | €655 | -€10,832 | -94.3% |
| Deferred charges and accrued income | 490/1 | €754 | €471 | -€283 | -37.5% |
| Total equity and liabilities | 10/49 | €211,448 | €175,928 | -€35,520 | -16.8% |
| Equity | 10/15 | €67,068 | €66,968 | -€100 | -0.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €60,868 | €60,868 | = | 0.0% |
| Distributable reserves | 133 | €60,868 | €60,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€100 | -€100 | |
| Amounts payable | 17/49 | €144,380 | €108,960 | -€35,420 | -24.5% |
| Amounts payable after more than one year | 17 | €44,701 | €34,487 | -€10,213 | -22.8% |
| Financial debts | 170/4 | €44,701 | €34,487 | -€10,213 | -22.8% |
| Amounts payable within one year | 42/48 | €99,679 | €74,473 | -€25,206 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €10,032 | €10,213 | +€182 | +1.8% |
| Trade debts | 44 | €26,676 | €2,873 | -€23,803 | -89.2% |
| Suppliers | 440/4 | €26,676 | €2,873 | -€23,803 | -89.2% |
| Advances received on contracts in progress | 46 | €830 | €400 | -€430 | -51.8% |
| Taxes, remuneration and social security | 45 | €45,970 | €34,016 | -€11,954 | -26.0% |
| Taxes | 450/3 | €45,970 | €24,898 | -€21,072 | -45.8% |
| Remuneration and social security | 454/9 | €0 | €9,118 | +€9,118 | |
| Other amounts payable | 47/48 | €16,171 | €26,970 | +€10,799 | +66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,063 | €23,382 | +€3,320 | +16.5% |
| Other operating charges | 640/8 | €2,393 | €5,495 | +€3,102 | +129.6% |
| Gross operating margin | 9900 | €69,002 | €35,079 | -€33,924 | -49.2% |
| Operating profit (loss) | 9901 | €46,546 | €6,201 | -€40,345 | -86.7% |
| Financial income | 75/76B | €1,527 | €1,759 | +€231 | +15.2% |
| Recurring financial income | 75 | €1,527 | €1,759 | +€231 | +15.2% |
| Financial charges | 65/66B | €3,210 | €3,547 | +€337 | +10.5% |
| Recurring financial charges | 65 | €3,210 | €3,547 | +€337 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €44,863 | €4,413 | -€40,450 | -90.2% |
| Income taxes | 67/77 | €16,564 | €4,513 | -€12,051 | -72.8% |
| Profit (loss) for the period | 9904 | €28,299 | -€100 | -€28,399 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,299 | -€100 | -€28,399 |
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 10 October 2026 via checked.be.