FINSOLA: 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.
FINSOLA
Largest movements
- Tangible fixed assets +€271,716
up €271,716 (+1480.6%), from €18,351 to €290,067
of which Land and buildings: +€270,671
- Receivables within one year +€80,493
up €80,493 (+36.2%), from €222,350 to €302,843
of which Other amounts receivable: +€119,091
- Receivables after one year -€40,990
down €40,990 (-53.9%), from €75,990 to €35,000
- Deferred charges and accrued income +€10,952
up €10,952 (+848.2%), from €1,291 to €12,243
- Debts after one year +€206,227
up €206,227 (+1739.7%), from €11,854 to €218,081
- Other debts +€167,622
up €167,622 (+481.2%), from €34,831 to €202,453
- Current portion of long-term debt -€71,568
down €71,568 (-74.5%), from €96,112 to €24,544
- Accrued charges and deferred income +€14,722
new in 2025: €14,722
- Reserves +€14,595
up €14,595 (+4.0%), from €366,069 to €380,664
- Gross operating margin +€24,674
up €24,674 (+263.2%), from €9,376 to €34,050
- Financial income +€15,914
up €15,914 (+450.4%), from €3,533 to €19,447
of which Financial income: +€15,914
- Financial charges +€14,189
up €14,189 (+130.1%), from €10,906 to €25,096
- Depreciation +€7,990
up €7,990 (+321.6%), from €2,485 to €10,475
- Taxes +€2,095
up €2,095 (+1551.8%), from €135 to €2,230
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 | €547,968 | €865,624 | +€317,656 | +58.0% |
| Fixed assets | 21/28 | €173,351 | €445,067 | +€271,716 | +156.7% |
| Tangible fixed assets | 22/27 | €18,351 | €290,067 | +€271,716 | +1480.6% |
| Land and buildings | 22 | €18,351 | €289,022 | +€270,671 | +1474.9% |
| Furniture and vehicles | 24 | €0 | €1,045 | +€1,045 | |
| Financial fixed assets | 28 | €155,000 | €155,000 | = | 0.0% |
| Current assets | 29/58 | €374,616 | €420,557 | +€45,940 | +12.3% |
| Amounts receivable after more than one year | 29 | €75,990 | €35,000 | -€40,990 | -53.9% |
| Other amounts receivable | 291 | €75,990 | €35,000 | -€40,990 | -53.9% |
| Amounts receivable within one year | 40/41 | €222,350 | €302,843 | +€80,493 | +36.2% |
| Trade receivables | 40 | €40,414 | €1,815 | -€38,598 | -95.5% |
| Other amounts receivable | 41 | €181,936 | €301,027 | +€119,091 | +65.5% |
| Current investments | 50/53 | €66,602 | €66,581 | -€21 | 0.0% |
| Cash at bank and in hand | 54/58 | €8,384 | €3,890 | -€4,493 | -53.6% |
| Deferred charges and accrued income | 490/1 | €1,291 | €12,243 | +€10,952 | +848.2% |
| Total equity and liabilities | 10/49 | €547,968 | €865,624 | +€317,656 | +58.0% |
| Equity | 10/15 | €372,269 | €386,864 | +€14,595 | +3.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €366,069 | €380,664 | +€14,595 | +4.0% |
| Distributable reserves | 133 | €366,069 | €380,664 | +€14,595 | +4.0% |
| Amounts payable | 17/49 | €175,698 | €478,759 | +€303,061 | +172.5% |
| Amounts payable after more than one year | 17 | €11,854 | €218,081 | +€206,227 | +1739.7% |
| Financial debts | 170/4 | €11,854 | €218,081 | +€206,227 | +1739.7% |
| Amounts payable within one year | 42/48 | €163,844 | €245,956 | +€82,112 | +50.1% |
| Current portion of amounts payable after more than one year | 42 | €96,112 | €24,544 | -€71,568 | -74.5% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €17,700 | €9,713 | -€7,987 | -45.1% |
| Suppliers | 440/4 | €17,700 | €9,713 | -€7,987 | -45.1% |
| Taxes, remuneration and social security | 45 | €15,201 | €9,246 | -€5,954 | -39.2% |
| Taxes | 450/3 | €15,201 | €9,246 | -€5,954 | -39.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €34,831 | €202,453 | +€167,622 | +481.2% |
| Accrued charges and deferred income | 492/3 | - | €14,722 | +€14,722 | |
| Remuneration, social security and pensions | 62 | - | €178 | +€178 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,485 | €10,475 | +€7,990 | +321.6% |
| Other operating charges | 640/8 | €1,623 | €922 | -€701 | -43.2% |
| Non-recurring operating charges | 66A | €7,889 | €0 | -€7,889 | -100.0% |
| Gross operating margin | 9900 | €9,376 | €34,050 | +€24,674 | +263.2% |
| Operating profit (loss) | 9901 | -€2,621 | €22,475 | +€25,096 | |
| Financial income | 75/76B | €3,533 | €19,447 | +€15,914 | +450.4% |
| Recurring financial income | 75 | €3,533 | €19,447 | +€15,914 | +450.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €10,906 | €25,096 | +€14,189 | +130.1% |
| Recurring financial charges | 65 | €10,906 | €25,096 | +€14,189 | +130.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,994 | €16,826 | +€26,820 | |
| Income taxes | 67/77 | €135 | €2,230 | +€2,095 | +1551.8% |
| Profit (loss) for the period | 9904 | -€10,129 | €14,595 | +€24,725 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,129 | €14,595 | +€24,725 |
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 12 October 2026 via checked.be.