FinSource: 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.
What changed
FinSource
NACE 62.200, Computer consultancy and computer facilities management
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€50,987
2024 · €72,855-€21,868
Equity
€565,208
2024 · €514,222+€50,987
Cash
€13,734
2024 · €13,894-€160
Balance sheet total
€1.3m
2024 · €1.5m-€126,621
Largest movements
Assets
- Receivables within one year -€115,187
down €115,187 (-8.1%), from €1.4m to €1.3m
of which Trade receivables: -€163,031
Equity and liabilities
- Trade debts -€136,731
down €136,731 (-18.6%), from €733,304 to €596,573
- Reserves +€51,000
up €51,000 (+11.3%), from €452,180 to €503,180
of which Distributable reserves: +€105,730
- Tax, wage and social debts -€41,203
down €41,203 (-18.4%), from €224,466 to €183,263
of which Taxes: -€45,375
Income statement
- Turnover -€798,689
down €798,689 (-8.5%), from €9.4m to €8.6m
- Purchases and services -€717,010
down €717,010 (-9.2%), from €7.8m to €7.1m
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.
Result 2024
€72,855
Gross operating margin
-€80,432
Staff costs
+€43,063
Depreciation
+€4,337
Write-downs
-€326
Other operating charges
+€1,236
Financial income
-€960
Financial charges
+€5,911
Taxes
+€5,303
Result 2025
€50,987
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.
From operations
+€1,010
Investment
-€1,170
Financing
€0
Cash 2024
€13,894
From operations (derived)
+€1,010
Net result for the year
+€50,987
Depreciation
+€10,477
Receivables within one year
+€115,187
Deferred charges and accrued income
+€1,967
Provisions
+€326
Trade debts
-€136,731
Tax, wage and social debts
-€41,203
Investment (derived)
-€1,170
Investment in fixed assets (net)
-€1,170
Cash 2025
€13,734
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,471,992 | €1,345,370 | -€126,621 | -8.6% |
| Fixed assets | 21/28 | €20,762 | €11,456 | -€9,307 | -44.8% |
| Tangible fixed assets | 22/27 | €19,762 | €11,456 | -€8,307 | -42.0% |
| Plant, machinery and equipment | 23 | €16,947 | €9,433 | -€7,514 | -44.3% |
| Furniture and vehicles | 24 | €2,815 | €2,022 | -€793 | -28.2% |
| Financial fixed assets | 28 | €1,000 | - | -€1,000 | |
| Current assets | 29/58 | €1,451,229 | €1,333,915 | -€117,315 | -8.1% |
| Amounts receivable within one year | 40/41 | €1,416,920 | €1,301,733 | -€115,187 | -8.1% |
| Trade receivables | 40 | €916,717 | €753,686 | -€163,031 | -17.8% |
| Other amounts receivable | 41 | €500,204 | €548,048 | +€47,844 | +9.6% |
| Cash at bank and in hand | 54/58 | €13,894 | €13,734 | -€160 | -1.2% |
| Deferred charges and accrued income | 490/1 | €20,415 | €18,447 | -€1,967 | -9.6% |
| Total equity and liabilities | 10/49 | €1,471,992 | €1,345,370 | -€126,621 | -8.6% |
| Equity | 10/15 | €514,222 | €565,208 | +€50,987 | +9.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €452,180 | €503,180 | +€51,000 | +11.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €159,980 | €105,250 | -€54,730 | -34.2% |
| Distributable reserves | 133 | €286,000 | €391,730 | +€105,730 | +37.0% |
| Profit (loss) carried forward | 14 | €42 | €28 | -€13 | -32.2% |
| Provisions and deferred taxes | 16 | - | €326 | +€326 | |
| Provisions for liabilities and charges | 160/5 | - | €326 | +€326 | |
| Pensions and similar obligations | 160 | - | €326 | +€326 | |
| Amounts payable | 17/49 | €957,770 | €779,836 | -€177,934 | -18.6% |
| Amounts payable within one year | 42/48 | €957,770 | €779,836 | -€177,934 | -18.6% |
| Trade debts | 44 | €733,304 | €596,573 | -€136,731 | -18.6% |
| Suppliers | 440/4 | €733,304 | €596,573 | -€136,731 | -18.6% |
| Taxes, remuneration and social security | 45 | €224,466 | €183,263 | -€41,203 | -18.4% |
| Taxes | 450/3 | €76,461 | €31,085 | -€45,375 | -59.3% |
| Remuneration and social security | 454/9 | €148,005 | €152,178 | +€4,173 | +2.8% |
| Turnover | 70 | €9,353,367 | €8,554,678 | -€798,689 | -8.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €7,832,374 | €7,115,364 | -€717,010 | -9.2% |
| Remuneration, social security and pensions | 62 | €1,365,774 | €1,322,710 | -€43,063 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,813 | €10,477 | -€4,337 | -29.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €326 | +€326 | |
| Other operating charges | 640/8 | €7,646 | €6,410 | -€1,236 | -16.2% |
| Non-recurring operating charges | 66A | - | €0 | +€0 | |
| Gross operating margin | 9900 | €1,529,546 | €1,449,114 | -€80,432 | -5.3% |
| Operating profit (loss) | 9901 | €141,314 | €109,191 | -€32,123 | -22.7% |
| Financial income | 75/76B | €5,373 | €4,414 | -€960 | -17.9% |
| Recurring financial income | 75 | €5,373 | €4,414 | -€960 | -17.9% |
| Financial charges | 65/66B | €41,786 | €35,875 | -€5,911 | -14.1% |
| Recurring financial charges | 65 | €41,786 | €35,875 | -€5,911 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €104,901 | €77,730 | -€27,171 | -25.9% |
| Income taxes | 67/77 | €32,046 | €26,743 | -€5,303 | -16.5% |
| Profit (loss) for the period | 9904 | €72,855 | €50,987 | -€21,868 | -30.0% |
| Transfer from tax-exempt reserves | 789 | - | €54,730 | +€54,730 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,855 | €105,717 | +€32,862 | +45.1% |
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.