FINSTRATEGY: 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.
FINSTRATEGY
Largest movements
- Cash -€12,279
down €12,279 (-84.5%), from €14,535 to €2,256
mainly Contributions, distributions and other (-€37,698) and Debts after one year (-€5,055)
- Tangible fixed assets -€5,037
down €5,037 (-5.1%), from €99,009 to €93,972
of which Land and buildings: -€2,711
- Reserves -€14,902
down €14,902 (-6.3%), from €235,601 to €220,699
- Debts after one year -€5,055
down €5,055 (-12.0%), from €42,177 to €37,122
- Financial income -€1,739
down €1,739 (-17.3%), from €10,071 to €8,332
- Financial charges -€720
down €720 (-15.1%), from €4,757 to €4,036
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 | €296,931 | €279,382 | -€17,549 | -5.9% |
| Fixed assets | 21/28 | €99,069 | €94,032 | -€5,037 | -5.1% |
| Tangible fixed assets | 22/27 | €99,009 | €93,972 | -€5,037 | -5.1% |
| Land and buildings | 22 | €84,589 | €81,878 | -€2,711 | -3.2% |
| Furniture and vehicles | 24 | €14,419 | €12,094 | -€2,325 | -16.1% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €197,862 | €185,350 | -€12,512 | -6.3% |
| Amounts receivable within one year | 40/41 | €174,081 | €174,040 | -€41 | 0.0% |
| Trade receivables | 40 | - | €19,763 | +€19,763 | |
| Other amounts receivable | 41 | €174,081 | €154,277 | -€19,804 | -11.4% |
| Cash at bank and in hand | 54/58 | €14,535 | €2,256 | -€12,279 | -84.5% |
| Deferred charges and accrued income | 490/1 | €9,246 | €9,054 | -€192 | -2.1% |
| Total equity and liabilities | 10/49 | €296,931 | €279,382 | -€17,549 | -5.9% |
| Equity | 10/15 | €241,801 | €226,899 | -€14,902 | -6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €235,601 | €220,699 | -€14,902 | -6.3% |
| Distributable reserves | 133 | €235,601 | €220,699 | -€14,902 | -6.3% |
| Amounts payable | 17/49 | €55,130 | €52,483 | -€2,647 | -4.8% |
| Amounts payable after more than one year | 17 | €42,177 | €37,122 | -€5,055 | -12.0% |
| Financial debts | 170/4 | €42,177 | €37,122 | -€5,055 | -12.0% |
| Amounts payable within one year | 42/48 | €12,954 | €15,361 | +€2,408 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | €6,118 | €5,060 | -€1,058 | -17.3% |
| Trade debts | 44 | €1,762 | €2,428 | +€666 | +37.8% |
| Suppliers | 440/4 | €1,762 | €2,428 | +€666 | +37.8% |
| Taxes, remuneration and social security | 45 | €5,073 | €7,874 | +€2,801 | +55.2% |
| Taxes | 450/3 | €5,073 | €7,874 | +€2,801 | +55.2% |
| Remuneration, social security and pensions | 62 | €180 | €98 | -€82 | -45.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,911 | €5,037 | +€126 | +2.6% |
| Other operating charges | 640/8 | €839 | €855 | +€16 | +1.8% |
| Non-recurring operating charges | 66A | €202 | €678 | +€476 | +235.4% |
| Gross operating margin | 9900 | €34,897 | €35,032 | +€135 | +0.4% |
| Operating profit (loss) | 9901 | €28,765 | €28,365 | -€400 | -1.4% |
| Financial income | 75/76B | €10,071 | €8,332 | -€1,739 | -17.3% |
| Recurring financial income | 75 | €10,071 | €8,332 | -€1,739 | -17.3% |
| Financial charges | 65/66B | €4,757 | €4,036 | -€720 | -15.1% |
| Recurring financial charges | 65 | €4,757 | €4,036 | -€720 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | €34,080 | €32,661 | -€1,419 | -4.2% |
| Income taxes | 67/77 | €9,927 | €9,865 | -€62 | -0.6% |
| Profit (loss) for the period | 9904 | €24,152 | €22,796 | -€1,356 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,152 | €22,796 | -€1,356 | -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 7 October 2026 via checked.be.