FINSYS MANAGEMENT: 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.
FINSYS MANAGEMENT
Largest movements
- Receivables within one year +€80,079
up €80,079 (+83.5%), from €95,851 to €175,930
of which Other amounts receivable: +€82,950
- Tangible fixed assets -€53,100
down €53,100 (-13.4%), from €396,475 to €343,375
of which Land and buildings: -€31,518
- Cash -€17,861
down €17,861 (-11.5%), from €154,903 to €137,042
mainly Receivables within one year (-€80,079) and Debts after one year (-€70,896)
- Debts after one year -€70,896
down €70,896 (-15.7%), from €451,640 to €380,744
- Other debts +€66,000
up €66,000 (+220%), from €30,000 to €96,000
- Profit (loss) carried forward +€18,037
up €18,037 (+5.4%), from €333,473 to €351,510
- Gross operating margin -€17,686
down €17,686 (-8.6%), from €206,333 to €188,647
- Taxes +€4,303
up €4,303 (+13.5%), from €31,923 to €36,226
- Financial income +€3,435
up €3,435 (+123%), from €2,783 to €6,218
- Depreciation +€2,723
up €2,723 (+5.4%), from €50,377 to €53,100
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €956,832 | €965,014 | +€8,182 | +0.9% |
| Fixed assets | 21/28 | €677,675 | €624,575 | -€53,100 | -7.8% |
| Tangible fixed assets | 22/27 | €396,475 | €343,375 | -€53,100 | -13.4% |
| Land and buildings | 22 | €333,678 | €302,160 | -€31,518 | -9.4% |
| Furniture and vehicles | 24 | €62,797 | €41,215 | -€21,582 | -34.4% |
| Financial fixed assets | 28 | €281,200 | €281,200 | = | 0.0% |
| Current assets | 29/58 | €279,157 | €340,439 | +€61,283 | +22.0% |
| Amounts receivable within one year | 40/41 | €95,851 | €175,930 | +€80,079 | +83.5% |
| Trade receivables | 40 | €10,061 | €7,190 | -€2,871 | -28.5% |
| Other amounts receivable | 41 | €85,790 | €168,739 | +€82,950 | +96.7% |
| Current investments | 50/53 | €17,755 | €17,755 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €154,903 | €137,042 | -€17,861 | -11.5% |
| Deferred charges and accrued income | 490/1 | €10,648 | €9,713 | -€935 | -8.8% |
| Total equity and liabilities | 10/49 | €956,832 | €965,014 | +€8,182 | +0.9% |
| Equity | 10/15 | €353,878 | €371,915 | +€18,037 | +5.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €333,473 | €351,510 | +€18,037 | +5.4% |
| Amounts payable | 17/49 | €602,953 | €593,099 | -€9,855 | -1.6% |
| Amounts payable after more than one year | 17 | €451,640 | €380,744 | -€70,896 | -15.7% |
| Financial debts | 170/4 | €451,640 | €380,744 | -€70,896 | -15.7% |
| Amounts payable within one year | 42/48 | €151,029 | €212,355 | +€61,326 | +40.6% |
| Current portion of amounts payable after more than one year | 42 | €69,105 | €70,896 | +€1,792 | +2.6% |
| Trade debts | 44 | €16,319 | €18,719 | +€2,400 | +14.7% |
| Suppliers | 440/4 | €16,319 | €18,719 | +€2,400 | +14.7% |
| Taxes, remuneration and social security | 45 | €35,606 | €26,740 | -€8,866 | -24.9% |
| Taxes | 450/3 | €19,727 | €26,740 | +€7,012 | +35.5% |
| Remuneration and social security | 454/9 | €15,879 | - | -€15,879 | |
| Other amounts payable | 47/48 | €30,000 | €96,000 | +€66,000 | +220% |
| Accrued charges and deferred income | 492/3 | €284 | - | -€284 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,377 | €53,100 | +€2,723 | +5.4% |
| Other operating charges | 640/8 | €7,812 | €7,102 | -€710 | -9.1% |
| Gross operating margin | 9900 | €206,333 | €188,647 | -€17,686 | -8.6% |
| Operating profit (loss) | 9901 | €148,144 | €128,445 | -€19,699 | -13.3% |
| Financial income | 75/76B | €2,783 | €6,218 | +€3,435 | +123% |
| Recurring financial income | 75 | €2,783 | €6,218 | +€3,435 | +123% |
| Financial charges | 65/66B | €15,593 | €14,399 | -€1,194 | -7.7% |
| Recurring financial charges | 65 | €15,593 | €14,399 | -€1,194 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €135,334 | €120,264 | -€15,070 | -11.1% |
| Income taxes | 67/77 | €31,923 | €36,226 | +€4,303 | +13.5% |
| Profit (loss) for the period | 9904 | €103,411 | €84,037 | -€19,374 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €103,411 | €84,037 | -€19,374 | -18.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.