FINTECH - INTERNATIONAL: 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.
FINTECH - INTERNATIONAL
Largest movements
- Receivables within one year +€1.7m
up €1.7m (+85,125%), from €1,976 to €1.7m
- Tangible fixed assets +€248,301
up €248,301 (+184%), from €134,811 to €383,112
of which Land and buildings: +€353,483
- Cash -€32,636
down €32,636 (-60.4%), from €54,051 to €21,414
mainly Receivables within one year (-€1.7m) and Investment in fixed assets (net) (-€257,989)
- Debts after one year +€1.4m
up €1.4m (+14,202%), from €9,649 to €1.4m
of which Financial debts: +€1.4m
- Reserves +€390,674
up €390,674 (+332%), from €117,643 to €508,317
of which Tax-exempt reserves: +€364,665
- Provisions +€121,555
new in 2025: €121,555
- Gross operating margin +€488,811
up €488,811 (+1,732%), from €28,230 to €517,040
- Financial income +€40,742
up €40,742 (+896%), from €4,546 to €45,288
- Other operating charges -€33,787
down €33,787 (-82.9%), from €40,740 to €6,953
- Depreciation -€30,002
down €30,002 (-74.8%), from €40,111 to €10,109
- Financial charges +€28,301
up €28,301 (+598%), from €4,736 to €33,037
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.
Derived cash bridge
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 | €197,874 | €2,090,542 | +€1.9m | +957% |
| Fixed assets | 21/28 | €137,202 | €385,082 | +€247,881 | +181% |
| Tangible fixed assets | 22/27 | €134,811 | €383,112 | +€248,301 | +184% |
| Land and buildings | 22 | €29,628 | €383,112 | +€353,483 | +1,193% |
| Plant, machinery and equipment | 23 | €2,797 | - | -€2,797 | |
| Other tangible fixed assets | 26 | €102,386 | - | -€102,386 | |
| Financial fixed assets | 28 | €2,391 | €1,971 | -€420 | -17.6% |
| Current assets | 29/58 | €60,672 | €1,705,459 | +€1.6m | +2,711% |
| Amounts receivable within one year | 40/41 | €1,976 | €1,684,045 | +€1.7m | +85,125% |
| Other amounts receivable | 41 | €1,976 | €1,684,045 | +€1.7m | +85,125% |
| Cash at bank and in hand | 54/58 | €54,051 | €21,414 | -€32,636 | -60.4% |
| Deferred charges and accrued income | 490/1 | €4,646 | - | -€4,646 | |
| Total equity and liabilities | 10/49 | €197,874 | €2,090,542 | +€1.9m | +957% |
| Equity | 10/15 | €179,643 | €570,317 | +€390,674 | +217% |
| 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 | €117,643 | €508,317 | +€390,674 | +332% |
| Non-distributable reserves | 130/1 | €14,354 | €14,354 | = | 0.0% |
| Legal reserve | 130 | €14,354 | €14,354 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €364,665 | +€364,665 | |
| Distributable reserves | 133 | €103,290 | €129,298 | +€26,008 | +25.2% |
| Provisions and deferred taxes | 16 | - | €121,555 | +€121,555 | |
| Deferred taxes | 168 | - | €121,555 | +€121,555 | |
| Amounts payable | 17/49 | €18,230 | €1,398,669 | +€1.4m | +7,572% |
| Amounts payable after more than one year | 17 | €9,649 | €1,380,000 | +€1.4m | +14,202% |
| Financial debts | 170/4 | - | €1,380,000 | +€1.4m | |
| Other amounts payable | 178/9 | €9,649 | - | -€9,649 | |
| Amounts payable within one year | 42/48 | €7,381 | €18,669 | +€11,288 | +153% |
| Trade debts | 44 | €7,381 | €4,533 | -€2,849 | -38.6% |
| Suppliers | 440/4 | €7,381 | €4,533 | -€2,849 | -38.6% |
| Advances received on contracts in progress | 46 | - | €2,907 | +€2,907 | |
| Other amounts payable | 47/48 | - | €11,230 | +€11,230 | |
| Accrued charges and deferred income | 492/3 | €1,200 | - | -€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,111 | €10,109 | -€30,002 | -74.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€20,000 | €0 | +€20,000 | |
| Other operating charges | 640/8 | €40,740 | €6,953 | -€33,787 | -82.9% |
| Non-recurring operating charges | 66A | €5,800 | - | -€5,800 | |
| Gross operating margin | 9900 | €28,230 | €517,040 | +€488,811 | +1,732% |
| Operating profit (loss) | 9901 | -€38,422 | €499,978 | +€538,400 | |
| Financial income | 75/76B | €4,546 | €45,288 | +€40,742 | +896% |
| Recurring financial income | 75 | €4,546 | €45,288 | +€40,742 | +896% |
| Financial charges | 65/66B | €4,736 | €33,037 | +€28,301 | +598% |
| Recurring financial charges | 65 | €4,736 | €33,037 | +€28,301 | +598% |
| Profit (loss) for the period before taxes | 9903 | -€38,611 | €512,229 | +€550,840 | |
| Transfer to deferred taxes | 680 | - | €121,555 | +€121,555 | |
| Income taxes | 67/77 | -€96 | - | +€96 | |
| Profit (loss) for the period | 9904 | -€38,516 | €390,674 | +€429,189 | |
| Transfer to tax-exempt reserves | 689 | - | €364,665 | +€364,665 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,516 | €26,008 | +€64,524 |
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 23 October 2026 via checked.be.