FINTRABEL: 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.
FINTRABEL
Largest movements
- Receivables within one year +€25,556
up €25,556 (+25.3%), from €101,026 to €126,582
of which Trade receivables: +€16,731
- Tangible fixed assets +€11,283
new in 2025: €11,283
of which Plant, machinery and equipment: +€6,627
- Stocks and contracts +€10,561
new in 2025: €10,561
- Cash +€4,454
up €4,454 (+398.8%), from €1,117 to €5,571
mainly Other debts (+€47,148) and Trade debts (+€9,819)
- Other debts +€47,148
up €47,148 (+9.1%), from €516,542 to €563,690
- Trade debts +€9,819
up €9,819 (+158.1%), from €6,211 to €16,030
- Profit (loss) carried forward -€5,239
down €5,239 (-1.2%), from -€439,210 to -€444,449
- Depreciation -€27,292
down €27,292 (-96.7%), from €28,236 to €944
- Gross operating margin +€20,343
up €20,343, from -€18,532 to €1,811
- Other operating charges +€5,294
up €5,294 (+1130.3%), from €468 to €5,762
- Financial income -€420
no longer reported in 2025 (was €420)
- Financial charges +€245
up €245 (+245.6%), from €100 to €345
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 | €102,143 | €153,997 | +€51,855 | +50.8% |
| Fixed assets | 21/28 | - | €11,283 | +€11,283 | |
| Tangible fixed assets | 22/27 | - | €11,283 | +€11,283 | |
| Plant, machinery and equipment | 23 | - | €6,627 | +€6,627 | |
| Furniture and vehicles | 24 | - | €4,656 | +€4,656 | |
| Current assets | 29/58 | €102,143 | €142,714 | +€40,572 | +39.7% |
| Stocks and contracts in progress | 3 | - | €10,561 | +€10,561 | |
| Stocks | 30/36 | - | €10,561 | +€10,561 | |
| Amounts receivable within one year | 40/41 | €101,026 | €126,582 | +€25,556 | +25.3% |
| Trade receivables | 40 | €101,010 | €117,741 | +€16,731 | +16.6% |
| Other amounts receivable | 41 | €16 | €8,841 | +€8,825 | +56031.0% |
| Cash at bank and in hand | 54/58 | €1,117 | €5,571 | +€4,454 | +398.8% |
| Total equity and liabilities | 10/49 | €102,143 | €153,997 | +€51,855 | +50.8% |
| Equity | 10/15 | -€420,610 | -€425,849 | -€5,239 | -1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | -€439,210 | -€444,449 | -€5,239 | -1.2% |
| Amounts payable | 17/49 | €522,753 | €579,847 | +€57,094 | +10.9% |
| Amounts payable within one year | 42/48 | €522,753 | €579,847 | +€57,094 | +10.9% |
| Trade debts | 44 | €6,211 | €16,030 | +€9,819 | +158.1% |
| Suppliers | 440/4 | €6,211 | €16,030 | +€9,819 | +158.1% |
| Taxes, remuneration and social security | 45 | - | €126 | +€126 | |
| Taxes | 450/3 | - | €126 | +€126 | |
| Other amounts payable | 47/48 | €516,542 | €563,690 | +€47,148 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,236 | €944 | -€27,292 | -96.7% |
| Other operating charges | 640/8 | €468 | €5,762 | +€5,294 | +1130.3% |
| Gross operating margin | 9900 | -€18,532 | €1,811 | +€20,343 | |
| Operating profit (loss) | 9901 | -€47,236 | -€4,895 | +€42,341 | +89.6% |
| Financial income | 75/76B | €420 | - | -€420 | |
| Recurring financial income | 75 | €420 | - | -€420 | |
| Financial charges | 65/66B | €100 | €345 | +€245 | +245.6% |
| Recurring financial charges | 65 | €100 | €345 | +€245 | +245.6% |
| Profit (loss) for the period before taxes | 9903 | -€46,916 | -€5,239 | +€41,677 | +88.8% |
| Profit (loss) for the period | 9904 | -€46,916 | -€5,239 | +€41,677 | +88.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,916 | -€5,239 | +€41,677 | +88.8% |
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 4 October 2026 via checked.be.