FINVA: 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.
FINVA
Largest movements
- Receivables within one year -€36,446
down €36,446 (-31.4%), from €116,148 to €79,702
of which Trade receivables: -€31,933
- Tangible fixed assets -€12,423
down €12,423 (-29.1%), from €42,639 to €30,216
of which Furniture and vehicles: -€11,728
- Intangible fixed assets -€7,500
down €7,500 (-20.0%), from €37,500 to €30,000
- Trade debts -€87,647
down €87,647 (-70.2%), from €124,939 to €37,292
- Other debts +€39,878
new in 2025: €39,878
- Debts after one year +€11,515
up €11,515 (+42.1%), from €27,380 to €38,895
- Short-term financial debts -€11,347
no longer reported in 2025 (was €11,347)
of which Credit institutions: -€8,470
- Current portion of long-term debt -€7,975
down €7,975 (-20.3%), from €39,277 to €31,302
- Gross operating margin +€95,159
up €95,159 (+40.9%), from €232,379 to €327,537
- Staff costs +€92,527
up €92,527 (+45.1%), from €204,995 to €297,522
- Depreciation +€4,487
up €4,487 (+49.4%), from €9,079 to €13,566
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €406,883 | €352,461 | -€54,422 | -13.4% |
| Fixed assets | 21/28 | €285,125 | €265,202 | -€19,923 | -7.0% |
| Intangible fixed assets | 21 | €37,500 | €30,000 | -€7,500 | -20.0% |
| Tangible fixed assets | 22/27 | €42,639 | €30,216 | -€12,423 | -29.1% |
| Plant, machinery and equipment | 23 | €5,873 | €5,178 | -€695 | -11.8% |
| Furniture and vehicles | 24 | €36,766 | €25,037 | -€11,728 | -31.9% |
| Financial fixed assets | 28 | €204,986 | €204,986 | = | 0.0% |
| Current assets | 29/58 | €121,758 | €87,259 | -€34,499 | -28.3% |
| Amounts receivable within one year | 40/41 | €116,148 | €79,702 | -€36,446 | -31.4% |
| Trade receivables | 40 | €86,635 | €54,702 | -€31,933 | -36.9% |
| Other amounts receivable | 41 | €29,514 | €25,000 | -€4,514 | -15.3% |
| Deferred charges and accrued income | 490/1 | €5,610 | €7,557 | +€1,947 | +34.7% |
| Total equity and liabilities | 10/49 | €406,883 | €352,461 | -€54,422 | -13.4% |
| Equity | 10/15 | €192,795 | €194,436 | +€1,641 | +0.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,075 | €3,075 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,215 | €1,215 | = | 0.0% |
| Profit (loss) carried forward | 14 | €177,320 | €178,961 | +€1,641 | +0.9% |
| Amounts payable | 17/49 | €214,087 | €158,025 | -€56,063 | -26.2% |
| Amounts payable after more than one year | 17 | €27,380 | €38,895 | +€11,515 | +42.1% |
| Financial debts | 170/4 | €27,380 | €38,895 | +€11,515 | +42.1% |
| Amounts payable within one year | 42/48 | €186,708 | €119,130 | -€67,578 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €39,277 | €31,302 | -€7,975 | -20.3% |
| Financial debts | 43 | €11,347 | - | -€11,347 | |
| Credit institutions | 430/8 | €8,470 | - | -€8,470 | |
| Other loans | 439 | €2,878 | - | -€2,878 | |
| Trade debts | 44 | €124,939 | €37,292 | -€87,647 | -70.2% |
| Suppliers | 440/4 | €124,939 | €37,292 | -€87,647 | -70.2% |
| Taxes, remuneration and social security | 45 | €11,144 | €10,658 | -€487 | -4.4% |
| Taxes | 450/3 | - | €5,607 | +€5,607 | |
| Remuneration and social security | 454/9 | €11,144 | €5,050 | -€6,094 | -54.7% |
| Other amounts payable | 47/48 | - | €39,878 | +€39,878 | |
| Non-recurring operating income | 76A | €3,750 | - | -€3,750 | |
| Remuneration, social security and pensions | 62 | €204,995 | €297,522 | +€92,527 | +45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,079 | €13,566 | +€4,487 | +49.4% |
| Other operating charges | 640/8 | €157 | €530 | +€372 | +237% |
| Gross operating margin | 9900 | €232,379 | €327,537 | +€95,159 | +40.9% |
| Operating profit (loss) | 9901 | €18,147 | €15,920 | -€2,227 | -12.3% |
| Financial income | 75/76B | - | €110 | +€110 | |
| Recurring financial income | 75 | - | €110 | +€110 | |
| Financial charges | 65/66B | €10,055 | €8,781 | -€1,274 | -12.7% |
| Recurring financial charges | 65 | €10,055 | €8,781 | -€1,274 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €8,091 | €7,249 | -€843 | -10.4% |
| Income taxes | 67/77 | €5,486 | €5,607 | +€121 | +2.2% |
| Profit (loss) for the period | 9904 | €2,605 | €1,641 | -€964 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,605 | €1,641 | -€964 | -37.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.