FINVECO: 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.
FINVECO
Largest movements
- Current investments -€18,703
down €18,703 (-2.0%), from €912,876 to €894,173
- Profit (loss) carried forward -€25,836
down €25,836 (-49.8%), from -€51,905 to -€77,741
- Financial income +€6,748
up €6,748 (+83.7%), from €8,058 to €14,807
- Gross operating margin -€4,897
down €4,897 (-14.4%), from -€34,123 to -€39,021
- Other operating charges -€689
down €689 (-39.1%), from €1,762 to €1,073
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 | €937,621 | €911,786 | -€25,835 | -2.8% |
| Fixed assets | 21/28 | €683 | €218 | -€465 | -68.0% |
| Tangible fixed assets | 22/27 | €683 | €218 | -€465 | -68.0% |
| Furniture and vehicles | 24 | €683 | €218 | -€465 | -68.0% |
| Current assets | 29/58 | €936,938 | €911,568 | -€25,370 | -2.7% |
| Amounts receivable within one year | 40/41 | €2,228 | €3,741 | +€1,513 | +67.9% |
| Other amounts receivable | 41 | €2,228 | €3,741 | +€1,513 | +67.9% |
| Current investments | 50/53 | €912,876 | €894,173 | -€18,703 | -2.0% |
| Cash at bank and in hand | 54/58 | €21,523 | €12,740 | -€8,784 | -40.8% |
| Deferred charges and accrued income | 490/1 | €312 | €915 | +€603 | +193.6% |
| Total equity and liabilities | 10/49 | €937,621 | €911,786 | -€25,835 | -2.8% |
| Equity | 10/15 | €935,964 | €910,128 | -€25,836 | -2.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €975,469 | €975,469 | = | 0.0% |
| Distributable reserves | 133 | €975,469 | €975,469 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,905 | -€77,741 | -€25,836 | -49.8% |
| Amounts payable | 17/49 | €1,657 | €1,659 | +€2 | +0.1% |
| Amounts payable within one year | 42/48 | €1,595 | €1,659 | +€64 | +4.0% |
| Trade debts | 44 | - | €159 | +€159 | |
| Suppliers | 440/4 | - | €159 | +€159 | |
| Taxes, remuneration and social security | 45 | €1,595 | €1,500 | -€95 | -5.9% |
| Taxes | 450/3 | €1,595 | €1,500 | -€95 | -5.9% |
| Accrued charges and deferred income | 492/3 | €62 | - | -€62 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €465 | €465 | = | 0.0% |
| Other operating charges | 640/8 | €1,762 | €1,073 | -€689 | -39.1% |
| Gross operating margin | 9900 | -€34,123 | -€39,021 | -€4,897 | -14.4% |
| Operating profit (loss) | 9901 | -€36,350 | -€40,559 | -€4,209 | -11.6% |
| Financial income | 75/76B | €8,058 | €14,807 | +€6,748 | +83.7% |
| Recurring financial income | 75 | €8,058 | €14,807 | +€6,748 | +83.7% |
| Financial charges | 65/66B | €129 | €84 | -€45 | -34.6% |
| Recurring financial charges | 65 | €129 | €84 | -€45 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | -€28,421 | -€25,836 | +€2,584 | +9.1% |
| Income taxes | 67/77 | €308 | - | -€308 | |
| Profit (loss) for the period | 9904 | -€28,728 | -€25,836 | +€2,892 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,728 | -€25,836 | +€2,892 | +10.1% |
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 10 October 2026 via checked.be.