FINVESCO: 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.
FINVESCO
Largest movements
- Financial fixed assets -€78,948
down €78,948 (-19.8%), from €399,500 to €320,552
- Tangible fixed assets -€67,403
down €67,403 (-14.2%), from €473,283 to €405,880
of which Land and buildings: -€67,729
- Cash +€28,295
up €28,295 (+14.0%), from €201,729 to €230,024
mainly Investment in fixed assets (net) (+€76,986) and Depreciation (+€69,365)
- Receivables after one year +€16,000
new in 2024: €16,000
- Debts after one year -€75,377
down €75,377 (-11.4%), from €662,695 to €587,318
- Other debts -€39,330
down €39,330 (-62.0%), from €63,462 to €24,132
- Depreciation -€10,090
down €10,090 (-12.7%), from €79,454 to €69,365
- Gross operating margin +€7,577
up €7,577 (+11.6%), from €65,468 to €73,045
- Financial charges -€1,896
down €1,896 (-13.0%), from €14,638 to €12,741
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.
Cash bridge derived
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 | €1,091,487 | €983,820 | -€107,667 | -9.9% |
| Fixed assets | 21/28 | €872,783 | €726,432 | -€146,351 | -16.8% |
| Tangible fixed assets | 22/27 | €473,283 | €405,880 | -€67,403 | -14.2% |
| Land and buildings | 22 | €471,526 | €403,797 | -€67,729 | -14.4% |
| Plant, machinery and equipment | 23 | €1,440 | €844 | -€595 | -41.4% |
| Furniture and vehicles | 24 | €317 | €1,239 | +€922 | +290.4% |
| Financial fixed assets | 28 | €399,500 | €320,552 | -€78,948 | -19.8% |
| Current assets | 29/58 | €218,704 | €257,388 | +€38,684 | +17.7% |
| Amounts receivable after more than one year | 29 | - | €16,000 | +€16,000 | |
| Other amounts receivable | 291 | - | €16,000 | +€16,000 | |
| Amounts receivable within one year | 40/41 | €14,853 | €9,544 | -€5,309 | -35.7% |
| Trade receivables | 40 | €11,631 | €2,368 | -€9,263 | -79.6% |
| Other amounts receivable | 41 | €3,222 | €7,177 | +€3,954 | +122.7% |
| Cash at bank and in hand | 54/58 | €201,729 | €230,024 | +€28,295 | +14.0% |
| Deferred charges and accrued income | 490/1 | €2,122 | €1,820 | -€302 | -14.2% |
| Total equity and liabilities | 10/49 | €1,091,487 | €983,820 | -€107,667 | -9.9% |
| Equity | 10/15 | €260,034 | €267,054 | +€7,020 | +2.7% |
| Contributions | 10/11 | €251,860 | €251,860 | = | 0.0% |
| Reserves | 13 | €42,717 | €42,717 | = | 0.0% |
| Distributable reserves | 133 | €42,717 | €42,717 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,544 | -€27,523 | +€7,020 | +20.3% |
| Amounts payable | 17/49 | €831,453 | €716,766 | -€114,687 | -13.8% |
| Amounts payable after more than one year | 17 | €662,695 | €587,318 | -€75,377 | -11.4% |
| Financial debts | 170/4 | €662,695 | €587,318 | -€75,377 | -11.4% |
| Amounts payable within one year | 42/48 | €168,758 | €129,448 | -€39,310 | -23.3% |
| Current portion of amounts payable after more than one year | 42 | €73,845 | €75,377 | +€1,531 | +2.1% |
| Trade debts | 44 | €16,258 | €9,891 | -€6,367 | -39.2% |
| Suppliers | 440/4 | €16,258 | €9,891 | -€6,367 | -39.2% |
| Taxes, remuneration and social security | 45 | €15,193 | €20,049 | +€4,856 | +32.0% |
| Taxes | 450/3 | €15,193 | €20,049 | +€4,856 | +32.0% |
| Other amounts payable | 47/48 | €63,462 | €24,132 | -€39,330 | -62.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,454 | €69,365 | -€10,090 | -12.7% |
| Other operating charges | 640/8 | €3,344 | €3,405 | +€61 | +1.8% |
| Gross operating margin | 9900 | €65,468 | €73,045 | +€7,577 | +11.6% |
| Operating profit (loss) | 9901 | -€17,330 | €275 | +€17,606 | |
| Financial income | 75/76B | €19,617 | €19,943 | +€325 | +1.7% |
| Recurring financial income | 75 | €19,617 | €19,943 | +€325 | +1.7% |
| Financial charges | 65/66B | €14,638 | €12,741 | -€1,896 | -13.0% |
| Recurring financial charges | 65 | €14,638 | €12,741 | -€1,896 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,351 | €7,477 | +€19,827 | |
| Income taxes | 67/77 | €371 | €456 | +€85 | +22.8% |
| Profit (loss) for the period | 9904 | -€12,722 | €7,020 | +€19,742 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,722 | €7,020 | +€19,742 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.