FINVEST: 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.
FINVEST
Largest movements
- Receivables after one year -€60,000
no longer reported in 2025 (was €60,000)
- Cash -€47,964
down €47,964 (-61.3%), from €78,280 to €30,316
mainly Other debts (-€37,185) and Tax, wage and social debts (-€27,551)
- Receivables within one year +€26,346
up €26,346 (+398%), from €6,613 to €32,959
- Tangible fixed assets -€15,129
down €15,129 (-4.2%), from €360,163 to €345,034
of which Land and buildings: -€13,187
- Current investments -€7,766
down €7,766 (-6.6%), from €116,803 to €109,037
- Other debts -€37,185
no longer reported in 2025 (was €37,185)
- Tax, wage and social debts -€27,551
down €27,551 (-99.9%), from €27,577 to €26
- Profit (loss) carried forward -€20,719
new in 2025: -€20,719
- Current portion of long-term debt -€16,840
no longer reported in 2025 (was €16,840)
- Debts after one year -€8,663
no longer reported in 2025 (was €8,663)
- Gross operating margin -€588,765
down €588,765, from €579,916 to -€8,849
- Taxes -€168,413
down €168,413 (-99.9%), from €168,613 to €200
- Financial charges -€24,334
down €24,334 (-91.5%), from €26,606 to €2,271
- Depreciation +€9,122
up €9,122 (+152%), from €6,007 to €15,129
- Financial income +€6,155
up €6,155 (+80.6%), from €7,639 to €13,794
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 | €621,858 | €518,618 | -€103,240 | -16.6% |
| Fixed assets | 21/28 | €360,163 | €345,034 | -€15,129 | -4.2% |
| Tangible fixed assets | 22/27 | €360,163 | €345,034 | -€15,129 | -4.2% |
| Land and buildings | 22 | €350,899 | €337,711 | -€13,187 | -3.8% |
| Plant, machinery and equipment | 23 | €9,264 | €7,322 | -€1,942 | -21.0% |
| Current assets | 29/58 | €261,696 | €173,584 | -€88,111 | -33.7% |
| Amounts receivable after more than one year | 29 | €60,000 | - | -€60,000 | |
| Other amounts receivable | 291 | €60,000 | - | -€60,000 | |
| Amounts receivable within one year | 40/41 | €6,613 | €32,959 | +€26,346 | +398% |
| Other amounts receivable | 41 | €6,613 | €32,959 | +€26,346 | +398% |
| Current investments | 50/53 | €116,803 | €109,037 | -€7,766 | -6.6% |
| Cash at bank and in hand | 54/58 | €78,280 | €30,316 | -€47,964 | -61.3% |
| Deferred charges and accrued income | 490/1 | - | €1,272 | +€1,272 | |
| Total equity and liabilities | 10/49 | €621,858 | €518,618 | -€103,240 | -16.6% |
| Equity | 10/15 | €528,125 | €507,406 | -€20,719 | -3.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €466,625 | €466,625 | = | 0.0% |
| Distributable reserves | 133 | €466,625 | €466,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€20,719 | -€20,719 | |
| Amounts payable | 17/49 | €93,733 | €11,212 | -€82,521 | -88.0% |
| Amounts payable after more than one year | 17 | €8,663 | - | -€8,663 | |
| Financial debts | 170/4 | €8,663 | - | -€8,663 | |
| Amounts payable within one year | 42/48 | €85,071 | €11,212 | -€73,858 | -86.8% |
| Current portion of amounts payable after more than one year | 42 | €16,840 | - | -€16,840 | |
| Financial debts | 43 | - | €8,663 | +€8,663 | |
| Credit institutions | 430/8 | - | €8,663 | +€8,663 | |
| Trade debts | 44 | €3,469 | €2,524 | -€945 | -27.2% |
| Suppliers | 440/4 | €3,469 | €2,524 | -€945 | -27.2% |
| Taxes, remuneration and social security | 45 | €27,577 | €26 | -€27,551 | -99.9% |
| Taxes | 450/3 | €27,577 | €26 | -€27,551 | -99.9% |
| Other amounts payable | 47/48 | €37,185 | - | -€37,185 | |
| Non-recurring operating income | 76A | €1,268 | - | -€1,268 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,007 | €15,129 | +€9,122 | +152% |
| Other operating charges | 640/8 | €6,347 | €8,064 | +€1,717 | +27.1% |
| Gross operating margin | 9900 | €579,916 | -€8,849 | -€588,765 | |
| Operating profit (loss) | 9901 | €567,562 | -€32,042 | -€599,604 | |
| Financial income | 75/76B | €7,639 | €13,794 | +€6,155 | +80.6% |
| Recurring financial income | 75 | €7,639 | €13,794 | +€6,155 | +80.6% |
| Financial charges | 65/66B | €26,606 | €2,271 | -€24,334 | -91.5% |
| Recurring financial charges | 65 | €26,606 | €2,271 | -€24,334 | -91.5% |
| Profit (loss) for the period before taxes | 9903 | €548,596 | -€20,519 | -€569,115 | |
| Income taxes | 67/77 | €168,613 | €200 | -€168,413 | -99.9% |
| Profit (loss) for the period | 9904 | €379,983 | -€20,719 | -€400,702 | |
| Profit (loss) for the period to be appropriated | 9905 | €379,983 | -€20,719 | -€400,702 |
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 14 October 2026 via checked.be.