Finvesta: 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.
Finvesta
Largest movements
- Stocks and contracts -€2.6m
down €2.6m (-28.5%), from €9.3m to €6.6m
- Tangible fixed assets +€1.6m
new in 2025: €1.6m
- Cash +€348,931
up €348,931 (+82.0%), from €425,297 to €774,228
mainly Stocks and contracts (+€2.6m) and Net result for the year (+€792,788)
- Debts after one year -€2.4m
down €2.4m (-26.0%), from €9.3m to €6.9m
of which Financial debts: -€2.4m
- Reserves +€792,788
up €792,788 (+3,778%), from €20,985 to €813,773
- Trade debts +€602,919
up €602,919 (+1,044%), from €57,735 to €660,654
- Tax, wage and social debts +€220,183
up €220,183 (+139%), from €158,643 to €378,827
- Accrued charges and deferred income +€204,359
up €204,359 (+107%), from €191,245 to €395,604
- Gross operating margin +€1.6m
up €1.6m (+1,530%), from €103,261 to €1.7m
- Financial charges +€582,627
up €582,627 (+1,820%), from €32,013 to €614,640
- Taxes +€252,377
up €252,377 (+4,811%), from €5,246 to €257,623
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 | €9,758,659 | €9,159,575 | -€599,084 | -6.1% |
| Fixed assets | 21/28 | €10,400 | €1,608,127 | +€1.6m | +15,363% |
| Tangible fixed assets | 22/27 | - | €1,597,727 | +€1.6m | |
| Land and buildings | 22 | - | €1,597,727 | +€1.6m | |
| Financial fixed assets | 28 | €10,400 | €10,400 | = | 0.0% |
| Current assets | 29/58 | €9,748,259 | €7,551,448 | -€2.2m | -22.5% |
| Stocks and contracts in progress | 3 | €9,283,588 | €6,641,823 | -€2.6m | -28.5% |
| Stocks | 30/36 | €9,283,588 | €6,641,823 | -€2.6m | -28.5% |
| Amounts receivable within one year | 40/41 | €39,374 | €135,397 | +€96,023 | +244% |
| Trade receivables | 40 | €38,578 | €135,362 | +€96,784 | +251% |
| Other amounts receivable | 41 | €796 | €35 | -€761 | -95.6% |
| Cash at bank and in hand | 54/58 | €425,297 | €774,228 | +€348,931 | +82.0% |
| Total equity and liabilities | 10/49 | €9,758,659 | €9,159,575 | -€599,084 | -6.1% |
| Equity | 10/15 | €50,985 | €843,773 | +€792,788 | +1,555% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €20,985 | €813,773 | +€792,788 | +3,778% |
| Distributable reserves | 133 | €20,985 | €813,773 | +€792,788 | +3,778% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €9,707,674 | €8,315,802 | -€1.4m | -14.3% |
| Amounts payable after more than one year | 17 | €9,300,050 | €6,880,717 | -€2.4m | -26.0% |
| Financial debts | 170/4 | €9,300,050 | €6,876,817 | -€2.4m | -26.1% |
| Other amounts payable | 178/9 | - | €3,900 | +€3,900 | |
| Amounts payable within one year | 42/48 | €216,379 | €1,039,481 | +€823,102 | +380% |
| Trade debts | 44 | €57,735 | €660,654 | +€602,919 | +1,044% |
| Suppliers | 440/4 | €57,735 | €660,654 | +€602,919 | +1,044% |
| Taxes, remuneration and social security | 45 | €158,643 | €378,827 | +€220,183 | +139% |
| Taxes | 450/3 | €158,643 | €378,827 | +€220,183 | +139% |
| Accrued charges and deferred income | 492/3 | €191,245 | €395,604 | +€204,359 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €16,528 | +€16,528 | |
| Other operating charges | 640/8 | €1,917 | €1,519 | -€397 | -20.7% |
| Gross operating margin | 9900 | €103,261 | €1,683,099 | +€1.6m | +1,530% |
| Operating profit (loss) | 9901 | €101,344 | €1,665,051 | +€1.6m | +1,543% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €32,013 | €614,640 | +€582,627 | +1,820% |
| Recurring financial charges | 65 | €32,013 | €614,640 | +€582,627 | +1,820% |
| Profit (loss) for the period before taxes | 9903 | €69,331 | €1,050,411 | +€981,080 | +1,415% |
| Income taxes | 67/77 | €5,246 | €257,623 | +€252,377 | +4,811% |
| Profit (loss) for the period | 9904 | €64,085 | €792,788 | +€728,703 | +1,137% |
| Profit (loss) for the period to be appropriated | 9905 | €64,085 | €792,788 | +€728,703 | +1,137% |
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 19 October 2026 via checked.be.