FINVET: 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.
FINVET
Largest movements
- Financial fixed assets +€98,290
up €98,290 (+1.9%), from €5.2m to €5.3m
of which Affiliated companies: +€5.3m
- Receivables within one year -€94,466
down €94,466 (-6.1%), from €1.5m to €1.4m
of which Other amounts receivable: -€121,181
- Deferred charges and accrued income +€70,281
up €70,281 (+5,138%), from €1,368 to €71,649
- Other debts -€1.8m
down €1.8m (-42.2%), from €4.3m to €2.5m
- Debts after one year +€1.4m
new in 2025: €1.4m
- Trade debts +€510,745
up €510,745 (+5,614%), from €9,097 to €519,842
- Reserves +€155,004
up €155,004 (+7.7%), from €2.0m to €2.2m
of which Tax-exempt reserves: +€252,600
- Current portion of long-term debt -€138,813
down €138,813 (-71.4%), from €194,421 to €55,607
- Gross operating margin -€615,939
no longer reported in 2025 (was €615,939)
- Financial income -€384,923
down €384,923 (-76.1%), from €505,547 to €120,623
of which Financial income: -€425,058
- Turnover +€177,400
new in 2025: €177,400
- Financial charges -€104,227
down €104,227 (-72.1%), from €144,629 to €40,403
of which Non-recurring financial charges: -€115,000
- Taxes -€97,573
down €97,573 (-80.5%), from €121,211 to €23,637
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 | €6,712,829 | €6,851,025 | +€138,196 | +2.1% |
| Fixed assets | 21/28 | €5,154,570 | €5,252,860 | +€98,290 | +1.9% |
| Financial fixed assets | 28 | €5,154,570 | €5,252,860 | +€98,290 | +1.9% |
| Affiliated companies | 280/1 | - | €5,252,860 | +€5.3m | |
| Participating interests | 280 | - | €5,252,860 | +€5.3m | |
| Other financial fixed assets | 284/8 | - | €0 | = | |
| Shares | 284 | - | €0 | = | |
| Current assets | 29/58 | €1,558,259 | €1,598,165 | +€39,906 | +2.6% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,541,326 | €1,446,860 | -€94,466 | -6.1% |
| Trade receivables | 40 | €98,015 | €124,730 | +€26,715 | +27.3% |
| Other amounts receivable | 41 | €1,443,311 | €1,322,130 | -€121,181 | -8.4% |
| Cash at bank and in hand | 54/58 | €15,565 | €79,656 | +€64,091 | +412% |
| Deferred charges and accrued income | 490/1 | €1,368 | €71,649 | +€70,281 | +5,138% |
| Total equity and liabilities | 10/49 | €6,712,829 | €6,851,025 | +€138,196 | +2.1% |
| Equity | 10/15 | €2,158,391 | €2,313,395 | +€155,004 | +7.2% |
| Contributions | 10/11 | €157,950 | €157,950 | = | 0.0% |
| Reserves | 13 | €2,000,441 | €2,155,445 | +€155,004 | +7.7% |
| Tax-exempt reserves | 132 | €884,100 | €1,136,700 | +€252,600 | +28.6% |
| Distributable reserves | 133 | €1,116,341 | €1,018,745 | -€97,596 | -8.7% |
| Amounts payable | 17/49 | €4,554,438 | €4,537,630 | -€16,808 | -0.4% |
| Amounts payable after more than one year | 17 | - | €1,396,552 | +€1.4m | |
| Financial debts | 170/4 | - | €1,396,552 | +€1.4m | |
| Credit institutions | 173 | - | €323,918 | +€323,918 | |
| Other loans | 174 | - | €1,072,633 | +€1.1m | |
| Amounts payable within one year | 42/48 | €4,541,289 | €3,115,878 | -€1.4m | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €194,421 | €55,607 | -€138,813 | -71.4% |
| Financial debts | 43 | - | €16,821 | +€16,821 | |
| Other loans | 439 | - | €16,821 | +€16,821 | |
| Trade debts | 44 | €9,097 | €519,842 | +€510,745 | +5,614% |
| Suppliers | 440/4 | €9,097 | €519,842 | +€510,745 | +5,614% |
| Taxes, remuneration and social security | 45 | €23,740 | €30,183 | +€6,443 | +27.1% |
| Taxes | 450/3 | €23,740 | €28,221 | +€4,481 | +18.9% |
| Remuneration and social security | 454/9 | - | €1,962 | +€1,962 | |
| Other amounts payable | 47/48 | €4,314,031 | €2,493,425 | -€1.8m | -42.2% |
| Accrued charges and deferred income | 492/3 | €13,150 | €25,201 | +€12,051 | +91.6% |
| Operating income | 70/76A | - | €177,480 | +€177,480 | |
| Turnover | 70 | - | €177,400 | +€177,400 | |
| Other operating income | 74 | - | €80 | +€80 | |
| Operating charges | 60/66A | - | €79,059 | +€79,059 | |
| Services and other goods | 61 | - | €71,249 | +€71,249 | |
| Remuneration, social security and pensions | 62 | - | €6,265 | +€6,265 | |
| Other operating charges | 640/8 | €126 | €1,545 | +€1,419 | +1,126% |
| Non-recurring operating charges | 66A | €100,608 | €0 | -€100,608 | -100% |
| Gross operating margin | 9900 | €615,939 | - | -€615,939 | |
| Operating profit (loss) | 9901 | €515,206 | €98,421 | -€416,785 | -80.9% |
| Financial income | 75/76B | €505,547 | €120,623 | -€384,923 | -76.1% |
| Recurring financial income | 75 | €505,547 | €80,489 | -€425,058 | -84.1% |
| Income from financial fixed assets | 750 | - | €41,175 | +€41,175 | |
| Income from current assets | 751 | - | €39,314 | +€39,314 | |
| Non-recurring financial income | 76B | - | €40,135 | +€40,135 | |
| Financial charges | 65/66B | €144,629 | €40,403 | -€104,227 | -72.1% |
| Recurring financial charges | 65 | €29,629 | €40,403 | +€10,773 | +36.4% |
| Debt charges | 650 | - | €37,670 | +€37,670 | |
| Other financial charges | 652/9 | - | €2,733 | +€2,733 | |
| Non-recurring financial charges | 66B | €115,000 | €0 | -€115,000 | -100% |
| Profit (loss) for the period before taxes | 9903 | €876,124 | €178,642 | -€697,482 | -79.6% |
| Income taxes | 67/77 | €121,211 | €23,637 | -€97,573 | -80.5% |
| Taxes | 670/3 | - | €23,637 | +€23,637 | |
| Profit (loss) for the period | 9904 | €754,913 | €155,004 | -€599,908 | -79.5% |
| Transfer to tax-exempt reserves | 689 | €378,900 | €252,600 | -€126,300 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €376,013 | -€97,596 | -€473,608 |
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 22 October 2026 via checked.be.