Finvictum: 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.
Finvictum
Largest movements
- Cash +€51,835
up €51,835 (+2,455%), from €2,111 to €53,946
mainly Contributions, distributions and other (+€250,006) and Debts after one year (+€59,500)
- Intangible fixed assets +€31,865
up €31,865 (+10.1%), from €315,080 to €346,945
- Receivables within one year +€20,972
up €20,972 (+1,069%), from €1,962 to €22,934
of which Other amounts receivable: +€13,472
- Contributions +€250,006
up €250,006 (+55.6%), from €450,000 to €700,006
- Profit (loss) carried forward -€211,481
down €211,481 (-149%), from -€141,820 to -€353,301
- Debts after one year +€59,500
new in 2025: €59,500
- Trade debts +€5,094
up €5,094 (+26.5%), from €19,226 to €24,320
- Purchases and services +€150,582
up €150,582 (+259%), from €58,065 to €208,647
- Gross operating margin -€148,097
down €148,097 (-592%), from -€25,000 to -€173,097
- Turnover +€2,485
up €2,485 (+7.5%), from €33,065 to €35,550
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 | €327,406 | €430,525 | +€103,119 | +31.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €315,413 | €346,945 | +€31,532 | +10.0% |
| Intangible fixed assets | 21 | €315,080 | €346,945 | +€31,865 | +10.1% |
| Tangible fixed assets | 22/27 | €333 | - | -€333 | |
| Plant, machinery and equipment | 23 | €333 | - | -€333 | |
| Current assets | 29/58 | €11,993 | €83,580 | +€71,587 | +597% |
| Amounts receivable within one year | 40/41 | €1,962 | €22,934 | +€20,972 | +1,069% |
| Trade receivables | 40 | - | €7,500 | +€7,500 | |
| Other amounts receivable | 41 | €1,962 | €15,434 | +€13,472 | +687% |
| Cash at bank and in hand | 54/58 | €2,111 | €53,946 | +€51,835 | +2,455% |
| Deferred charges and accrued income | 490/1 | €7,920 | €6,700 | -€1,220 | -15.4% |
| Total equity and liabilities | 10/49 | €327,406 | €430,525 | +€103,119 | +31.5% |
| Equity | 10/15 | €308,180 | €346,705 | +€38,525 | +12.5% |
| Contributions | 10/11 | €450,000 | €700,006 | +€250,006 | +55.6% |
| Profit (loss) carried forward | 14 | -€141,820 | -€353,301 | -€211,481 | -149% |
| Amounts payable | 17/49 | €19,226 | €83,820 | +€64,594 | +336% |
| Amounts payable after more than one year | 17 | - | €59,500 | +€59,500 | |
| Financial debts | 170/4 | - | €59,500 | +€59,500 | |
| Amounts payable within one year | 42/48 | €19,226 | €24,320 | +€5,094 | +26.5% |
| Trade debts | 44 | €19,226 | €24,320 | +€5,094 | +26.5% |
| Suppliers | 440/4 | €19,226 | €24,320 | +€5,094 | +26.5% |
| Turnover | 70 | €33,065 | €35,550 | +€2,485 | +7.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €58,065 | €208,647 | +€150,582 | +259% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,886 | €36,258 | +€372 | +1.0% |
| Other operating charges | 640/8 | €203 | €1,839 | +€1,636 | +806% |
| Gross operating margin | 9900 | -€25,000 | -€173,097 | -€148,097 | -592% |
| Operating profit (loss) | 9901 | -€61,089 | -€211,194 | -€150,105 | -246% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €90 | €287 | +€197 | +219% |
| Recurring financial charges | 65 | €90 | €287 | +€197 | +219% |
| Profit (loss) for the period before taxes | 9903 | -€61,178 | -€211,481 | -€150,303 | -246% |
| Profit (loss) for the period | 9904 | -€61,178 | -€211,481 | -€150,303 | -246% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,178 | -€211,481 | -€150,303 | -246% |
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 27 October 2026 via checked.be.