FINVIM: 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.
FINVIM
Largest movements
- Current investments +€89,900
new in 2025: €89,900
- Cash -€37,137
down €37,137 (-35.1%), from €105,911 to €68,774
mainly Current investments (-€89,900) and Receivables within one year (-€7,039)
- Receivables within one year +€7,039
up €7,039 (+29.6%), from €23,742 to €30,781
of which Other amounts receivable: +€10,315
- Profit (loss) carried forward +€55,507
up €55,507 (+59.1%), from €93,975 to €149,482
- Tax, wage and social debts +€4,051
up €4,051 (+11.2%), from €36,118 to €40,169
- Gross operating margin -€6,497
down €6,497 (-8.0%), from €80,780 to €74,283
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 | €132,608 | €192,141 | +€59,533 | +44.9% |
| Fixed assets | 21/28 | €2,217 | €1,979 | -€238 | -10.7% |
| Tangible fixed assets | 22/27 | €2,217 | €1,979 | -€238 | -10.7% |
| Other tangible fixed assets | 26 | €2,217 | €1,979 | -€238 | -10.7% |
| Current assets | 29/58 | €130,392 | €190,162 | +€59,770 | +45.8% |
| Amounts receivable within one year | 40/41 | €23,742 | €30,781 | +€7,039 | +29.6% |
| Trade receivables | 40 | €23,036 | €19,760 | -€3,276 | -14.2% |
| Other amounts receivable | 41 | €705 | €11,021 | +€10,315 | +1,462% |
| Current investments | 50/53 | - | €89,900 | +€89,900 | |
| Cash at bank and in hand | 54/58 | €105,911 | €68,774 | -€37,137 | -35.1% |
| Deferred charges and accrued income | 490/1 | €739 | €707 | -€32 | -4.3% |
| Total equity and liabilities | 10/49 | €132,608 | €192,141 | +€59,533 | +44.9% |
| Equity | 10/15 | €95,975 | €151,482 | +€55,507 | +57.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,975 | €149,482 | +€55,507 | +59.1% |
| Amounts payable | 17/49 | €36,634 | €40,660 | +€4,026 | +11.0% |
| Amounts payable within one year | 42/48 | €36,634 | €40,660 | +€4,026 | +11.0% |
| Trade debts | 44 | €516 | €491 | -€25 | -4.9% |
| Suppliers | 440/4 | €516 | €491 | -€25 | -4.9% |
| Taxes, remuneration and social security | 45 | €36,118 | €40,169 | +€4,051 | +11.2% |
| Taxes | 450/3 | €36,118 | €40,169 | +€4,051 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158 | €238 | +€79 | +50.2% |
| Other operating charges | 640/8 | €99 | €497 | +€399 | +404% |
| Gross operating margin | 9900 | €80,780 | €74,283 | -€6,497 | -8.0% |
| Operating profit (loss) | 9901 | €80,524 | €73,549 | -€6,975 | -8.7% |
| Financial income | 75/76B | €53 | €338 | +€284 | +534% |
| Recurring financial income | 75 | €53 | €338 | +€284 | +534% |
| Financial charges | 65/66B | €2,621 | €2,321 | -€300 | -11.4% |
| Recurring financial charges | 65 | €2,621 | €2,321 | -€300 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €77,956 | €71,565 | -€6,391 | -8.2% |
| Income taxes | 67/77 | €16,604 | €16,058 | -€546 | -3.3% |
| Profit (loss) for the period | 9904 | €61,351 | €55,507 | -€5,844 | -9.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,351 | €55,507 | -€5,844 | -9.5% |
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 13 October 2026 via checked.be.