FINVISORS: what changed
Two fiscal 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.
FINVISORS
Largest movements
- Tangible fixed assets +€256,267
up €256,267 (+19509.8%), from €1,314 to €257,581
of which Land and buildings: +€244,585
- Receivables within one year +€59,719
up €59,719 (+19.6%), from €305,291 to €365,009
of which Trade receivables: +€46,981
- Debts after one year +€208,951
new in 2025: €208,951
- Reserves +€48,419
up €48,419 (+18.6%), from €260,684 to €309,103
- Trade debts +€29,448
up €29,448 (+209.9%), from €14,032 to €43,480
- Short-term financial debts +€11,728
new in 2025: €11,728
- Current portion of long-term debt +€11,049
new in 2025: €11,049
- Gross operating margin +€189,962
up €189,962 (+270.3%), from €70,280 to €260,242
- Taxes +€38,252
up €38,252 (+209.3%), from €18,277 to €56,529
- Other operating charges +€35,836
up €35,836 (+1899.6%), from €1,887 to €37,723
- Financial income +€4,864
up €4,864 (+44.6%), from €10,905 to €15,768
- Financial charges +€4,176
up €4,176 (+57.1%), from €7,309 to €11,484
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.
Cash bridge derived
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 | €355,442 | €663,025 | +€307,583 | +86.5% |
| Fixed assets | 21/28 | €4,719 | €259,231 | +€254,512 | +5393.4% |
| Intangible fixed assets | 21 | €1,755 | - | -€1,755 | |
| Tangible fixed assets | 22/27 | €1,314 | €257,581 | +€256,267 | +19509.8% |
| Land and buildings | 22 | - | €244,585 | +€244,585 | |
| Plant, machinery and equipment | 23 | €1,314 | €2,441 | +€1,127 | +85.8% |
| Furniture and vehicles | 24 | - | €10,555 | +€10,555 | |
| Financial fixed assets | 28 | €1,650 | €1,650 | = | 0.0% |
| Current assets | 29/58 | €350,723 | €403,794 | +€53,071 | +15.1% |
| Amounts receivable within one year | 40/41 | €305,291 | €365,009 | +€59,719 | +19.6% |
| Trade receivables | 40 | €21,924 | €68,905 | +€46,981 | +214.3% |
| Other amounts receivable | 41 | €283,367 | €296,105 | +€12,738 | +4.5% |
| Cash at bank and in hand | 54/58 | €43,648 | €38,785 | -€4,863 | -11.1% |
| Deferred charges and accrued income | 490/1 | €1,785 | - | -€1,785 | |
| Total equity and liabilities | 10/49 | €355,442 | €663,025 | +€307,583 | +86.5% |
| Equity | 10/15 | €263,684 | €312,103 | +€48,419 | +18.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €260,684 | €309,103 | +€48,419 | +18.6% |
| Distributable reserves | 133 | €260,684 | €309,103 | +€48,419 | +18.6% |
| Amounts payable | 17/49 | €91,758 | €350,922 | +€259,164 | +282.4% |
| Amounts payable after more than one year | 17 | - | €208,951 | +€208,951 | |
| Financial debts | 170/4 | - | €208,951 | +€208,951 | |
| Amounts payable within one year | 42/48 | €91,758 | €141,909 | +€50,151 | +54.7% |
| Current portion of amounts payable after more than one year | 42 | - | €11,049 | +€11,049 | |
| Financial debts | 43 | - | €11,728 | +€11,728 | |
| Credit institutions | 430/8 | - | €11,728 | +€11,728 | |
| Trade debts | 44 | €14,032 | €43,480 | +€29,448 | +209.9% |
| Suppliers | 440/4 | €14,032 | €43,480 | +€29,448 | +209.9% |
| Taxes, remuneration and social security | 45 | €77,726 | €75,651 | -€2,075 | -2.7% |
| Taxes | 450/3 | €77,726 | €75,651 | -€2,075 | -2.7% |
| Accrued charges and deferred income | 492/3 | - | €63 | +€63 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,077 | €3,856 | +€1,780 | +85.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,898 | - | -€3,898 | |
| Other operating charges | 640/8 | €1,887 | €37,723 | +€35,836 | +1899.6% |
| Gross operating margin | 9900 | €70,280 | €260,242 | +€189,962 | +270.3% |
| Operating profit (loss) | 9901 | €62,419 | €218,663 | +€156,244 | +250.3% |
| Financial income | 75/76B | €10,905 | €15,768 | +€4,864 | +44.6% |
| Recurring financial income | 75 | €10,905 | €15,768 | +€4,864 | +44.6% |
| Financial charges | 65/66B | €7,309 | €11,484 | +€4,176 | +57.1% |
| Recurring financial charges | 65 | €7,309 | €11,484 | +€4,176 | +57.1% |
| Profit (loss) for the period before taxes | 9903 | €66,015 | €222,947 | +€156,932 | +237.7% |
| Income taxes | 67/77 | €18,277 | €56,529 | +€38,252 | +209.3% |
| Profit (loss) for the period | 9904 | €47,738 | €166,419 | +€118,680 | +248.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,738 | €166,419 | +€118,680 | +248.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.