FINVOL PSI: 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.
FINVOL PSI
Largest movements
- Financial fixed assets +€5.7m
up €5.7m (+1,372,188%), from €417 to €5.7m
- Receivables within one year -€617,961
down €617,961 (-97.9%), from €631,346 to €13,385
of which Other amounts receivable: -€617,909
- Contributions +€5.0m
up €5.0m (+5,714%), from €87,500 to €5.1m
- Other debts +€207,880
new in 2025: €207,880
- Tax, wage and social debts -€100,000
no longer reported in 2025 (was €100,000)
- Gross operating margin -€367,751
down €367,751, from €357,789 to -€9,962
- Taxes -€101,724
down €101,724, from €100,150 to -€1,575
- Financial charges +€3,823
up €3,823 (+1,863%), from €205 to €4,028
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 | €643,678 | €5,747,199 | +€5.1m | +793% |
| Fixed assets | 21/28 | €417 | €5,722,440 | +€5.7m | +1,372,188% |
| Financial fixed assets | 28 | €417 | €5,722,440 | +€5.7m | +1,372,188% |
| Current assets | 29/58 | €643,261 | €24,759 | -€618,501 | -96.2% |
| Amounts receivable within one year | 40/41 | €631,346 | €13,385 | -€617,961 | -97.9% |
| Trade receivables | 40 | €13,437 | €13,385 | -€52 | -0.4% |
| Other amounts receivable | 41 | €617,909 | - | -€617,909 | |
| Cash at bank and in hand | 54/58 | €11,485 | €11,374 | -€111 | -1.0% |
| Deferred charges and accrued income | 490/1 | €429 | - | -€429 | |
| Total equity and liabilities | 10/49 | €643,678 | €5,747,199 | +€5.1m | +793% |
| Equity | 10/15 | €475,949 | €5,474,995 | +€5.0m | +1,050% |
| Contributions | 10/11 | €87,500 | €5,087,500 | +€5.0m | +5,714% |
| Capital | 10 | €87,500 | €5,087,500 | +€5.0m | +5,714% |
| Issued capital | 100 | €87,500 | €5,087,500 | +€5.0m | +5,714% |
| Reserves | 13 | €119,811 | €119,811 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,750 | €8,750 | = | 0.0% |
| Legal reserve | 130 | €8,750 | €8,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,359 | €16,359 | = | 0.0% |
| Distributable reserves | 133 | €94,702 | €94,702 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,638 | €267,684 | -€955 | -0.4% |
| Provisions and deferred taxes | 16 | €50,992 | €50,992 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €50,992 | €50,992 | = | 0.0% |
| Other liabilities and charges | 164/5 | €50,992 | €50,992 | = | 0.0% |
| Amounts payable | 17/49 | €116,737 | €221,213 | +€104,476 | +89.5% |
| Amounts payable within one year | 42/48 | €116,737 | €221,213 | +€104,476 | +89.5% |
| Trade debts | 44 | €16,737 | €13,333 | -€3,404 | -20.3% |
| Suppliers | 440/4 | €16,737 | €13,333 | -€3,404 | -20.3% |
| Taxes, remuneration and social security | 45 | €100,000 | - | -€100,000 | |
| Taxes | 450/3 | €100,000 | - | -€100,000 | |
| Other amounts payable | 47/48 | - | €207,880 | +€207,880 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,325 | -€1,325 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,575 | - | +€1,575 | |
| Other operating charges | 640/8 | - | €575 | +€575 | |
| Gross operating margin | 9900 | €357,789 | -€9,962 | -€367,751 | |
| Operating profit (loss) | 9901 | €359,364 | -€9,212 | -€368,576 | |
| Financial income | 75/76B | €9,648 | €10,710 | +€1,062 | +11.0% |
| Recurring financial income | 75 | €9,648 | €10,710 | +€1,062 | +11.0% |
| Financial charges | 65/66B | €205 | €4,028 | +€3,823 | +1,863% |
| Recurring financial charges | 65 | €205 | €4,028 | +€3,823 | +1,863% |
| Profit (loss) for the period before taxes | 9903 | €368,807 | -€2,529 | -€371,336 | |
| Income taxes | 67/77 | €100,150 | -€1,575 | -€101,724 | |
| Profit (loss) for the period | 9904 | €268,658 | -€955 | -€269,612 | |
| Profit (loss) for the period to be appropriated | 9905 | €268,658 | -€955 | -€269,612 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.