FINWAY: 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.
FINWAY
Largest movements
- Receivables within one year +€51,041
up €51,041 (+848%), from €6,017 to €57,058
of which Trade receivables: +€45,591
- Cash +€40,973
up €40,973 (+12.4%), from €329,831 to €370,803
mainly Net result for the year (+€147,373) and Depreciation (+€808)
- Reserves +€147,373
up €147,373 (+49.3%), from €299,184 to €446,558
- Tax, wage and social debts -€44,802
down €44,802 (-75.2%), from €59,539 to €14,737
- Gross operating margin -€83,032
down €83,032 (-27.6%), from €300,391 to €217,359
- Taxes -€30,471
down €30,471 (-30.6%), from €99,539 to €69,068
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 | €715,848 | €814,829 | +€98,981 | +13.8% |
| Fixed assets | 21/28 | €380,000 | €386,953 | +€6,953 | +1.8% |
| Tangible fixed assets | 22/27 | - | €6,953 | +€6,953 | |
| Plant, machinery and equipment | 23 | - | €2,946 | +€2,946 | |
| Furniture and vehicles | 24 | - | €589 | +€589 | |
| Other tangible fixed assets | 26 | - | €3,419 | +€3,419 | |
| Financial fixed assets | 28 | €380,000 | €380,000 | = | 0.0% |
| Current assets | 29/58 | €335,848 | €427,876 | +€92,028 | +27.4% |
| Amounts receivable within one year | 40/41 | €6,017 | €57,058 | +€51,041 | +848% |
| Trade receivables | 40 | €6,017 | €51,608 | +€45,591 | +758% |
| Other amounts receivable | 41 | - | €5,450 | +€5,450 | |
| Cash at bank and in hand | 54/58 | €329,831 | €370,803 | +€40,973 | +12.4% |
| Deferred charges and accrued income | 490/1 | - | €14 | +€14 | |
| Total equity and liabilities | 10/49 | €715,848 | €814,829 | +€98,981 | +13.8% |
| Equity | 10/15 | €593,843 | €741,217 | +€147,373 | +24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €299,184 | €446,558 | +€147,373 | +49.3% |
| Distributable reserves | 133 | €299,184 | €446,558 | +€147,373 | +49.3% |
| Profit (loss) carried forward | 14 | €276,059 | €276,059 | = | 0.0% |
| Amounts payable | 17/49 | €122,005 | €73,613 | -€48,392 | -39.7% |
| Amounts payable within one year | 42/48 | €122,005 | €73,613 | -€48,392 | -39.7% |
| Trade debts | 44 | €37 | €774 | +€737 | +1,985% |
| Suppliers | 440/4 | €37 | €774 | +€737 | +1,985% |
| Taxes, remuneration and social security | 45 | €59,539 | €14,737 | -€44,802 | -75.2% |
| Taxes | 450/3 | €59,539 | €14,737 | -€44,802 | -75.2% |
| Other amounts payable | 47/48 | €62,429 | €58,102 | -€4,327 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €808 | +€808 | |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €300,391 | €217,359 | -€83,032 | -27.6% |
| Operating profit (loss) | 9901 | €300,004 | €216,551 | -€83,453 | -27.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €76 | €110 | +€34 | +44.9% |
| Recurring financial charges | 65 | €76 | €110 | +€34 | +44.9% |
| Profit (loss) for the period before taxes | 9903 | €299,928 | €216,441 | -€83,487 | -27.8% |
| Income taxes | 67/77 | €99,539 | €69,068 | -€30,471 | -30.6% |
| Profit (loss) for the period | 9904 | €200,389 | €147,373 | -€53,016 | -26.5% |
| Profit (loss) for the period to be appropriated | 9905 | €200,389 | €147,373 | -€53,016 | -26.5% |
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 23 October 2026 via checked.be.