FINADVIZE: what changed
FINADVIZE
Largest movements
- Receivables after one year +€185,000
up €185,000 (+86.0%), from €215,000 to €400,000
- Cash -€131,040
down €131,040 (-72.1%), from €181,862 to €50,822
mainly Contributions, distributions and other (-€450,000) and Receivables after one year (-€185,000)
- Tangible fixed assets -€32,864
down €32,864 (-11.9%), from €276,452 to €243,587
of which Furniture and vehicles: -€29,115
- Receivables within one year -€22,681
down €22,681 (-71.8%), from €31,597 to €8,916
of which Trade receivables: -€20,730
- Deferred charges and accrued income +€12,279
up €12,279 (+251%), from €4,884 to €17,163
- Other debts +€347,341
up €347,341 (+19,338%), from €1,796 to €349,138
- Profit (loss) carried forward -€333,365
down €333,365 (-87.4%), from €381,567 to €48,202
- Debts after one year -€42,028
down €42,028 (-20.3%), from €207,429 to €165,401
of which Financial debts: -€37,028
- Reserves +€33,680
up €33,680 (+80.0%), from €42,100 to €75,780
of which Distributable reserves: +€42,100
- Financial income -€1.0m
down €1.0m (-98.7%), from €1.0m to €13,594
- Gross operating margin -€556,712
down €556,712 (-70.3%), from €792,008 to €235,296
- Taxes -€144,007
down €144,007 (-75.4%), from €191,079 to €47,071
- Depreciation +€21,639
up €21,639 (+119%), from €18,217 to €39,856
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €723,465 | €734,159 | +€10,694 | +1.5% |
| Fixed assets | 21/28 | €290,122 | €257,258 | -€32,864 | -11.3% |
| Tangible fixed assets | 22/27 | €276,452 | €243,587 | -€32,864 | -11.9% |
| Land and buildings | 22 | €119,101 | €115,649 | -€3,452 | -2.9% |
| Plant, machinery and equipment | 23 | €7,139 | €6,842 | -€298 | -4.2% |
| Furniture and vehicles | 24 | €149,282 | €120,167 | -€29,115 | -19.5% |
| Other tangible fixed assets | 26 | €930 | €930 | = | 0.0% |
| Financial fixed assets | 28 | €13,670 | €13,670 | = | 0.0% |
| Current assets | 29/58 | €433,343 | €476,901 | +€43,558 | +10.1% |
| Amounts receivable after more than one year | 29 | €215,000 | €400,000 | +€185,000 | +86.0% |
| Other amounts receivable | 291 | €215,000 | €400,000 | +€185,000 | +86.0% |
| Amounts receivable within one year | 40/41 | €31,597 | €8,916 | -€22,681 | -71.8% |
| Trade receivables | 40 | €29,646 | €8,916 | -€20,730 | -69.9% |
| Other amounts receivable | 41 | €1,951 | - | -€1,951 | |
| Cash at bank and in hand | 54/58 | €181,862 | €50,822 | -€131,040 | -72.1% |
| Deferred charges and accrued income | 490/1 | €4,884 | €17,163 | +€12,279 | +251% |
| Total equity and liabilities | 10/49 | €723,465 | €734,159 | +€10,694 | +1.5% |
| Equity | 10/15 | €442,267 | €142,582 | -€299,685 | -67.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,100 | €75,780 | +€33,680 | +80.0% |
| Tax-exempt reserves | 132 | €42,100 | €33,680 | -€8,420 | -20.0% |
| Distributable reserves | 133 | - | €42,100 | +€42,100 | |
| Profit (loss) carried forward | 14 | €381,567 | €48,202 | -€333,365 | -87.4% |
| Amounts payable | 17/49 | €281,198 | €591,577 | +€310,378 | +110% |
| Amounts payable after more than one year | 17 | €207,429 | €165,401 | -€42,028 | -20.3% |
| Financial debts | 170/4 | €102,429 | €65,401 | -€37,028 | -36.1% |
| Other amounts payable | 178/9 | €105,000 | €100,000 | -€5,000 | -4.8% |
| Amounts payable within one year | 42/48 | €69,569 | €422,186 | +€352,617 | +507% |
| Current portion of amounts payable after more than one year | 42 | €35,803 | €37,028 | +€1,225 | +3.4% |
| Trade debts | 44 | €2,272 | €6,943 | +€4,671 | +206% |
| Suppliers | 440/4 | €2,272 | €6,943 | +€4,671 | +206% |
| Taxes, remuneration and social security | 45 | €29,698 | €29,077 | -€621 | -2.1% |
| Taxes | 450/3 | €29,698 | €29,077 | -€621 | -2.1% |
| Other amounts payable | 47/48 | €1,796 | €349,138 | +€347,341 | +19,338% |
| Accrued charges and deferred income | 492/3 | €4,200 | €3,989 | -€211 | -5.0% |
| Non-recurring operating income | 76A | €25,454 | - | -€25,454 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,217 | €39,856 | +€21,639 | +119% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,864 | +€2,864 | |
| Other operating charges | 640/8 | €7,802 | - | -€7,802 | |
| Gross operating margin | 9900 | €792,008 | €235,296 | -€556,712 | -70.3% |
| Operating profit (loss) | 9901 | €765,990 | €192,576 | -€573,414 | -74.9% |
| Financial income | 75/76B | €1,014,749 | €13,594 | -€1.0m | -98.7% |
| Recurring financial income | 75 | €1,014,749 | €13,594 | -€1.0m | -98.7% |
| Financial charges | 65/66B | €8,093 | €8,783 | +€690 | +8.5% |
| Recurring financial charges | 65 | €8,093 | €8,783 | +€690 | +8.5% |
| Profit (loss) for the period before taxes | 9903 | €1,772,646 | €197,387 | -€1.6m | -88.9% |
| Income taxes | 67/77 | €191,079 | €47,071 | -€144,007 | -75.4% |
| Profit (loss) for the period | 9904 | €1,581,567 | €150,315 | -€1.4m | -90.5% |
| Transfer from tax-exempt reserves | 789 | - | €42,100 | +€42,100 | |
| Transfer to tax-exempt reserves | 689 | - | €33,680 | +€33,680 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,581,567 | €158,735 | -€1.4m | -90.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.