FinSec: what changed
FinSec
Largest movements
- Cash -€30,335
down €30,335 (-70.7%), from €42,930 to €12,595
mainly Tax, wage and social debts (-€30,945) and Investment in fixed assets (net) (-€2,950)
- Receivables within one year -€3,224
down €3,224 (-4.7%), from €68,633 to €65,409
- Tangible fixed assets +€2,435
up €2,435 (+207%), from €1,174 to €3,609
- Tax, wage and social debts -€30,945
down €30,945 (-99.7%), from €31,040 to €95
- Financial income +€11,766
up €11,766 (+1,176,600%), from €1 to €11,767
of which Non-recurring financial income: +€11,767
- Gross operating margin -€10,100
down €10,100, from €123 to -€9,977
- Taxes +€1,247
new in 2025: €1,247
- Other operating charges -€587
no longer reported in 2025 (was €587)
- Depreciation +€219
up €219 (+74.0%), from €296 to €515
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 | €112,821 | €81,697 | -€31,124 | -27.6% |
| Fixed assets | 21/28 | €1,258 | €3,693 | +€2,435 | +194% |
| Tangible fixed assets | 22/27 | €1,174 | €3,609 | +€2,435 | +207% |
| Furniture and vehicles | 24 | €1,174 | €3,609 | +€2,435 | +207% |
| Financial fixed assets | 28 | €84 | €84 | = | 0.0% |
| Current assets | 29/58 | €111,563 | €78,004 | -€33,559 | -30.1% |
| Amounts receivable within one year | 40/41 | €68,633 | €65,409 | -€3,224 | -4.7% |
| Other amounts receivable | 41 | €68,633 | €65,409 | -€3,224 | -4.7% |
| Cash at bank and in hand | 54/58 | €42,930 | €12,595 | -€30,335 | -70.7% |
| Total equity and liabilities | 10/49 | €112,821 | €81,697 | -€31,124 | -27.6% |
| Equity | 10/15 | €81,781 | €81,602 | -€179 | -0.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | - | -€3,000 | |
| Issued capital | 100 | €3,000 | - | -€3,000 | |
| Reserves | 13 | €79,612 | €79,612 | = | 0.0% |
| Distributable reserves | 133 | €79,612 | €79,612 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€831 | -€1,010 | -€179 | -21.5% |
| Amounts payable | 17/49 | €31,040 | €95 | -€30,945 | -99.7% |
| Amounts payable within one year | 42/48 | €31,040 | €95 | -€30,945 | -99.7% |
| Taxes, remuneration and social security | 45 | €31,040 | €95 | -€30,945 | -99.7% |
| Taxes | 450/3 | €31,040 | €95 | -€30,945 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €296 | €515 | +€219 | +74.0% |
| Other operating charges | 640/8 | €587 | - | -€587 | |
| Gross operating margin | 9900 | €123 | -€9,977 | -€10,100 | |
| Operating profit (loss) | 9901 | -€760 | -€10,492 | -€9,732 | -1,281% |
| Financial income | 75/76B | €1 | €11,767 | +€11,766 | +1,176,600% |
| Recurring financial income | 75 | €1 | €11,767 | +€11,766 | +1,176,600% |
| Non-recurring financial income | 76B | - | €11,767 | +€11,767 | |
| Financial charges | 65/66B | €72 | €207 | +€135 | +188% |
| Recurring financial charges | 65 | €72 | €207 | +€135 | +188% |
| Profit (loss) for the period before taxes | 9903 | -€831 | €1,068 | +€1,899 | |
| Income taxes | 67/77 | - | €1,247 | +€1,247 | |
| Profit (loss) for the period | 9904 | -€831 | -€179 | +€652 | +78.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€831 | -€179 | +€652 | +78.5% |
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 2 November 2026 via checked.be.