FIENESSE: 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.
FIENESSE
Largest movements
- Tangible fixed assets +€30,011
up €30,011 (+59.1%), from €50,785 to €80,796
of which Furniture and vehicles: +€38,779
- Receivables within one year -€9,852
down €9,852 (-32.7%), from €30,160 to €20,308
of which Trade receivables: -€7,513
- Cash +€8,360
up €8,360 (+198.2%), from €4,218 to €12,578
mainly Debts after one year (+€22,466) and Depreciation (+€17,652)
- Stocks and contracts +€6,902
up €6,902 (+26.6%), from €25,949 to €32,851
of which Stocks: +€4,052
- Debts after one year +€22,466
up €22,466 (+39.5%), from €56,936 to €79,402
- Reserves +€11,233
up €11,233 (+47.0%), from €23,905 to €35,137
- Current portion of long-term debt +€7,298
up €7,298 (+118.7%), from €6,151 to €13,449
- Short-term financial debts -€1,753
no longer reported in 2025 (was €1,753)
- Gross operating margin +€19,216
up €19,216 (+93.6%), from €20,522 to €39,738
- Taxes +€4,621
up €4,621 (+398.6%), from €1,159 to €5,780
- Depreciation +€3,639
up €3,639 (+26.0%), from €14,013 to €17,652
- Financial charges +€607
up €607 (+16.3%), from €3,725 to €4,332
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 | €111,787 | €148,328 | +€36,541 | +32.7% |
| Fixed assets | 21/28 | €51,460 | €81,471 | +€30,011 | +58.3% |
| Tangible fixed assets | 22/27 | €50,785 | €80,796 | +€30,011 | +59.1% |
| Plant, machinery and equipment | 23 | €50,785 | €42,017 | -€8,768 | -17.3% |
| Furniture and vehicles | 24 | - | €38,779 | +€38,779 | |
| Financial fixed assets | 28 | €675 | €675 | = | 0.0% |
| Current assets | 29/58 | €60,327 | €66,857 | +€6,530 | +10.8% |
| Stocks and contracts in progress | 3 | €25,949 | €32,851 | +€6,902 | +26.6% |
| Stocks | 30/36 | €24,869 | €28,921 | +€4,052 | +16.3% |
| Contracts in progress | 37 | €1,080 | €3,930 | +€2,850 | +263.9% |
| Amounts receivable within one year | 40/41 | €30,160 | €20,308 | -€9,852 | -32.7% |
| Trade receivables | 40 | €14,087 | €6,575 | -€7,513 | -53.3% |
| Other amounts receivable | 41 | €16,073 | €13,733 | -€2,339 | -14.6% |
| Cash at bank and in hand | 54/58 | €4,218 | €12,578 | +€8,360 | +198.2% |
| Deferred charges and accrued income | 490/1 | - | €1,120 | +€1,120 | |
| Total equity and liabilities | 10/49 | €111,787 | €148,328 | +€36,541 | +32.7% |
| Equity | 10/15 | €30,105 | €41,337 | +€11,233 | +37.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €23,905 | €35,137 | +€11,233 | +47.0% |
| Distributable reserves | 133 | €23,905 | €35,137 | +€11,233 | +47.0% |
| Amounts payable | 17/49 | €81,682 | €106,991 | +€25,309 | +31.0% |
| Amounts payable after more than one year | 17 | €56,936 | €79,402 | +€22,466 | +39.5% |
| Financial debts | 170/4 | €56,936 | €79,402 | +€22,466 | +39.5% |
| Amounts payable within one year | 42/48 | €24,746 | €27,518 | +€2,772 | +11.2% |
| Current portion of amounts payable after more than one year | 42 | €6,151 | €13,449 | +€7,298 | +118.7% |
| Financial debts | 43 | €1,753 | - | -€1,753 | |
| Credit institutions | 430/8 | €1,753 | - | -€1,753 | |
| Trade debts | 44 | €11,696 | €10,396 | -€1,300 | -11.1% |
| Suppliers | 440/4 | €11,696 | €10,396 | -€1,300 | -11.1% |
| Advances received on contracts in progress | 46 | €615 | - | -€615 | |
| Taxes, remuneration and social security | 45 | €4,531 | €3,673 | -€859 | -18.9% |
| Taxes | 450/3 | €2,206 | €1,348 | -€859 | -38.9% |
| Remuneration and social security | 454/9 | €2,325 | €2,325 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €71 | +€71 | |
| Remuneration, social security and pensions | 62 | €613 | €593 | -€20 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,013 | €17,652 | +€3,639 | +26.0% |
| Other operating charges | 640/8 | €949 | €1,068 | +€119 | +12.6% |
| Gross operating margin | 9900 | €20,522 | €39,738 | +€19,216 | +93.6% |
| Operating profit (loss) | 9901 | €4,947 | €20,425 | +€15,477 | +312.8% |
| Financial income | 75/76B | €771 | €920 | +€149 | +19.3% |
| Recurring financial income | 75 | €771 | €920 | +€149 | +19.3% |
| Financial charges | 65/66B | €3,725 | €4,332 | +€607 | +16.3% |
| Recurring financial charges | 65 | €3,725 | €4,332 | +€607 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €1,993 | €17,012 | +€15,019 | +753.4% |
| Income taxes | 67/77 | €1,159 | €5,780 | +€4,621 | +398.6% |
| Profit (loss) for the period | 9904 | €834 | €11,233 | +€10,398 | +1246.6% |
| Profit (loss) for the period to be appropriated | 9905 | €834 | €11,233 | +€10,398 | +1246.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.