Fienile: 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.
Fienile
Largest movements
- Cash +€15,645
up €15,645 (+168.5%), from €9,287 to €24,932
mainly Net result for the year (+€59,393) and Receivables within one year (+€12,536)
- Receivables within one year -€12,536
down €12,536 (-100.0%), from €12,536 to €0
of which Trade receivables: -€12,536
- Reserves +€58,560
up €58,560 (+73.9%), from €79,201 to €137,761
of which Distributable reserves: +€37,510
- Debts after one year -€46,423
down €46,423 (-25.7%), from €180,930 to €134,508
- Tax, wage and social debts -€21,895
down €21,895 (-70.3%), from €31,135 to €9,240
- Other debts -€9,772
down €9,772 (-5.5%), from €177,367 to €167,595
- Short-term financial debts +€9,354
new in 2025: €9,354
- Gross operating margin +€47,762
up €47,762 (+86.9%), from €54,993 to €102,755
- Taxes +€11,458
up €11,458 (+107.2%), from €10,691 to €22,148
- Financial charges +€5,010
up €5,010 (+53.2%), from €9,413 to €14,423
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 | €526,093 | €523,184 | -€2,909 | -0.6% |
| Fixed assets | 21/28 | €501,132 | €497,304 | -€3,827 | -0.8% |
| Tangible fixed assets | 22/27 | €50,453 | €46,625 | -€3,827 | -7.6% |
| Land and buildings | 22 | €50,188 | €44,574 | -€5,614 | -11.2% |
| Plant, machinery and equipment | 23 | €264 | €177 | -€87 | -33.1% |
| Furniture and vehicles | 24 | - | €1,874 | +€1,874 | |
| Financial fixed assets | 28 | €450,679 | €450,679 | = | 0.0% |
| Current assets | 29/58 | €24,962 | €25,880 | +€918 | +3.7% |
| Amounts receivable within one year | 40/41 | €12,536 | €0 | -€12,536 | -100.0% |
| Trade receivables | 40 | €12,536 | - | -€12,536 | |
| Other amounts receivable | 41 | - | €0 | +€0 | |
| Cash at bank and in hand | 54/58 | €9,287 | €24,932 | +€15,645 | +168.5% |
| Deferred charges and accrued income | 490/1 | €3,139 | €947 | -€2,192 | -69.8% |
| Total equity and liabilities | 10/49 | €526,093 | €523,184 | -€2,909 | -0.6% |
| Equity | 10/15 | €82,201 | €140,761 | +€58,560 | +71.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €79,201 | €137,761 | +€58,560 | +73.9% |
| Tax-exempt reserves | 132 | €27,365 | €48,415 | +€21,050 | +76.9% |
| Distributable reserves | 133 | €51,836 | €89,346 | +€37,510 | +72.4% |
| Amounts payable | 17/49 | €443,893 | €382,423 | -€61,469 | -13.8% |
| Amounts payable after more than one year | 17 | €180,930 | €134,508 | -€46,423 | -25.7% |
| Financial debts | 170/4 | €180,930 | €134,508 | -€46,423 | -25.7% |
| Amounts payable within one year | 42/48 | €262,962 | €242,096 | -€20,867 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €52,068 | €53,423 | +€1,355 | +2.6% |
| Financial debts | 43 | - | €9,354 | +€9,354 | |
| Credit institutions | 430/8 | - | €9,354 | +€9,354 | |
| Trade debts | 44 | €2,393 | €2,485 | +€92 | +3.8% |
| Suppliers | 440/4 | €2,393 | €2,485 | +€92 | +3.8% |
| Taxes, remuneration and social security | 45 | €31,135 | €9,240 | -€21,895 | -70.3% |
| Taxes | 450/3 | €31,135 | €9,240 | -€21,895 | -70.3% |
| Other amounts payable | 47/48 | €177,367 | €167,595 | -€9,772 | -5.5% |
| Accrued charges and deferred income | 492/3 | - | €5,820 | +€5,820 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,321 | €5,869 | +€548 | +10.3% |
| Other operating charges | 640/8 | €870 | €922 | +€53 | +6.0% |
| Gross operating margin | 9900 | €54,993 | €102,755 | +€47,762 | +86.9% |
| Operating profit (loss) | 9901 | €48,802 | €95,964 | +€47,162 | +96.6% |
| Financial charges | 65/66B | €9,413 | €14,423 | +€5,010 | +53.2% |
| Recurring financial charges | 65 | €9,413 | €14,423 | +€5,010 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €39,389 | €81,541 | +€42,152 | +107.0% |
| Income taxes | 67/77 | €10,691 | €22,148 | +€11,458 | +107.2% |
| Profit (loss) for the period | 9904 | €28,698 | €59,393 | +€30,695 | +107.0% |
| Transfer to tax-exempt reserves | 689 | €27,365 | €21,050 | -€6,315 | -23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,333 | €38,343 | +€37,010 | +2775.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.