FIENY: 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.
FIENY
Largest movements
- Financial fixed assets +€2.3m
up €2.3m (+306%), from €752,150 to €3.1m
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Debts after one year +€1.9m
up €1.9m (+15,314%), from €12,389 to €1.9m
- Current portion of long-term debt +€186,555
up €186,555 (+506%), from €36,857 to €223,412
- Reserves +€112,426
up €112,426 (+16.6%), from €676,165 to €788,591
- Gross operating margin +€13,211
up €13,211 (+11.4%), from €115,941 to €129,152
- Financial income +€5,949
up €5,949 (+7.5%), from €79,043 to €84,992
- Taxes +€4,069
up €4,069 (+10.2%), from €39,763 to €43,832
- Financial charges +€1,372
up €1,372 (+46.4%), from €2,960 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.
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 | €1,273,378 | €3,506,978 | +€2.2m | +175% |
| Fixed assets | 21/28 | €1,040,380 | €3,330,955 | +€2.3m | +220% |
| Tangible fixed assets | 22/27 | €288,230 | €278,805 | -€9,425 | -3.3% |
| Land and buildings | 22 | €284,813 | €275,625 | -€9,188 | -3.2% |
| Plant, machinery and equipment | 23 | €2,920 | €3,180 | +€260 | +8.9% |
| Furniture and vehicles | 24 | €497 | €0 | -€497 | -100% |
| Financial fixed assets | 28 | €752,150 | €3,052,150 | +€2.3m | +306% |
| Current assets | 29/58 | €232,998 | €176,023 | -€56,975 | -24.5% |
| Amounts receivable within one year | 40/41 | €69,090 | €46,747 | -€22,343 | -32.3% |
| Trade receivables | 40 | €21,780 | €0 | -€21,780 | -100% |
| Other amounts receivable | 41 | €47,310 | €46,747 | -€563 | -1.2% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €113,909 | €129,277 | +€15,368 | +13.5% |
| Total equity and liabilities | 10/49 | €1,273,378 | €3,506,978 | +€2.2m | +175% |
| Equity | 10/15 | €1,146,915 | €1,259,341 | +€112,426 | +9.8% |
| Contributions | 10/11 | €470,750 | €470,750 | = | 0.0% |
| Reserves | 13 | €676,165 | €788,591 | +€112,426 | +16.6% |
| Distributable reserves | 133 | €676,165 | €788,591 | +€112,426 | +16.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €126,463 | €2,247,637 | +€2.1m | +1,677% |
| Amounts payable after more than one year | 17 | €12,389 | €1,909,705 | +€1.9m | +15,314% |
| Financial debts | 170/4 | €12,389 | €1,909,705 | +€1.9m | +15,314% |
| Amounts payable within one year | 42/48 | €114,074 | €337,933 | +€223,859 | +196% |
| Current portion of amounts payable after more than one year | 42 | €36,857 | €223,412 | +€186,555 | +506% |
| Trade debts | 44 | €10,510 | €0 | -€10,510 | -100% |
| Suppliers | 440/4 | €10,510 | €0 | -€10,510 | -100% |
| Taxes, remuneration and social security | 45 | €13,477 | €37,379 | +€23,902 | +177% |
| Taxes | 450/3 | €13,477 | €37,379 | +€23,902 | +177% |
| Other amounts payable | 47/48 | €53,229 | €77,142 | +€23,913 | +44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,448 | €9,425 | -€23 | -0.2% |
| Other operating charges | 640/8 | €5,041 | €5,143 | +€102 | +2.0% |
| Gross operating margin | 9900 | €115,941 | €129,152 | +€13,211 | +11.4% |
| Operating profit (loss) | 9901 | €101,452 | €114,584 | +€13,132 | +12.9% |
| Financial income | 75/76B | €79,043 | €84,992 | +€5,949 | +7.5% |
| Recurring financial income | 75 | €79,043 | €84,992 | +€5,949 | +7.5% |
| Financial charges | 65/66B | €2,960 | €4,332 | +€1,372 | +46.4% |
| Recurring financial charges | 65 | €2,960 | €4,332 | +€1,372 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | €177,536 | €195,244 | +€17,709 | +10.0% |
| Income taxes | 67/77 | €39,763 | €43,832 | +€4,069 | +10.2% |
| Profit (loss) for the period | 9904 | €137,773 | €151,413 | +€13,640 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €137,773 | €151,413 | +€13,640 | +9.9% |
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 13 October 2026 via checked.be.