FIJNWERK: 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.
FIJNWERK
Largest movements
- Tangible fixed assets -€18,479
down €18,479 (-15.4%), from €119,997 to €101,518
of which Furniture and vehicles: -€10,268
- Cash -€11,871
down €11,871 (-30.8%), from €38,573 to €26,702
mainly Debts after one year (-€31,426) and Receivables within one year (-€6,155)
- Receivables within one year +€6,155
new in 2025: €6,155
of which Trade receivables: +€3,341
- Debts after one year -€31,426
down €31,426 (-34.3%), from €91,549 to €60,124
of which Other amounts payable: -€24,509
- Reserves +€7,173
up €7,173 (+21.6%), from €33,153 to €40,326
- Gross operating margin -€57,511
down €57,511 (-62.6%), from €91,861 to €34,350
- Depreciation -€19,137
down €19,137 (-47.2%), from €40,578 to €21,441
- Taxes -€9,862
down €9,862 (-75.5%), from €13,062 to €3,201
- Financial charges -€1,335
down €1,335 (-57.5%), from €2,320 to €985
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 | €160,447 | €137,302 | -€23,145 | -14.4% |
| Fixed assets | 21/28 | €119,997 | €101,518 | -€18,479 | -15.4% |
| Tangible fixed assets | 22/27 | €119,997 | €101,518 | -€18,479 | -15.4% |
| Land and buildings | 22 | €75,994 | €71,581 | -€4,413 | -5.8% |
| Plant, machinery and equipment | 23 | €12,547 | €8,049 | -€4,498 | -35.9% |
| Furniture and vehicles | 24 | €31,456 | €21,187 | -€10,268 | -32.6% |
| Other tangible fixed assets | 26 | - | €700 | +€700 | |
| Current assets | 29/58 | €40,451 | €35,784 | -€4,666 | -11.5% |
| Amounts receivable within one year | 40/41 | - | €6,155 | +€6,155 | |
| Trade receivables | 40 | - | €3,341 | +€3,341 | |
| Other amounts receivable | 41 | - | €2,814 | +€2,814 | |
| Cash at bank and in hand | 54/58 | €38,573 | €26,702 | -€11,871 | -30.8% |
| Deferred charges and accrued income | 490/1 | €1,877 | €2,928 | +€1,051 | +56.0% |
| Total equity and liabilities | 10/49 | €160,447 | €137,302 | -€23,145 | -14.4% |
| Equity | 10/15 | €38,153 | €45,326 | +€7,173 | +18.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €33,153 | €40,326 | +€7,173 | +21.6% |
| Distributable reserves | 133 | €33,153 | €40,326 | +€7,173 | +21.6% |
| Amounts payable | 17/49 | €122,295 | €91,976 | -€30,318 | -24.8% |
| Amounts payable after more than one year | 17 | €91,549 | €60,124 | -€31,426 | -34.3% |
| Financial debts | 170/4 | €15,386 | €8,469 | -€6,917 | -45.0% |
| Other amounts payable | 178/9 | €76,163 | €51,654 | -€24,509 | -32.2% |
| Amounts payable within one year | 42/48 | €30,745 | €31,504 | +€759 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €6,615 | €6,917 | +€302 | +4.6% |
| Trade debts | 44 | €3,566 | €2,521 | -€1,046 | -29.3% |
| Suppliers | 440/4 | €3,566 | €2,521 | -€1,046 | -29.3% |
| Taxes, remuneration and social security | 45 | €20,564 | €22,067 | +€1,502 | +7.3% |
| Taxes | 450/3 | €17,446 | €18,949 | +€1,502 | +8.6% |
| Remuneration and social security | 454/9 | €3,118 | €3,118 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €349 | +€349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,578 | €21,441 | -€19,137 | -47.2% |
| Other operating charges | 640/8 | €2,400 | €1,552 | -€848 | -35.3% |
| Non-recurring operating charges | 66A | €350 | €0 | -€350 | -100.0% |
| Gross operating margin | 9900 | €91,861 | €34,350 | -€57,511 | -62.6% |
| Operating profit (loss) | 9901 | €48,534 | €11,357 | -€37,177 | -76.6% |
| Financial income | 75/76B | €2 | €2 | +€0 | +10.0% |
| Recurring financial income | 75 | €2 | €2 | +€0 | +10.0% |
| Financial charges | 65/66B | €2,320 | €985 | -€1,335 | -57.5% |
| Recurring financial charges | 65 | €2,320 | €985 | -€1,335 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €46,215 | €10,374 | -€35,841 | -77.6% |
| Income taxes | 67/77 | €13,062 | €3,201 | -€9,862 | -75.5% |
| Profit (loss) for the period | 9904 | €33,153 | €7,173 | -€25,980 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,153 | €7,173 | -€25,980 | -78.4% |
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 6 October 2026 via checked.be.