Filonor: 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.
Filonor
Largest movements
- Cash -€50,113
down €50,113 (-61.4%), from €81,634 to €31,521
mainly Contributions, distributions and other (-€39,655) and Receivables within one year (-€35,064)
- Receivables within one year +€35,064
up €35,064 (+20.3%), from €172,797 to €207,862
of which Other amounts receivable: +€64,569
- Reserves -€59,330
down €59,330 (-16.3%), from €363,400 to €304,070
of which Tax-exempt reserves: -€71,570
- Profit (loss) carried forward +€54,631
up €54,631 (+31.5%), from -€173,695 to -€119,064
- Other debts -€11,487
down €11,487 (-57.4%), from €20,001 to €8,513
- Gross operating margin -€134,409
down €134,409 (-72.4%), from €185,550 to €51,141
- Taxes -€32,762
down €32,762 (-59.1%), from €55,467 to €22,705
- Financial income -€14,264
down €14,264 (-61.3%), from €23,262 to €8,998
of which Financial income: -€14,667
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €642,099 | €619,603 | -€22,496 | -3.5% |
| Fixed assets | 21/28 | €207,870 | €205,802 | -€2,068 | -1.0% |
| Tangible fixed assets | 22/27 | €704 | €2,873 | +€2,169 | +308% |
| Other tangible fixed assets | 26 | €704 | €2,873 | +€2,169 | +308% |
| Financial fixed assets | 28 | €207,166 | €202,929 | -€4,237 | -2.0% |
| Current assets | 29/58 | €434,229 | €413,802 | -€20,427 | -4.7% |
| Amounts receivable within one year | 40/41 | €172,797 | €207,862 | +€35,064 | +20.3% |
| Trade receivables | 40 | €29,992 | €488 | -€29,504 | -98.4% |
| Other amounts receivable | 41 | €142,806 | €207,374 | +€64,569 | +45.2% |
| Current investments | 50/53 | €179,798 | €174,419 | -€5,379 | -3.0% |
| Cash at bank and in hand | 54/58 | €81,634 | €31,521 | -€50,113 | -61.4% |
| Total equity and liabilities | 10/49 | €642,099 | €619,603 | -€22,496 | -3.5% |
| Equity | 10/15 | €600,092 | €595,393 | -€4,699 | -0.8% |
| Contributions | 10/11 | €410,387 | €410,387 | = | 0.0% |
| Capital | 10 | €410,387 | €410,387 | = | 0.0% |
| Issued capital | 100 | €410,387 | €410,387 | = | 0.0% |
| Reserves | 13 | €363,400 | €304,070 | -€59,330 | -16.3% |
| Non-distributable reserves | 130/1 | €20,000 | €21,895 | +€1,895 | +9.5% |
| Legal reserve | 130 | €20,000 | €21,895 | +€1,895 | +9.5% |
| Tax-exempt reserves | 132 | €168,400 | €96,830 | -€71,570 | -42.5% |
| Distributable reserves | 133 | €175,000 | €185,345 | +€10,345 | +5.9% |
| Profit (loss) carried forward | 14 | -€173,695 | -€119,064 | +€54,631 | +31.5% |
| Amounts payable | 17/49 | €42,008 | €24,211 | -€17,797 | -42.4% |
| Amounts payable within one year | 42/48 | €42,008 | €24,211 | -€17,797 | -42.4% |
| Trade debts | 44 | €5,067 | €1,216 | -€3,850 | -76.0% |
| Suppliers | 440/4 | €5,067 | €1,216 | -€3,850 | -76.0% |
| Taxes, remuneration and social security | 45 | €16,940 | €14,481 | -€2,459 | -14.5% |
| Taxes | 450/3 | €11,508 | €14,422 | +€2,914 | +25.3% |
| Remuneration and social security | 454/9 | €5,432 | €59 | -€5,373 | -98.9% |
| Other amounts payable | 47/48 | €20,001 | €8,513 | -€11,487 | -57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €176 | €176 | = | 0.0% |
| Other operating charges | 640/8 | €1,424 | €1,344 | -€80 | -5.6% |
| Non-recurring operating charges | 66A | €1,569 | - | -€1,569 | |
| Gross operating margin | 9900 | €185,550 | €51,141 | -€134,409 | -72.4% |
| Operating profit (loss) | 9901 | €182,381 | €49,621 | -€132,761 | -72.8% |
| Financial income | 75/76B | €23,262 | €8,998 | -€14,264 | -61.3% |
| Recurring financial income | 75 | €23,262 | €8,595 | -€14,667 | -63.0% |
| Non-recurring financial income | 76B | - | €403 | +€403 | |
| Financial charges | 65/66B | €2,248 | €958 | -€1,290 | -57.4% |
| Recurring financial charges | 65 | €2,125 | €958 | -€1,167 | -54.9% |
| Non-recurring financial charges | 66B | €123 | €0 | -€123 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €203,396 | €57,661 | -€145,734 | -71.7% |
| Income taxes | 67/77 | €55,467 | €22,705 | -€32,762 | -59.1% |
| Profit (loss) for the period | 9904 | €147,929 | €34,956 | -€112,973 | -76.4% |
| Transfer from tax-exempt reserves | 789 | - | €84,200 | +€84,200 | |
| Transfer to tax-exempt reserves | 689 | €84,200 | €12,630 | -€71,570 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,729 | €106,526 | +€42,797 | +67.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.