FIN LAND: 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.
FIN LAND
Largest movements
- Cash -€244,548
down €244,548 (-88.3%), from €276,930 to €32,382
mainly Contributions, distributions and other (-€194,094) and Receivables after one year (-€121,727)
- Receivables after one year +€121,727
new in 2025: €121,727
- Receivables within one year +€35,483
up €35,483 (+41.8%), from €84,814 to €120,297
of which Trade receivables: +€32,992
- Tangible fixed assets +€13,239
up €13,239 (+67.9%), from €19,498 to €32,738
of which Furniture and vehicles: +€15,855
- Reserves -€82,876
down €82,876 (-26.0%), from €318,209 to €235,333
- Trade debts +€13,064
up €13,064 (+755%), from €1,730 to €14,794
- Tax, wage and social debts -€5,739
down €5,739 (-11.9%), from €48,226 to €42,488
- Gross operating margin +€72,638
up €72,638 (+78.1%), from €93,023 to €165,661
- Taxes +€26,957
up €26,957 (+106%), from €25,394 to €52,351
- Financial income +€12,996
up €12,996 (+758%), from €1,715 to €14,711
- Depreciation +€4,682
up €4,682 (+41.3%), from €11,337 to €16,019
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 | €381,905 | €307,551 | -€74,354 | -19.5% |
| Fixed assets | 21/28 | €19,573 | €32,812 | +€13,239 | +67.6% |
| Tangible fixed assets | 22/27 | €19,498 | €32,738 | +€13,239 | +67.9% |
| Land and buildings | 22 | €14,597 | €12,759 | -€1,838 | -12.6% |
| Plant, machinery and equipment | 23 | €1,131 | €416 | -€715 | -63.2% |
| Furniture and vehicles | 24 | €3,707 | €19,562 | +€15,855 | +428% |
| Other tangible fixed assets | 26 | €63 | - | -€63 | |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €362,332 | €274,738 | -€87,594 | -24.2% |
| Amounts receivable after more than one year | 29 | - | €121,727 | +€121,727 | |
| Other amounts receivable | 291 | - | €121,727 | +€121,727 | |
| Amounts receivable within one year | 40/41 | €84,814 | €120,297 | +€35,483 | +41.8% |
| Trade receivables | 40 | €21,967 | €54,959 | +€32,992 | +150% |
| Other amounts receivable | 41 | €62,847 | €65,338 | +€2,491 | +4.0% |
| Cash at bank and in hand | 54/58 | €276,930 | €32,382 | -€244,548 | -88.3% |
| Deferred charges and accrued income | 490/1 | €588 | €332 | -€256 | -43.5% |
| Total equity and liabilities | 10/49 | €381,905 | €307,551 | -€74,354 | -19.5% |
| Equity | 10/15 | €331,949 | €249,073 | -€82,876 | -25.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €318,209 | €235,333 | -€82,876 | -26.0% |
| Distributable reserves | 133 | €318,209 | €235,333 | -€82,876 | -26.0% |
| Profit (loss) carried forward | 14 | €1,340 | €1,340 | = | 0.0% |
| Amounts payable | 17/49 | €49,956 | €58,478 | +€8,522 | +17.1% |
| Amounts payable within one year | 42/48 | €49,956 | €57,282 | +€7,326 | +14.7% |
| Trade debts | 44 | €1,730 | €14,794 | +€13,064 | +755% |
| Suppliers | 440/4 | €1,730 | €14,794 | +€13,064 | +755% |
| Taxes, remuneration and social security | 45 | €48,226 | €42,488 | -€5,739 | -11.9% |
| Taxes | 450/3 | €48,226 | €42,488 | -€5,739 | -11.9% |
| Accrued charges and deferred income | 492/3 | - | €1,196 | +€1,196 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,337 | €16,019 | +€4,682 | +41.3% |
| Other operating charges | 640/8 | €400 | €387 | -€12 | -3.1% |
| Gross operating margin | 9900 | €93,023 | €165,661 | +€72,638 | +78.1% |
| Operating profit (loss) | 9901 | €81,286 | €149,254 | +€67,968 | +83.6% |
| Financial income | 75/76B | €1,715 | €14,711 | +€12,996 | +758% |
| Recurring financial income | 75 | €1,715 | €14,711 | +€12,996 | +758% |
| Financial charges | 65/66B | €363 | €396 | +€34 | +9.3% |
| Recurring financial charges | 65 | €363 | €396 | +€34 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €82,639 | €163,569 | +€80,930 | +97.9% |
| Income taxes | 67/77 | €25,394 | €52,351 | +€26,957 | +106% |
| Profit (loss) for the period | 9904 | €57,245 | €111,218 | +€53,973 | +94.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,245 | €111,218 | +€53,973 | +94.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.