Fin4em: 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.
Fin4em
Largest movements
- Cash -€52,639
down €52,639 (-60.4%), from €87,131 to €34,491
mainly Contributions, distributions and other (-€25,645) and Other debts (-€23,734)
- Tangible fixed assets +€5,507
up €5,507 (+33.2%), from €16,564 to €22,071
of which Furniture and vehicles: +€5,838
- Receivables within one year +€1,998
up €1,998 (+48.3%), from €4,137 to €6,135
of which Other amounts receivable: +€2,095
- Reserves -€25,385
down €25,385 (-82.5%), from €30,784 to €5,398
of which Distributable reserves: -€25,385
- Other debts -€23,734
down €23,734 (-50.6%), from €46,924 to €23,190
- Trade debts +€2,367
up €2,367 (+108.2%), from €2,189 to €4,556
- Accrued charges and deferred income +€1,637
up €1,637 (+52.5%), from €3,116 to €4,753
- Gross operating margin -€2,367
down €2,367 (-29.3%), from €8,086 to €5,718
- Taxes -€1,884
down €1,884 (-82.3%), from €2,289 to €405
- Depreciation +€1,640
up €1,640 (+125.1%), from €1,311 to €2,952
- Financial charges +€1,374
up €1,374 (+416.4%), from €330 to €1,703
- Financial income -€881
down €881 (-99.9%), from €882 to €1
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 | €107,832 | €62,697 | -€45,135 | -41.9% |
| Fixed assets | 21/28 | €16,564 | €22,071 | +€5,507 | +33.2% |
| Tangible fixed assets | 22/27 | €16,564 | €22,071 | +€5,507 | +33.2% |
| Land and buildings | 22 | €13,283 | €12,952 | -€331 | -2.5% |
| Furniture and vehicles | 24 | €3,281 | €9,119 | +€5,838 | +177.9% |
| Current assets | 29/58 | €91,268 | €40,626 | -€50,642 | -55.5% |
| Amounts receivable within one year | 40/41 | €4,137 | €6,135 | +€1,998 | +48.3% |
| Trade receivables | 40 | €2,161 | €2,064 | -€98 | -4.5% |
| Other amounts receivable | 41 | €1,976 | €4,071 | +€2,095 | +106.1% |
| Cash at bank and in hand | 54/58 | €87,131 | €34,491 | -€52,639 | -60.4% |
| Total equity and liabilities | 10/49 | €107,832 | €62,697 | -€45,135 | -41.9% |
| Equity | 10/15 | €49,384 | €23,998 | -€25,385 | -51.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,784 | €5,398 | -€25,385 | -82.5% |
| Non-distributable reserves | 130/1 | €489 | €489 | = | 0.0% |
| Reserves not available under the articles | 1311 | €489 | €489 | = | 0.0% |
| Distributable reserves | 133 | €30,295 | €4,910 | -€25,385 | -83.8% |
| Amounts payable | 17/49 | €58,448 | €38,699 | -€19,750 | -33.8% |
| Amounts payable within one year | 42/48 | €55,332 | €33,946 | -€21,387 | -38.7% |
| Financial debts | 43 | €6,200 | €6,200 | = | 0.0% |
| Other loans | 439 | €6,200 | €6,200 | = | 0.0% |
| Trade debts | 44 | €2,189 | €4,556 | +€2,367 | +108.2% |
| Suppliers | 440/4 | €2,189 | €4,556 | +€2,367 | +108.2% |
| Taxes, remuneration and social security | 45 | €20 | - | -€20 | |
| Taxes | 450/3 | €20 | - | -€20 | |
| Other amounts payable | 47/48 | €46,924 | €23,190 | -€23,734 | -50.6% |
| Accrued charges and deferred income | 492/3 | €3,116 | €4,753 | +€1,637 | +52.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,311 | €2,952 | +€1,640 | +125.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €8,086 | €5,718 | -€2,367 | -29.3% |
| Operating profit (loss) | 9901 | €6,387 | €2,367 | -€4,020 | -62.9% |
| Financial income | 75/76B | €882 | €1 | -€881 | -99.9% |
| Recurring financial income | 75 | €882 | €1 | -€881 | -99.9% |
| Financial charges | 65/66B | €330 | €1,703 | +€1,374 | +416.4% |
| Recurring financial charges | 65 | €330 | €1,703 | +€1,374 | +416.4% |
| Profit (loss) for the period before taxes | 9903 | €6,939 | €665 | -€6,274 | -90.4% |
| Income taxes | 67/77 | €2,289 | €405 | -€1,884 | -82.3% |
| Profit (loss) for the period | 9904 | €4,650 | €260 | -€4,390 | -94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,650 | €260 | -€4,390 | -94.4% |
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 9 October 2026 via checked.be.