Fina Mea: 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.
Fina Mea
Largest movements
- Cash -€25,536
down €25,536 (-13.6%), from €187,229 to €161,693
mainly Contributions, distributions and other (-€117,102) and Other debts (-€17,949)
- Tangible fixed assets -€10,715
down €10,715 (-5.1%), from €209,539 to €198,824
of which Land and buildings: -€12,007
- Current investments -€7,802
down €7,802 (-100%), from €7,802 to €0
- Receivables within one year -€5,685
down €5,685 (-14.9%), from €38,198 to €32,512
of which Trade receivables: -€5,581
- Reserves -€19,363
down €19,363 (-23.7%), from €81,623 to €62,260
- Other debts -€17,949
down €17,949 (-15.4%), from €116,203 to €98,254
- Debts after one year -€8,934
down €8,934 (-4.3%), from €205,994 to €197,060
- Financial income +€35,100
up €35,100 (+154,013%), from €23 to €35,122
- Write-downs -€12,853
down €12,853, from €6,427 to -€6,427
- Gross operating margin -€11,962
down €11,962 (-10.2%), from €117,575 to €105,613
- Taxes +€9,245
up €9,245 (+52.1%), from €17,729 to €26,974
- Financial charges +€1,472
up €1,472 (+32.9%), from €4,478 to €5,950
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 | €443,408 | €393,705 | -€49,703 | -11.2% |
| Fixed assets | 21/28 | €209,539 | €198,824 | -€10,715 | -5.1% |
| Tangible fixed assets | 22/27 | €209,539 | €198,824 | -€10,715 | -5.1% |
| Land and buildings | 22 | €202,637 | €190,631 | -€12,007 | -5.9% |
| Plant, machinery and equipment | 23 | €1,883 | €1,678 | -€206 | -10.9% |
| Furniture and vehicles | 24 | €1,556 | €844 | -€712 | -45.8% |
| Other tangible fixed assets | 26 | €3,463 | €5,672 | +€2,209 | +63.8% |
| Current assets | 29/58 | €233,868 | €194,881 | -€38,988 | -16.7% |
| Amounts receivable within one year | 40/41 | €38,198 | €32,512 | -€5,685 | -14.9% |
| Trade receivables | 40 | €28,425 | €22,844 | -€5,581 | -19.6% |
| Other amounts receivable | 41 | €9,773 | €9,669 | -€105 | -1.1% |
| Current investments | 50/53 | €7,802 | €0 | -€7,802 | -100% |
| Cash at bank and in hand | 54/58 | €187,229 | €161,693 | -€25,536 | -13.6% |
| Deferred charges and accrued income | 490/1 | €639 | €676 | +€36 | +5.7% |
| Total equity and liabilities | 10/49 | €443,408 | €393,705 | -€49,703 | -11.2% |
| Equity | 10/15 | €100,223 | €80,860 | -€19,363 | -19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €81,623 | €62,260 | -€19,363 | -23.7% |
| Distributable reserves | 133 | €81,623 | €62,260 | -€19,363 | -23.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €343,184 | €312,844 | -€30,340 | -8.8% |
| Amounts payable after more than one year | 17 | €205,994 | €197,060 | -€8,934 | -4.3% |
| Financial debts | 170/4 | €205,994 | €197,060 | -€8,934 | -4.3% |
| Amounts payable within one year | 42/48 | €136,790 | €115,385 | -€21,405 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €8,819 | €8,934 | +€115 | +1.3% |
| Trade debts | 44 | €1,755 | €1,850 | +€95 | +5.4% |
| Suppliers | 440/4 | €1,755 | €1,850 | +€95 | +5.4% |
| Taxes, remuneration and social security | 45 | €10,012 | €6,346 | -€3,666 | -36.6% |
| Taxes | 450/3 | €10,012 | €6,346 | -€3,666 | -36.6% |
| Other amounts payable | 47/48 | €116,203 | €98,254 | -€17,949 | -15.4% |
| Accrued charges and deferred income | 492/3 | €400 | €400 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,907 | €13,685 | +€778 | +6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,427 | -€6,427 | -€12,853 | |
| Other operating charges | 640/8 | €2,756 | €2,815 | +€58 | +2.1% |
| Gross operating margin | 9900 | €117,575 | €105,613 | -€11,962 | -10.2% |
| Operating profit (loss) | 9901 | €95,486 | €95,540 | +€54 | +0.1% |
| Financial income | 75/76B | €23 | €35,122 | +€35,100 | +154,013% |
| Recurring financial income | 75 | €23 | €35,122 | +€35,100 | +154,013% |
| Financial charges | 65/66B | €4,478 | €5,950 | +€1,472 | +32.9% |
| Recurring financial charges | 65 | €4,478 | €5,950 | +€1,472 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €91,031 | €124,713 | +€33,682 | +37.0% |
| Income taxes | 67/77 | €17,729 | €26,974 | +€9,245 | +52.1% |
| Profit (loss) for the period | 9904 | €73,302 | €97,739 | +€24,437 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €73,302 | €97,739 | +€24,437 | +33.3% |
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 28 October 2026 via checked.be.