FINAB: 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.
FINAB
Largest movements
- Cash -€278,465
down €278,465 (-25.5%), from €1.1m to €815,317
mainly Receivables within one year (-€265,662) and Investment in fixed assets (net) (-€243,500)
- Receivables within one year +€265,662
up €265,662 (+31.8%), from €835,268 to €1.1m
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€196,585
up €196,585 (+131%), from €149,658 to €346,243
of which Financial income: +€196,585
- Gross operating margin +€43,876
up €43,876 (+35.7%), from -€122,766 to -€78,890
- Financial charges +€13,532
up €13,532 (+1,725%), from €784 to €14,316
of which Non-recurring financial charges: +€13,534
- Other operating charges +€2,008
up €2,008 (+4.4%), from €45,844 to €47,853
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 | €25,885,921 | €26,026,117 | +€140,195 | +0.5% |
| Fixed assets | 21/28 | €23,948,048 | €24,108,409 | +€160,360 | +0.7% |
| Tangible fixed assets | 22/27 | €4,622,339 | €4,554,200 | -€68,140 | -1.5% |
| Furniture and vehicles | 24 | €1,750 | €16,750 | +€15,000 | +857% |
| Other tangible fixed assets | 26 | €4,620,589 | €4,537,450 | -€83,140 | -1.8% |
| Financial fixed assets | 28 | €19,325,709 | €19,554,209 | +€228,500 | +1.2% |
| Current assets | 29/58 | €1,937,873 | €1,917,708 | -€20,165 | -1.0% |
| Amounts receivable within one year | 40/41 | €835,268 | €1,100,931 | +€265,662 | +31.8% |
| Other amounts receivable | 41 | €835,268 | €1,100,931 | +€265,662 | +31.8% |
| Cash at bank and in hand | 54/58 | €1,093,782 | €815,317 | -€278,465 | -25.5% |
| Deferred charges and accrued income | 490/1 | €8,823 | €1,460 | -€7,363 | -83.5% |
| Total equity and liabilities | 10/49 | €25,885,921 | €26,026,117 | +€140,195 | +0.5% |
| Equity | 10/15 | €25,872,961 | €25,995,007 | +€122,045 | +0.5% |
| Contributions | 10/11 | €18,000,000 | €18,000,000 | = | 0.0% |
| Capital | 10 | €18,000,000 | €18,000,000 | = | 0.0% |
| Issued capital | 100 | €18,000,000 | €18,000,000 | = | 0.0% |
| Reserves | 13 | €2,800,000 | €2,800,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,800,000 | €1,800,000 | = | 0.0% |
| Legal reserve | 130 | €1,800,000 | €1,800,000 | = | 0.0% |
| Distributable reserves | 133 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,072,961 | €5,195,007 | +€122,045 | +2.4% |
| Amounts payable | 17/49 | €12,960 | €31,110 | +€18,150 | +140% |
| Amounts payable within one year | 42/48 | €12,100 | €30,250 | +€18,150 | +150% |
| Trade debts | 44 | €12,100 | €30,250 | +€18,150 | +150% |
| Suppliers | 440/4 | €12,100 | €30,250 | +€18,150 | +150% |
| Accrued charges and deferred income | 492/3 | €860 | €860 | = | 0.0% |
| Non-recurring operating income | 76A | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,369 | €83,140 | -€229 | -0.3% |
| Other operating charges | 640/8 | €45,844 | €47,853 | +€2,008 | +4.4% |
| Gross operating margin | 9900 | -€122,766 | -€78,890 | +€43,876 | +35.7% |
| Operating profit (loss) | 9901 | -€251,979 | -€209,882 | +€42,097 | +16.7% |
| Financial income | 75/76B | €149,658 | €346,243 | +€196,585 | +131% |
| Recurring financial income | 75 | €149,658 | €346,243 | +€196,585 | +131% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €784 | €14,316 | +€13,532 | +1,725% |
| Recurring financial charges | 65 | €784 | €782 | -€2 | -0.3% |
| Non-recurring financial charges | 66B | - | €13,534 | +€13,534 | |
| Profit (loss) for the period before taxes | 9903 | -€103,105 | €122,045 | +€225,151 | |
| Profit (loss) for the period | 9904 | -€103,105 | €122,045 | +€225,151 | |
| Profit (loss) for the period to be appropriated | 9905 | -€103,105 | €122,045 | +€225,151 |
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 14 October 2026 via checked.be.