FINAFLAM AND PARTNERS: 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.
FINAFLAM AND PARTNERS
Largest movements
- Receivables within one year -€56,641
down €56,641 (-25.6%), from €221,644 to €165,002
of which Trade receivables: -€53,880
- Tangible fixed assets +€46,723
up €46,723 (+9.1%), from €514,618 to €561,341
of which Land and buildings: +€37,597
- Cash -€43,735
down €43,735 (-31.8%), from €137,425 to €93,690
mainly Trade debts (-€135,079) and Investment in fixed assets (net) (-€101,996)
- Trade debts -€135,079
down €135,079 (-53.0%), from €254,861 to €119,782
- Reserves +€75,000
up €75,000 (+81.6%), from €91,859 to €166,859
- Other debts -€25,000
down €25,000 (-80.9%), from €30,898 to €5,898
- Debts after one year +€11,504
up €11,504 (+4.2%), from €271,844 to €283,348
- Tax, wage and social debts +€11,160
up €11,160 (+34.9%), from €31,950 to €43,110
of which Remuneration and social security: +€6,175
- Gross operating margin +€80,114
up €80,114 (+26.0%), from €308,308 to €388,422
- Staff costs +€24,437
up €24,437 (+14.3%), from €170,611 to €195,048
- Taxes +€12,895
up €12,895 (+65.8%), from €19,598 to €32,494
- Depreciation +€8,567
up €8,567 (+18.4%), from €46,606 to €55,173
- Other operating charges +€5,305
up €5,305 (+33.1%), from €16,046 to €21,351
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 | €1,074,985 | €1,023,204 | -€51,781 | -4.8% |
| Fixed assets | 21/28 | €515,774 | €562,597 | +€46,823 | +9.1% |
| Tangible fixed assets | 22/27 | €514,618 | €561,341 | +€46,723 | +9.1% |
| Land and buildings | 22 | €435,742 | €473,339 | +€37,597 | +8.6% |
| Plant, machinery and equipment | 23 | €30,874 | €23,610 | -€7,264 | -23.5% |
| Furniture and vehicles | 24 | €44,689 | €63,563 | +€18,874 | +42.2% |
| Leasing and similar rights | 25 | €3,313 | €828 | -€2,485 | -75.0% |
| Financial fixed assets | 28 | €1,157 | €1,257 | +€100 | +8.6% |
| Current assets | 29/58 | €559,211 | €460,606 | -€98,604 | -17.6% |
| Stocks and contracts in progress | 3 | €193,763 | €199,347 | +€5,584 | +2.9% |
| Stocks | 30/36 | €193,763 | €199,347 | +€5,584 | +2.9% |
| Amounts receivable within one year | 40/41 | €221,644 | €165,002 | -€56,641 | -25.6% |
| Trade receivables | 40 | €96,605 | €42,726 | -€53,880 | -55.8% |
| Other amounts receivable | 41 | €125,038 | €122,277 | -€2,762 | -2.2% |
| Cash at bank and in hand | 54/58 | €137,425 | €93,690 | -€43,735 | -31.8% |
| Deferred charges and accrued income | 490/1 | €6,379 | €2,567 | -€3,812 | -59.8% |
| Total equity and liabilities | 10/49 | €1,074,985 | €1,023,204 | -€51,781 | -4.8% |
| Equity | 10/15 | €455,895 | €532,307 | +€76,412 | +16.8% |
| Contributions | 10/11 | €13,977 | €13,977 | = | 0.0% |
| Reserves | 13 | €91,859 | €166,859 | +€75,000 | +81.6% |
| Distributable reserves | 133 | €91,859 | €166,859 | +€75,000 | +81.6% |
| Profit (loss) carried forward | 14 | €350,059 | €351,471 | +€1,412 | +0.4% |
| Amounts payable | 17/49 | €619,090 | €490,897 | -€128,193 | -20.7% |
| Amounts payable after more than one year | 17 | €271,844 | €283,348 | +€11,504 | +4.2% |
| Financial debts | 170/4 | €271,844 | €283,348 | +€11,504 | +4.2% |
| Amounts payable within one year | 42/48 | €347,246 | €207,550 | -€139,696 | -40.2% |
| Current portion of amounts payable after more than one year | 42 | €29,536 | €38,759 | +€9,223 | +31.2% |
| Trade debts | 44 | €254,861 | €119,782 | -€135,079 | -53.0% |
| Suppliers | 440/4 | €254,861 | €119,782 | -€135,079 | -53.0% |
| Taxes, remuneration and social security | 45 | €31,950 | €43,110 | +€11,160 | +34.9% |
| Taxes | 450/3 | €2,605 | €7,589 | +€4,984 | +191% |
| Remuneration and social security | 454/9 | €29,346 | €35,521 | +€6,175 | +21.0% |
| Other amounts payable | 47/48 | €30,898 | €5,898 | -€25,000 | -80.9% |
| Remuneration, social security and pensions | 62 | €170,611 | €195,048 | +€24,437 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,606 | €55,173 | +€8,567 | +18.4% |
| Other operating charges | 640/8 | €16,046 | €21,351 | +€5,305 | +33.1% |
| Gross operating margin | 9900 | €308,308 | €388,422 | +€80,114 | +26.0% |
| Operating profit (loss) | 9901 | €75,045 | €116,851 | +€41,806 | +55.7% |
| Financial income | 75/76B | €3,379 | €2,596 | -€783 | -23.2% |
| Recurring financial income | 75 | €3,379 | €2,596 | -€783 | -23.2% |
| Financial charges | 65/66B | €12,282 | €10,542 | -€1,740 | -14.2% |
| Recurring financial charges | 65 | €12,282 | €10,542 | -€1,740 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | €66,142 | €108,905 | +€42,763 | +64.7% |
| Income taxes | 67/77 | €19,598 | €32,494 | +€12,895 | +65.8% |
| Profit (loss) for the period | 9904 | €46,543 | €76,412 | +€29,868 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,543 | €76,412 | +€29,868 | +64.2% |
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 31 October 2026 via checked.be.