FINAGES: what changed
FINAGES
Largest movements
- Cash +€195,937
up €195,937 (+8,004%), from €2,448 to €198,385
mainly Net result for the year (+€161,690) and Tax, wage and social debts (+€52,137)
- Receivables within one year +€12,741
up €12,741 (+63.6%), from €20,027 to €32,768
of which Other amounts receivable: +€13,128
- Tangible fixed assets -€9,480
down €9,480 (-5.2%), from €180,816 to €171,337
of which Land and buildings: -€8,583
- Profit (loss) carried forward +€61,690
up €61,690 (+67.1%), from €91,875 to €153,565
- Reserves +€61,000
up €61,000 (+79.4%), from €76,860 to €137,860
of which Distributable reserves: +€62,860
- Tax, wage and social debts +€52,137
up €52,137 (+2,467%), from €2,114 to €54,251
of which Taxes: +€52,451
- Other debts +€20,969
up €20,969 (+135%), from €15,496 to €36,465
- Gross operating margin +€204,979
up €204,979 (+514%), from €39,898 to €244,877
- Taxes +€58,426
up €58,426 (+2,474%), from €2,362 to €60,788
- Other operating charges +€2,468
up €2,468 (+84.6%), from €2,919 to €5,387
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €205,468 | €403,769 | +€198,300 | +96.5% |
| Fixed assets | 21/28 | €181,179 | €171,700 | -€9,480 | -5.2% |
| Tangible fixed assets | 22/27 | €180,816 | €171,337 | -€9,480 | -5.2% |
| Land and buildings | 22 | €178,007 | €169,425 | -€8,583 | -4.8% |
| Furniture and vehicles | 24 | €2,809 | €1,912 | -€897 | -31.9% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €24,289 | €232,069 | +€207,780 | +855% |
| Amounts receivable within one year | 40/41 | €20,027 | €32,768 | +€12,741 | +63.6% |
| Trade receivables | 40 | €13,327 | €12,940 | -€387 | -2.9% |
| Other amounts receivable | 41 | €6,700 | €19,828 | +€13,128 | +196% |
| Cash at bank and in hand | 54/58 | €2,448 | €198,385 | +€195,937 | +8,004% |
| Deferred charges and accrued income | 490/1 | €1,815 | €916 | -€898 | -49.5% |
| Total equity and liabilities | 10/49 | €205,468 | €403,769 | +€198,300 | +96.5% |
| Equity | 10/15 | €187,335 | €310,025 | +€122,690 | +65.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €76,860 | €137,860 | +€61,000 | +79.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €75,000 | €137,860 | +€62,860 | +83.8% |
| Profit (loss) carried forward | 14 | €91,875 | €153,565 | +€61,690 | +67.1% |
| Amounts payable | 17/49 | €18,134 | €93,744 | +€75,610 | +417% |
| Amounts payable within one year | 42/48 | €18,134 | €93,744 | +€75,610 | +417% |
| Trade debts | 44 | €524 | €3,028 | +€2,504 | +478% |
| Suppliers | 440/4 | €524 | €3,028 | +€2,504 | +478% |
| Taxes, remuneration and social security | 45 | €2,114 | €54,251 | +€52,137 | +2,467% |
| Taxes | 450/3 | €1,800 | €54,251 | +€52,451 | +2,914% |
| Remuneration and social security | 454/9 | €314 | - | -€314 | |
| Other amounts payable | 47/48 | €15,496 | €36,465 | +€20,969 | +135% |
| Remuneration, social security and pensions | 62 | €5,406 | €7,243 | +€1,837 | +34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,088 | €9,480 | +€392 | +4.3% |
| Other operating charges | 640/8 | €2,919 | €5,387 | +€2,468 | +84.6% |
| Gross operating margin | 9900 | €39,898 | €244,877 | +€204,979 | +514% |
| Operating profit (loss) | 9901 | €22,486 | €222,768 | +€200,282 | +891% |
| Financial income | 75/76B | €2 | €17 | +€15 | +836% |
| Recurring financial income | 75 | €2 | €17 | +€15 | +836% |
| Financial charges | 65/66B | €869 | €306 | -€563 | -64.8% |
| Recurring financial charges | 65 | €869 | €306 | -€563 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | €21,618 | €222,478 | +€200,860 | +929% |
| Income taxes | 67/77 | €2,362 | €60,788 | +€58,426 | +2,474% |
| Profit (loss) for the period | 9904 | €19,256 | €161,690 | +€142,434 | +740% |
| Profit (loss) for the period to be appropriated | 9905 | €19,256 | €161,690 | +€142,434 | +740% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.