FINAID: what changed
Two fiscal 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.
FINAID
Largest movements
- Receivables within one year +€623,013
up €623,013 (+36.7%), from €1.7m to €2.3m
of which Other amounts receivable: +€620,928
- Tangible fixed assets -€257,188
down €257,188 (-15.6%), from €1.6m to €1.4m
of which Land and buildings: -€222,759
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Cash -€135,463
down €135,463 (-36.0%), from €375,780 to €240,317
mainly Receivables within one year (-€623,013) and Trade debts (-€4,234)
- Reserves +€90,404
up €90,404 (+2.7%), from €3.4m to €3.5m
of which Distributable reserves: +€96,611
- Gross operating margin -€112,768
down €112,768 (-44.0%), from €256,500 to €143,733
- Financial income +€11,885
up €11,885 (+24.3%), from €48,836 to €60,721
- Financial charges -€9,508
down €9,508 (-96.0%), from €9,909 to €401
of which Non-recurring financial charges: -€9,540
- Taxes -€6,532
down €6,532 (-13.9%), from €46,837 to €40,306
- Other operating charges -€4,854
down €4,854 (-45.5%), from €10,676 to €5,822
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 | €3,870,400 | €3,950,772 | +€80,372 | +2.1% |
| Fixed assets | 21/28 | €1,647,663 | €1,390,475 | -€257,188 | -15.6% |
| Tangible fixed assets | 22/27 | €1,647,644 | €1,390,456 | -€257,188 | -15.6% |
| Land and buildings | 22 | €1,012,226 | €789,467 | -€222,759 | -22.0% |
| Plant, machinery and equipment | 23 | €63,323 | €53,942 | -€9,381 | -14.8% |
| Other tangible fixed assets | 26 | €572,095 | €547,047 | -€25,048 | -4.4% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €2,222,737 | €2,560,297 | +€337,560 | +15.2% |
| Amounts receivable within one year | 40/41 | €1,696,698 | €2,319,711 | +€623,013 | +36.7% |
| Trade receivables | 40 | - | €2,085 | +€2,085 | |
| Other amounts receivable | 41 | €1,696,698 | €2,317,626 | +€620,928 | +36.6% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €375,780 | €240,317 | -€135,463 | -36.0% |
| Deferred charges and accrued income | 490/1 | €259 | €269 | +€10 | +3.9% |
| Total equity and liabilities | 10/49 | €3,870,400 | €3,950,772 | +€80,372 | +2.1% |
| Equity | 10/15 | €3,815,332 | €3,905,737 | +€90,404 | +2.4% |
| Contributions | 10/11 | €430,293 | €430,293 | = | 0.0% |
| Capital | 10 | €70,060 | €70,060 | = | 0.0% |
| Issued capital | 100 | €70,060 | €70,060 | = | 0.0% |
| Outside capital | 11 | €360,233 | €360,233 | = | 0.0% |
| Share premium | 1100/10 | €360,233 | €360,233 | = | 0.0% |
| Reserves | 13 | €3,385,039 | €3,475,444 | +€90,404 | +2.7% |
| Non-distributable reserves | 130/1 | €7,006 | €7,006 | = | 0.0% |
| Legal reserve | 130 | €7,006 | €7,006 | = | 0.0% |
| Tax-exempt reserves | 132 | €113,917 | €107,711 | -€6,207 | -5.4% |
| Distributable reserves | 133 | €3,264,116 | €3,360,727 | +€96,611 | +3.0% |
| Provisions and deferred taxes | 16 | €23,792 | €22,240 | -€1,552 | -6.5% |
| Deferred taxes | 168 | €23,792 | €22,240 | -€1,552 | -6.5% |
| Amounts payable | 17/49 | €31,276 | €22,795 | -€8,481 | -27.1% |
| Amounts payable within one year | 42/48 | €31,276 | €22,795 | -€8,481 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €100 | €100 | = | 0.0% |
| Trade debts | 44 | €4,945 | €711 | -€4,234 | -85.6% |
| Suppliers | 440/4 | €4,945 | €711 | -€4,234 | -85.6% |
| Taxes, remuneration and social security | 45 | €25,796 | €21,984 | -€3,812 | -14.8% |
| Taxes | 450/3 | €25,796 | €21,984 | -€3,812 | -14.8% |
| Other amounts payable | 47/48 | €435 | - | -€435 | |
| Non-recurring operating income | 76A | €161,660 | €47,108 | -€114,552 | -70.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,516 | €69,072 | -€2,444 | -3.4% |
| Other operating charges | 640/8 | €10,676 | €5,822 | -€4,854 | -45.5% |
| Gross operating margin | 9900 | €256,500 | €143,733 | -€112,768 | -44.0% |
| Operating profit (loss) | 9901 | €174,308 | €68,838 | -€105,470 | -60.5% |
| Financial income | 75/76B | €48,836 | €60,721 | +€11,885 | +24.3% |
| Recurring financial income | 75 | €48,836 | €60,721 | +€11,885 | +24.3% |
| Financial charges | 65/66B | €9,909 | €401 | -€9,508 | -96.0% |
| Recurring financial charges | 65 | €369 | €401 | +€32 | +8.7% |
| Non-recurring financial charges | 66B | €9,540 | - | -€9,540 | |
| Profit (loss) for the period before taxes | 9903 | €213,236 | €129,158 | -€84,077 | -39.4% |
| Transfer from deferred taxes | 780 | €1,552 | €1,552 | = | 0.0% |
| Income taxes | 67/77 | €46,837 | €40,306 | -€6,532 | -13.9% |
| Profit (loss) for the period | 9904 | €167,950 | €90,404 | -€77,545 | -46.2% |
| Transfer from tax-exempt reserves | 789 | €6,207 | €6,207 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €174,156 | €96,611 | -€77,545 | -44.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.