FINALE 24: 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.
FINALE 24
Largest movements
- Cash +€96,609
up €96,609 (+24.0%), from €401,733 to €498,342
mainly Net result for the year (+€120,165) and Current investments (+€30,000)
- Tangible fixed assets +€34,607
up €34,607 (+140.9%), from €24,566 to €59,173
of which Furniture and vehicles: +€26,887
- Current investments -€30,000
down €30,000 (-10.0%), from €300,000 to €270,000
- Reserves +€93,891
up €93,891 (+11.0%), from €853,078 to €946,969
- Tax, wage and social debts -€30,653
down €30,653 (-97.0%), from €31,589 to €936
of which Taxes: -€30,653
- Other debts +€25,441
up €25,441 (+3054.2%), from €833 to €26,274
- Gross operating margin -€84,353
down €84,353 (-27.7%), from €304,974 to €220,620
- Taxes -€42,108
down €42,108 (-46.0%), from €91,453 to €49,345
- Financial charges +€40,471
up €40,471 (+6636.0%), from €610 to €41,080
- Depreciation +€8,163
up €8,163 (+115.8%), from €7,047 to €15,210
- Financial income +€6,678
up €6,678 (+19440.5%), from €34 to €6,712
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 | €998,877 | €1,096,421 | +€97,544 | +9.8% |
| Fixed assets | 21/28 | €24,695 | €59,302 | +€34,607 | +140.1% |
| Tangible fixed assets | 22/27 | €24,566 | €59,173 | +€34,607 | +140.9% |
| Plant, machinery and equipment | 23 | - | €7,719 | +€7,719 | |
| Furniture and vehicles | 24 | €24,566 | €51,453 | +€26,887 | +109.4% |
| Financial fixed assets | 28 | €129 | €129 | = | 0.0% |
| Current assets | 29/58 | €974,182 | €1,037,119 | +€62,937 | +6.5% |
| Stocks and contracts in progress | 3 | €168,643 | €161,510 | -€7,134 | -4.2% |
| Stocks | 30/36 | €168,643 | €161,510 | -€7,134 | -4.2% |
| Amounts receivable within one year | 40/41 | €101,223 | €103,500 | +€2,277 | +2.2% |
| Trade receivables | 40 | €53,966 | €54,613 | +€647 | +1.2% |
| Other amounts receivable | 41 | €47,256 | €48,886 | +€1,630 | +3.4% |
| Current investments | 50/53 | €300,000 | €270,000 | -€30,000 | -10.0% |
| Cash at bank and in hand | 54/58 | €401,733 | €498,342 | +€96,609 | +24.0% |
| Deferred charges and accrued income | 490/1 | €2,583 | €3,768 | +€1,185 | +45.9% |
| Total equity and liabilities | 10/49 | €998,877 | €1,096,421 | +€97,544 | +9.8% |
| Equity | 10/15 | €917,845 | €1,011,736 | +€93,891 | +10.2% |
| Contributions | 10/11 | €478 | €478 | = | 0.0% |
| Reserves | 13 | €853,078 | €946,969 | +€93,891 | +11.0% |
| Distributable reserves | 133 | €853,078 | €946,969 | +€93,891 | +11.0% |
| Profit (loss) carried forward | 14 | €64,289 | €64,289 | = | 0.0% |
| Amounts payable | 17/49 | €81,032 | €84,685 | +€3,653 | +4.5% |
| Amounts payable within one year | 42/48 | €81,032 | €84,685 | +€3,653 | +4.5% |
| Trade debts | 44 | €48,610 | €57,475 | +€8,865 | +18.2% |
| Suppliers | 440/4 | €48,610 | €57,475 | +€8,865 | +18.2% |
| Taxes, remuneration and social security | 45 | €31,589 | €936 | -€30,653 | -97.0% |
| Taxes | 450/3 | €31,589 | €936 | -€30,653 | -97.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €833 | €26,274 | +€25,441 | +3054.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,047 | €15,210 | +€8,163 | +115.8% |
| Other operating charges | 640/8 | €3,083 | €1,532 | -€1,551 | -50.3% |
| Gross operating margin | 9900 | €304,974 | €220,620 | -€84,353 | -27.7% |
| Operating profit (loss) | 9901 | €294,844 | €203,879 | -€90,965 | -30.9% |
| Financial income | 75/76B | €34 | €6,712 | +€6,678 | +19440.5% |
| Recurring financial income | 75 | €34 | €6,712 | +€6,678 | +19440.5% |
| Financial charges | 65/66B | €610 | €41,080 | +€40,471 | +6636.0% |
| Recurring financial charges | 65 | €610 | €41,080 | +€40,471 | +6636.0% |
| Profit (loss) for the period before taxes | 9903 | €294,268 | €169,511 | -€124,758 | -42.4% |
| Income taxes | 67/77 | €91,453 | €49,345 | -€42,108 | -46.0% |
| Profit (loss) for the period | 9904 | €202,815 | €120,165 | -€82,649 | -40.8% |
| Profit (loss) for the period to be appropriated | 9905 | €202,815 | €120,165 | -€82,649 | -40.8% |
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 7 October 2026 via checked.be.