FINALEASE: 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.
FINALEASE
Largest movements
- Tangible fixed assets -€514,398
down €514,398 (-12.3%), from €4.2m to €3.7m
of which Land and buildings: -€339,477
- Cash +€191,125
up €191,125 (+1700.7%), from €11,238 to €202,364
mainly Depreciation (+€279,212) and Investment in fixed assets (net) (+€235,186)
- Profit (loss) carried forward +€457,987
up €457,987, from -€76,140 to €381,846
- Reserves -€347,192
down €347,192 (-20.6%), from €1.7m to €1.3m
of which Tax-exempt reserves: -€347,192
- Other debts -€341,404
down €341,404 (-38.1%), from €895,795 to €554,391
- Provisions -€115,731
down €115,731 (-20.8%), from €556,433 to €440,702
- Debts after one year -€68,039
down €68,039 (-6.4%), from €1.1m to €993,828
- Gross operating margin +€295,039
up €295,039 (+194.2%), from €151,930 to €446,969
- Taxes +€138,261
up €138,261 (+28080.8%), from €492 to €138,754
- Depreciation -€13,046
down €13,046 (-4.5%), from €292,258 to €279,212
- Other operating charges -€10,207
down €10,207 (-27.2%), from €37,532 to €27,325
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 | €4,256,856 | €3,930,822 | -€326,034 | -7.7% |
| Fixed assets | 21/28 | €4,182,153 | €3,667,755 | -€514,398 | -12.3% |
| Tangible fixed assets | 22/27 | €4,181,905 | €3,667,507 | -€514,398 | -12.3% |
| Land and buildings | 22 | €3,296,483 | €2,957,006 | -€339,477 | -10.3% |
| Furniture and vehicles | 24 | €4,106 | €5,304 | +€1,198 | +29.2% |
| Other tangible fixed assets | 26 | €881,316 | €705,198 | -€176,119 | -20.0% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €74,703 | €263,066 | +€188,363 | +252.2% |
| Amounts receivable within one year | 40/41 | €59,010 | €56,307 | -€2,702 | -4.6% |
| Trade receivables | 40 | €1,867 | - | -€1,867 | |
| Other amounts receivable | 41 | €57,142 | €56,307 | -€835 | -1.5% |
| Cash at bank and in hand | 54/58 | €11,238 | €202,364 | +€191,125 | +1700.7% |
| Deferred charges and accrued income | 490/1 | €4,455 | €4,395 | -€60 | -1.3% |
| Total equity and liabilities | 10/49 | €4,256,856 | €3,930,822 | -€326,034 | -7.7% |
| Equity | 10/15 | €1,638,303 | €1,749,098 | +€110,795 | +6.8% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Outside capital | 11 | €31,000 | - | -€31,000 | |
| Other | 1109/19 | €31,000 | - | -€31,000 | |
| Reserves | 13 | €1,683,444 | €1,336,251 | -€347,192 | -20.6% |
| Non-distributable reserves | 130/1 | €14,145 | €14,145 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,145 | €14,145 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,669,299 | €1,322,107 | -€347,192 | -20.8% |
| Profit (loss) carried forward | 14 | -€76,140 | €381,846 | +€457,987 | |
| Provisions and deferred taxes | 16 | €556,433 | €440,702 | -€115,731 | -20.8% |
| Deferred taxes | 168 | €556,433 | €440,702 | -€115,731 | -20.8% |
| Amounts payable | 17/49 | €2,062,120 | €1,741,022 | -€321,098 | -15.6% |
| Amounts payable after more than one year | 17 | €1,061,867 | €993,828 | -€68,039 | -6.4% |
| Financial debts | 170/4 | €1,061,867 | €993,828 | -€68,039 | -6.4% |
| Amounts payable within one year | 42/48 | €1,000,252 | €747,193 | -€253,059 | -25.3% |
| Current portion of amounts payable after more than one year | 42 | €66,393 | €68,039 | +€1,646 | +2.5% |
| Financial debts | 43 | €10 | - | -€10 | |
| Credit institutions | 430/8 | €10 | - | -€10 | |
| Trade debts | 44 | €37,425 | €63,777 | +€26,352 | +70.4% |
| Suppliers | 440/4 | €37,425 | €63,777 | +€26,352 | +70.4% |
| Taxes, remuneration and social security | 45 | €629 | €60,987 | +€60,358 | +9595.5% |
| Taxes | 450/3 | €629 | €60,987 | +€60,358 | +9595.5% |
| Other amounts payable | 47/48 | €895,795 | €554,391 | -€341,404 | -38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €292,258 | €279,212 | -€13,046 | -4.5% |
| Other operating charges | 640/8 | €37,532 | €27,325 | -€10,207 | -27.2% |
| Non-recurring operating charges | 66A | €3,011 | €907 | -€2,104 | -69.9% |
| Gross operating margin | 9900 | €151,930 | €446,969 | +€295,039 | +194.2% |
| Operating profit (loss) | 9901 | -€180,871 | €139,525 | +€320,396 | |
| Financial income | 75/76B | €11,768 | €9,413 | -€2,355 | -20.0% |
| Recurring financial income | 75 | €0 | €9,413 | +€9,413 | +9412580.0% |
| Non-recurring financial income | 76B | €11,768 | €9,413 | -€2,355 | -20.0% |
| Financial charges | 65/66B | €16,906 | €15,120 | -€1,786 | -10.6% |
| Recurring financial charges | 65 | €16,906 | €15,120 | -€1,786 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | -€186,009 | €133,817 | +€319,826 | |
| Transfer from deferred taxes | 780 | €43,228 | €115,731 | +€72,503 | +167.7% |
| Income taxes | 67/77 | €492 | €138,754 | +€138,261 | +28080.8% |
| Profit (loss) for the period | 9904 | -€143,273 | €110,795 | +€254,068 | |
| Transfer from tax-exempt reserves | 789 | €129,684 | €347,192 | +€217,508 | +167.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,589 | €457,987 | +€471,576 |
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.