Finalions: 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.
What changed
Finalions
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€169,497
2024 · €19.1m-€19.0m
Equity
€34.0m
2024 · €33.8m+€169,497
Cash
€306,360
2024 · €847,722-€541,362
Balance sheet total
€36.2m
2024 · €36.1m+€75,862
Largest movements
Assets
- Current investments -€2.9m
down €2.9m (-16.5%), from €17.3m to €14.5m
- Tangible fixed assets +€1.6m
up €1.6m (+36.0%), from €4.4m to €6.0m
of which Land and buildings: +€1.6m
- Receivables within one year +€1.2m
up €1.2m (+40.8%), from €2.9m to €4.2m
of which Other amounts receivable: +€1.0m
- Cash -€541,362
down €541,362 (-63.9%), from €847,722 to €306,360
mainly Investment in fixed assets (net) (-€2.1m) and Receivables within one year (-€1.2m)
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial income -€18.9m
down €18.9m (-96.3%), from €19.6m to €717,890
- Turnover +€94,028
up €94,028 (+61.2%), from €153,552 to €247,580
- Depreciation +€89,796
up €89,796 (+71.8%), from €125,078 to €214,874
- Services and other goods +€89,318
up €89,318 (+38.7%), from €230,683 to €320,001
- Financial charges -€23,078
down €23,078 (-12.6%), from €182,641 to €159,563
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.
Result 2024
€19.1m
Turnover
+€94,028
Other operating income
+€1,168
Services and other goods
-€89,318
Depreciation
-€89,796
Other operating charges
+€2,119
Financial income
-€18.9m
Financial charges
+€23,078
Taxes
-€11,580
Result 2025
€169,497
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.
From operations
-€1.3m
Investment
+€725,803
Financing
€0
Cash 2024
€847,722
From operations (derived)
-€1.3m
Net result for the year
+€169,497
Depreciation
+€214,874
Receivables after one year
-€352,125
Receivables within one year
-€1.2m
Deferred charges and accrued income
-€2,361
Trade debts
+€86,656
Tax, wage and social debts
+€26,562
Advances received
-€9,485
Other debts
-€197,368
Investment (derived)
+€725,803
Investment in fixed assets (net)
-€2.1m
Current investments
+€2.9m
Cash 2025
€306,360
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,132,953 | €36,208,815 | +€75,862 | +0.2% |
| Fixed assets | 21/28 | €12,298,231 | €14,220,480 | +€1.9m | +15.6% |
| Tangible fixed assets | 22/27 | €4,406,981 | €5,994,694 | +€1.6m | +36.0% |
| Land and buildings | 22 | €4,317,761 | €5,923,477 | +€1.6m | +37.2% |
| Furniture and vehicles | 24 | €82,212 | €56,649 | -€25,563 | -31.1% |
| Other tangible fixed assets | 26 | €7,008 | €14,568 | +€7,560 | +107.9% |
| Financial fixed assets | 28 | €7,891,250 | €8,225,786 | +€334,536 | +4.2% |
| Companies linked by participating interests | 282/3 | €7,891,250 | €8,225,786 | +€334,536 | +4.2% |
| Participating interests | 282 | €7,891,250 | €8,225,786 | +€334,536 | +4.2% |
| Current assets | 29/58 | €23,834,722 | €21,988,335 | -€1.8m | -7.7% |
| Amounts receivable after more than one year | 29 | €2,712,979 | €3,065,103 | +€352,125 | +13.0% |
| Other amounts receivable | 291 | €2,712,979 | €3,065,103 | +€352,125 | +13.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,948,858 | €4,152,274 | +€1.2m | +40.8% |
| Trade receivables | 40 | €112,309 | €292,204 | +€179,895 | +160.2% |
| Other amounts receivable | 41 | €2,836,549 | €3,860,069 | +€1.0m | +36.1% |
| Current investments | 50/53 | €17,322,277 | €14,459,352 | -€2.9m | -16.5% |
| Other investments | 51/53 | €17,322,277 | €14,459,352 | -€2.9m | -16.5% |
| Cash at bank and in hand | 54/58 | €847,722 | €306,360 | -€541,362 | -63.9% |
| Deferred charges and accrued income | 490/1 | €2,886 | €5,246 | +€2,361 | +81.8% |
| Total equity and liabilities | 10/49 | €36,132,953 | €36,208,815 | +€75,862 | +0.2% |
| Equity | 10/15 | €33,786,856 | €33,956,353 | +€169,497 | +0.5% |
| Contributions | 10/11 | €15,311,494 | €15,311,494 | = | 0.0% |
| Reserves | 13 | €18,475,362 | €18,644,859 | +€169,497 | +0.9% |
| Distributable reserves | 133 | €18,475,362 | €18,644,859 | +€169,497 | +0.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,346,097 | €2,252,462 | -€93,635 | -4.0% |
| Amounts payable after more than one year | 17 | €2,115,000 | €2,115,000 | = | 0.0% |
| Financial debts | 170/4 | €2,115,000 | €2,115,000 | = | 0.0% |
| Credit institutions | 173 | €2,115,000 | €2,115,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €231,097 | €137,462 | -€93,635 | -40.5% |
| Trade debts | 44 | €24,244 | €110,900 | +€86,656 | +357.4% |
| Suppliers | 440/4 | €24,244 | €110,900 | +€86,656 | +357.4% |
| Advances received on contracts in progress | 46 | €9,485 | €0 | -€9,485 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €26,562 | +€26,562 | |
| Taxes | 450/3 | - | €26,562 | +€26,562 | |
| Other amounts payable | 47/48 | €197,368 | €0 | -€197,368 | -100.0% |
| Operating income | 70/76A | €174,193 | €269,390 | +€95,197 | +54.6% |
| Turnover | 70 | €153,552 | €247,580 | +€94,028 | +61.2% |
| Other operating income | 74 | €20,642 | €21,810 | +€1,168 | +5.7% |
| Operating charges | 60/66A | €375,531 | €552,526 | +€176,995 | +47.1% |
| Services and other goods | 61 | €230,683 | €320,001 | +€89,318 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,078 | €214,874 | +€89,796 | +71.8% |
| Other operating charges | 640/8 | €19,770 | €17,651 | -€2,119 | -10.7% |
| Operating profit (loss) | 9901 | -€201,338 | -€283,136 | -€81,799 | -40.6% |
| Financial income | 75/76B | €19,605,886 | €717,890 | -€18.9m | -96.3% |
| Recurring financial income | 75 | €19,605,886 | €717,890 | -€18.9m | -96.3% |
| Income from financial fixed assets | 750 | €58,654 | €148,510 | +€89,855 | +153.2% |
| Income from current assets | 751 | €412,891 | €340,939 | -€71,953 | -17.4% |
| Other financial income | 752/9 | €19,134,341 | €228,442 | -€18.9m | -98.8% |
| Financial charges | 65/66B | €182,641 | €159,563 | -€23,078 | -12.6% |
| Recurring financial charges | 65 | €182,641 | €159,563 | -€23,078 | -12.6% |
| Debt charges | 650 | €17,657 | €0 | -€17,657 | -100.0% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €25,410 | €97,554 | +€72,145 | +283.9% |
| Other financial charges | 652/9 | €139,574 | €62,008 | -€77,566 | -55.6% |
| Profit (loss) for the period before taxes | 9903 | €19,221,908 | €275,191 | -€18.9m | -98.6% |
| Income taxes | 67/77 | €94,115 | €105,694 | +€11,580 | +12.3% |
| Taxes | 670/3 | €94,115 | €112,303 | +€18,189 | +19.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €6,609 | +€6,609 | |
| Profit (loss) for the period | 9904 | €19,127,794 | €169,497 | -€19.0m | -99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,127,794 | €169,497 | -€19.0m | -99.1% |
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 29 September 2026 via checked.be.