FINALIZ: what changed
Two financial 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.
FINALIZ
Largest movements
- Cash +€1.2m
up €1.2m (+3439.9%), from €35,437 to €1.3m
mainly Net result for the year (+€2.2m) and Other debts (+€1.2m)
- Receivables within one year +€1.2m
up €1.2m (+3571.1%), from €32,341 to €1.2m
- Financial fixed assets -€531,067
down €531,067 (-78.1%), from €680,000 to €148,933
- Other debts +€1.2m
up €1.2m (+173208.1%), from €691 to €1.2m
- Reserves +€1.0m
up €1.0m (+453.1%), from €231,111 to €1.3m
- Debts after one year -€366,141
down €366,141 (-85.4%), from €428,514 to €62,373
- Current portion of long-term debt -€49,798
down €49,798 (-75.5%), from €65,939 to €16,141
- Financial income +€2.1m
up €2.1m (+2336.0%), from €91,901 to €2.2m
of which Non-recurring financial income: +€2.2m
- Gross operating margin -€8,634
down €8,634, from €5,906 to -€2,728
- Taxes -€8,039
down €8,039 (-96.8%), from €8,303 to €264
- Other operating charges -€2,277
down €2,277 (-65.8%), from €3,460 to €1,183
- Financial charges +€1,642
up €1,642 (+17.6%), from €9,305 to €10,947
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 | €752,790 | €2,594,514 | +€1.8m | +244.7% |
| Fixed assets | 21/28 | €683,077 | €152,813 | -€530,265 | -77.6% |
| Tangible fixed assets | 22/27 | €3,077 | €3,879 | +€802 | +26.1% |
| Plant, machinery and equipment | 23 | €2,414 | - | -€2,414 | |
| Furniture and vehicles | 24 | €663 | €3,879 | +€3,217 | +485.4% |
| Financial fixed assets | 28 | €680,000 | €148,933 | -€531,067 | -78.1% |
| Current assets | 29/58 | €69,713 | €2,441,702 | +€2.4m | +3402.5% |
| Amounts receivable within one year | 40/41 | €32,341 | €1,187,238 | +€1.2m | +3571.1% |
| Other amounts receivable | 41 | €32,341 | €1,187,238 | +€1.2m | +3571.1% |
| Cash at bank and in hand | 54/58 | €35,437 | €1,254,464 | +€1.2m | +3439.9% |
| Deferred charges and accrued income | 490/1 | €1,935 | - | -€1,935 | |
| Total equity and liabilities | 10/49 | €752,790 | €2,594,514 | +€1.8m | +244.7% |
| Equity | 10/15 | €251,111 | €1,298,181 | +€1.0m | +417.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €231,111 | €1,278,163 | +€1.0m | +453.1% |
| Distributable reserves | 133 | €231,111 | €1,278,163 | +€1.0m | +453.1% |
| Profit (loss) carried forward | 14 | - | €18 | +€18 | |
| Amounts payable | 17/49 | €501,680 | €1,296,333 | +€794,654 | +158.4% |
| Amounts payable after more than one year | 17 | €428,514 | €62,373 | -€366,141 | -85.4% |
| Financial debts | 170/4 | €428,514 | €62,373 | -€366,141 | -85.4% |
| Amounts payable within one year | 42/48 | €73,166 | €1,233,961 | +€1.2m | +1586.5% |
| Current portion of amounts payable after more than one year | 42 | €65,939 | €16,141 | -€49,798 | -75.5% |
| Trade debts | 44 | €173 | €16,077 | +€15,904 | +9198.4% |
| Suppliers | 440/4 | €173 | €16,077 | +€15,904 | +9198.4% |
| Taxes, remuneration and social security | 45 | €6,362 | €3,750 | -€2,612 | -41.1% |
| Taxes | 450/3 | €6,362 | €3,750 | -€2,612 | -41.1% |
| Other amounts payable | 47/48 | €691 | €1,197,992 | +€1.2m | +173208.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,241 | €1,485 | +€244 | +19.6% |
| Other operating charges | 640/8 | €3,460 | €1,183 | -€2,277 | -65.8% |
| Non-recurring operating charges | 66A | €189 | - | -€189 | |
| Gross operating margin | 9900 | €5,906 | -€2,728 | -€8,634 | |
| Operating profit (loss) | 9901 | €1,016 | -€5,396 | -€6,412 | |
| Financial income | 75/76B | €91,901 | €2,238,677 | +€2.1m | +2336.0% |
| Recurring financial income | 75 | €91,901 | €0 | -€91,901 | -100.0% |
| Non-recurring financial income | 76B | - | €2,238,677 | +€2.2m | |
| Financial charges | 65/66B | €9,305 | €10,947 | +€1,642 | +17.6% |
| Recurring financial charges | 65 | €9,305 | €10,947 | +€1,642 | +17.6% |
| Profit (loss) for the period before taxes | 9903 | €83,612 | €2,222,334 | +€2.1m | +2557.9% |
| Income taxes | 67/77 | €8,303 | €264 | -€8,039 | -96.8% |
| Profit (loss) for the period | 9904 | €75,309 | €2,222,070 | +€2.1m | +2850.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,309 | €2,222,070 | +€2.1m | +2850.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.