FINALMA: 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.
FINALMA
Largest movements
- Financial fixed assets +€45,017
up €45,017 (+2.5%), from €1.8m to €1.8m
- Receivables within one year -€18,787
down €18,787 (-67.8%), from €27,729 to €8,942
of which Other amounts receivable: -€10,920
- Profit (loss) carried forward -€167,361
down €167,361 (-14.0%), from €1.2m to €1.0m
- Other debts +€136,993
up €136,993 (+42.2%), from €324,583 to €461,576
- Tax, wage and social debts +€44,191
up €44,191 (+35.4%), from €124,920 to €169,111
of which Remuneration and social security: +€50,895
- Financial income -€223,337
down €223,337 (-76.2%), from €293,037 to €69,700
of which Non-recurring financial income: -€178,046
- Other operating charges -€89,043
down €89,043 (-37.1%), from €240,010 to €150,968
- Gross operating margin -€52,443
down €52,443 (-162.3%), from -€32,318 to -€84,760
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,825,369 | €1,835,208 | +€9,839 | +0.5% |
| Fixed assets | 21/28 | €1,776,958 | €1,820,273 | +€43,315 | +2.4% |
| Tangible fixed assets | 22/27 | €5,131 | €3,429 | -€1,702 | -33.2% |
| Plant, machinery and equipment | 23 | €3,231 | €1,529 | -€1,702 | -52.7% |
| Other tangible fixed assets | 26 | €1,900 | €1,900 | = | 0.0% |
| Financial fixed assets | 28 | €1,771,827 | €1,816,844 | +€45,017 | +2.5% |
| Current assets | 29/58 | €48,411 | €14,935 | -€33,476 | -69.1% |
| Amounts receivable within one year | 40/41 | €27,729 | €8,942 | -€18,787 | -67.8% |
| Trade receivables | 40 | €7,867 | €0 | -€7,867 | -100.0% |
| Other amounts receivable | 41 | €19,863 | €8,942 | -€10,920 | -55.0% |
| Cash at bank and in hand | 54/58 | €18,362 | €3,485 | -€14,877 | -81.0% |
| Deferred charges and accrued income | 490/1 | €2,319 | €2,507 | +€188 | +8.1% |
| Total equity and liabilities | 10/49 | €1,825,369 | €1,835,208 | +€9,839 | +0.5% |
| Equity | 10/15 | €1,367,761 | €1,200,400 | -€167,361 | -12.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €22,381 | €22,381 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €22,381 | €22,381 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,195,380 | €1,028,019 | -€167,361 | -14.0% |
| Amounts payable | 17/49 | €457,607 | €634,808 | +€177,200 | +38.7% |
| Amounts payable within one year | 42/48 | €457,607 | €634,808 | +€177,200 | +38.7% |
| Trade debts | 44 | €8,105 | €4,121 | -€3,984 | -49.2% |
| Suppliers | 440/4 | €8,105 | €4,121 | -€3,984 | -49.2% |
| Taxes, remuneration and social security | 45 | €124,920 | €169,111 | +€44,191 | +35.4% |
| Taxes | 450/3 | €9,032 | €2,328 | -€6,704 | -74.2% |
| Remuneration and social security | 454/9 | €115,889 | €166,784 | +€50,895 | +43.9% |
| Other amounts payable | 47/48 | €324,583 | €461,576 | +€136,993 | +42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €559 | €1,044 | +€485 | +86.9% |
| Other operating charges | 640/8 | €240,010 | €150,968 | -€89,043 | -37.1% |
| Non-recurring operating charges | 66A | €1,245 | €0 | -€1,245 | -100.0% |
| Gross operating margin | 9900 | -€32,318 | -€84,760 | -€52,443 | -162.3% |
| Operating profit (loss) | 9901 | -€274,131 | -€236,772 | +€37,360 | +13.6% |
| Financial income | 75/76B | €293,037 | €69,700 | -€223,337 | -76.2% |
| Recurring financial income | 75 | €114,991 | €69,700 | -€45,291 | -39.4% |
| Non-recurring financial income | 76B | €178,046 | €0 | -€178,046 | -100.0% |
| Financial charges | 65/66B | €266 | €289 | +€23 | +8.8% |
| Recurring financial charges | 65 | €266 | €289 | +€23 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | €18,640 | -€167,361 | -€186,001 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €18,640 | -€167,361 | -€186,001 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,640 | -€167,361 | -€186,001 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.