FINALUX PARTNERS: 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.
FINALUX PARTNERS
Largest movements
- Cash +€465,917
up €465,917 (+143%), from €325,873 to €791,790
mainly Net result for the year (+€940,570) and Depreciation (+€34,804)
- Current investments +€200,000
up €200,000 (+88.9%), from €225,000 to €425,000
- Receivables within one year +€155,404
new in 2025: €155,404
- Intangible fixed assets -€33,701
down €33,701 (-20.4%), from €164,888 to €131,187
- Profit (loss) carried forward +€941,160
up €941,160 (+289%), from €325,636 to €1.3m
- Trade debts -€119,488
down €119,488 (-89.3%), from €133,741 to €14,253
- Debts after one year -€29,111
down €29,111 (-23.9%), from €121,727 to €92,616
- Gross operating margin +€984,947
up €984,947 (+172%), from €571,289 to €1.6m
- Taxes +€215,469
up €215,469 (+203%), from €105,966 to €321,435
- Staff costs +€105,015
up €105,015 (+72.5%), from €144,764 to €249,779
- Depreciation +€23,485
up €23,485 (+207%), from €11,319 to €34,804
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.
Derived cash bridge
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 | €718,058 | €1,514,001 | +€795,943 | +111% |
| Fixed assets | 21/28 | €165,698 | €140,339 | -€25,359 | -15.3% |
| Intangible fixed assets | 21 | €164,888 | €131,187 | -€33,701 | -20.4% |
| Tangible fixed assets | 22/27 | €663 | €9,006 | +€8,342 | +1,258% |
| Land and buildings | 22 | €84 | €42 | -€42 | -50.0% |
| Plant, machinery and equipment | 23 | €1 | - | -€1 | |
| Furniture and vehicles | 24 | €578 | €233 | -€345 | -59.7% |
| Other tangible fixed assets | 26 | - | €8,731 | +€8,731 | |
| Financial fixed assets | 28 | €147 | €147 | = | 0.0% |
| Current assets | 29/58 | €552,360 | €1,373,662 | +€821,301 | +149% |
| Amounts receivable within one year | 40/41 | - | €155,404 | +€155,404 | |
| Other amounts receivable | 41 | - | €155,404 | +€155,404 | |
| Current investments | 50/53 | €225,000 | €425,000 | +€200,000 | +88.9% |
| Cash at bank and in hand | 54/58 | €325,873 | €791,790 | +€465,917 | +143% |
| Deferred charges and accrued income | 490/1 | €1,487 | €1,467 | -€20 | -1.3% |
| Total equity and liabilities | 10/49 | €718,058 | €1,514,001 | +€795,943 | +111% |
| Equity | 10/15 | €385,425 | €1,325,995 | +€940,570 | +244% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €9,789 | €9,199 | -€590 | -6.0% |
| Non-distributable reserves | 130/1 | €1,907 | €1,907 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,907 | €1,907 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,882 | €7,292 | -€590 | -7.5% |
| Profit (loss) carried forward | 14 | €325,636 | €1,266,796 | +€941,160 | +289% |
| Amounts payable | 17/49 | €332,634 | €188,006 | -€144,627 | -43.5% |
| Amounts payable after more than one year | 17 | €121,727 | €92,616 | -€29,111 | -23.9% |
| Financial debts | 170/4 | €121,727 | €92,616 | -€29,111 | -23.9% |
| Amounts payable within one year | 42/48 | €210,907 | €95,390 | -€115,516 | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €28,273 | €29,111 | +€838 | +3.0% |
| Trade debts | 44 | €133,741 | €14,253 | -€119,488 | -89.3% |
| Suppliers | 440/4 | €133,741 | €14,253 | -€119,488 | -89.3% |
| Taxes, remuneration and social security | 45 | €44,621 | €52,026 | +€7,405 | +16.6% |
| Taxes | 450/3 | €20,927 | €20,883 | -€43 | -0.2% |
| Remuneration and social security | 454/9 | €23,695 | €31,143 | +€7,448 | +31.4% |
| Other amounts payable | 47/48 | €4,271 | - | -€4,271 | |
| Remuneration, social security and pensions | 62 | €144,764 | €249,779 | +€105,015 | +72.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,319 | €34,804 | +€23,485 | +207% |
| Other operating charges | 640/8 | €3,347 | €6,444 | +€3,097 | +92.5% |
| Gross operating margin | 9900 | €571,289 | €1,556,236 | +€984,947 | +172% |
| Operating profit (loss) | 9901 | €411,860 | €1,265,210 | +€853,350 | +207% |
| Financial income | 75/76B | €1,535 | €3,640 | +€2,106 | +137% |
| Recurring financial income | 75 | €1,535 | €3,640 | +€2,106 | +137% |
| Financial charges | 65/66B | €1,822 | €6,845 | +€5,023 | +276% |
| Recurring financial charges | 65 | €1,822 | €6,845 | +€5,023 | +276% |
| Profit (loss) for the period before taxes | 9903 | €411,572 | €1,262,005 | +€850,433 | +207% |
| Income taxes | 67/77 | €105,966 | €321,435 | +€215,469 | +203% |
| Profit (loss) for the period | 9904 | €305,606 | €940,570 | +€634,964 | +208% |
| Transfer from tax-exempt reserves | 789 | €590 | €590 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €306,196 | €941,160 | +€634,964 | +207% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.