FINAMAR: 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.
FINAMAR
Largest movements
- Tangible fixed assets +€20,400
up €20,400 (+12.7%), from €160,662 to €181,062
- Cash -€4,709
down €4,709 (-11.2%), from €42,235 to €37,526
mainly Investment in fixed assets (net) (-€20,400) and Other debts (-€4,378)
- Reserves +€18,227
up €18,227 (+10.7%), from €170,704 to €188,931
of which Distributable reserves: +€18,227
- Other debts -€4,378
down €4,378 (-43.0%), from €10,184 to €5,806
- Gross operating margin +€10,612
up €10,612 (+63.4%), from €16,736 to €27,349
- Taxes +€957
up €957 (+110.6%), from €866 to €1,823
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 | €203,282 | €218,972 | +€15,691 | +7.7% |
| Fixed assets | 21/28 | €161,047 | €181,447 | +€20,400 | +12.7% |
| Tangible fixed assets | 22/27 | €160,662 | €181,062 | +€20,400 | +12.7% |
| Land and buildings | 22 | €160,662 | €181,062 | +€20,400 | +12.7% |
| Financial fixed assets | 28 | €384 | €384 | = | 0.0% |
| Current assets | 29/58 | €42,235 | €37,526 | -€4,709 | -11.2% |
| Cash at bank and in hand | 54/58 | €42,235 | €37,526 | -€4,709 | -11.2% |
| Total equity and liabilities | 10/49 | €203,282 | €218,972 | +€15,691 | +7.7% |
| Equity | 10/15 | €191,885 | €210,112 | +€18,227 | +9.5% |
| Contributions | 10/11 | €21,181 | €21,181 | = | 0.0% |
| Capital | 10 | €21,160 | €21,160 | = | 0.0% |
| Issued capital | 100 | €21,160 | €21,160 | = | 0.0% |
| Outside capital | 11 | €21 | €21 | = | 0.0% |
| Share premium | 1100/10 | €21 | €21 | = | 0.0% |
| Reserves | 13 | €170,704 | €188,931 | +€18,227 | +10.7% |
| Non-distributable reserves | 130/1 | €2,116 | €2,116 | = | 0.0% |
| Legal reserve | 130 | €2,116 | €2,116 | = | 0.0% |
| Distributable reserves | 133 | €168,588 | €186,815 | +€18,227 | +10.8% |
| Amounts payable | 17/49 | €11,397 | €8,860 | -€2,537 | -22.3% |
| Amounts payable within one year | 42/48 | €11,397 | €8,860 | -€2,537 | -22.3% |
| Trade debts | 44 | €347 | €1,231 | +€885 | +255.2% |
| Suppliers | 440/4 | €347 | €1,231 | +€885 | +255.2% |
| Taxes, remuneration and social security | 45 | €866 | €1,823 | +€957 | +110.6% |
| Taxes | 450/3 | €866 | €1,823 | +€957 | +110.6% |
| Other amounts payable | 47/48 | €10,184 | €5,806 | -€4,378 | -43.0% |
| Other operating charges | 640/8 | €7,161 | €7,245 | +€83 | +1.2% |
| Gross operating margin | 9900 | €16,736 | €27,349 | +€10,612 | +63.4% |
| Operating profit (loss) | 9901 | €9,575 | €20,104 | +€10,529 | +110.0% |
| Financial charges | 65/66B | €53 | €54 | +€2 | +2.9% |
| Recurring financial charges | 65 | €53 | €54 | +€2 | +2.9% |
| Non-recurring financial charges | 66B | €53 | €54 | +€2 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €9,522 | €20,050 | +€10,528 | +110.6% |
| Income taxes | 67/77 | €866 | €1,823 | +€957 | +110.6% |
| Profit (loss) for the period | 9904 | €8,657 | €18,227 | +€9,570 | +110.6% |
| Profit (loss) for the period to be appropriated | 9905 | €8,657 | €18,227 | +€9,570 | +110.6% |
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 8 October 2026 via checked.be.