Finamas: 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.
Finamas
Largest movements
- Cash +€230,608
up €230,608 (+470.7%), from €48,997 to €279,605
mainly Current investments (+€118,984) and Net result for the year (+€114,226)
- Current investments -€118,984
down €118,984 (-63.8%), from €186,520 to €67,536
- Receivables within one year +€29,514
up €29,514 (+111.5%), from €26,478 to €55,992
of which Trade receivables: +€29,962
- Tangible fixed assets -€6,893
down €6,893 (-67.8%), from €10,161 to €3,268
of which Furniture and vehicles: -€6,142
- Reserves +€114,226
up €114,226 (+45.6%), from €250,581 to €364,807
- Trade debts +€21,643
up €21,643 (+1554.2%), from €1,393 to €23,036
- Gross operating margin -€30,813
down €30,813 (-16.2%), from €190,155 to €159,342
- Taxes -€11,621
down €11,621 (-23.9%), from €48,709 to €37,088
- Depreciation +€1,959
up €1,959 (+34.3%), from €5,703 to €7,662
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 | €278,205 | €412,599 | +€134,393 | +48.3% |
| Fixed assets | 21/28 | €10,386 | €3,493 | -€6,893 | -66.4% |
| Tangible fixed assets | 22/27 | €10,161 | €3,268 | -€6,893 | -67.8% |
| Plant, machinery and equipment | 23 | €2,806 | €2,054 | -€751 | -26.8% |
| Furniture and vehicles | 24 | €7,355 | €1,213 | -€6,142 | -83.5% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €267,820 | €409,106 | +€141,286 | +52.8% |
| Amounts receivable within one year | 40/41 | €26,478 | €55,992 | +€29,514 | +111.5% |
| Trade receivables | 40 | €25,329 | €55,291 | +€29,962 | +118.3% |
| Other amounts receivable | 41 | €1,149 | €700 | -€449 | -39.0% |
| Current investments | 50/53 | €186,520 | €67,536 | -€118,984 | -63.8% |
| Cash at bank and in hand | 54/58 | €48,997 | €279,605 | +€230,608 | +470.7% |
| Deferred charges and accrued income | 490/1 | €5,825 | €5,973 | +€149 | +2.6% |
| Total equity and liabilities | 10/49 | €278,205 | €412,599 | +€134,393 | +48.3% |
| Equity | 10/15 | €255,581 | €369,807 | +€114,226 | +44.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €250,581 | €364,807 | +€114,226 | +45.6% |
| Distributable reserves | 133 | €250,581 | €364,807 | +€114,226 | +45.6% |
| Amounts payable | 17/49 | €22,624 | €42,791 | +€20,167 | +89.1% |
| Amounts payable within one year | 42/48 | €22,624 | €42,791 | +€20,167 | +89.1% |
| Trade debts | 44 | €1,393 | €23,036 | +€21,643 | +1554.2% |
| Suppliers | 440/4 | €1,393 | €23,036 | +€21,643 | +1554.2% |
| Taxes, remuneration and social security | 45 | €20,906 | €19,222 | -€1,684 | -8.1% |
| Taxes | 450/3 | €20,906 | €19,222 | -€1,684 | -8.1% |
| Other amounts payable | 47/48 | €325 | €534 | +€209 | +64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,703 | €7,662 | +€1,959 | +34.3% |
| Other operating charges | 640/8 | €268 | €251 | -€17 | -6.3% |
| Gross operating margin | 9900 | €190,155 | €159,342 | -€30,813 | -16.2% |
| Operating profit (loss) | 9901 | €184,183 | €151,429 | -€32,754 | -17.8% |
| Financial income | 75/76B | €0 | €9 | +€9 | +29366.7% |
| Recurring financial income | 75 | €0 | €9 | +€9 | +29366.7% |
| Financial charges | 65/66B | €70 | €124 | +€55 | +78.2% |
| Recurring financial charges | 65 | €70 | €124 | +€55 | +78.2% |
| Profit (loss) for the period before taxes | 9903 | €184,114 | €151,314 | -€32,800 | -17.8% |
| Income taxes | 67/77 | €48,709 | €37,088 | -€11,621 | -23.9% |
| Profit (loss) for the period | 9904 | €135,405 | €114,226 | -€21,179 | -15.6% |
| Profit (loss) for the period to be appropriated | 9905 | €135,405 | €114,226 | -€21,179 | -15.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.