FINAMINE: 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.
FINAMINE
Largest movements
- Cash -€114,310
down €114,310 (-93.3%), from €122,472 to €8,162
mainly Stocks and contracts (-€52,599) and Net result for the year (-€35,461)
- Stocks and contracts +€52,599
new in 2025: €52,599
- Receivables within one year +€26,860
up €26,860 (+138%), from €19,529 to €46,389
of which Other amounts receivable: +€36,387
- Tangible fixed assets +€5,907
up €5,907 (+75.5%), from €7,825 to €13,732
of which Other tangible fixed assets: +€6,304
- Deferred charges and accrued income +€1,524
up €1,524 (+110%), from €1,388 to €2,912
- Profit (loss) carried forward -€35,461
down €35,461, from €10,951 to -€24,510
- Current portion of long-term debt +€17,308
up €17,308 (+500%), from €3,458 to €20,766
- Trade debts +€5,088
up €5,088 (+54.2%), from €9,387 to €14,475
- Other debts -€4,229
no longer reported in 2025 (was €4,229)
- Tax, wage and social debts -€4,215
down €4,215 (-9.5%), from €44,538 to €40,323
of which Taxes: -€5,522
- Gross operating margin -€116,528
down €116,528, from €107,457 to -€9,071
- Taxes -€35,104
down €35,104 (-98.6%), from €35,590 to €486
- Staff costs +€17,140
new in 2025: €17,140
- Financial charges -€2,074
down €2,074 (-59.6%), from €3,481 to €1,407
- Other operating charges +€1,229
up €1,229 (+72.2%), from €1,701 to €2,930
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 | €152,056 | €124,413 | -€27,643 | -18.2% |
| Formation expenses | 20 | €842 | €619 | -€223 | -26.5% |
| Fixed assets | 21/28 | €7,825 | €13,732 | +€5,907 | +75.5% |
| Tangible fixed assets | 22/27 | €7,825 | €13,732 | +€5,907 | +75.5% |
| Plant, machinery and equipment | 23 | €941 | €2,891 | +€1,950 | +207% |
| Furniture and vehicles | 24 | €6,562 | €4,215 | -€2,348 | -35.8% |
| Other tangible fixed assets | 26 | €322 | €6,627 | +€6,304 | +1,957% |
| Current assets | 29/58 | €143,388 | €110,062 | -€33,327 | -23.2% |
| Stocks and contracts in progress | 3 | - | €52,599 | +€52,599 | |
| Stocks | 30/36 | - | €52,599 | +€52,599 | |
| Amounts receivable within one year | 40/41 | €19,529 | €46,389 | +€26,860 | +138% |
| Trade receivables | 40 | €19,078 | €9,551 | -€9,527 | -49.9% |
| Other amounts receivable | 41 | €451 | €36,838 | +€36,387 | +8,070% |
| Cash at bank and in hand | 54/58 | €122,472 | €8,162 | -€114,310 | -93.3% |
| Deferred charges and accrued income | 490/1 | €1,388 | €2,912 | +€1,524 | +110% |
| Total equity and liabilities | 10/49 | €152,056 | €124,413 | -€27,643 | -18.2% |
| Equity | 10/15 | €81,511 | €46,050 | -€35,461 | -43.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €64,360 | €64,360 | = | 0.0% |
| Distributable reserves | 133 | €64,360 | €64,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,951 | -€24,510 | -€35,461 | |
| Amounts payable | 17/49 | €70,545 | €78,363 | +€7,818 | +11.1% |
| Amounts payable after more than one year | 17 | €4,758 | €2,671 | -€2,087 | -43.9% |
| Financial debts | 170/4 | €4,758 | €2,671 | -€2,087 | -43.9% |
| Amounts payable within one year | 42/48 | €65,760 | €75,565 | +€9,804 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €3,458 | €20,766 | +€17,308 | +500% |
| Trade debts | 44 | €9,387 | €14,475 | +€5,088 | +54.2% |
| Suppliers | 440/4 | €9,387 | €14,475 | +€5,088 | +54.2% |
| Advances received on contracts in progress | 46 | €4,148 | - | -€4,148 | |
| Taxes, remuneration and social security | 45 | €44,538 | €40,323 | -€4,215 | -9.5% |
| Taxes | 450/3 | €44,538 | €39,016 | -€5,522 | -12.4% |
| Remuneration and social security | 454/9 | - | €1,307 | +€1,307 | |
| Other amounts payable | 47/48 | €4,229 | - | -€4,229 | |
| Accrued charges and deferred income | 492/3 | €27 | €128 | +€101 | +373% |
| Non-recurring operating income | 76A | €100,000 | - | -€100,000 | |
| Remuneration, social security and pensions | 62 | - | €17,140 | +€17,140 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,683 | €4,428 | +€746 | +20.2% |
| Other operating charges | 640/8 | €1,701 | €2,930 | +€1,229 | +72.2% |
| Non-recurring operating charges | 66A | €570 | - | -€570 | |
| Gross operating margin | 9900 | €107,457 | -€9,071 | -€116,528 | |
| Operating profit (loss) | 9901 | €101,503 | -€33,570 | -€135,073 | |
| Financial income | 75/76B | €68 | €1 | -€67 | -98.4% |
| Recurring financial income | 75 | €68 | €1 | -€67 | -98.4% |
| Financial charges | 65/66B | €3,481 | €1,407 | -€2,074 | -59.6% |
| Recurring financial charges | 65 | €3,481 | €1,407 | -€2,074 | -59.6% |
| Profit (loss) for the period before taxes | 9903 | €98,090 | -€34,975 | -€133,065 | |
| Income taxes | 67/77 | €35,590 | €486 | -€35,104 | -98.6% |
| Profit (loss) for the period | 9904 | €62,500 | -€35,461 | -€97,961 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,500 | -€35,461 | -€97,961 |
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 23 October 2026 via checked.be.