FINAMOR: 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.
FINAMOR
Largest movements
- Tangible fixed assets -€23,608
down €23,608 (-33.4%), from €70,626 to €47,018
of which Furniture and vehicles: -€22,320
- Cash -€2,192
down €2,192 (-3.5%), from €62,545 to €60,353
mainly Debts after one year (-€19,832) and Tax, wage and social debts (-€10,468)
- Debts after one year -€19,832
down €19,832 (-48.9%), from €40,571 to €20,739
- Tax, wage and social debts -€10,468
down €10,468 (-59.0%), from €17,755 to €7,286
- Reserves +€7,134
up €7,134 (+11.5%), from €62,142 to €69,276
of which Distributable reserves: +€8,994
- Gross operating margin -€35,763
down €35,763 (-44.4%), from €80,614 to €44,851
- Taxes -€4,640
down €4,640 (-34.4%), from €13,488 to €8,848
- Other operating charges +€2,144
up €2,144 (+285%), from €753 to €2,897
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 | €148,060 | €123,678 | -€24,383 | -16.5% |
| Fixed assets | 21/28 | €70,626 | €47,018 | -€23,608 | -33.4% |
| Tangible fixed assets | 22/27 | €70,626 | €47,018 | -€23,608 | -33.4% |
| Plant, machinery and equipment | 23 | €2,557 | €1,269 | -€1,288 | -50.4% |
| Furniture and vehicles | 24 | €68,069 | €45,749 | -€22,320 | -32.8% |
| Current assets | 29/58 | €77,434 | €76,660 | -€774 | -1.0% |
| Amounts receivable within one year | 40/41 | €14,671 | €16,029 | +€1,358 | +9.3% |
| Trade receivables | 40 | €14,671 | €14,573 | -€98 | -0.7% |
| Other amounts receivable | 41 | - | €1,456 | +€1,456 | |
| Cash at bank and in hand | 54/58 | €62,545 | €60,353 | -€2,192 | -3.5% |
| Deferred charges and accrued income | 490/1 | €219 | €279 | +€60 | +27.4% |
| Total equity and liabilities | 10/49 | €148,060 | €123,678 | -€24,383 | -16.5% |
| Equity | 10/15 | €68,342 | €75,476 | +€7,134 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €62,142 | €69,276 | +€7,134 | +11.5% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €60,282 | €69,276 | +€8,994 | +14.9% |
| Amounts payable | 17/49 | €79,719 | €48,202 | -€31,517 | -39.5% |
| Amounts payable after more than one year | 17 | €40,571 | €20,739 | -€19,832 | -48.9% |
| Financial debts | 170/4 | €40,571 | €20,739 | -€19,832 | -48.9% |
| Amounts payable within one year | 42/48 | €39,148 | €27,463 | -€11,685 | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €18,964 | €19,832 | +€868 | +4.6% |
| Trade debts | 44 | €805 | €151 | -€654 | -81.2% |
| Suppliers | 440/4 | €805 | €151 | -€654 | -81.2% |
| Taxes, remuneration and social security | 45 | €17,755 | €7,286 | -€10,468 | -59.0% |
| Taxes | 450/3 | €17,755 | €7,286 | -€10,468 | -59.0% |
| Other amounts payable | 47/48 | €1,625 | €194 | -€1,431 | -88.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,811 | €23,608 | -€202 | -0.9% |
| Other operating charges | 640/8 | €753 | €2,897 | +€2,144 | +285% |
| Gross operating margin | 9900 | €80,614 | €44,851 | -€35,763 | -44.4% |
| Operating profit (loss) | 9901 | €56,051 | €18,346 | -€37,705 | -67.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -90.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -90.0% |
| Financial charges | 65/66B | €2,897 | €2,363 | -€534 | -18.4% |
| Recurring financial charges | 65 | €2,897 | €2,363 | -€534 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €53,154 | €15,983 | -€37,171 | -69.9% |
| Income taxes | 67/77 | €13,488 | €8,848 | -€4,640 | -34.4% |
| Profit (loss) for the period | 9904 | €39,665 | €7,134 | -€32,531 | -82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €39,665 | €7,134 | -€32,531 | -82.0% |
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 28 October 2026 via checked.be.