FINANLET: 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.
FINANLET
Largest movements
- Cash +€52,082
up €52,082 (+1651.2%), from €3,154 to €55,237
mainly Net result for the year (+€83,239) and Other debts (+€69,720)
- Tangible fixed assets -€22,813
down €22,813 (-2.3%), from €995,890 to €973,077
of which Land and buildings: -€22,537
- Receivables within one year -€15,486
down €15,486 (-54.0%), from €28,668 to €13,182
of which Trade receivables: -€17,996
- Other debts +€69,720
up €69,720 (+42.3%), from €164,863 to €234,582
- Debts after one year -€46,650
down €46,650 (-7.0%), from €662,585 to €615,935
- Depreciation -€40,087
down €40,087 (-58.1%), from €69,032 to €28,944
- Taxes +€10,316
up €10,316 (+107.4%), from €9,603 to €19,919
- Financial charges +€8,630
up €8,630 (+106.8%), from €8,082 to €16,712
- Gross operating margin +€5,165
up €5,165 (+3.4%), from €150,728 to €155,893
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 | €1,029,303 | €1,044,102 | +€14,799 | +1.4% |
| Fixed assets | 21/28 | €995,890 | €973,077 | -€22,813 | -2.3% |
| Tangible fixed assets | 22/27 | €995,890 | €973,077 | -€22,813 | -2.3% |
| Land and buildings | 22 | €995,614 | €973,077 | -€22,537 | -2.3% |
| Furniture and vehicles | 24 | €276 | €0 | -€276 | -100.0% |
| Current assets | 29/58 | €33,413 | €71,025 | +€37,612 | +112.6% |
| Amounts receivable within one year | 40/41 | €28,668 | €13,182 | -€15,486 | -54.0% |
| Trade receivables | 40 | €17,996 | €0 | -€17,996 | -100.0% |
| Other amounts receivable | 41 | €10,671 | €13,182 | +€2,510 | +23.5% |
| Cash at bank and in hand | 54/58 | €3,154 | €55,237 | +€52,082 | +1651.2% |
| Deferred charges and accrued income | 490/1 | €1,591 | €2,607 | +€1,016 | +63.8% |
| Total equity and liabilities | 10/49 | €1,029,303 | €1,044,102 | +€14,799 | +1.4% |
| Equity | 10/15 | €148,070 | €146,309 | -€1,761 | -1.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €125,000 | €125,000 | = | 0.0% |
| Distributable reserves | 133 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,610 | €849 | -€1,761 | -67.5% |
| Amounts payable | 17/49 | €881,232 | €897,793 | +€16,561 | +1.9% |
| Amounts payable after more than one year | 17 | €662,585 | €615,935 | -€46,650 | -7.0% |
| Financial debts | 170/4 | €662,585 | €615,935 | -€46,650 | -7.0% |
| Amounts payable within one year | 42/48 | €217,267 | €281,802 | +€64,534 | +29.7% |
| Current portion of amounts payable after more than one year | 42 | €45,643 | €46,650 | +€1,007 | +2.2% |
| Trade debts | 44 | €5,502 | €569 | -€4,933 | -89.7% |
| Suppliers | 440/4 | €5,502 | €569 | -€4,933 | -89.7% |
| Taxes, remuneration and social security | 45 | €1,259 | €0 | -€1,259 | -100.0% |
| Remuneration and social security | 454/9 | €1,259 | €0 | -€1,259 | -100.0% |
| Other amounts payable | 47/48 | €164,863 | €234,582 | +€69,720 | +42.3% |
| Accrued charges and deferred income | 492/3 | €1,380 | €56 | -€1,323 | -95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,032 | €28,944 | -€40,087 | -58.1% |
| Other operating charges | 640/8 | €6,720 | €7,513 | +€794 | +11.8% |
| Gross operating margin | 9900 | €150,728 | €155,893 | +€5,165 | +3.4% |
| Operating profit (loss) | 9901 | €74,977 | €119,436 | +€44,459 | +59.3% |
| Financial income | 75/76B | €9 | €435 | +€426 | +4730.3% |
| Recurring financial income | 75 | €9 | €435 | +€426 | +4730.3% |
| Financial charges | 65/66B | €8,082 | €16,712 | +€8,630 | +106.8% |
| Recurring financial charges | 65 | €8,082 | €16,712 | +€8,630 | +106.8% |
| Profit (loss) for the period before taxes | 9903 | €66,904 | €103,158 | +€36,254 | +54.2% |
| Income taxes | 67/77 | €9,603 | €19,919 | +€10,316 | +107.4% |
| Profit (loss) for the period | 9904 | €57,301 | €83,239 | +€25,938 | +45.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,301 | €83,239 | +€25,938 | +45.3% |
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 4 October 2026 via checked.be.