FINANS: 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.
FINANS
Largest movements
- Tangible fixed assets -€14,840
down €14,840 (-3.0%), from €502,826 to €487,986
of which Land and buildings: -€25,512
- Other debts +€59,557
up €59,557 (+53.5%), from €111,330 to €170,886
- Debts after one year -€35,088
down €35,088 (-11.0%), from €319,812 to €284,724
- Profit (loss) carried forward -€30,548
down €30,548 (-68.1%), from €44,835 to €14,287
- Gross operating margin +€16,229
up €16,229 (+36.0%), from €45,141 to €61,370
- Taxes +€3,926
up €3,926 (+137%), from €2,867 to €6,793
- Depreciation +€2,810
up €2,810 (+10.1%), from €27,852 to €30,662
- Financial charges -€667
down €667 (-11.4%), from €5,860 to €5,193
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 | €525,881 | €518,339 | -€7,542 | -1.4% |
| Fixed assets | 21/28 | €502,826 | €487,986 | -€14,840 | -3.0% |
| Tangible fixed assets | 22/27 | €502,826 | €487,986 | -€14,840 | -3.0% |
| Land and buildings | 22 | €501,454 | €475,942 | -€25,512 | -5.1% |
| Plant, machinery and equipment | 23 | €306 | €7,132 | +€6,826 | +2,229% |
| Furniture and vehicles | 24 | €1,066 | €4,911 | +€3,846 | +361% |
| Current assets | 29/58 | €23,055 | €30,353 | +€7,298 | +31.7% |
| Amounts receivable within one year | 40/41 | €12,670 | €15,863 | +€3,193 | +25.2% |
| Trade receivables | 40 | €9,983 | €10,164 | +€182 | +1.8% |
| Other amounts receivable | 41 | €2,687 | €5,699 | +€3,011 | +112% |
| Cash at bank and in hand | 54/58 | €7,879 | €10,807 | +€2,928 | +37.2% |
| Deferred charges and accrued income | 490/1 | €2,506 | €3,684 | +€1,178 | +47.0% |
| Total equity and liabilities | 10/49 | €525,881 | €518,339 | -€7,542 | -1.4% |
| Equity | 10/15 | €45,835 | €15,287 | -€30,548 | -66.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,835 | €14,287 | -€30,548 | -68.1% |
| Amounts payable | 17/49 | €480,046 | €503,052 | +€23,005 | +4.8% |
| Amounts payable after more than one year | 17 | €319,812 | €284,724 | -€35,088 | -11.0% |
| Financial debts | 170/4 | €319,812 | €284,724 | -€35,088 | -11.0% |
| Amounts payable within one year | 42/48 | €160,168 | €218,260 | +€58,092 | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €35,088 | €35,088 | = | 0.0% |
| Trade debts | 44 | €9,522 | €5,561 | -€3,961 | -41.6% |
| Suppliers | 440/4 | €9,522 | €5,561 | -€3,961 | -41.6% |
| Advances received on contracts in progress | 46 | €1,430 | - | -€1,430 | |
| Taxes, remuneration and social security | 45 | €2,799 | €6,725 | +€3,926 | +140% |
| Taxes | 450/3 | €2,799 | €6,725 | +€3,926 | +140% |
| Other amounts payable | 47/48 | €111,330 | €170,886 | +€59,557 | +53.5% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Non-recurring operating income | 76A | - | €2,578 | +€2,578 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,852 | €30,662 | +€2,810 | +10.1% |
| Other operating charges | 640/8 | €4,183 | €4,444 | +€261 | +6.2% |
| Gross operating margin | 9900 | €45,141 | €61,370 | +€16,229 | +36.0% |
| Operating profit (loss) | 9901 | €13,106 | €26,264 | +€13,158 | +100% |
| Financial income | 75/76B | €8 | €9 | +€1 | +6.3% |
| Recurring financial income | 75 | €8 | €9 | +€1 | +6.3% |
| Financial charges | 65/66B | €5,860 | €5,193 | -€667 | -11.4% |
| Recurring financial charges | 65 | €5,860 | €5,193 | -€667 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €7,254 | €21,080 | +€13,826 | +191% |
| Income taxes | 67/77 | €2,867 | €6,793 | +€3,926 | +137% |
| Profit (loss) for the period | 9904 | €4,387 | €14,287 | +€9,900 | +226% |
| Profit (loss) for the period to be appropriated | 9905 | €4,387 | €14,287 | +€9,900 | +226% |
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 25 October 2026 via checked.be.