FINANZA: 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.
FINANZA
Largest movements
- Cash +€154,461
new in 2025: €154,461
mainly Other debts (+€117,523) and Current investments (+€84,969)
- Current investments -€84,969
no longer reported in 2025 (was €84,969)
- Receivables within one year -€19,077
down €19,077 (-100.0%), from €19,077 to €0
- Other debts +€117,523
up €117,523 (+65290.8%), from €180 to €117,703
- Profit (loss) carried forward -€61,369
down €61,369 (-681.3%), from -€9,007 to -€70,376
- Tax, wage and social debts -€3,134
down €3,134 (-20.8%), from €15,087 to €11,953
- Gross operating margin +€9,050
up €9,050 (+9.9%), from €90,997 to €100,047
- Taxes +€6,309
up €6,309 (+45.0%), from €14,018 to €20,327
- Financial income -€4,310
down €4,310 (-83.9%), from €5,135 to €825
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 | €105,230 | €156,893 | +€51,663 | +49.1% |
| Fixed assets | 21/28 | €1,184 | €988 | -€196 | -16.5% |
| Tangible fixed assets | 22/27 | €1,184 | €988 | -€196 | -16.5% |
| Plant, machinery and equipment | 23 | €1,184 | €988 | -€196 | -16.5% |
| Current assets | 29/58 | €104,046 | €155,905 | +€51,859 | +49.8% |
| Amounts receivable within one year | 40/41 | €19,077 | €0 | -€19,077 | -100.0% |
| Trade receivables | 40 | €19,077 | €0 | -€19,077 | -100.0% |
| Current investments | 50/53 | €84,969 | - | -€84,969 | |
| Cash at bank and in hand | 54/58 | - | €154,461 | +€154,461 | |
| Deferred charges and accrued income | 490/1 | - | €1,444 | +€1,444 | |
| Total equity and liabilities | 10/49 | €105,230 | €156,893 | +€51,663 | +49.1% |
| Equity | 10/15 | €88,593 | €27,224 | -€61,369 | -69.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €95,600 | €95,600 | -€0 | 0.0% |
| Distributable reserves | 133 | €95,600 | €95,600 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€9,007 | -€70,376 | -€61,369 | -681.3% |
| Amounts payable | 17/49 | €16,637 | €129,669 | +€113,032 | +679.4% |
| Amounts payable within one year | 42/48 | €16,637 | €129,669 | +€113,032 | +679.4% |
| Trade debts | 44 | €1,370 | €13 | -€1,357 | -99.1% |
| Suppliers | 440/4 | €1,370 | €13 | -€1,357 | -99.1% |
| Taxes, remuneration and social security | 45 | €15,087 | €11,953 | -€3,134 | -20.8% |
| Taxes | 450/3 | €15,087 | €11,953 | -€3,134 | -20.8% |
| Other amounts payable | 47/48 | €180 | €117,703 | +€117,523 | +65290.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €672 | €790 | +€118 | +17.6% |
| Other operating charges | 640/8 | €449 | €613 | +€164 | +36.6% |
| Gross operating margin | 9900 | €90,997 | €100,047 | +€9,050 | +9.9% |
| Operating profit (loss) | 9901 | €89,876 | €98,643 | +€8,767 | +9.8% |
| Financial income | 75/76B | €5,135 | €825 | -€4,310 | -83.9% |
| Recurring financial income | 75 | €5,135 | €825 | -€4,310 | -83.9% |
| Financial charges | 65/66B | - | €511 | +€511 | |
| Recurring financial charges | 65 | - | €511 | +€511 | |
| Profit (loss) for the period before taxes | 9903 | €95,011 | €98,958 | +€3,947 | +4.2% |
| Income taxes | 67/77 | €14,018 | €20,327 | +€6,309 | +45.0% |
| Profit (loss) for the period | 9904 | €80,993 | €78,631 | -€2,362 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €80,993 | €78,631 | -€2,362 | -2.9% |
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 3 October 2026 via checked.be.