Finarato: 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.
Finarato
Largest movements
- Receivables within one year -€12,905
down €12,905 (-55.1%), from €23,423 to €10,518
of which Other amounts receivable: -€20,919
- Debts after one year -€14,359
down €14,359 (-29.2%), from €49,255 to €34,896
- Other debts -€14,000
no longer reported in 2025 (was €14,000)
- Profit (loss) carried forward +€8,551
up €8,551 (+28.5%), from -€29,995 to -€21,444
- Accrued charges and deferred income +€7,995
new in 2025: €7,995
- Investment grants -€6,387
down €6,387 (-25.0%), from €25,549 to €19,162
- Gross operating margin +€20,193
up €20,193, from -€4,964 to €15,229
- Depreciation -€11,724
down €11,724 (-50.0%), from €23,448 to €11,724
- Financial income -€6,387
down €6,387 (-50.0%), from €12,775 to €6,387
- Financial charges +€242
up €242 (+26.7%), from €905 to €1,147
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 | €72,490 | €58,886 | -€13,604 | -18.8% |
| Fixed assets | 21/28 | €46,896 | €46,490 | -€405 | -0.9% |
| Intangible fixed assets | 21 | €46,896 | €46,490 | -€405 | -0.9% |
| Current assets | 29/58 | €25,594 | €12,395 | -€13,199 | -51.6% |
| Amounts receivable within one year | 40/41 | €23,423 | €10,518 | -€12,905 | -55.1% |
| Trade receivables | 40 | €2,504 | €10,518 | +€8,014 | +320% |
| Other amounts receivable | 41 | €20,919 | - | -€20,919 | |
| Cash at bank and in hand | 54/58 | €2,171 | €1,877 | -€294 | -13.5% |
| Total equity and liabilities | 10/49 | €72,490 | €58,886 | -€13,604 | -18.8% |
| Equity | 10/15 | €4,772 | €6,936 | +€2,163 | +45.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,218 | €4,218 | = | 0.0% |
| Distributable reserves | 133 | €4,218 | €4,218 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,995 | -€21,444 | +€8,551 | +28.5% |
| Investment grants | 15 | €25,549 | €19,162 | -€6,387 | -25.0% |
| Amounts payable | 17/49 | €67,717 | €51,950 | -€15,767 | -23.3% |
| Amounts payable after more than one year | 17 | €49,255 | €34,896 | -€14,359 | -29.2% |
| Financial debts | 170/4 | €49,255 | €34,896 | -€14,359 | -29.2% |
| Amounts payable within one year | 42/48 | €18,463 | €9,060 | -€9,403 | -50.9% |
| Trade debts | 44 | €2,036 | €3,409 | +€1,373 | +67.5% |
| Suppliers | 440/4 | €2,036 | €3,409 | +€1,373 | +67.5% |
| Taxes, remuneration and social security | 45 | €2,427 | €5,651 | +€3,224 | +133% |
| Taxes | 450/3 | €2,427 | €5,651 | +€3,224 | +133% |
| Other amounts payable | 47/48 | €14,000 | - | -€14,000 | |
| Accrued charges and deferred income | 492/3 | - | €7,995 | +€7,995 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,448 | €11,724 | -€11,724 | -50.0% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | -€4,964 | €15,229 | +€20,193 | |
| Operating profit (loss) | 9901 | -€28,474 | €3,443 | +€31,917 | |
| Financial income | 75/76B | €12,775 | €6,387 | -€6,387 | -50.0% |
| Recurring financial income | 75 | €12,775 | €6,387 | -€6,387 | -50.0% |
| Financial charges | 65/66B | €905 | €1,147 | +€242 | +26.7% |
| Recurring financial charges | 65 | €905 | €1,147 | +€242 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,605 | €8,683 | +€25,287 | |
| Income taxes | 67/77 | €55 | €132 | +€77 | +141% |
| Profit (loss) for the period | 9904 | -€16,659 | €8,551 | +€25,210 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,659 | €8,551 | +€25,210 |
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 15 October 2026 via checked.be.