FINARAX: 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.
FINARAX
Largest movements
- Tangible fixed assets -€47,504
down €47,504 (-12.4%), from €384,020 to €336,516
of which Land and buildings: -€40,746
- Cash -€10,472
down €10,472 (-7.8%), from €134,952 to €124,480
mainly Other debts (-€45,535) and Debts after one year (-€23,857)
- Other debts -€45,535
down €45,535 (-18.8%), from €241,721 to €196,185
- Debts after one year -€23,857
down €23,857 (-14.5%), from €164,495 to €140,639
- Profit (loss) carried forward +€10,384
up €10,384 (+27.4%), from -€37,881 to -€27,497
- Gross operating margin +€19,198
up €19,198 (+34.2%), from €56,064 to €75,262
- Depreciation +€4,747
up €4,747 (+9.6%), from €49,486 to €54,234
- Financial income +€1,581
up €1,581 (+158,061%), from €1 to €1,582
- Financial charges -€909
down €909 (-10.5%), from €8,633 to €7,725
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 | €526,595 | €467,163 | -€59,432 | -11.3% |
| Fixed assets | 21/28 | €384,020 | €336,516 | -€47,504 | -12.4% |
| Tangible fixed assets | 22/27 | €384,020 | €336,516 | -€47,504 | -12.4% |
| Land and buildings | 22 | €352,374 | €311,628 | -€40,746 | -11.6% |
| Plant, machinery and equipment | 23 | €1,798 | €1,521 | -€278 | -15.4% |
| Furniture and vehicles | 24 | €29,847 | €23,367 | -€6,480 | -21.7% |
| Current assets | 29/58 | €142,575 | €130,647 | -€11,928 | -8.4% |
| Amounts receivable within one year | 40/41 | €6,014 | €5,126 | -€889 | -14.8% |
| Trade receivables | 40 | €6,014 | €4,863 | -€1,151 | -19.1% |
| Other amounts receivable | 41 | - | €263 | +€263 | |
| Cash at bank and in hand | 54/58 | €134,952 | €124,480 | -€10,472 | -7.8% |
| Deferred charges and accrued income | 490/1 | €1,609 | €1,042 | -€567 | -35.3% |
| Total equity and liabilities | 10/49 | €526,595 | €467,163 | -€59,432 | -11.3% |
| Equity | 10/15 | €90,379 | €100,763 | +€10,384 | +11.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €115,860 | €115,860 | = | 0.0% |
| Distributable reserves | 133 | €115,860 | €115,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,881 | -€27,497 | +€10,384 | +27.4% |
| Amounts payable | 17/49 | €436,216 | €366,401 | -€69,816 | -16.0% |
| Amounts payable after more than one year | 17 | €164,495 | €140,639 | -€23,857 | -14.5% |
| Financial debts | 170/4 | €164,495 | €140,639 | -€23,857 | -14.5% |
| Amounts payable within one year | 42/48 | €269,336 | €223,306 | -€46,030 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €22,965 | €23,857 | +€891 | +3.9% |
| Trade debts | 44 | €2,147 | €168 | -€1,980 | -92.2% |
| Suppliers | 440/4 | €2,147 | €168 | -€1,980 | -92.2% |
| Taxes, remuneration and social security | 45 | €2,503 | €3,096 | +€593 | +23.7% |
| Taxes | 450/3 | €2,503 | €3,096 | +€593 | +23.7% |
| Other amounts payable | 47/48 | €241,721 | €196,185 | -€45,535 | -18.8% |
| Accrued charges and deferred income | 492/3 | €2,384 | €2,456 | +€71 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,486 | €54,234 | +€4,747 | +9.6% |
| Other operating charges | 640/8 | €4,925 | €4,289 | -€636 | -12.9% |
| Gross operating margin | 9900 | €56,064 | €75,262 | +€19,198 | +34.2% |
| Operating profit (loss) | 9901 | €1,652 | €16,739 | +€15,087 | +913% |
| Financial income | 75/76B | €1 | €1,582 | +€1,581 | +158,061% |
| Recurring financial income | 75 | €1 | €1,582 | +€1,581 | +158,061% |
| Financial charges | 65/66B | €8,633 | €7,725 | -€909 | -10.5% |
| Recurring financial charges | 65 | €8,633 | €7,725 | -€909 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,980 | €10,596 | +€17,576 | |
| Income taxes | 67/77 | €140 | €212 | +€72 | +51.5% |
| Profit (loss) for the period | 9904 | -€7,120 | €10,384 | +€17,504 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,120 | €10,384 | +€17,504 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.