FINARMIT: 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.
FINARMIT
Largest movements
- Cash -€1.7m
down €1.7m (-69.1%), from €2.5m to €762,506
mainly Investment in fixed assets (net) (-€1.5m) and Receivables within one year (-€1.3m)
- Tangible fixed assets +€1.5m
up €1.5m (+5.9%), from €25.7m to €27.3m
- Receivables within one year +€1.3m
up €1.3m (+28.5%), from €4.6m to €5.9m
of which Trade receivables: +€4.5m
- Trade debts +€822,124
up €822,124 (+87.6%), from €938,391 to €1.8m
- Financial income +€25,192
up €25,192 (+758.3%), from €3,322 to €28,514
- Gross operating margin -€5,051
down €5,051 (-46.4%), from -€10,889 to -€15,941
- Financial charges +€2,231
up €2,231 (+1238.6%), from €180 to €2,411
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 | €32,798,029 | €33,926,784 | +€1.1m | +3.4% |
| Fixed assets | 21/28 | €25,741,618 | €27,268,790 | +€1.5m | +5.9% |
| Tangible fixed assets | 22/27 | €25,741,618 | €27,268,790 | +€1.5m | +5.9% |
| Assets under construction and advance payments | 27 | €25,741,618 | €27,268,790 | +€1.5m | +5.9% |
| Current assets | 29/58 | €7,056,412 | €6,657,994 | -€398,418 | -5.6% |
| Amounts receivable within one year | 40/41 | €4,586,935 | €5,895,488 | +€1.3m | +28.5% |
| Trade receivables | 40 | €1,369,186 | €5,828,922 | +€4.5m | +325.7% |
| Other amounts receivable | 41 | €3,217,749 | €66,565 | -€3.2m | -97.9% |
| Cash at bank and in hand | 54/58 | €2,466,155 | €762,506 | -€1.7m | -69.1% |
| Deferred charges and accrued income | 490/1 | €3,322 | - | -€3,322 | |
| Total equity and liabilities | 10/49 | €32,798,029 | €33,926,784 | +€1.1m | +3.4% |
| Equity | 10/15 | €10,467,592 | €10,477,634 | +€10,042 | +0.1% |
| Contributions | 10/11 | €10,000,000 | €10,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,844 | -€11,802 | +€10,042 | +46.0% |
| Investment grants | 15 | €489,437 | €489,437 | = | 0.0% |
| Provisions and deferred taxes | 16 | €163,146 | €163,146 | = | 0.0% |
| Deferred taxes | 168 | €163,146 | €163,146 | = | 0.0% |
| Amounts payable | 17/49 | €22,167,292 | €23,286,004 | +€1.1m | +5.0% |
| Amounts payable after more than one year | 17 | €20,525,890 | €20,525,890 | = | 0.0% |
| Financial debts | 170/4 | €20,525,890 | €20,525,890 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,641,402 | €2,464,134 | +€822,732 | +50.1% |
| Current portion of amounts payable after more than one year | 42 | €699,110 | €699,110 | = | 0.0% |
| Trade debts | 44 | €938,391 | €1,760,514 | +€822,124 | +87.6% |
| Suppliers | 440/4 | €938,391 | €1,760,514 | +€822,124 | +87.6% |
| Taxes, remuneration and social security | 45 | €3,901 | €4,509 | +€609 | +15.6% |
| Taxes | 450/3 | - | €1,631 | +€1,631 | |
| Remuneration and social security | 454/9 | €3,901 | €2,879 | -€1,022 | -26.2% |
| Accrued charges and deferred income | 492/3 | - | €295,981 | +€295,981 | |
| Other operating charges | 640/8 | €152 | €120 | -€32 | -21.1% |
| Gross operating margin | 9900 | -€10,889 | -€15,941 | -€5,051 | -46.4% |
| Operating profit (loss) | 9901 | -€11,041 | -€16,061 | -€5,019 | -45.5% |
| Financial income | 75/76B | €3,322 | €28,514 | +€25,192 | +758.3% |
| Recurring financial income | 75 | €3,322 | €28,514 | +€25,192 | +758.3% |
| Financial charges | 65/66B | €180 | €2,411 | +€2,231 | +1238.6% |
| Recurring financial charges | 65 | €180 | €2,411 | +€2,231 | +1238.6% |
| Profit (loss) for the period before taxes | 9903 | -€7,899 | €10,042 | +€17,941 | |
| Profit (loss) for the period | 9904 | -€7,899 | €10,042 | +€17,941 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,899 | €10,042 | +€17,941 |
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 5 October 2026 via checked.be.