FINAROCHE: 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.
FINAROCHE
Largest movements
- Financial fixed assets -€4.8m
down €4.8m (-44.1%), from €11.0m to €6.2m
- Current investments -€2.5m
down €2.5m (-26.3%), from €9.4m to €6.9m
- Cash +€698,327
up €698,327 (+361.9%), from €192,973 to €891,300
mainly Investment in fixed assets (net) (+€4.8m) and Current investments (+€2.5m)
- Receivables after one year -€300,000
down €300,000 (-30.0%), from €1.0m to €700,000
- Profit (loss) carried forward -€5.5m
down €5.5m, from €3.8m to -€1.7m
- Debts after one year -€833,229
no longer reported in 2025 (was €833,229)
- Reserves -€341,593
down €341,593 (-5.9%), from €5.8m to €5.5m
- Tax, wage and social debts -€254,256
no longer reported in 2025 (was €254,256)
- Financial charges +€4.8m
up €4.8m (+1800.2%), from €264,197 to €5.0m
of which Non-recurring financial charges: +€4.8m
- Financial income -€354,248
down €354,248 (-29.9%), from €1.2m to €831,860
- Taxes -€112,540
down €112,540 (-43.2%), from €260,294 to €147,753
- Gross operating margin -€29,760
down €29,760 (-26.0%), from -€114,499 to -€144,260
- Other operating charges -€16,797
down €16,797 (-94.4%), from €17,795 to €998
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 | €21,783,453 | €14,833,258 | -€7.0m | -31.9% |
| Fixed assets | 21/28 | €11,000,410 | €6,152,820 | -€4.8m | -44.1% |
| Financial fixed assets | 28 | €11,000,410 | €6,152,820 | -€4.8m | -44.1% |
| Current assets | 29/58 | €10,783,043 | €8,680,438 | -€2.1m | -19.5% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €700,000 | -€300,000 | -30.0% |
| Other amounts receivable | 291 | €1,000,000 | €700,000 | -€300,000 | -30.0% |
| Amounts receivable within one year | 40/41 | €53,960 | €36,951 | -€17,009 | -31.5% |
| Other amounts receivable | 41 | €53,960 | €36,951 | -€17,009 | -31.5% |
| Current investments | 50/53 | €9,405,121 | €6,926,899 | -€2.5m | -26.3% |
| Cash at bank and in hand | 54/58 | €192,973 | €891,300 | +€698,327 | +361.9% |
| Deferred charges and accrued income | 490/1 | €130,989 | €125,289 | -€5,700 | -4.4% |
| Total equity and liabilities | 10/49 | €21,783,453 | €14,833,258 | -€7.0m | -31.9% |
| Equity | 10/15 | €20,642,369 | €14,819,396 | -€5.8m | -28.2% |
| Contributions | 10/11 | €11,000,000 | €11,000,000 | = | 0.0% |
| Reserves | 13 | €5,813,500 | €5,471,907 | -€341,593 | -5.9% |
| Distributable reserves | 133 | €5,813,500 | €5,471,907 | -€341,593 | -5.9% |
| Profit (loss) carried forward | 14 | €3,828,869 | -€1,652,510 | -€5.5m | |
| Amounts payable | 17/49 | €1,141,085 | €13,862 | -€1.1m | -98.8% |
| Amounts payable after more than one year | 17 | €833,229 | - | -€833,229 | |
| Other amounts payable | 178/9 | €833,229 | - | -€833,229 | |
| Amounts payable within one year | 42/48 | €307,856 | - | -€307,856 | |
| Taxes, remuneration and social security | 45 | €254,256 | - | -€254,256 | |
| Taxes | 450/3 | €254,256 | - | -€254,256 | |
| Other amounts payable | 47/48 | €53,599 | - | -€53,599 | |
| Accrued charges and deferred income | 492/3 | - | €13,862 | +€13,862 | |
| Other operating charges | 640/8 | €17,795 | €998 | -€16,797 | -94.4% |
| Gross operating margin | 9900 | -€114,499 | -€144,260 | -€29,760 | -26.0% |
| Operating profit (loss) | 9901 | -€132,294 | -€145,258 | -€12,964 | -9.8% |
| Financial income | 75/76B | €1,186,108 | €831,860 | -€354,248 | -29.9% |
| Recurring financial income | 75 | €1,186,108 | €831,860 | -€354,248 | -29.9% |
| Financial charges | 65/66B | €264,197 | €5,020,228 | +€4.8m | +1800.2% |
| Recurring financial charges | 65 | €264,197 | €172,638 | -€91,559 | -34.7% |
| Non-recurring financial charges | 66B | - | €4,847,590 | +€4.8m | |
| Profit (loss) for the period before taxes | 9903 | €789,616 | -€4,333,626 | -€5.1m | |
| Income taxes | 67/77 | €260,294 | €147,753 | -€112,540 | -43.2% |
| Profit (loss) for the period | 9904 | €529,323 | -€4,481,379 | -€5.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €529,323 | -€4,481,379 | -€5.0m |
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 10 October 2026 via checked.be.