Finas: 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.
Finas
Largest movements
- Cash -€48,253
down €48,253 (-65.3%), from €73,839 to €25,587
mainly Other debts (-€64,026) and Tax, wage and social debts (-€4,558)
- Tangible fixed assets -€14,782
down €14,782 (-20.8%), from €71,004 to €56,222
- Receivables within one year -€3,773
down €3,773 (-75.9%), from €4,972 to €1,199
of which Other amounts receivable: -€4,208
- Other debts -€64,026
down €64,026 (-77.5%), from €82,655 to €18,629
- Tax, wage and social debts -€4,558
down €4,558 (-70.5%), from €6,465 to €1,906
- Gross operating margin -€32,829
down €32,829 (-63.8%), from €51,448 to €18,619
- Taxes -€6,301
down €6,301 (-71.8%), from €8,771 to €2,470
- Depreciation +€1,161
up €1,161 (+8.5%), from €13,621 to €14,782
- Other operating charges -€811
down €811 (-48.3%), from €1,680 to €868
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 | €149,815 | €83,007 | -€66,808 | -44.6% |
| Fixed assets | 21/28 | €71,004 | €56,222 | -€14,782 | -20.8% |
| Tangible fixed assets | 22/27 | €71,004 | €56,222 | -€14,782 | -20.8% |
| Furniture and vehicles | 24 | €71,004 | €56,222 | -€14,782 | -20.8% |
| Current assets | 29/58 | €78,811 | €26,786 | -€52,026 | -66.0% |
| Amounts receivable within one year | 40/41 | €4,972 | €1,199 | -€3,773 | -75.9% |
| Trade receivables | 40 | - | €436 | +€436 | |
| Other amounts receivable | 41 | €4,972 | €763 | -€4,208 | -84.6% |
| Cash at bank and in hand | 54/58 | €73,839 | €25,587 | -€48,253 | -65.3% |
| Total equity and liabilities | 10/49 | €149,815 | €83,007 | -€66,808 | -44.6% |
| Equity | 10/15 | €59,509 | €59,977 | +€469 | +0.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,057 | €39,526 | +€469 | +1.2% |
| Amounts payable | 17/49 | €90,306 | €23,030 | -€67,277 | -74.5% |
| Amounts payable within one year | 42/48 | €90,306 | €23,030 | -€67,277 | -74.5% |
| Trade debts | 44 | €1,186 | €2,494 | +€1,308 | +110.3% |
| Suppliers | 440/4 | €1,186 | €2,494 | +€1,308 | +110.3% |
| Taxes, remuneration and social security | 45 | €6,465 | €1,906 | -€4,558 | -70.5% |
| Taxes | 450/3 | €6,465 | €1,906 | -€4,558 | -70.5% |
| Other amounts payable | 47/48 | €82,655 | €18,629 | -€64,026 | -77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,621 | €14,782 | +€1,161 | +8.5% |
| Other operating charges | 640/8 | €1,680 | €868 | -€811 | -48.3% |
| Gross operating margin | 9900 | €51,448 | €18,619 | -€32,829 | -63.8% |
| Operating profit (loss) | 9901 | €36,147 | €2,969 | -€33,179 | -91.8% |
| Financial income | 75/76B | €45 | €9 | -€36 | -79.8% |
| Recurring financial income | 75 | €45 | €9 | -€36 | -79.8% |
| Financial charges | 65/66B | €42 | €39 | -€3 | -6.6% |
| Recurring financial charges | 65 | €42 | €39 | -€3 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €36,150 | €2,939 | -€33,212 | -91.9% |
| Income taxes | 67/77 | €8,771 | €2,470 | -€6,301 | -71.8% |
| Profit (loss) for the period | 9904 | €27,379 | €469 | -€26,911 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,379 | €469 | -€26,911 | -98.3% |
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.