FINASSE: 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.
FINASSE
Largest movements
- Tangible fixed assets +€254,856
up €254,856 (+1,930%), from €13,202 to €268,058
of which Other tangible fixed assets: +€255,894
- Current investments -€75,000
down €75,000 (-93.8%), from €80,000 to €5,000
- Cash -€17,461
down €17,461 (-67.2%), from €25,994 to €8,532
mainly Investment in fixed assets (net) (-€263,040) and Contributions, distributions and other (-€111,080)
- Receivables within one year +€15,330
up €15,330 (+588%), from €2,605 to €17,935
of which Other amounts receivable: +€13,973
- Debts after one year +€210,067
up €210,067 (+3,351%), from €6,269 to €216,336
- Reserves -€73,685
down €73,685 (-84.3%), from €87,416 to €13,731
- Other debts +€20,833
new in 2025: €20,833
- Revaluation surpluses +€7,400
new in 2025: €7,400
- Current portion of long-term debt +€7,043
up €7,043 (+89.3%), from €7,890 to €14,933
- Gross operating margin -€7,000
down €7,000 (-9.6%), from €73,057 to €66,058
- Taxes -€1,449
down €1,449 (-11.0%), from €13,174 to €11,726
- Financial income +€1,283
up €1,283 (+215%), from €596 to €1,880
- Other operating charges +€1,007
up €1,007 (+97.6%), from €1,032 to €2,039
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 | €123,189 | €302,517 | +€179,328 | +146% |
| Fixed assets | 21/28 | €13,202 | €268,058 | +€254,856 | +1,930% |
| Tangible fixed assets | 22/27 | €13,202 | €268,058 | +€254,856 | +1,930% |
| Furniture and vehicles | 24 | - | €6,995 | +€6,995 | |
| Leasing and similar rights | 25 | €13,202 | €5,170 | -€8,032 | -60.8% |
| Other tangible fixed assets | 26 | - | €255,894 | +€255,894 | |
| Current assets | 29/58 | €109,987 | €34,459 | -€75,528 | -68.7% |
| Amounts receivable within one year | 40/41 | €2,605 | €17,935 | +€15,330 | +588% |
| Trade receivables | 40 | €605 | €1,962 | +€1,357 | +224% |
| Other amounts receivable | 41 | €2,000 | €15,973 | +€13,973 | +699% |
| Current investments | 50/53 | €80,000 | €5,000 | -€75,000 | -93.8% |
| Cash at bank and in hand | 54/58 | €25,994 | €8,532 | -€17,461 | -67.2% |
| Deferred charges and accrued income | 490/1 | €1,389 | €2,992 | +€1,603 | +115% |
| Total equity and liabilities | 10/49 | €123,189 | €302,517 | +€179,328 | +146% |
| Equity | 10/15 | €97,416 | €31,131 | -€66,285 | -68.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €7,400 | +€7,400 | |
| Reserves | 13 | €87,416 | €13,731 | -€73,685 | -84.3% |
| Distributable reserves | 133 | €87,416 | €13,731 | -€73,685 | -84.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €25,773 | €271,386 | +€245,613 | +953% |
| Amounts payable after more than one year | 17 | €6,269 | €216,336 | +€210,067 | +3,351% |
| Financial debts | 170/4 | €6,269 | €216,336 | +€210,067 | +3,351% |
| Amounts payable within one year | 42/48 | €19,504 | €54,314 | +€34,811 | +178% |
| Current portion of amounts payable after more than one year | 42 | €7,890 | €14,933 | +€7,043 | +89.3% |
| Trade debts | 44 | €2,455 | €8,553 | +€6,098 | +248% |
| Suppliers | 440/4 | €2,455 | €8,553 | +€6,098 | +248% |
| Taxes, remuneration and social security | 45 | €9,158 | €9,995 | +€836 | +9.1% |
| Taxes | 450/3 | €6,617 | €7,579 | +€962 | +14.5% |
| Remuneration and social security | 454/9 | €2,541 | €2,416 | -€125 | -4.9% |
| Other amounts payable | 47/48 | - | €20,833 | +€20,833 | |
| Accrued charges and deferred income | 492/3 | - | €736 | +€736 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,142 | €8,184 | +€42 | +0.5% |
| Other operating charges | 640/8 | €1,032 | €2,039 | +€1,007 | +97.6% |
| Gross operating margin | 9900 | €73,057 | €66,058 | -€7,000 | -9.6% |
| Operating profit (loss) | 9901 | €63,883 | €55,834 | -€8,049 | -12.6% |
| Financial income | 75/76B | €596 | €1,880 | +€1,283 | +215% |
| Recurring financial income | 75 | €596 | €1,880 | +€1,283 | +215% |
| Financial charges | 65/66B | €483 | €1,193 | +€711 | +147% |
| Recurring financial charges | 65 | €483 | €1,193 | +€711 | +147% |
| Profit (loss) for the period before taxes | 9903 | €63,997 | €56,521 | -€7,476 | -11.7% |
| Income taxes | 67/77 | €13,174 | €11,726 | -€1,449 | -11.0% |
| Profit (loss) for the period | 9904 | €50,823 | €44,795 | -€6,028 | -11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €50,823 | €44,795 | -€6,028 | -11.9% |
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 14 October 2026 via checked.be.