FINASSIM: 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.
FINASSIM
Largest movements
- Tangible fixed assets -€58,361
down €58,361 (-13.7%), from €425,251 to €366,891
of which Land and buildings: -€47,362
- Cash +€24,910
up €24,910 (+57.6%), from €43,210 to €68,120
mainly Depreciation (+€58,361) and Accrued charges and deferred income (+€6,724)
- Profit (loss) carried forward -€22,651
down €22,651 (-4.2%), from -€537,202 to -€559,852
- Debts after one year -€15,416
down €15,416 (-36.8%), from €41,845 to €26,430
- Accrued charges and deferred income +€6,724
up €6,724 (+1,592%), from €422 to €7,146
- Depreciation -€1,478
down €1,478 (-2.5%), from €59,839 to €58,361
- Gross operating margin -€1,317
down €1,317 (-2.5%), from €52,787 to €51,470
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 | €473,181 | €443,177 | -€30,004 | -6.3% |
| Fixed assets | 21/28 | €425,338 | €366,977 | -€58,361 | -13.7% |
| Tangible fixed assets | 22/27 | €425,251 | €366,891 | -€58,361 | -13.7% |
| Land and buildings | 22 | €410,930 | €363,568 | -€47,362 | -11.5% |
| Furniture and vehicles | 24 | €14,322 | €3,323 | -€10,999 | -76.8% |
| Financial fixed assets | 28 | €87 | €87 | = | 0.0% |
| Current assets | 29/58 | €47,843 | €76,200 | +€28,357 | +59.3% |
| Cash at bank and in hand | 54/58 | €43,210 | €68,120 | +€24,910 | +57.6% |
| Deferred charges and accrued income | 490/1 | €4,633 | €8,079 | +€3,447 | +74.4% |
| Total equity and liabilities | 10/49 | €473,181 | €443,177 | -€30,004 | -6.3% |
| Equity | 10/15 | -€139,988 | -€162,639 | -€22,651 | -16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €378,366 | €378,366 | = | 0.0% |
| Reserves | 13 | €248 | €248 | = | 0.0% |
| Distributable reserves | 133 | €248 | €248 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€537,202 | -€559,852 | -€22,651 | -4.2% |
| Provisions and deferred taxes | 16 | €40,232 | €38,603 | -€1,629 | -4.0% |
| Provisions for liabilities and charges | 160/5 | €40,232 | €38,603 | -€1,629 | -4.0% |
| Environmental obligations | 163 | €40,232 | €38,603 | -€1,629 | -4.0% |
| Amounts payable | 17/49 | €572,937 | €567,213 | -€5,724 | -1.0% |
| Amounts payable after more than one year | 17 | €41,845 | €26,430 | -€15,416 | -36.8% |
| Financial debts | 170/4 | €41,845 | €26,430 | -€15,416 | -36.8% |
| Amounts payable within one year | 42/48 | €530,670 | €533,638 | +€2,967 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €15,093 | €15,416 | +€323 | +2.1% |
| Trade debts | 44 | €5,283 | €3,266 | -€2,017 | -38.2% |
| Suppliers | 440/4 | €5,283 | €3,266 | -€2,017 | -38.2% |
| Advances received on contracts in progress | 46 | - | €1,857 | +€1,857 | |
| Taxes, remuneration and social security | 45 | €285 | €320 | +€35 | +12.3% |
| Taxes | 450/3 | €285 | €320 | +€35 | +12.3% |
| Other amounts payable | 47/48 | €510,009 | €512,779 | +€2,770 | +0.5% |
| Accrued charges and deferred income | 492/3 | €422 | €7,146 | +€6,724 | +1,592% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,839 | €58,361 | -€1,478 | -2.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,629 | -€1,629 | -€0 | 0.0% |
| Other operating charges | 640/8 | €6,620 | €7,109 | +€489 | +7.4% |
| Gross operating margin | 9900 | €52,787 | €51,470 | -€1,317 | -2.5% |
| Operating profit (loss) | 9901 | -€12,043 | -€12,371 | -€328 | -2.7% |
| Financial charges | 65/66B | €10,131 | €9,959 | -€172 | -1.7% |
| Recurring financial charges | 65 | €10,131 | €9,959 | -€172 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€22,174 | -€22,331 | -€157 | -0.7% |
| Income taxes | 67/77 | €285 | €320 | +€35 | +12.3% |
| Profit (loss) for the period | 9904 | -€22,459 | -€22,651 | -€192 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,459 | -€22,651 | -€192 | -0.9% |
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 18 October 2026 via checked.be.