FINAVIA: 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.
FINAVIA
Largest movements
- Cash -€129,023
down €129,023 (-60.5%), from €213,414 to €84,391
mainly Other debts (-€107,310) and Net result for the year (-€23,585)
- Other debts -€107,310
down €107,310 (-27.7%), from €386,739 to €279,429
- Profit (loss) carried forward -€23,585
down €23,585 (-9.2%), from -€256,176 to -€279,761
- Trade debts +€3,412
up €3,412 (+55.4%), from €6,163 to €9,574
- Gross operating margin -€70,023
down €70,023, from €59,751 to -€10,273
- Financial charges -€9,323
down €9,323 (-41.8%), from €22,277 to €12,954
- Depreciation -€5,759
down €5,759 (-100%), from €5,759 to €0
- Other operating charges -€1,065
down €1,065 (-71.5%), from €1,489 to €424
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 | €218,595 | €91,112 | -€127,483 | -58.3% |
| Fixed assets | 21/28 | €2,500 | €2,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €216,095 | €88,612 | -€127,483 | -59.0% |
| Amounts receivable within one year | 40/41 | €2,681 | €4,221 | +€1,540 | +57.5% |
| Trade receivables | 40 | €0 | €2,859 | +€2,859 | |
| Other amounts receivable | 41 | €2,681 | €1,363 | -€1,318 | -49.2% |
| Cash at bank and in hand | 54/58 | €213,414 | €84,391 | -€129,023 | -60.5% |
| Total equity and liabilities | 10/49 | €218,595 | €91,112 | -€127,483 | -58.3% |
| Equity | 10/15 | -€174,307 | -€197,892 | -€23,585 | -13.5% |
| Contributions | 10/11 | €74,426 | €74,426 | = | 0.0% |
| Capital | 10 | €74,426 | €74,426 | = | 0.0% |
| Issued capital | 100 | €74,426 | €74,426 | = | 0.0% |
| Reserves | 13 | €7,443 | €7,443 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,443 | €7,443 | = | 0.0% |
| Legal reserve | 130 | €7,443 | €7,443 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€256,176 | -€279,761 | -€23,585 | -9.2% |
| Amounts payable | 17/49 | €392,902 | €289,003 | -€103,898 | -26.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €392,902 | €289,003 | -€103,898 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,163 | €9,574 | +€3,412 | +55.4% |
| Suppliers | 440/4 | €6,163 | €9,574 | +€3,412 | +55.4% |
| Other amounts payable | 47/48 | €386,739 | €279,429 | -€107,310 | -27.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €78,776 | €0 | -€78,776 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,759 | €0 | -€5,759 | -100% |
| Other operating charges | 640/8 | €1,489 | €424 | -€1,065 | -71.5% |
| Gross operating margin | 9900 | €59,751 | -€10,273 | -€70,023 | |
| Operating profit (loss) | 9901 | €52,502 | -€10,697 | -€63,199 | |
| Financial income | 75/76B | €214 | €93 | -€121 | -56.5% |
| Recurring financial income | 75 | €214 | €93 | -€121 | -56.5% |
| Financial charges | 65/66B | €22,277 | €12,954 | -€9,323 | -41.8% |
| Recurring financial charges | 65 | €22,277 | €12,954 | -€9,323 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €30,439 | -€23,557 | -€53,997 | |
| Income taxes | 67/77 | €0 | €27 | +€27 | |
| Profit (loss) for the period | 9904 | €30,439 | -€23,585 | -€54,024 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,439 | -€23,585 | -€54,024 |
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.