FINAXI: 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.
FINAXI
Largest movements
- Stocks and contracts -€2.6m
down €2.6m (-80.6%), from €3.3m to €635,372
- Receivables within one year +€240,488
up €240,488 (+2,633%), from €9,133 to €249,622
of which Trade receivables: +€208,984
- Deferred charges and accrued income +€221,772
new in 2025: €221,772
- Cash +€69,782
up €69,782 (+124%), from €56,197 to €125,979
mainly Stocks and contracts (+€2.6m) and Net result for the year (+€548,691)
- Advances received -€2.4m
down €2.4m (-99.8%), from €2.4m to €5,000
- Profit (loss) carried forward +€548,691
up €548,691, from -€48,133 to €500,558
- Debts after one year -€457,222
down €457,222 (-72.4%), from €631,118 to €173,896
- Accrued charges and deferred income +€118,314
up €118,314 (+49.3%), from €240,225 to €358,539
- Provisions +€50,000
new in 2025: €50,000
- Gross operating margin +€789,352
up €789,352, from -€3,779 to €785,573
- Taxes +€171,627
new in 2025: €171,627
- Provisions +€50,000
new in 2025: €50,000
- Financial income -€11,207
down €11,207 (-99.7%), from €11,242 to €35
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 | €3,346,450 | €1,232,744 | -€2.1m | -63.2% |
| Current assets | 29/58 | €3,346,450 | €1,232,744 | -€2.1m | -63.2% |
| Stocks and contracts in progress | 3 | €3,281,120 | €635,372 | -€2.6m | -80.6% |
| Stocks | 30/36 | €3,281,120 | €635,372 | -€2.6m | -80.6% |
| Amounts receivable within one year | 40/41 | €9,133 | €249,622 | +€240,488 | +2,633% |
| Trade receivables | 40 | €48 | €209,032 | +€208,984 | +438,306% |
| Other amounts receivable | 41 | €9,086 | €40,590 | +€31,504 | +347% |
| Cash at bank and in hand | 54/58 | €56,197 | €125,979 | +€69,782 | +124% |
| Deferred charges and accrued income | 490/1 | - | €221,772 | +€221,772 | |
| Total equity and liabilities | 10/49 | €3,346,450 | €1,232,744 | -€2.1m | -63.2% |
| Equity | 10/15 | -€44,833 | €503,858 | +€548,691 | |
| Contributions | 10/11 | €3,300 | €3,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,133 | €500,558 | +€548,691 | |
| Provisions and deferred taxes | 16 | - | €50,000 | +€50,000 | |
| Provisions for liabilities and charges | 160/5 | - | €50,000 | +€50,000 | |
| Environmental obligations | 163 | - | €50,000 | +€50,000 | |
| Amounts payable | 17/49 | €3,391,283 | €678,886 | -€2.7m | -80.0% |
| Amounts payable after more than one year | 17 | €631,118 | €173,896 | -€457,222 | -72.4% |
| Financial debts | 170/4 | €631,118 | €173,896 | -€457,222 | -72.4% |
| Amounts payable within one year | 42/48 | €2,519,940 | €146,452 | -€2.4m | -94.2% |
| Trade debts | 44 | €107,653 | €103,364 | -€4,290 | -4.0% |
| Suppliers | 440/4 | €107,653 | €103,364 | -€4,290 | -4.0% |
| Advances received on contracts in progress | 46 | €2,409,710 | €5,000 | -€2.4m | -99.8% |
| Taxes, remuneration and social security | 45 | €394 | €16,632 | +€16,239 | +4,124% |
| Taxes | 450/3 | €394 | €16,632 | +€16,239 | +4,124% |
| Other amounts payable | 47/48 | €2,183 | €21,456 | +€19,273 | +883% |
| Accrued charges and deferred income | 492/3 | €240,225 | €358,539 | +€118,314 | +49.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €50,000 | +€50,000 | |
| Other operating charges | 640/8 | €528 | €1,807 | +€1,279 | +242% |
| Gross operating margin | 9900 | -€3,779 | €785,573 | +€789,352 | |
| Operating profit (loss) | 9901 | -€4,307 | €733,766 | +€738,073 | |
| Financial income | 75/76B | €11,242 | €35 | -€11,207 | -99.7% |
| Recurring financial income | 75 | €11,242 | €35 | -€11,207 | -99.7% |
| Financial charges | 65/66B | €16,514 | €13,483 | -€3,031 | -18.4% |
| Recurring financial charges | 65 | €16,514 | €13,483 | -€3,031 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,579 | €720,318 | +€729,897 | |
| Income taxes | 67/77 | - | €171,627 | +€171,627 | |
| Profit (loss) for the period | 9904 | -€9,579 | €548,691 | +€558,270 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,579 | €548,691 | +€558,270 |
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 20 October 2026 via checked.be.