FINBAKES: 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.
FINBAKES
Largest movements
- Cash +€56,878
up €56,878 (+104.3%), from €54,556 to €111,434
mainly Net result for the year (+€40,625) and Tax, wage and social debts (+€19,091)
- Receivables within one year +€2,637
up €2,637 (+15.4%), from €17,177 to €19,815
- Reserves +€40,625
up €40,625 (+100.9%), from €40,261 to €80,885
- Tax, wage and social debts +€19,091
up €19,091 (+102.0%), from €18,720 to €37,811
- Turnover +€24,557
up €24,557 (+15.2%), from €162,068 to €186,625
- Gross operating margin +€9,900
up €9,900 (+18.8%), from €52,763 to €62,663
- Purchases and services +€8,040
up €8,040 (+6.6%), from €121,169 to €129,208
- Taxes +€6,865
up €6,865 (+69.3%), from €9,901 to €16,766
- Depreciation -€6,804
down €6,804 (-63.2%), from €10,758 to €3,954
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,911 | €136,907 | +€59,995 | +78.0% |
| Fixed assets | 21/28 | €5,071 | €5,254 | +€183 | +3.6% |
| Tangible fixed assets | 22/27 | €5,071 | €5,254 | +€183 | +3.6% |
| Plant, machinery and equipment | 23 | - | €2,024 | +€2,024 | |
| Furniture and vehicles | 24 | €3,814 | €3,230 | -€584 | -15.3% |
| Other tangible fixed assets | 26 | €1,257 | - | -€1,257 | |
| Current assets | 29/58 | €71,841 | €131,653 | +€59,812 | +83.3% |
| Amounts receivable within one year | 40/41 | €17,177 | €19,815 | +€2,637 | +15.4% |
| Trade receivables | 40 | €17,177 | €19,815 | +€2,637 | +15.4% |
| Cash at bank and in hand | 54/58 | €54,556 | €111,434 | +€56,878 | +104.3% |
| Deferred charges and accrued income | 490/1 | €107 | €404 | +€297 | +277.0% |
| Total equity and liabilities | 10/49 | €76,911 | €136,907 | +€59,995 | +78.0% |
| Equity | 10/15 | €42,261 | €82,885 | +€40,625 | +96.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Capital | 10 | €2,000 | €2,000 | = | 0.0% |
| Issued capital | 100 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €40,261 | €80,885 | +€40,625 | +100.9% |
| Distributable reserves | 133 | €40,261 | €80,885 | +€40,625 | +100.9% |
| Amounts payable | 17/49 | €34,651 | €54,021 | +€19,371 | +55.9% |
| Amounts payable within one year | 42/48 | €34,651 | €54,021 | +€19,371 | +55.9% |
| Trade debts | 44 | €2,617 | €2,826 | +€208 | +8.0% |
| Suppliers | 440/4 | €2,617 | €2,826 | +€208 | +8.0% |
| Taxes, remuneration and social security | 45 | €18,720 | €37,811 | +€19,091 | +102.0% |
| Taxes | 450/3 | €18,720 | €37,811 | +€19,091 | +102.0% |
| Other amounts payable | 47/48 | €13,313 | €13,384 | +€71 | +0.5% |
| Turnover | 70 | €162,068 | €186,625 | +€24,557 | +15.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €121,169 | €129,208 | +€8,040 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,758 | €3,954 | -€6,804 | -63.2% |
| Other operating charges | 640/8 | €1,106 | €1,292 | +€186 | +16.8% |
| Gross operating margin | 9900 | €52,763 | €62,663 | +€9,900 | +18.8% |
| Operating profit (loss) | 9901 | €40,899 | €57,417 | +€16,518 | +40.4% |
| Financial charges | 65/66B | €61 | €26 | -€36 | -58.2% |
| Recurring financial charges | 65 | €61 | €26 | -€36 | -58.2% |
| Profit (loss) for the period before taxes | 9903 | €40,838 | €57,391 | +€16,553 | +40.5% |
| Income taxes | 67/77 | €9,901 | €16,766 | +€6,865 | +69.3% |
| Profit (loss) for the period | 9904 | €30,937 | €40,625 | +€9,688 | +31.3% |
| Profit (loss) for the period to be appropriated | 9905 | €30,937 | €40,625 | +€9,688 | +31.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.