FINDAR: 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.
FINDAR
Largest movements
- Current investments -€4.6m
down €4.6m (-38.9%), from €11.9m to €7.3m
- Cash -€219,988
down €219,988 (-67.7%), from €324,932 to €104,944
mainly Other debts (-€5.2m) and Tax, wage and social debts (-€36,653)
- Other debts -€5.2m
down €5.2m (-60.2%), from €8.7m to €3.5m
- Reserves +€339,084
up €339,084 (+9.3%), from €3.6m to €4.0m
- Gross operating margin -€2.2m
down €2.2m (-81.0%), from €2.7m to €514,957
- Taxes -€694,781
down €694,781 (-81.4%), from €853,542 to €158,761
- Financial income -€221,445
down €221,445 (-49.2%), from €449,643 to €228,198
- Financial charges -€194,859
down €194,859 (-45.1%), from €431,800 to €236,941
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.
Cash bridge derived
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 | €12,545,928 | €7,684,797 | -€4.9m | -38.7% |
| Fixed assets | 21/28 | €136,666 | €134,291 | -€2,375 | -1.7% |
| Tangible fixed assets | 22/27 | €136,666 | €134,291 | -€2,375 | -1.7% |
| Land and buildings | 22 | - | €133,461 | +€133,461 | |
| Plant, machinery and equipment | 23 | €3,205 | €830 | -€2,375 | -74.1% |
| Other tangible fixed assets | 26 | €133,461 | - | -€133,461 | |
| Current assets | 29/58 | €12,409,262 | €7,550,506 | -€4.9m | -39.2% |
| Amounts receivable within one year | 40/41 | €182,439 | €180,561 | -€1,878 | -1.0% |
| Trade receivables | 40 | €140,311 | €165,910 | +€25,600 | +18.2% |
| Other amounts receivable | 41 | €42,128 | €14,651 | -€27,477 | -65.2% |
| Current investments | 50/53 | €11,900,000 | €7,265,000 | -€4.6m | -38.9% |
| Cash at bank and in hand | 54/58 | €324,932 | €104,944 | -€219,988 | -67.7% |
| Deferred charges and accrued income | 490/1 | €1,891 | €0 | -€1,891 | -100.0% |
| Total equity and liabilities | 10/49 | €12,545,928 | €7,684,797 | -€4.9m | -38.7% |
| Equity | 10/15 | €3,688,711 | €4,028,248 | +€339,537 | +9.2% |
| Contributions | 10/11 | €9,765 | €9,765 | = | 0.0% |
| Reserves | 13 | €3,648,776 | €3,987,860 | +€339,084 | +9.3% |
| Distributable reserves | 133 | €3,648,776 | €3,987,860 | +€339,084 | +9.3% |
| Profit (loss) carried forward | 14 | €30,171 | €30,623 | +€452 | +1.5% |
| Amounts payable | 17/49 | €8,857,217 | €3,656,549 | -€5.2m | -58.7% |
| Amounts payable within one year | 42/48 | €8,857,217 | €3,578,843 | -€5.3m | -59.6% |
| Trade debts | 44 | €31,135 | €31,028 | -€107 | -0.3% |
| Suppliers | 440/4 | €31,135 | €31,028 | -€107 | -0.3% |
| Taxes, remuneration and social security | 45 | €117,978 | €81,325 | -€36,653 | -31.1% |
| Taxes | 450/3 | €117,978 | €81,325 | -€36,653 | -31.1% |
| Other amounts payable | 47/48 | €8,708,104 | €3,466,490 | -€5.2m | -60.2% |
| Accrued charges and deferred income | 492/3 | - | €77,706 | +€77,706 | |
| Remuneration, social security and pensions | 62 | - | €4,155 | +€4,155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,479 | €2,375 | -€5,104 | -68.2% |
| Other operating charges | 640/8 | €3,309 | €1,386 | -€1,923 | -58.1% |
| Gross operating margin | 9900 | €2,714,819 | €514,957 | -€2.2m | -81.0% |
| Operating profit (loss) | 9901 | €2,704,031 | €507,041 | -€2.2m | -81.2% |
| Financial income | 75/76B | €449,643 | €228,198 | -€221,445 | -49.2% |
| Recurring financial income | 75 | €449,643 | €228,198 | -€221,445 | -49.2% |
| Financial charges | 65/66B | €431,800 | €236,941 | -€194,859 | -45.1% |
| Recurring financial charges | 65 | €431,800 | €236,941 | -€194,859 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €2,721,874 | €498,298 | -€2.2m | -81.7% |
| Income taxes | 67/77 | €853,542 | €158,761 | -€694,781 | -81.4% |
| Profit (loss) for the period | 9904 | €1,868,332 | €339,537 | -€1.5m | -81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,868,332 | €339,537 | -€1.5m | -81.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.