FINE: 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.
FINE
Largest movements
- Receivables within one year +€72,097
up €72,097 (+111.2%), from €64,847 to €136,944
of which Trade receivables: +€85,411
- Cash +€44,731
up €44,731 (+49.7%), from €89,979 to €134,709
mainly Depreciation (+€109,409) and Net result for the year (+€78,102)
- Tangible fixed assets -€39,112
down €39,112 (-6.5%), from €601,957 to €562,845
of which Furniture and vehicles: -€30,233
- Profit (loss) carried forward +€78,102
up €78,102 (+16.1%), from -€483,632 to -€405,529
- Trade debts -€77,149
down €77,149 (-83.0%), from €92,989 to €15,839
- Tax, wage and social debts +€72,576
up €72,576 (+56.7%), from €128,018 to €200,594
of which Taxes: +€39,558
- Short-term financial debts +€10,000
new in 2025: €10,000
- Gross operating margin +€447,768
up €447,768 (+53.6%), from €835,949 to €1.3m
- Staff costs +€300,564
up €300,564 (+38.4%), from €782,670 to €1.1m
- Depreciation +€31,525
up €31,525 (+40.5%), from €77,884 to €109,409
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 | €845,770 | €933,892 | +€88,122 | +10.4% |
| Formation expenses | 20 | €103 | - | -€103 | |
| Fixed assets | 21/28 | €654,289 | €623,098 | -€31,191 | -4.8% |
| Intangible fixed assets | 21 | €4,232 | €12,153 | +€7,921 | +187.2% |
| Tangible fixed assets | 22/27 | €601,957 | €562,845 | -€39,112 | -6.5% |
| Plant, machinery and equipment | 23 | €9,747 | €13,521 | +€3,774 | +38.7% |
| Furniture and vehicles | 24 | €143,103 | €112,871 | -€30,233 | -21.1% |
| Other tangible fixed assets | 26 | €449,106 | €436,453 | -€12,653 | -2.8% |
| Financial fixed assets | 28 | €48,100 | €48,100 | = | 0.0% |
| Current assets | 29/58 | €191,378 | €310,794 | +€119,417 | +62.4% |
| Stocks and contracts in progress | 3 | €33,229 | €35,001 | +€1,772 | +5.3% |
| Stocks | 30/36 | €33,229 | €35,001 | +€1,772 | +5.3% |
| Amounts receivable within one year | 40/41 | €64,847 | €136,944 | +€72,097 | +111.2% |
| Trade receivables | 40 | €51,424 | €136,836 | +€85,411 | +166.1% |
| Other amounts receivable | 41 | €13,422 | €109 | -€13,314 | -99.2% |
| Cash at bank and in hand | 54/58 | €89,979 | €134,709 | +€44,731 | +49.7% |
| Deferred charges and accrued income | 490/1 | €3,323 | €4,140 | +€817 | +24.6% |
| Total equity and liabilities | 10/49 | €845,770 | €933,892 | +€88,122 | +10.4% |
| Equity | 10/15 | -€436,751 | -€357,611 | +€79,140 | +18.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€483,632 | -€405,529 | +€78,102 | +16.1% |
| Investment grants | 15 | €36,881 | €37,918 | +€1,037 | +2.8% |
| Amounts payable | 17/49 | €1,282,521 | €1,291,503 | +€8,983 | +0.7% |
| Amounts payable within one year | 42/48 | €1,282,387 | €1,291,503 | +€9,117 | +0.7% |
| Financial debts | 43 | - | €10,000 | +€10,000 | |
| Other loans | 439 | - | €10,000 | +€10,000 | |
| Trade debts | 44 | €92,989 | €15,839 | -€77,149 | -83.0% |
| Suppliers | 440/4 | €92,989 | €15,839 | -€77,149 | -83.0% |
| Taxes, remuneration and social security | 45 | €128,018 | €200,594 | +€72,576 | +56.7% |
| Taxes | 450/3 | - | €39,558 | +€39,558 | |
| Remuneration and social security | 454/9 | €128,018 | €161,037 | +€33,019 | +25.8% |
| Other amounts payable | 47/48 | €1,061,380 | €1,065,070 | +€3,690 | +0.3% |
| Accrued charges and deferred income | 492/3 | €134 | - | -€134 | |
| Remuneration, social security and pensions | 62 | €782,670 | €1,083,234 | +€300,564 | +38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,884 | €109,409 | +€31,525 | +40.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,067 | +€1,067 | |
| Other operating charges | 640/8 | €12,102 | €4,285 | -€7,817 | -64.6% |
| Gross operating margin | 9900 | €835,949 | €1,283,717 | +€447,768 | +53.6% |
| Operating profit (loss) | 9901 | -€36,707 | €85,722 | +€122,428 | |
| Financial income | 75/76B | €5,199 | €6,236 | +€1,037 | +20.0% |
| Recurring financial income | 75 | €5,199 | €6,236 | +€1,037 | +20.0% |
| Financial charges | 65/66B | €6,038 | €13,855 | +€7,818 | +129.5% |
| Recurring financial charges | 65 | €6,038 | €13,855 | +€7,818 | +129.5% |
| Profit (loss) for the period before taxes | 9903 | -€37,546 | €78,102 | +€115,648 | |
| Profit (loss) for the period | 9904 | -€37,546 | €78,102 | +€115,648 | |
| Profit (loss) for the period to be appropriated | 9905 | -€37,546 | €78,102 | +€115,648 |
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 1 October 2026 via checked.be.