Fine CLassics: 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 CLassics
Largest movements
- Receivables within one year +€137,059
up €137,059 (+9.0%), from €1.5m to €1.7m
of which Trade receivables: +€120,520
- Cash -€132,475
down €132,475 (-74.3%), from €178,288 to €45,813
mainly Other debts (-€390,000) and Receivables within one year (-€137,059)
- Other debts -€390,000
down €390,000 (-14.4%), from €2.7m to €2.3m
- Trade debts +€209,586
up €209,586 (+23.2%), from €904,060 to €1.1m
- Advances received +€190,000
up €190,000 (+45.2%), from €420,000 to €610,000
- Gross operating margin +€45,458
up €45,458 (+147.5%), from €30,813 to €76,271
- Financial charges -€29,331
down €29,331 (-28.1%), from €104,343 to €75,011
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 | €6,131,244 | €6,129,774 | -€1,470 | 0.0% |
| Fixed assets | 21/28 | €40,242 | €38,327 | -€1,915 | -4.8% |
| Tangible fixed assets | 22/27 | €40,242 | €38,327 | -€1,915 | -4.8% |
| Plant, machinery and equipment | 23 | €4,007 | €2,927 | -€1,079 | -26.9% |
| Furniture and vehicles | 24 | €2,231 | €1,395 | -€836 | -37.5% |
| Other tangible fixed assets | 26 | €34,005 | €34,005 | = | 0.0% |
| Current assets | 29/58 | €6,091,002 | €6,091,447 | +€445 | 0.0% |
| Stocks and contracts in progress | 3 | €4,380,180 | €4,371,597 | -€8,583 | -0.2% |
| Stocks | 30/36 | €4,380,180 | €4,371,597 | -€8,583 | -0.2% |
| Amounts receivable within one year | 40/41 | €1,518,633 | €1,655,692 | +€137,059 | +9.0% |
| Trade receivables | 40 | €1,518,633 | €1,639,153 | +€120,520 | +7.9% |
| Other amounts receivable | 41 | - | €16,539 | +€16,539 | |
| Cash at bank and in hand | 54/58 | €178,288 | €45,813 | -€132,475 | -74.3% |
| Deferred charges and accrued income | 490/1 | €13,901 | €18,345 | +€4,444 | +32.0% |
| Total equity and liabilities | 10/49 | €6,131,244 | €6,129,774 | -€1,470 | 0.0% |
| Equity | 10/15 | €86,413 | €80,184 | -€6,229 | -7.2% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€243,587 | -€249,816 | -€6,229 | -2.6% |
| Amounts payable | 17/49 | €6,044,831 | €6,049,590 | +€4,759 | +0.1% |
| Amounts payable within one year | 42/48 | €6,044,831 | €6,049,590 | +€4,759 | +0.1% |
| Financial debts | 43 | €2,000,000 | €2,000,000 | = | 0.0% |
| Credit institutions | 430/8 | €2,000,000 | €2,000,000 | = | 0.0% |
| Trade debts | 44 | €904,060 | €1,113,646 | +€209,586 | +23.2% |
| Suppliers | 440/4 | €904,060 | €1,113,646 | +€209,586 | +23.2% |
| Advances received on contracts in progress | 46 | €420,000 | €610,000 | +€190,000 | +45.2% |
| Taxes, remuneration and social security | 45 | €4,826 | - | -€4,826 | |
| Taxes | 450/3 | €4,826 | - | -€4,826 | |
| Other amounts payable | 47/48 | €2,715,944 | €2,325,944 | -€390,000 | -14.4% |
| Non-recurring operating income | 76A | €500,000 | €390,000 | -€110,000 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,529 | €1,915 | -€613 | -24.3% |
| Other operating charges | 640/8 | €6,177 | €5,615 | -€562 | -9.1% |
| Gross operating margin | 9900 | €30,813 | €76,271 | +€45,458 | +147.5% |
| Operating profit (loss) | 9901 | €22,107 | €68,740 | +€46,633 | +210.9% |
| Financial income | 75/76B | - | €42 | +€42 | |
| Recurring financial income | 75 | - | €42 | +€42 | |
| Financial charges | 65/66B | €104,343 | €75,011 | -€29,331 | -28.1% |
| Recurring financial charges | 65 | €104,343 | €75,011 | -€29,331 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | -€82,236 | -€6,229 | +€76,006 | +92.4% |
| Profit (loss) for the period | 9904 | -€82,236 | -€6,229 | +€76,006 | +92.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€82,236 | -€6,229 | +€76,006 | +92.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.