FINE HOMES: 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.
FINE HOMES
Largest movements
- Receivables within one year -€88,470
down €88,470 (-74.8%), from €118,273 to €29,802
of which Trade receivables: -€107,263
- Tangible fixed assets -€40,415
down €40,415 (-9.2%), from €440,063 to €399,648
of which Land and buildings: -€36,367
- Cash +€15,894
up €15,894 (+13.4%), from €118,293 to €134,187
mainly Receivables within one year (+€88,470) and Depreciation (+€45,784)
- Trade debts -€70,342
down €70,342 (-82.8%), from €84,966 to €14,624
- Debts after one year -€21,751
down €21,751 (-8.2%), from €265,954 to €244,203
- Profit (loss) carried forward -€16,781
down €16,781, from €0 to -€16,781
- Other debts -€10,070
down €10,070 (-62.2%), from €16,196 to €6,126
- Gross operating margin -€77,391
down €77,391 (-36.5%), from €211,868 to €134,477
- Staff costs -€23,246
down €23,246 (-21.5%), from €108,115 to €84,869
- Taxes -€12,373
down €12,373 (-84.5%), from €14,640 to €2,267
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 | €694,496 | €581,391 | -€113,105 | -16.3% |
| Fixed assets | 21/28 | €453,917 | €412,278 | -€41,639 | -9.2% |
| Intangible fixed assets | 21 | €11,079 | €9,855 | -€1,224 | -11.0% |
| Tangible fixed assets | 22/27 | €440,063 | €399,648 | -€40,415 | -9.2% |
| Land and buildings | 22 | €426,159 | €389,793 | -€36,367 | -8.5% |
| Plant, machinery and equipment | 23 | €5,412 | €4,043 | -€1,369 | -25.3% |
| Furniture and vehicles | 24 | €8,492 | €5,812 | -€2,679 | -31.6% |
| Financial fixed assets | 28 | €2,775 | €2,775 | = | 0.0% |
| Current assets | 29/58 | €240,580 | €169,113 | -€71,467 | -29.7% |
| Amounts receivable within one year | 40/41 | €118,273 | €29,802 | -€88,470 | -74.8% |
| Trade receivables | 40 | €108,537 | €1,274 | -€107,263 | -98.8% |
| Other amounts receivable | 41 | €9,735 | €28,528 | +€18,793 | +193% |
| Cash at bank and in hand | 54/58 | €118,293 | €134,187 | +€15,894 | +13.4% |
| Deferred charges and accrued income | 490/1 | €4,015 | €5,124 | +€1,110 | +27.6% |
| Total equity and liabilities | 10/49 | €694,496 | €581,391 | -€113,105 | -16.3% |
| Equity | 10/15 | €272,762 | €255,981 | -€16,781 | -6.2% |
| Reserves | 13 | €272,762 | €272,762 | = | 0.0% |
| Distributable reserves | 133 | €272,762 | €272,762 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€16,781 | -€16,781 | |
| Amounts payable | 17/49 | €421,734 | €325,410 | -€96,324 | -22.8% |
| Amounts payable after more than one year | 17 | €265,954 | €244,203 | -€21,751 | -8.2% |
| Financial debts | 170/4 | €265,954 | €244,203 | -€21,751 | -8.2% |
| Amounts payable within one year | 42/48 | €155,780 | €79,276 | -€76,503 | -49.1% |
| Current portion of amounts payable after more than one year | 42 | €25,079 | €25,540 | +€461 | +1.8% |
| Trade debts | 44 | €84,966 | €14,624 | -€70,342 | -82.8% |
| Suppliers | 440/4 | €84,966 | €14,624 | -€70,342 | -82.8% |
| Taxes, remuneration and social security | 45 | €29,539 | €32,986 | +€3,447 | +11.7% |
| Taxes | 450/3 | €24,774 | €25,332 | +€558 | +2.3% |
| Remuneration and social security | 454/9 | €4,765 | €7,654 | +€2,889 | +60.6% |
| Other amounts payable | 47/48 | €16,196 | €6,126 | -€10,070 | -62.2% |
| Accrued charges and deferred income | 492/3 | - | €1,930 | +€1,930 | |
| Remuneration, social security and pensions | 62 | €108,115 | €84,869 | -€23,246 | -21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,535 | €45,784 | +€249 | +0.5% |
| Other operating charges | 640/8 | €3,810 | €4,718 | +€908 | +23.8% |
| Gross operating margin | 9900 | €211,868 | €134,477 | -€77,391 | -36.5% |
| Operating profit (loss) | 9901 | €54,408 | -€895 | -€55,302 | |
| Financial income | 75/76B | €207 | €24 | -€183 | -88.4% |
| Recurring financial income | 75 | €207 | €24 | -€183 | -88.4% |
| Financial charges | 65/66B | €15,353 | €13,643 | -€1,710 | -11.1% |
| Recurring financial charges | 65 | €15,353 | €13,643 | -€1,710 | -11.1% |
| Profit (loss) for the period before taxes | 9903 | €39,261 | -€14,514 | -€53,775 | |
| Income taxes | 67/77 | €14,640 | €2,267 | -€12,373 | -84.5% |
| Profit (loss) for the period | 9904 | €24,621 | -€16,781 | -€41,402 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,621 | -€16,781 | -€41,402 |
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.