FINEAL: 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.
FINEAL
Largest movements
- Current investments -€31,521
down €31,521 (-19.7%), from €160,057 to €128,536
- Cash +€22,274
up €22,274 (+91.1%), from €24,462 to €46,736
mainly Net result for the year (+€149,714) and Other debts (+€61,965)
- Receivables within one year +€3,551
up €3,551 (+5.9%), from €59,757 to €63,308
of which Other amounts receivable: +€2,869
- Other debts +€61,965
up €61,965 (+1,024%), from €6,051 to €68,016
- Profit (loss) carried forward -€48,286
down €48,286 (-24.3%), from €198,376 to €150,090
- Tax, wage and social debts -€17,496
down €17,496 (-79.2%), from €22,100 to €4,604
of which Taxes: -€15,052
- Financial income +€9,708
up €9,708 (+143%), from €6,766 to €16,474
- Gross operating margin +€8,184
up €8,184 (+4.9%), from €165,457 to €173,640
- Taxes +€2,441
up €2,441 (+6.6%), from €37,202 to €39,643
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 | €247,418 | €242,383 | -€5,036 | -2.0% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €247,418 | €242,383 | -€5,036 | -2.0% |
| Amounts receivable within one year | 40/41 | €59,757 | €63,308 | +€3,551 | +5.9% |
| Trade receivables | 40 | €59,757 | €60,440 | +€683 | +1.1% |
| Other amounts receivable | 41 | €0 | €2,869 | +€2,869 | |
| Current investments | 50/53 | €160,057 | €128,536 | -€31,521 | -19.7% |
| Cash at bank and in hand | 54/58 | €24,462 | €46,736 | +€22,274 | +91.1% |
| Deferred charges and accrued income | 490/1 | €3,142 | €3,802 | +€660 | +21.0% |
| Total equity and liabilities | 10/49 | €247,418 | €242,383 | -€5,036 | -2.0% |
| Equity | 10/15 | €216,976 | €168,690 | -€48,286 | -22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €198,376 | €150,090 | -€48,286 | -24.3% |
| Amounts payable | 17/49 | €30,442 | €73,693 | +€43,251 | +142% |
| Amounts payable within one year | 42/48 | €30,442 | €73,693 | +€43,251 | +142% |
| Trade debts | 44 | €2,292 | €1,073 | -€1,218 | -53.2% |
| Suppliers | 440/4 | €2,292 | €1,073 | -€1,218 | -53.2% |
| Taxes, remuneration and social security | 45 | €22,100 | €4,604 | -€17,496 | -79.2% |
| Taxes | 450/3 | €19,656 | €4,604 | -€15,052 | -76.6% |
| Remuneration and social security | 454/9 | €2,444 | €0 | -€2,444 | -100% |
| Other amounts payable | 47/48 | €6,051 | €68,016 | +€61,965 | +1,024% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,179 | €0 | -€1,179 | -100% |
| Other operating charges | 640/8 | €563 | €655 | +€91 | +16.2% |
| Gross operating margin | 9900 | €165,457 | €173,640 | +€8,184 | +4.9% |
| Operating profit (loss) | 9901 | €163,715 | €172,986 | +€9,271 | +5.7% |
| Financial income | 75/76B | €6,766 | €16,474 | +€9,708 | +143% |
| Recurring financial income | 75 | €6,766 | €16,474 | +€9,708 | +143% |
| Financial charges | 65/66B | €56 | €103 | +€48 | +86.0% |
| Recurring financial charges | 65 | €56 | €103 | +€48 | +86.0% |
| Profit (loss) for the period before taxes | 9903 | €170,425 | €189,357 | +€18,931 | +11.1% |
| Income taxes | 67/77 | €37,202 | €39,643 | +€2,441 | +6.6% |
| Profit (loss) for the period | 9904 | €133,224 | €149,714 | +€16,490 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €133,224 | €149,714 | +€16,490 | +12.4% |
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 17 October 2026 via checked.be.