FINED: 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.
FINED
Largest movements
- Cash +€56,815
up €56,815 (+53.0%), from €107,251 to €164,066
mainly Net result for the year (+€51,433) and Other debts (+€50,762)
- Receivables within one year -€14,211
down €14,211 (-46.1%), from €30,824 to €16,613
of which Other amounts receivable: -€17,497
- Contributions -€70,000
down €70,000 (-77.8%), from €90,000 to €20,000
- Reserves +€51,433
up €51,433 (+104.7%), from €49,129 to €100,562
- Other debts +€50,762
up €50,762, from €0 to €50,762
- Tax, wage and social debts +€5,739
up €5,739 (+186.7%), from €3,074 to €8,812
- Accrued charges and deferred income +€2,746
up €2,746 (+549.2%), from €500 to €3,246
- Gross operating margin -€4,209
down €4,209 (-5.0%), from €84,665 to €80,456
- Taxes +€3,410
up €3,410 (+15.8%), from €21,635 to €25,045
- Financial charges +€2,754
up €2,754 (+1942.1%), from €142 to €2,896
- Financial income -€2,031
down €2,031 (-84.0%), from €2,417 to €387
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 | €143,103 | €184,551 | +€41,448 | +29.0% |
| Fixed assets | 21/28 | €3,704 | €3,194 | -€509 | -13.8% |
| Tangible fixed assets | 22/27 | €3,614 | €3,104 | -€509 | -14.1% |
| Land and buildings | 22 | €3,163 | €2,776 | -€387 | -12.2% |
| Furniture and vehicles | 24 | €451 | €328 | -€122 | -27.2% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €139,399 | €181,357 | +€41,957 | +30.1% |
| Amounts receivable within one year | 40/41 | €30,824 | €16,613 | -€14,211 | -46.1% |
| Trade receivables | 40 | €13,328 | €16,613 | +€3,285 | +24.7% |
| Other amounts receivable | 41 | €17,497 | €0 | -€17,497 | -100.0% |
| Cash at bank and in hand | 54/58 | €107,251 | €164,066 | +€56,815 | +53.0% |
| Deferred charges and accrued income | 490/1 | €1,324 | €677 | -€646 | -48.8% |
| Total equity and liabilities | 10/49 | €143,103 | €184,551 | +€41,448 | +29.0% |
| Equity | 10/15 | €139,129 | €120,562 | -€18,567 | -13.3% |
| Contributions | 10/11 | €90,000 | €20,000 | -€70,000 | -77.8% |
| Reserves | 13 | €49,129 | €100,562 | +€51,433 | +104.7% |
| Distributable reserves | 133 | €49,129 | €100,562 | +€51,433 | +104.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €3,974 | €63,989 | +€60,015 | +1510.2% |
| Amounts payable within one year | 42/48 | €3,474 | €60,743 | +€57,269 | +1648.6% |
| Trade debts | 44 | €400 | €1,169 | +€768 | +192.0% |
| Suppliers | 440/4 | €400 | €1,169 | +€768 | +192.0% |
| Taxes, remuneration and social security | 45 | €3,074 | €8,812 | +€5,739 | +186.7% |
| Taxes | 450/3 | €3,074 | €8,812 | +€5,739 | +186.7% |
| Other amounts payable | 47/48 | €0 | €50,762 | +€50,762 | |
| Accrued charges and deferred income | 492/3 | €500 | €3,246 | +€2,746 | +549.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €509 | €509 | = | 0.0% |
| Other operating charges | 640/8 | €939 | €960 | +€21 | +2.2% |
| Gross operating margin | 9900 | €84,665 | €80,456 | -€4,209 | -5.0% |
| Operating profit (loss) | 9901 | €83,216 | €78,987 | -€4,230 | -5.1% |
| Financial income | 75/76B | €2,417 | €387 | -€2,031 | -84.0% |
| Recurring financial income | 75 | €2,417 | €387 | -€2,031 | -84.0% |
| Financial charges | 65/66B | €142 | €2,896 | +€2,754 | +1942.1% |
| Recurring financial charges | 65 | €142 | €2,896 | +€2,754 | +1942.1% |
| Profit (loss) for the period before taxes | 9903 | €85,492 | €76,478 | -€9,014 | -10.5% |
| Income taxes | 67/77 | €21,635 | €25,045 | +€3,410 | +15.8% |
| Profit (loss) for the period | 9904 | €63,857 | €51,433 | -€12,424 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,857 | €51,433 | -€12,424 | -19.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.