FINEDIT: 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.
FINEDIT
Largest movements
- Cash -€331,183
down €331,183 (-70.9%), from €466,898 to €135,715
mainly Current investments (-€150,000) and Investment in fixed assets (net) (-€106,970)
- Current investments +€150,000
up €150,000 (+171.6%), from €87,430 to €237,430
- Receivables within one year +€106,014
up €106,014 (+20.0%), from €530,430 to €636,443
of which Other amounts receivable: +€136,289
- Financial fixed assets +€92,548
up €92,548 (+7.4%), from €1.3m to €1.4m
- Other debts +€66,110
up €66,110 (+10.0%), from €659,040 to €725,150
- Gross operating margin -€549,018
down €549,018 (-90.2%), from €609,003 to €59,985
- Taxes -€167,793
down €167,793 (-94.4%), from €177,724 to €9,931
- Depreciation -€17,626
down €17,626 (-45.2%), from €39,002 to €21,376
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 | €2,568,315 | €2,578,739 | +€10,424 | +0.4% |
| Fixed assets | 21/28 | €1,483,557 | €1,569,150 | +€85,593 | +5.8% |
| Tangible fixed assets | 22/27 | €226,076 | €219,121 | -€6,955 | -3.1% |
| Land and buildings | 22 | €214,080 | €204,367 | -€9,713 | -4.5% |
| Plant, machinery and equipment | 23 | €11,996 | €13,580 | +€1,584 | +13.2% |
| Furniture and vehicles | 24 | €0 | €1,173 | +€1,173 | |
| Financial fixed assets | 28 | €1,257,481 | €1,350,029 | +€92,548 | +7.4% |
| Current assets | 29/58 | €1,084,758 | €1,009,589 | -€75,169 | -6.9% |
| Amounts receivable within one year | 40/41 | €530,430 | €636,443 | +€106,014 | +20.0% |
| Trade receivables | 40 | €33,275 | €3,000 | -€30,275 | -91.0% |
| Other amounts receivable | 41 | €497,155 | €633,443 | +€136,289 | +27.4% |
| Current investments | 50/53 | €87,430 | €237,430 | +€150,000 | +171.6% |
| Cash at bank and in hand | 54/58 | €466,898 | €135,715 | -€331,183 | -70.9% |
| Total equity and liabilities | 10/49 | €2,568,315 | €2,578,739 | +€10,424 | +0.4% |
| Equity | 10/15 | €1,786,762 | €1,785,025 | -€1,737 | -0.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €410,689 | €409,551 | -€1,138 | -0.3% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,763 | €21,624 | -€1,138 | -5.0% |
| Distributable reserves | 133 | €384,828 | €384,828 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,314,573 | €1,313,974 | -€599 | 0.0% |
| Provisions and deferred taxes | 16 | €11,721 | €11,135 | -€586 | -5.0% |
| Deferred taxes | 168 | €11,721 | €11,135 | -€586 | -5.0% |
| Amounts payable | 17/49 | €769,832 | €782,579 | +€12,747 | +1.7% |
| Amounts payable after more than one year | 17 | €33,765 | €12,686 | -€21,079 | -62.4% |
| Financial debts | 170/4 | €33,765 | €12,686 | -€21,079 | -62.4% |
| Amounts payable within one year | 42/48 | €736,067 | €769,893 | +€33,826 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €20,263 | €21,079 | +€816 | +4.0% |
| Trade debts | 44 | €34,495 | €10,688 | -€23,807 | -69.0% |
| Suppliers | 440/4 | €34,495 | €10,688 | -€23,807 | -69.0% |
| Taxes, remuneration and social security | 45 | €22,270 | €12,977 | -€9,293 | -41.7% |
| Taxes | 450/3 | €22,270 | €12,977 | -€9,293 | -41.7% |
| Other amounts payable | 47/48 | €659,040 | €725,150 | +€66,110 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,002 | €21,376 | -€17,626 | -45.2% |
| Other operating charges | 640/8 | €4,885 | €6,116 | +€1,231 | +25.2% |
| Gross operating margin | 9900 | €609,003 | €59,985 | -€549,018 | -90.2% |
| Operating profit (loss) | 9901 | €565,116 | €32,493 | -€532,623 | -94.3% |
| Financial income | 75/76B | €24,022 | €25,910 | +€1,888 | +7.9% |
| Recurring financial income | 75 | €24,022 | €25,910 | +€1,888 | +7.9% |
| Financial charges | 65/66B | €49,222 | €50,795 | +€1,574 | +3.2% |
| Recurring financial charges | 65 | €49,222 | €50,795 | +€1,574 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €539,916 | €7,607 | -€532,309 | -98.6% |
| Transfer from deferred taxes | 780 | €586 | €586 | = | 0.0% |
| Income taxes | 67/77 | €177,724 | €9,931 | -€167,793 | -94.4% |
| Profit (loss) for the period | 9904 | €362,778 | -€1,737 | -€364,516 | |
| Transfer from tax-exempt reserves | 789 | €1,138 | €1,138 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €363,917 | -€599 | -€364,516 |
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 5 October 2026 via checked.be.