Fineka: 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.
Fineka
Largest movements
- Tangible fixed assets +€659,705
up €659,705 (+10599.5%), from €6,224 to €665,929
of which Land and buildings: +€639,276
- Receivables within one year +€658,901
up €658,901 (+912.1%), from €72,242 to €731,143
of which Other amounts receivable: +€658,471
- Intangible fixed assets +€321,210
up €321,210 (+254.1%), from €126,402 to €447,612
- Cash -€195,163
down €195,163 (-43.1%), from €452,664 to €257,501
mainly Investment in fixed assets (net) (-€1.1m) and Receivables within one year (-€658,901)
- Current investments -€104,147
no longer reported in 2025 (was €104,147)
- Reserves +€574,746
up €574,746 (+457.0%), from €125,763 to €700,509
of which Distributable reserves: +€572,905
- Debts after one year +€463,758
new in 2025: €463,758
- Other debts +€119,486
up €119,486 (+20.9%), from €571,487 to €690,973
- Current portion of long-term debt +€97,668
new in 2025: €97,668
- Trade debts +€39,369
up €39,369 (+174.0%), from €22,629 to €61,998
- Gross operating margin +€450,802
up €450,802 (+97.1%), from €464,343 to €915,145
- Depreciation +€122,864
up €122,864 (+250.5%), from €49,047 to €171,911
- Staff costs +€48,337
up €48,337 (+19.3%), from €250,413 to €298,749
- Taxes -€41,025
down €41,025 (-91.3%), from €44,955 to €3,930
- Financial income +€29,935
up €29,935 (+432.5%), from €6,921 to €36,856
of which Financial income: +€32,355
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 | €771,721 | €2,109,193 | +€1.3m | +173.3% |
| Fixed assets | 21/28 | €137,626 | €1,113,541 | +€975,915 | +709.1% |
| Intangible fixed assets | 21 | €126,402 | €447,612 | +€321,210 | +254.1% |
| Tangible fixed assets | 22/27 | €6,224 | €665,929 | +€659,705 | +10599.5% |
| Land and buildings | 22 | - | €639,276 | +€639,276 | |
| Furniture and vehicles | 24 | €451 | €26,653 | +€26,202 | +5806.3% |
| Other tangible fixed assets | 26 | €5,773 | - | -€5,773 | |
| Financial fixed assets | 28 | €5,000 | - | -€5,000 | |
| Current assets | 29/58 | €634,095 | €995,652 | +€361,557 | +57.0% |
| Amounts receivable within one year | 40/41 | €72,242 | €731,143 | +€658,901 | +912.1% |
| Trade receivables | 40 | €6,866 | €7,296 | +€430 | +6.3% |
| Other amounts receivable | 41 | €65,376 | €723,847 | +€658,471 | +1007.2% |
| Current investments | 50/53 | €104,147 | - | -€104,147 | |
| Cash at bank and in hand | 54/58 | €452,664 | €257,501 | -€195,163 | -43.1% |
| Deferred charges and accrued income | 490/1 | €5,042 | €7,008 | +€1,966 | +39.0% |
| Total equity and liabilities | 10/49 | €771,721 | €2,109,193 | +€1.3m | +173.3% |
| Equity | 10/15 | €133,368 | €714,251 | +€580,883 | +435.5% |
| Contributions | 10/11 | €7,605 | €13,742 | +€6,137 | +80.7% |
| Reserves | 13 | €125,763 | €700,509 | +€574,746 | +457.0% |
| Non-distributable reserves | 130/1 | - | €1,841 | +€1,841 | |
| Reserves not available under the articles | 1311 | - | €1,841 | +€1,841 | |
| Distributable reserves | 133 | €125,763 | €698,668 | +€572,905 | +455.5% |
| Amounts payable | 17/49 | €638,353 | €1,394,942 | +€756,589 | +118.5% |
| Amounts payable after more than one year | 17 | - | €463,758 | +€463,758 | |
| Financial debts | 170/4 | - | €463,758 | +€463,758 | |
| Amounts payable within one year | 42/48 | €638,268 | €931,100 | +€292,831 | +45.9% |
| Current portion of amounts payable after more than one year | 42 | - | €97,668 | +€97,668 | |
| Financial debts | 43 | €27 | - | -€27 | |
| Credit institutions | 430/8 | €27 | - | -€27 | |
| Trade debts | 44 | €22,629 | €61,998 | +€39,369 | +174.0% |
| Suppliers | 440/4 | €22,629 | €61,998 | +€39,369 | +174.0% |
| Taxes, remuneration and social security | 45 | €44,126 | €80,460 | +€36,334 | +82.3% |
| Taxes | 450/3 | €8,879 | €16,564 | +€7,684 | +86.5% |
| Remuneration and social security | 454/9 | €35,246 | €63,897 | +€28,650 | +81.3% |
| Other amounts payable | 47/48 | €571,487 | €690,973 | +€119,486 | +20.9% |
| Accrued charges and deferred income | 492/3 | €85 | €85 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €250,413 | €298,749 | +€48,337 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,047 | €171,911 | +€122,864 | +250.5% |
| Other operating charges | 640/8 | €1,032 | €8,812 | +€7,780 | +753.8% |
| Non-recurring operating charges | 66A | - | €4 | +€4 | |
| Gross operating margin | 9900 | €464,343 | €915,145 | +€450,802 | +97.1% |
| Operating profit (loss) | 9901 | €163,852 | €435,669 | +€271,817 | +165.9% |
| Financial income | 75/76B | €6,921 | €36,856 | +€29,935 | +432.5% |
| Recurring financial income | 75 | €4,501 | €36,856 | +€32,355 | +718.8% |
| Non-recurring financial income | 76B | €2,420 | - | -€2,420 | |
| Financial charges | 65/66B | €204 | €10,494 | +€10,291 | +5052.3% |
| Recurring financial charges | 65 | €204 | €10,494 | +€10,291 | +5052.3% |
| Profit (loss) for the period before taxes | 9903 | €170,570 | €462,031 | +€291,461 | +170.9% |
| Income taxes | 67/77 | €44,955 | €3,930 | -€41,025 | -91.3% |
| Profit (loss) for the period | 9904 | €125,614 | €458,101 | +€332,486 | +264.7% |
| Profit (loss) for the period to be appropriated | 9905 | €125,614 | €458,101 | +€332,486 | +264.7% |
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 5 October 2026 via checked.be.