Finelac: 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.
Finelac
Largest movements
- Cash +€436,366
up €436,366 (+301%), from €145,057 to €581,423
mainly Net result for the year (+€548,134) and Investment in fixed assets (net) (+€69,602)
- Current investments +€167,658
up €167,658 (+8.8%), from €1.9m to €2.1m
- Tangible fixed assets -€131,227
down €131,227 (-3.0%), from €4.4m to €4.3m
of which Land and buildings: -€124,012
- Receivables within one year +€73,181
up €73,181 (+33.3%), from €219,843 to €293,024
of which Other amounts receivable: +€54,213
- Reserves +€533,134
up €533,134 (+15.7%), from €3.4m to €3.9m
of which Distributable reserves: +€533,134
- Gross operating margin +€382,306
up €382,306 (+353%), from €108,212 to €490,518
- Financial income +€184,013
up €184,013 (+322%), from €57,155 to €241,168
- Taxes +€94,633
up €94,633, from €0 to €94,633
- Depreciation -€14,944
down €14,944 (-19.5%), from €76,569 to €61,625
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 | €6,740,609 | €7,266,346 | +€525,736 | +7.8% |
| Fixed assets | 21/28 | €4,434,227 | €4,303,000 | -€131,227 | -3.0% |
| Tangible fixed assets | 22/27 | €4,434,227 | €4,303,000 | -€131,227 | -3.0% |
| Land and buildings | 22 | €4,388,261 | €4,264,249 | -€124,012 | -2.8% |
| Plant, machinery and equipment | 23 | €9,919 | €12,211 | +€2,292 | +23.1% |
| Furniture and vehicles | 24 | €36,046 | €26,540 | -€9,506 | -26.4% |
| Current assets | 29/58 | €2,306,383 | €2,963,346 | +€656,963 | +28.5% |
| Amounts receivable within one year | 40/41 | €219,843 | €293,024 | +€73,181 | +33.3% |
| Trade receivables | 40 | €42,058 | €61,026 | +€18,968 | +45.1% |
| Other amounts receivable | 41 | €177,785 | €231,998 | +€54,213 | +30.5% |
| Current investments | 50/53 | €1,910,251 | €2,077,909 | +€167,658 | +8.8% |
| Cash at bank and in hand | 54/58 | €145,057 | €581,423 | +€436,366 | +301% |
| Deferred charges and accrued income | 490/1 | €31,232 | €10,991 | -€20,241 | -64.8% |
| Total equity and liabilities | 10/49 | €6,740,609 | €7,266,346 | +€525,736 | +7.8% |
| Equity | 10/15 | €6,660,004 | €7,193,138 | +€533,134 | +8.0% |
| Contributions | 10/11 | €3,264,212 | €3,264,212 | = | 0.0% |
| Capital | 10 | €3,264,212 | €3,264,212 | = | 0.0% |
| Issued capital | 100 | €3,264,212 | €3,264,212 | = | 0.0% |
| Reserves | 13 | €3,395,792 | €3,928,926 | +€533,134 | +15.7% |
| Non-distributable reserves | 130/1 | €399,185 | €399,185 | = | 0.0% |
| Legal reserve | 130 | €399,185 | €399,185 | = | 0.0% |
| Tax-exempt reserves | 132 | €170,827 | €170,827 | = | 0.0% |
| Distributable reserves | 133 | €2,825,780 | €3,358,914 | +€533,134 | +18.9% |
| Amounts payable | 17/49 | €80,606 | €73,208 | -€7,398 | -9.2% |
| Amounts payable within one year | 42/48 | €80,606 | €73,208 | -€7,398 | -9.2% |
| Trade debts | 44 | €77,235 | €55,689 | -€21,547 | -27.9% |
| Suppliers | 440/4 | €77,235 | €55,689 | -€21,547 | -27.9% |
| Taxes, remuneration and social security | 45 | €3,370 | €2,519 | -€851 | -25.3% |
| Taxes | 450/3 | €3,370 | €2,519 | -€851 | -25.3% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Non-recurring operating income | 76A | €6,500 | €377,702 | +€371,202 | +5,711% |
| Remuneration, social security and pensions | 62 | €3,498 | - | -€3,498 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,569 | €61,625 | -€14,944 | -19.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €25,335 | €25,617 | +€282 | +1.1% |
| Gross operating margin | 9900 | €108,212 | €490,518 | +€382,306 | +353% |
| Operating profit (loss) | 9901 | €2,809 | €403,276 | +€400,467 | +14,257% |
| Financial income | 75/76B | €57,155 | €241,168 | +€184,013 | +322% |
| Recurring financial income | 75 | €57,155 | €241,168 | +€184,013 | +322% |
| Financial charges | 65/66B | €1,558 | €1,677 | +€120 | +7.7% |
| Recurring financial charges | 65 | €1,558 | €1,677 | +€120 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €58,407 | €642,767 | +€584,360 | +1,001% |
| Income taxes | 67/77 | €0 | €94,633 | +€94,633 | |
| Profit (loss) for the period | 9904 | €58,407 | €548,134 | +€489,728 | +838% |
| Transfer from tax-exempt reserves | 789 | €84,200 | - | -€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €142,607 | €548,134 | +€405,528 | +284% |
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.