Fineras: 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.
Fineras
Largest movements
- Receivables within one year +€14,509
up €14,509 (+81.1%), from €17,899 to €32,409
of which Other amounts receivable: +€12,844
- Tangible fixed assets +€7,148
up €7,148 (+3.1%), from €233,224 to €240,372
of which Land and buildings: +€9,922
- Receivables after one year -€5,269
down €5,269 (-100.0%), from €5,269 to €0
- Contributions +€12,400
up €12,400 (+200.0%), from €6,200 to €18,600
- Reserves -€10,099
down €10,099 (-23.1%), from €43,730 to €33,630
- Other debts +€5,458
up €5,458 (+487.3%), from €1,120 to €6,578
- Tax, wage and social debts +€4,722
up €4,722 (+96.7%), from €4,882 to €9,604
of which Taxes: +€4,630
- Gross operating margin +€11,862
up €11,862 (+22.4%), from €53,009 to €64,871
- Depreciation -€2,064
down €2,064 (-12.5%), from €16,452 to €14,388
- Taxes +€1,611
up €1,611 (+15.5%), from €10,404 to €12,015
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 | €279,641 | €293,823 | +€14,182 | +5.1% |
| Fixed assets | 21/28 | €233,224 | €240,372 | +€7,148 | +3.1% |
| Tangible fixed assets | 22/27 | €233,224 | €240,372 | +€7,148 | +3.1% |
| Land and buildings | 22 | €229,813 | €239,735 | +€9,922 | +4.3% |
| Plant, machinery and equipment | 23 | €1,011 | €637 | -€374 | -37.0% |
| Furniture and vehicles | 24 | €2,400 | €0 | -€2,400 | -100.0% |
| Current assets | 29/58 | €46,417 | €53,451 | +€7,034 | +15.2% |
| Amounts receivable after more than one year | 29 | €5,269 | €0 | -€5,269 | -100.0% |
| Other amounts receivable | 291 | €5,269 | €0 | -€5,269 | -100.0% |
| Amounts receivable within one year | 40/41 | €17,899 | €32,409 | +€14,509 | +81.1% |
| Trade receivables | 40 | €17,303 | €18,969 | +€1,666 | +9.6% |
| Other amounts receivable | 41 | €596 | €13,440 | +€12,844 | +2154.0% |
| Cash at bank and in hand | 54/58 | €23,029 | €20,797 | -€2,232 | -9.7% |
| Deferred charges and accrued income | 490/1 | €219 | €245 | +€26 | +11.8% |
| Total equity and liabilities | 10/49 | €279,641 | €293,823 | +€14,182 | +5.1% |
| Equity | 10/15 | €49,930 | €52,230 | +€2,301 | +4.6% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Reserves | 13 | €43,730 | €33,630 | -€10,099 | -23.1% |
| Distributable reserves | 133 | €43,730 | €33,630 | -€10,099 | -23.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €229,711 | €241,592 | +€11,881 | +5.2% |
| Amounts payable after more than one year | 17 | €202,474 | €202,291 | -€183 | -0.1% |
| Financial debts | 170/4 | €202,474 | €202,291 | -€183 | -0.1% |
| Amounts payable within one year | 42/48 | €25,957 | €38,234 | +€12,277 | +47.3% |
| Current portion of amounts payable after more than one year | 42 | €19,069 | €21,033 | +€1,964 | +10.3% |
| Trade debts | 44 | €887 | €1,020 | +€133 | +15.0% |
| Suppliers | 440/4 | €887 | €1,020 | +€133 | +15.0% |
| Taxes, remuneration and social security | 45 | €4,882 | €9,604 | +€4,722 | +96.7% |
| Taxes | 450/3 | €4,587 | €9,217 | +€4,630 | +100.9% |
| Remuneration and social security | 454/9 | €295 | €387 | +€92 | +31.1% |
| Other amounts payable | 47/48 | €1,120 | €6,578 | +€5,458 | +487.3% |
| Accrued charges and deferred income | 492/3 | €1,280 | €1,068 | -€212 | -16.6% |
| Remuneration, social security and pensions | 62 | €4,479 | €4,688 | +€210 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,452 | €14,388 | -€2,064 | -12.5% |
| Other operating charges | 640/8 | €2,153 | €2,115 | -€38 | -1.8% |
| Gross operating margin | 9900 | €53,009 | €64,871 | +€11,862 | +22.4% |
| Operating profit (loss) | 9901 | €29,926 | €43,680 | +€13,754 | +46.0% |
| Financial income | 75/76B | €123 | €580 | +€458 | +373.5% |
| Recurring financial income | 75 | €123 | €580 | +€458 | +373.5% |
| Financial charges | 65/66B | €3,266 | €3,493 | +€227 | +7.0% |
| Recurring financial charges | 65 | €3,266 | €3,493 | +€227 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | €26,783 | €40,767 | +€13,985 | +52.2% |
| Income taxes | 67/77 | €10,404 | €12,015 | +€1,611 | +15.5% |
| Profit (loss) for the period | 9904 | €16,379 | €28,752 | +€12,373 | +75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,379 | €28,752 | +€12,373 | +75.5% |
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 11 October 2026 via checked.be.