FINERBEL: 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.
FINERBEL
Largest movements
- Deferred charges and accrued income -€264,945
no longer reported in 2025 (was €264,945)
- Receivables within one year -€10,334
no longer reported in 2025 (was €10,334)
of which Other amounts receivable: -€10,305
- Other debts -€279,556
down €279,556 (-44.3%), from €631,022 to €351,465
- Profit (loss) carried forward +€8,837
up €8,837 (+17.9%), from -€49,240 to -€40,403
- Gross operating margin +€2,764
up €2,764 (+32.7%), from €8,442 to €11,206
- Depreciation -€158
down €158 (-9.8%), from €1,616 to €1,458
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 | €752,583 | €481,854 | -€270,729 | -36.0% |
| Fixed assets | 21/28 | €476,815 | €475,096 | -€1,719 | -0.4% |
| Tangible fixed assets | 22/27 | €476,815 | €475,096 | -€1,719 | -0.4% |
| Land and buildings | 22 | €476,554 | €475,096 | -€1,458 | -0.3% |
| Other tangible fixed assets | 26 | €261 | - | -€261 | |
| Current assets | 29/58 | €275,768 | €6,758 | -€269,010 | -97.5% |
| Amounts receivable after more than one year | 29 | - | €261 | +€261 | |
| Other amounts receivable | 291 | - | €261 | +€261 | |
| Amounts receivable within one year | 40/41 | €10,334 | - | -€10,334 | |
| Trade receivables | 40 | €28 | - | -€28 | |
| Other amounts receivable | 41 | €10,305 | - | -€10,305 | |
| Cash at bank and in hand | 54/58 | €489 | €6,497 | +€6,008 | +1229.1% |
| Deferred charges and accrued income | 490/1 | €264,945 | - | -€264,945 | |
| Total equity and liabilities | 10/49 | €752,583 | €481,854 | -€270,729 | -36.0% |
| Equity | 10/15 | €121,548 | €130,385 | +€8,837 | +7.3% |
| Contributions | 10/11 | €168,550 | €168,550 | = | 0.0% |
| Reserves | 13 | €2,238 | €2,238 | = | 0.0% |
| Distributable reserves | 133 | €2,238 | €2,238 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,240 | -€40,403 | +€8,837 | +17.9% |
| Amounts payable | 17/49 | €631,035 | €351,469 | -€279,566 | -44.3% |
| Amounts payable within one year | 42/48 | €631,035 | €351,469 | -€279,566 | -44.3% |
| Taxes, remuneration and social security | 45 | €13 | €4 | -€9 | -70.9% |
| Taxes | 450/3 | €13 | €4 | -€9 | -70.9% |
| Other amounts payable | 47/48 | €631,022 | €351,465 | -€279,556 | -44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,616 | €1,458 | -€158 | -9.8% |
| Other operating charges | 640/8 | €841 | €842 | +€1 | +0.1% |
| Gross operating margin | 9900 | €8,442 | €11,206 | +€2,764 | +32.7% |
| Operating profit (loss) | 9901 | €5,985 | €8,906 | +€2,921 | +48.8% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.5% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €5,941 | €8,861 | +€2,919 | +49.1% |
| Income taxes | 67/77 | - | €24 | +€24 | |
| Profit (loss) for the period | 9904 | €5,941 | €8,837 | +€2,895 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,941 | €8,837 | +€2,895 | +48.7% |
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 4 October 2026 via checked.be.