FINERGIE: 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.
FINERGIE
Largest movements
- Cash +€47,938
up €47,938 (+58.4%), from €82,120 to €130,057
mainly Net result for the year (+€73,165) and Stocks and contracts (+€19,180)
- Stocks and contracts -€19,180
down €19,180 (-100.0%), from €19,180 to €0
- Receivables within one year +€2,871
up €2,871, from €0 to €2,871
of which Trade receivables: +€2,871
- Tangible fixed assets +€1,967
up €1,967 (+172.2%), from €1,142 to €3,110
- Profit (loss) carried forward +€73,165
up €73,165 (+20.4%), from -€359,434 to -€286,269
- Debts after one year -€25,000
down €25,000 (-6.3%), from €400,000 to €375,000
- Other debts -€11,969
down €11,969 (-37.2%), from €32,182 to €20,212
- Tax, wage and social debts -€1,965
down €1,965 (-21.1%), from €9,332 to €7,367
of which Remuneration and social security: -€1,075
- Gross operating margin +€13,542
up €13,542 (+21.9%), from €61,813 to €75,354
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 | €105,943 | €140,237 | +€34,294 | +32.4% |
| Fixed assets | 21/28 | €3,068 | €4,786 | +€1,717 | +56.0% |
| Tangible fixed assets | 22/27 | €1,142 | €3,110 | +€1,967 | +172.2% |
| Furniture and vehicles | 24 | €1,142 | €3,110 | +€1,967 | +172.2% |
| Financial fixed assets | 28 | €1,926 | €1,676 | -€250 | -13.0% |
| Current assets | 29/58 | €102,874 | €135,451 | +€32,577 | +31.7% |
| Stocks and contracts in progress | 3 | €19,180 | €0 | -€19,180 | -100.0% |
| Contracts in progress | 37 | €19,180 | €0 | -€19,180 | -100.0% |
| Amounts receivable within one year | 40/41 | €0 | €2,871 | +€2,871 | |
| Trade receivables | 40 | €0 | €2,871 | +€2,871 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €82,120 | €130,057 | +€47,938 | +58.4% |
| Deferred charges and accrued income | 490/1 | €1,575 | €2,523 | +€949 | +60.2% |
| Total equity and liabilities | 10/49 | €105,943 | €140,237 | +€34,294 | +32.4% |
| Equity | 10/15 | -€338,974 | -€265,809 | +€73,165 | +21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€359,434 | -€286,269 | +€73,165 | +20.4% |
| Amounts payable | 17/49 | €444,917 | €406,046 | -€38,870 | -8.7% |
| Amounts payable after more than one year | 17 | €400,000 | €375,000 | -€25,000 | -6.3% |
| Other amounts payable | 178/9 | €400,000 | €375,000 | -€25,000 | -6.3% |
| Amounts payable within one year | 42/48 | €44,287 | €31,046 | -€13,240 | -29.9% |
| Trade debts | 44 | €2,773 | €3,467 | +€694 | +25.0% |
| Suppliers | 440/4 | €2,773 | €3,467 | +€694 | +25.0% |
| Taxes, remuneration and social security | 45 | €9,332 | €7,367 | -€1,965 | -21.1% |
| Taxes | 450/3 | €8,258 | €7,367 | -€890 | -10.8% |
| Remuneration and social security | 454/9 | €1,075 | €0 | -€1,075 | -100.0% |
| Other amounts payable | 47/48 | €32,182 | €20,212 | -€11,969 | -37.2% |
| Accrued charges and deferred income | 492/3 | €630 | €0 | -€630 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €767 | €879 | +€112 | +14.6% |
| Other operating charges | 640/8 | €1,278 | €976 | -€302 | -23.7% |
| Gross operating margin | 9900 | €61,813 | €75,354 | +€13,542 | +21.9% |
| Operating profit (loss) | 9901 | €59,767 | €73,499 | +€13,732 | +23.0% |
| Financial income | 75/76B | €0 | €297 | +€297 | |
| Recurring financial income | 75 | €0 | €297 | +€297 | |
| Financial charges | 65/66B | €442 | €454 | +€13 | +2.9% |
| Recurring financial charges | 65 | €442 | €454 | +€13 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €59,326 | €73,342 | +€14,017 | +23.6% |
| Income taxes | 67/77 | €540 | €178 | -€362 | -67.1% |
| Profit (loss) for the period | 9904 | €58,786 | €73,165 | +€14,379 | +24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €58,786 | €73,165 | +€14,379 | +24.5% |
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 6 October 2026 via checked.be.