FINERO: 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.
FINERO
Largest movements
- Tangible fixed assets +€71,791
up €71,791 (+9.0%), from €800,124 to €871,915
of which Land and buildings: +€72,008
- Receivables within one year -€28,860
down €28,860 (-8.4%), from €343,880 to €315,020
of which Other amounts receivable: -€20,854
- Tax, wage and social debts +€13,899
up €13,899 (+430%), from €3,235 to €17,134
- Profit (loss) carried forward +€13,293
up €13,293 (+24.0%), from €55,385 to €68,678
- Gross operating margin +€23,290
up €23,290 (+99.2%), from €23,469 to €46,758
- Depreciation +€3,113
up €3,113 (+9.2%), from €33,921 to €37,033
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 | €1,199,174 | €1,230,239 | +€31,065 | +2.6% |
| Fixed assets | 21/28 | €800,124 | €871,915 | +€71,791 | +9.0% |
| Tangible fixed assets | 22/27 | €800,124 | €871,915 | +€71,791 | +9.0% |
| Land and buildings | 22 | €798,672 | €870,680 | +€72,008 | +9.0% |
| Plant, machinery and equipment | 23 | €1,452 | €1,235 | -€217 | -15.0% |
| Current assets | 29/58 | €399,050 | €358,324 | -€40,725 | -10.2% |
| Amounts receivable within one year | 40/41 | €343,880 | €315,020 | -€28,860 | -8.4% |
| Trade receivables | 40 | €18,767 | €10,761 | -€8,005 | -42.7% |
| Other amounts receivable | 41 | €325,113 | €304,259 | -€20,854 | -6.4% |
| Cash at bank and in hand | 54/58 | €51,649 | €40,570 | -€11,079 | -21.5% |
| Deferred charges and accrued income | 490/1 | €3,521 | €2,734 | -€787 | -22.3% |
| Total equity and liabilities | 10/49 | €1,199,174 | €1,230,239 | +€31,065 | +2.6% |
| Equity | 10/15 | €1,186,135 | €1,199,428 | +€13,293 | +1.1% |
| Contributions | 10/11 | €1,125,000 | €1,125,000 | = | 0.0% |
| Capital | 10 | €1,125,000 | €1,125,000 | = | 0.0% |
| Issued capital | 100 | €1,125,000 | €1,125,000 | = | 0.0% |
| Reserves | 13 | €5,750 | €5,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,750 | €5,750 | = | 0.0% |
| Legal reserve | 130 | €5,750 | €5,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,385 | €68,678 | +€13,293 | +24.0% |
| Amounts payable | 17/49 | €13,039 | €30,811 | +€17,772 | +136% |
| Amounts payable within one year | 42/48 | €12,990 | €30,811 | +€17,820 | +137% |
| Trade debts | 44 | €9,755 | €12,977 | +€3,222 | +33.0% |
| Suppliers | 440/4 | €9,755 | €12,977 | +€3,222 | +33.0% |
| Taxes, remuneration and social security | 45 | €3,235 | €17,134 | +€13,899 | +430% |
| Taxes | 450/3 | €3,235 | €17,134 | +€13,899 | +430% |
| Other amounts payable | 47/48 | - | €700 | +€700 | |
| Accrued charges and deferred income | 492/3 | €48 | - | -€48 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,921 | €37,033 | +€3,113 | +9.2% |
| Other operating charges | 640/8 | €1,451 | €1,214 | -€237 | -16.3% |
| Gross operating margin | 9900 | €23,469 | €46,758 | +€23,290 | +99.2% |
| Operating profit (loss) | 9901 | -€11,903 | €8,511 | +€20,414 | |
| Financial income | 75/76B | €4,794 | €4,823 | +€29 | +0.6% |
| Recurring financial income | 75 | €4,794 | €4,823 | +€29 | +0.6% |
| Financial charges | 65/66B | €54 | €40 | -€14 | -25.2% |
| Recurring financial charges | 65 | €54 | €40 | -€14 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,163 | €13,293 | +€20,456 | |
| Profit (loss) for the period | 9904 | -€7,163 | €13,293 | +€20,456 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,163 | €13,293 | +€20,456 |
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 13 October 2026 via checked.be.