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
- Current investments -€141,000
down €141,000 (-94.0%), from €150,000 to €9,000
- Cash +€139,246
up €139,246 (+110%), from €127,142 to €266,388
mainly Current investments (+€141,000) and Depreciation (+€36,120)
- Tangible fixed assets -€30,218
down €30,218 (-12.6%), from €240,206 to €209,988
of which Land and buildings: -€25,078
- Reserves -€26,570
down €26,570 (-5.6%), from €477,463 to €450,893
of which Distributable reserves: -€26,570
- Debts after one year -€5,609
down €5,609 (-100%), from €5,609 to €0
- Gross operating margin -€121,880
down €121,880 (-89.2%), from €136,709 to €14,829
- Financial income +€1,681
up €1,681 (+168,094%), from €1 to €1,682
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 | €520,080 | €485,912 | -€34,168 | -6.6% |
| Fixed assets | 21/28 | €240,206 | €209,988 | -€30,218 | -12.6% |
| Tangible fixed assets | 22/27 | €240,206 | €209,988 | -€30,218 | -12.6% |
| Land and buildings | 22 | €222,789 | €197,711 | -€25,078 | -11.3% |
| Furniture and vehicles | 24 | €17,417 | €12,277 | -€5,140 | -29.5% |
| Current assets | 29/58 | €279,873 | €275,924 | -€3,950 | -1.4% |
| Amounts receivable within one year | 40/41 | €2,674 | €373 | -€2,302 | -86.1% |
| Trade receivables | 40 | €2,674 | €0 | -€2,674 | -100% |
| Other amounts receivable | 41 | - | €373 | +€373 | |
| Current investments | 50/53 | €150,000 | €9,000 | -€141,000 | -94.0% |
| Cash at bank and in hand | 54/58 | €127,142 | €266,388 | +€139,246 | +110% |
| Deferred charges and accrued income | 490/1 | €57 | €163 | +€106 | +184% |
| Total equity and liabilities | 10/49 | €520,080 | €485,912 | -€34,168 | -6.6% |
| Equity | 10/15 | €483,792 | €457,222 | -€26,570 | -5.5% |
| Contributions | 10/11 | €6,329 | €6,329 | = | 0.0% |
| Reserves | 13 | €477,463 | €450,893 | -€26,570 | -5.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €112,500 | €112,500 | = | 0.0% |
| Distributable reserves | 133 | €363,103 | €336,533 | -€26,570 | -7.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €36,288 | €28,690 | -€7,598 | -20.9% |
| Amounts payable after more than one year | 17 | €5,609 | €0 | -€5,609 | -100% |
| Financial debts | 170/4 | €5,609 | €0 | -€5,609 | -100% |
| Amounts payable within one year | 42/48 | €29,336 | €26,158 | -€3,178 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €8,319 | €5,609 | -€2,709 | -32.6% |
| Trade debts | 44 | €597 | €14 | -€583 | -97.7% |
| Suppliers | 440/4 | €597 | €14 | -€583 | -97.7% |
| Taxes, remuneration and social security | 45 | €2,057 | €1,672 | -€385 | -18.7% |
| Taxes | 450/3 | €2,057 | €1,672 | -€385 | -18.7% |
| Other amounts payable | 47/48 | €18,363 | €18,863 | +€500 | +2.7% |
| Accrued charges and deferred income | 492/3 | €1,343 | €2,532 | +€1,189 | +88.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,788 | €36,120 | +€332 | +0.9% |
| Other operating charges | 640/8 | €5,246 | €5,480 | +€234 | +4.5% |
| Gross operating margin | 9900 | €136,709 | €14,829 | -€121,880 | -89.2% |
| Operating profit (loss) | 9901 | €95,676 | -€26,771 | -€122,447 | |
| Financial income | 75/76B | €1 | €1,682 | +€1,681 | +168,094% |
| Recurring financial income | 75 | €1 | €1,682 | +€1,681 | +168,094% |
| Financial charges | 65/66B | €1,710 | €1,349 | -€361 | -21.1% |
| Recurring financial charges | 65 | €1,710 | €1,349 | -€361 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €93,967 | -€26,438 | -€120,405 | |
| Income taxes | 67/77 | €177 | €132 | -€45 | -25.2% |
| Profit (loss) for the period | 9904 | €93,790 | -€26,570 | -€120,361 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,790 | -€26,570 | -€120,361 |
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 24 October 2026 via checked.be.