FINESKA: 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.
FINESKA
Largest movements
- Current investments +€249,003
up €249,003 (+88.4%), from €281,656 to €530,659
- Tangible fixed assets -€12,959
down €12,959 (-30.9%), from €41,935 to €28,976
of which Furniture and vehicles: -€10,282
- Reserves +€209,693
up €209,693 (+40.0%), from €524,342 to €734,035
of which Distributable reserves: +€209,693
- Short-term financial debts +€16,876
new in 2025: €16,876
- Tax, wage and social debts +€11,112
new in 2025: €11,112
- Debts after one year -€10,306
down €10,306 (-39.9%), from €25,856 to €15,550
- Other debts +€9,953
up €9,953 (+20.3%), from €49,086 to €59,040
- Gross operating margin +€137,802
up €137,802 (+77.4%), from €178,130 to €315,931
- Taxes +€44,246
up €44,246 (+89.6%), from €49,400 to €93,646
- Financial charges +€5,593
up €5,593 (+387%), from €1,444 to €7,037
- Financial income +€5,132
up €5,132 (+155%), from €3,313 to €8,445
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 | €624,731 | €862,229 | +€237,498 | +38.0% |
| Fixed assets | 21/28 | €41,945 | €28,986 | -€12,959 | -30.9% |
| Tangible fixed assets | 22/27 | €41,935 | €28,976 | -€12,959 | -30.9% |
| Plant, machinery and equipment | 23 | €6,187 | €3,510 | -€2,677 | -43.3% |
| Furniture and vehicles | 24 | €35,748 | €25,466 | -€10,282 | -28.8% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €582,786 | €833,243 | +€250,457 | +43.0% |
| Amounts receivable within one year | 40/41 | €247,999 | €242,584 | -€5,414 | -2.2% |
| Trade receivables | 40 | €66,451 | €197,185 | +€130,735 | +197% |
| Other amounts receivable | 41 | €181,548 | €45,399 | -€136,149 | -75.0% |
| Current investments | 50/53 | €281,656 | €530,659 | +€249,003 | +88.4% |
| Cash at bank and in hand | 54/58 | €52,136 | €58,971 | +€6,835 | +13.1% |
| Deferred charges and accrued income | 490/1 | €996 | €1,030 | +€34 | +3.4% |
| Total equity and liabilities | 10/49 | €624,731 | €862,229 | +€237,498 | +38.0% |
| Equity | 10/15 | €539,342 | €749,035 | +€209,693 | +38.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €524,342 | €734,035 | +€209,693 | +40.0% |
| Non-distributable reserves | 130/1 | €260 | €260 | = | 0.0% |
| Reserves not available under the articles | 1311 | €260 | €260 | = | 0.0% |
| Distributable reserves | 133 | €524,082 | €733,775 | +€209,693 | +40.0% |
| Amounts payable | 17/49 | €85,389 | €113,194 | +€27,805 | +32.6% |
| Amounts payable after more than one year | 17 | €25,856 | €15,550 | -€10,306 | -39.9% |
| Financial debts | 170/4 | €25,856 | €15,550 | -€10,306 | -39.9% |
| Amounts payable within one year | 42/48 | €59,532 | €97,644 | +€38,111 | +64.0% |
| Current portion of amounts payable after more than one year | 42 | €10,258 | €10,306 | +€48 | +0.5% |
| Financial debts | 43 | - | €16,876 | +€16,876 | |
| Credit institutions | 430/8 | - | €16,876 | +€16,876 | |
| Trade debts | 44 | €188 | €310 | +€122 | +64.7% |
| Suppliers | 440/4 | €188 | €310 | +€122 | +64.7% |
| Taxes, remuneration and social security | 45 | - | €11,112 | +€11,112 | |
| Taxes | 450/3 | - | €11,112 | +€11,112 | |
| Other amounts payable | 47/48 | €49,086 | €59,040 | +€9,953 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,738 | €12,959 | +€221 | +1.7% |
| Other operating charges | 640/8 | €1,371 | €1,041 | -€330 | -24.1% |
| Gross operating margin | 9900 | €178,130 | €315,931 | +€137,802 | +77.4% |
| Operating profit (loss) | 9901 | €164,021 | €301,931 | +€137,910 | +84.1% |
| Financial income | 75/76B | €3,313 | €8,445 | +€5,132 | +155% |
| Recurring financial income | 75 | €3,313 | €8,445 | +€5,132 | +155% |
| Financial charges | 65/66B | €1,444 | €7,037 | +€5,593 | +387% |
| Recurring financial charges | 65 | €1,444 | €7,037 | +€5,593 | +387% |
| Profit (loss) for the period before taxes | 9903 | €165,889 | €303,339 | +€137,450 | +82.9% |
| Income taxes | 67/77 | €49,400 | €93,646 | +€44,246 | +89.6% |
| Profit (loss) for the period | 9904 | €116,489 | €209,693 | +€93,204 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €116,489 | €209,693 | +€93,204 | +80.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.