FINESSE: 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.
FINESSE
Largest movements
- Receivables within one year +€11,469
up €11,469 (+59.4%), from €19,312 to €30,782
of which Trade receivables: +€9,005
- Stocks and contracts +€4,054
up €4,054 (+82.0%), from €4,942 to €8,996
- Cash -€3,774
down €3,774 (-57.0%), from €6,625 to €2,851
mainly Receivables within one year (-€11,469) and Stocks and contracts (-€4,054)
- Deferred charges and accrued income -€2,240
down €2,240 (-90.3%), from €2,479 to €240
- Tangible fixed assets -€541
down €541 (-29.2%), from €1,849 to €1,308
of which Plant, machinery and equipment: -€424
- Trade debts +€10,022
up €10,022 (+4611.7%), from €217 to €10,239
- Profit (loss) carried forward +€6,631
up €6,631 (+19.9%), from -€33,309 to -€26,678
- Tax, wage and social debts -€3,934
down €3,934 (-100.0%), from €3,934 to €0
- Advances received -€3,000
down €3,000 (-100.0%), from €3,000 to €0
- Accrued charges and deferred income -€750
down €750 (-100.0%), from €750 to €0
- Gross operating margin -€4,245
down €4,245 (-30.1%), from €14,092 to €9,848
- Depreciation -€2,085
down €2,085 (-79.4%), from €2,626 to €541
- Taxes -€471
down €471 (-15.8%), from €2,971 to €2,500
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 | €36,566 | €45,535 | +€8,969 | +24.5% |
| Fixed assets | 21/28 | €3,207 | €2,666 | -€541 | -16.9% |
| Tangible fixed assets | 22/27 | €1,849 | €1,308 | -€541 | -29.2% |
| Plant, machinery and equipment | 23 | €1,732 | €1,308 | -€424 | -24.5% |
| Furniture and vehicles | 24 | €116 | €0 | -€116 | -100.0% |
| Financial fixed assets | 28 | €1,358 | €1,358 | = | 0.0% |
| Current assets | 29/58 | €33,359 | €42,868 | +€9,510 | +28.5% |
| Stocks and contracts in progress | 3 | €4,942 | €8,996 | +€4,054 | +82.0% |
| Stocks | 30/36 | €4,942 | €8,996 | +€4,054 | +82.0% |
| Amounts receivable within one year | 40/41 | €19,312 | €30,782 | +€11,469 | +59.4% |
| Trade receivables | 40 | €4,993 | €13,998 | +€9,005 | +180.4% |
| Other amounts receivable | 41 | €14,320 | €16,784 | +€2,464 | +17.2% |
| Cash at bank and in hand | 54/58 | €6,625 | €2,851 | -€3,774 | -57.0% |
| Deferred charges and accrued income | 490/1 | €2,479 | €240 | -€2,240 | -90.3% |
| Total equity and liabilities | 10/49 | €36,566 | €45,535 | +€8,969 | +24.5% |
| Equity | 10/15 | €28,665 | €35,295 | +€6,631 | +23.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,309 | -€26,678 | +€6,631 | +19.9% |
| Amounts payable | 17/49 | €7,901 | €10,239 | +€2,338 | +29.6% |
| Amounts payable within one year | 42/48 | €7,151 | €10,239 | +€3,088 | +43.2% |
| Trade debts | 44 | €217 | €10,239 | +€10,022 | +4611.7% |
| Suppliers | 440/4 | €217 | €10,239 | +€10,022 | +4611.7% |
| Advances received on contracts in progress | 46 | €3,000 | €0 | -€3,000 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,934 | €0 | -€3,934 | -100.0% |
| Taxes | 450/3 | €3,934 | €0 | -€3,934 | -100.0% |
| Accrued charges and deferred income | 492/3 | €750 | €0 | -€750 | -100.0% |
| Non-recurring operating income | 76A | €1,240 | €0 | -€1,240 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,626 | €541 | -€2,085 | -79.4% |
| Other operating charges | 640/8 | €714 | €635 | -€78 | -11.0% |
| Gross operating margin | 9900 | €14,092 | €9,848 | -€4,245 | -30.1% |
| Operating profit (loss) | 9901 | €10,753 | €8,672 | -€2,082 | -19.4% |
| Financial income | 75/76B | €635 | €756 | +€121 | +19.1% |
| Recurring financial income | 75 | €635 | €756 | +€121 | +19.1% |
| Financial charges | 65/66B | €348 | €297 | -€51 | -14.6% |
| Recurring financial charges | 65 | €348 | €297 | -€51 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €11,040 | €9,131 | -€1,909 | -17.3% |
| Income taxes | 67/77 | €2,971 | €2,500 | -€471 | -15.8% |
| Profit (loss) for the period | 9904 | €8,069 | €6,631 | -€1,438 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,069 | €6,631 | -€1,438 | -17.8% |
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 11 October 2026 via checked.be.