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
- Stocks and contracts +€33,672
up €33,672 (+11.1%), from €302,610 to €336,282
- Receivables within one year -€18,523
down €18,523 (-23.0%), from €80,680 to €62,157
of which Trade receivables: -€18,434
- Tangible fixed assets -€17,680
down €17,680 (-36.1%), from €48,912 to €31,232
- Cash +€13,178
up €13,178 (+93.6%), from €14,081 to €27,259
mainly Net result for the year (+€35,727) and Receivables within one year (+€18,523)
- Reserves +€35,727
up €35,727 (+15.9%), from €225,300 to €261,027
of which Distributable reserves: +€35,727
- Trade debts -€24,189
down €24,189 (-24.9%), from €97,322 to €73,133
- Debts after one year -€7,060
down €7,060 (-44.1%), from €16,008 to €8,948
- Tax, wage and social debts +€7,004
up €7,004 (+21.3%), from €32,868 to €39,873
- Taxes +€1,723
up €1,723 (+13.3%), from €12,963 to €14,686
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 | €446,283 | €456,929 | +€10,646 | +2.4% |
| Fixed assets | 21/28 | €48,912 | €31,232 | -€17,680 | -36.1% |
| Tangible fixed assets | 22/27 | €48,912 | €31,232 | -€17,680 | -36.1% |
| Furniture and vehicles | 24 | €48,912 | €31,232 | -€17,680 | -36.1% |
| Current assets | 29/58 | €397,371 | €425,698 | +€28,327 | +7.1% |
| Stocks and contracts in progress | 3 | €302,610 | €336,282 | +€33,672 | +11.1% |
| Stocks | 30/36 | €302,610 | €336,282 | +€33,672 | +11.1% |
| Amounts receivable within one year | 40/41 | €80,680 | €62,157 | -€18,523 | -23.0% |
| Trade receivables | 40 | €80,591 | €62,157 | -€18,434 | -22.9% |
| Other amounts receivable | 41 | €89 | - | -€89 | |
| Cash at bank and in hand | 54/58 | €14,081 | €27,259 | +€13,178 | +93.6% |
| Total equity and liabilities | 10/49 | €446,283 | €456,929 | +€10,646 | +2.4% |
| Equity | 10/15 | €243,892 | €279,619 | +€35,727 | +14.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €225,300 | €261,027 | +€35,727 | +15.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €223,441 | €259,168 | +€35,727 | +16.0% |
| Amounts payable | 17/49 | €202,391 | €177,310 | -€25,081 | -12.4% |
| Amounts payable after more than one year | 17 | €16,008 | €8,948 | -€7,060 | -44.1% |
| Financial debts | 170/4 | €16,008 | €8,948 | -€7,060 | -44.1% |
| Amounts payable within one year | 42/48 | €184,782 | €166,733 | -€18,048 | -9.8% |
| Current portion of amounts payable after more than one year | 42 | €7,846 | €7,401 | -€445 | -5.7% |
| Trade debts | 44 | €97,322 | €73,133 | -€24,189 | -24.9% |
| Suppliers | 440/4 | €97,322 | €73,133 | -€24,189 | -24.9% |
| Taxes, remuneration and social security | 45 | €32,868 | €39,873 | +€7,004 | +21.3% |
| Taxes | 450/3 | €32,868 | €39,873 | +€7,004 | +21.3% |
| Other amounts payable | 47/48 | €46,745 | €46,327 | -€418 | -0.9% |
| Accrued charges and deferred income | 492/3 | €1,601 | €1,629 | +€28 | +1.7% |
| Non-recurring operating income | 76A | €18,595 | - | -€18,595 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,597 | €17,680 | +€83 | +0.5% |
| Other operating charges | 640/8 | €779 | €886 | +€106 | +13.7% |
| Gross operating margin | 9900 | €72,571 | €72,597 | +€26 | 0.0% |
| Operating profit (loss) | 9901 | €54,195 | €54,031 | -€164 | -0.3% |
| Financial income | 75/76B | €1 | €11 | +€10 | +1,141% |
| Recurring financial income | 75 | €1 | €11 | +€10 | +1,141% |
| Financial charges | 65/66B | €3,863 | €3,629 | -€234 | -6.0% |
| Recurring financial charges | 65 | €3,863 | €3,629 | -€234 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €50,333 | €50,413 | +€79 | +0.2% |
| Income taxes | 67/77 | €12,963 | €14,686 | +€1,723 | +13.3% |
| Profit (loss) for the period | 9904 | €37,371 | €35,727 | -€1,644 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,371 | €35,727 | -€1,644 | -4.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.