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 -€39,246
no longer reported in 2025 (was €39,246)
- Tangible fixed assets -€35,402
down €35,402 (-54.8%), from €64,553 to €29,151
- Cash -€23,622
down €23,622 (-19.6%), from €120,330 to €96,708
mainly Tax, wage and social debts (-€45,634) and Trade debts (-€43,825)
- Intangible fixed assets -€3,472
no longer reported in 2025 (was €3,472)
- Tax, wage and social debts -€45,634
down €45,634 (-81.1%), from €56,245 to €10,611
of which Remuneration and social security: -€47,061
- Trade debts -€43,825
down €43,825 (-82.9%), from €52,853 to €9,028
- Current portion of long-term debt -€22,199
no longer reported in 2025 (was €22,199)
- Reserves +€19,555
up €19,555 (+98.5%), from €19,857 to €39,411
of which Distributable reserves: +€19,555
- Debts after one year -€18,251
no longer reported in 2025 (was €18,251)
- Staff costs -€103,712
down €103,712 (-22.9%), from €452,331 to €348,619
- Gross operating margin -€80,980
down €80,980 (-15.2%), from €531,617 to €450,637
- Depreciation -€14,778
down €14,778 (-72.3%), from €20,446 to €5,668
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 | €241,469 | €140,563 | -€100,906 | -41.8% |
| Fixed assets | 21/28 | €68,025 | €29,151 | -€38,874 | -57.1% |
| Intangible fixed assets | 21 | €3,472 | - | -€3,472 | |
| Tangible fixed assets | 22/27 | €64,553 | €29,151 | -€35,402 | -54.8% |
| Plant, machinery and equipment | 23 | €37,965 | €24,369 | -€13,596 | -35.8% |
| Furniture and vehicles | 24 | €16,953 | €4,782 | -€12,171 | -71.8% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €9,635 | - | -€9,635 | |
| Current assets | 29/58 | €173,444 | €111,412 | -€62,032 | -35.8% |
| Stocks and contracts in progress | 3 | €39,246 | - | -€39,246 | |
| Stocks | 30/36 | €39,246 | - | -€39,246 | |
| Amounts receivable within one year | 40/41 | €13,868 | €13,563 | -€305 | -2.2% |
| Trade receivables | 40 | €13,868 | €13,563 | -€305 | -2.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €120,330 | €96,708 | -€23,622 | -19.6% |
| Deferred charges and accrued income | 490/1 | - | €1,141 | +€1,141 | |
| Total equity and liabilities | 10/49 | €241,469 | €140,563 | -€100,906 | -41.8% |
| Equity | 10/15 | €80,085 | €99,640 | +€19,555 | +24.4% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €19,857 | €39,411 | +€19,555 | +98.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €19,857 | €39,411 | +€19,555 | +98.5% |
| Profit (loss) carried forward | 14 | €35,439 | €35,439 | = | 0.0% |
| Amounts payable | 17/49 | €161,384 | €40,923 | -€120,461 | -74.6% |
| Amounts payable after more than one year | 17 | €18,251 | - | -€18,251 | |
| Financial debts | 170/4 | €18,251 | - | -€18,251 | |
| Amounts payable within one year | 42/48 | €143,133 | €40,923 | -€102,210 | -71.4% |
| Current portion of amounts payable after more than one year | 42 | €22,199 | - | -€22,199 | |
| Trade debts | 44 | €52,853 | €9,028 | -€43,825 | -82.9% |
| Suppliers | 440/4 | €52,853 | €9,028 | -€43,825 | -82.9% |
| Taxes, remuneration and social security | 45 | €56,245 | €10,611 | -€45,634 | -81.1% |
| Taxes | 450/3 | €9,184 | €10,611 | +€1,427 | +15.5% |
| Remuneration and social security | 454/9 | €47,061 | - | -€47,061 | |
| Other amounts payable | 47/48 | €11,836 | €21,285 | +€9,448 | +79.8% |
| Non-recurring operating income | 76A | - | €1,100 | +€1,100 | |
| Remuneration, social security and pensions | 62 | €452,331 | €348,619 | -€103,712 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,446 | €5,668 | -€14,778 | -72.3% |
| Other operating charges | 640/8 | €934 | €2,040 | +€1,106 | +118.5% |
| Non-recurring operating charges | 66A | €23,815 | €35,296 | +€11,481 | +48.2% |
| Gross operating margin | 9900 | €531,617 | €450,637 | -€80,980 | -15.2% |
| Operating profit (loss) | 9901 | €34,091 | €59,013 | +€24,922 | +73.1% |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.6% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.6% |
| Financial charges | 65/66B | €8,870 | €9,428 | +€558 | +6.3% |
| Recurring financial charges | 65 | €8,870 | €9,428 | +€558 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €25,232 | €49,586 | +€24,354 | +96.5% |
| Income taxes | 67/77 | €7,566 | €12,031 | +€4,465 | +59.0% |
| Profit (loss) for the period | 9904 | €17,666 | €37,555 | +€19,889 | +112.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,666 | €37,555 | +€19,889 | +112.6% |
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 9 October 2026 via checked.be.