FINESSIMO: what changed
Two fiscal 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.
FINESSIMO
Largest movements
- Receivables within one year -€159,024
down €159,024 (-97.6%), from €162,988 to €3,964
- Cash -€88,250
down €88,250 (-17.6%), from €502,828 to €414,578
mainly Debts after one year (-€295,800) and Other debts (-€27,927)
- Tangible fixed assets -€56,739
down €56,739 (-50.0%), from €113,479 to €56,739
- Debts after one year -€295,800
down €295,800 (-41.1%), from €719,849 to €424,049
- Other debts -€27,927
down €27,927 (-51.3%), from €54,416 to €26,488
- Reserves +€18,807
new in 2025: €18,807
- Gross operating margin -€157,068
down €157,068 (-88.5%), from €177,514 to €20,446
- Financial charges -€13,120
down €13,120 (-99.4%), from €13,195 to €75
- Taxes +€1,881
new in 2025: €1,881
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 | €779,387 | €475,392 | -€303,996 | -39.0% |
| Fixed assets | 21/28 | €113,479 | €56,739 | -€56,739 | -50.0% |
| Tangible fixed assets | 22/27 | €113,479 | €56,739 | -€56,739 | -50.0% |
| Land and buildings | 22 | €113,479 | €56,739 | -€56,739 | -50.0% |
| Current assets | 29/58 | €665,909 | €418,653 | -€247,256 | -37.1% |
| Amounts receivable within one year | 40/41 | €162,988 | €3,964 | -€159,024 | -97.6% |
| Other amounts receivable | 41 | €162,988 | €3,964 | -€159,024 | -97.6% |
| Cash at bank and in hand | 54/58 | €502,828 | €414,578 | -€88,250 | -17.6% |
| Deferred charges and accrued income | 490/1 | €93 | €111 | +€18 | +19.6% |
| Total equity and liabilities | 10/49 | €779,387 | €475,392 | -€303,996 | -39.0% |
| Equity | 10/15 | €4,007 | €22,814 | +€18,807 | +469.4% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | - | €18,807 | +€18,807 | |
| Distributable reserves | 133 | - | €18,807 | +€18,807 | |
| Profit (loss) carried forward | 14 | -€2,198 | -€2,198 | = | 0.0% |
| Amounts payable | 17/49 | €775,381 | €452,578 | -€322,803 | -41.6% |
| Amounts payable after more than one year | 17 | €719,849 | €424,049 | -€295,800 | -41.1% |
| Financial debts | 170/4 | €719,849 | €424,049 | -€295,800 | -41.1% |
| Amounts payable within one year | 42/48 | €55,532 | €28,529 | -€27,003 | -48.6% |
| Trade debts | 44 | €116 | - | -€116 | |
| Suppliers | 440/4 | €116 | - | -€116 | |
| Taxes, remuneration and social security | 45 | €1,000 | €2,041 | +€1,041 | +104.1% |
| Taxes | 450/3 | €1,000 | €2,041 | +€1,041 | +104.1% |
| Other amounts payable | 47/48 | €54,416 | €26,488 | -€27,927 | -51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €243 | - | -€243 | |
| Other operating charges | 640/8 | €816 | €815 | -€1 | -0.1% |
| Gross operating margin | 9900 | €177,514 | €20,446 | -€157,068 | -88.5% |
| Operating profit (loss) | 9901 | €176,454 | €19,631 | -€156,823 | -88.9% |
| Financial income | 75/76B | €0 | €1,132 | +€1,132 | +11323500.0% |
| Recurring financial income | 75 | €0 | €1,132 | +€1,132 | +11323500.0% |
| Financial charges | 65/66B | €13,195 | €75 | -€13,120 | -99.4% |
| Recurring financial charges | 65 | €13,195 | €75 | -€13,120 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €163,259 | €20,688 | -€142,570 | -87.3% |
| Income taxes | 67/77 | - | €1,881 | +€1,881 | |
| Profit (loss) for the period | 9904 | €163,259 | €18,807 | -€144,451 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €163,259 | €18,807 | -€144,451 | -88.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.