FINEST PROJECTS: 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.
FINEST PROJECTS
Largest movements
- Cash -€15,625
down €15,625 (-89.8%), from €17,408 to €1,783
mainly Other debts (-€12,623) and Net result for the year (-€8,773)
- Tangible fixed assets -€4,847
down €4,847 (-44.0%), from €11,013 to €6,166
- Receivables within one year +€4,120
up €4,120 (+41.5%), from €9,937 to €14,057
of which Trade receivables: +€6,306
- Stocks and contracts +€3,453
new in 2024: €3,453
of which Stocks: +€2,509
- Other debts -€12,623
down €12,623 (-77.1%), from €16,374 to €3,751
- Trade debts +€10,398
up €10,398 (+260%), from €4,003 to €14,401
- Profit (loss) carried forward -€8,773
down €8,773, from €2,344 to -€6,429
- Accrued charges and deferred income -€1,836
no longer reported in 2024 (was €1,836)
- Gross operating margin -€9,042
down €9,042, from €6,804 to -€2,239
- Other operating charges +€851
up €851 (+445%), from €191 to €1,042
- Depreciation +€789
up €789 (+17.2%), from €4,587 to €5,376
- Taxes -€411
no longer reported in 2024 (was €411)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,358 | €25,459 | -€12,899 | -33.6% |
| Fixed assets | 21/28 | €11,013 | €6,166 | -€4,847 | -44.0% |
| Tangible fixed assets | 22/27 | €11,013 | €6,166 | -€4,847 | -44.0% |
| Furniture and vehicles | 24 | €11,013 | €6,166 | -€4,847 | -44.0% |
| Current assets | 29/58 | €27,345 | €19,293 | -€8,051 | -29.4% |
| Stocks and contracts in progress | 3 | - | €3,453 | +€3,453 | |
| Stocks | 30/36 | - | €2,509 | +€2,509 | |
| Contracts in progress | 37 | - | €943 | +€943 | |
| Amounts receivable within one year | 40/41 | €9,937 | €14,057 | +€4,120 | +41.5% |
| Trade receivables | 40 | €5,048 | €11,354 | +€6,306 | +125% |
| Other amounts receivable | 41 | €4,889 | €2,704 | -€2,186 | -44.7% |
| Cash at bank and in hand | 54/58 | €17,408 | €1,783 | -€15,625 | -89.8% |
| Total equity and liabilities | 10/49 | €38,358 | €25,459 | -€12,899 | -33.6% |
| Equity | 10/15 | €3,844 | -€4,929 | -€8,773 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,344 | -€6,429 | -€8,773 | |
| Amounts payable | 17/49 | €34,513 | €30,388 | -€4,125 | -12.0% |
| Amounts payable within one year | 42/48 | €32,677 | €30,388 | -€2,289 | -7.0% |
| Trade debts | 44 | €4,003 | €14,401 | +€10,398 | +260% |
| Suppliers | 440/4 | €4,003 | €14,401 | +€10,398 | +260% |
| Taxes, remuneration and social security | 45 | €12,301 | €12,236 | -€64 | -0.5% |
| Taxes | 450/3 | €1,501 | €1,277 | -€223 | -14.9% |
| Remuneration and social security | 454/9 | €10,800 | €10,959 | +€159 | +1.5% |
| Other amounts payable | 47/48 | €16,374 | €3,751 | -€12,623 | -77.1% |
| Accrued charges and deferred income | 492/3 | €1,836 | - | -€1,836 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,587 | €5,376 | +€789 | +17.2% |
| Other operating charges | 640/8 | €191 | €1,042 | +€851 | +445% |
| Gross operating margin | 9900 | €6,804 | -€2,239 | -€9,042 | |
| Operating profit (loss) | 9901 | €2,026 | -€8,656 | -€10,681 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +300% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +300% |
| Financial charges | 65/66B | €79 | €118 | +€39 | +48.9% |
| Recurring financial charges | 65 | €79 | €118 | +€39 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | €1,947 | -€8,773 | -€10,720 | |
| Income taxes | 67/77 | €411 | - | -€411 | |
| Profit (loss) for the period | 9904 | €1,536 | -€8,773 | -€10,309 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,536 | -€8,773 | -€10,309 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.