FINESTATE: 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.
FINESTATE
Largest movements
- Tangible fixed assets -€37,090
down €37,090 (-3.1%), from €1.2m to €1.2m
- Debts after one year -€101,407
down €101,407 (-15.5%), from €652,368 to €550,961
- Profit (loss) carried forward +€35,272
up €35,272 (+18.4%), from €191,919 to €227,191
- Other debts +€19,068
up €19,068 (+5.2%), from €369,552 to €388,620
- Financial charges -€4,336
down €4,336 (-10.0%), from €43,264 to €38,928
- Gross operating margin +€1,849
up €1,849 (+1.4%), from €128,499 to €130,348
- Taxes +€1,536
up €1,536 (+13.2%), from €11,676 to €13,212
- Other operating charges +€1,447
up €1,447 (+32.9%), from €4,400 to €5,847
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 | €1,349,441 | €1,310,591 | -€38,850 | -2.9% |
| Fixed assets | 21/28 | €1,193,714 | €1,156,624 | -€37,090 | -3.1% |
| Tangible fixed assets | 22/27 | €1,193,714 | €1,156,624 | -€37,090 | -3.1% |
| Land and buildings | 22 | €1,193,714 | €1,156,624 | -€37,090 | -3.1% |
| Current assets | 29/58 | €155,728 | €153,967 | -€1,760 | -1.1% |
| Amounts receivable within one year | 40/41 | €139,400 | €134,366 | -€5,034 | -3.6% |
| Trade receivables | 40 | €139,400 | €134,366 | -€5,034 | -3.6% |
| Cash at bank and in hand | 54/58 | €14,465 | €17,559 | +€3,095 | +21.4% |
| Deferred charges and accrued income | 490/1 | €1,863 | €2,042 | +€179 | +9.6% |
| Total equity and liabilities | 10/49 | €1,349,441 | €1,310,591 | -€38,850 | -2.9% |
| Equity | 10/15 | €210,469 | €245,741 | +€35,272 | +16.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,919 | €227,191 | +€35,272 | +18.4% |
| Amounts payable | 17/49 | €1,138,972 | €1,064,850 | -€74,122 | -6.5% |
| Amounts payable after more than one year | 17 | €652,368 | €550,961 | -€101,407 | -15.5% |
| Financial debts | 170/4 | €652,368 | €550,961 | -€101,407 | -15.5% |
| Amounts payable within one year | 42/48 | €486,604 | €513,889 | +€27,285 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €98,661 | €101,407 | +€2,746 | +2.8% |
| Trade debts | 44 | €6,715 | €10,650 | +€3,935 | +58.6% |
| Suppliers | 440/4 | €6,715 | €10,650 | +€3,935 | +58.6% |
| Taxes, remuneration and social security | 45 | €11,676 | €13,212 | +€1,536 | +13.2% |
| Taxes | 450/3 | €11,676 | €13,212 | +€1,536 | +13.2% |
| Other amounts payable | 47/48 | €369,552 | €388,620 | +€19,068 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,086 | €37,090 | +€4 | 0.0% |
| Other operating charges | 640/8 | €4,400 | €5,847 | +€1,447 | +32.9% |
| Gross operating margin | 9900 | €128,499 | €130,348 | +€1,849 | +1.4% |
| Operating profit (loss) | 9901 | €87,013 | €87,412 | +€399 | +0.5% |
| Financial charges | 65/66B | €43,264 | €38,928 | -€4,336 | -10.0% |
| Recurring financial charges | 65 | €43,264 | €38,928 | -€4,336 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €43,749 | €48,484 | +€4,735 | +10.8% |
| Income taxes | 67/77 | €11,676 | €13,212 | +€1,536 | +13.2% |
| Profit (loss) for the period | 9904 | €32,074 | €35,272 | +€3,199 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,074 | €35,272 | +€3,199 | +10.0% |
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 17 October 2026 via checked.be.