FINETFO: 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.
FINETFO
Largest movements
- Cash -€23.7m
down €23.7m (-69.6%), from €34.0m to €10.3m
mainly Other debts (-€12.6m) and Current investments (-€7.0m)
- Current investments +€7.0m
up €7.0m (+20.0%), from €35.0m to €42.0m
- Financial fixed assets -€3.1m
down €3.1m (-4.6%), from €66.7m to €63.7m
- Other debts -€12.6m
down €12.6m (-46.9%), from €26.9m to €14.3m
- Short-term financial debts -€6.0m
down €6.0m (-99.7%), from €6.0m to €19,418
- Financial income -€4.4m
down €4.4m (-55.2%), from €7.9m to €3.6m
of which Financial income: -€4.1m
- Taxes -€342,530
down €342,530 (-39.6%), from €864,894 to €522,364
- Gross operating margin +€81,624
up €81,624 (+12.4%), from -€657,631 to -€576,006
- Financial charges +€38,274
up €38,274 (+1.8%), from €2.1m to €2.1m
of which Financial charges: +€197,153
- Staff costs +€7,017
up €7,017 (+4.0%), from €177,215 to €184,231
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 | €136,674,141 | €116,978,006 | -€19.7m | -14.4% |
| Fixed assets | 21/28 | €67,627,931 | €64,535,922 | -€3.1m | -4.6% |
| Tangible fixed assets | 22/27 | €916,177 | €875,635 | -€40,542 | -4.4% |
| Land and buildings | 22 | €792,299 | €762,916 | -€29,384 | -3.7% |
| Plant, machinery and equipment | 23 | €24,662 | €19,971 | -€4,692 | -19.0% |
| Furniture and vehicles | 24 | €38,824 | €32,357 | -€6,466 | -16.7% |
| Other tangible fixed assets | 26 | €60,392 | €60,392 | = | 0.0% |
| Financial fixed assets | 28 | €66,711,754 | €63,660,286 | -€3.1m | -4.6% |
| Current assets | 29/58 | €69,046,210 | €52,442,084 | -€16.6m | -24.0% |
| Amounts receivable within one year | 40/41 | €1,826 | €98,832 | +€97,007 | +5312.9% |
| Trade receivables | 40 | - | €8,400 | +€8,400 | |
| Other amounts receivable | 41 | €1,826 | €90,432 | +€88,607 | +4852.9% |
| Current investments | 50/53 | €34,991,261 | €42,002,326 | +€7.0m | +20.0% |
| Cash at bank and in hand | 54/58 | €34,047,641 | €10,335,793 | -€23.7m | -69.6% |
| Deferred charges and accrued income | 490/1 | €5,481 | €5,133 | -€348 | -6.4% |
| Total equity and liabilities | 10/49 | €136,674,141 | €116,978,006 | -€19.7m | -14.4% |
| Equity | 10/15 | €102,480,151 | €102,588,810 | +€108,659 | +0.1% |
| Contributions | 10/11 | €1,810,000 | €1,810,000 | = | 0.0% |
| Capital | 10 | €1,810,000 | €1,810,000 | = | 0.0% |
| Issued capital | 100 | €1,810,000 | €1,810,000 | = | 0.0% |
| Reserves | 13 | €47,941,330 | €47,941,330 | = | 0.0% |
| Non-distributable reserves | 130/1 | €181,000 | €181,000 | = | 0.0% |
| Legal reserve | 130 | €181,000 | €181,000 | = | 0.0% |
| Distributable reserves | 133 | €47,760,330 | €47,760,330 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,728,821 | €52,837,481 | +€108,659 | +0.2% |
| Amounts payable | 17/49 | €34,193,990 | €14,389,195 | -€19.8m | -57.9% |
| Amounts payable within one year | 42/48 | €34,159,497 | €14,389,195 | -€19.8m | -57.9% |
| Financial debts | 43 | €6,000,000 | €19,418 | -€6.0m | -99.7% |
| Credit institutions | 430/8 | €6,000,000 | €19,418 | -€6.0m | -99.7% |
| Trade debts | 44 | €132,842 | €113,053 | -€19,789 | -14.9% |
| Suppliers | 440/4 | €132,842 | €113,053 | -€19,789 | -14.9% |
| Taxes, remuneration and social security | 45 | €1,168,194 | - | -€1.2m | |
| Taxes | 450/3 | €1,168,194 | - | -€1.2m | |
| Other amounts payable | 47/48 | €26,858,462 | €14,256,725 | -€12.6m | -46.9% |
| Accrued charges and deferred income | 492/3 | €34,493 | - | -€34,493 | |
| Non-recurring operating income | 76A | €8,560 | - | -€8,560 | |
| Remuneration, social security and pensions | 62 | €177,215 | €184,231 | +€7,017 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,619 | €42,420 | +€4,801 | +12.8% |
| Other operating charges | 640/8 | €8,174 | €8,412 | +€239 | +2.9% |
| Non-recurring operating charges | 66A | €60,392 | - | -€60,392 | |
| Gross operating margin | 9900 | -€657,631 | -€576,006 | +€81,624 | +12.4% |
| Operating profit (loss) | 9901 | -€941,030 | -€811,070 | +€129,960 | +13.8% |
| Financial income | 75/76B | €7,922,209 | €3,552,189 | -€4.4m | -55.2% |
| Recurring financial income | 75 | €7,695,754 | €3,552,189 | -€4.1m | -53.8% |
| Non-recurring financial income | 76B | €226,455 | - | -€226,455 | |
| Financial charges | 65/66B | €2,071,822 | €2,110,096 | +€38,274 | +1.8% |
| Recurring financial charges | 65 | €561,578 | €758,732 | +€197,153 | +35.1% |
| Non-recurring financial charges | 66B | €1,510,244 | €1,351,365 | -€158,879 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €4,909,357 | €631,023 | -€4.3m | -87.1% |
| Income taxes | 67/77 | €864,894 | €522,364 | -€342,530 | -39.6% |
| Profit (loss) for the period | 9904 | €4,044,464 | €108,659 | -€3.9m | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,044,464 | €108,659 | -€3.9m | -97.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.