Finex: 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.
What changed
Finex
NACE 10.820, Manufacture of cocoa, chocolate and sugar confectionery
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€656,501
2024 · €287,082+€369,420
Equity
€1.2m
2024 · €1.2m+€36,501
Cash
€804,312
2024 · €540,029+€264,283
Balance sheet total
€5.7m
2024 · €5.2m+€460,105
Largest movements
Assets
- Cash +€264,283
up €264,283 (+48.9%), from €540,029 to €804,312
mainly Net result for the year (+€656,501) and Other debts (+€290,000)
- Current investments +€200,000
up €200,000 (+25.0%), from €800,000 to €1.0m
- Receivables within one year +€141,782
up €141,782 (+21.0%), from €675,251 to €817,032
of which Other amounts receivable: +€247,794
- Stocks and contracts -€115,194
down €115,194 (-14.1%), from €818,379 to €703,186
Equity and liabilities
- Debts after one year -€320,832
down €320,832 (-12.5%), from €2.6m to €2.2m
of which Financial debts: -€320,832
- Other debts +€290,000
up €290,000 (+87.9%), from €330,000 to €620,000
- Accrued charges and deferred income +€282,947
up €282,947 (+32597.6%), from €868 to €283,815
- Trade debts +€130,311
up €130,311 (+20.7%), from €629,626 to €759,936
Income statement
- Gross operating margin +€473,785
up €473,785 (+31.2%), from €1.5m to €2.0m
- Staff costs +€115,218
up €115,218 (+15.0%), from €768,600 to €883,817
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.
Result 2024
€287,082
Gross operating margin
+€473,785
Staff costs
-€115,218
Depreciation
-€2,031
Write-downs
-€14,165
Other operating charges
-€878
Financial income
+€18,114
Financial charges
+€15,848
Taxes
-€6,036
Result 2025
€656,501
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.
From operations
+€1.6m
Investment
-€363,838
Financing
-€940,832
Cash 2024
€540,029
From operations (derived)
+€1.6m
Net result for the year
+€656,501
Depreciation
+€190,017
Stocks and contracts
+€115,194
Receivables within one year
-€141,782
Deferred charges and accrued income
+€4,588
Trade debts
+€130,311
Tax, wage and social debts
+€41,178
Other debts
+€290,000
Accrued charges and deferred income
+€282,947
Investment (derived)
-€363,838
Investment in fixed assets (net)
-€163,838
Current investments
-€200,000
Financing
-€940,832
Debts after one year
-€320,832
Contributions, distributions and other
-€620,000
Cash 2025
€804,312
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,198,660 | €5,658,765 | +€460,105 | +8.9% |
| Fixed assets | 21/28 | €2,352,111 | €2,325,932 | -€26,179 | -1.1% |
| Tangible fixed assets | 22/27 | €2,352,111 | €2,325,932 | -€26,179 | -1.1% |
| Land and buildings | 22 | €2,032,842 | €1,935,333 | -€97,509 | -4.8% |
| Plant, machinery and equipment | 23 | €291,068 | €336,408 | +€45,340 | +15.6% |
| Furniture and vehicles | 24 | €28,200 | €22,024 | -€6,176 | -21.9% |
| Assets under construction and advance payments | 27 | - | €32,167 | +€32,167 | |
| Current assets | 29/58 | €2,846,550 | €3,332,833 | +€486,283 | +17.1% |
| Stocks and contracts in progress | 3 | €818,379 | €703,186 | -€115,194 | -14.1% |
| Stocks | 30/36 | €818,379 | €703,186 | -€115,194 | -14.1% |
| Amounts receivable within one year | 40/41 | €675,251 | €817,032 | +€141,782 | +21.0% |
| Trade receivables | 40 | €602,988 | €496,975 | -€106,013 | -17.6% |
| Other amounts receivable | 41 | €72,263 | €320,057 | +€247,794 | +342.9% |
| Current investments | 50/53 | €800,000 | €1,000,000 | +€200,000 | +25.0% |
| Cash at bank and in hand | 54/58 | €540,029 | €804,312 | +€264,283 | +48.9% |
| Deferred charges and accrued income | 490/1 | €12,891 | €8,303 | -€4,588 | -35.6% |
| Total equity and liabilities | 10/49 | €5,198,660 | €5,658,765 | +€460,105 | +8.9% |
| Equity | 10/15 | €1,156,125 | €1,192,626 | +€36,501 | +3.2% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Capital | 10 | €160,000 | €160,000 | = | 0.0% |
| Issued capital | 100 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €996,125 | €1,032,626 | +€36,501 | +3.7% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Legal reserve | 130 | €16,000 | €16,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €961,375 | €997,876 | +€36,501 | +3.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,042,536 | €4,466,139 | +€423,603 | +10.5% |
| Amounts payable after more than one year | 17 | €2,563,751 | €2,242,919 | -€320,832 | -12.5% |
| Financial debts | 170/4 | €2,563,751 | €2,242,919 | -€320,832 | -12.5% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,477,916 | €1,939,405 | +€461,489 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €320,832 | €320,832 | = | 0.0% |
| Trade debts | 44 | €629,626 | €759,936 | +€130,311 | +20.7% |
| Suppliers | 440/4 | €629,626 | €759,936 | +€130,311 | +20.7% |
| Taxes, remuneration and social security | 45 | €197,458 | €238,636 | +€41,178 | +20.9% |
| Taxes | 450/3 | €102,062 | €113,173 | +€11,111 | +10.9% |
| Remuneration and social security | 454/9 | €95,397 | €125,464 | +€30,067 | +31.5% |
| Other amounts payable | 47/48 | €330,000 | €620,000 | +€290,000 | +87.9% |
| Accrued charges and deferred income | 492/3 | €868 | €283,815 | +€282,947 | +32597.6% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €768,600 | €883,817 | +€115,218 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,986 | €190,017 | +€2,031 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €14,165 | +€14,165 | |
| Other operating charges | 640/8 | €27,900 | €28,778 | +€878 | +3.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,518,910 | €1,992,696 | +€473,785 | +31.2% |
| Operating profit (loss) | 9901 | €534,425 | €875,919 | +€341,494 | +63.9% |
| Financial income | 75/76B | €6,180 | €24,294 | +€18,114 | +293.1% |
| Recurring financial income | 75 | €6,180 | €24,294 | +€18,114 | +293.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €150,354 | €134,507 | -€15,848 | -10.5% |
| Recurring financial charges | 65 | €150,354 | €134,507 | -€15,848 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €390,250 | €765,706 | +€375,456 | +96.2% |
| Income taxes | 67/77 | €103,169 | €109,205 | +€6,036 | +5.9% |
| Profit (loss) for the period | 9904 | €287,082 | €656,501 | +€369,420 | +128.7% |
| Profit (loss) for the period to be appropriated | 9905 | €287,082 | €656,501 | +€369,420 | +128.7% |
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 11 October 2026 via checked.be.