FINEX GROUP: 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.
FINEX GROUP
Largest movements
- Receivables within one year +€107,050
up €107,050 (+19.2%), from €557,774 to €664,824
of which Trade receivables: +€109,208
- Tangible fixed assets +€104,913
up €104,913 (+45.5%), from €230,357 to €335,270
of which Other tangible fixed assets: +€92,533
- Cash -€40,339
down €40,339 (-30.7%), from €131,361 to €91,021
mainly Investment in fixed assets (net) (-€380,003) and Receivables within one year (-€107,050)
- Deferred charges and accrued income +€14,351
up €14,351 (+38.3%), from €37,454 to €51,805
- Profit (loss) carried forward +€121,714
up €121,714 (+50.2%), from €242,351 to €364,066
- Debts after one year +€98,390
up €98,390 (+77.9%), from €126,309 to €224,699
- Other debts -€48,019
down €48,019 (-65.4%), from €73,393 to €25,374
- Trade debts -€31,535
down €31,535 (-15.7%), from €200,314 to €168,779
- Current portion of long-term debt +€21,750
up €21,750 (+68.5%), from €31,755 to €53,505
- Gross operating margin +€273,658
up €273,658 (+22.6%), from €1.2m to €1.5m
- Staff costs +€147,675
up €147,675 (+21.3%), from €693,835 to €841,510
- Other operating charges +€27,940
up €27,940 (+27.7%), from €100,744 to €128,684
- Depreciation +€24,480
up €24,480 (+9.8%), from €250,077 to €274,557
- Write-downs +€17,872
up €17,872, from -€17,872 to €0
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 | €960,526 | €1,147,034 | +€186,508 | +19.4% |
| Fixed assets | 21/28 | €233,938 | €339,384 | +€105,446 | +45.1% |
| Intangible fixed assets | 21 | €1,081 | €4,114 | +€3,033 | +280.7% |
| Tangible fixed assets | 22/27 | €230,357 | €335,270 | +€104,913 | +45.5% |
| Plant, machinery and equipment | 23 | €909 | €551 | -€358 | -39.4% |
| Furniture and vehicles | 24 | €229,448 | €242,187 | +€12,739 | +5.6% |
| Other tangible fixed assets | 26 | - | €92,533 | +€92,533 | |
| Financial fixed assets | 28 | €2,500 | €0 | -€2,500 | -100.0% |
| Current assets | 29/58 | €726,588 | €807,650 | +€81,062 | +11.2% |
| Amounts receivable within one year | 40/41 | €557,774 | €664,824 | +€107,050 | +19.2% |
| Trade receivables | 40 | €554,068 | €663,276 | +€109,208 | +19.7% |
| Other amounts receivable | 41 | €3,706 | €1,548 | -€2,158 | -58.2% |
| Cash at bank and in hand | 54/58 | €131,361 | €91,021 | -€40,339 | -30.7% |
| Deferred charges and accrued income | 490/1 | €37,454 | €51,805 | +€14,351 | +38.3% |
| Total equity and liabilities | 10/49 | €960,526 | €1,147,034 | +€186,508 | +19.4% |
| Equity | 10/15 | €247,351 | €369,066 | +€121,714 | +49.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €242,351 | €364,066 | +€121,714 | +50.2% |
| Provisions and deferred taxes | 16 | - | €6,000 | +€6,000 | |
| Provisions for liabilities and charges | 160/5 | - | €6,000 | +€6,000 | |
| Major repairs and maintenance | 162 | - | €6,000 | +€6,000 | |
| Amounts payable | 17/49 | €713,175 | €771,968 | +€58,794 | +8.2% |
| Amounts payable after more than one year | 17 | €126,309 | €224,699 | +€98,390 | +77.9% |
| Financial debts | 170/4 | €126,309 | €224,699 | +€98,390 | +77.9% |
| Amounts payable within one year | 42/48 | €586,866 | €542,310 | -€44,556 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €31,755 | €53,505 | +€21,750 | +68.5% |
| Trade debts | 44 | €200,314 | €168,779 | -€31,535 | -15.7% |
| Suppliers | 440/4 | €200,314 | €168,779 | -€31,535 | -15.7% |
| Taxes, remuneration and social security | 45 | €281,404 | €294,652 | +€13,248 | +4.7% |
| Taxes | 450/3 | €194,567 | €176,289 | -€18,279 | -9.4% |
| Remuneration and social security | 454/9 | €86,836 | €118,363 | +€31,527 | +36.3% |
| Other amounts payable | 47/48 | €73,393 | €25,374 | -€48,019 | -65.4% |
| Accrued charges and deferred income | 492/3 | €0 | €4,960 | +€4,960 | |
| Non-recurring operating income | 76A | €0 | €265 | +€265 | |
| Remuneration, social security and pensions | 62 | €693,835 | €841,510 | +€147,675 | +21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250,077 | €274,557 | +€24,480 | +9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€17,872 | €0 | +€17,872 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €6,000 | +€6,000 | |
| Other operating charges | 640/8 | €100,744 | €128,684 | +€27,940 | +27.7% |
| Non-recurring operating charges | 66A | - | €2,551 | +€2,551 | |
| Gross operating margin | 9900 | €1,212,880 | €1,486,537 | +€273,658 | +22.6% |
| Operating profit (loss) | 9901 | €186,096 | €233,235 | +€47,140 | +25.3% |
| Financial income | 75/76B | €8,440 | €2,100 | -€6,340 | -75.1% |
| Recurring financial income | 75 | €8,440 | €2,100 | -€6,340 | -75.1% |
| Financial charges | 65/66B | €9,392 | €12,459 | +€3,067 | +32.7% |
| Recurring financial charges | 65 | €9,392 | €12,459 | +€3,067 | +32.7% |
| Profit (loss) for the period before taxes | 9903 | €185,143 | €222,876 | +€37,733 | +20.4% |
| Income taxes | 67/77 | €61,696 | €71,162 | +€9,466 | +15.3% |
| Profit (loss) for the period | 9904 | €123,447 | €151,714 | +€28,267 | +22.9% |
| Profit (loss) for the period to be appropriated | 9905 | €123,447 | €151,714 | +€28,267 | +22.9% |
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 8 October 2026 via checked.be.