FINEZ: 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.
FINEZ
Largest movements
- Cash +€43,389
up €43,389 (+153.2%), from €28,325 to €71,714
mainly Net result for the year (+€72,275) and Other debts (+€35,446)
- Receivables within one year -€14,045
down €14,045 (-49.2%), from €28,565 to €14,520
of which Trade receivables: -€13,921
- Deferred charges and accrued income +€5,650
new in 2025: €5,650
- Profit (loss) carried forward -€104,958
down €104,958 (-100.0%), from €104,958 to €0
- Reserves +€104,733
new in 2025: €104,733
- Other debts +€35,446
up €35,446 (+11471.6%), from €309 to €35,755
- Financial income +€6,577
up €6,577 (+32.2%), from €20,400 to €26,977
- Gross operating margin -€1,426
down €1,426 (-2.2%), from €64,545 to €63,119
- Depreciation +€665
up €665 (+18.8%), from €3,546 to €4,212
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 | €218,336 | €255,966 | +€37,630 | +17.2% |
| Fixed assets | 21/28 | €61,446 | €64,082 | +€2,636 | +4.3% |
| Tangible fixed assets | 22/27 | €7,896 | €10,432 | +€2,536 | +32.1% |
| Plant, machinery and equipment | 23 | €881 | €242 | -€640 | -72.6% |
| Furniture and vehicles | 24 | €4,095 | €8,413 | +€4,318 | +105.5% |
| Other tangible fixed assets | 26 | €2,920 | €1,777 | -€1,143 | -39.1% |
| Financial fixed assets | 28 | €53,550 | €53,650 | +€100 | +0.2% |
| Current assets | 29/58 | €156,890 | €191,884 | +€34,994 | +22.3% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,565 | €14,520 | -€14,045 | -49.2% |
| Trade receivables | 40 | €28,441 | €14,520 | -€13,921 | -48.9% |
| Other amounts receivable | 41 | €124 | €0 | -€124 | -100.0% |
| Cash at bank and in hand | 54/58 | €28,325 | €71,714 | +€43,389 | +153.2% |
| Deferred charges and accrued income | 490/1 | - | €5,650 | +€5,650 | |
| Total equity and liabilities | 10/49 | €218,336 | €255,966 | +€37,630 | +17.2% |
| Equity | 10/15 | €107,458 | €107,233 | -€225 | -0.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €104,733 | +€104,733 | |
| Distributable reserves | 133 | - | €104,733 | +€104,733 | |
| Profit (loss) carried forward | 14 | €104,958 | €0 | -€104,958 | -100.0% |
| Amounts payable | 17/49 | €110,877 | €148,733 | +€37,855 | +34.1% |
| Amounts payable after more than one year | 17 | €99,980 | €99,980 | = | 0.0% |
| Financial debts | 170/4 | €99,980 | €99,980 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,897 | €48,753 | +€37,855 | +347.4% |
| Trade debts | 44 | €1,434 | €1,592 | +€158 | +11.0% |
| Suppliers | 440/4 | €1,434 | €1,592 | +€158 | +11.0% |
| Taxes, remuneration and social security | 45 | €9,154 | €11,406 | +€2,251 | +24.6% |
| Taxes | 450/3 | €9,154 | €11,406 | +€2,251 | +24.6% |
| Other amounts payable | 47/48 | €309 | €35,755 | +€35,446 | +11471.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,546 | €4,212 | +€665 | +18.8% |
| Other operating charges | 640/8 | €760 | €691 | -€69 | -9.1% |
| Gross operating margin | 9900 | €64,545 | €63,119 | -€1,426 | -2.2% |
| Operating profit (loss) | 9901 | €60,239 | €58,217 | -€2,023 | -3.4% |
| Financial income | 75/76B | €20,400 | €26,977 | +€6,577 | +32.2% |
| Recurring financial income | 75 | €20,400 | €26,977 | +€6,577 | +32.2% |
| Financial charges | 65/66B | €1,042 | €688 | -€355 | -34.0% |
| Recurring financial charges | 65 | €1,042 | €688 | -€355 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €79,597 | €84,506 | +€4,909 | +6.2% |
| Income taxes | 67/77 | €12,876 | €12,231 | -€645 | -5.0% |
| Profit (loss) for the period | 9904 | €66,721 | €72,275 | +€5,554 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,721 | €72,275 | +€5,554 | +8.3% |
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 9 October 2026 via checked.be.