FinFides: 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.
FinFides
Largest movements
- Tangible fixed assets +€99,465
up €99,465 (+27.1%), from €367,130 to €466,595
of which Assets under construction and advance payments: +€95,313
- Cash -€38,402
down €38,402 (-45.0%), from €85,311 to €46,909
mainly Investment in fixed assets (net) (-€99,659) and Debts after one year (-€94,352)
- Current portion of long-term debt +€119,136
up €119,136 (+457.0%), from €26,067 to €145,203
- Debts after one year -€94,352
down €94,352 (-46.7%), from €202,080 to €107,728
- Reserves +€45,379
up €45,379 (+27.9%), from €162,616 to €207,995
- Other debts -€7,056
down €7,056 (-21.2%), from €33,350 to €26,294
- Gross operating margin -€47,828
down €47,828 (-40.2%), from €119,096 to €71,267
- Taxes -€12,358
down €12,358 (-49.3%), from €25,075 to €12,717
- Financial income -€4,056
down €4,056 (-93.6%), from €4,334 to €277
of which Non-recurring financial income: -€3,603
- Financial charges +€2,865
up €2,865 (+32.0%), from €8,961 to €11,825
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 | €455,664 | €518,267 | +€62,603 | +13.7% |
| Fixed assets | 21/28 | €367,130 | €466,595 | +€99,465 | +27.1% |
| Tangible fixed assets | 22/27 | €367,130 | €466,595 | +€99,465 | +27.1% |
| Land and buildings | 22 | €68,115 | €68,115 | = | 0.0% |
| Furniture and vehicles | 24 | €195 | €0 | -€195 | -100.0% |
| Other tangible fixed assets | 26 | €6,900 | €11,246 | +€4,346 | +63.0% |
| Assets under construction and advance payments | 27 | €291,920 | €387,233 | +€95,313 | +32.7% |
| Current assets | 29/58 | €88,534 | €51,672 | -€36,862 | -41.6% |
| Amounts receivable within one year | 40/41 | €60 | €0 | -€60 | -100.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €60 | €0 | -€60 | -100.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €85,311 | €46,909 | -€38,402 | -45.0% |
| Deferred charges and accrued income | 490/1 | €3,163 | €4,763 | +€1,600 | +50.6% |
| Total equity and liabilities | 10/49 | €455,664 | €518,267 | +€62,603 | +13.7% |
| Equity | 10/15 | €181,216 | €226,595 | +€45,379 | +25.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €162,616 | €207,995 | +€45,379 | +27.9% |
| Distributable reserves | 133 | €162,616 | €207,995 | +€45,379 | +27.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €274,448 | €291,671 | +€17,224 | +6.3% |
| Amounts payable after more than one year | 17 | €202,080 | €107,728 | -€94,352 | -46.7% |
| Financial debts | 170/4 | €202,080 | €107,728 | -€94,352 | -46.7% |
| Amounts payable within one year | 42/48 | €70,320 | €182,213 | +€111,893 | +159.1% |
| Current portion of amounts payable after more than one year | 42 | €26,067 | €145,203 | +€119,136 | +457.0% |
| Financial debts | 43 | €15 | €0 | -€15 | -100.0% |
| Credit institutions | 430/8 | €15 | €0 | -€15 | -100.0% |
| Trade debts | 44 | €1,308 | €1,796 | +€488 | +37.3% |
| Suppliers | 440/4 | €1,308 | €1,796 | +€488 | +37.3% |
| Taxes, remuneration and social security | 45 | €9,581 | €8,921 | -€661 | -6.9% |
| Taxes | 450/3 | €9,581 | €8,921 | -€661 | -6.9% |
| Other amounts payable | 47/48 | €33,350 | €26,294 | -€7,056 | -21.2% |
| Accrued charges and deferred income | 492/3 | €2,048 | €1,730 | -€317 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €622 | €195 | -€428 | -68.7% |
| Other operating charges | 640/8 | €1,366 | €1,429 | +€63 | +4.6% |
| Non-recurring operating charges | 66A | €3,031 | €0 | -€3,031 | -100.0% |
| Gross operating margin | 9900 | €119,096 | €71,267 | -€47,828 | -40.2% |
| Operating profit (loss) | 9901 | €114,077 | €69,644 | -€44,433 | -38.9% |
| Financial income | 75/76B | €4,334 | €277 | -€4,056 | -93.6% |
| Recurring financial income | 75 | €731 | €277 | -€454 | -62.1% |
| Non-recurring financial income | 76B | €3,603 | €0 | -€3,603 | -100.0% |
| Financial charges | 65/66B | €8,961 | €11,825 | +€2,865 | +32.0% |
| Recurring financial charges | 65 | €8,961 | €11,825 | +€2,865 | +32.0% |
| Profit (loss) for the period before taxes | 9903 | €109,450 | €58,096 | -€51,354 | -46.9% |
| Income taxes | 67/77 | €25,075 | €12,717 | -€12,358 | -49.3% |
| Profit (loss) for the period | 9904 | €84,375 | €45,379 | -€38,996 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €84,375 | €45,379 | -€38,996 | -46.2% |
Source: filed annual accounts (NBB), financial 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.