FINFORMANCE: 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.
FINFORMANCE
Largest movements
- Tangible fixed assets -€165,759
down €165,759 (-7.5%), from €2.2m to €2.0m
of which Land and buildings: -€169,644
- Profit (loss) carried forward -€179,139
down €179,139 (-14.5%), from -€1.2m to -€1.4m
- Financial charges -€49,604
down €49,604 (-99.8%), from €49,682 to €78
- Financial income -€33,416
down €33,416 (-61.9%), from €54,017 to €20,600
- Gross operating margin -€5,111
down €5,111 (-35.6%), from -€14,369 to -€19,480
- Depreciation +€3,381
up €3,381 (+2.0%), from €169,493 to €172,874
- Other operating charges -€295
down €295 (-3.9%), from €7,602 to €7,307
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.
Derived cash bridge
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 | €5,218,280 | €5,044,199 | -€174,081 | -3.3% |
| Fixed assets | 21/28 | €3,766,011 | €3,600,253 | -€165,759 | -4.4% |
| Tangible fixed assets | 22/27 | €2,211,191 | €2,045,433 | -€165,759 | -7.5% |
| Land and buildings | 22 | €2,194,932 | €2,025,289 | -€169,644 | -7.7% |
| Furniture and vehicles | 24 | €16,259 | €20,144 | +€3,885 | +23.9% |
| Financial fixed assets | 28 | €1,554,820 | €1,554,820 | = | 0.0% |
| Current assets | 29/58 | €1,452,268 | €1,443,946 | -€8,322 | -0.6% |
| Amounts receivable within one year | 40/41 | €15,041 | €22,791 | +€7,750 | +51.5% |
| Trade receivables | 40 | €0 | €1,235 | +€1,235 | |
| Other amounts receivable | 41 | €15,041 | €21,556 | +€6,515 | +43.3% |
| Current investments | 50/53 | €1,300,000 | €1,250,000 | -€50,000 | -3.8% |
| Cash at bank and in hand | 54/58 | €125,240 | €169,185 | +€43,946 | +35.1% |
| Deferred charges and accrued income | 490/1 | €11,988 | €1,971 | -€10,018 | -83.6% |
| Total equity and liabilities | 10/49 | €5,218,280 | €5,044,199 | -€174,081 | -3.3% |
| Equity | 10/15 | €514,649 | €335,510 | -€179,139 | -34.8% |
| Contributions | 10/11 | €1,724,000 | €1,724,000 | = | 0.0% |
| Reserves | 13 | €24,000 | €24,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,000 | €24,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,233,351 | -€1,412,490 | -€179,139 | -14.5% |
| Amounts payable | 17/49 | €4,703,631 | €4,708,689 | +€5,058 | +0.1% |
| Amounts payable after more than one year | 17 | €2,500,000 | €2,500,000 | = | 0.0% |
| Financial debts | 170/4 | €2,500,000 | €2,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,203,431 | €2,202,489 | -€942 | 0.0% |
| Trade debts | 44 | €2,680 | €1,581 | -€1,100 | -41.0% |
| Suppliers | 440/4 | €2,680 | €1,581 | -€1,100 | -41.0% |
| Other amounts payable | 47/48 | €2,200,751 | €2,200,908 | +€158 | 0.0% |
| Accrued charges and deferred income | 492/3 | €200 | €6,200 | +€6,000 | +3,000% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,493 | €172,874 | +€3,381 | +2.0% |
| Other operating charges | 640/8 | €7,602 | €7,307 | -€295 | -3.9% |
| Gross operating margin | 9900 | -€14,369 | -€19,480 | -€5,111 | -35.6% |
| Operating profit (loss) | 9901 | -€191,464 | -€199,661 | -€8,197 | -4.3% |
| Financial income | 75/76B | €54,017 | €20,600 | -€33,416 | -61.9% |
| Recurring financial income | 75 | €54,017 | €20,600 | -€33,416 | -61.9% |
| Financial charges | 65/66B | €49,682 | €78 | -€49,604 | -99.8% |
| Recurring financial charges | 65 | €49,682 | €78 | -€49,604 | -99.8% |
| Profit (loss) for the period before taxes | 9903 | -€187,130 | -€179,139 | +€7,991 | +4.3% |
| Profit (loss) for the period | 9904 | -€187,130 | -€179,139 | +€7,991 | +4.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€187,130 | -€179,139 | +€7,991 | +4.3% |
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 15 October 2026 via checked.be.