FINICA: 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.
FINICA
Largest movements
- Cash -€49,560
down €49,560 (-41.3%), from €119,919 to €70,359
mainly Other debts (-€103,414) and Investment in fixed assets (net) (-€57,684)
- Tangible fixed assets -€37,583
down €37,583 (-18.1%), from €207,525 to €169,942
of which Land and buildings: -€37,537
- Receivables within one year +€14,890
up €14,890 (+219%), from €6,813 to €21,703
of which Trade receivables: +€15,270
- Current investments +€10,579
up €10,579 (+21.2%), from €50,000 to €60,579
- Other debts -€103,414
down €103,414 (-83.9%), from €123,229 to €19,815
- Debts after one year +€22,561
up €22,561 (+86.1%), from €26,214 to €48,775
- Reserves +€13,297
up €13,297 (+7.4%), from €180,833 to €194,129
- Current portion of long-term debt +€6,511
up €6,511 (+31.1%), from €20,928 to €27,439
- Accrued charges and deferred income -€5,462
down €5,462 (-81.8%), from €6,680 to €1,218
- Gross operating margin +€15,059
up €15,059 (+13.1%), from €114,761 to €129,820
- Other operating charges +€11,746
up €11,746 (+445%), from €2,642 to €14,388
- Financial charges -€5,866
down €5,866 (-57.3%), from €10,246 to €4,379
- Taxes +€1,899
up €1,899 (+52.8%), from €3,598 to €5,497
- Depreciation +€1,506
up €1,506 (+1.6%), from €93,761 to €95,266
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 | €384,363 | €323,204 | -€61,159 | -15.9% |
| Fixed assets | 21/28 | €207,525 | €169,942 | -€37,583 | -18.1% |
| Tangible fixed assets | 22/27 | €207,525 | €169,942 | -€37,583 | -18.1% |
| Land and buildings | 22 | €205,647 | €168,110 | -€37,537 | -18.3% |
| Furniture and vehicles | 24 | €1,878 | €1,833 | -€46 | -2.4% |
| Current assets | 29/58 | €176,838 | €153,262 | -€23,576 | -13.3% |
| Amounts receivable within one year | 40/41 | €6,813 | €21,703 | +€14,890 | +219% |
| Trade receivables | 40 | €6,432 | €21,703 | +€15,270 | +237% |
| Other amounts receivable | 41 | €380 | - | -€380 | |
| Current investments | 50/53 | €50,000 | €60,579 | +€10,579 | +21.2% |
| Cash at bank and in hand | 54/58 | €119,919 | €70,359 | -€49,560 | -41.3% |
| Deferred charges and accrued income | 490/1 | €106 | €620 | +€514 | +485% |
| Total equity and liabilities | 10/49 | €384,363 | €323,204 | -€61,159 | -15.9% |
| Equity | 10/15 | €199,433 | €212,729 | +€13,297 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €180,833 | €194,129 | +€13,297 | +7.4% |
| Distributable reserves | 133 | €180,833 | €194,129 | +€13,297 | +7.4% |
| Amounts payable | 17/49 | €184,930 | €110,474 | -€74,456 | -40.3% |
| Amounts payable after more than one year | 17 | €26,214 | €48,775 | +€22,561 | +86.1% |
| Financial debts | 170/4 | €26,214 | €48,775 | +€22,561 | +86.1% |
| Amounts payable within one year | 42/48 | €152,037 | €60,482 | -€91,555 | -60.2% |
| Current portion of amounts payable after more than one year | 42 | €20,928 | €27,439 | +€6,511 | +31.1% |
| Trade debts | 44 | €1,887 | €2,653 | +€766 | +40.6% |
| Suppliers | 440/4 | €1,887 | €2,653 | +€766 | +40.6% |
| Taxes, remuneration and social security | 45 | €5,992 | €10,575 | +€4,582 | +76.5% |
| Taxes | 450/3 | €5,992 | €10,575 | +€4,582 | +76.5% |
| Other amounts payable | 47/48 | €123,229 | €19,815 | -€103,414 | -83.9% |
| Accrued charges and deferred income | 492/3 | €6,680 | €1,218 | -€5,462 | -81.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,761 | €95,266 | +€1,506 | +1.6% |
| Other operating charges | 640/8 | €2,642 | €14,388 | +€11,746 | +445% |
| Gross operating margin | 9900 | €114,761 | €129,820 | +€15,059 | +13.1% |
| Operating profit (loss) | 9901 | €18,358 | €20,165 | +€1,807 | +9.8% |
| Financial income | 75/76B | €3,260 | €3,008 | -€252 | -7.7% |
| Recurring financial income | 75 | €3,260 | €3,008 | -€252 | -7.7% |
| Financial charges | 65/66B | €10,246 | €4,379 | -€5,866 | -57.3% |
| Recurring financial charges | 65 | €10,246 | €4,379 | -€5,866 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | €11,372 | €18,794 | +€7,422 | +65.3% |
| Income taxes | 67/77 | €3,598 | €5,497 | +€1,899 | +52.8% |
| Profit (loss) for the period | 9904 | €7,774 | €13,297 | +€5,522 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,774 | €13,297 | +€5,522 | +71.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.