FINIMA: 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.
FINIMA
Largest movements
- Current investments -€160,168
down €160,168 (-79.1%), from €202,593 to €42,425
- Tangible fixed assets +€89,423
up €89,423 (+36.8%), from €243,053 to €332,476
of which Land and buildings: +€89,085
- Cash +€65,080
up €65,080 (+86.2%), from €75,523 to €140,603
mainly Current investments (+€160,168) and Other debts (+€21,091)
- Reserves -€23,747
down €23,747 (-10.9%), from €218,805 to €195,059
of which Distributable reserves: -€19,500
- Other debts +€21,091
up €21,091 (+11.1%), from €189,341 to €210,432
- Gross operating margin -€9,601
down €9,601 (-45.1%), from €21,295 to €11,694
- Financial charges -€2,933
down €2,933 (-91.9%), from €3,190 to €257
- Taxes -€1,343
no longer reported in 2025 (was €1,343)
- Depreciation +€1,090
up €1,090 (+5.8%), from €18,724 to €19,814
- Other operating charges -€464
down €464 (-14.3%), from €3,237 to €2,772
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 | €522,264 | €517,597 | -€4,668 | -0.9% |
| Fixed assets | 21/28 | €243,223 | €332,476 | +€89,253 | +36.7% |
| Tangible fixed assets | 22/27 | €243,053 | €332,476 | +€89,423 | +36.8% |
| Land and buildings | 22 | €230,801 | €319,886 | +€89,085 | +38.6% |
| Plant, machinery and equipment | 23 | €560 | €898 | +€338 | +60.3% |
| Other tangible fixed assets | 26 | €11,692 | €11,692 | = | 0.0% |
| Financial fixed assets | 28 | €170 | - | -€170 | |
| Current assets | 29/58 | €279,041 | €185,121 | -€93,920 | -33.7% |
| Amounts receivable within one year | 40/41 | €397 | €2,093 | +€1,696 | +427.4% |
| Other amounts receivable | 41 | €397 | €2,093 | +€1,696 | +427.4% |
| Current investments | 50/53 | €202,593 | €42,425 | -€160,168 | -79.1% |
| Cash at bank and in hand | 54/58 | €75,523 | €140,603 | +€65,080 | +86.2% |
| Deferred charges and accrued income | 490/1 | €528 | - | -€528 | |
| Total equity and liabilities | 10/49 | €522,264 | €517,597 | -€4,668 | -0.9% |
| Equity | 10/15 | €285,757 | €260,764 | -€24,993 | -8.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €218,805 | €195,059 | -€23,747 | -10.9% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €134,874 | €130,627 | -€4,247 | -3.1% |
| Distributable reserves | 133 | €77,781 | €58,281 | -€19,500 | -25.1% |
| Profit (loss) carried forward | 14 | €5,452 | €4,205 | -€1,246 | -22.9% |
| Provisions and deferred taxes | 16 | €46,745 | €45,127 | -€1,618 | -3.5% |
| Deferred taxes | 168 | €46,745 | €45,127 | -€1,618 | -3.5% |
| Amounts payable | 17/49 | €189,763 | €211,706 | +€21,943 | +11.6% |
| Amounts payable within one year | 42/48 | €189,341 | €211,312 | +€21,971 | +11.6% |
| Trade debts | 44 | - | €880 | +€880 | |
| Suppliers | 440/4 | - | €880 | +€880 | |
| Other amounts payable | 47/48 | €189,341 | €210,432 | +€21,091 | +11.1% |
| Accrued charges and deferred income | 492/3 | €422 | €395 | -€27 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,724 | €19,814 | +€1,090 | +5.8% |
| Other operating charges | 640/8 | €3,237 | €2,772 | -€464 | -14.3% |
| Gross operating margin | 9900 | €21,295 | €11,694 | -€9,601 | -45.1% |
| Operating profit (loss) | 9901 | -€665 | -€10,892 | -€10,226 | -1537.3% |
| Financial income | 75/76B | €3,604 | €4,038 | +€434 | +12.0% |
| Recurring financial income | 75 | €3,604 | €4,038 | +€434 | +12.0% |
| Financial charges | 65/66B | €3,190 | €257 | -€2,933 | -91.9% |
| Recurring financial charges | 65 | €3,190 | €257 | -€2,933 | -91.9% |
| Profit (loss) for the period before taxes | 9903 | -€251 | -€7,111 | -€6,860 | -2727.9% |
| Transfer from deferred taxes | 780 | €1,387 | €1,618 | +€230 | +16.6% |
| Income taxes | 67/77 | €1,343 | - | -€1,343 | |
| Profit (loss) for the period | 9904 | -€207 | -€5,493 | -€5,286 | -2548.6% |
| Transfer from tax-exempt reserves | 789 | €3,555 | €4,247 | +€691 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,348 | -€1,246 | -€4,595 |
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 5 October 2026 via checked.be.