FINIMAX: 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.
FINIMAX
Largest movements
- Receivables within one year +€27,467
up €27,467 (+17.8%), from €154,609 to €182,076
of which Other amounts receivable: +€27,566
- Tangible fixed assets -€22,756
down €22,756 (-4.5%), from €507,031 to €484,275
of which Land and buildings: -€20,114
- Reserves +€21,668
up €21,668 (+1.2%), from €1.8m to €1.8m
of which Non-distributable reserves: +€21,668
- Financial income +€33,546
up €33,546 (+181%), from €18,529 to €52,074
- Taxes +€2,274
up €2,274 (+116%), from €1,958 to €4,233
- Gross operating margin -€597
down €597 (-13.9%), from €4,281 to €3,684
- Depreciation -€403
down €403 (-1.6%), from €24,507 to €24,103
- Financial charges -€83
down €83 (-4.5%), from €1,836 to €1,754
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 | €1,946,911 | €1,961,509 | +€14,598 | +0.7% |
| Fixed assets | 21/28 | €507,031 | €484,275 | -€22,756 | -4.5% |
| Tangible fixed assets | 22/27 | €507,031 | €484,275 | -€22,756 | -4.5% |
| Land and buildings | 22 | €481,519 | €461,405 | -€20,114 | -4.2% |
| Plant, machinery and equipment | 23 | €2,349 | €1,856 | -€493 | -21.0% |
| Furniture and vehicles | 24 | €9,014 | €6,866 | -€2,148 | -23.8% |
| Other tangible fixed assets | 26 | €14,148 | €14,148 | = | 0.0% |
| Current assets | 29/58 | €1,439,880 | €1,477,234 | +€37,355 | +2.6% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €154,609 | €182,076 | +€27,467 | +17.8% |
| Trade receivables | 40 | €98 | - | -€98 | |
| Other amounts receivable | 41 | €154,510 | €182,076 | +€27,566 | +17.8% |
| Current investments | 50/53 | €1,236,270 | €1,247,464 | +€11,194 | +0.9% |
| Cash at bank and in hand | 54/58 | €4,951 | €5,502 | +€551 | +11.1% |
| Deferred charges and accrued income | 490/1 | €14,050 | €12,192 | -€1,858 | -13.2% |
| Total equity and liabilities | 10/49 | €1,946,911 | €1,961,509 | +€14,598 | +0.7% |
| Equity | 10/15 | €1,834,023 | €1,855,692 | +€21,668 | +1.2% |
| Contributions | 10/11 | €76,782 | €76,782 | = | 0.0% |
| Reserves | 13 | €1,757,242 | €1,778,910 | +€21,668 | +1.2% |
| Non-distributable reserves | 130/1 | €480,194 | €501,862 | +€21,668 | +4.5% |
| Other | 1319 | €480,194 | €501,862 | +€21,668 | +4.5% |
| Tax-exempt reserves | 132 | €76 | €76 | = | 0.0% |
| Distributable reserves | 133 | €1,276,971 | €1,276,971 | = | 0.0% |
| Amounts payable | 17/49 | €112,888 | €105,818 | -€7,070 | -6.3% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,888 | €5,818 | -€7,070 | -54.9% |
| Trade debts | 44 | €12,163 | €5,645 | -€6,518 | -53.6% |
| Suppliers | 440/4 | €12,163 | €5,645 | -€6,518 | -53.6% |
| Taxes, remuneration and social security | 45 | €725 | €172 | -€552 | -76.2% |
| Taxes | 450/3 | €725 | €172 | -€552 | -76.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,507 | €24,103 | -€403 | -1.6% |
| Other operating charges | 640/8 | €4,001 | €4,001 | -€0 | 0.0% |
| Non-recurring operating charges | 66A | €476 | - | -€476 | |
| Gross operating margin | 9900 | €4,281 | €3,684 | -€597 | -13.9% |
| Operating profit (loss) | 9901 | -€24,703 | -€24,420 | +€283 | +1.1% |
| Financial income | 75/76B | €18,529 | €52,074 | +€33,546 | +181% |
| Recurring financial income | 75 | €18,529 | €52,074 | +€33,546 | +181% |
| Financial charges | 65/66B | €1,836 | €1,754 | -€83 | -4.5% |
| Recurring financial charges | 65 | €1,836 | €1,754 | -€83 | -4.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,010 | €25,901 | +€33,911 | |
| Income taxes | 67/77 | €1,958 | €4,233 | +€2,274 | +116% |
| Profit (loss) for the period | 9904 | -€9,969 | €21,668 | +€31,637 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,969 | €21,668 | +€31,637 |
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.