FINIMO: what changed
What changed
FINIMO
NACE 84.119, Public administration and defence; compulsory social security
filed annual accounts (NBB)
Net result for the year
€3.7m
2024 · €4.2m-€484,753
Equity
€106.3m
2024 · €104.1m+€2.2m
Cash
€18.7m
2024 · €16.3m+€2.4m
Balance sheet total
€121.1m
2024 · €120.4m+€659,117
Largest movements
Assets
- Cash +€2.4m
up €2.4m (+14.6%), from €16.3m to €18.7m
mainly Net result for the year (+€3.7m) and Receivables within one year (+€1.8m)
- Receivables within one year -€1.8m
down €1.8m (-57.5%), from €3.0m to €1.3m
of which Other amounts receivable: -€1.8m
Equity and liabilities
- Reserves +€2.2m
up €2.2m (+4.1%), from €53.9m to €56.1m
of which Distributable reserves: +€2.2m
- Debts after one year -€1.5m
down €1.5m (-10.2%), from €14.4m to €12.9m
Income statement
- Financial income -€449,941
down €449,941 (-9.7%), from €4.7m to €4.2m
- Gross operating margin -€43,272
down €43,272 (-56.9%), from -€76,020 to -€119,292
- Financial charges -€14,544
down €14,544 (-8.0%), from €182,583 to €168,039
- Staff costs +€6,871
up €6,871 (+3.8%), from €182,574 to €189,445
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€4.2m
Gross operating margin
-€43,272
Staff costs
-€6,871
Depreciation
-€142
Other operating charges
+€929
Financial income
-€449,941
Financial charges
+€14,544
Result 2025
€3.7m
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€5.4m
Investment
-€41,000
Financing
-€2.9m
Cash 2024
€16.3m
From operations (derived)
+€5.4m
Net result for the year
+€3.7m
Depreciation
+€1,196
Receivables within one year
+€1.8m
Smaller working-capital items
-€3,429
Trade debts
+€19,831
Other debts
-€127,744
Investment (derived)
-€41,000
Investment in fixed assets (net)
-€41,000
Financing
-€2.9m
Debts after one year
-€1.5m
Current portion of long-term debt
+€16,533
Contributions, distributions and other
-€1.5m
Cash 2025
€18.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,424,392 | €121,083,508 | +€659,117 | +0.5% |
| Fixed assets | 21/28 | €101,066,122 | €101,105,926 | +€39,804 | 0.0% |
| Tangible fixed assets | 22/27 | €2,534 | €1,338 | -€1,196 | -47.2% |
| Furniture and vehicles | 24 | €2,534 | €1,338 | -€1,196 | -47.2% |
| Financial fixed assets | 28 | €101,063,588 | €101,104,588 | +€41,000 | 0.0% |
| Current assets | 29/58 | €19,358,270 | €19,977,582 | +€619,312 | +3.2% |
| Amounts receivable within one year | 40/41 | €3,047,674 | €1,294,817 | -€1.8m | -57.5% |
| Trade receivables | 40 | €197 | - | -€197 | |
| Other amounts receivable | 41 | €3,047,477 | €1,294,817 | -€1.8m | -57.5% |
| Cash at bank and in hand | 54/58 | €16,296,011 | €18,673,629 | +€2.4m | +14.6% |
| Deferred charges and accrued income | 490/1 | €14,584 | €9,137 | -€5,448 | -37.4% |
| Total equity and liabilities | 10/49 | €120,424,392 | €121,083,508 | +€659,117 | +0.5% |
| Equity | 10/15 | €104,099,853 | €106,325,424 | +€2.2m | +2.1% |
| Contributions | 10/11 | €50,210,798 | €50,210,798 | = | 0.0% |
| Reserves | 13 | €53,889,055 | €56,114,626 | +€2.2m | +4.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €53,887,195 | €56,112,766 | +€2.2m | +4.1% |
| Amounts payable | 17/49 | €16,324,538 | €14,758,084 | -€1.6m | -9.6% |
| Amounts payable after more than one year | 17 | €14,387,617 | €12,921,421 | -€1.5m | -10.2% |
| Financial debts | 170/4 | €14,387,617 | €12,921,421 | -€1.5m | -10.2% |
| Amounts payable within one year | 42/48 | €1,930,919 | €1,831,487 | -€99,432 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €1,751,925 | €1,768,457 | +€16,533 | +0.9% |
| Trade debts | 44 | €9,765 | €29,596 | +€19,831 | +203% |
| Suppliers | 440/4 | €9,765 | €29,596 | +€19,831 | +203% |
| Taxes, remuneration and social security | 45 | €38,010 | €29,959 | -€8,051 | -21.2% |
| Taxes | 450/3 | €11,084 | €4,116 | -€6,968 | -62.9% |
| Remuneration and social security | 454/9 | €26,926 | €25,843 | -€1,083 | -4.0% |
| Other amounts payable | 47/48 | €131,219 | €3,475 | -€127,744 | -97.4% |
| Accrued charges and deferred income | 492/3 | €6,002 | €5,176 | -€826 | -13.8% |
| Remuneration, social security and pensions | 62 | €182,574 | €189,445 | +€6,871 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,054 | €1,196 | +€142 | +13.5% |
| Other operating charges | 640/8 | €1,928 | €998 | -€929 | -48.2% |
| Gross operating margin | 9900 | -€76,020 | -€119,292 | -€43,272 | -56.9% |
| Operating profit (loss) | 9901 | -€261,575 | -€310,931 | -€49,356 | -18.9% |
| Financial income | 75/76B | €4,654,482 | €4,204,541 | -€449,941 | -9.7% |
| Recurring financial income | 75 | €4,654,482 | €4,204,541 | -€449,941 | -9.7% |
| Financial charges | 65/66B | €182,583 | €168,039 | -€14,544 | -8.0% |
| Recurring financial charges | 65 | €182,583 | €168,039 | -€14,544 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €4,210,324 | €3,725,571 | -€484,753 | -11.5% |
| Profit (loss) for the period | 9904 | €4,210,324 | €3,725,571 | -€484,753 | -11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,210,324 | €3,725,571 | -€484,753 | -11.5% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.