FINIOREM: 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.
FINIOREM
Largest movements
- Receivables within one year +€11,491
up €11,491 (+36.9%), from €31,139 to €42,630
of which Trade receivables: +€7,695
- Cash +€5,716
up €5,716 (+101.9%), from €5,609 to €11,325
mainly Net result for the year (+€17,720) and Depreciation (+€12,102)
- Tangible fixed assets -€3,673
down €3,673 (-9.3%), from €39,548 to €35,875
of which Furniture and vehicles: -€4,165
- Profit (loss) carried forward +€16,861
up €16,861 (+65.4%), from €25,762 to €42,622
- Debts after one year -€7,376
down €7,376 (-28.2%), from €26,185 to €18,810
- Current portion of long-term debt +€3,340
up €3,340 (+39.0%), from €8,573 to €11,913
- Gross operating margin +€4,995
up €4,995 (+16.6%), from €30,121 to €35,117
- Taxes +€1,020
up €1,020 (+27.2%), from €3,749 to €4,769
- Depreciation +€727
up €727 (+6.4%), from €11,375 to €12,102
- Other operating charges -€385
down €385 (-59.8%), from €644 to €259
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 | €77,350 | €91,625 | +€14,274 | +18.5% |
| Fixed assets | 21/28 | €39,548 | €35,875 | -€3,673 | -9.3% |
| Tangible fixed assets | 22/27 | €39,548 | €35,875 | -€3,673 | -9.3% |
| Plant, machinery and equipment | 23 | - | €492 | +€492 | |
| Furniture and vehicles | 24 | €39,548 | €35,383 | -€4,165 | -10.5% |
| Current assets | 29/58 | €37,803 | €55,750 | +€17,948 | +47.5% |
| Amounts receivable within one year | 40/41 | €31,139 | €42,630 | +€11,491 | +36.9% |
| Trade receivables | 40 | €4,851 | €12,546 | +€7,695 | +158.6% |
| Other amounts receivable | 41 | €26,287 | €30,084 | +€3,796 | +14.4% |
| Cash at bank and in hand | 54/58 | €5,609 | €11,325 | +€5,716 | +101.9% |
| Deferred charges and accrued income | 490/1 | €1,055 | €1,795 | +€741 | +70.2% |
| Total equity and liabilities | 10/49 | €77,350 | €91,625 | +€14,274 | +18.5% |
| Equity | 10/15 | €27,762 | €44,622 | +€16,861 | +60.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,762 | €42,622 | +€16,861 | +65.4% |
| Amounts payable | 17/49 | €49,589 | €47,003 | -€2,586 | -5.2% |
| Amounts payable after more than one year | 17 | €26,185 | €18,810 | -€7,376 | -28.2% |
| Financial debts | 170/4 | €26,185 | €18,810 | -€7,376 | -28.2% |
| Amounts payable within one year | 42/48 | €23,404 | €28,193 | +€4,789 | +20.5% |
| Current portion of amounts payable after more than one year | 42 | €8,573 | €11,913 | +€3,340 | +39.0% |
| Trade debts | 44 | €246 | €930 | +€684 | +277.9% |
| Suppliers | 440/4 | €246 | €930 | +€684 | +277.9% |
| Taxes, remuneration and social security | 45 | €14,584 | €15,092 | +€508 | +3.5% |
| Taxes | 450/3 | €14,584 | €15,092 | +€508 | +3.5% |
| Other amounts payable | 47/48 | €0 | €258 | +€258 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,375 | €12,102 | +€727 | +6.4% |
| Other operating charges | 640/8 | €644 | €259 | -€385 | -59.8% |
| Non-recurring operating charges | 66A | - | €268 | +€268 | |
| Gross operating margin | 9900 | €30,121 | €35,117 | +€4,995 | +16.6% |
| Operating profit (loss) | 9901 | €18,102 | €22,487 | +€4,385 | +24.2% |
| Financial income | 75/76B | €1,071 | €1,395 | +€324 | +30.2% |
| Recurring financial income | 75 | €1,071 | €1,395 | +€324 | +30.2% |
| Financial charges | 65/66B | €1,607 | €1,393 | -€213 | -13.3% |
| Recurring financial charges | 65 | €1,607 | €1,393 | -€213 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €17,567 | €22,489 | +€4,922 | +28.0% |
| Income taxes | 67/77 | €3,749 | €4,769 | +€1,020 | +27.2% |
| Profit (loss) for the period | 9904 | €13,818 | €17,720 | +€3,902 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,818 | €17,720 | +€3,902 | +28.2% |
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 12 October 2026 via checked.be.