FINIS: 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.
FINIS
Largest movements
- Tangible fixed assets +€37,048
up €37,048 (+440.3%), from €8,415 to €45,462
of which Plant, machinery and equipment: +€30,225
- Cash +€23,658
up €23,658 (+41.0%), from €57,681 to €81,339
mainly Debts after one year (+€24,464) and Net result for the year (+€17,931)
- Receivables within one year -€5,901
down €5,901 (-14.1%), from €41,706 to €35,805
of which Trade receivables: -€4,556
- Debts after one year +€24,464
new in 2025: €24,464
- Profit (loss) carried forward +€17,931
up €17,931 (+15.7%), from -€114,100 to -€96,169
- Current portion of long-term debt +€6,711
new in 2025: €6,711
- Other debts +€3,196
up €3,196 (+49.3%), from €6,488 to €9,685
- Tax, wage and social debts +€2,198
up €2,198 (+714.2%), from €308 to €2,506
- Gross operating margin -€4,054
down €4,054 (-9.5%), from €42,857 to €38,803
- Depreciation +€1,518
up €1,518 (+20.4%), from €7,442 to €8,960
- Financial charges +€701
up €701 (+90.8%), from €772 to €1,473
- Taxes -€648
down €648 (-6.3%), from €10,226 to €9,579
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 | €108,306 | €162,607 | +€54,301 | +50.1% |
| Fixed assets | 21/28 | €8,415 | €45,462 | +€37,048 | +440.3% |
| Tangible fixed assets | 22/27 | €8,415 | €45,462 | +€37,048 | +440.3% |
| Plant, machinery and equipment | 23 | €8,209 | €38,433 | +€30,225 | +368.2% |
| Furniture and vehicles | 24 | €206 | €7,029 | +€6,823 | +3313.9% |
| Current assets | 29/58 | €99,891 | €117,144 | +€17,253 | +17.3% |
| Amounts receivable within one year | 40/41 | €41,706 | €35,805 | -€5,901 | -14.1% |
| Trade receivables | 40 | €40,361 | €35,805 | -€4,556 | -11.3% |
| Other amounts receivable | 41 | €1,345 | - | -€1,345 | |
| Cash at bank and in hand | 54/58 | €57,681 | €81,339 | +€23,658 | +41.0% |
| Deferred charges and accrued income | 490/1 | €504 | - | -€504 | |
| Total equity and liabilities | 10/49 | €108,306 | €162,607 | +€54,301 | +50.1% |
| Equity | 10/15 | €80,266 | €98,197 | +€17,931 | +22.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175,767 | €175,767 | = | 0.0% |
| 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 | €173,907 | €173,907 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€114,100 | -€96,169 | +€17,931 | +15.7% |
| Amounts payable | 17/49 | €28,040 | €64,409 | +€36,370 | +129.7% |
| Amounts payable after more than one year | 17 | - | €24,464 | +€24,464 | |
| Financial debts | 170/4 | - | €24,464 | +€24,464 | |
| Amounts payable within one year | 42/48 | €28,040 | €39,547 | +€11,507 | +41.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,711 | +€6,711 | |
| Trade debts | 44 | €21,244 | €19,254 | -€1,989 | -9.4% |
| Suppliers | 440/4 | €21,244 | €19,254 | -€1,989 | -9.4% |
| Advances received on contracts in progress | 46 | - | €1,392 | +€1,392 | |
| Taxes, remuneration and social security | 45 | €308 | €2,506 | +€2,198 | +714.2% |
| Taxes | 450/3 | €308 | €2,506 | +€2,198 | +714.2% |
| Other amounts payable | 47/48 | €6,488 | €9,685 | +€3,196 | +49.3% |
| Accrued charges and deferred income | 492/3 | - | €399 | +€399 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,442 | €8,960 | +€1,518 | +20.4% |
| Other operating charges | 640/8 | €834 | €860 | +€26 | +3.1% |
| Gross operating margin | 9900 | €42,857 | €38,803 | -€4,054 | -9.5% |
| Operating profit (loss) | 9901 | €34,581 | €28,982 | -€5,599 | -16.2% |
| Financial income | 75/76B | €72 | - | -€72 | |
| Recurring financial income | 75 | €72 | - | -€72 | |
| Financial charges | 65/66B | €772 | €1,473 | +€701 | +90.8% |
| Recurring financial charges | 65 | €772 | €1,473 | +€701 | +90.8% |
| Profit (loss) for the period before taxes | 9903 | €33,881 | €27,510 | -€6,371 | -18.8% |
| Income taxes | 67/77 | €10,226 | €9,579 | -€648 | -6.3% |
| Profit (loss) for the period | 9904 | €23,655 | €17,931 | -€5,724 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,655 | €17,931 | -€5,724 | -24.2% |
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 2 October 2026 via checked.be.