FINISTA: 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.
FINISTA
Largest movements
- Intangible fixed assets -€89,774
down €89,774 (-15.6%), from €576,397 to €486,623
- Receivables within one year -€81,818
down €81,818 (-61.0%), from €134,156 to €52,339
of which Other amounts receivable: -€76,370
- Cash -€62,954
down €62,954 (-67.2%), from €93,694 to €30,741
mainly Other debts (-€111,807) and Debts after one year (-€103,197)
- Tangible fixed assets -€24,542
down €24,542 (-6.0%), from €408,823 to €384,281
of which Land and buildings: -€20,893
- Other debts -€111,807
down €111,807 (-62.1%), from €180,000 to €68,193
- Debts after one year -€103,197
down €103,197 (-12.1%), from €849,843 to €746,646
- Profit (loss) carried forward -€28,405
down €28,405, from €15,366 to -€13,039
- Staff costs +€39,716
up €39,716 (+18.0%), from €221,231 to €260,946
- Gross operating margin +€19,369
up €19,369 (+4.2%), from €460,983 to €480,352
- Depreciation -€11,361
down €11,361 (-8.7%), from €129,852 to €118,490
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 | €1,217,968 | €957,427 | -€260,541 | -21.4% |
| Fixed assets | 21/28 | €985,220 | €870,904 | -€114,316 | -11.6% |
| Intangible fixed assets | 21 | €576,397 | €486,623 | -€89,774 | -15.6% |
| Tangible fixed assets | 22/27 | €408,823 | €384,281 | -€24,542 | -6.0% |
| Land and buildings | 22 | €383,473 | €362,580 | -€20,893 | -5.4% |
| Plant, machinery and equipment | 23 | €6,187 | €8,513 | +€2,326 | +37.6% |
| Furniture and vehicles | 24 | €19,163 | €13,188 | -€5,975 | -31.2% |
| Current assets | 29/58 | €232,748 | €86,523 | -€146,225 | -62.8% |
| Amounts receivable within one year | 40/41 | €134,156 | €52,339 | -€81,818 | -61.0% |
| Trade receivables | 40 | €55,799 | €50,352 | -€5,447 | -9.8% |
| Other amounts receivable | 41 | €78,357 | €1,987 | -€76,370 | -97.5% |
| Cash at bank and in hand | 54/58 | €93,694 | €30,741 | -€62,954 | -67.2% |
| Deferred charges and accrued income | 490/1 | €4,898 | €3,444 | -€1,454 | -29.7% |
| Total equity and liabilities | 10/49 | €1,217,968 | €957,427 | -€260,541 | -21.4% |
| Equity | 10/15 | €25,366 | -€3,039 | -€28,405 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,366 | -€13,039 | -€28,405 | |
| Amounts payable | 17/49 | €1,192,602 | €960,466 | -€232,136 | -19.5% |
| Amounts payable after more than one year | 17 | €849,843 | €746,646 | -€103,197 | -12.1% |
| Financial debts | 170/4 | €849,843 | €746,646 | -€103,197 | -12.1% |
| Amounts payable within one year | 42/48 | €341,843 | €212,696 | -€129,148 | -37.8% |
| Current portion of amounts payable after more than one year | 42 | €101,443 | €103,197 | +€1,754 | +1.7% |
| Trade debts | 44 | €20,338 | €12,159 | -€8,179 | -40.2% |
| Suppliers | 440/4 | €20,338 | €12,159 | -€8,179 | -40.2% |
| Taxes, remuneration and social security | 45 | €40,062 | €29,147 | -€10,915 | -27.2% |
| Taxes | 450/3 | €2,369 | €0 | -€2,369 | -100% |
| Remuneration and social security | 454/9 | €37,693 | €29,147 | -€8,546 | -22.7% |
| Other amounts payable | 47/48 | €180,000 | €68,193 | -€111,807 | -62.1% |
| Accrued charges and deferred income | 492/3 | €916 | €1,125 | +€209 | +22.8% |
| Remuneration, social security and pensions | 62 | €221,231 | €260,946 | +€39,716 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €129,852 | €118,490 | -€11,361 | -8.7% |
| Other operating charges | 640/8 | €3,777 | €2,734 | -€1,043 | -27.6% |
| Gross operating margin | 9900 | €460,983 | €480,352 | +€19,369 | +4.2% |
| Operating profit (loss) | 9901 | €106,124 | €98,181 | -€7,943 | -7.5% |
| Financial income | 75/76B | €4,088 | €39 | -€4,048 | -99.0% |
| Recurring financial income | 75 | €4,088 | €39 | -€4,048 | -99.0% |
| Financial charges | 65/66B | €24,107 | €23,612 | -€495 | -2.1% |
| Recurring financial charges | 65 | €24,107 | €23,612 | -€495 | -2.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €86,104 | €74,608 | -€11,496 | -13.4% |
| Income taxes | 67/77 | €21,369 | €18,013 | -€3,356 | -15.7% |
| Profit (loss) for the period | 9904 | €64,735 | €56,595 | -€8,140 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €64,735 | €56,595 | -€8,140 | -12.6% |
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 30 October 2026 via checked.be.