FINITURA: 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.
FINITURA
Largest movements
- Tangible fixed assets +€442,804
up €442,804 (+1365.4%), from €32,430 to €475,234
of which Land and buildings: +€417,365
- Stocks and contracts +€198,239
up €198,239 (+139.5%), from €142,157 to €340,396
- Cash -€86,277
down €86,277 (-65.9%), from €130,970 to €44,693
mainly Investment in fixed assets (net) (-€491,719) and Stocks and contracts (-€198,239)
- Receivables within one year +€37,815
up €37,815 (+61.7%), from €61,305 to €99,120
of which Trade receivables: +€28,000
- Debts after one year +€291,667
new in 2025: €291,667
- Other debts +€244,772
up €244,772 (+221.6%), from €110,448 to €355,220
- Current portion of long-term debt +€43,750
new in 2025: €43,750
- Trade debts +€25,434
up €25,434 (+101.7%), from €25,020 to €50,454
- Profit (loss) carried forward -€11,016
new in 2025: -€11,016
- Gross operating margin -€58,897
down €58,897 (-55.0%), from €107,105 to €48,208
- Taxes -€17,127
down €17,127 (-99.2%), from €17,259 to €132
- Depreciation +€16,390
up €16,390 (+49.2%), from €33,316 to €49,706
- Staff costs -€5,582
down €5,582, from €4,855 to -€728
- Financial charges +€2,452
up €2,452 (+100.4%), from €2,443 to €4,895
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 | €371,106 | €962,898 | +€591,791 | +159.5% |
| Fixed assets | 21/28 | €34,318 | €476,331 | +€442,012 | +1288.0% |
| Intangible fixed assets | 21 | €1,888 | €1,097 | -€792 | -41.9% |
| Tangible fixed assets | 22/27 | €32,430 | €475,234 | +€442,804 | +1365.4% |
| Land and buildings | 22 | - | €417,365 | +€417,365 | |
| Plant, machinery and equipment | 23 | €5,274 | €18,730 | +€13,455 | +255.1% |
| Furniture and vehicles | 24 | €27,155 | €39,139 | +€11,983 | +44.1% |
| Current assets | 29/58 | €336,788 | €486,567 | +€149,779 | +44.5% |
| Stocks and contracts in progress | 3 | €142,157 | €340,396 | +€198,239 | +139.5% |
| Stocks | 30/36 | €142,157 | €340,396 | +€198,239 | +139.5% |
| Amounts receivable within one year | 40/41 | €61,305 | €99,120 | +€37,815 | +61.7% |
| Trade receivables | 40 | €46,133 | €74,132 | +€28,000 | +60.7% |
| Other amounts receivable | 41 | €15,173 | €24,988 | +€9,815 | +64.7% |
| Cash at bank and in hand | 54/58 | €130,970 | €44,693 | -€86,277 | -65.9% |
| Deferred charges and accrued income | 490/1 | €2,356 | €2,358 | +€2 | +0.1% |
| Total equity and liabilities | 10/49 | €371,106 | €962,898 | +€591,791 | +159.5% |
| Equity | 10/15 | €225,030 | €214,014 | -€11,016 | -4.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €195,030 | €195,030 | = | 0.0% |
| Distributable reserves | 133 | €195,030 | €195,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€11,016 | -€11,016 | |
| Amounts payable | 17/49 | €146,076 | €748,884 | +€602,807 | +412.7% |
| Amounts payable after more than one year | 17 | - | €291,667 | +€291,667 | |
| Financial debts | 170/4 | - | €291,667 | +€291,667 | |
| Amounts payable within one year | 42/48 | €143,701 | €457,217 | +€313,516 | +218.2% |
| Current portion of amounts payable after more than one year | 42 | - | €43,750 | +€43,750 | |
| Trade debts | 44 | €25,020 | €50,454 | +€25,434 | +101.7% |
| Suppliers | 440/4 | €25,020 | €50,454 | +€25,434 | +101.7% |
| Taxes, remuneration and social security | 45 | €8,233 | €7,793 | -€440 | -5.3% |
| Taxes | 450/3 | €5,131 | €4,577 | -€554 | -10.8% |
| Remuneration and social security | 454/9 | €3,101 | €3,216 | +€115 | +3.7% |
| Other amounts payable | 47/48 | €110,448 | €355,220 | +€244,772 | +221.6% |
| Accrued charges and deferred income | 492/3 | €2,375 | €0 | -€2,375 | -100.0% |
| Remuneration, social security and pensions | 62 | €4,855 | -€728 | -€5,582 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,316 | €49,706 | +€16,390 | +49.2% |
| Other operating charges | 640/8 | €2,871 | €5,218 | +€2,347 | +81.8% |
| Non-recurring operating charges | 66A | €601 | €0 | -€601 | -100.0% |
| Gross operating margin | 9900 | €107,105 | €48,208 | -€58,897 | -55.0% |
| Operating profit (loss) | 9901 | €65,462 | -€5,989 | -€71,451 | |
| Financial income | 75/76B | €10 | €0 | -€10 | -100.0% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -100.0% |
| Financial charges | 65/66B | €2,443 | €4,895 | +€2,452 | +100.4% |
| Recurring financial charges | 65 | €2,443 | €4,895 | +€2,452 | +100.4% |
| Profit (loss) for the period before taxes | 9903 | €63,029 | -€10,884 | -€73,913 | |
| Income taxes | 67/77 | €17,259 | €132 | -€17,127 | -99.2% |
| Profit (loss) for the period | 9904 | €45,770 | -€11,016 | -€56,786 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,770 | -€11,016 | -€56,786 |
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 3 October 2026 via checked.be.