FINIVEG: 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.
FINIVEG
Largest movements
- Tangible fixed assets +€20.8m
up €20.8m (+3085.7%), from €674,905 to €21.5m
of which Land and buildings: +€20.8m
- Stocks and contracts +€20.5m
new in 2025: €20.5m
- Receivables within one year +€6.4m
up €6.4m (+22660.2%), from €28,448 to €6.5m
of which Other amounts receivable: +€6.4m
- Financial fixed assets -€3.8m
down €3.8m (-44.2%), from €8.5m to €4.7m
- Intangible fixed assets +€3.6m
new in 2025: €3.6m
- Advances received +€52.3m
new in 2025: €52.3m
- Other debts -€5.2m
no longer reported in 2025 (was €5.2m)
- Financial income +€187,123
up €187,123 (+159429.8%), from €117 to €187,240
of which Financial income: +€121,797
- Financial charges +€19,468
up €19,468 (+362.7%), from €5,368 to €24,836
- Gross operating margin -€18,498
down €18,498 (-9.5%), from €193,903 to €175,405
- Other operating charges -€10,276
down €10,276 (-57.2%), from €17,961 to €7,685
- Depreciation +€6,673
up €6,673 (+9.9%), from €67,731 to €74,404
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 | €9,313,658 | €57,232,937 | +€47.9m | +514.5% |
| Fixed assets | 21/28 | €9,163,484 | €29,884,618 | +€20.7m | +226.1% |
| Intangible fixed assets | 21 | - | €3,646,270 | +€3.6m | |
| Tangible fixed assets | 22/27 | €674,905 | €21,500,501 | +€20.8m | +3085.7% |
| Land and buildings | 22 | €608,748 | €21,449,385 | +€20.8m | +3423.5% |
| Furniture and vehicles | 24 | €66,157 | €51,116 | -€15,041 | -22.7% |
| Financial fixed assets | 28 | €8,488,579 | €4,737,847 | -€3.8m | -44.2% |
| Current assets | 29/58 | €150,174 | €27,348,319 | +€27.2m | +18111.0% |
| Stocks and contracts in progress | 3 | - | €20,465,366 | +€20.5m | |
| Stocks | 30/36 | - | €20,465,366 | +€20.5m | |
| Amounts receivable within one year | 40/41 | €28,448 | €6,474,854 | +€6.4m | +22660.2% |
| Trade receivables | 40 | €4,424 | €49,242 | +€44,818 | +1013.0% |
| Other amounts receivable | 41 | €24,024 | €6,425,612 | +€6.4m | +26646.9% |
| Cash at bank and in hand | 54/58 | €121,726 | €377,006 | +€255,280 | +209.7% |
| Deferred charges and accrued income | 490/1 | - | €31,093 | +€31,093 | |
| Total equity and liabilities | 10/49 | €9,313,658 | €57,232,937 | +€47.9m | +514.5% |
| Equity | 10/15 | €3,047,458 | €3,276,572 | +€229,115 | +7.5% |
| Contributions | 10/11 | €565,000 | €565,000 | = | 0.0% |
| Reserves | 13 | €2,482,458 | €2,711,572 | +€229,115 | +9.2% |
| Non-distributable reserves | 130/1 | €56,500 | €56,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €56,500 | €56,500 | = | 0.0% |
| Distributable reserves | 133 | €2,425,958 | €2,655,072 | +€229,115 | +9.4% |
| Amounts payable | 17/49 | €6,266,200 | €53,956,364 | +€47.7m | +761.1% |
| Amounts payable after more than one year | 17 | €171,000 | €422,333 | +€251,333 | +147.0% |
| Financial debts | 170/4 | €171,000 | €422,333 | +€251,333 | +147.0% |
| Amounts payable within one year | 42/48 | €5,238,058 | €52,819,745 | +€47.6m | +908.4% |
| Current portion of amounts payable after more than one year | 42 | €57,000 | €157,000 | +€100,000 | +175.4% |
| Trade debts | 44 | €13,733 | €383,752 | +€370,019 | +2694.4% |
| Suppliers | 440/4 | €13,733 | €383,752 | +€370,019 | +2694.4% |
| Advances received on contracts in progress | 46 | - | €52,278,753 | +€52.3m | |
| Taxes, remuneration and social security | 45 | €5,998 | €240 | -€5,758 | -96.0% |
| Taxes | 450/3 | €5,998 | €240 | -€5,758 | -96.0% |
| Other amounts payable | 47/48 | €5,161,327 | - | -€5.2m | |
| Accrued charges and deferred income | 492/3 | €857,143 | €714,286 | -€142,857 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,731 | €74,404 | +€6,673 | +9.9% |
| Other operating charges | 640/8 | €17,961 | €7,685 | -€10,276 | -57.2% |
| Non-recurring operating charges | 66A | €12,001 | - | -€12,001 | |
| Gross operating margin | 9900 | €193,903 | €175,405 | -€18,498 | -9.5% |
| Operating profit (loss) | 9901 | €96,210 | €93,317 | -€2,893 | -3.0% |
| Financial income | 75/76B | €117 | €187,240 | +€187,123 | +159429.8% |
| Recurring financial income | 75 | €117 | €121,915 | +€121,797 | +103772.0% |
| Non-recurring financial income | 76B | - | €65,325 | +€65,325 | |
| Financial charges | 65/66B | €5,368 | €24,836 | +€19,468 | +362.7% |
| Recurring financial charges | 65 | €5,368 | €24,836 | +€19,468 | +362.7% |
| Profit (loss) for the period before taxes | 9903 | €90,959 | €255,720 | +€164,761 | +181.1% |
| Income taxes | 67/77 | €28,851 | €26,606 | -€2,245 | -7.8% |
| Profit (loss) for the period | 9904 | €62,108 | €229,115 | +€167,007 | +268.9% |
| Profit (loss) for the period to be appropriated | 9905 | €62,108 | €229,115 | +€167,007 | +268.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.