FINKENS: 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.
FINKENS
Largest movements
- Current investments -€308,671
down €308,671 (-64.1%), from €481,606 to €172,934
- Cash -€105,664
down €105,664 (-41.1%), from €256,952 to €151,288
mainly Contributions, distributions and other (-€1.1m) and Investment in fixed assets (net) (-€124,528)
- Tangible fixed assets +€98,389
up €98,389 (+131.0%), from €75,132 to €173,521
of which Land and buildings: +€116,789
- Reserves -€805,103
down €805,103 (-95.9%), from €839,828 to €34,725
- Other debts +€477,339
new in 2025: €477,339
- Gross operating margin +€56,047
up €56,047 (+13.9%), from €403,508 to €459,556
- Depreciation +€9,273
up €9,273 (+55.0%), from €16,866 to €26,139
- Financial income -€6,122
down €6,122 (-99.4%), from €6,160 to €38
- Taxes +€5,506
up €5,506 (+5.8%), from €95,288 to €100,794
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 | €866,777 | €548,398 | -€318,379 | -36.7% |
| Fixed assets | 21/28 | €75,132 | €173,521 | +€98,389 | +131.0% |
| Tangible fixed assets | 22/27 | €75,132 | €173,521 | +€98,389 | +131.0% |
| Land and buildings | 22 | - | €116,789 | +€116,789 | |
| Furniture and vehicles | 24 | €75,132 | €56,732 | -€18,400 | -24.5% |
| Current assets | 29/58 | €791,645 | €374,877 | -€416,768 | -52.6% |
| Amounts receivable within one year | 40/41 | €52,153 | €50,423 | -€1,729 | -3.3% |
| Trade receivables | 40 | €42,350 | €50,417 | +€8,067 | +19.0% |
| Other amounts receivable | 41 | €9,803 | €7 | -€9,796 | -99.9% |
| Current investments | 50/53 | €481,606 | €172,934 | -€308,671 | -64.1% |
| Cash at bank and in hand | 54/58 | €256,952 | €151,288 | -€105,664 | -41.1% |
| Deferred charges and accrued income | 490/1 | €935 | €231 | -€704 | -75.2% |
| Total equity and liabilities | 10/49 | €866,777 | €548,398 | -€318,379 | -36.7% |
| Equity | 10/15 | €844,828 | €39,725 | -€805,103 | -95.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €839,828 | €34,725 | -€805,103 | -95.9% |
| Distributable reserves | 133 | €839,828 | €34,725 | -€805,103 | -95.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,948 | €508,673 | +€486,725 | +2217.6% |
| Amounts payable within one year | 42/48 | €21,759 | €508,673 | +€486,915 | +2237.8% |
| Trade debts | 44 | €92 | €5,645 | +€5,553 | +6059.6% |
| Suppliers | 440/4 | €92 | €5,645 | +€5,553 | +6059.6% |
| Taxes, remuneration and social security | 45 | €21,667 | €25,690 | +€4,023 | +18.6% |
| Taxes | 450/3 | €21,667 | €25,690 | +€4,023 | +18.6% |
| Other amounts payable | 47/48 | - | €477,339 | +€477,339 | |
| Accrued charges and deferred income | 492/3 | €190 | €0 | -€190 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,866 | €26,139 | +€9,273 | +55.0% |
| Other operating charges | 640/8 | €1,377 | €1,449 | +€72 | +5.2% |
| Gross operating margin | 9900 | €403,508 | €459,556 | +€56,047 | +13.9% |
| Operating profit (loss) | 9901 | €385,265 | €431,967 | +€46,702 | +12.1% |
| Financial income | 75/76B | €6,160 | €38 | -€6,122 | -99.4% |
| Recurring financial income | 75 | €6,160 | €38 | -€6,122 | -99.4% |
| Financial charges | 65/66B | €144 | €1,487 | +€1,342 | +930.2% |
| Recurring financial charges | 65 | €144 | €1,487 | +€1,342 | +930.2% |
| Profit (loss) for the period before taxes | 9903 | €391,280 | €430,518 | +€39,238 | +10.0% |
| Income taxes | 67/77 | €95,288 | €100,794 | +€5,506 | +5.8% |
| Profit (loss) for the period | 9904 | €295,993 | €329,725 | +€33,732 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €295,993 | €329,725 | +€33,732 | +11.4% |
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 7 October 2026 via checked.be.