FINKI: 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.
What changed
FINKI
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€122,197
2023 · €148,923-€26,726
Equity
€1.6m
2023 · €1.5m+€72,197
Cash
€252,612
2023 · €682,521-€429,909
Balance sheet total
€4.7m
2023 · €4.8m-€89,506
Largest movements
Assets
- Cash -€429,909
down €429,909 (-63.0%), from €682,521 to €252,612
mainly Investment in fixed assets (net) (-€593,639) and Debts after one year (-€157,137)
- Tangible fixed assets +€382,529
up €382,529 (+12.8%), from €3.0m to €3.4m
of which Land and buildings: +€384,683
Equity and liabilities
- Debts after one year -€157,137
down €157,137 (-6.2%), from €2.5m to €2.4m
- Other debts +€64,476
up €64,476 (+40.5%), from €159,082 to €223,558
- Accrued charges and deferred income -€49,021
down €49,021 (-77.6%), from €63,202 to €14,181
Income statement
- Depreciation +€69,957
up €69,957 (+49.9%), from €140,195 to €210,151
- Staff costs -€48,324
down €48,324 (-80.6%), from €59,952 to €11,628
- Gross operating margin -€16,626
down €16,626 (-3.7%), from €448,077 to €431,452
- Other operating charges -€7,790
down €7,790 (-31.4%), from €24,800 to €17,009
- Financial income +€5,491
up €5,491 (+71.2%), from €7,713 to €13,204
From the 2023 result to the 2024 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.
Result 2023
€148,923
Gross operating margin
-€16,626
Staff costs
+€48,324
Depreciation
-€69,957
Other operating charges
+€7,790
Financial income
+€5,491
Financial charges
-€2,855
Taxes
+€474
Deferred taxes and other
+€633
Result 2024
€122,197
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€373,215
Investment
-€593,639
Financing
-€209,485
Cash 2023
€682,521
From operations (derived)
+€373,215
Net result for the year
+€122,197
Depreciation
+€210,151
Receivables within one year
+€38,625
Deferred charges and accrued income
+€4,459
Provisions
-€5,922
Trade debts
-€22,309
Tax, wage and social debts
+€10,559
Other debts
+€64,476
Accrued charges and deferred income
-€49,021
Investment (derived)
-€593,639
Investment in fixed assets (net)
-€593,639
Financing
-€209,485
Debts after one year
-€157,137
Current portion of long-term debt
-€2,348
Contributions, distributions and other
-€50,000
Cash 2024
€252,612
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,767,075 | €4,677,570 | -€89,506 | -1.9% |
| Fixed assets | 21/28 | €3,675,112 | €4,058,599 | +€383,488 | +10.4% |
| Tangible fixed assets | 22/27 | €2,982,940 | €3,365,469 | +€382,529 | +12.8% |
| Land and buildings | 22 | €2,837,675 | €3,222,358 | +€384,683 | +13.6% |
| Plant, machinery and equipment | 23 | €776 | €1,226 | +€450 | +58.0% |
| Furniture and vehicles | 24 | €34,091 | €31,487 | -€2,604 | -7.6% |
| Other tangible fixed assets | 26 | €110,398 | €110,398 | = | 0.0% |
| Financial fixed assets | 28 | €692,172 | €693,130 | +€959 | +0.1% |
| Current assets | 29/58 | €1,091,964 | €618,971 | -€472,993 | -43.3% |
| Amounts receivable within one year | 40/41 | €203,035 | €164,410 | -€38,625 | -19.0% |
| Trade receivables | 40 | €198,081 | €164,410 | -€33,671 | -17.0% |
| Other amounts receivable | 41 | €4,955 | - | -€4,955 | |
| Current investments | 50/53 | €191,538 | €191,538 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €682,521 | €252,612 | -€429,909 | -63.0% |
| Deferred charges and accrued income | 490/1 | €14,869 | €10,410 | -€4,459 | -30.0% |
| Total equity and liabilities | 10/49 | €4,767,075 | €4,677,570 | -€89,506 | -1.9% |
| Equity | 10/15 | €1,518,563 | €1,590,760 | +€72,197 | +4.8% |
| Contributions | 10/11 | €80,600 | €80,600 | = | 0.0% |
| Capital | 10 | €80,600 | €80,600 | = | 0.0% |
| Issued capital | 100 | €80,600 | €80,600 | = | 0.0% |
| Reserves | 13 | €400,113 | €436,291 | +€36,178 | +9.0% |
| Non-distributable reserves | 130/1 | €8,060 | €8,060 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €374,553 | €360,731 | -€13,822 | -3.7% |
| Distributable reserves | 133 | €17,500 | €67,500 | +€50,000 | +285.7% |
| Profit (loss) carried forward | 14 | €1,037,851 | €1,073,870 | +€36,019 | +3.5% |
| Provisions and deferred taxes | 16 | €256,001 | €250,079 | -€5,922 | -2.3% |
| Provisions for liabilities and charges | 160/5 | €137,000 | €137,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €137,000 | €137,000 | = | 0.0% |
| Deferred taxes | 168 | €119,001 | €113,079 | -€5,922 | -5.0% |
| Amounts payable | 17/49 | €2,992,511 | €2,836,730 | -€155,780 | -5.2% |
| Amounts payable after more than one year | 17 | €2,542,180 | €2,385,042 | -€157,137 | -6.2% |
| Financial debts | 170/4 | €2,542,180 | €2,385,042 | -€157,137 | -6.2% |
| Amounts payable within one year | 42/48 | €387,129 | €437,507 | +€50,378 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €159,485 | €157,137 | -€2,348 | -1.5% |
| Trade debts | 44 | €32,710 | €10,401 | -€22,309 | -68.2% |
| Suppliers | 440/4 | €32,710 | €10,401 | -€22,309 | -68.2% |
| Taxes, remuneration and social security | 45 | €35,851 | €46,410 | +€10,559 | +29.5% |
| Taxes | 450/3 | €24,322 | €46,410 | +€22,089 | +90.8% |
| Remuneration and social security | 454/9 | €11,530 | - | -€11,530 | |
| Other amounts payable | 47/48 | €159,082 | €223,558 | +€64,476 | +40.5% |
| Accrued charges and deferred income | 492/3 | €63,202 | €14,181 | -€49,021 | -77.6% |
| Remuneration, social security and pensions | 62 | €59,952 | €11,628 | -€48,324 | -80.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €140,195 | €210,151 | +€69,957 | +49.9% |
| Other operating charges | 640/8 | €24,800 | €17,009 | -€7,790 | -31.4% |
| Gross operating margin | 9900 | €448,077 | €431,452 | -€16,626 | -3.7% |
| Operating profit (loss) | 9901 | €223,131 | €192,663 | -€30,469 | -13.7% |
| Financial income | 75/76B | €7,713 | €13,204 | +€5,491 | +71.2% |
| Recurring financial income | 75 | €7,713 | €13,204 | +€5,491 | +71.2% |
| Financial charges | 65/66B | €34,805 | €37,660 | +€2,855 | +8.2% |
| Recurring financial charges | 65 | €34,805 | €37,660 | +€2,855 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €196,040 | €168,207 | -€27,833 | -14.2% |
| Transfer from deferred taxes | 780 | €5,290 | €5,922 | +€633 | +12.0% |
| Income taxes | 67/77 | €52,406 | €51,932 | -€474 | -0.9% |
| Profit (loss) for the period | 9904 | €148,923 | €122,197 | -€26,726 | -17.9% |
| Transfer from tax-exempt reserves | 789 | €11,924 | €13,822 | +€1,898 | +15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €160,847 | €136,019 | -€24,828 | -15.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.