Finlau: 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.
Finlau
Largest movements
- Cash -€237,965
down €237,965 (-64.6%), from €368,583 to €130,618
mainly Contributions, distributions and other (-€332,880) and Current investments (-€191,948)
- Current investments +€191,948
up €191,948 (+3,705%), from €5,180 to €197,128
- Receivables after one year +€25,000
up €25,000 (+25.0%), from €100,000 to €125,000
- Deferred charges and accrued income +€5,909
up €5,909 (+222%), from €2,660 to €8,569
- Other debts -€15,207
down €15,207 (-4.3%), from €350,085 to €334,878
- Profit (loss) carried forward -€6,231
down €6,231 (-3.5%), from €179,337 to €173,106
- Financial income -€172,857
down €172,857 (-97.8%), from €176,754 to €3,897
- Gross operating margin +€37,766
up €37,766 (+9.3%), from €406,700 to €444,466
- Taxes -€29,250
down €29,250 (-20.3%), from €143,870 to €114,619
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 | €539,422 | €521,669 | -€17,753 | -3.3% |
| Fixed assets | 21/28 | €58,916 | €59,898 | +€983 | +1.7% |
| Tangible fixed assets | 22/27 | €10,885 | €11,868 | +€983 | +9.0% |
| Furniture and vehicles | 24 | €10,885 | €11,868 | +€983 | +9.0% |
| Financial fixed assets | 28 | €48,030 | €48,030 | = | 0.0% |
| Current assets | 29/58 | €480,507 | €461,771 | -€18,736 | -3.9% |
| Amounts receivable after more than one year | 29 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Other amounts receivable | 291 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Amounts receivable within one year | 40/41 | €4,084 | €456 | -€3,628 | -88.8% |
| Trade receivables | 40 | €2,769 | €0 | -€2,769 | -100% |
| Other amounts receivable | 41 | €1,316 | €456 | -€859 | -65.3% |
| Current investments | 50/53 | €5,180 | €197,128 | +€191,948 | +3,705% |
| Cash at bank and in hand | 54/58 | €368,583 | €130,618 | -€237,965 | -64.6% |
| Deferred charges and accrued income | 490/1 | €2,660 | €8,569 | +€5,909 | +222% |
| Total equity and liabilities | 10/49 | €539,422 | €521,669 | -€17,753 | -3.3% |
| Equity | 10/15 | €189,337 | €183,106 | -€6,231 | -3.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,337 | €173,106 | -€6,231 | -3.5% |
| Amounts payable | 17/49 | €350,085 | €338,563 | -€11,522 | -3.3% |
| Amounts payable within one year | 42/48 | €350,085 | €338,563 | -€11,522 | -3.3% |
| Trade debts | 44 | €0 | €3,686 | +€3,686 | |
| Suppliers | 440/4 | €0 | €3,686 | +€3,686 | |
| Other amounts payable | 47/48 | €350,085 | €334,878 | -€15,207 | -4.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,174 | €4,002 | -€172 | -4.1% |
| Other operating charges | 640/8 | €1,829 | €931 | -€897 | -49.1% |
| Gross operating margin | 9900 | €406,700 | €444,466 | +€37,766 | +9.3% |
| Operating profit (loss) | 9901 | €400,698 | €439,532 | +€38,835 | +9.7% |
| Financial income | 75/76B | €176,754 | €3,897 | -€172,857 | -97.8% |
| Recurring financial income | 75 | €176,754 | €3,897 | -€172,857 | -97.8% |
| Financial charges | 65/66B | €1,872 | €2,162 | +€290 | +15.5% |
| Recurring financial charges | 65 | €1,872 | €2,162 | +€290 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €575,579 | €441,268 | -€134,312 | -23.3% |
| Income taxes | 67/77 | €143,870 | €114,619 | -€29,250 | -20.3% |
| Profit (loss) for the period | 9904 | €431,710 | €326,648 | -€105,062 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | €431,710 | €326,648 | -€105,062 | -24.3% |
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 20 October 2026 via checked.be.