Finlis: 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.
Finlis
Largest movements
- Cash +€76,035
up €76,035 (+230%), from €33,070 to €109,105
mainly Net result for the year (+€58,370) and Receivables within one year (+€16,905)
- Receivables within one year -€16,905
down €16,905 (-46.9%), from €36,026 to €19,121
of which Other amounts receivable: -€19,323
- Deferred charges and accrued income +€2,519
up €2,519 (+22.5%), from €11,199 to €13,718
- Reserves +€58,370
up €58,370 (+93.5%), from €62,434 to €120,805
- Tax, wage and social debts +€4,283
up €4,283 (+18.6%), from €23,017 to €27,300
- Gross operating margin -€6,266
down €6,266 (-7.3%), from €85,686 to €79,420
- Financial charges -€1,344
down €1,344 (-39.5%), from €3,401 to €2,057
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 | €89,009 | €152,107 | +€63,099 | +70.9% |
| Fixed assets | 21/28 | €8,713 | €10,163 | +€1,450 | +16.6% |
| Tangible fixed assets | 22/27 | €8,713 | €10,163 | +€1,450 | +16.6% |
| Plant, machinery and equipment | 23 | €1,467 | €2,649 | +€1,183 | +80.6% |
| Furniture and vehicles | 24 | €4,297 | €4,861 | +€564 | +13.1% |
| Other tangible fixed assets | 26 | €2,949 | €2,653 | -€297 | -10.1% |
| Current assets | 29/58 | €80,295 | €141,944 | +€61,649 | +76.8% |
| Amounts receivable within one year | 40/41 | €36,026 | €19,121 | -€16,905 | -46.9% |
| Trade receivables | 40 | €12,660 | €15,078 | +€2,418 | +19.1% |
| Other amounts receivable | 41 | €23,367 | €4,043 | -€19,323 | -82.7% |
| Cash at bank and in hand | 54/58 | €33,070 | €109,105 | +€76,035 | +230% |
| Deferred charges and accrued income | 490/1 | €11,199 | €13,718 | +€2,519 | +22.5% |
| Total equity and liabilities | 10/49 | €89,009 | €152,107 | +€63,099 | +70.9% |
| Equity | 10/15 | €65,434 | €123,805 | +€58,370 | +89.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €62,434 | €120,805 | +€58,370 | +93.5% |
| Distributable reserves | 133 | €62,434 | €120,805 | +€58,370 | +93.5% |
| Amounts payable | 17/49 | €23,574 | €28,303 | +€4,729 | +20.1% |
| Amounts payable within one year | 42/48 | €23,574 | €28,303 | +€4,729 | +20.1% |
| Trade debts | 44 | €557 | €1,003 | +€446 | +80.0% |
| Suppliers | 440/4 | €557 | €1,003 | +€446 | +80.0% |
| Taxes, remuneration and social security | 45 | €23,017 | €27,300 | +€4,283 | +18.6% |
| Taxes | 450/3 | €23,017 | €27,300 | +€4,283 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,825 | €2,241 | -€583 | -20.6% |
| Other operating charges | 640/8 | €614 | €846 | +€232 | +37.8% |
| Gross operating margin | 9900 | €85,686 | €79,420 | -€6,266 | -7.3% |
| Operating profit (loss) | 9901 | €82,247 | €76,332 | -€5,915 | -7.2% |
| Financial income | 75/76B | €45 | €759 | +€714 | +1,581% |
| Recurring financial income | 75 | €45 | €759 | +€714 | +1,581% |
| Financial charges | 65/66B | €3,401 | €2,057 | -€1,344 | -39.5% |
| Recurring financial charges | 65 | €3,401 | €2,057 | -€1,344 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €78,891 | €75,034 | -€3,857 | -4.9% |
| Income taxes | 67/77 | €16,457 | €16,664 | +€207 | +1.3% |
| Profit (loss) for the period | 9904 | €62,434 | €58,370 | -€4,064 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,434 | €58,370 | -€4,064 | -6.5% |
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 14 October 2026 via checked.be.