Finma: 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.
Finma
Largest movements
- Receivables within one year +€32,277
up €32,277 (+17.7%), from €182,771 to €215,048
of which Other amounts receivable: +€45,501
- Cash -€5,157
down €5,157 (-65.2%), from €7,913 to €2,756
mainly Receivables within one year (-€32,277) and Tax, wage and social debts (-€11,202)
- Reserves +€44,241
up €44,241 (+37.3%), from €118,617 to €162,858
- Tax, wage and social debts -€11,202
down €11,202 (-19.9%), from €56,401 to €45,199
of which Taxes: -€14,379
- Accrued charges and deferred income -€9,102
down €9,102 (-100.0%), from €9,102 to €0
- Gross operating margin -€11,033
down €11,033 (-15.4%), from €71,602 to €60,569
- Taxes -€4,997
down €4,997 (-20.7%), from €24,091 to €19,093
- Financial income -€1,432
down €1,432 (-13.1%), from €10,901 to €9,469
- Financial charges -€949
down €949 (-72.0%), from €1,319 to €370
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 | €195,072 | €221,680 | +€26,608 | +13.6% |
| Fixed assets | 21/28 | €4,389 | €2,357 | -€2,032 | -46.3% |
| Tangible fixed assets | 22/27 | €4,389 | €2,357 | -€2,032 | -46.3% |
| Furniture and vehicles | 24 | €4,389 | €2,357 | -€2,032 | -46.3% |
| Current assets | 29/58 | €190,684 | €219,324 | +€28,640 | +15.0% |
| Amounts receivable within one year | 40/41 | €182,771 | €215,048 | +€32,277 | +17.7% |
| Trade receivables | 40 | €25,076 | €11,852 | -€13,224 | -52.7% |
| Other amounts receivable | 41 | €157,694 | €203,195 | +€45,501 | +28.9% |
| Cash at bank and in hand | 54/58 | €7,913 | €2,756 | -€5,157 | -65.2% |
| Deferred charges and accrued income | 490/1 | - | €1,521 | +€1,521 | |
| Total equity and liabilities | 10/49 | €195,072 | €221,680 | +€26,608 | +13.6% |
| Equity | 10/15 | €124,817 | €169,058 | +€44,241 | +35.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €118,617 | €162,858 | +€44,241 | +37.3% |
| Distributable reserves | 133 | €118,617 | €162,858 | +€44,241 | +37.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €70,255 | €52,622 | -€17,633 | -25.1% |
| Amounts payable within one year | 42/48 | €61,153 | €52,622 | -€8,531 | -13.9% |
| Trade debts | 44 | €4,752 | €5,923 | +€1,172 | +24.7% |
| Suppliers | 440/4 | €4,752 | €5,923 | +€1,172 | +24.7% |
| Taxes, remuneration and social security | 45 | €56,401 | €45,199 | -€11,202 | -19.9% |
| Taxes | 450/3 | €56,401 | €42,022 | -€14,379 | -25.5% |
| Remuneration and social security | 454/9 | - | €3,177 | +€3,177 | |
| Other amounts payable | 47/48 | - | €1,500 | +€1,500 | |
| Accrued charges and deferred income | 492/3 | €9,102 | €0 | -€9,102 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,389 | €4,409 | +€20 | +0.5% |
| Other operating charges | 640/8 | €540 | €424 | -€116 | -21.5% |
| Gross operating margin | 9900 | €71,602 | €60,569 | -€11,033 | -15.4% |
| Operating profit (loss) | 9901 | €66,673 | €55,736 | -€10,937 | -16.4% |
| Financial income | 75/76B | €10,901 | €9,469 | -€1,432 | -13.1% |
| Recurring financial income | 75 | €10,901 | €9,469 | -€1,432 | -13.1% |
| Financial charges | 65/66B | €1,319 | €370 | -€949 | -72.0% |
| Recurring financial charges | 65 | €1,319 | €370 | -€949 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | €76,254 | €64,834 | -€11,420 | -15.0% |
| Income taxes | 67/77 | €24,091 | €19,093 | -€4,997 | -20.7% |
| Profit (loss) for the period | 9904 | €52,163 | €45,741 | -€6,422 | -12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,163 | €45,741 | -€6,422 | -12.3% |
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 6 October 2026 via checked.be.