FINMAR CONSULT: 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.
FINMAR CONSULT
Largest movements
- Tangible fixed assets +€915,324
up €915,324 (+463%), from €197,743 to €1.1m
of which Land and buildings: +€912,806
- Cash -€51,128
down €51,128 (-46.9%), from €108,932 to €57,804
mainly Investment in fixed assets (net) (-€935,155) and Receivables within one year (-€24,332)
- Receivables within one year +€24,332
up €24,332 (+155%), from €15,668 to €40,000
- Contributions +€924,490
up €924,490 (+74.0%), from €1.3m to €2.2m
- Profit (loss) carried forward -€17,573
down €17,573 (-2.0%), from -€897,255 to -€914,828
- Financial charges -€336,377
down €336,377 (-99.5%), from €337,977 to €1,600
- Financial income -€21,202
down €21,202 (-51.8%), from €40,915 to €19,714
- Taxes +€10,010
up €10,010, from -€1,621 to €8,389
- Gross operating margin -€2,200
down €2,200 (-22.0%), from -€9,997 to -€12,197
- Depreciation +€2,074
up €2,074 (+17.6%), from €11,782 to €13,856
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 | €656,875 | €1,552,226 | +€895,351 | +136% |
| Fixed assets | 21/28 | €198,213 | €1,119,512 | +€921,298 | +465% |
| Intangible fixed assets | 21 | - | €5,974 | +€5,974 | |
| Tangible fixed assets | 22/27 | €197,743 | €1,113,067 | +€915,324 | +463% |
| Land and buildings | 22 | €196,863 | €1,109,669 | +€912,806 | +464% |
| Plant, machinery and equipment | 23 | €880 | €1,863 | +€983 | +112% |
| Furniture and vehicles | 24 | - | €1,535 | +€1,535 | |
| Financial fixed assets | 28 | €470 | €470 | = | 0.0% |
| Current assets | 29/58 | €458,662 | €432,714 | -€25,948 | -5.7% |
| Amounts receivable within one year | 40/41 | €15,668 | €40,000 | +€24,332 | +155% |
| Other amounts receivable | 41 | €15,668 | €40,000 | +€24,332 | +155% |
| Current investments | 50/53 | €334,062 | €334,062 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €108,932 | €57,804 | -€51,128 | -46.9% |
| Deferred charges and accrued income | 490/1 | - | €848 | +€848 | |
| Total equity and liabilities | 10/49 | €656,875 | €1,552,226 | +€895,351 | +136% |
| Equity | 10/15 | €352,745 | €1,259,663 | +€906,917 | +257% |
| Contributions | 10/11 | €1,250,000 | €2,174,490 | +€924,490 | +74.0% |
| Capital | 10 | €1,250,000 | €2,174,490 | +€924,490 | +74.0% |
| Issued capital | 100 | €1,250,000 | €2,174,490 | +€924,490 | +74.0% |
| Profit (loss) carried forward | 14 | -€897,255 | -€914,828 | -€17,573 | -2.0% |
| Amounts payable | 17/49 | €304,130 | €292,563 | -€11,567 | -3.8% |
| Amounts payable after more than one year | 17 | €303,152 | €290,581 | -€12,571 | -4.1% |
| Financial debts | 170/4 | €303,152 | €290,581 | -€12,571 | -4.1% |
| Amounts payable within one year | 42/48 | €978 | €1,983 | +€1,005 | +103% |
| Financial debts | 43 | - | €270 | +€270 | |
| Credit institutions | 430/8 | - | €270 | +€270 | |
| Trade debts | 44 | €978 | €1,713 | +€735 | +75.2% |
| Suppliers | 440/4 | €978 | €1,713 | +€735 | +75.2% |
| Non-recurring operating income | 76A | €1 | - | -€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,782 | €13,856 | +€2,074 | +17.6% |
| Other operating charges | 640/8 | €1,086 | €1,243 | +€157 | +14.4% |
| Gross operating margin | 9900 | -€9,997 | -€12,197 | -€2,200 | -22.0% |
| Operating profit (loss) | 9901 | -€22,866 | -€27,297 | -€4,431 | -19.4% |
| Financial income | 75/76B | €40,915 | €19,714 | -€21,202 | -51.8% |
| Recurring financial income | 75 | €40,915 | €19,714 | -€21,202 | -51.8% |
| Financial charges | 65/66B | €337,977 | €1,600 | -€336,377 | -99.5% |
| Recurring financial charges | 65 | €337,977 | €1,600 | -€336,377 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | -€319,928 | -€9,184 | +€310,744 | +97.1% |
| Income taxes | 67/77 | -€1,621 | €8,389 | +€10,010 | |
| Profit (loss) for the period | 9904 | -€318,307 | -€17,573 | +€300,734 | +94.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€318,307 | -€17,573 | +€300,734 | +94.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.