FINMORE: 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.
FINMORE
Largest movements
- Cash +€488,687
up €488,687 (+47.3%), from €1.0m to €1.5m
mainly Net result for the year (+€1.1m) and Tax, wage and social debts (+€230,100)
- Deferred charges and accrued income +€468,276
up €468,276 (+3846.4%), from €12,174 to €480,450
- Receivables within one year +€75,301
up €75,301 (+47.0%), from €160,271 to €235,572
of which Other amounts receivable: +€76,413
- Reserves +€827,940
up €827,940 (+52.8%), from €1.6m to €2.4m
of which Distributable reserves: +€827,940
- Tax, wage and social debts +€230,100
up €230,100 (+129.2%), from €178,108 to €408,208
- Debts after one year -€51,651
down €51,651 (-100.0%), from €51,651 to €0
- Gross operating margin +€803,920
up €803,920 (+94.9%), from €846,707 to €1.7m
- Taxes +€256,748
up €256,748 (+104.8%), from €245,105 to €501,854
- Depreciation +€19,783
up €19,783 (+27.9%), from €70,938 to €90,721
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 | €2,108,712 | €3,130,645 | +€1.0m | +48.5% |
| Fixed assets | 21/28 | €788,715 | €778,384 | -€10,331 | -1.3% |
| Tangible fixed assets | 22/27 | €695,373 | €685,042 | -€10,331 | -1.5% |
| Land and buildings | 22 | €683,978 | €618,799 | -€65,179 | -9.5% |
| Plant, machinery and equipment | 23 | €5,963 | €6,617 | +€654 | +11.0% |
| Furniture and vehicles | 24 | €4,924 | €42,149 | +€37,225 | +756.0% |
| Other tangible fixed assets | 26 | €508 | €17,477 | +€16,970 | +3341.8% |
| Financial fixed assets | 28 | €93,342 | €93,342 | = | 0.0% |
| Current assets | 29/58 | €1,319,997 | €2,352,261 | +€1.0m | +78.2% |
| Amounts receivable after more than one year | 29 | €115,000 | €115,000 | = | 0.0% |
| Other amounts receivable | 291 | €115,000 | €115,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €160,271 | €235,572 | +€75,301 | +47.0% |
| Trade receivables | 40 | €86,555 | €85,443 | -€1,112 | -1.3% |
| Other amounts receivable | 41 | €73,716 | €150,129 | +€76,413 | +103.7% |
| Cash at bank and in hand | 54/58 | €1,032,551 | €1,521,238 | +€488,687 | +47.3% |
| Deferred charges and accrued income | 490/1 | €12,174 | €480,450 | +€468,276 | +3846.4% |
| Total equity and liabilities | 10/49 | €2,108,712 | €3,130,645 | +€1.0m | +48.5% |
| Equity | 10/15 | €1,798,968 | €2,626,908 | +€827,940 | +46.0% |
| Contributions | 10/11 | €118,550 | €118,550 | = | 0.0% |
| Reserves | 13 | €1,569,282 | €2,397,222 | +€827,940 | +52.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,569,282 | €2,397,222 | +€827,940 | +52.8% |
| Profit (loss) carried forward | 14 | €111,136 | €111,136 | = | 0.0% |
| Provisions and deferred taxes | 16 | €8,848 | €8,848 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €8,848 | €8,848 | = | 0.0% |
| Major repairs and maintenance | 162 | €8,848 | €8,848 | = | 0.0% |
| Amounts payable | 17/49 | €300,897 | €494,889 | +€193,993 | +64.5% |
| Amounts payable after more than one year | 17 | €51,651 | €0 | -€51,651 | -100.0% |
| Financial debts | 170/4 | €51,651 | €0 | -€51,651 | -100.0% |
| Amounts payable within one year | 42/48 | €248,463 | €494,701 | +€246,238 | +99.1% |
| Current portion of amounts payable after more than one year | 42 | €57,424 | €51,651 | -€5,774 | -10.1% |
| Trade debts | 44 | €5,618 | €27,530 | +€21,912 | +390.0% |
| Suppliers | 440/4 | €5,618 | €27,530 | +€21,912 | +390.0% |
| Taxes, remuneration and social security | 45 | €178,108 | €408,208 | +€230,100 | +129.2% |
| Taxes | 450/3 | €178,108 | €408,208 | +€230,100 | +129.2% |
| Other amounts payable | 47/48 | €7,313 | €7,313 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €783 | €188 | -€595 | -76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,938 | €90,721 | +€19,783 | +27.9% |
| Other operating charges | 640/8 | €8,904 | €8,675 | -€229 | -2.6% |
| Gross operating margin | 9900 | €846,707 | €1,650,627 | +€803,920 | +94.9% |
| Operating profit (loss) | 9901 | €766,865 | €1,551,231 | +€784,366 | +102.3% |
| Financial income | 75/76B | €5,594 | €9,837 | +€4,243 | +75.8% |
| Recurring financial income | 75 | €5,594 | €9,837 | +€4,243 | +75.8% |
| Financial charges | 65/66B | €2,703 | €1,547 | -€1,157 | -42.8% |
| Recurring financial charges | 65 | €2,703 | €1,547 | -€1,157 | -42.8% |
| Profit (loss) for the period before taxes | 9903 | €769,756 | €1,559,522 | +€789,766 | +102.6% |
| Income taxes | 67/77 | €245,105 | €501,854 | +€256,748 | +104.8% |
| Profit (loss) for the period | 9904 | €524,651 | €1,057,668 | +€533,017 | +101.6% |
| Profit (loss) for the period to be appropriated | 9905 | €524,651 | €1,057,668 | +€533,017 | +101.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.