FINNAL: 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.
FINNAL
Largest movements
- Tangible fixed assets +€484,016
up €484,016 (+661.3%), from €73,193 to €557,209
of which Land and buildings: +€513,782
- Receivables within one year +€159,360
up €159,360 (+42.9%), from €371,683 to €531,043
of which Trade receivables: +€140,966
- Debts after one year +€376,075
up €376,075 (+1842.9%), from €20,407 to €396,482
- Trade debts +€282,355
up €282,355 (+78.3%), from €360,512 to €642,867
- Accrued charges and deferred income -€74,968
down €74,968 (-65.1%), from €115,142 to €40,174
- Tax, wage and social debts +€22,705
up €22,705 (+50.1%), from €45,343 to €68,049
of which Taxes: +€13,596
- Current portion of long-term debt +€17,852
up €17,852 (+116.9%), from €15,270 to €33,122
- Gross operating margin +€106,539
up €106,539 (+44.3%), from €240,730 to €347,270
- Depreciation +€47,218
up €47,218 (+108.6%), from €43,471 to €90,690
- Taxes +€38,397
up €38,397 (+47.5%), from €80,898 to €119,295
- Staff costs +€21,667
up €21,667 (+68.6%), from €31,588 to €53,256
- Financial charges +€14,536
up €14,536 (+401.6%), from €3,619 to €18,155
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 | €825,200 | €1,448,580 | +€623,381 | +75.5% |
| Fixed assets | 21/28 | €356,803 | €840,819 | +€484,016 | +135.7% |
| Tangible fixed assets | 22/27 | €73,193 | €557,209 | +€484,016 | +661.3% |
| Land and buildings | 22 | - | €513,782 | +€513,782 | |
| Furniture and vehicles | 24 | €36,457 | €18,674 | -€17,783 | -48.8% |
| Leasing and similar rights | 25 | €36,736 | €24,753 | -€11,983 | -32.6% |
| Financial fixed assets | 28 | €283,610 | €283,610 | = | 0.0% |
| Current assets | 29/58 | €468,396 | €607,761 | +€139,365 | +29.8% |
| Amounts receivable within one year | 40/41 | €371,683 | €531,043 | +€159,360 | +42.9% |
| Trade receivables | 40 | €204,267 | €345,234 | +€140,966 | +69.0% |
| Other amounts receivable | 41 | €167,416 | €185,809 | +€18,393 | +11.0% |
| Cash at bank and in hand | 54/58 | €81,874 | €70,633 | -€11,241 | -13.7% |
| Deferred charges and accrued income | 490/1 | €14,840 | €6,085 | -€8,754 | -59.0% |
| Total equity and liabilities | 10/49 | €825,200 | €1,448,580 | +€623,381 | +75.5% |
| Equity | 10/15 | €239,525 | €239,887 | +€362 | +0.2% |
| Contributions | 10/11 | €3 | €3 | = | 0.0% |
| Reserves | 13 | €239,522 | €239,884 | +€362 | +0.2% |
| Distributable reserves | 133 | €239,522 | €239,884 | +€362 | +0.2% |
| Amounts payable | 17/49 | €585,675 | €1,208,693 | +€623,019 | +106.4% |
| Amounts payable after more than one year | 17 | €20,407 | €396,482 | +€376,075 | +1842.9% |
| Financial debts | 170/4 | €20,407 | €396,482 | +€376,075 | +1842.9% |
| Amounts payable within one year | 42/48 | €450,125 | €772,037 | +€321,912 | +71.5% |
| Current portion of amounts payable after more than one year | 42 | €15,270 | €33,122 | +€17,852 | +116.9% |
| Trade debts | 44 | €360,512 | €642,867 | +€282,355 | +78.3% |
| Suppliers | 440/4 | €360,512 | €642,867 | +€282,355 | +78.3% |
| Taxes, remuneration and social security | 45 | €45,343 | €68,049 | +€22,705 | +50.1% |
| Taxes | 450/3 | €40,628 | €54,223 | +€13,596 | +33.5% |
| Remuneration and social security | 454/9 | €4,715 | €13,825 | +€9,110 | +193.2% |
| Other amounts payable | 47/48 | €29,000 | €28,000 | -€1,000 | -3.4% |
| Accrued charges and deferred income | 492/3 | €115,142 | €40,174 | -€74,968 | -65.1% |
| Remuneration, social security and pensions | 62 | €31,588 | €53,256 | +€21,667 | +68.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,471 | €90,690 | +€47,218 | +108.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,040 | +€3,040 | |
| Other operating charges | 640/8 | €22,943 | €30,451 | +€7,508 | +32.7% |
| Non-recurring operating charges | 66A | - | €5,364 | +€5,364 | |
| Gross operating margin | 9900 | €240,730 | €347,270 | +€106,539 | +44.3% |
| Operating profit (loss) | 9901 | €142,728 | €164,470 | +€21,742 | +15.2% |
| Financial income | 75/76B | €686 | €1,342 | +€656 | +95.5% |
| Recurring financial income | 75 | €686 | €1,342 | +€656 | +95.5% |
| Financial charges | 65/66B | €3,619 | €18,155 | +€14,536 | +401.6% |
| Recurring financial charges | 65 | €3,619 | €18,155 | +€14,536 | +401.6% |
| Profit (loss) for the period before taxes | 9903 | €139,795 | €147,657 | +€7,862 | +5.6% |
| Income taxes | 67/77 | €80,898 | €119,295 | +€38,397 | +47.5% |
| Profit (loss) for the period | 9904 | €58,897 | €28,362 | -€30,535 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €58,897 | €28,362 | -€30,535 | -51.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.