Finnelys: 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.
Finnelys
Largest movements
- Receivables within one year -€26,037
down €26,037 (-88.5%), from €29,405 to €3,368
of which Other amounts receivable: -€18,608
- Tangible fixed assets -€11,055
down €11,055 (-9.4%), from €118,159 to €107,104
of which Land and buildings: -€10,667
- Cash +€4,647
up €4,647 (+1,044%), from €445 to €5,092
mainly Receivables within one year (+€26,037) and Depreciation (+€11,055)
- Debts after one year -€22,801
down €22,801 (-25.1%), from €90,801 to €68,000
- Profit (loss) carried forward -€8,924
down €8,924 (-19.9%), from -€44,779 to -€53,703
- Advances received -€6,140
down €6,140 (-100%), from €6,140 to €0
- Other debts +€4,444
new in 2025: €4,444
- Gross operating margin -€6,514
down €6,514 (-59.6%), from €10,927 to €4,414
- Depreciation +€370
up €370 (+3.5%), from €10,685 to €11,055
- Other operating charges -€307
down €307 (-13.0%), from €2,356 to €2,049
- Financial charges -€113
down €113 (-32.5%), from €346 to €234
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 | €178,461 | €146,016 | -€32,445 | -18.2% |
| Fixed assets | 21/28 | €118,159 | €107,104 | -€11,055 | -9.4% |
| Tangible fixed assets | 22/27 | €118,159 | €107,104 | -€11,055 | -9.4% |
| Land and buildings | 22 | €117,013 | €106,346 | -€10,667 | -9.1% |
| Furniture and vehicles | 24 | €1,146 | €758 | -€388 | -33.9% |
| Current assets | 29/58 | €60,302 | €38,912 | -€21,390 | -35.5% |
| Stocks and contracts in progress | 3 | €30,252 | €30,252 | = | 0.0% |
| Stocks | 30/36 | €30,252 | €30,252 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,405 | €3,368 | -€26,037 | -88.5% |
| Trade receivables | 40 | €7,574 | €146 | -€7,429 | -98.1% |
| Other amounts receivable | 41 | €21,830 | €3,222 | -€18,608 | -85.2% |
| Current investments | 50/53 | €200 | €200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €445 | €5,092 | +€4,647 | +1,044% |
| Total equity and liabilities | 10/49 | €178,461 | €146,016 | -€32,445 | -18.2% |
| Equity | 10/15 | €78,821 | €69,897 | -€8,924 | -11.3% |
| Contributions | 10/11 | €123,600 | €123,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,779 | -€53,703 | -€8,924 | -19.9% |
| Amounts payable | 17/49 | €99,640 | €76,119 | -€23,521 | -23.6% |
| Amounts payable after more than one year | 17 | €90,801 | €68,000 | -€22,801 | -25.1% |
| Other amounts payable | 178/9 | €90,801 | €68,000 | -€22,801 | -25.1% |
| Amounts payable within one year | 42/48 | €8,838 | €8,119 | -€720 | -8.1% |
| Trade debts | 44 | €2,497 | €3,466 | +€969 | +38.8% |
| Suppliers | 440/4 | €2,497 | €3,466 | +€969 | +38.8% |
| Advances received on contracts in progress | 46 | €6,140 | €0 | -€6,140 | -100% |
| Taxes, remuneration and social security | 45 | €202 | €209 | +€7 | +3.4% |
| Taxes | 450/3 | €202 | €209 | +€7 | +3.4% |
| Other amounts payable | 47/48 | - | €4,444 | +€4,444 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,685 | €11,055 | +€370 | +3.5% |
| Other operating charges | 640/8 | €2,356 | €2,049 | -€307 | -13.0% |
| Gross operating margin | 9900 | €10,927 | €4,414 | -€6,514 | -59.6% |
| Operating profit (loss) | 9901 | -€2,113 | -€8,690 | -€6,577 | -311% |
| Financial income | 75/76B | €23 | €0 | -€23 | -100% |
| Recurring financial income | 75 | €23 | €0 | -€23 | -100% |
| Financial charges | 65/66B | €346 | €234 | -€113 | -32.5% |
| Recurring financial charges | 65 | €346 | €234 | -€113 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,437 | -€8,924 | -€6,486 | -266% |
| Profit (loss) for the period | 9904 | -€2,437 | -€8,924 | -€6,486 | -266% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,437 | -€8,924 | -€6,486 | -266% |
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 18 October 2026 via checked.be.