Finneo: 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.
Finneo
Largest movements
- Cash -€280,874
down €280,874 (-59.8%), from €469,568 to €188,694
mainly Current investments (-€214,165) and Contributions, distributions and other (-€123,018)
- Current investments +€214,165
up €214,165 (+141.7%), from €151,088 to €365,253
- Receivables within one year -€48,551
down €48,551 (-60.4%), from €80,366 to €31,815
of which Other amounts receivable: -€69,093
- Reserves -€123,018
down €123,018 (-18.0%), from €683,906 to €560,888
- Gross operating margin -€56,181
down €56,181, from €40,103 to -€16,078
- Financial income -€39,401
down €39,401 (-66.0%), from €59,725 to €20,324
- Taxes -€26,540
down €26,540 (-99.5%), from €26,672 to €132
- Financial charges -€613
down €613 (-11.2%), from €5,454 to €4,841
- Other operating charges +€413
up €413 (+382.1%), from €108 to €521
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 | €717,271 | €600,869 | -€116,402 | -16.2% |
| Fixed assets | 21/28 | €10,083 | €9,221 | -€862 | -8.6% |
| Tangible fixed assets | 22/27 | €10,013 | €9,151 | -€862 | -8.6% |
| Furniture and vehicles | 24 | €4,313 | €3,451 | -€862 | -20.0% |
| Other tangible fixed assets | 26 | €5,700 | €5,700 | = | 0.0% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €707,188 | €591,648 | -€115,540 | -16.3% |
| Amounts receivable within one year | 40/41 | €80,366 | €31,815 | -€48,551 | -60.4% |
| Trade receivables | 40 | - | €20,543 | +€20,543 | |
| Other amounts receivable | 41 | €80,366 | €11,273 | -€69,093 | -86.0% |
| Current investments | 50/53 | €151,088 | €365,253 | +€214,165 | +141.7% |
| Cash at bank and in hand | 54/58 | €469,568 | €188,694 | -€280,874 | -59.8% |
| Deferred charges and accrued income | 490/1 | €6,165 | €5,885 | -€280 | -4.5% |
| Total equity and liabilities | 10/49 | €717,271 | €600,869 | -€116,402 | -16.2% |
| Equity | 10/15 | €703,945 | €578,816 | -€125,129 | -17.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €683,906 | €560,888 | -€123,018 | -18.0% |
| Distributable reserves | 133 | €683,906 | €560,888 | -€123,018 | -18.0% |
| Profit (loss) carried forward | 14 | €40 | -€2,071 | -€2,111 | |
| Amounts payable | 17/49 | €13,326 | €22,053 | +€8,727 | +65.5% |
| Amounts payable within one year | 42/48 | €13,326 | €22,053 | +€8,727 | +65.5% |
| Trade debts | 44 | €8,404 | €8,761 | +€357 | +4.2% |
| Suppliers | 440/4 | €8,404 | €8,761 | +€357 | +4.2% |
| Taxes, remuneration and social security | 45 | €4,921 | €12,037 | +€7,115 | +144.6% |
| Taxes | 450/3 | €4,921 | €12,037 | +€7,115 | +144.6% |
| Other amounts payable | 47/48 | - | €1,255 | +€1,255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,105 | €862 | -€242 | -21.9% |
| Other operating charges | 640/8 | €108 | €521 | +€413 | +382.1% |
| Gross operating margin | 9900 | €40,103 | -€16,078 | -€56,181 | |
| Operating profit (loss) | 9901 | €38,890 | -€17,462 | -€56,352 | |
| Financial income | 75/76B | €59,725 | €20,324 | -€39,401 | -66.0% |
| Recurring financial income | 75 | €59,725 | €20,324 | -€39,401 | -66.0% |
| Financial charges | 65/66B | €5,454 | €4,841 | -€613 | -11.2% |
| Recurring financial charges | 65 | €5,454 | €4,841 | -€613 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €93,162 | -€1,979 | -€95,140 | |
| Income taxes | 67/77 | €26,672 | €132 | -€26,540 | -99.5% |
| Profit (loss) for the period | 9904 | €66,490 | -€2,111 | -€68,601 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,490 | -€2,111 | -€68,601 |
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 12 October 2026 via checked.be.