FINNIER: 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.
FINNIER
Largest movements
- Tangible fixed assets +€5.6m
up €5.6m (+202%), from €2.8m to €8.4m
of which Assets under construction and advance payments: +€5.6m
- Stocks and contracts -€1.5m
down €1.5m (-58.8%), from €2.6m to €1.1m
- Short-term financial debts +€6.3m
up €6.3m, from €0 to €6.3m
- Debts after one year -€2.5m
down €2.5m (-100%), from €2.5m to €0
- Other debts +€1.6m
up €1.6m (+1,047%), from €151,335 to €1.7m
- Profit (loss) carried forward -€1.3m
down €1.3m (-96.5%), from -€1.3m to -€2.6m
- Advances received -€824,173
down €824,173 (-100%), from €824,173 to €0
- Depreciation +€484,014
up €484,014 (+84.7%), from €571,185 to €1.1m
- Financial charges +€46,391
up €46,391 (+29.1%), from €159,460 to €205,852
- Financial income -€17,323
down €17,323 (-97.7%), from €17,723 to €400
- Gross operating margin +€14,003
up €14,003 (+72.6%), from -€19,279 to -€5,276
- Other operating charges +€841
up €841 (+68.3%), from €1,230 to €2,071
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 | €5,389,992 | €9,502,472 | +€4.1m | +76.3% |
| Fixed assets | 21/28 | €2,796,699 | €8,434,749 | +€5.6m | +202% |
| Tangible fixed assets | 22/27 | €2,796,699 | €8,434,749 | +€5.6m | +202% |
| Land and buildings | 22 | €1,450,720 | €1,450,720 | = | 0.0% |
| Assets under construction and advance payments | 27 | €1,345,979 | €6,984,029 | +€5.6m | +419% |
| Current assets | 29/58 | €2,593,292 | €1,067,723 | -€1.5m | -58.8% |
| Stocks and contracts in progress | 3 | €2,588,441 | €1,066,786 | -€1.5m | -58.8% |
| Stocks | 30/36 | €2,588,441 | €1,066,786 | -€1.5m | -58.8% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,851 | €307 | -€4,545 | -93.7% |
| Deferred charges and accrued income | 490/1 | €0 | €630 | +€630 | |
| Total equity and liabilities | 10/49 | €5,389,992 | €9,502,472 | +€4.1m | +76.3% |
| Equity | 10/15 | €1,910,480 | €1,181,984 | -€728,497 | -38.1% |
| Contributions | 10/11 | €3,224,750 | €3,764,251 | +€539,501 | +16.7% |
| Capital | 10 | €3,224,750 | €3,764,251 | +€539,501 | +16.7% |
| Issued capital | 100 | €4,559,750 | €4,559,750 | = | 0.0% |
| Uncalled capital | 101 | €1,335,000 | €795,500 | -€539,501 | -40.4% |
| Profit (loss) carried forward | 14 | -€1,314,270 | -€2,582,267 | -€1.3m | -96.5% |
| Amounts payable | 17/49 | €3,479,512 | €8,320,488 | +€4.8m | +139% |
| Amounts payable after more than one year | 17 | €2,500,000 | €0 | -€2.5m | -100% |
| Financial debts | 170/4 | €2,500,000 | €0 | -€2.5m | -100% |
| Amounts payable within one year | 42/48 | €979,512 | €8,320,488 | +€7.3m | +749% |
| Financial debts | 43 | €0 | €6,336,500 | +€6.3m | |
| Credit institutions | 430/8 | €0 | €6,336,500 | +€6.3m | |
| Trade debts | 44 | €4,004 | €248,866 | +€244,862 | +6,116% |
| Suppliers | 440/4 | €4,004 | €248,866 | +€244,862 | +6,116% |
| Advances received on contracts in progress | 46 | €824,173 | €0 | -€824,173 | -100% |
| Other amounts payable | 47/48 | €151,335 | €1,735,122 | +€1.6m | +1,047% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €571,185 | €1,055,198 | +€484,014 | +84.7% |
| Other operating charges | 640/8 | €1,230 | €2,071 | +€841 | +68.3% |
| Gross operating margin | 9900 | -€19,279 | -€5,276 | +€14,003 | +72.6% |
| Operating profit (loss) | 9901 | -€591,694 | -€1,062,545 | -€470,851 | -79.6% |
| Financial income | 75/76B | €17,723 | €400 | -€17,323 | -97.7% |
| Recurring financial income | 75 | €17,723 | €400 | -€17,323 | -97.7% |
| Financial charges | 65/66B | €159,460 | €205,852 | +€46,391 | +29.1% |
| Recurring financial charges | 65 | €159,460 | €205,852 | +€46,391 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | -€733,432 | -€1,267,997 | -€534,565 | -72.9% |
| Profit (loss) for the period | 9904 | -€733,432 | -€1,267,997 | -€534,565 | -72.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€733,432 | -€1,267,997 | -€534,565 | -72.9% |
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.