Finnlayprojects: 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.
Finnlayprojects
Largest movements
- Receivables within one year +€47,734
up €47,734 (+31.3%), from €152,418 to €200,152
of which Other amounts receivable: +€71,096
- Tangible fixed assets -€29,211
down €29,211 (-28.6%), from €101,999 to €72,788
of which Leasing and similar rights: -€21,646
- Cash -€10,140
down €10,140 (-31.4%), from €32,327 to €22,187
mainly Receivables within one year (-€47,734) and Debts after one year (-€18,332)
- Deferred charges and accrued income +€4,635
up €4,635 (+124.6%), from €3,719 to €8,354
- Reserves +€30,770
up €30,770 (+26.5%), from €116,046 to €146,816
of which Distributable reserves: +€30,770
- Other debts +€22,468
up €22,468 (+27.4%), from €82,103 to €104,572
- Debts after one year -€18,332
down €18,332 (-46.8%), from €39,144 to €20,813
- Tax, wage and social debts -€16,577
down €16,577 (-74.7%), from €22,193 to €5,616
- Trade debts -€8,792
down €8,792 (-88.6%), from €9,925 to €1,132
- Gross operating margin -€70,934
down €70,934 (-46.1%), from €153,726 to €82,792
- Financial income -€27,330
down €27,330 (-85.0%), from €32,149 to €4,820
- Taxes -€15,960
down €15,960 (-48.0%), from €33,245 to €17,285
- Other operating charges -€9,409
down €9,409 (-93.3%), from €10,086 to €677
- Financial charges -€3,524
down €3,524 (-29.7%), from €11,846 to €8,322
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 | €294,474 | €307,491 | +€13,018 | +4.4% |
| Fixed assets | 21/28 | €106,009 | €76,798 | -€29,211 | -27.6% |
| Tangible fixed assets | 22/27 | €101,999 | €72,788 | -€29,211 | -28.6% |
| Land and buildings | 22 | €2,306 | €3,183 | +€877 | +38.0% |
| Furniture and vehicles | 24 | €20,344 | €11,902 | -€8,442 | -41.5% |
| Leasing and similar rights | 25 | €79,349 | €57,703 | -€21,646 | -27.3% |
| Financial fixed assets | 28 | €4,010 | €4,010 | = | 0.0% |
| Current assets | 29/58 | €188,464 | €230,694 | +€42,229 | +22.4% |
| Amounts receivable within one year | 40/41 | €152,418 | €200,152 | +€47,734 | +31.3% |
| Trade receivables | 40 | €47,104 | €23,741 | -€23,362 | -49.6% |
| Other amounts receivable | 41 | €105,315 | €176,411 | +€71,096 | +67.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €32,327 | €22,187 | -€10,140 | -31.4% |
| Deferred charges and accrued income | 490/1 | €3,719 | €8,354 | +€4,635 | +124.6% |
| Total equity and liabilities | 10/49 | €294,474 | €307,491 | +€13,018 | +4.4% |
| Equity | 10/15 | €117,046 | €147,816 | +€30,770 | +26.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €116,046 | €146,816 | +€30,770 | +26.5% |
| Tax-exempt reserves | 132 | €52,625 | €52,625 | = | 0.0% |
| Distributable reserves | 133 | €63,421 | €94,191 | +€30,770 | +48.5% |
| Amounts payable | 17/49 | €177,427 | €159,675 | -€17,752 | -10.0% |
| Amounts payable after more than one year | 17 | €39,144 | €20,813 | -€18,332 | -46.8% |
| Financial debts | 170/4 | €39,144 | €20,813 | -€18,332 | -46.8% |
| Amounts payable within one year | 42/48 | €132,941 | €134,057 | +€1,116 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €17,499 | €18,332 | +€833 | +4.8% |
| Financial debts | 43 | €1,222 | €4,406 | +€3,184 | +260.5% |
| Credit institutions | 430/8 | €1,222 | €4,406 | +€3,184 | +260.5% |
| Trade debts | 44 | €9,925 | €1,132 | -€8,792 | -88.6% |
| Suppliers | 440/4 | €9,925 | €1,132 | -€8,792 | -88.6% |
| Taxes, remuneration and social security | 45 | €22,193 | €5,616 | -€16,577 | -74.7% |
| Taxes | 450/3 | €22,193 | €5,616 | -€16,577 | -74.7% |
| Other amounts payable | 47/48 | €82,103 | €104,572 | +€22,468 | +27.4% |
| Accrued charges and deferred income | 492/3 | €5,342 | €4,805 | -€537 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,029 | €30,558 | +€530 | +1.8% |
| Other operating charges | 640/8 | €10,086 | €677 | -€9,409 | -93.3% |
| Gross operating margin | 9900 | €153,726 | €82,792 | -€70,934 | -46.1% |
| Operating profit (loss) | 9901 | €113,611 | €51,557 | -€62,055 | -54.6% |
| Financial income | 75/76B | €32,149 | €4,820 | -€27,330 | -85.0% |
| Recurring financial income | 75 | €32,149 | €4,820 | -€27,330 | -85.0% |
| Financial charges | 65/66B | €11,846 | €8,322 | -€3,524 | -29.7% |
| Recurring financial charges | 65 | €11,846 | €8,322 | -€3,524 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €133,915 | €48,055 | -€85,860 | -64.1% |
| Income taxes | 67/77 | €33,245 | €17,285 | -€15,960 | -48.0% |
| Profit (loss) for the period | 9904 | €100,670 | €30,770 | -€69,900 | -69.4% |
| Transfer to tax-exempt reserves | 689 | €52,625 | €0 | -€52,625 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,045 | €30,770 | -€17,275 | -36.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.