Finolas: 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.
Finolas
Largest movements
- Cash +€29,898
up €29,898 (+105.7%), from €28,281 to €58,179
mainly Net result for the year (+€86,161) and Depreciation (+€13,841)
- Tangible fixed assets +€24,459
up €24,459 (+53.3%), from €45,853 to €70,312
of which Land and buildings: +€34,915
- Reserves +€85,328
up €85,328 (+90.5%), from €94,319 to €179,647
- Debts after one year -€31,093
down €31,093 (-17.9%), from €173,800 to €142,707
- Gross operating margin +€40,432
up €40,432 (+37.3%), from €108,344 to €148,777
- Taxes +€12,524
up €12,524 (+41.3%), from €30,308 to €42,832
- Depreciation +€4,816
up €4,816 (+53.4%), from €9,025 to €13,841
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 | €304,826 | €361,350 | +€56,525 | +18.5% |
| Fixed assets | 21/28 | €270,853 | €295,312 | +€24,459 | +9.0% |
| Tangible fixed assets | 22/27 | €45,853 | €70,312 | +€24,459 | +53.3% |
| Land and buildings | 22 | - | €34,915 | +€34,915 | |
| Furniture and vehicles | 24 | €45,853 | €35,397 | -€10,456 | -22.8% |
| Financial fixed assets | 28 | €225,000 | €225,000 | = | 0.0% |
| Current assets | 29/58 | €33,973 | €66,039 | +€32,066 | +94.4% |
| Amounts receivable within one year | 40/41 | €5,692 | €7,860 | +€2,168 | +38.1% |
| Other amounts receivable | 41 | €5,692 | €7,860 | +€2,168 | +38.1% |
| Cash at bank and in hand | 54/58 | €28,281 | €58,179 | +€29,898 | +105.7% |
| Total equity and liabilities | 10/49 | €304,826 | €361,350 | +€56,525 | +18.5% |
| Equity | 10/15 | €99,319 | €184,647 | +€85,328 | +85.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €94,319 | €179,647 | +€85,328 | +90.5% |
| Distributable reserves | 133 | €94,319 | €179,647 | +€85,328 | +90.5% |
| Amounts payable | 17/49 | €205,507 | €176,704 | -€28,803 | -14.0% |
| Amounts payable after more than one year | 17 | €173,800 | €142,707 | -€31,093 | -17.9% |
| Financial debts | 170/4 | €173,800 | €142,707 | -€31,093 | -17.9% |
| Amounts payable within one year | 42/48 | €31,707 | €33,928 | +€2,221 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €29,904 | €31,093 | +€1,188 | +4.0% |
| Trade debts | 44 | €477 | €171 | -€306 | -64.2% |
| Suppliers | 440/4 | €477 | €171 | -€306 | -64.2% |
| Other amounts payable | 47/48 | €1,326 | €2,664 | +€1,338 | +101.0% |
| Accrued charges and deferred income | 492/3 | - | €69 | +€69 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,025 | €13,841 | +€4,816 | +53.4% |
| Other operating charges | 640/8 | €4 | €141 | +€137 | +3329.3% |
| Gross operating margin | 9900 | €108,344 | €148,777 | +€40,432 | +37.3% |
| Operating profit (loss) | 9901 | €99,315 | €134,795 | +€35,480 | +35.7% |
| Financial income | 75/76B | €448 | €390 | -€58 | -12.9% |
| Recurring financial income | 75 | €448 | €390 | -€58 | -12.9% |
| Financial charges | 65/66B | €6,685 | €6,192 | -€492 | -7.4% |
| Recurring financial charges | 65 | €6,685 | €6,192 | -€492 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €93,079 | €128,993 | +€35,914 | +38.6% |
| Income taxes | 67/77 | €30,308 | €42,832 | +€12,524 | +41.3% |
| Profit (loss) for the period | 9904 | €62,771 | €86,161 | +€23,390 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €62,771 | €86,161 | +€23,390 | +37.3% |
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 11 October 2026 via checked.be.