FINOLINI: 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.
FINOLINI
Largest movements
- Cash -€23,802
down €23,802 (-57.7%), from €41,257 to €17,455
mainly Net result for the year (-€23,497) and Investment in fixed assets (net) (-€1,940)
- Tangible fixed assets -€1,611
down €1,611 (-29.5%), from €5,452 to €3,841
of which Furniture and vehicles: -€3,462
- Receivables within one year +€1,474
up €1,474 (+191.0%), from €772 to €2,246
of which Trade receivables: +€2,151
- Profit (loss) carried forward -€23,497
down €23,497 (-83.9%), from €27,996 to €4,499
- Tax, wage and social debts -€699
down €699 (-100.0%), from €699 to €0
- Gross operating margin -€30,120
down €30,120, from €10,780 to -€19,340
- Taxes -€2,477
down €2,477 (-100.0%), from €2,477 to €0
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 | €47,714 | €23,784 | -€23,930 | -50.2% |
| Fixed assets | 21/28 | €5,452 | €3,841 | -€1,611 | -29.5% |
| Tangible fixed assets | 22/27 | €5,452 | €3,841 | -€1,611 | -29.5% |
| Plant, machinery and equipment | 23 | - | €1,852 | +€1,852 | |
| Furniture and vehicles | 24 | €5,452 | €1,990 | -€3,462 | -63.5% |
| Current assets | 29/58 | €42,262 | €19,943 | -€22,319 | -52.8% |
| Amounts receivable within one year | 40/41 | €772 | €2,246 | +€1,474 | +191.0% |
| Trade receivables | 40 | - | €2,151 | +€2,151 | |
| Other amounts receivable | 41 | €772 | €96 | -€676 | -87.6% |
| Cash at bank and in hand | 54/58 | €41,257 | €17,455 | -€23,802 | -57.7% |
| Deferred charges and accrued income | 490/1 | €233 | €242 | +€9 | +3.8% |
| Total equity and liabilities | 10/49 | €47,714 | €23,784 | -€23,930 | -50.2% |
| Equity | 10/15 | €40,396 | €16,899 | -€23,497 | -58.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,996 | €4,499 | -€23,497 | -83.9% |
| Amounts payable | 17/49 | €7,318 | €6,885 | -€433 | -5.9% |
| Amounts payable within one year | 42/48 | €7,318 | €6,885 | -€433 | -5.9% |
| Trade debts | 44 | €668 | €799 | +€131 | +19.6% |
| Suppliers | 440/4 | €668 | €799 | +€131 | +19.6% |
| Advances received on contracts in progress | 46 | €0 | €400 | +€400 | |
| Taxes, remuneration and social security | 45 | €699 | €0 | -€699 | -100.0% |
| Taxes | 450/3 | €699 | €0 | -€699 | -100.0% |
| Other amounts payable | 47/48 | €5,950 | €5,686 | -€265 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,620 | €3,551 | -€69 | -1.9% |
| Other operating charges | 640/8 | €455 | €465 | +€10 | +2.3% |
| Gross operating margin | 9900 | €10,780 | -€19,340 | -€30,120 | |
| Operating profit (loss) | 9901 | €6,705 | -€23,356 | -€30,061 | |
| Financial charges | 65/66B | €228 | €141 | -€88 | -38.4% |
| Recurring financial charges | 65 | €228 | €141 | -€88 | -38.4% |
| Profit (loss) for the period before taxes | 9903 | €6,476 | -€23,497 | -€29,973 | |
| Income taxes | 67/77 | €2,477 | €0 | -€2,477 | -100.0% |
| Profit (loss) for the period | 9904 | €4,000 | -€23,497 | -€27,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,000 | -€23,497 | -€27,496 |
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 10 October 2026 via checked.be.