FINOR: 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.
FINOR
Largest movements
- Tangible fixed assets -€13,566
down €13,566 (-4.9%), from €275,877 to €262,311
of which Land and buildings: -€9,524
- Cash +€3,110
up €3,110 (+13.6%), from €22,902 to €26,011
mainly Depreciation (+€13,566) and Net result for the year (+€1,584)
- Other debts -€12,000
down €12,000 (-12.5%), from €96,000 to €84,000
No income-statement line moved by more than 1% of the activity.
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 | €300,003 | €289,587 | -€10,416 | -3.5% |
| Fixed assets | 21/28 | €275,877 | €262,311 | -€13,566 | -4.9% |
| Tangible fixed assets | 22/27 | €275,877 | €262,311 | -€13,566 | -4.9% |
| Land and buildings | 22 | €244,844 | €235,320 | -€9,524 | -3.9% |
| Plant, machinery and equipment | 23 | €31,033 | €26,991 | -€4,042 | -13.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €24,126 | €27,276 | +€3,149 | +13.1% |
| Cash at bank and in hand | 54/58 | €22,902 | €26,011 | +€3,110 | +13.6% |
| Deferred charges and accrued income | 490/1 | €1,224 | €1,264 | +€40 | +3.3% |
| Total equity and liabilities | 10/49 | €300,003 | €289,587 | -€10,416 | -3.5% |
| Equity | 10/15 | €204,003 | €205,587 | +€1,584 | +0.8% |
| Contributions | 10/11 | €360,000 | €360,000 | = | 0.0% |
| Reserves | 13 | €124 | €124 | = | 0.0% |
| Distributable reserves | 133 | €124 | €124 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,121 | -€154,537 | +€1,584 | +1.0% |
| Amounts payable | 17/49 | €96,000 | €84,000 | -€12,000 | -12.5% |
| Amounts payable within one year | 42/48 | €96,000 | €84,000 | -€12,000 | -12.5% |
| Trade debts | 44 | €0 | €0 | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €96,000 | €84,000 | -€12,000 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,709 | €13,566 | -€144 | -1.0% |
| Other operating charges | 640/8 | €4,566 | €4,711 | +€144 | +3.2% |
| Gross operating margin | 9900 | €20,046 | €19,920 | -€125 | -0.6% |
| Operating profit (loss) | 9901 | €1,770 | €1,644 | -€126 | -7.1% |
| Financial charges | 65/66B | €63 | €60 | -€3 | -4.0% |
| Recurring financial charges | 65 | €63 | €60 | -€3 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | €1,707 | €1,584 | -€123 | -7.2% |
| Profit (loss) for the period | 9904 | €1,707 | €1,584 | -€123 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,707 | €1,584 | -€123 | -7.2% |
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 4 October 2026 via checked.be.