FINORI: 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.
FINORI
Largest movements
- Current investments -€21,000
down €21,000 (-12.7%), from €165,000 to €144,000
- Receivables within one year +€7,791
up €7,791 (+7,950%), from €98 to €7,889
of which Trade receivables: +€7,889
- Cash +€5,699
up €5,699 (+186%), from €3,068 to €8,767
mainly Current investments (+€21,000) and Depreciation (+€1,146)
- Tangible fixed assets +€3,163
new in 2025: €3,163
- Profit (loss) carried forward -€2,058
down €2,058 (-1.4%), from €145,897 to €143,839
- Gross operating margin -€3,463
down €3,463 (-167%), from -€2,071 to -€5,534
- Depreciation +€1,146
new in 2025: €1,146
- Financial income +€902
up €902 (+17.9%), from €5,047 to €5,949
- Taxes +€597
up €597 (+139%), from €431 to €1,028
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 | €168,480 | €165,817 | -€2,663 | -1.6% |
| Fixed assets | 21/28 | - | €3,163 | +€3,163 | |
| Tangible fixed assets | 22/27 | - | €3,163 | +€3,163 | |
| Furniture and vehicles | 24 | - | €3,163 | +€3,163 | |
| Current assets | 29/58 | €168,480 | €162,654 | -€5,826 | -3.5% |
| Amounts receivable within one year | 40/41 | €98 | €7,889 | +€7,791 | +7,950% |
| Trade receivables | 40 | - | €7,889 | +€7,889 | |
| Other amounts receivable | 41 | €98 | - | -€98 | |
| Current investments | 50/53 | €165,000 | €144,000 | -€21,000 | -12.7% |
| Cash at bank and in hand | 54/58 | €3,068 | €8,767 | +€5,699 | +186% |
| Deferred charges and accrued income | 490/1 | €314 | €1,998 | +€1,684 | +536% |
| Total equity and liabilities | 10/49 | €168,480 | €165,817 | -€2,663 | -1.6% |
| Equity | 10/15 | €166,690 | €164,632 | -€2,058 | -1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,193 | €2,193 | = | 0.0% |
| Tax-exempt reserves | 132 | €333 | €333 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,897 | €143,839 | -€2,058 | -1.4% |
| Amounts payable | 17/49 | €1,790 | €1,185 | -€605 | -33.8% |
| Amounts payable within one year | 42/48 | €1,790 | €1,185 | -€605 | -33.8% |
| Trade debts | 44 | €1,774 | €122 | -€1,652 | -93.1% |
| Suppliers | 440/4 | €1,774 | €122 | -€1,652 | -93.1% |
| Taxes, remuneration and social security | 45 | - | €1,047 | +€1,047 | |
| Taxes | 450/3 | - | €1,047 | +€1,047 | |
| Other amounts payable | 47/48 | €16 | €16 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,146 | +€1,146 | |
| Other operating charges | 640/8 | €175 | €172 | -€3 | -1.7% |
| Gross operating margin | 9900 | -€2,071 | -€5,534 | -€3,463 | -167% |
| Operating profit (loss) | 9901 | -€2,246 | -€6,852 | -€4,606 | -205% |
| Financial income | 75/76B | €5,047 | €5,949 | +€902 | +17.9% |
| Recurring financial income | 75 | €5,047 | €5,949 | +€902 | +17.9% |
| Financial charges | 65/66B | €134 | €127 | -€7 | -5.2% |
| Recurring financial charges | 65 | €134 | €127 | -€7 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €2,667 | -€1,030 | -€3,697 | |
| Income taxes | 67/77 | €431 | €1,028 | +€597 | +139% |
| Profit (loss) for the period | 9904 | €2,236 | -€2,058 | -€4,294 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,236 | -€2,058 | -€4,294 |
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 28 October 2026 via checked.be.