FINPAR III: what changed
What changed
FINPAR III
filed annual accounts (NBB)
Net result for the year
€1.3m
2024 · -€225,476+€1.6m
Equity
€3.1m
2024 · €1.8m+€1.3m
Cash
€139,474
2024 · €24,076+€115,398
Balance sheet total
€16.4m
2024 · €15.2m+€1.2m
Largest movements
Assets
- Financial fixed assets +€987,932
up €987,932 (+6.6%), from €15.0m to €16.0m
of which Affiliated companies: +€987,932
Equity and liabilities
- Profit (loss) carried forward +€1.3m
up €1.3m (+66.7%), from -€2.0m to -€664,695
Income statement
- Financial income +€1.4m
up €1.4m (+245%), from €557,797 to €1.9m
of which Non-recurring financial income: +€987,932
- Financial charges -€188,912
down €188,912 (-25.6%), from €737,171 to €548,258
of which Non-recurring financial charges: -€98,793
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€225,476
Other operating charges
-€2,721
Other operating items
+€1,801
Financial income
+€1.4m
Financial charges
+€188,912
Result 2025
€1.3m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.1m
Investment
-€987,932
Financing
-€32,377
Cash 2024
€24,076
From operations (derived)
+€1.1m
Net result for the year
+€1.3m
Receivables within one year
-€123,775
Tax, wage and social debts
+€2,714
Accrued charges and deferred income
-€73,189
Investment (derived)
-€987,932
Investment in fixed assets (net)
-€987,932
Financing
-€32,377
Debts after one year
-€76,000
Short-term financial debts
+€43,623
Cash 2025
€139,474
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €15,159,431 | €16,386,535 | +€1.2m | +8.1% |
| Fixed assets | 21/28 | €14,987,938 | €15,975,870 | +€987,932 | +6.6% |
| Financial fixed assets | 28 | €14,987,938 | €15,975,870 | +€987,932 | +6.6% |
| Affiliated companies | 280/1 | €11,328,822 | €12,316,754 | +€987,932 | +8.7% |
| Participating interests | 280 | €11,328,822 | €12,316,754 | +€987,932 | +8.7% |
| Other financial fixed assets | 284/8 | €3,659,116 | €3,659,116 | = | 0.0% |
| Shares | 284 | €3,659,116 | €3,659,116 | = | 0.0% |
| Current assets | 29/58 | €171,493 | €410,665 | +€239,173 | +139% |
| Amounts receivable within one year | 40/41 | €147,417 | €271,192 | +€123,775 | +84.0% |
| Other amounts receivable | 41 | €147,417 | €271,192 | +€123,775 | +84.0% |
| Cash at bank and in hand | 54/58 | €24,076 | €139,474 | +€115,398 | +479% |
| Total equity and liabilities | 10/49 | €15,159,431 | €16,386,535 | +€1.2m | +8.1% |
| Equity | 10/15 | €1,789,128 | €3,119,085 | +€1.3m | +74.3% |
| Contributions | 10/11 | €3,723,780 | €3,723,780 | = | 0.0% |
| Capital | 10 | €3,723,780 | €3,723,780 | = | 0.0% |
| Issued capital | 100 | €3,723,780 | €3,723,780 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Legal reserve | 130 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,994,652 | -€664,695 | +€1.3m | +66.7% |
| Amounts payable | 17/49 | €13,370,303 | €13,267,450 | -€102,852 | -0.8% |
| Amounts payable after more than one year | 17 | €12,986,000 | €12,910,000 | -€76,000 | -0.6% |
| Financial debts | 170/4 | €12,986,000 | €12,910,000 | -€76,000 | -0.6% |
| Credit institutions | 173 | €12,986,000 | €12,910,000 | -€76,000 | -0.6% |
| Amounts payable within one year | 42/48 | €183,362 | €229,699 | +€46,337 | +25.3% |
| Financial debts | 43 | €176,728 | €220,352 | +€43,623 | +24.7% |
| Other loans | 439 | €176,728 | €220,352 | +€43,623 | +24.7% |
| Taxes, remuneration and social security | 45 | €6,633 | €9,347 | +€2,714 | +40.9% |
| Taxes | 450/3 | €6,633 | €9,347 | +€2,714 | +40.9% |
| Accrued charges and deferred income | 492/3 | €200,941 | €127,752 | -€73,189 | -36.4% |
| Operating charges | 60/66A | €46,103 | €47,022 | +€920 | +2.0% |
| Services and other goods | 61 | €38,509 | €36,708 | -€1,801 | -4.7% |
| Other operating charges | 640/8 | €7,594 | €10,315 | +€2,721 | +35.8% |
| Operating profit (loss) | 9901 | -€46,103 | -€47,022 | -€920 | -2.0% |
| Financial income | 75/76B | €557,797 | €1,925,237 | +€1.4m | +245% |
| Recurring financial income | 75 | €557,797 | €937,305 | +€379,508 | +68.0% |
| Income from financial fixed assets | 750 | €555,879 | €936,855 | +€380,976 | +68.5% |
| Income from current assets | 751 | €1,918 | €450 | -€1,468 | -76.5% |
| Non-recurring financial income | 76B | - | €987,932 | +€987,932 | |
| Financial charges | 65/66B | €737,171 | €548,258 | -€188,912 | -25.6% |
| Recurring financial charges | 65 | €638,377 | €548,258 | -€90,119 | -14.1% |
| Debt charges | 650 | €627,856 | €527,351 | -€100,505 | -16.0% |
| Other financial charges | 652/9 | €10,521 | €20,907 | +€10,386 | +98.7% |
| Non-recurring financial charges | 66B | €98,793 | - | -€98,793 | |
| Profit (loss) for the period before taxes | 9903 | -€225,476 | €1,329,957 | +€1.6m | |
| Profit (loss) for the period | 9904 | -€225,476 | €1,329,957 | +€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | -€225,476 | €1,329,957 | +€1.6m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.