FINPAR V: 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.
FINPAR V
Largest movements
- Receivables within one year -€1.9m
down €1.9m (-86.4%), from €2.2m to €298,699
- Cash +€1.1m
up €1.1m (+7,551%), from €14,821 to €1.1m
mainly Receivables within one year (+€1.9m) and Net result for the year (+€770,996)
- Financial fixed assets +€216,784
up €216,784 (+1.4%), from €15.1m to €15.4m
of which Affiliated companies: +€449,420
- Short-term financial debts -€824,199
no longer reported in 2025 (was €824,199)
- Profit (loss) carried forward +€770,996
up €770,996 (+133%), from €578,941 to €1.3m
- Debts after one year -€418,260
down €418,260 (-3.5%), from €11.9m to €11.4m
- Financial income +€874,714
up €874,714 (+127%), from €688,648 to €1.6m
of which Non-recurring financial income: +€449,420
- Financial charges -€839,806
down €839,806 (-52.7%), from €1.6m to €754,129
of which Non-recurring financial charges: -€738,958
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 | €17,383,889 | €16,787,852 | -€596,037 | -3.4% |
| Fixed assets | 21/28 | €15,138,498 | €15,355,282 | +€216,784 | +1.4% |
| Financial fixed assets | 28 | €15,138,498 | €15,355,282 | +€216,784 | +1.4% |
| Affiliated companies | 280/1 | €13,492,236 | €13,941,656 | +€449,420 | +3.3% |
| Participating interests | 280 | €13,492,236 | €13,941,656 | +€449,420 | +3.3% |
| Other financial fixed assets | 284/8 | €1,646,262 | €1,413,626 | -€232,636 | -14.1% |
| Shares | 284 | €1,646,262 | €1,413,626 | -€232,636 | -14.1% |
| Current assets | 29/58 | €2,245,391 | €1,432,570 | -€812,821 | -36.2% |
| Amounts receivable within one year | 40/41 | €2,189,589 | €298,699 | -€1.9m | -86.4% |
| Other amounts receivable | 41 | €2,189,589 | €298,699 | -€1.9m | -86.4% |
| Cash at bank and in hand | 54/58 | €14,821 | €1,133,871 | +€1.1m | +7,551% |
| Deferred charges and accrued income | 490/1 | €40,981 | - | -€40,981 | |
| Total equity and liabilities | 10/49 | €17,383,889 | €16,787,852 | -€596,037 | -3.4% |
| Equity | 10/15 | €4,064,361 | €4,835,358 | +€770,996 | +19.0% |
| Contributions | 10/11 | €3,485,420 | €3,485,420 | = | 0.0% |
| Profit (loss) carried forward | 14 | €578,941 | €1,349,938 | +€770,996 | +133% |
| Amounts payable | 17/49 | €13,319,528 | €11,952,494 | -€1.4m | -10.3% |
| Amounts payable after more than one year | 17 | €11,850,700 | €11,432,440 | -€418,260 | -3.5% |
| Financial debts | 170/4 | €11,850,700 | €11,432,440 | -€418,260 | -3.5% |
| Credit institutions | 173 | €11,850,700 | €11,432,440 | -€418,260 | -3.5% |
| Amounts payable within one year | 42/48 | €1,242,459 | €418,260 | -€824,199 | -66.3% |
| Current portion of amounts payable after more than one year | 42 | €418,260 | €418,260 | = | 0.0% |
| Financial debts | 43 | €824,199 | - | -€824,199 | |
| Other loans | 439 | €824,199 | - | -€824,199 | |
| Accrued charges and deferred income | 492/3 | €226,369 | €101,794 | -€124,574 | -55.0% |
| Operating charges | 60/66A | €40,428 | €38,237 | -€2,192 | -5.4% |
| Services and other goods | 61 | €39,468 | €37,269 | -€2,199 | -5.6% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Operating profit (loss) | 9901 | -€40,428 | -€38,237 | +€2,192 | +5.4% |
| Financial income | 75/76B | €688,648 | €1,563,362 | +€874,714 | +127% |
| Recurring financial income | 75 | €688,648 | €1,113,942 | +€425,294 | +61.8% |
| Income from financial fixed assets | 750 | €621,604 | €1,047,629 | +€426,025 | +68.5% |
| Other financial income | 752/9 | €67,044 | €66,313 | -€731 | -1.1% |
| Non-recurring financial income | 76B | - | €449,420 | +€449,420 | |
| Financial charges | 65/66B | €1,593,935 | €754,129 | -€839,806 | -52.7% |
| Recurring financial charges | 65 | €622,341 | €521,493 | -€100,848 | -16.2% |
| Debt charges | 650 | €613,639 | €513,925 | -€99,715 | -16.2% |
| Other financial charges | 652/9 | €8,702 | €7,568 | -€1,134 | -13.0% |
| Non-recurring financial charges | 66B | €971,594 | €232,636 | -€738,958 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | -€945,715 | €770,996 | +€1.7m | |
| Profit (loss) for the period | 9904 | -€945,715 | €770,996 | +€1.7m | |
| Profit (loss) for the period to be appropriated | 9905 | -€945,715 | €770,996 | +€1.7m |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.