FINPAR VI: what changed
FINPAR VI
Largest movements
- Receivables within one year -€2.0m
down €2.0m (-87.9%), from €2.3m to €281,566
- Cash +€1.7m
up €1.7m (+13,726%), from €12,275 to €1.7m
mainly Receivables within one year (+€2.0m) and Net result for the year (+€1.4m)
- Financial fixed assets +€854,264
up €854,264 (+5.9%), from €14.4m to €15.3m
of which Affiliated companies: +€1.1m
- Profit (loss) carried forward +€1.4m
up €1.4m, from -€1.2m to €179,009
- Debts after one year -€444,600
down €444,600 (-3.4%), from €13.0m to €12.6m
- Short-term financial debts -€267,695
no longer reported in 2025 (was €267,695)
- Accrued charges and deferred income -€228,927
down €228,927 (-40.5%), from €565,103 to €336,176
- Financial income +€1.5m
up €1.5m (+225%), from €667,663 to €2.2m
of which Non-recurring financial income: +€1.1m
- Financial charges -€908,872
down €908,872 (-55.0%), from €1.7m to €744,794
of which Non-recurring financial charges: -€777,644
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,815,076 | €17,261,784 | +€446,709 | +2.7% |
| Fixed assets | 21/28 | €14,428,929 | €15,283,193 | +€854,264 | +5.9% |
| Financial fixed assets | 28 | €14,428,929 | €15,283,193 | +€854,264 | +5.9% |
| Affiliated companies | 280/1 | €12,660,950 | €13,765,050 | +€1.1m | +8.7% |
| Participating interests | 280 | €12,660,950 | €13,765,050 | +€1.1m | +8.7% |
| Other financial fixed assets | 284/8 | €1,767,979 | €1,518,143 | -€249,836 | -14.1% |
| Shares | 284 | €1,767,979 | €1,518,143 | -€249,836 | -14.1% |
| Current assets | 29/58 | €2,386,147 | €1,978,592 | -€407,556 | -17.1% |
| Amounts receivable within one year | 40/41 | €2,329,862 | €281,566 | -€2.0m | -87.9% |
| Other amounts receivable | 41 | €2,329,862 | €281,566 | -€2.0m | -87.9% |
| Cash at bank and in hand | 54/58 | €12,275 | €1,697,025 | +€1.7m | +13,726% |
| Deferred charges and accrued income | 490/1 | €44,010 | - | -€44,010 | |
| Total equity and liabilities | 10/49 | €16,815,076 | €17,261,784 | +€446,709 | +2.7% |
| Equity | 10/15 | €2,496,078 | €3,884,009 | +€1.4m | +55.6% |
| Contributions | 10/11 | €3,705,000 | €3,705,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,208,922 | €179,009 | +€1.4m | |
| Amounts payable | 17/49 | €14,318,997 | €13,377,776 | -€941,222 | -6.6% |
| Amounts payable after more than one year | 17 | €13,041,600 | €12,597,000 | -€444,600 | -3.4% |
| Financial debts | 170/4 | €13,041,600 | €12,597,000 | -€444,600 | -3.4% |
| Credit institutions | 173 | €13,041,600 | €12,597,000 | -€444,600 | -3.4% |
| Amounts payable within one year | 42/48 | €712,295 | €444,600 | -€267,695 | -37.6% |
| Current portion of amounts payable after more than one year | 42 | €444,600 | €444,600 | = | 0.0% |
| Financial debts | 43 | €267,695 | - | -€267,695 | |
| Other loans | 439 | €267,695 | - | -€267,695 | |
| Accrued charges and deferred income | 492/3 | €565,103 | €336,176 | -€228,927 | -40.5% |
| Operating charges | 60/66A | €37,864 | €36,950 | -€914 | -2.4% |
| Services and other goods | 61 | €36,904 | €35,983 | -€921 | -2.5% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Operating profit (loss) | 9901 | -€37,864 | -€36,950 | +€914 | +2.4% |
| Financial income | 75/76B | €667,663 | €2,169,675 | +€1.5m | +225% |
| Recurring financial income | 75 | €667,663 | €1,065,575 | +€397,912 | +59.6% |
| Income from financial fixed assets | 750 | €595,663 | €994,360 | +€398,697 | +66.9% |
| Other financial income | 752/9 | €72,000 | €71,214 | -€785 | -1.1% |
| Non-recurring financial income | 76B | - | €1,104,100 | +€1.1m | |
| Financial charges | 65/66B | €1,653,666 | €744,794 | -€908,872 | -55.0% |
| Recurring financial charges | 65 | €626,186 | €494,959 | -€131,228 | -21.0% |
| Debt charges | 650 | €616,918 | €486,909 | -€130,010 | -21.1% |
| Other financial charges | 652/9 | €9,268 | €8,050 | -€1,218 | -13.1% |
| Non-recurring financial charges | 66B | €1,027,480 | €249,836 | -€777,644 | -75.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,023,868 | €1,387,930 | +€2.4m | |
| Profit (loss) for the period | 9904 | -€1,023,868 | €1,387,930 | +€2.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,023,868 | €1,387,930 | +€2.4m |
Next steps
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 8 November 2026 via checked.be.