FINPAR VIII: 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 VIII
Largest movements
- Financial fixed assets +€7.3m
up €7.3m (+6.7%), from €109.0m to €116.3m
- Profit (loss) carried forward +€9.2m
up €9.2m (+52.0%), from -€17.7m to -€8.5m
- Financial income +€10.0m
up €10.0m (+304%), from €3.3m to €13.3m
of which Non-recurring financial income: +€7.3m
- Financial charges -€1.5m
down €1.5m (-27.1%), from €5.6m to €4.1m
of which Financial charges: -€782,180
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 | €110,000,597 | €118,129,489 | +€8.1m | +7.4% |
| Fixed assets | 21/28 | €108,998,236 | €116,320,805 | +€7.3m | +6.7% |
| Financial fixed assets | 28 | €108,998,236 | €116,320,805 | +€7.3m | +6.7% |
| Affiliated companies | 280/1 | €108,998,236 | €116,320,805 | +€7.3m | +6.7% |
| Participating interests | 280 | €108,998,236 | €116,320,805 | +€7.3m | +6.7% |
| Current assets | 29/58 | €1,002,361 | €1,808,684 | +€806,323 | +80.4% |
| Amounts receivable within one year | 40/41 | €990,347 | €1,800,632 | +€810,284 | +81.8% |
| Other amounts receivable | 41 | €990,347 | €1,800,632 | +€810,284 | +81.8% |
| Cash at bank and in hand | 54/58 | €12,013 | €8,053 | -€3,961 | -33.0% |
| Total equity and liabilities | 10/49 | €110,000,597 | €118,129,489 | +€8.1m | +7.4% |
| Equity | 10/15 | €1,423,753 | €10,605,140 | +€9.2m | +645% |
| Contributions | 10/11 | €19,092,790 | €19,092,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,669,037 | -€8,487,650 | +€9.2m | +52.0% |
| Amounts payable | 17/49 | €108,576,844 | €107,524,348 | -€1.1m | -1.0% |
| Amounts payable after more than one year | 17 | €106,065,000 | €106,065,000 | = | 0.0% |
| Financial debts | 170/4 | €106,065,000 | €106,065,000 | = | 0.0% |
| Other loans | 174 | €106,065,000 | €106,065,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €629,402 | €259,117 | -€370,286 | -58.8% |
| Financial debts | 43 | €629,402 | €259,117 | -€370,286 | -58.8% |
| Other loans | 439 | €629,402 | €259,117 | -€370,286 | -58.8% |
| Accrued charges and deferred income | 492/3 | €1,882,442 | €1,200,232 | -€682,210 | -36.2% |
| Operating charges | 60/66A | €76,567 | €75,286 | -€1,281 | -1.7% |
| Services and other goods | 61 | €76,183 | €74,319 | -€1,864 | -2.4% |
| Other operating charges | 640/8 | €384 | €968 | +€583 | +152% |
| Operating profit (loss) | 9901 | -€76,567 | -€75,286 | +€1,281 | +1.7% |
| Financial income | 75/76B | €3,301,158 | €13,324,673 | +€10.0m | +304% |
| Recurring financial income | 75 | €3,301,158 | €6,002,105 | +€2.7m | +81.8% |
| Income from financial fixed assets | 750 | €3,301,158 | €6,002,105 | +€2.7m | +81.8% |
| Non-recurring financial income | 76B | - | €7,322,568 | +€7.3m | |
| Financial charges | 65/66B | €5,582,436 | €4,068,000 | -€1.5m | -27.1% |
| Recurring financial charges | 65 | €4,850,180 | €4,068,000 | -€782,180 | -16.1% |
| Debt charges | 650 | €4,849,567 | €4,067,374 | -€782,193 | -16.1% |
| Other financial charges | 652/9 | €612 | €626 | +€13 | +2.2% |
| Non-recurring financial charges | 66B | €732,257 | - | -€732,257 | |
| Profit (loss) for the period before taxes | 9903 | -€2,357,846 | €9,181,387 | +€11.5m | |
| Profit (loss) for the period | 9904 | -€2,357,846 | €9,181,387 | +€11.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,357,846 | €9,181,387 | +€11.5m |
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 29 October 2026 via checked.be.