FINPAR X: 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 X
Largest movements
- Financial fixed assets -€1.9m
down €1.9m (-3.0%), from €61.8m to €59.9m
of which Other financial fixed assets: -€1.4m
- Receivables within one year +€1.1m
up €1.1m (+14,304%), from €7,471 to €1.1m
No liability line moved by more than 1% of the balance sheet total.
- Financial income +€4.0m
up €4.0m (+5,329%), from €74,707 to €4.1m
- Financial charges +€3.2m
up €3.2m (+259%), from €1.3m to €4.5m
of which Non-recurring financial charges: +€1.7m
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 | €61,865,146 | €61,083,101 | -€782,045 | -1.3% |
| Fixed assets | 21/28 | €61,791,963 | €59,914,984 | -€1.9m | -3.0% |
| Financial fixed assets | 28 | €61,791,963 | €59,914,984 | -€1.9m | -3.0% |
| Affiliated companies | 280/1 | €51,911,210 | €51,390,070 | -€521,140 | -1.0% |
| Participating interests | 280 | €51,911,210 | €51,390,070 | -€521,140 | -1.0% |
| Other financial fixed assets | 284/8 | €9,880,753 | €8,524,914 | -€1.4m | -13.7% |
| Shares | 284 | €9,880,753 | €8,524,914 | -€1.4m | -13.7% |
| Current assets | 29/58 | €73,183 | €1,168,116 | +€1.1m | +1,496% |
| Amounts receivable within one year | 40/41 | €7,471 | €1,076,072 | +€1.1m | +14,304% |
| Other amounts receivable | 41 | €7,471 | €1,076,072 | +€1.1m | +14,304% |
| Cash at bank and in hand | 54/58 | €65,712 | €92,044 | +€26,332 | +40.1% |
| Total equity and liabilities | 10/49 | €61,865,146 | €61,083,101 | -€782,045 | -1.3% |
| Equity | 10/15 | €4,999,598 | €4,483,731 | -€515,867 | -10.3% |
| Contributions | 10/11 | €6,224,610 | €6,224,610 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,225,012 | -€1,740,879 | -€515,867 | -42.1% |
| Amounts payable | 17/49 | €56,865,548 | €56,599,370 | -€266,179 | -0.5% |
| Amounts payable after more than one year | 17 | €56,021,490 | €56,021,490 | = | 0.0% |
| Financial debts | 170/4 | €56,021,490 | €56,021,490 | = | 0.0% |
| Other loans | 174 | €56,021,490 | €56,021,490 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,765 | €16,535 | -€2,230 | -11.9% |
| Taxes, remuneration and social security | 45 | €18,765 | €16,535 | -€2,230 | -11.9% |
| Taxes | 450/3 | €18,765 | €16,535 | -€2,230 | -11.9% |
| Accrued charges and deferred income | 492/3 | €825,293 | €561,345 | -€263,949 | -32.0% |
| Operating charges | 60/66A | €46,790 | €69,922 | +€23,132 | +49.4% |
| Services and other goods | 61 | €28,025 | €53,000 | +€24,975 | +89.1% |
| Other operating charges | 640/8 | €18,765 | €16,922 | -€1,843 | -9.8% |
| Operating profit (loss) | 9901 | -€46,790 | -€69,922 | -€23,132 | -49.4% |
| Financial income | 75/76B | €74,707 | €4,056,117 | +€4.0m | +5,329% |
| Recurring financial income | 75 | €74,707 | €4,056,117 | +€4.0m | +5,329% |
| Income from financial fixed assets | 750 | €74,707 | €4,053,123 | +€4.0m | +5,325% |
| Income from current assets | 751 | - | €2,994 | +€2,994 | |
| Financial charges | 65/66B | €1,252,929 | €4,502,061 | +€3.2m | +259% |
| Recurring financial charges | 65 | €864,389 | €2,386,401 | +€1.5m | +176% |
| Debt charges | 650 | €816,492 | €2,333,398 | +€1.5m | +186% |
| Other financial charges | 652/9 | €47,898 | €53,003 | +€5,106 | +10.7% |
| Non-recurring financial charges | 66B | €388,540 | €2,115,660 | +€1.7m | +445% |
| Profit (loss) for the period before taxes | 9903 | -€1,225,012 | -€515,867 | +€709,146 | +57.9% |
| Profit (loss) for the period | 9904 | -€1,225,012 | -€515,867 | +€709,146 | +57.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,225,012 | -€515,867 | +€709,146 | +57.9% |
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 20 October 2026 via checked.be.