FINROE: what changed
Two fiscal 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.
FINROE
Largest movements
- Receivables after one year -€169,000
down €169,000 (-100.0%), from €169,000 to €0
- Cash +€82,159
up €82,159 (+174.2%), from €47,160 to €129,318
mainly Receivables after one year (+€169,000) and Net result for the year (+€47,072)
- Other debts -€135,110
down €135,110 (-12.1%), from €1.1m to €977,212
- Reserves +€47,072
up €47,072 (+2.5%), from €1.9m to €2.0m
of which Distributable reserves: +€47,072
- Taxes +€9,941
up €9,941 (+95.5%), from €10,411 to €20,352
- Financial income +€4,355
up €4,355 (+62.2%), from €6,998 to €11,354
- Financial charges +€3,725
up €3,725 (+12.2%), from €30,535 to €34,260
- Gross operating margin -€3,164
down €3,164 (-2.8%), from €111,741 to €108,577
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.
Cash bridge derived
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 | €3,478,978 | €3,387,690 | -€91,288 | -2.6% |
| Fixed assets | 21/28 | €2,003,789 | €1,989,609 | -€14,180 | -0.7% |
| Tangible fixed assets | 22/27 | €191,780 | €177,600 | -€14,180 | -7.4% |
| Land and buildings | 22 | €191,780 | €177,600 | -€14,180 | -7.4% |
| Financial fixed assets | 28 | €1,812,009 | €1,812,009 | = | 0.0% |
| Current assets | 29/58 | €1,475,189 | €1,398,081 | -€77,108 | -5.2% |
| Amounts receivable after more than one year | 29 | €169,000 | €0 | -€169,000 | -100.0% |
| Other amounts receivable | 291 | €169,000 | €0 | -€169,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €30,250 | €30,384 | +€134 | +0.4% |
| Trade receivables | 40 | €30,250 | €30,250 | = | 0.0% |
| Other amounts receivable | 41 | €0 | €134 | +€134 | |
| Current investments | 50/53 | €1,228,518 | €1,238,379 | +€9,861 | +0.8% |
| Cash at bank and in hand | 54/58 | €47,160 | €129,318 | +€82,159 | +174.2% |
| Deferred charges and accrued income | 490/1 | €262 | €0 | -€262 | -100.0% |
| Total equity and liabilities | 10/49 | €3,478,978 | €3,387,690 | -€91,288 | -2.6% |
| Equity | 10/15 | €2,352,547 | €2,399,619 | +€47,072 | +2.0% |
| Contributions | 10/11 | €438,640 | €438,640 | = | 0.0% |
| Reserves | 13 | €1,913,907 | €1,960,979 | +€47,072 | +2.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,913,907 | €1,960,979 | +€47,072 | +2.5% |
| Amounts payable | 17/49 | €1,126,432 | €988,071 | -€138,360 | -12.3% |
| Amounts payable within one year | 42/48 | €1,125,432 | €987,071 | -€138,360 | -12.3% |
| Trade debts | 44 | €1,049 | €1,726 | +€676 | +64.5% |
| Suppliers | 440/4 | €1,049 | €1,726 | +€676 | +64.5% |
| Taxes, remuneration and social security | 45 | €12,060 | €8,133 | -€3,927 | -32.6% |
| Taxes | 450/3 | €12,060 | €8,133 | -€3,927 | -32.6% |
| Other amounts payable | 47/48 | €1,112,322 | €977,212 | -€135,110 | -12.1% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,330 | €14,180 | -€150 | -1.0% |
| Other operating charges | 640/8 | €3,710 | €4,066 | +€356 | +9.6% |
| Gross operating margin | 9900 | €111,741 | €108,577 | -€3,164 | -2.8% |
| Operating profit (loss) | 9901 | €93,701 | €90,331 | -€3,370 | -3.6% |
| Financial income | 75/76B | €6,998 | €11,354 | +€4,355 | +62.2% |
| Recurring financial income | 75 | €6,998 | €11,354 | +€4,355 | +62.2% |
| Financial charges | 65/66B | €30,535 | €34,260 | +€3,725 | +12.2% |
| Recurring financial charges | 65 | €30,535 | €34,260 | +€3,725 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €70,165 | €67,425 | -€2,740 | -3.9% |
| Income taxes | 67/77 | €10,411 | €20,352 | +€9,941 | +95.5% |
| Profit (loss) for the period | 9904 | €59,753 | €47,072 | -€12,681 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,753 | €47,072 | -€12,681 | -21.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.