FINSIS: 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.
FINSIS
Largest movements
- Cash +€42,298
up €42,298 (+171.5%), from €24,660 to €66,958
mainly Net result for the year (+€65,413) and Depreciation (+€24,981)
- Tangible fixed assets +€16,611
up €16,611 (+3.3%), from €502,768 to €519,379
of which Land and buildings: +€25,938
- Receivables within one year -€7,908
down €7,908 (-15.1%), from €52,209 to €44,301
of which Trade receivables: -€10,210
- Deferred charges and accrued income -€7,156
down €7,156 (-36.8%), from €19,456 to €12,300
- Reserves +€64,580
up €64,580 (+35.2%), from €183,469 to €248,049
- Other debts -€14,317
down €14,317 (-25.0%), from €57,282 to €42,965
- Short-term financial debts +€9,311
up €9,311 (+84.9%), from €10,964 to €20,275
- Gross operating margin -€16,470
down €16,470 (-11.1%), from €148,315 to €131,844
- Taxes -€4,887
down €4,887 (-15.9%), from €30,664 to €25,777
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 | €607,742 | €648,040 | +€40,297 | +6.6% |
| Fixed assets | 21/28 | €511,417 | €524,480 | +€13,063 | +2.6% |
| Intangible fixed assets | 21 | €8,649 | €5,101 | -€3,548 | -41.0% |
| Tangible fixed assets | 22/27 | €502,768 | €519,379 | +€16,611 | +3.3% |
| Land and buildings | 22 | €353,489 | €379,427 | +€25,938 | +7.3% |
| Plant, machinery and equipment | 23 | €1,708 | €3,141 | +€1,433 | +83.9% |
| Furniture and vehicles | 24 | €9,650 | €7,299 | -€2,351 | -24.4% |
| Other tangible fixed assets | 26 | €137,921 | €129,512 | -€8,408 | -6.1% |
| Current assets | 29/58 | €96,325 | €123,560 | +€27,234 | +28.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €52,209 | €44,301 | -€7,908 | -15.1% |
| Trade receivables | 40 | €52,209 | €41,998 | -€10,210 | -19.6% |
| Other amounts receivable | 41 | - | €2,303 | +€2,303 | |
| Cash at bank and in hand | 54/58 | €24,660 | €66,958 | +€42,298 | +171.5% |
| Deferred charges and accrued income | 490/1 | €19,456 | €12,300 | -€7,156 | -36.8% |
| Total equity and liabilities | 10/49 | €607,742 | €648,040 | +€40,297 | +6.6% |
| Equity | 10/15 | €187,189 | €251,769 | +€64,580 | +34.5% |
| Contributions | 10/11 | €3,720 | €3,720 | = | 0.0% |
| Reserves | 13 | €183,469 | €248,049 | +€64,580 | +35.2% |
| Distributable reserves | 133 | €183,469 | €248,049 | +€64,580 | +35.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €420,554 | €396,271 | -€24,283 | -5.8% |
| Amounts payable after more than one year | 17 | €289,611 | €286,075 | -€3,536 | -1.2% |
| Financial debts | 170/4 | €289,611 | €286,075 | -€3,536 | -1.2% |
| Amounts payable within one year | 42/48 | €129,890 | €109,575 | -€20,315 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €28,157 | €24,976 | -€3,181 | -11.3% |
| Financial debts | 43 | €10,964 | €20,275 | +€9,311 | +84.9% |
| Credit institutions | 430/8 | €10,964 | €20,275 | +€9,311 | +84.9% |
| Trade debts | 44 | €13,106 | €6,880 | -€6,227 | -47.5% |
| Suppliers | 440/4 | €13,106 | €6,880 | -€6,227 | -47.5% |
| Taxes, remuneration and social security | 45 | €20,380 | €14,478 | -€5,902 | -29.0% |
| Taxes | 450/3 | €20,380 | €14,478 | -€5,902 | -29.0% |
| Other amounts payable | 47/48 | €57,282 | €42,965 | -€14,317 | -25.0% |
| Accrued charges and deferred income | 492/3 | €1,053 | €621 | -€432 | -41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,243 | €24,981 | -€262 | -1.0% |
| Other operating charges | 640/8 | €2,110 | €3,255 | +€1,145 | +54.3% |
| Non-recurring operating charges | 66A | €3,721 | €0 | -€3,721 | -100.0% |
| Gross operating margin | 9900 | €148,315 | €131,844 | -€16,470 | -11.1% |
| Operating profit (loss) | 9901 | €117,242 | €103,609 | -€13,633 | -11.6% |
| Financial income | 75/76B | €54 | €45 | -€9 | -17.3% |
| Recurring financial income | 75 | €54 | €45 | -€9 | -17.3% |
| Financial charges | 65/66B | €13,608 | €12,463 | -€1,144 | -8.4% |
| Recurring financial charges | 65 | €13,608 | €12,463 | -€1,144 | -8.4% |
| Profit (loss) for the period before taxes | 9903 | €103,688 | €91,190 | -€12,498 | -12.1% |
| Income taxes | 67/77 | €30,664 | €25,777 | -€4,887 | -15.9% |
| Profit (loss) for the period | 9904 | €73,024 | €65,413 | -€7,611 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €73,024 | €65,413 | -€7,611 | -10.4% |
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 4 October 2026 via checked.be.