Finterra: 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.
Finterra
Largest movements
- Receivables within one year +€90,620
up €90,620 (+151%), from €60,165 to €150,785
of which Trade receivables: +€90,772
- Cash -€6,679
down €6,679 (-17.5%), from €38,214 to €31,535
mainly Contributions, distributions and other (-€134,154) and Receivables within one year (-€90,620)
- Tangible fixed assets -€4,310
down €4,310 (-16.5%), from €26,109 to €21,799
- Other debts +€88,102
up €88,102 (+72.7%), from €121,159 to €209,260
- Tax, wage and social debts +€26,480
up €26,480 (+142%), from €18,706 to €45,186
of which Taxes: +€22,880
- Reserves -€13,771
down €13,771 (-100%), from €13,771 to €0
- Debts after one year -€12,102
down €12,102 (-35.1%), from €34,500 to €22,398
- Trade debts -€9,343
down €9,343 (-74.0%), from €12,633 to €3,290
- Gross operating margin +€141,088
up €141,088 (+487%), from €28,955 to €170,044
- Taxes +€36,699
up €36,699 (+633%), from €5,801 to €42,500
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 | €217,390 | €297,237 | +€79,847 | +36.7% |
| Fixed assets | 21/28 | €116,109 | €111,799 | -€4,310 | -3.7% |
| Tangible fixed assets | 22/27 | €26,109 | €21,799 | -€4,310 | -16.5% |
| Land and buildings | 22 | €13,178 | €11,152 | -€2,026 | -15.4% |
| Plant, machinery and equipment | 23 | €12,432 | €10,472 | -€1,960 | -15.8% |
| Furniture and vehicles | 24 | €499 | €175 | -€324 | -64.9% |
| Financial fixed assets | 28 | €90,000 | €90,000 | = | 0.0% |
| Current assets | 29/58 | €101,281 | €185,437 | +€84,156 | +83.1% |
| Amounts receivable after more than one year | 29 | €1,500 | €1,500 | = | 0.0% |
| Other amounts receivable | 291 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,165 | €150,785 | +€90,620 | +151% |
| Trade receivables | 40 | €57,813 | €148,586 | +€90,772 | +157% |
| Other amounts receivable | 41 | €2,352 | €2,199 | -€153 | -6.5% |
| Cash at bank and in hand | 54/58 | €38,214 | €31,535 | -€6,679 | -17.5% |
| Deferred charges and accrued income | 490/1 | €1,402 | €1,618 | +€216 | +15.4% |
| Total equity and liabilities | 10/49 | €217,390 | €297,237 | +€79,847 | +36.7% |
| Equity | 10/15 | €18,771 | €5,000 | -€13,771 | -73.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €13,771 | €0 | -€13,771 | -100% |
| Distributable reserves | 133 | €13,771 | €0 | -€13,771 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €198,619 | €292,237 | +€93,618 | +47.1% |
| Amounts payable after more than one year | 17 | €34,500 | €22,398 | -€12,102 | -35.1% |
| Financial debts | 170/4 | €34,500 | €22,398 | -€12,102 | -35.1% |
| Amounts payable within one year | 42/48 | €164,118 | €269,839 | +€105,720 | +64.4% |
| Current portion of amounts payable after more than one year | 42 | €11,621 | €12,102 | +€481 | +4.1% |
| Trade debts | 44 | €12,633 | €3,290 | -€9,343 | -74.0% |
| Suppliers | 440/4 | €12,633 | €3,290 | -€9,343 | -74.0% |
| Taxes, remuneration and social security | 45 | €18,706 | €45,186 | +€26,480 | +142% |
| Taxes | 450/3 | €18,706 | €41,586 | +€22,880 | +122% |
| Remuneration and social security | 454/9 | - | €3,600 | +€3,600 | |
| Other amounts payable | 47/48 | €121,159 | €209,260 | +€88,102 | +72.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,280 | €4,310 | -€970 | -18.4% |
| Other operating charges | 640/8 | €1,079 | €1,114 | +€36 | +3.3% |
| Gross operating margin | 9900 | €28,955 | €170,044 | +€141,088 | +487% |
| Operating profit (loss) | 9901 | €22,596 | €164,619 | +€142,023 | +629% |
| Financial income | 75/76B | €90 | €90 | = | 0.0% |
| Recurring financial income | 75 | €90 | €90 | = | 0.0% |
| Financial charges | 65/66B | €3,114 | €1,826 | -€1,287 | -41.3% |
| Recurring financial charges | 65 | €3,114 | €1,826 | -€1,287 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €19,572 | €162,883 | +€143,310 | +732% |
| Income taxes | 67/77 | €5,801 | €42,500 | +€36,699 | +633% |
| Profit (loss) for the period | 9904 | €13,771 | €120,383 | +€106,611 | +774% |
| Profit (loss) for the period to be appropriated | 9905 | €13,771 | €120,383 | +€106,611 | +774% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.