Fintheia: 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.
Fintheia
Largest movements
- Current investments -€25,000
no longer reported in 2025 (was €25,000)
- Cash -€20,749
down €20,749 (-43.4%), from €47,773 to €27,023
mainly Contributions, distributions and other (-€127,807) and Receivables within one year (-€16,586)
- Receivables within one year +€16,586
up €16,586 (+2,504%), from €662 to €17,249
- Tangible fixed assets +€5,157
up €5,157 (+145%), from €3,565 to €8,722
of which Other tangible fixed assets: +€5,477
- Reserves -€37,204
no longer reported in 2025 (was €37,204)
- Other debts +€13,477
up €13,477 (+67.3%), from €20,025 to €33,502
- Tax, wage and social debts -€991
down €991 (-92.1%), from €1,076 to €85
- Trade debts +€811
up €811 (+44.9%), from €1,806 to €2,617
- Gross operating margin -€18,237
down €18,237 (-13.2%), from €137,789 to €119,552
- Taxes -€5,081
down €5,081 (-16.3%), from €31,115 to €26,034
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 | €78,711 | €54,804 | -€23,907 | -30.4% |
| Fixed assets | 21/28 | €3,565 | €8,722 | +€5,157 | +145% |
| Tangible fixed assets | 22/27 | €3,565 | €8,722 | +€5,157 | +145% |
| Furniture and vehicles | 24 | €3,565 | €3,246 | -€319 | -9.0% |
| Other tangible fixed assets | 26 | - | €5,477 | +€5,477 | |
| Current assets | 29/58 | €75,146 | €46,082 | -€29,065 | -38.7% |
| Amounts receivable within one year | 40/41 | €662 | €17,249 | +€16,586 | +2,504% |
| Other amounts receivable | 41 | €662 | €17,249 | +€16,586 | +2,504% |
| Current investments | 50/53 | €25,000 | - | -€25,000 | |
| Cash at bank and in hand | 54/58 | €47,773 | €27,023 | -€20,749 | -43.4% |
| Deferred charges and accrued income | 490/1 | €1,711 | €1,810 | +€98 | +5.7% |
| Total equity and liabilities | 10/49 | €78,711 | €54,804 | -€23,907 | -30.4% |
| Equity | 10/15 | €55,804 | €18,600 | -€37,204 | -66.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,204 | - | -€37,204 | |
| Distributable reserves | 133 | €37,204 | - | -€37,204 | |
| Amounts payable | 17/49 | €22,907 | €36,204 | +€13,297 | +58.0% |
| Amounts payable within one year | 42/48 | €22,907 | €36,204 | +€13,297 | +58.0% |
| Trade debts | 44 | €1,806 | €2,617 | +€811 | +44.9% |
| Suppliers | 440/4 | €1,806 | €2,617 | +€811 | +44.9% |
| Taxes, remuneration and social security | 45 | €1,076 | €85 | -€991 | -92.1% |
| Taxes | 450/3 | €1,076 | €85 | -€991 | -92.1% |
| Other amounts payable | 47/48 | €20,025 | €33,502 | +€13,477 | +67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,452 | €2,257 | +€806 | +55.5% |
| Other operating charges | 640/8 | €729 | €934 | +€205 | +28.1% |
| Gross operating margin | 9900 | €137,789 | €119,552 | -€18,237 | -13.2% |
| Operating profit (loss) | 9901 | €135,609 | €116,361 | -€19,248 | -14.2% |
| Financial income | 75/76B | €1,611 | €392 | -€1,219 | -75.6% |
| Recurring financial income | 75 | €1,611 | €392 | -€1,219 | -75.6% |
| Financial charges | 65/66B | €117 | €117 | -€0 | -0.2% |
| Recurring financial charges | 65 | €117 | €117 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €137,103 | €116,636 | -€20,467 | -14.9% |
| Income taxes | 67/77 | €31,115 | €26,034 | -€5,081 | -16.3% |
| Profit (loss) for the period | 9904 | €105,988 | €90,603 | -€15,386 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €105,988 | €90,603 | -€15,386 | -14.5% |
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 18 October 2026 via checked.be.