FINURA: 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.
FINURA
Largest movements
- Cash -€538,816
down €538,816 (-56.9%), from €947,453 to €408,637
mainly Contributions, distributions and other (-€1.8m) and Deferred charges and accrued income (-€18,141)
- Profit (loss) carried forward -€5.2m
down €5.2m (-19.9%), from €26.0m to €20.9m
- Reserves +€4.6m
up €4.6m (+220%), from €2.1m to €6.7m
of which Non-distributable reserves: +€5.2m
- Financial income +€1.0m
up €1.0m (+76.6%), from €1.3m to €2.3m
- Financial charges +€484,587
up €484,587, from -€96,743 to €387,844
- Taxes +€155,831
up €155,831 (+71.2%), from €218,771 to €374,602
- Gross operating margin -€57,839
down €57,839 (-23.2%), from -€249,445 to -€307,284
- Other operating charges +€8,159
up €8,159 (+25.6%), from €31,880 to €40,039
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 | €31,084,428 | €30,554,090 | -€530,338 | -1.7% |
| Current assets | 29/58 | €31,084,428 | €30,554,090 | -€530,338 | -1.7% |
| Amounts receivable within one year | 40/41 | €25,740 | €2,740 | -€23,000 | -89.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €25,740 | €2,740 | -€23,000 | -89.4% |
| Current investments | 50/53 | €30,042,507 | €30,055,846 | +€13,338 | 0.0% |
| Cash at bank and in hand | 54/58 | €947,453 | €408,637 | -€538,816 | -56.9% |
| Deferred charges and accrued income | 490/1 | €68,728 | €86,868 | +€18,141 | +26.4% |
| Total equity and liabilities | 10/49 | €31,084,428 | €30,554,090 | -€530,338 | -1.7% |
| Equity | 10/15 | €31,012,116 | €30,424,156 | -€587,960 | -1.9% |
| Contributions | 10/11 | €2,879,250 | €2,879,250 | = | 0.0% |
| Reserves | 13 | €2,082,962 | €6,674,924 | +€4.6m | +220% |
| Non-distributable reserves | 130/1 | - | €5,192,513 | +€5.2m | |
| Own shares acquired | 1312 | - | €5,192,513 | +€5.2m | |
| Distributable reserves | 133 | €2,082,962 | €1,482,411 | -€600,550 | -28.8% |
| Profit (loss) carried forward | 14 | €26,049,905 | €20,869,982 | -€5.2m | -19.9% |
| Amounts payable | 17/49 | €72,312 | €129,934 | +€57,622 | +79.7% |
| Amounts payable within one year | 42/48 | €62,182 | €120,117 | +€57,935 | +93.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,425 | €0 | -€2,425 | -100% |
| Suppliers | 440/4 | €2,425 | €0 | -€2,425 | -100% |
| Taxes, remuneration and social security | 45 | €59,757 | €75,117 | +€15,360 | +25.7% |
| Taxes | 450/3 | €59,757 | €75,117 | +€15,360 | +25.7% |
| Other amounts payable | 47/48 | €0 | €45,000 | +€45,000 | |
| Accrued charges and deferred income | 492/3 | €10,130 | €9,818 | -€313 | -3.1% |
| Other operating charges | 640/8 | €31,880 | €40,039 | +€8,159 | +25.6% |
| Gross operating margin | 9900 | -€249,445 | -€307,284 | -€57,839 | -23.2% |
| Operating profit (loss) | 9901 | -€281,325 | -€347,323 | -€65,998 | -23.5% |
| Financial income | 75/76B | €1,312,717 | €2,318,005 | +€1.0m | +76.6% |
| Recurring financial income | 75 | €1,312,717 | €2,318,005 | +€1.0m | +76.6% |
| Financial charges | 65/66B | -€96,743 | €387,844 | +€484,587 | |
| Recurring financial charges | 65 | -€96,743 | €387,844 | +€484,587 | |
| Profit (loss) for the period before taxes | 9903 | €1,128,135 | €1,582,838 | +€454,703 | +40.3% |
| Income taxes | 67/77 | €218,771 | €374,602 | +€155,831 | +71.2% |
| Profit (loss) for the period | 9904 | €909,364 | €1,208,235 | +€298,872 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €909,364 | €1,208,235 | +€298,872 | +32.9% |
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 27 October 2026 via checked.be.