FINWALL: 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.
FINWALL
Largest movements
- Financial fixed assets +€312,000
up €312,000 (+49.5%), from €630,000 to €942,000
- Receivables within one year +€23,322
up €23,322 (+114%), from €20,538 to €43,861
of which Trade receivables: +€20,000
- Reserves +€212,766
up €212,766 (+95.5%), from €222,907 to €435,673
of which Distributable reserves: +€212,766
- Other debts +€200,000
up €200,000 (+1,000%), from €20,000 to €220,000
- Debts after one year -€109,674
down €109,674 (-46.3%), from €236,823 to €127,149
- Current portion of long-term debt +€42,273
new in 2025: €42,273
- Financial income +€221,583
up €221,583 (+1,454%), from €15,240 to €236,823
- Taxes +€67,440
new in 2025: €67,440
- Gross operating margin +€48,004
up €48,004 (+3,226%), from €1,488 to €49,492
- Financial charges +€5,058
up €5,058 (+4,276%), from €118 to €5,177
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 | €651,758 | €989,721 | +€337,963 | +51.9% |
| Fixed assets | 21/28 | €630,000 | €942,000 | +€312,000 | +49.5% |
| Financial fixed assets | 28 | €630,000 | €942,000 | +€312,000 | +49.5% |
| Current assets | 29/58 | €21,758 | €47,721 | +€25,963 | +119% |
| Amounts receivable within one year | 40/41 | €20,538 | €43,861 | +€23,322 | +114% |
| Trade receivables | 40 | €16,300 | €36,300 | +€20,000 | +123% |
| Other amounts receivable | 41 | €4,238 | €7,561 | +€3,322 | +78.4% |
| Cash at bank and in hand | 54/58 | €955 | €3,591 | +€2,636 | +276% |
| Deferred charges and accrued income | 490/1 | €264 | €269 | +€5 | +1.8% |
| Total equity and liabilities | 10/49 | €651,758 | €989,721 | +€337,963 | +51.9% |
| Equity | 10/15 | €322,907 | €535,673 | +€212,766 | +65.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €222,907 | €435,673 | +€212,766 | +95.5% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €212,907 | €425,673 | +€212,766 | +99.9% |
| Amounts payable | 17/49 | €328,851 | €454,048 | +€125,197 | +38.1% |
| Amounts payable after more than one year | 17 | €236,823 | €127,149 | -€109,674 | -46.3% |
| Financial debts | 170/4 | €236,823 | €127,149 | -€109,674 | -46.3% |
| Amounts payable within one year | 42/48 | €92,028 | €326,899 | +€234,871 | +255% |
| Current portion of amounts payable after more than one year | 42 | - | €42,273 | +€42,273 | |
| Trade debts | 44 | €67,139 | €59,641 | -€7,498 | -11.2% |
| Suppliers | 440/4 | €67,139 | €59,641 | -€7,498 | -11.2% |
| Taxes, remuneration and social security | 45 | €4,889 | €4,986 | +€97 | +2.0% |
| Taxes | 450/3 | €4,889 | €4,986 | +€97 | +2.0% |
| Other amounts payable | 47/48 | €20,000 | €220,000 | +€200,000 | +1,000% |
| Other operating charges | 640/8 | €896 | €933 | +€37 | +4.2% |
| Gross operating margin | 9900 | €1,488 | €49,492 | +€48,004 | +3,226% |
| Operating profit (loss) | 9901 | €592 | €48,559 | +€47,967 | +8,100% |
| Financial income | 75/76B | €15,240 | €236,823 | +€221,583 | +1,454% |
| Recurring financial income | 75 | €15,240 | €236,823 | +€221,583 | +1,454% |
| Financial charges | 65/66B | €118 | €5,177 | +€5,058 | +4,276% |
| Recurring financial charges | 65 | €118 | €5,177 | +€5,058 | +4,276% |
| Profit (loss) for the period before taxes | 9903 | €15,714 | €280,205 | +€264,491 | +1,683% |
| Income taxes | 67/77 | - | €67,440 | +€67,440 | |
| Profit (loss) for the period | 9904 | €15,714 | €212,766 | +€197,052 | +1,254% |
| Profit (loss) for the period to be appropriated | 9905 | €15,714 | €212,766 | +€197,052 | +1,254% |
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 31 October 2026 via checked.be.