FNIL: 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.
FNIL
Largest movements
- Tangible fixed assets +€167,735
up €167,735 (+109%), from €154,388 to €322,123
of which Plant, machinery and equipment: +€164,587
- Cash +€20,450
up €20,450 (+152%), from €13,446 to €33,896
mainly Other debts (+€119,692) and Current portion of long-term debt (+€56,178)
- Intangible fixed assets +€5,364
new in 2025: €5,364
- Other debts +€119,692
up €119,692 (+126%), from €94,961 to €214,654
- Current portion of long-term debt +€56,178
new in 2025: €56,178
- Debts after one year +€37,258
up €37,258 (+51.3%), from €72,607 to €109,865
- Profit (loss) carried forward -€15,075
down €15,075 (-26.1%), from -€57,829 to -€72,904
- Depreciation +€20,889
up €20,889 (+381%), from €5,484 to €26,372
- Gross operating margin +€9,300
up €9,300 (+121%), from €7,668 to €16,968
- Turnover +€8,727
up €8,727 (+23.0%), from €37,882 to €46,608
- Financial charges +€4,844
up €4,844 (+1,145%), from €423 to €5,267
- Other operating charges -€1,168
down €1,168 (-74.3%), from €1,571 to €403
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 | €172,047 | €364,223 | +€192,176 | +112% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €154,388 | €327,487 | +€173,099 | +112% |
| Intangible fixed assets | 21 | - | €5,364 | +€5,364 | |
| Tangible fixed assets | 22/27 | €154,388 | €322,123 | +€167,735 | +109% |
| Land and buildings | 22 | €52,980 | €50,093 | -€2,888 | -5.5% |
| Plant, machinery and equipment | 23 | €100,793 | €265,381 | +€164,587 | +163% |
| Furniture and vehicles | 24 | €614 | €6,649 | +€6,035 | +983% |
| Current assets | 29/58 | €17,659 | €36,736 | +€19,077 | +108% |
| Amounts receivable within one year | 40/41 | €4,214 | €2,840 | -€1,374 | -32.6% |
| Trade receivables | 40 | €2,709 | €840 | -€1,869 | -69.0% |
| Other amounts receivable | 41 | €1,505 | €2,000 | +€495 | +32.9% |
| Cash at bank and in hand | 54/58 | €13,446 | €33,896 | +€20,450 | +152% |
| Total equity and liabilities | 10/49 | €172,047 | €364,223 | +€192,176 | +112% |
| Equity | 10/15 | €671 | -€17,104 | -€17,775 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | €52,300 | €49,600 | -€2,700 | -5.2% |
| Profit (loss) carried forward | 14 | -€57,829 | -€72,904 | -€15,075 | -26.1% |
| Amounts payable | 17/49 | €171,376 | €381,326 | +€209,951 | +123% |
| Amounts payable after more than one year | 17 | €72,607 | €109,865 | +€37,258 | +51.3% |
| Financial debts | 170/4 | €72,607 | €109,865 | +€37,258 | +51.3% |
| Amounts payable within one year | 42/48 | €98,768 | €271,461 | +€172,693 | +175% |
| Current portion of amounts payable after more than one year | 42 | - | €56,178 | +€56,178 | |
| Trade debts | 44 | €3,807 | €288 | -€3,520 | -92.4% |
| Suppliers | 440/4 | €3,807 | €288 | -€3,520 | -92.4% |
| Taxes, remuneration and social security | 45 | €0 | €342 | +€342 | |
| Taxes | 450/3 | €0 | €342 | +€342 | |
| Other amounts payable | 47/48 | €94,961 | €214,654 | +€119,692 | +126% |
| Turnover | 70 | €37,882 | €46,608 | +€8,727 | +23.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €30,214 | €29,640 | -€574 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,484 | €26,372 | +€20,889 | +381% |
| Other operating charges | 640/8 | €1,571 | €403 | -€1,168 | -74.3% |
| Gross operating margin | 9900 | €7,668 | €16,968 | +€9,300 | +121% |
| Operating profit (loss) | 9901 | €613 | -€9,808 | -€10,420 | |
| Financial income | 75/76B | €28 | €0 | -€28 | -99.7% |
| Recurring financial income | 75 | €28 | €0 | -€28 | -99.7% |
| Financial charges | 65/66B | €423 | €5,267 | +€4,844 | +1,145% |
| Recurring financial charges | 65 | €423 | €5,267 | +€4,844 | +1,145% |
| Profit (loss) for the period before taxes | 9903 | €217 | -€15,075 | -€15,292 | |
| Income taxes | 67/77 | €479 | - | -€479 | |
| Profit (loss) for the period | 9904 | -€262 | -€15,075 | -€14,813 | -5,659% |
| Profit (loss) for the period to be appropriated | 9905 | -€262 | -€15,075 | -€14,813 | -5,659% |
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 14 October 2026 via checked.be.