FYNBOS: what changed
Two fiscal 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.
FYNBOS
Largest movements
- Current investments +€1.3m
up €1.3m (+76.5%), from €1.7m to €3.0m
- Receivables within one year -€240,239
down €240,239 (-99.0%), from €242,589 to €2,350
of which Trade receivables: -€238,617
- Cash -€41,006
down €41,006 (-21.7%), from €188,813 to €147,807
mainly Contributions, distributions and other (-€2.7m) and Current investments (-€1.3m)
- Other debts +€2.9m
new in 2025: €2.9m
- Profit (loss) carried forward -€1.9m
no longer reported in 2025 (was €1.9m)
- Gross operating margin +€121,923
up €121,923 (+11.5%), from €1.1m to €1.2m
- Financial income -€33,911
down €33,911 (-63.1%), from €53,710 to €19,799
of which Financial income: -€37,475
- Financial charges +€32,081
up €32,081 (+2959.5%), from €1,084 to €33,165
of which Non-recurring financial charges: +€17,587
- Taxes +€24,853
up €24,853 (+9.2%), from €270,268 to €295,121
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.
Cash bridge derived
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 | €2,167,603 | €3,167,474 | +€999,871 | +46.1% |
| Formation expenses | 20 | €150 | - | -€150 | |
| Fixed assets | 21/28 | €39,554 | €24,856 | -€14,698 | -37.2% |
| Tangible fixed assets | 22/27 | €39,554 | €24,856 | -€14,698 | -37.2% |
| Furniture and vehicles | 24 | €39,554 | €24,856 | -€14,698 | -37.2% |
| Current assets | 29/58 | €2,127,899 | €3,142,618 | +€1.0m | +47.7% |
| Amounts receivable within one year | 40/41 | €242,589 | €2,350 | -€240,239 | -99.0% |
| Trade receivables | 40 | €238,617 | - | -€238,617 | |
| Other amounts receivable | 41 | €3,972 | €2,350 | -€1,622 | -40.8% |
| Current investments | 50/53 | €1,695,000 | €2,990,898 | +€1.3m | +76.5% |
| Cash at bank and in hand | 54/58 | €188,813 | €147,807 | -€41,006 | -21.7% |
| Deferred charges and accrued income | 490/1 | €1,497 | €1,563 | +€66 | +4.4% |
| Total equity and liabilities | 10/49 | €2,167,603 | €3,167,474 | +€999,871 | +46.1% |
| Equity | 10/15 | €1,892,256 | €3,000 | -€1.9m | -99.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,889,256 | - | -€1.9m | |
| Amounts payable | 17/49 | €275,347 | €3,164,474 | +€2.9m | +1049.3% |
| Amounts payable within one year | 42/48 | €275,347 | €3,164,474 | +€2.9m | +1049.3% |
| Trade debts | 44 | €1,327 | €2,623 | +€1,296 | +97.7% |
| Suppliers | 440/4 | €1,327 | €2,623 | +€1,296 | +97.7% |
| Taxes, remuneration and social security | 45 | €274,020 | €279,141 | +€5,121 | +1.9% |
| Taxes | 450/3 | €274,020 | €279,141 | +€5,121 | +1.9% |
| Other amounts payable | 47/48 | - | €2,882,710 | +€2.9m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,734 | €15,263 | +€529 | +3.6% |
| Other operating charges | 640/8 | - | €7,982 | +€7,982 | |
| Non-recurring operating charges | 66A | €748 | - | -€748 | |
| Gross operating margin | 9900 | €1,061,599 | €1,183,522 | +€121,923 | +11.5% |
| Operating profit (loss) | 9901 | €1,046,117 | €1,160,277 | +€114,160 | +10.9% |
| Financial income | 75/76B | €53,710 | €19,799 | -€33,911 | -63.1% |
| Recurring financial income | 75 | €53,710 | €16,235 | -€37,475 | -69.8% |
| Non-recurring financial income | 76B | - | €3,564 | +€3,564 | |
| Financial charges | 65/66B | €1,084 | €33,165 | +€32,081 | +2959.5% |
| Recurring financial charges | 65 | €1,084 | €15,578 | +€14,494 | +1337.1% |
| Non-recurring financial charges | 66B | - | €17,587 | +€17,587 | |
| Profit (loss) for the period before taxes | 9903 | €1,098,743 | €1,146,911 | +€48,168 | +4.4% |
| Income taxes | 67/77 | €270,268 | €295,121 | +€24,853 | +9.2% |
| Profit (loss) for the period | 9904 | €828,475 | €851,790 | +€23,315 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €828,475 | €851,790 | +€23,315 | +2.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.