FIENESSE: 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.
FIENESSE
Largest movements
- Tangible fixed assets +€15,360
up €15,360 (+19.0%), from €80,796 to €96,156
of which Furniture and vehicles: +€24,791
- Stocks and contracts +€9,290
up €9,290 (+28.3%), from €32,851 to €42,141
of which Contracts in progress: +€12,750
- Cash -€4,061
down €4,061 (-32.3%), from €12,578 to €8,517
mainly Investment in fixed assets (net) (-€39,498) and Stocks and contracts (-€9,290)
- Receivables within one year -€2,588
down €2,588 (-12.7%), from €20,308 to €17,720
of which Trade receivables: -€1,491
- Debts after one year +€13,095
up €13,095 (+16.5%), from €79,402 to €92,497
- Current portion of long-term debt +€6,878
up €6,878 (+51.1%), from €13,449 to €20,326
- Trade debts -€3,107
down €3,107 (-29.9%), from €10,396 to €7,289
- Gross operating margin -€7,481
down €7,481 (-18.8%), from €39,738 to €32,257
- Depreciation +€6,485
up €6,485 (+36.7%), from €17,652 to €24,137
- Taxes -€5,238
down €5,238 (-90.6%), from €5,780 to €542
- Staff costs +€664
up €664 (+112%), from €593 to €1,257
- Financial income -€450
down €450 (-49.0%), from €920 to €469
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €148,328 | €165,667 | +€17,339 | +11.7% |
| Fixed assets | 21/28 | €81,471 | €96,831 | +€15,360 | +18.9% |
| Tangible fixed assets | 22/27 | €80,796 | €96,156 | +€15,360 | +19.0% |
| Plant, machinery and equipment | 23 | €42,017 | €32,587 | -€9,431 | -22.4% |
| Furniture and vehicles | 24 | €38,779 | €63,570 | +€24,791 | +63.9% |
| Financial fixed assets | 28 | €675 | €675 | = | 0.0% |
| Current assets | 29/58 | €66,857 | €68,835 | +€1,978 | +3.0% |
| Stocks and contracts in progress | 3 | €32,851 | €42,141 | +€9,290 | +28.3% |
| Stocks | 30/36 | €28,921 | €25,461 | -€3,460 | -12.0% |
| Contracts in progress | 37 | €3,930 | €16,680 | +€12,750 | +324% |
| Amounts receivable within one year | 40/41 | €20,308 | €17,720 | -€2,588 | -12.7% |
| Trade receivables | 40 | €6,575 | €5,084 | -€1,491 | -22.7% |
| Other amounts receivable | 41 | €13,733 | €12,636 | -€1,097 | -8.0% |
| Cash at bank and in hand | 54/58 | €12,578 | €8,517 | -€4,061 | -32.3% |
| Deferred charges and accrued income | 490/1 | €1,120 | €457 | -€663 | -59.2% |
| Total equity and liabilities | 10/49 | €148,328 | €165,667 | +€17,339 | +11.7% |
| Equity | 10/15 | €41,337 | €42,101 | +€764 | +1.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,137 | €35,901 | +€764 | +2.2% |
| Distributable reserves | 133 | €35,137 | €35,901 | +€764 | +2.2% |
| Amounts payable | 17/49 | €106,991 | €123,566 | +€16,575 | +15.5% |
| Amounts payable after more than one year | 17 | €79,402 | €92,497 | +€13,095 | +16.5% |
| Financial debts | 170/4 | €79,402 | €92,497 | +€13,095 | +16.5% |
| Amounts payable within one year | 42/48 | €27,518 | €30,493 | +€2,976 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €13,449 | €20,326 | +€6,878 | +51.1% |
| Trade debts | 44 | €10,396 | €7,289 | -€3,107 | -29.9% |
| Suppliers | 440/4 | €10,396 | €7,289 | -€3,107 | -29.9% |
| Advances received on contracts in progress | 46 | - | €553 | +€553 | |
| Taxes, remuneration and social security | 45 | €3,673 | €2,325 | -€1,348 | -36.7% |
| Taxes | 450/3 | €1,348 | - | -€1,348 | |
| Remuneration and social security | 454/9 | €2,325 | €2,325 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €71 | €575 | +€504 | +713% |
| Remuneration, social security and pensions | 62 | €593 | €1,257 | +€664 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,652 | €24,137 | +€6,485 | +36.7% |
| Other operating charges | 640/8 | €1,068 | €1,269 | +€202 | +18.9% |
| Gross operating margin | 9900 | €39,738 | €32,257 | -€7,481 | -18.8% |
| Operating profit (loss) | 9901 | €20,425 | €5,592 | -€14,832 | -72.6% |
| Financial income | 75/76B | €920 | €469 | -€450 | -49.0% |
| Recurring financial income | 75 | €920 | €469 | -€450 | -49.0% |
| Financial charges | 65/66B | €4,332 | €4,756 | +€424 | +9.8% |
| Recurring financial charges | 65 | €4,332 | €4,756 | +€424 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €17,012 | €1,305 | -€15,707 | -92.3% |
| Income taxes | 67/77 | €5,780 | €542 | -€5,238 | -90.6% |
| Profit (loss) for the period | 9904 | €11,233 | €764 | -€10,469 | -93.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,233 | €764 | -€10,469 | -93.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.