FINATEX: what changed
FINATEX
Largest movements
- Current investments -€220,869
down €220,869 (-3.0%), from €7.5m to €7.2m
- Cash -€165,675
down €165,675 (-76.7%), from €216,116 to €50,441
mainly Tax, wage and social debts (-€619,753) and Smaller working-capital items (-€410)
- Tax, wage and social debts -€619,753
down €619,753 (-96.4%), from €643,091 to €23,338
- Reserves +€213,744
up €213,744 (+3.4%), from €6.3m to €6.5m
- Financial income +€20,281
up €20,281 (+7.6%), from €268,245 to €288,525
of which Financial income: +€90,281
- Taxes +€20,159
up €20,159 (+24.4%), from €82,586 to €102,745
- Gross operating margin -€9,038
down €9,038 (-22.0%), from €41,092 to €32,054
Change in the result, 31-12-2024 to 31-12-2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,786,229 | €7,379,941 | -€406,288 | -5.2% |
| Fixed assets | 21/28 | €3,006 | €2,733 | -€274 | -9.1% |
| Tangible fixed assets | 22/27 | €1,361 | €1,088 | -€274 | -20.1% |
| Furniture and vehicles | 24 | €1,361 | €1,088 | -€274 | -20.1% |
| Financial fixed assets | 28 | €1,645 | €1,645 | = | 0.0% |
| Current assets | 29/58 | €7,783,223 | €7,377,208 | -€406,014 | -5.2% |
| Amounts receivable within one year | 40/41 | €114,780 | €95,178 | -€19,602 | -17.1% |
| Trade receivables | 40 | €4,807 | €4,966 | +€158 | +3.3% |
| Other amounts receivable | 41 | €109,972 | €90,212 | -€19,760 | -18.0% |
| Current investments | 50/53 | €7,452,327 | €7,231,458 | -€220,869 | -3.0% |
| Cash at bank and in hand | 54/58 | €216,116 | €50,441 | -€165,675 | -76.7% |
| Deferred charges and accrued income | 490/1 | €0 | €132 | +€132 | |
| Total equity and liabilities | 10/49 | €7,786,229 | €7,379,941 | -€406,288 | -5.2% |
| Equity | 10/15 | €7,137,767 | €7,351,511 | +€213,744 | +3.0% |
| Contributions | 10/11 | €825,000 | €825,000 | = | 0.0% |
| Reserves | 13 | €6,312,767 | €6,526,511 | +€213,744 | +3.4% |
| Distributable reserves | 133 | €6,312,767 | €6,526,511 | +€213,744 | +3.4% |
| Amounts payable | 17/49 | €648,462 | €28,430 | -€620,032 | -95.6% |
| Amounts payable within one year | 42/48 | €648,462 | €28,430 | -€620,032 | -95.6% |
| Trade debts | 44 | €3,921 | €3,974 | +€54 | +1.4% |
| Suppliers | 440/4 | €3,921 | €3,974 | +€54 | +1.4% |
| Taxes, remuneration and social security | 45 | €643,091 | €23,338 | -€619,753 | -96.4% |
| Taxes | 450/3 | €643,091 | €23,338 | -€619,753 | -96.4% |
| Other amounts payable | 47/48 | €1,450 | €1,118 | -€332 | -22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7 | €274 | +€267 | +3,965% |
| Other operating charges | 640/8 | €0 | - | = | |
| Gross operating margin | 9900 | €41,092 | €32,054 | -€9,038 | -22.0% |
| Operating profit (loss) | 9901 | €41,085 | €31,780 | -€9,305 | -22.6% |
| Financial income | 75/76B | €268,245 | €288,525 | +€20,281 | +7.6% |
| Recurring financial income | 75 | €198,245 | €288,525 | +€90,281 | +45.5% |
| Non-recurring financial income | 76B | €70,000 | €0 | -€70,000 | -100% |
| Financial charges | 65/66B | €3,640 | €3,817 | +€177 | +4.9% |
| Recurring financial charges | 65 | €3,640 | €3,817 | +€177 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €305,689 | €316,488 | +€10,799 | +3.5% |
| Income taxes | 67/77 | €82,586 | €102,745 | +€20,159 | +24.4% |
| Profit (loss) for the period | 9904 | €223,104 | €213,744 | -€9,360 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €223,104 | €213,744 | -€9,360 | -4.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.