EURO - FUN: 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.
EURO - FUN
Largest movements
- Tangible fixed assets -€1.7m
down €1.7m (-44.3%), from €3.9m to €2.1m
of which Land and buildings: -€1.7m
- Receivables within one year -€203,121
down €203,121 (-22.9%), from €886,952 to €683,831
of which Other amounts receivable: -€613,665
- Debts after one year -€1.5m
down €1.5m (-58.6%), from €2.6m to €1.1m
of which Financial debts: -€1.5m
- Short-term financial debts -€300,000
no longer reported in 2025 (was €300,000)
- Other debts -€225,759
down €225,759 (-30.0%), from €753,165 to €527,406
- Trade debts +€221,342
up €221,342 (+3100.9%), from €7,138 to €228,480
- Current portion of long-term debt -€182,213
down €182,213 (-53.8%), from €338,943 to €156,730
- Gross operating margin +€611,099
up €611,099 (+238.3%), from €256,493 to €867,592
- Other operating charges +€326,402
up €326,402 (+1466.8%), from €22,253 to €348,655
- Taxes +€125,528
up €125,528 (+7262.0%), from €1,729 to €127,257
- Depreciation -€117,016
down €117,016 (-44.8%), from €261,080 to €144,064
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 | €4,775,405 | €2,881,026 | -€1.9m | -39.7% |
| Fixed assets | 21/28 | €3,860,782 | €2,154,767 | -€1.7m | -44.2% |
| Tangible fixed assets | 22/27 | €3,851,669 | €2,145,654 | -€1.7m | -44.3% |
| Land and buildings | 22 | €3,069,993 | €1,370,361 | -€1.7m | -55.4% |
| Plant, machinery and equipment | 23 | €771,296 | €719,313 | -€51,983 | -6.7% |
| Furniture and vehicles | 24 | €10,380 | €55,980 | +€45,599 | +439.3% |
| Financial fixed assets | 28 | €9,113 | €9,113 | = | 0.0% |
| Current assets | 29/58 | €914,622 | €726,259 | -€188,363 | -20.6% |
| Amounts receivable within one year | 40/41 | €886,952 | €683,831 | -€203,121 | -22.9% |
| Trade receivables | 40 | €2,783 | €413,327 | +€410,544 | +14753.3% |
| Other amounts receivable | 41 | €884,170 | €270,505 | -€613,665 | -69.4% |
| Cash at bank and in hand | 54/58 | €10,386 | €35,918 | +€25,532 | +245.8% |
| Deferred charges and accrued income | 490/1 | €17,284 | €6,510 | -€10,775 | -62.3% |
| Total equity and liabilities | 10/49 | €4,775,405 | €2,881,026 | -€1.9m | -39.7% |
| Equity | 10/15 | €724,246 | €898,864 | +€174,618 | +24.1% |
| Contributions | 10/11 | €226,000 | €226,000 | = | 0.0% |
| Capital | 10 | €226,000 | €226,000 | = | 0.0% |
| Issued capital | 100 | €226,000 | €226,000 | = | 0.0% |
| Reserves | 13 | €498,246 | €672,864 | +€174,618 | +35.0% |
| Non-distributable reserves | 130/1 | €15,901 | €15,901 | = | 0.0% |
| Reserves not available under the articles | 1311 | €15,901 | €15,901 | = | 0.0% |
| Tax-exempt reserves | 132 | €225,161 | - | -€225,161 | |
| Distributable reserves | 133 | €257,184 | €656,963 | +€399,779 | +155.4% |
| Provisions and deferred taxes | 16 | €74,784 | - | -€74,784 | |
| Deferred taxes | 168 | €74,784 | - | -€74,784 | |
| Amounts payable | 17/49 | €3,976,375 | €1,982,162 | -€2.0m | -50.2% |
| Amounts payable after more than one year | 17 | €2,574,223 | €1,065,560 | -€1.5m | -58.6% |
| Financial debts | 170/4 | €2,550,973 | €1,048,310 | -€1.5m | -58.9% |
| Other amounts payable | 178/9 | €23,250 | €17,250 | -€6,000 | -25.8% |
| Amounts payable within one year | 42/48 | €1,402,152 | €916,602 | -€485,550 | -34.6% |
| Current portion of amounts payable after more than one year | 42 | €338,943 | €156,730 | -€182,213 | -53.8% |
| Financial debts | 43 | €300,000 | - | -€300,000 | |
| Credit institutions | 430/8 | €300,000 | - | -€300,000 | |
| Trade debts | 44 | €7,138 | €228,480 | +€221,342 | +3100.9% |
| Suppliers | 440/4 | €7,138 | €228,480 | +€221,342 | +3100.9% |
| Taxes, remuneration and social security | 45 | €2,906 | €3,986 | +€1,079 | +37.1% |
| Taxes | 450/3 | €2,906 | €3,986 | +€1,079 | +37.1% |
| Other amounts payable | 47/48 | €753,165 | €527,406 | -€225,759 | -30.0% |
| Non-recurring operating income | 76A | - | €1,385,602 | +€1.4m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €261,080 | €144,064 | -€117,016 | -44.8% |
| Other operating charges | 640/8 | €22,253 | €348,655 | +€326,402 | +1466.8% |
| Non-recurring operating charges | 66A | - | €17,860 | +€17,860 | |
| Gross operating margin | 9900 | €256,493 | €867,592 | +€611,099 | +238.3% |
| Operating profit (loss) | 9901 | -€26,839 | €357,012 | +€383,852 | |
| Financial charges | 65/66B | €128,061 | €129,922 | +€1,861 | +1.5% |
| Recurring financial charges | 65 | €128,061 | €129,922 | +€1,861 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€154,900 | €227,091 | +€381,991 | |
| Transfer from deferred taxes | 780 | €43,479 | €74,784 | +€31,305 | +72.0% |
| Income taxes | 67/77 | €1,729 | €127,257 | +€125,528 | +7262.0% |
| Profit (loss) for the period | 9904 | -€113,150 | €174,618 | +€287,768 | |
| Transfer from tax-exempt reserves | 789 | €130,436 | €225,161 | +€94,726 | +72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,286 | €399,779 | +€382,493 | +2212.8% |
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 6 October 2026 via checked.be.