Flanders Future Techfund: 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.
Flanders Future Techfund
Largest movements
- Current investments -€12.5m
down €12.5m (-89.2%), from €14.0m to €1.5m
- Cash +€4.7m
up €4.7m (+158.2%), from €3.0m to €7.7m
mainly Current investments (+€12.5m) and Deferred charges and accrued income (+€34,602)
- Financial fixed assets +€2.6m
up €2.6m (+12.6%), from €20.6m to €23.2m
of which Companies linked by participating interests: +€2.6m
- Profit (loss) carried forward -€5.2m
down €5.2m (-276.1%), from -€1.9m to -€7.1m
- Financial charges +€4.7m
up €4.7m (+79166488.3%), from €6 to €4.7m
of which Non-recurring financial charges: +€4.7m
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 | €37,679,389 | €32,494,879 | -€5.2m | -13.8% |
| Fixed assets | 21/28 | €20,632,855 | €23,238,626 | +€2.6m | +12.6% |
| Financial fixed assets | 28 | €20,632,855 | €23,238,626 | +€2.6m | +12.6% |
| Companies linked by participating interests | 282/3 | €14,204,870 | €16,810,641 | +€2.6m | +18.3% |
| Participating interests | 282 | €14,204,870 | €16,810,641 | +€2.6m | +18.3% |
| Other financial fixed assets | 284/8 | €6,427,985 | €6,427,985 | = | 0.0% |
| Shares | 284 | €6,427,985 | €6,427,985 | = | 0.0% |
| Current assets | 29/58 | €17,046,534 | €9,256,253 | -€7.8m | -45.7% |
| Amounts receivable within one year | 40/41 | €197 | €197 | = | 0.0% |
| Other amounts receivable | 41 | €197 | €197 | = | 0.0% |
| Current investments | 50/53 | €14,000,000 | €1,507,372 | -€12.5m | -89.2% |
| Other investments | 51/53 | €14,000,000 | €1,507,372 | -€12.5m | -89.2% |
| Cash at bank and in hand | 54/58 | €2,993,562 | €7,730,511 | +€4.7m | +158.2% |
| Deferred charges and accrued income | 490/1 | €52,775 | €18,173 | -€34,602 | -65.6% |
| Total equity and liabilities | 10/49 | €37,679,389 | €32,494,879 | -€5.2m | -13.8% |
| Equity | 10/15 | €35,619,793 | €30,427,654 | -€5.2m | -14.6% |
| Contributions | 10/11 | €37,500,000 | €37,500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,880,207 | -€7,072,346 | -€5.2m | -276.1% |
| Amounts payable | 17/49 | €2,059,596 | €2,067,225 | +€7,629 | +0.4% |
| Amounts payable within one year | 42/48 | €2,059,596 | €2,067,225 | +€7,629 | +0.4% |
| Trade debts | 44 | €197 | €1,536 | +€1,339 | +680.6% |
| Suppliers | 440/4 | €197 | €1,536 | +€1,339 | +680.6% |
| Other amounts payable | 47/48 | €2,059,399 | €2,065,690 | +€6,290 | +0.3% |
| Operating income | 70/76A | €13,051 | - | -€13,051 | |
| Other operating income | 74 | €13,051 | - | -€13,051 | |
| Operating charges | 60/66A | €462,542 | €551,681 | +€89,139 | +19.3% |
| Services and other goods | 61 | €387,643 | €462,507 | +€74,864 | +19.3% |
| Other operating charges | 640/8 | €74,899 | €89,174 | +€14,275 | +19.1% |
| Operating profit (loss) | 9901 | -€449,490 | -€551,681 | -€102,190 | -22.7% |
| Financial income | 75/76B | €443,206 | €109,537 | -€333,669 | -75.3% |
| Recurring financial income | 75 | €443,206 | €109,537 | -€333,669 | -75.3% |
| Income from current assets | 751 | €443,206 | €109,537 | -€333,669 | -75.3% |
| Financial charges | 65/66B | €6 | €4,749,995 | +€4.7m | +79166488.3% |
| Recurring financial charges | 65 | €6 | €4,749,995 | +€4.7m | +79166488.3% |
| Other financial charges | 652/9 | €6 | - | -€6 | |
| Non-recurring financial charges | 66B | - | €4,749,995 | +€4.7m | |
| Profit (loss) for the period before taxes | 9903 | -€6,290 | -€5,192,139 | -€5.2m | -82443.2% |
| Profit (loss) for the period | 9904 | -€6,290 | -€5,192,139 | -€5.2m | -82443.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,290 | -€5,192,139 | -€5.2m | -82443.2% |
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 11 October 2026 via checked.be.