FUN INCENTIVE: 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.
FUN INCENTIVE
Largest movements
- Financial fixed assets +€40,600
new in 2025: €40,600
- Tangible fixed assets +€31,099
up €31,099 (+79.7%), from €39,005 to €70,104
of which Leasing and similar rights: +€37,869
- Cash -€11,036
down €11,036 (-26.0%), from €42,405 to €31,369
mainly Investment in fixed assets (net) (-€90,566) and Net result for the year (-€9,253)
- Other debts +€38,100
up €38,100 (+63.8%), from €59,736 to €97,836
- Current portion of long-term debt +€12,002
up €12,002 (+72.9%), from €16,466 to €28,468
- Profit (loss) carried forward -€9,253
down €9,253 (-47.7%), from -€19,382 to -€28,635
- Debts after one year +€9,161
up €9,161 (+49.3%), from €18,584 to €27,745
- Trade debts +€7,158
up €7,158 (+8516.7%), from €84 to €7,242
- Gross operating margin +€18,743
up €18,743, from -€5,907 to €12,836
- Depreciation +€8,285
up €8,285 (+78.3%), from €10,581 to €18,866
- Financial charges +€984
up €984 (+56.9%), from €1,731 to €2,716
- Other operating charges -€422
down €422 (-45.5%), from €928 to €506
- Staff costs -€234
no longer reported in 2025 (was €234)
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 | €115,488 | €174,991 | +€59,503 | +51.5% |
| Fixed assets | 21/28 | €39,005 | €110,704 | +€71,699 | +183.8% |
| Tangible fixed assets | 22/27 | €39,005 | €70,104 | +€31,099 | +79.7% |
| Plant, machinery and equipment | 23 | - | €3,147 | +€3,147 | |
| Furniture and vehicles | 24 | €39,005 | €29,088 | -€9,917 | -25.4% |
| Leasing and similar rights | 25 | - | €37,869 | +€37,869 | |
| Financial fixed assets | 28 | - | €40,600 | +€40,600 | |
| Current assets | 29/58 | €76,483 | €64,287 | -€12,196 | -15.9% |
| Amounts receivable within one year | 40/41 | €32,199 | €30,915 | -€1,284 | -4.0% |
| Trade receivables | 40 | €23,907 | €22,415 | -€1,492 | -6.2% |
| Other amounts receivable | 41 | €8,292 | €8,500 | +€208 | +2.5% |
| Cash at bank and in hand | 54/58 | €42,405 | €31,369 | -€11,036 | -26.0% |
| Deferred charges and accrued income | 490/1 | €1,879 | €2,003 | +€124 | +6.6% |
| Total equity and liabilities | 10/49 | €115,488 | €174,991 | +€59,503 | +51.5% |
| Equity | 10/15 | €20,618 | €11,365 | -€9,253 | -44.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,382 | -€28,635 | -€9,253 | -47.7% |
| Amounts payable | 17/49 | €94,870 | €163,626 | +€68,756 | +72.5% |
| Amounts payable after more than one year | 17 | €18,584 | €27,745 | +€9,161 | +49.3% |
| Financial debts | 170/4 | €18,584 | €27,745 | +€9,161 | +49.3% |
| Amounts payable within one year | 42/48 | €76,286 | €135,881 | +€59,595 | +78.1% |
| Current portion of amounts payable after more than one year | 42 | €16,466 | €28,468 | +€12,002 | +72.9% |
| Trade debts | 44 | €84 | €7,242 | +€7,158 | +8516.7% |
| Suppliers | 440/4 | €84 | €7,242 | +€7,158 | +8516.7% |
| Taxes, remuneration and social security | 45 | - | €2,335 | +€2,335 | |
| Taxes | 450/3 | - | €2,335 | +€2,335 | |
| Other amounts payable | 47/48 | €59,736 | €97,836 | +€38,100 | +63.8% |
| Remuneration, social security and pensions | 62 | €234 | - | -€234 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,581 | €18,866 | +€8,285 | +78.3% |
| Other operating charges | 640/8 | €928 | €506 | -€422 | -45.5% |
| Gross operating margin | 9900 | -€5,907 | €12,836 | +€18,743 | |
| Operating profit (loss) | 9901 | -€17,650 | -€6,537 | +€11,114 | +63.0% |
| Financial charges | 65/66B | €1,731 | €2,716 | +€984 | +56.9% |
| Recurring financial charges | 65 | €1,731 | €2,716 | +€984 | +56.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,382 | -€9,253 | +€10,129 | +52.3% |
| Profit (loss) for the period | 9904 | -€19,382 | -€9,253 | +€10,129 | +52.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,382 | -€9,253 | +€10,129 | +52.3% |
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 7 October 2026 via checked.be.