FUN NAUTIC: 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 NAUTIC
Largest movements
- Cash +€82,560
up €82,560 (+44.4%), from €186,042 to €268,602
mainly Net result for the year (+€84,370) and Depreciation (+€38,983)
- Tangible fixed assets +€31,879
up €31,879 (+61.5%), from €51,855 to €83,734
of which Furniture and vehicles: +€32,635
- Receivables within one year +€10,919
up €10,919 (+3872.0%), from €282 to €11,201
of which Other amounts receivable: +€10,726
- Intangible fixed assets +€4,800
up €4,800 (+11.8%), from €40,767 to €45,567
- Reserves +€84,370
up €84,370 (+32.6%), from €258,839 to €343,209
- Debts after one year +€35,250
new in 2025: €35,250
- Current portion of long-term debt +€7,262
up €7,262 (+805.1%), from €902 to €8,164
- Gross operating margin +€46,824
up €46,824 (+28.1%), from €166,891 to €213,715
- Financial charges +€30,011
up €30,011 (+78.6%), from €38,165 to €68,176
- Depreciation +€7,948
up €7,948 (+25.6%), from €31,035 to €38,983
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 | €279,407 | €409,104 | +€129,697 | +46.4% |
| Fixed assets | 21/28 | €92,622 | €129,301 | +€36,679 | +39.6% |
| Intangible fixed assets | 21 | €40,767 | €45,567 | +€4,800 | +11.8% |
| Tangible fixed assets | 22/27 | €51,855 | €83,734 | +€31,879 | +61.5% |
| Furniture and vehicles | 24 | €48,319 | €80,954 | +€32,635 | +67.5% |
| Other tangible fixed assets | 26 | €3,536 | €2,780 | -€756 | -21.4% |
| Current assets | 29/58 | €186,785 | €279,803 | +€93,018 | +49.8% |
| Amounts receivable within one year | 40/41 | €282 | €11,201 | +€10,919 | +3872.0% |
| Trade receivables | 40 | - | €193 | +€193 | |
| Other amounts receivable | 41 | €282 | €11,008 | +€10,726 | +3803.5% |
| Cash at bank and in hand | 54/58 | €186,042 | €268,602 | +€82,560 | +44.4% |
| Deferred charges and accrued income | 490/1 | €461 | - | -€461 | |
| Total equity and liabilities | 10/49 | €279,407 | €409,104 | +€129,697 | +46.4% |
| Equity | 10/15 | €268,839 | €353,209 | +€84,370 | +31.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €258,839 | €343,209 | +€84,370 | +32.6% |
| Distributable reserves | 133 | €258,839 | €343,209 | +€84,370 | +32.6% |
| Amounts payable | 17/49 | €10,568 | €55,895 | +€45,327 | +428.9% |
| Amounts payable after more than one year | 17 | - | €35,250 | +€35,250 | |
| Financial debts | 170/4 | - | €35,250 | +€35,250 | |
| Amounts payable within one year | 42/48 | €10,568 | €20,645 | +€10,077 | +95.4% |
| Current portion of amounts payable after more than one year | 42 | €902 | €8,164 | +€7,262 | +805.1% |
| Trade debts | 44 | €1,749 | €1,707 | -€42 | -2.4% |
| Suppliers | 440/4 | €795 | €1,707 | +€912 | +114.7% |
| Bills of exchange payable | 441 | €954 | - | -€954 | |
| Taxes, remuneration and social security | 45 | €6,352 | €7,909 | +€1,557 | +24.5% |
| Taxes | 450/3 | €6,352 | €7,909 | +€1,557 | +24.5% |
| Other amounts payable | 47/48 | €1,565 | €2,865 | +€1,300 | +83.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,035 | €38,983 | +€7,948 | +25.6% |
| Other operating charges | 640/8 | €337 | €412 | +€75 | +22.3% |
| Gross operating margin | 9900 | €166,891 | €213,715 | +€46,824 | +28.1% |
| Operating profit (loss) | 9901 | €135,519 | €174,320 | +€38,801 | +28.6% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €38,165 | €68,176 | +€30,011 | +78.6% |
| Recurring financial charges | 65 | €38,165 | €68,176 | +€30,011 | +78.6% |
| Profit (loss) for the period before taxes | 9903 | €97,359 | €106,144 | +€8,785 | +9.0% |
| Income taxes | 67/77 | €19,718 | €21,774 | +€2,056 | +10.4% |
| Profit (loss) for the period | 9904 | €77,641 | €84,370 | +€6,729 | +8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €77,641 | €84,370 | +€6,729 | +8.7% |
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 8 October 2026 via checked.be.