FUNCO: 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.
FUNCO
Largest movements
- Cash +€62,421
up €62,421 (+22.2%), from €281,337 to €343,758
mainly Net result for the year (+€71,852) and Trade debts (+€8,772)
- Stocks and contracts +€11,653
up €11,653 (+15.2%), from €76,463 to €88,116
- Reserves +€71,852
up €71,852 (+21.4%), from €335,407 to €407,259
- Trade debts +€8,772
up €8,772 (+265.4%), from €3,305 to €12,077
- Taxes +€11,633
up €11,633 (+52.1%), from €22,338 to €33,971
- Gross operating margin +€8,477
up €8,477 (+8.6%), from €98,701 to €107,178
- Depreciation -€4,579
down €4,579 (-88.0%), from €5,200 to €622
- Financial income -€3,374
down €3,374 (-65.4%), from €5,157 to €1,783
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 | €382,398 | €457,607 | +€75,209 | +19.7% |
| Fixed assets | 21/28 | €622 | €0 | -€622 | -100.0% |
| Tangible fixed assets | 22/27 | €622 | €0 | -€622 | -100.0% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €622 | €0 | -€622 | -100.0% |
| Current assets | 29/58 | €381,776 | €457,607 | +€75,831 | +19.9% |
| Stocks and contracts in progress | 3 | €76,463 | €88,116 | +€11,653 | +15.2% |
| Stocks | 30/36 | €76,463 | €88,116 | +€11,653 | +15.2% |
| Amounts receivable within one year | 40/41 | €23,977 | €25,307 | +€1,330 | +5.5% |
| Trade receivables | 40 | €23,977 | €23,977 | = | 0.0% |
| Other amounts receivable | 41 | - | €1,330 | +€1,330 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €281,337 | €343,758 | +€62,421 | +22.2% |
| Deferred charges and accrued income | 490/1 | €0 | €426 | +€426 | |
| Total equity and liabilities | 10/49 | €382,398 | €457,607 | +€75,209 | +19.7% |
| Equity | 10/15 | €367,634 | €439,486 | +€71,852 | +19.5% |
| Contributions | 10/11 | €32,226 | €32,226 | = | 0.0% |
| Reserves | 13 | €335,407 | €407,259 | +€71,852 | +21.4% |
| Distributable reserves | 133 | €335,407 | €407,259 | +€71,852 | +21.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €14,764 | €18,121 | +€3,357 | +22.7% |
| Amounts payable within one year | 42/48 | €14,764 | €18,121 | +€3,357 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €3,305 | €12,077 | +€8,772 | +265.4% |
| Suppliers | 440/4 | €3,305 | €12,077 | +€8,772 | +265.4% |
| Taxes, remuneration and social security | 45 | €8,272 | €6,045 | -€2,227 | -26.9% |
| Taxes | 450/3 | €8,272 | €6,045 | -€2,227 | -26.9% |
| Other amounts payable | 47/48 | €3,188 | €0 | -€3,188 | -100.0% |
| Remuneration, social security and pensions | 62 | €629 | €315 | -€314 | -49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,200 | €622 | -€4,579 | -88.0% |
| Other operating charges | 640/8 | €1,677 | €1,777 | +€100 | +6.0% |
| Non-recurring operating charges | 66A | €28,078 | €0 | -€28,078 | -100.0% |
| Gross operating margin | 9900 | €98,701 | €107,178 | +€8,477 | +8.6% |
| Operating profit (loss) | 9901 | €63,116 | €104,464 | +€41,348 | +65.5% |
| Financial income | 75/76B | €5,157 | €1,783 | -€3,374 | -65.4% |
| Recurring financial income | 75 | €5,157 | €1,783 | -€3,374 | -65.4% |
| Financial charges | 65/66B | €504 | €425 | -€80 | -15.8% |
| Recurring financial charges | 65 | €504 | €425 | -€80 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €67,769 | €105,823 | +€38,054 | +56.2% |
| Income taxes | 67/77 | €22,338 | €33,971 | +€11,633 | +52.1% |
| Profit (loss) for the period | 9904 | €45,431 | €71,852 | +€26,421 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,431 | €71,852 | +€26,421 | +58.2% |
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 30 September 2026 via checked.be.