Fundaco: 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.
Fundaco
Largest movements
- Stocks and contracts -€467,819
down €467,819 (-42.5%), from €1.1m to €633,737
- Receivables within one year +€252,438
up €252,438 (+1047894.3%), from €24 to €252,462
of which Trade receivables: +€252,462
- Cash -€185,937
down €185,937 (-97.9%), from €189,994 to €4,057
mainly Debts after one year (-€600,000) and Short-term financial debts (-€375,000)
- Debts after one year -€600,000
down €600,000 (-100.0%), from €600,000 to €0
- Current portion of long-term debt +€600,000
new in 2025: €600,000
- Short-term financial debts -€375,000
down €375,000 (-100.0%), from €375,000 to €0
- Other debts -€33,024
down €33,024 (-11.2%), from €293,946 to €260,922
- Gross operating margin +€50,047
up €50,047 (+778.7%), from €6,427 to €56,474
- Financial charges +€3,758
up €3,758 (+9.3%), from €40,262 to €44,020
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 | €1,291,574 | €890,256 | -€401,318 | -31.1% |
| Current assets | 29/58 | €1,291,574 | €890,256 | -€401,318 | -31.1% |
| Stocks and contracts in progress | 3 | €1,101,556 | €633,737 | -€467,819 | -42.5% |
| Stocks | 30/36 | €1,101,556 | €633,737 | -€467,819 | -42.5% |
| Amounts receivable within one year | 40/41 | €24 | €252,462 | +€252,438 | +1047894.3% |
| Trade receivables | 40 | €0 | €252,462 | +€252,462 | |
| Other amounts receivable | 41 | €24 | €0 | -€24 | -100.0% |
| Cash at bank and in hand | 54/58 | €189,994 | €4,057 | -€185,937 | -97.9% |
| Total equity and liabilities | 10/49 | €1,291,574 | €890,256 | -€401,318 | -31.1% |
| Equity | 10/15 | €16,998 | €26,253 | +€9,254 | +54.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €0 | €7,703 | +€7,703 | |
| Distributable reserves | 133 | €0 | €7,703 | +€7,703 | |
| Profit (loss) carried forward | 14 | -€1,552 | €0 | +€1,552 | |
| Amounts payable | 17/49 | €1,274,576 | €864,003 | -€410,573 | -32.2% |
| Amounts payable after more than one year | 17 | €600,000 | €0 | -€600,000 | -100.0% |
| Financial debts | 170/4 | €600,000 | €0 | -€600,000 | -100.0% |
| Amounts payable within one year | 42/48 | €671,631 | €861,955 | +€190,323 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | - | €600,000 | +€600,000 | |
| Financial debts | 43 | €375,000 | €0 | -€375,000 | -100.0% |
| Credit institutions | 430/8 | €375,000 | €0 | -€375,000 | -100.0% |
| Trade debts | 44 | €2,685 | €1,032 | -€1,653 | -61.6% |
| Suppliers | 440/4 | €2,685 | €1,032 | -€1,653 | -61.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €293,946 | €260,922 | -€33,024 | -11.2% |
| Accrued charges and deferred income | 492/3 | €2,945 | €2,049 | -€896 | -30.4% |
| Other operating charges | 640/8 | €3,171 | €3,200 | +€29 | +0.9% |
| Gross operating margin | 9900 | €6,427 | €56,474 | +€50,047 | +778.7% |
| Operating profit (loss) | 9901 | €3,255 | €53,274 | +€50,019 | +1536.4% |
| Financial income | 75/76B | €41 | €0 | -€41 | -100.0% |
| Recurring financial income | 75 | €41 | €0 | -€41 | -100.0% |
| Financial charges | 65/66B | €40,262 | €44,020 | +€3,758 | +9.3% |
| Recurring financial charges | 65 | €40,262 | €44,020 | +€3,758 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | -€36,966 | €9,254 | +€46,220 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€36,966 | €9,254 | +€46,220 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,966 | €9,254 | +€46,220 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.