Fundalys: 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.
What changed
Fundalys
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€11,962
2024 · -€1,517-€10,445
Equity
€100,290
2024 · €112,252-€11,962
Cash
€19,022
2024 · €14,405+€4,618
Balance sheet total
€1.2m
2024 · €1.0m+€244,789
Largest movements
Assets
- Tangible fixed assets +€235,739
up €235,739 (+25.0%), from €943,355 to €1.2m
of which Other tangible fixed assets: +€202,022
Equity and liabilities
- Debts after one year +€277,795
up €277,795 (+111.6%), from €249,000 to €526,796
- Trade debts -€36,289
down €36,289 (-78.8%), from €46,048 to €9,759
- Current portion of long-term debt +€23,414
up €23,414 (+65.8%), from €35,586 to €59,000
Income statement
- Depreciation +€14,942
up €14,942 (+30.7%), from €48,680 to €63,622
- Taxes -€6,875
down €6,875 (-98.0%), from €7,019 to €144
- Financial charges +€4,356
up €4,356 (+55.4%), from €7,868 to €12,224
- Other operating charges -€1,296
down €1,296 (-22.0%), from €5,886 to €4,590
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.
Result 2024
-€1,517
Gross operating margin
+€535
Depreciation
-€14,942
Other operating charges
+€1,296
Other operating items
+€146
Financial income
+€0
Financial charges
-€4,356
Taxes
+€6,875
Result 2025
-€11,962
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.
From operations
+€770
Investment
-€297,361
Financing
+€301,209
Cash 2024
€14,405
From operations (derived)
+€770
Net result for the year
-€11,962
Depreciation
+€63,622
Receivables within one year
-€6,363
Deferred charges and accrued income
-€70
Trade debts
-€36,289
Tax, wage and social debts
-€862
Other debts
-€10,884
Accrued charges and deferred income
+€3,576
Investment (derived)
-€297,361
Investment in fixed assets (net)
-€297,361
Financing
+€301,209
Debts after one year
+€277,795
Current portion of long-term debt
+€23,414
Cash 2025
€19,022
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,001,156 | €1,245,945 | +€244,789 | +24.5% |
| Fixed assets | 21/28 | €961,383 | €1,195,122 | +€233,739 | +24.3% |
| Intangible fixed assets | 21 | €17,998 | €15,998 | -€2,000 | -11.1% |
| Tangible fixed assets | 22/27 | €943,355 | €1,179,093 | +€235,739 | +25.0% |
| Land and buildings | 22 | €94,054 | €141,115 | +€47,061 | +50.0% |
| Plant, machinery and equipment | 23 | €12,940 | €12,245 | -€696 | -5.4% |
| Furniture and vehicles | 24 | €16,092 | €3,443 | -€12,649 | -78.6% |
| Other tangible fixed assets | 26 | €820,268 | €1,022,290 | +€202,022 | +24.6% |
| Financial fixed assets | 28 | €31 | €31 | = | 0.0% |
| Current assets | 29/58 | €39,773 | €50,824 | +€11,051 | +27.8% |
| Amounts receivable within one year | 40/41 | €24,180 | €30,543 | +€6,363 | +26.3% |
| Trade receivables | 40 | €23,751 | €30,342 | +€6,591 | +27.7% |
| Other amounts receivable | 41 | €429 | €202 | -€227 | -53.0% |
| Cash at bank and in hand | 54/58 | €14,405 | €19,022 | +€4,618 | +32.1% |
| Deferred charges and accrued income | 490/1 | €1,188 | €1,258 | +€70 | +5.9% |
| Total equity and liabilities | 10/49 | €1,001,156 | €1,245,945 | +€244,789 | +24.5% |
| Equity | 10/15 | €112,252 | €100,290 | -€11,962 | -10.7% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Capital | 10 | €225,000 | €225,000 | = | 0.0% |
| Issued capital | 100 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €24,500 | €24,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,500 | €22,500 | = | 0.0% |
| Legal reserve | 130 | €22,500 | €22,500 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,248 | -€149,210 | -€11,962 | -8.7% |
| Amounts payable | 17/49 | €888,904 | €1,145,655 | +€256,751 | +28.9% |
| Amounts payable after more than one year | 17 | €249,000 | €526,796 | +€277,795 | +111.6% |
| Financial debts | 170/4 | €249,000 | €526,796 | +€277,795 | +111.6% |
| Amounts payable within one year | 42/48 | €636,024 | €611,403 | -€24,620 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €35,586 | €59,000 | +€23,414 | +65.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €46,048 | €9,759 | -€36,289 | -78.8% |
| Suppliers | 440/4 | €46,048 | €9,759 | -€36,289 | -78.8% |
| Taxes, remuneration and social security | 45 | €7,508 | €6,647 | -€862 | -11.5% |
| Taxes | 450/3 | €7,508 | €6,647 | -€862 | -11.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €546,881 | €535,997 | -€10,884 | -2.0% |
| Accrued charges and deferred income | 492/3 | €3,880 | €7,456 | +€3,576 | +92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,680 | €63,622 | +€14,942 | +30.7% |
| Other operating charges | 640/8 | €5,886 | €4,590 | -€1,296 | -22.0% |
| Non-recurring operating charges | 66A | €146 | €0 | -€146 | -100.0% |
| Gross operating margin | 9900 | €68,083 | €68,617 | +€535 | +0.8% |
| Operating profit (loss) | 9901 | €13,370 | €405 | -€12,965 | -97.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €7,868 | €12,224 | +€4,356 | +55.4% |
| Recurring financial charges | 65 | €7,868 | €12,224 | +€4,356 | +55.4% |
| Profit (loss) for the period before taxes | 9903 | €5,502 | -€11,819 | -€17,320 | |
| Income taxes | 67/77 | €7,019 | €144 | -€6,875 | -98.0% |
| Profit (loss) for the period | 9904 | -€1,517 | -€11,962 | -€10,445 | -688.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,517 | -€11,962 | -€10,445 | -688.7% |
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 4 October 2026 via checked.be.