FUNDAMENTA: 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.
FUNDAMENTA
Largest movements
- Tangible fixed assets -€28,030
down €28,030 (-33.1%), from €84,666 to €56,636
- Receivables within one year +€7,036
up €7,036 (+72.6%), from €9,697 to €16,733
of which Trade receivables: +€7,270
- Cash +€3,946
up €3,946 (+44.7%), from €8,827 to €12,773
mainly Depreciation (+€28,030)
- Profit (loss) carried forward -€14,919
down €14,919 (-25.2%), from €59,290 to €44,371
- Tax, wage and social debts -€1,253
no longer reported in 2025 (was €1,253)
- Gross operating margin -€32,732
down €32,732 (-70.5%), from €46,461 to €13,729
- Taxes -€5,390
down €5,390 (-99.5%), from €5,418 to €28
- Depreciation +€4,382
up €4,382 (+18.5%), from €23,648 to €28,030
- Other operating charges -€515
down €515 (-48.7%), from €1,058 to €543
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 | €103,215 | €86,167 | -€17,048 | -16.5% |
| Fixed assets | 21/28 | €84,691 | €56,661 | -€28,030 | -33.1% |
| Tangible fixed assets | 22/27 | €84,666 | €56,636 | -€28,030 | -33.1% |
| Furniture and vehicles | 24 | €84,666 | €56,636 | -€28,030 | -33.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €18,524 | €29,506 | +€10,982 | +59.3% |
| Amounts receivable within one year | 40/41 | €9,697 | €16,733 | +€7,036 | +72.6% |
| Trade receivables | 40 | €7,616 | €14,886 | +€7,270 | +95.5% |
| Other amounts receivable | 41 | €2,081 | €1,847 | -€234 | -11.2% |
| Cash at bank and in hand | 54/58 | €8,827 | €12,773 | +€3,946 | +44.7% |
| Total equity and liabilities | 10/49 | €103,215 | €86,167 | -€17,048 | -16.5% |
| Equity | 10/15 | €96,044 | €81,125 | -€14,919 | -15.5% |
| Contributions | 10/11 | €14,895 | €14,895 | = | 0.0% |
| Reserves | 13 | €21,859 | €21,859 | = | 0.0% |
| Distributable reserves | 133 | €21,859 | €21,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,290 | €44,371 | -€14,919 | -25.2% |
| Amounts payable | 17/49 | €7,171 | €5,042 | -€2,129 | -29.7% |
| Amounts payable within one year | 42/48 | €7,171 | €5,042 | -€2,129 | -29.7% |
| Trade debts | 44 | €5,918 | €5,042 | -€876 | -14.8% |
| Suppliers | 440/4 | €5,918 | €5,042 | -€876 | -14.8% |
| Taxes, remuneration and social security | 45 | €1,253 | - | -€1,253 | |
| Taxes | 450/3 | €1,253 | - | -€1,253 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,648 | €28,030 | +€4,382 | +18.5% |
| Other operating charges | 640/8 | €1,058 | €543 | -€515 | -48.7% |
| Gross operating margin | 9900 | €46,461 | €13,729 | -€32,732 | -70.5% |
| Operating profit (loss) | 9901 | €21,755 | -€14,844 | -€36,599 | |
| Financial charges | 65/66B | €82 | €47 | -€35 | -42.7% |
| Recurring financial charges | 65 | €82 | €47 | -€35 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €21,673 | -€14,891 | -€36,564 | |
| Income taxes | 67/77 | €5,418 | €28 | -€5,390 | -99.5% |
| Profit (loss) for the period | 9904 | €16,255 | -€14,919 | -€31,174 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,255 | -€14,919 | -€31,174 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.