FundAmentz: 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.
FundAmentz
Largest movements
- Stocks and contracts -€762,977
down €762,977 (-77.7%), from €981,468 to €218,490
- Tangible fixed assets +€86,276
up €86,276 (+11.4%), from €759,602 to €845,878
of which Land and buildings: +€93,789
- Current portion of long-term debt -€363,145
down €363,145 (-70.7%), from €513,593 to €150,447
- Debts after one year -€233,019
down €233,019 (-34.4%), from €677,046 to €444,026
- Profit (loss) carried forward -€130,903
down €130,903 (-87.2%), from -€150,088 to -€280,992
- Trade debts +€69,117
up €69,117 (+182.1%), from €37,966 to €107,083
- Gross operating margin -€51,213
down €51,213, from €34,688 to -€16,525
- Other operating charges -€21,286
down €21,286 (-31.7%), from €67,152 to €45,866
- Financial charges -€19,677
down €19,677 (-36.6%), from €53,815 to €34,137
- Depreciation +€8,638
up €8,638 (+33.7%), from €25,654 to €34,292
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 | €1,802,373 | €1,117,814 | -€684,560 | -38.0% |
| Fixed assets | 21/28 | €759,602 | €845,878 | +€86,276 | +11.4% |
| Tangible fixed assets | 22/27 | €759,602 | €845,878 | +€86,276 | +11.4% |
| Land and buildings | 22 | €725,037 | €818,826 | +€93,789 | +12.9% |
| Furniture and vehicles | 24 | €34,564 | €27,052 | -€7,512 | -21.7% |
| Current assets | 29/58 | €1,042,772 | €271,936 | -€770,836 | -73.9% |
| Stocks and contracts in progress | 3 | €981,468 | €218,490 | -€762,977 | -77.7% |
| Stocks | 30/36 | €981,468 | €218,490 | -€762,977 | -77.7% |
| Amounts receivable within one year | 40/41 | €28,301 | €26,702 | -€1,599 | -5.6% |
| Trade receivables | 40 | €26,528 | €26,702 | +€174 | +0.7% |
| Other amounts receivable | 41 | €1,773 | - | -€1,773 | |
| Cash at bank and in hand | 54/58 | €29,871 | €24,634 | -€5,237 | -17.5% |
| Deferred charges and accrued income | 490/1 | €3,132 | €2,109 | -€1,023 | -32.7% |
| Total equity and liabilities | 10/49 | €1,802,373 | €1,117,814 | -€684,560 | -38.0% |
| Equity | 10/15 | €138,948 | €8,045 | -€130,903 | -94.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €270,437 | €270,437 | = | 0.0% |
| Distributable reserves | 133 | €270,437 | €270,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,088 | -€280,992 | -€130,903 | -87.2% |
| Amounts payable | 17/49 | €1,663,425 | €1,109,769 | -€553,656 | -33.3% |
| Amounts payable after more than one year | 17 | €677,046 | €444,026 | -€233,019 | -34.4% |
| Financial debts | 170/4 | €677,046 | €444,026 | -€233,019 | -34.4% |
| Amounts payable within one year | 42/48 | €980,666 | €662,776 | -€317,890 | -32.4% |
| Current portion of amounts payable after more than one year | 42 | €513,593 | €150,447 | -€363,145 | -70.7% |
| Trade debts | 44 | €37,966 | €107,083 | +€69,117 | +182.1% |
| Suppliers | 440/4 | €37,966 | €107,083 | +€69,117 | +182.1% |
| Taxes, remuneration and social security | 45 | €16,146 | €5,048 | -€11,099 | -68.7% |
| Taxes | 450/3 | €16,146 | €5,048 | -€11,099 | -68.7% |
| Other amounts payable | 47/48 | €412,961 | €400,198 | -€12,763 | -3.1% |
| Accrued charges and deferred income | 492/3 | €5,713 | €2,967 | -€2,747 | -48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,654 | €34,292 | +€8,638 | +33.7% |
| Other operating charges | 640/8 | €67,152 | €45,866 | -€21,286 | -31.7% |
| Gross operating margin | 9900 | €34,688 | -€16,525 | -€51,213 | |
| Operating profit (loss) | 9901 | -€58,118 | -€96,683 | -€38,565 | -66.4% |
| Financial income | 75/76B | €266 | - | -€266 | |
| Recurring financial income | 75 | €266 | - | -€266 | |
| Financial charges | 65/66B | €53,815 | €34,137 | -€19,677 | -36.6% |
| Recurring financial charges | 65 | €53,815 | €34,137 | -€19,677 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | -€111,666 | -€130,821 | -€19,154 | -17.2% |
| Income taxes | 67/77 | €63 | €83 | +€20 | +31.1% |
| Profit (loss) for the period | 9904 | -€111,730 | -€130,903 | -€19,174 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€111,730 | -€130,903 | -€19,174 | -17.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.