fundat: 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.
fundat
Largest movements
- Receivables within one year -€355,477
down €355,477 (-95.7%), from €371,434 to €15,958
of which Trade receivables: -€262,244
- Current investments -€105,000
down €105,000 (-75.0%), from €140,000 to €35,000
- Profit (loss) carried forward -€498,952
down €498,952, from €455,084 to -€43,868
- Other debts +€79,520
up €79,520 (+1016.0%), from €7,827 to €87,347
- Tax, wage and social debts -€52,409
down €52,409 (-98.4%), from €53,240 to €832
- Gross operating margin -€269,545
down €269,545, from €223,407 to -€46,138
- Taxes -€53,592
down €53,592 (-99.5%), from €53,864 to €272
- Financial income -€2,977
down €2,977 (-40.8%), from €7,295 to €4,319
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 | €526,177 | €56,231 | -€469,946 | -89.3% |
| Fixed assets | 21/28 | €5,906 | €1,448 | -€4,457 | -75.5% |
| Tangible fixed assets | 22/27 | €5,906 | €1,448 | -€4,457 | -75.5% |
| Furniture and vehicles | 24 | €5,906 | €1,448 | -€4,457 | -75.5% |
| Current assets | 29/58 | €520,271 | €54,783 | -€465,488 | -89.5% |
| Amounts receivable within one year | 40/41 | €371,434 | €15,958 | -€355,477 | -95.7% |
| Trade receivables | 40 | €263,895 | €1,651 | -€262,244 | -99.4% |
| Other amounts receivable | 41 | €107,539 | €14,306 | -€93,233 | -86.7% |
| Current investments | 50/53 | €140,000 | €35,000 | -€105,000 | -75.0% |
| Cash at bank and in hand | 54/58 | €4,133 | €493 | -€3,640 | -88.1% |
| Deferred charges and accrued income | 490/1 | €4,704 | €3,333 | -€1,371 | -29.2% |
| Total equity and liabilities | 10/49 | €526,177 | €56,231 | -€469,946 | -89.3% |
| Equity | 10/15 | €460,084 | -€38,868 | -€498,952 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €455,084 | -€43,868 | -€498,952 | |
| Amounts payable | 17/49 | €66,093 | €95,099 | +€29,006 | +43.9% |
| Amounts payable within one year | 42/48 | €66,093 | €95,099 | +€29,006 | +43.9% |
| Trade debts | 44 | €5,025 | €6,920 | +€1,894 | +37.7% |
| Suppliers | 440/4 | €5,025 | €6,920 | +€1,894 | +37.7% |
| Taxes, remuneration and social security | 45 | €53,240 | €832 | -€52,409 | -98.4% |
| Taxes | 450/3 | €53,240 | €832 | -€52,409 | -98.4% |
| Other amounts payable | 47/48 | €7,827 | €87,347 | +€79,520 | +1016.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,288 | €4,457 | +€170 | +4.0% |
| Other operating charges | 640/8 | €2,302 | €2,160 | -€141 | -6.1% |
| Non-recurring operating charges | 66A | €1,182 | - | -€1,182 | |
| Gross operating margin | 9900 | €223,407 | -€46,138 | -€269,545 | |
| Operating profit (loss) | 9901 | €215,636 | -€52,756 | -€268,392 | |
| Financial income | 75/76B | €7,295 | €4,319 | -€2,977 | -40.8% |
| Recurring financial income | 75 | €7,295 | €4,319 | -€2,977 | -40.8% |
| Financial charges | 65/66B | €493 | €242 | -€251 | -50.9% |
| Recurring financial charges | 65 | €493 | €242 | -€251 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €222,438 | -€48,679 | -€271,117 | |
| Income taxes | 67/77 | €53,864 | €272 | -€53,592 | -99.5% |
| Profit (loss) for the period | 9904 | €168,574 | -€48,952 | -€217,525 | |
| Profit (loss) for the period to be appropriated | 9905 | €168,574 | -€48,952 | -€217,525 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.