Fundex Foundations: 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.
Fundex Foundations
Largest movements
- Receivables within one year +€213,628
up €213,628 (+145078.1%), from €147 to €213,775
of which Trade receivables: +€173,000
- Cash +€76,958
up €76,958 (+157.6%), from €48,818 to €125,776
mainly Trade debts (+€258,416) and Other debts (+€100,400)
- Trade debts +€258,416
up €258,416 (+205092.0%), from €126 to €258,542
- Other debts +€100,400
new in 2025: €100,400
- Profit (loss) carried forward -€72,325
down €72,325 (-6233.2%), from -€1,160 to -€73,486
- Accrued charges and deferred income +€3,625
new in 2025: €3,625
- Gross operating margin -€64,650
down €64,650 (-1251.0%), from -€5,168 to -€69,817
- Financial charges +€1,621
up €1,621 (+1006.5%), from €161 to €1,782
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 | €48,966 | €339,551 | +€290,585 | +593.4% |
| Fixed assets | 21/28 | €0 | - | = | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €48,966 | €339,551 | +€290,585 | +593.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €147 | €213,775 | +€213,628 | +145078.1% |
| Trade receivables | 40 | - | €173,000 | +€173,000 | |
| Other amounts receivable | 41 | €147 | €40,775 | +€40,627 | +27590.7% |
| Cash at bank and in hand | 54/58 | €48,818 | €125,776 | +€76,958 | +157.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €48,966 | €339,551 | +€290,585 | +593.4% |
| Equity | 10/15 | €48,840 | -€23,486 | -€72,325 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€1,160 | -€73,486 | -€72,325 | -6233.2% |
| Amounts payable | 17/49 | €126 | €363,037 | +€362,911 | +288024.2% |
| Amounts payable within one year | 42/48 | €126 | €359,412 | +€359,286 | +285147.2% |
| Trade debts | 44 | €126 | €258,542 | +€258,416 | +205092.0% |
| Suppliers | 440/4 | €126 | €258,542 | +€258,416 | +205092.0% |
| Taxes, remuneration and social security | 45 | €0 | €470 | +€470 | |
| Taxes | 450/3 | €0 | €470 | +€470 | |
| Other amounts payable | 47/48 | - | €100,400 | +€100,400 | |
| Accrued charges and deferred income | 492/3 | - | €3,625 | +€3,625 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €513 | €726 | +€212 | +41.4% |
| Non-recurring operating charges | 66A | €12,674 | €0 | -€12,674 | -100.0% |
| Gross operating margin | 9900 | -€5,168 | -€69,817 | -€64,650 | -1251.0% |
| Operating profit (loss) | 9901 | -€18,355 | -€70,543 | -€52,188 | -284.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €161 | €1,782 | +€1,621 | +1006.5% |
| Recurring financial charges | 65 | €161 | €1,782 | +€1,621 | +1006.5% |
| Profit (loss) for the period before taxes | 9903 | -€18,516 | -€72,325 | -€53,809 | -290.6% |
| Profit (loss) for the period | 9904 | -€18,516 | -€72,325 | -€53,809 | -290.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,516 | -€72,325 | -€53,809 | -290.6% |
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 12 October 2026 via checked.be.