FUNDI: 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.
FUNDI
Largest movements
- Cash +€21,979
up €21,979 (+90.2%), from €24,362 to €46,341
mainly Receivables within one year (+€10,978) and Depreciation (+€5,918)
- Receivables within one year -€10,978
down €10,978 (-56.6%), from €19,392 to €8,413
of which Trade receivables: -€10,993
- Tangible fixed assets -€6,085
down €6,085 (-42.0%), from €14,496 to €8,410
of which Leasing and similar rights: -€4,611
- Stocks and contracts +€1,025
up €1,025 (+29.7%), from €3,455 to €4,480
of which Contracts in progress: +€1,350
- Reserves +€5,800
up €5,800 (+13.0%), from €44,700 to €50,500
- Trade debts +€4,168
up €4,168 (+379.9%), from €1,097 to €5,265
- Debts after one year -€2,984
no longer reported in 2025 (was €2,984)
- Tax, wage and social debts -€1,126
down €1,126 (-16.8%), from €6,696 to €5,570
- Gross operating margin -€15,110
down €15,110 (-48.7%), from €31,006 to €15,896
- Taxes -€4,001
down €4,001 (-61.3%), from €6,531 to €2,530
- Other operating charges -€645
down €645 (-39.1%), from €1,649 to €1,004
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 | €67,284 | €73,394 | +€6,110 | +9.1% |
| Fixed assets | 21/28 | €14,496 | €8,410 | -€6,085 | -42.0% |
| Tangible fixed assets | 22/27 | €14,496 | €8,410 | -€6,085 | -42.0% |
| Plant, machinery and equipment | 23 | €1,602 | €1,365 | -€237 | -14.8% |
| Furniture and vehicles | 24 | €2,105 | €868 | -€1,237 | -58.8% |
| Leasing and similar rights | 25 | €8,515 | €3,904 | -€4,611 | -54.2% |
| Other tangible fixed assets | 26 | €2,273 | €2,273 | = | 0.0% |
| Current assets | 29/58 | €52,788 | €64,984 | +€12,195 | +23.1% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €3,455 | €4,480 | +€1,025 | +29.7% |
| Stocks | 30/36 | €1,955 | €1,630 | -€325 | -16.6% |
| Contracts in progress | 37 | €1,500 | €2,850 | +€1,350 | +90.0% |
| Amounts receivable within one year | 40/41 | €19,392 | €8,413 | -€10,978 | -56.6% |
| Trade receivables | 40 | €19,392 | €8,398 | -€10,993 | -56.7% |
| Other amounts receivable | 41 | - | €15 | +€15 | |
| Cash at bank and in hand | 54/58 | €24,362 | €46,341 | +€21,979 | +90.2% |
| Deferred charges and accrued income | 490/1 | €580 | €750 | +€170 | +29.3% |
| Total equity and liabilities | 10/49 | €67,284 | €73,394 | +€6,110 | +9.1% |
| Equity | 10/15 | €52,511 | €58,397 | +€5,887 | +11.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €44,700 | €50,500 | +€5,800 | +13.0% |
| Distributable reserves | 133 | €44,700 | €50,500 | +€5,800 | +13.0% |
| Profit (loss) carried forward | 14 | €1,611 | €1,697 | +€87 | +5.4% |
| Amounts payable | 17/49 | €14,774 | €14,997 | +€223 | +1.5% |
| Amounts payable after more than one year | 17 | €2,984 | - | -€2,984 | |
| Financial debts | 170/4 | €2,984 | - | -€2,984 | |
| Amounts payable within one year | 42/48 | €11,790 | €14,597 | +€2,807 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €3,130 | €2,984 | -€147 | -4.7% |
| Trade debts | 44 | €1,097 | €5,265 | +€4,168 | +379.9% |
| Suppliers | 440/4 | €1,097 | €5,265 | +€4,168 | +379.9% |
| Taxes, remuneration and social security | 45 | €6,696 | €5,570 | -€1,126 | -16.8% |
| Taxes | 450/3 | €6,696 | €5,570 | -€1,126 | -16.8% |
| Other amounts payable | 47/48 | €866 | €778 | -€88 | -10.1% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | €125 | €233 | +€108 | +86.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,003 | €5,918 | -€86 | -1.4% |
| Other operating charges | 640/8 | €1,649 | €1,004 | -€645 | -39.1% |
| Gross operating margin | 9900 | €31,006 | €15,896 | -€15,110 | -48.7% |
| Operating profit (loss) | 9901 | €23,354 | €8,974 | -€14,380 | -61.6% |
| Financial income | 75/76B | €110 | €250 | +€140 | +127.3% |
| Recurring financial income | 75 | €110 | €250 | +€140 | +127.3% |
| Financial charges | 65/66B | €601 | €807 | +€206 | +34.3% |
| Recurring financial charges | 65 | €601 | €807 | +€206 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | €22,863 | €8,417 | -€14,446 | -63.2% |
| Income taxes | 67/77 | €6,531 | €2,530 | -€4,001 | -61.3% |
| Profit (loss) for the period | 9904 | €16,332 | €5,887 | -€10,445 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,332 | €5,887 | -€10,445 | -64.0% |
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.