FUNDUS: 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.
FUNDUS
Largest movements
- Tangible fixed assets -€343,896
down €343,896 (-9.2%), from €3.7m to €3.4m
of which Land and buildings: -€307,530
- Receivables within one year +€266,702
up €266,702 (+273.0%), from €97,691 to €364,393
of which Other amounts receivable: +€324,830
- Debts after one year -€235,763
down €235,763 (-20.4%), from €1.2m to €917,957
of which Financial debts: -€240,793
- Other debts +€226,908
up €226,908 (+18.2%), from €1.2m to €1.5m
- Financial charges -€34,747
down €34,747 (-24.4%), from €142,437 to €107,691
- Taxes +€34,659
up €34,659 (+227.2%), from €15,258 to €49,917
- Depreciation -€12,970
down €12,970 (-6.2%), from €208,405 to €195,435
- Gross operating margin +€9,022
up €9,022 (+2.0%), from €462,547 to €471,569
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 | €4,008,970 | €3,994,369 | -€14,601 | -0.4% |
| Fixed assets | 21/28 | €3,759,101 | €3,415,204 | -€343,896 | -9.1% |
| Intangible fixed assets | 21 | €25,000 | €25,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,734,101 | €3,390,204 | -€343,896 | -9.2% |
| Land and buildings | 22 | €3,657,250 | €3,349,720 | -€307,530 | -8.4% |
| Furniture and vehicles | 24 | €76,850 | €40,484 | -€36,366 | -47.3% |
| Current assets | 29/58 | €249,869 | €579,165 | +€329,296 | +131.8% |
| Amounts receivable within one year | 40/41 | €97,691 | €364,393 | +€266,702 | +273.0% |
| Trade receivables | 40 | €58,127 | - | -€58,127 | |
| Other amounts receivable | 41 | €39,564 | €364,393 | +€324,830 | +821.0% |
| Current investments | 50/53 | €65,000 | €98,500 | +€33,500 | +51.5% |
| Cash at bank and in hand | 54/58 | €87,178 | €116,272 | +€29,094 | +33.4% |
| Total equity and liabilities | 10/49 | €4,008,970 | €3,994,369 | -€14,601 | -0.4% |
| Equity | 10/15 | €1,325,854 | €1,332,409 | +€6,555 | +0.5% |
| Contributions | 10/11 | €404,500 | €404,500 | = | 0.0% |
| Capital | 10 | €404,500 | €404,500 | = | 0.0% |
| Issued capital | 100 | €404,500 | €404,500 | = | 0.0% |
| Reserves | 13 | €921,354 | €927,909 | +€6,555 | +0.7% |
| Non-distributable reserves | 130/1 | €40,450 | €40,450 | = | 0.0% |
| Legal reserve | 130 | €40,450 | €40,450 | = | 0.0% |
| Distributable reserves | 133 | €880,904 | €887,459 | +€6,555 | +0.7% |
| Amounts payable | 17/49 | €2,683,116 | €2,661,960 | -€21,156 | -0.8% |
| Amounts payable after more than one year | 17 | €1,153,721 | €917,957 | -€235,763 | -20.4% |
| Financial debts | 170/4 | €1,153,721 | €912,927 | -€240,793 | -20.9% |
| Other amounts payable | 178/9 | - | €5,030 | +€5,030 | |
| Amounts payable within one year | 42/48 | €1,529,395 | €1,744,003 | +€214,608 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €193,714 | €169,781 | -€23,933 | -12.4% |
| Financial debts | 43 | €15,000 | €15,000 | = | 0.0% |
| Credit institutions | 430/8 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €32,994 | €32,337 | -€657 | -2.0% |
| Suppliers | 440/4 | €32,994 | €32,337 | -€657 | -2.0% |
| Advances received on contracts in progress | 46 | - | €36,148 | +€36,148 | |
| Taxes, remuneration and social security | 45 | €38,640 | €14,782 | -€23,858 | -61.7% |
| Taxes | 450/3 | €38,640 | €14,782 | -€23,858 | -61.7% |
| Other amounts payable | 47/48 | €1,249,047 | €1,475,956 | +€226,908 | +18.2% |
| Non-recurring operating income | 76A | - | €48,104 | +€48,104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208,405 | €195,435 | -€12,970 | -6.2% |
| Other operating charges | 640/8 | €26,221 | €27,083 | +€862 | +3.3% |
| Gross operating margin | 9900 | €462,547 | €471,569 | +€9,022 | +2.0% |
| Operating profit (loss) | 9901 | €227,921 | €249,051 | +€21,130 | +9.3% |
| Financial income | 75/76B | €211 | €611 | +€401 | +189.9% |
| Recurring financial income | 75 | €211 | €611 | +€401 | +189.9% |
| Financial charges | 65/66B | €142,437 | €107,691 | -€34,747 | -24.4% |
| Recurring financial charges | 65 | €142,437 | €107,691 | -€34,747 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €85,695 | €141,972 | +€56,277 | +65.7% |
| Income taxes | 67/77 | €15,258 | €49,917 | +€34,659 | +227.2% |
| Profit (loss) for the period | 9904 | €70,437 | €92,055 | +€21,618 | +30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €70,437 | €92,055 | +€21,618 | +30.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.