Funecare: 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.
What changed
Funecare
NACE 96.301, Funeral services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€3.1m
2024 · -€3.9m+€742,885
Equity
€3.0m
2024 · €3.3m-€345,666
Cash
€609,145
2024 · €609,058+€87
Balance sheet total
€28.9m
2024 · €29.9m-€975,477
Largest movements
Assets
- Intangible fixed assets -€1.9m
down €1.9m (-36.5%), from €5.3m to €3.4m
- Financial fixed assets +€1.0m
up €1.0m (+4.9%), from €20.9m to €22.0m
of which Affiliated companies: +€1.0m
Equity and liabilities
- Profit (loss) carried forward -€3.1m
down €3.1m (-48.8%), from -€6.4m to -€9.5m
- Revaluation surpluses +€2.8m
new in 2025: €2.8m
- Debts after one year -€2.4m
down €2.4m (-10.9%), from €21.8m to €19.4m
- Current portion of long-term debt +€1.6m
up €1.6m (+98.9%), from €1.6m to €3.1m
- Other debts -€310,393
down €310,393 (-22.0%), from €1.4m to €1.1m
Income statement
- Turnover +€1.6m
up €1.6m (+12.5%), from €12.4m to €14.0m
- Staff costs +€784,746
up €784,746 (+21.8%), from €3.6m to €4.4m
- Goods and materials +€415,329
up €415,329 (+10.2%), from €4.1m to €4.5m
of which Purchases: +€398,809
- Financial charges +€273,880
up €273,880 (+33.5%), from €817,468 to €1.1m
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.
Result 2024
-€3.9m
Turnover
+€1.6m
Other operating income
+€48,706
Goods and materials
-€415,329
Services and other goods
+€110,827
Staff costs
-€784,746
Depreciation
-€71,649
Write-downs
+€79,664
Other operating charges
-€74,991
Other operating items
+€556,654
Financial income
+€7,796
Financial charges
-€273,880
Taxes
+€1,358
Result 2025
-€3.1m
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.
From operations
+€47,102
Investment
-€2.0m
Financing
+€1.9m
Cash 2024
€609,058
From operations (derived)
+€47,102
Net result for the year
-€3.1m
Depreciation
+€2.9m
Stocks and contracts
+€16,634
Receivables within one year
+€72,083
Deferred charges and accrued income
+€15,720
Trade debts
+€182,039
Tax, wage and social debts
+€72,173
Other debts
-€310,393
Accrued charges and deferred income
+€258,105
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€2.0m
Financing
+€1.9m
Debts after one year
-€2.4m
Current portion of long-term debt
+€1.6m
Contributions, distributions and other
+€2.8m
Cash 2025
€609,145
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,922,704 | €28,947,227 | -€975,477 | -3.3% |
| Fixed assets | 21/28 | €26,884,783 | €26,013,655 | -€871,127 | -3.2% |
| Intangible fixed assets | 21 | €5,314,195 | €3,376,400 | -€1.9m | -36.5% |
| Tangible fixed assets | 22/27 | €622,935 | €666,869 | +€43,935 | +7.1% |
| Plant, machinery and equipment | 23 | €186,170 | €186,035 | -€134 | -0.1% |
| Furniture and vehicles | 24 | €180,749 | €136,701 | -€44,048 | -24.4% |
| Other tangible fixed assets | 26 | €256,016 | €344,132 | +€88,117 | +34.4% |
| Financial fixed assets | 28 | €20,947,654 | €21,970,386 | +€1.0m | +4.9% |
| Affiliated companies | 280/1 | €20,905,230 | €21,926,857 | +€1.0m | +4.9% |
| Participating interests | 280 | €20,905,230 | €21,926,857 | +€1.0m | +4.9% |
| Other financial fixed assets | 284/8 | €42,424 | €43,529 | +€1,105 | +2.6% |
| Amounts receivable and cash guarantees | 285/8 | €42,424 | €43,529 | +€1,105 | +2.6% |
| Current assets | 29/58 | €3,037,921 | €2,933,572 | -€104,349 | -3.4% |
| Stocks and contracts in progress | 3 | €529,309 | €512,675 | -€16,634 | -3.1% |
| Stocks | 30/36 | €529,309 | €512,675 | -€16,634 | -3.1% |
| Goods purchased for resale | 34 | €529,309 | €512,675 | -€16,634 | -3.1% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,783,732 | €1,711,650 | -€72,083 | -4.0% |
| Trade receivables | 40 | €1,735,926 | €1,688,311 | -€47,615 | -2.7% |
| Other amounts receivable | 41 | €47,806 | €23,338 | -€24,468 | -51.2% |
| Cash at bank and in hand | 54/58 | €609,058 | €609,145 | +€87 | 0.0% |
| Deferred charges and accrued income | 490/1 | €115,822 | €100,102 | -€15,720 | -13.6% |
| Total equity and liabilities | 10/49 | €29,922,704 | €28,947,227 | -€975,477 | -3.3% |
| Equity | 10/15 | €3,312,442 | €2,966,776 | -€345,666 | -10.4% |
| Contributions | 10/11 | €9,345,826 | €9,345,826 | = | 0.0% |
| Capital | 10 | €9,345,826 | €9,345,826 | = | 0.0% |
| Issued capital | 100 | €9,358,226 | €9,358,226 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | - | €2,766,781 | +€2.8m | |
| Reserves | 13 | €341,276 | €341,276 | = | 0.0% |
| Non-distributable reserves | 130/1 | €194,818 | €194,818 | = | 0.0% |
| Legal reserve | 130 | €194,818 | €194,818 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,237 | €22,237 | = | 0.0% |
| Distributable reserves | 133 | €124,220 | €124,220 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,374,660 | -€9,487,107 | -€3.1m | -48.8% |
| Amounts payable | 17/49 | €26,610,262 | €25,980,452 | -€629,811 | -2.4% |
| Amounts payable after more than one year | 17 | €21,768,441 | €19,386,418 | -€2.4m | -10.9% |
| Financial debts | 170/4 | €21,768,441 | €19,386,418 | -€2.4m | -10.9% |
| Subordinated loans | 170 | €6,907,386 | €6,010,380 | -€897,006 | -13.0% |
| Credit institutions | 173 | €12,977,992 | €10,661,067 | -€2.3m | -17.9% |
| Other loans | 174 | €1,883,064 | €2,714,971 | +€831,907 | +44.2% |
| Amounts payable within one year | 42/48 | €4,512,423 | €6,006,531 | +€1.5m | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €1,567,062 | €3,117,351 | +€1.6m | +98.9% |
| Trade debts | 44 | €889,093 | €1,071,132 | +€182,039 | +20.5% |
| Suppliers | 440/4 | €889,093 | €1,071,132 | +€182,039 | +20.5% |
| Advances received on contracts in progress | 46 | €7,902 | €7,902 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €637,881 | €710,054 | +€72,173 | +11.3% |
| Taxes | 450/3 | €75,030 | €70,556 | -€4,474 | -6.0% |
| Remuneration and social security | 454/9 | €562,851 | €639,498 | +€76,647 | +13.6% |
| Other amounts payable | 47/48 | €1,410,485 | €1,100,092 | -€310,393 | -22.0% |
| Accrued charges and deferred income | 492/3 | €329,398 | €587,503 | +€258,105 | +78.4% |
| Operating income | 70/76A | €12,924,061 | €15,006,389 | +€2.1m | +16.1% |
| Turnover | 70 | €12,437,522 | €13,995,996 | +€1.6m | +12.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €468,387 | +€468,387 | |
| Other operating income | 74 | €448,082 | €496,788 | +€48,706 | +10.9% |
| Non-recurring operating income | 76A | €38,457 | €45,218 | +€6,761 | +17.6% |
| Operating charges | 60/66A | €15,970,187 | €17,044,904 | +€1.1m | +6.7% |
| Goods for resale, raw materials and consumables | 60 | €4,072,738 | €4,488,067 | +€415,329 | +10.2% |
| Purchases | 600/8 | €4,062,991 | €4,461,801 | +€398,809 | +9.8% |
| Change in stocks: decrease (increase) | 609 | €9,747 | €26,266 | +€16,520 | +169.5% |
| Services and other goods | 61 | €5,111,284 | €5,000,457 | -€110,827 | -2.2% |
| Remuneration, social security and pensions | 62 | €3,593,188 | €4,377,933 | +€784,746 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,781,540 | €2,853,189 | +€71,649 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €147,157 | €67,492 | -€79,664 | -54.1% |
| Other operating charges | 640/8 | €155,987 | €230,979 | +€74,991 | +48.1% |
| Non-recurring operating charges | 66A | €108,292 | €26,786 | -€81,506 | -75.3% |
| Operating profit (loss) | 9901 | -€3,046,126 | -€2,038,514 | +€1.0m | +33.1% |
| Financial income | 75/76B | €13,670 | €21,467 | +€7,796 | +57.0% |
| Recurring financial income | 75 | €13,620 | €21,467 | +€7,846 | +57.6% |
| Income from current assets | 751 | €11,071 | €1,723 | -€9,349 | -84.4% |
| Other financial income | 752/9 | €2,549 | €19,744 | +€17,195 | +674.5% |
| Non-recurring financial income | 76B | €50 | - | -€50 | |
| Financial charges | 65/66B | €817,468 | €1,091,348 | +€273,880 | +33.5% |
| Recurring financial charges | 65 | €817,468 | €1,091,348 | +€273,880 | +33.5% |
| Debt charges | 650 | €797,043 | €1,076,062 | +€279,019 | +35.0% |
| Other financial charges | 652/9 | €20,425 | €15,286 | -€5,139 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,849,923 | -€3,108,396 | +€741,527 | +19.3% |
| Income taxes | 67/77 | €5,409 | €4,051 | -€1,358 | -25.1% |
| Taxes | 670/3 | €6,030 | €4,051 | -€1,979 | -32.8% |
| Tax adjustments and reversals of tax provisions | 77 | €621 | - | -€621 | |
| Profit (loss) for the period | 9904 | -€3,855,332 | -€3,112,447 | +€742,885 | +19.3% |
| Transfer from tax-exempt reserves | 789 | €76,013 | - | -€76,013 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,779,320 | -€3,112,447 | +€666,873 | +17.6% |
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 4 October 2026 via checked.be.