FUNEQUEST: 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.
FUNEQUEST
Largest movements
- Receivables within one year -€65,994
down €65,994 (-90.8%), from €72,698 to €6,704
of which Trade receivables: -€67,478
- Intangible fixed assets -€40,000
down €40,000 (-10.8%), from €369,863 to €329,863
- Stocks and contracts -€22,618
down €22,618 (-15.0%), from €150,619 to €128,000
- Tangible fixed assets +€7,601
up €7,601 (+10.4%), from €73,189 to €80,791
of which Plant, machinery and equipment: +€14,498
- Other debts -€104,919
down €104,919 (-61.9%), from €169,591 to €64,672
- Debts after one year -€59,216
down €59,216 (-19.0%), from €311,176 to €251,959
- Reserves +€13,221
up €13,221 (+17.4%), from €75,945 to €89,166
of which Distributable reserves: +€15,081
- Tax, wage and social debts +€9,984
up €9,984 (+25.3%), from €39,446 to €49,431
of which Remuneration and social security: +€13,171
- Trade debts +€9,347
up €9,347 (+219%), from €4,267 to €13,613
- Gross operating margin -€55,218
down €55,218 (-25.1%), from €219,885 to €164,666
- Taxes -€20,729
down €20,729 (-57.1%), from €36,293 to €15,564
- Depreciation +€16,391
up €16,391 (+37.6%), from €43,647 to €60,038
- Staff costs +€8,068
up €8,068 (+50.1%), from €16,091 to €24,159
- Financial charges +€6,709
up €6,709 (+45.5%), from €14,729 to €21,438
From the 2023 result to the 2024 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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €666,369 | €545,358 | -€121,011 | -18.2% |
| Fixed assets | 21/28 | €443,052 | €410,654 | -€32,399 | -7.3% |
| Intangible fixed assets | 21 | €369,863 | €329,863 | -€40,000 | -10.8% |
| Tangible fixed assets | 22/27 | €73,189 | €80,791 | +€7,601 | +10.4% |
| Land and buildings | 22 | - | €1,552 | +€1,552 | |
| Plant, machinery and equipment | 23 | €22,181 | €36,679 | +€14,498 | +65.4% |
| Furniture and vehicles | 24 | €51,009 | €42,559 | -€8,449 | -16.6% |
| Current assets | 29/58 | €223,317 | €134,704 | -€88,612 | -39.7% |
| Stocks and contracts in progress | 3 | €150,619 | €128,000 | -€22,618 | -15.0% |
| Stocks | 30/36 | €150,619 | €128,000 | -€22,618 | -15.0% |
| Amounts receivable within one year | 40/41 | €72,698 | €6,704 | -€65,994 | -90.8% |
| Trade receivables | 40 | €72,698 | €5,220 | -€67,478 | -92.8% |
| Other amounts receivable | 41 | - | €1,484 | +€1,484 | |
| Total equity and liabilities | 10/49 | €666,369 | €545,358 | -€121,011 | -18.2% |
| Equity | 10/15 | €82,145 | €95,366 | +€13,221 | +16.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €75,945 | €89,166 | +€13,221 | +17.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €74,085 | €89,166 | +€15,081 | +20.4% |
| Amounts payable | 17/49 | €584,224 | €449,992 | -€134,232 | -23.0% |
| Amounts payable after more than one year | 17 | €311,176 | €251,959 | -€59,216 | -19.0% |
| Financial debts | 170/4 | €311,176 | €251,959 | -€59,216 | -19.0% |
| Amounts payable within one year | 42/48 | €269,348 | €186,933 | -€82,415 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €56,043 | €59,216 | +€3,173 | +5.7% |
| Trade debts | 44 | €4,267 | €13,613 | +€9,347 | +219% |
| Suppliers | 440/4 | €4,267 | €13,613 | +€9,347 | +219% |
| Taxes, remuneration and social security | 45 | €39,446 | €49,431 | +€9,984 | +25.3% |
| Taxes | 450/3 | €39,446 | €36,260 | -€3,186 | -8.1% |
| Remuneration and social security | 454/9 | - | €13,171 | +€13,171 | |
| Other amounts payable | 47/48 | €169,591 | €64,672 | -€104,919 | -61.9% |
| Accrued charges and deferred income | 492/3 | €3,700 | €11,100 | +€7,400 | +200% |
| Remuneration, social security and pensions | 62 | €16,091 | €24,159 | +€8,068 | +50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,647 | €60,038 | +€16,391 | +37.6% |
| Other operating charges | 640/8 | €9,100 | €9,792 | +€691 | +7.6% |
| Gross operating margin | 9900 | €219,885 | €164,666 | -€55,218 | -25.1% |
| Operating profit (loss) | 9901 | €151,046 | €70,677 | -€80,369 | -53.2% |
| Financial charges | 65/66B | €14,729 | €21,438 | +€6,709 | +45.5% |
| Recurring financial charges | 65 | €14,729 | €21,438 | +€6,709 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €136,317 | €49,239 | -€87,078 | -63.9% |
| Income taxes | 67/77 | €36,293 | €15,564 | -€20,729 | -57.1% |
| Profit (loss) for the period | 9904 | €100,024 | €33,675 | -€66,349 | -66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €100,024 | €33,675 | -€66,349 | -66.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.