FUNETHA: 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.
FUNETHA
Largest movements
- Receivables within one year +€24,815
up €24,815 (+35.9%), from €69,057 to €93,872
of which Other amounts receivable: +€16,222
- Tangible fixed assets -€16,126
down €16,126 (-33.9%), from €47,587 to €31,461
- Cash +€4,358
up €4,358 (+44.9%), from €9,705 to €14,063
mainly Trade debts (+€23,416) and Depreciation (+€16,126)
- Stocks and contracts +€3,807
up €3,807 (+3.6%), from €105,622 to €109,429
- Trade debts +€23,416
up €23,416 (+93.9%), from €24,926 to €48,342
- Other debts -€9,378
down €9,378 (-74.9%), from €12,527 to €3,149
- Tax, wage and social debts +€7,597
up €7,597 (+190%), from €4,000 to €11,597
- Current portion of long-term debt -€4,782
down €4,782 (-16.7%), from €28,687 to €23,905
- Purchases and services -€18,502
down €18,502 (-4.5%), from €408,721 to €390,219
- Turnover -€17,782
down €17,782 (-3.7%), from €480,851 to €463,069
- Depreciation +€5,400
up €5,400 (+50.3%), from €10,726 to €16,126
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.
Derived cash bridge
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 | €231,971 | €248,825 | +€16,854 | +7.3% |
| Fixed assets | 21/28 | €47,587 | €31,461 | -€16,126 | -33.9% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €47,587 | €31,461 | -€16,126 | -33.9% |
| Furniture and vehicles | 24 | €47,587 | €31,461 | -€16,126 | -33.9% |
| Current assets | 29/58 | €184,384 | €217,364 | +€32,980 | +17.9% |
| Stocks and contracts in progress | 3 | €105,622 | €109,429 | +€3,807 | +3.6% |
| Stocks | 30/36 | €105,622 | €109,429 | +€3,807 | +3.6% |
| Amounts receivable within one year | 40/41 | €69,057 | €93,872 | +€24,815 | +35.9% |
| Trade receivables | 40 | €42,027 | €50,621 | +€8,594 | +20.4% |
| Other amounts receivable | 41 | €27,030 | €43,252 | +€16,222 | +60.0% |
| Cash at bank and in hand | 54/58 | €9,705 | €14,063 | +€4,358 | +44.9% |
| Total equity and liabilities | 10/49 | €231,971 | €248,825 | +€16,854 | +7.3% |
| Equity | 10/15 | €161,831 | €161,832 | +€1 | 0.0% |
| Contributions | 10/11 | €27,268 | €27,268 | +€0 | 0.0% |
| Capital | 10 | €27,268 | €27,268 | +€0 | 0.0% |
| Issued capital | 100 | €27,268 | €27,268 | +€0 | 0.0% |
| Reserves | 13 | €408 | €408 | = | 0.0% |
| Non-distributable reserves | 130/1 | €408 | €408 | = | 0.0% |
| Legal reserve | 130 | €408 | €408 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,155 | €134,155 | +€0 | 0.0% |
| Amounts payable | 17/49 | €70,140 | €86,994 | +€16,854 | +24.0% |
| Amounts payable within one year | 42/48 | €70,140 | €86,994 | +€16,854 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €28,687 | €23,905 | -€4,782 | -16.7% |
| Trade debts | 44 | €24,926 | €48,342 | +€23,416 | +93.9% |
| Suppliers | 440/4 | €24,926 | €48,342 | +€23,416 | +93.9% |
| Taxes, remuneration and social security | 45 | €4,000 | €11,597 | +€7,597 | +190% |
| Taxes | 450/3 | €4,000 | €11,597 | +€7,597 | +190% |
| Other amounts payable | 47/48 | €12,527 | €3,149 | -€9,378 | -74.9% |
| Turnover | 70 | €480,851 | €463,069 | -€17,782 | -3.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €408,721 | €390,219 | -€18,502 | -4.5% |
| Remuneration, social security and pensions | 62 | €50,000 | €50,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,726 | €16,126 | +€5,400 | +50.3% |
| Other operating charges | 640/8 | €944 | €1,331 | +€387 | +41.0% |
| Gross operating margin | 9900 | €72,130 | €72,850 | +€721 | +1.0% |
| Operating profit (loss) | 9901 | €10,460 | €5,393 | -€5,066 | -48.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,118 | €952 | -€166 | -14.9% |
| Recurring financial charges | 65 | €1,118 | €952 | -€166 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €9,342 | €4,442 | -€4,900 | -52.5% |
| Income taxes | 67/77 | €1,825 | €1,292 | -€533 | -29.2% |
| Profit (loss) for the period | 9904 | €7,517 | €3,149 | -€4,367 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | €7,517 | €3,149 | -€4,367 | -58.1% |
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 13 October 2026 via checked.be.