FUNICO: 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
FUNICO
NACE 16.281, Manufacture of other wood products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€108,167
2024 · €72,551+€35,616
Equity
€3.9m
2024 · €3.7m+€108,167
Cash
€398,859
2024 · €421,138-€22,279
Balance sheet total
€13.3m
2024 · €13.2m+€59,644
Largest movements
Assets
- Financial fixed assets +€650,135
up €650,135 (+47.2%), from €1.4m to €2.0m
of which Affiliated companies: +€650,000
- Receivables within one year -€454,317
down €454,317 (-12.0%), from €3.8m to €3.3m
of which Other amounts receivable: -€563,154
- Intangible fixed assets +€254,040
up €254,040 (+173.6%), from €146,320 to €400,359
- Tangible fixed assets -€179,571
down €179,571 (-10.7%), from €1.7m to €1.5m
of which Assets under construction and advance payments: -€291,094
- Deferred charges and accrued income -€138,938
down €138,938 (-38.2%), from €363,474 to €224,536
Equity and liabilities
- Reserves +€570,408
up €570,408 (+22.9%), from €2.5m to €3.1m
of which Distributable reserves: +€565,000
- Profit (loss) carried forward -€462,241
down €462,241 (-99.1%), from €466,402 to €4,161
Income statement
- Turnover +€760,231
up €760,231 (+4.3%), from €17.6m to €18.3m
- Staff costs +€435,351
up €435,351 (+7.3%), from €6.0m to €6.4m
- Goods and materials +€334,270
up €334,270 (+4.5%), from €7.4m to €7.7m
of which Change in stocks: decrease (increase): +€218,808
- Financial income -€206,680
down €206,680 (-71.3%), from €289,933 to €83,254
of which Non-recurring financial income: -€213,000
- Depreciation +€204,045
up €204,045 (+77.8%), from €262,147 to €466,192
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
€72,551
Turnover
+€760,231
Other operating income
+€96,361
Goods and materials
-€334,270
Services and other goods
+€176,007
Staff costs
-€435,351
Depreciation
-€204,045
Write-downs
+€15,833
Other operating charges
+€13,537
Other operating items
+€209,953
Financial income
-€206,680
Financial charges
-€35,692
Taxes
-€20,269
Result 2025
€108,167
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
+€1.1m
Investment
-€1.2m
Financing
+€33,908
Cash 2024
€421,138
From operations (derived)
+€1.1m
Net result for the year
+€108,167
Depreciation
+€466,192
Stocks and contracts
+€49,425
Receivables within one year
+€454,317
Deferred charges and accrued income
+€138,938
Trade debts
+€129,750
Tax, wage and social debts
-€103,484
Other debts
-€108,656
Accrued charges and deferred income
-€42
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
+€33,908
Debts after one year
-€62,584
Current portion of long-term debt
+€96,492
Cash 2025
€398,859
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,206,588 | €13,266,232 | +€59,644 | +0.5% |
| Fixed assets | 21/28 | €3,209,154 | €3,933,758 | +€724,603 | +22.6% |
| Intangible fixed assets | 21 | €146,320 | €400,359 | +€254,040 | +173.6% |
| Tangible fixed assets | 22/27 | €1,685,820 | €1,506,249 | -€179,571 | -10.7% |
| Land and buildings | 22 | €720,104 | €695,615 | -€24,489 | -3.4% |
| Plant, machinery and equipment | 23 | €359,552 | €371,797 | +€12,246 | +3.4% |
| Furniture and vehicles | 24 | €137,476 | €105,673 | -€31,803 | -23.1% |
| Leasing and similar rights | 25 | €166,136 | €318,625 | +€152,488 | +91.8% |
| Other tangible fixed assets | 26 | €11,459 | €14,539 | +€3,080 | +26.9% |
| Assets under construction and advance payments | 27 | €291,094 | €0 | -€291,094 | -100.0% |
| Financial fixed assets | 28 | €1,377,014 | €2,027,149 | +€650,135 | +47.2% |
| Affiliated companies | 280/1 | €1,371,802 | €2,021,802 | +€650,000 | +47.4% |
| Participating interests | 280 | €700,002 | €700,002 | = | 0.0% |
| Amounts receivable | 281 | €671,800 | €1,321,800 | +€650,000 | +96.8% |
| Other financial fixed assets | 284/8 | €5,212 | €5,347 | +€135 | +2.6% |
| Amounts receivable and cash guarantees | 285/8 | €5,212 | €5,347 | +€135 | +2.6% |
| Current assets | 29/58 | €9,997,434 | €9,332,475 | -€664,959 | -6.7% |
| Stocks and contracts in progress | 3 | €3,943,790 | €3,894,365 | -€49,425 | -1.3% |
| Stocks | 30/36 | €3,943,790 | €3,894,365 | -€49,425 | -1.3% |
| Raw materials and consumables | 30/31 | €1,190,653 | €1,007,837 | -€182,816 | -15.4% |
| Work in progress | 32 | €1,617,878 | €1,776,827 | +€158,949 | +9.8% |
| Finished goods | 33 | €448,587 | €405,314 | -€43,274 | -9.6% |
| Goods purchased for resale | 34 | €686,671 | €704,386 | +€17,715 | +2.6% |
| Amounts receivable within one year | 40/41 | €3,799,032 | €3,344,715 | -€454,317 | -12.0% |
| Trade receivables | 40 | €1,614,010 | €1,722,847 | +€108,837 | +6.7% |
| Other amounts receivable | 41 | €2,185,022 | €1,621,868 | -€563,154 | -25.8% |
| Current investments | 50/53 | €1,470,000 | €1,470,000 | = | 0.0% |
| Own shares | 50 | €1,470,000 | €1,470,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €421,138 | €398,859 | -€22,279 | -5.3% |
| Deferred charges and accrued income | 490/1 | €363,474 | €224,536 | -€138,938 | -38.2% |
| Total equity and liabilities | 10/49 | €13,206,588 | €13,266,232 | +€59,644 | +0.5% |
| Equity | 10/15 | €3,743,738 | €3,851,905 | +€108,167 | +2.9% |
| Contributions | 10/11 | €745,000 | €745,000 | = | 0.0% |
| Capital | 10 | €745,000 | €745,000 | = | 0.0% |
| Issued capital | 100 | €745,000 | €745,000 | = | 0.0% |
| Revaluation surpluses | 12 | €44,239 | €44,239 | = | 0.0% |
| Reserves | 13 | €2,488,096 | €3,058,505 | +€570,408 | +22.9% |
| Non-distributable reserves | 130/1 | €1,510,197 | €1,515,606 | +€5,408 | +0.4% |
| Legal reserve | 130 | €40,197 | €45,606 | +€5,408 | +13.5% |
| Own shares acquired | 1312 | €1,470,000 | €1,470,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €42,899 | €42,899 | = | 0.0% |
| Distributable reserves | 133 | €935,000 | €1,500,000 | +€565,000 | +60.4% |
| Profit (loss) carried forward | 14 | €466,402 | €4,161 | -€462,241 | -99.1% |
| Amounts payable | 17/49 | €9,462,851 | €9,414,327 | -€48,523 | -0.5% |
| Amounts payable after more than one year | 17 | €3,600,124 | €3,537,540 | -€62,584 | -1.7% |
| Financial debts | 170/4 | €3,600,124 | €3,537,540 | -€62,584 | -1.7% |
| Leasing and similar obligations | 172 | €199,640 | €287,540 | +€87,900 | +44.0% |
| Credit institutions | 173 | €3,400,484 | €3,000,000 | -€400,484 | -11.8% |
| Other loans | 174 | - | €250,000 | +€250,000 | |
| Amounts payable within one year | 42/48 | €5,862,685 | €5,876,787 | +€14,102 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €900,742 | €997,234 | +€96,492 | +10.7% |
| Financial debts | 43 | €1,500,000 | €1,500,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,500,000 | €1,500,000 | = | 0.0% |
| Trade debts | 44 | €2,183,974 | €2,313,725 | +€129,750 | +5.9% |
| Suppliers | 440/4 | €2,183,974 | €2,313,725 | +€129,750 | +5.9% |
| Taxes, remuneration and social security | 45 | €1,169,275 | €1,065,792 | -€103,484 | -8.9% |
| Taxes | 450/3 | €330,246 | €63,602 | -€266,643 | -80.7% |
| Remuneration and social security | 454/9 | €839,030 | €1,002,189 | +€163,160 | +19.4% |
| Other amounts payable | 47/48 | €108,693 | €37 | -€108,656 | -100.0% |
| Accrued charges and deferred income | 492/3 | €42 | €0 | -€42 | -100.0% |
| Operating income | 70/76A | €18,120,698 | €19,131,142 | +€1.0m | +5.6% |
| Turnover | 70 | €17,572,180 | €18,332,411 | +€760,231 | +4.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€49,221 | €115,675 | +€164,896 | |
| Own construction capitalised | 72 | €109,950 | €98,905 | -€11,045 | -10.0% |
| Other operating income | 74 | €487,788 | €584,150 | +€96,361 | +19.8% |
| Operating charges | 60/66A | €18,018,110 | €18,730,297 | +€712,187 | +4.0% |
| Goods for resale, raw materials and consumables | 60 | €7,407,266 | €7,741,536 | +€334,270 | +4.5% |
| Purchases | 600/8 | €7,460,973 | €7,576,435 | +€115,462 | +1.5% |
| Change in stocks: decrease (increase) | 609 | -€53,707 | €165,101 | +€218,808 | |
| Services and other goods | 61 | €4,224,999 | €4,048,992 | -€176,007 | -4.2% |
| Remuneration, social security and pensions | 62 | €5,989,108 | €6,424,459 | +€435,351 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262,147 | €466,192 | +€204,045 | +77.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€13,679 | -€29,512 | -€15,833 | -115.7% |
| Other operating charges | 640/8 | €89,243 | €75,706 | -€13,537 | -15.2% |
| Non-recurring operating charges | 66A | €59,027 | €2,925 | -€56,103 | -95.0% |
| Operating profit (loss) | 9901 | €102,587 | €400,844 | +€298,257 | +290.7% |
| Financial income | 75/76B | €289,933 | €83,254 | -€206,680 | -71.3% |
| Recurring financial income | 75 | €76,933 | €83,254 | +€6,320 | +8.2% |
| Income from financial fixed assets | 750 | €62,024 | €49,436 | -€12,588 | -20.3% |
| Other financial income | 752/9 | €14,910 | €33,818 | +€18,908 | +126.8% |
| Non-recurring financial income | 76B | €213,000 | €0 | -€213,000 | -100.0% |
| Financial charges | 65/66B | €263,038 | €298,730 | +€35,692 | +13.6% |
| Recurring financial charges | 65 | €263,038 | €298,730 | +€35,692 | +13.6% |
| Debt charges | 650 | €158,326 | €182,972 | +€24,646 | +15.6% |
| Other financial charges | 652/9 | €104,713 | €115,759 | +€11,046 | +10.5% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €129,482 | €185,367 | +€55,885 | +43.2% |
| Income taxes | 67/77 | €56,931 | €77,200 | +€20,269 | +35.6% |
| Taxes | 670/3 | €56,986 | €77,200 | +€20,214 | +35.5% |
| Tax adjustments and reversals of tax provisions | 77 | €55 | €0 | -€55 | -100.0% |
| Profit (loss) for the period | 9904 | €72,551 | €108,167 | +€35,616 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,551 | €108,167 | +€35,616 | +49.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.