FUNIMA: 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.
FUNIMA
Largest movements
- Tangible fixed assets -€39,147
down €39,147 (-6.2%), from €631,096 to €591,949
of which Land and buildings: -€23,823
- Receivables within one year +€37,660
up €37,660 (+87.4%), from €43,097 to €80,756
of which Trade receivables: +€41,160
- Cash +€8,167
up €8,167 (+221%), from €3,691 to €11,858
mainly Depreciation (+€82,659) and Net result for the year (+€67,637)
- Debts after one year -€78,880
down €78,880 (-26.7%), from €295,210 to €216,330
- Reserves +€50,000
up €50,000 (+692%), from €7,222 to €57,222
of which Distributable reserves: +€50,000
- Tax, wage and social debts +€35,140
up €35,140 (+79.8%), from €44,042 to €79,181
of which Taxes: +€32,452
- Profit (loss) carried forward +€17,637
up €17,637 (+9.7%), from €181,572 to €199,208
- Other debts -€11,902
down €11,902 (-24.8%), from €47,992 to €36,090
- Staff costs +€38,226
up €38,226 (+75.2%), from €50,826 to €89,052
- Gross operating margin +€30,389
up €30,389 (+11.0%), from €277,480 to €307,869
- Write-downs +€19,599
new in 2025: €19,599
- Other operating charges -€13,110
down €13,110 (-74.7%), from €17,548 to €4,437
- Depreciation +€7,507
up €7,507 (+10.0%), from €75,153 to €82,659
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 | €693,703 | €704,500 | +€10,797 | +1.6% |
| Fixed assets | 21/28 | €631,096 | €591,949 | -€39,147 | -6.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €631,096 | €591,949 | -€39,147 | -6.2% |
| Land and buildings | 22 | €549,983 | €526,160 | -€23,823 | -4.3% |
| Plant, machinery and equipment | 23 | €5,526 | €11,280 | +€5,754 | +104% |
| Furniture and vehicles | 24 | €52,600 | €35,295 | -€17,305 | -32.9% |
| Other tangible fixed assets | 26 | €22,988 | €19,215 | -€3,773 | -16.4% |
| Current assets | 29/58 | €62,607 | €112,551 | +€49,944 | +79.8% |
| Stocks and contracts in progress | 3 | €11,806 | €10,500 | -€1,306 | -11.1% |
| Stocks | 30/36 | €11,806 | €10,500 | -€1,306 | -11.1% |
| Amounts receivable within one year | 40/41 | €43,097 | €80,756 | +€37,660 | +87.4% |
| Trade receivables | 40 | €39,570 | €80,731 | +€41,160 | +104% |
| Other amounts receivable | 41 | €3,526 | €26 | -€3,501 | -99.3% |
| Cash at bank and in hand | 54/58 | €3,691 | €11,858 | +€8,167 | +221% |
| Deferred charges and accrued income | 490/1 | €4,013 | €9,437 | +€5,424 | +135% |
| Total equity and liabilities | 10/49 | €693,703 | €704,500 | +€10,797 | +1.6% |
| Equity | 10/15 | €209,253 | €276,890 | +€67,637 | +32.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €7,222 | €57,222 | +€50,000 | +692% |
| Tax-exempt reserves | 132 | €7,222 | €7,222 | = | 0.0% |
| Distributable reserves | 133 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €181,572 | €199,208 | +€17,637 | +9.7% |
| Amounts payable | 17/49 | €484,450 | €427,611 | -€56,839 | -11.7% |
| Amounts payable after more than one year | 17 | €295,210 | €216,330 | -€78,880 | -26.7% |
| Financial debts | 170/4 | €295,210 | €216,330 | -€78,880 | -26.7% |
| Amounts payable within one year | 42/48 | €184,303 | €208,686 | +€24,384 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €76,936 | €78,880 | +€1,943 | +2.5% |
| Trade debts | 44 | €14,841 | €14,535 | -€306 | -2.1% |
| Suppliers | 440/4 | €14,841 | €14,535 | -€306 | -2.1% |
| Advances received on contracts in progress | 46 | €491 | €0 | -€491 | -100% |
| Taxes, remuneration and social security | 45 | €44,042 | €79,181 | +€35,140 | +79.8% |
| Taxes | 450/3 | €32,561 | €65,013 | +€32,452 | +99.7% |
| Remuneration and social security | 454/9 | €11,481 | €14,168 | +€2,687 | +23.4% |
| Other amounts payable | 47/48 | €47,992 | €36,090 | -€11,902 | -24.8% |
| Accrued charges and deferred income | 492/3 | €4,937 | €2,594 | -€2,343 | -47.5% |
| Remuneration, social security and pensions | 62 | €50,826 | €89,052 | +€38,226 | +75.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,153 | €82,659 | +€7,507 | +10.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €19,599 | +€19,599 | |
| Other operating charges | 640/8 | €17,548 | €4,437 | -€13,110 | -74.7% |
| Non-recurring operating charges | 66A | - | €1,770 | +€1,770 | |
| Gross operating margin | 9900 | €277,480 | €307,869 | +€30,389 | +11.0% |
| Operating profit (loss) | 9901 | €133,954 | €110,352 | -€23,602 | -17.6% |
| Financial income | 75/76B | €217 | €45 | -€172 | -79.1% |
| Recurring financial income | 75 | €217 | €45 | -€172 | -79.1% |
| Financial charges | 65/66B | €14,641 | €12,672 | -€1,970 | -13.5% |
| Recurring financial charges | 65 | €14,641 | €12,672 | -€1,970 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €119,530 | €97,726 | -€21,804 | -18.2% |
| Income taxes | 67/77 | €30,305 | €30,089 | -€216 | -0.7% |
| Profit (loss) for the period | 9904 | €89,224 | €67,637 | -€21,588 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €89,224 | €67,637 | -€21,588 | -24.2% |
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 14 October 2026 via checked.be.