FUNK: 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.
FUNK
Largest movements
- Cash +€245,301
up €245,301 (+163.3%), from €150,170 to €395,470
mainly Net result for the year (+€208,819) and Tax, wage and social debts (+€91,703)
- Tangible fixed assets -€17,680
down €17,680 (-8.6%), from €206,506 to €188,826
of which Other tangible fixed assets: -€13,574
- Reserves +€208,819
up €208,819 (+129.6%), from €161,171 to €369,990
- Tax, wage and social debts +€91,703
up €91,703 (+137.6%), from €66,635 to €158,338
of which Taxes: +€64,444
- Trade debts -€69,180
down €69,180 (-71.8%), from €96,353 to €27,174
- Gross operating margin +€138,438
up €138,438 (+26.6%), from €520,518 to €658,956
- Staff costs +€54,677
up €54,677 (+18.4%), from €296,675 to €351,352
- Taxes +€20,610
up €20,610 (+47.0%), from €43,829 to €64,439
- Depreciation +€18,506
up €18,506 (+160.6%), from €11,519 to €30,025
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €394,505 | €624,062 | +€229,557 | +58.2% |
| Fixed assets | 21/28 | €210,106 | €192,426 | -€17,680 | -8.4% |
| Tangible fixed assets | 22/27 | €206,506 | €188,826 | -€17,680 | -8.6% |
| Plant, machinery and equipment | 23 | €73,375 | €64,189 | -€9,186 | -12.5% |
| Furniture and vehicles | 24 | €2,467 | €7,547 | +€5,080 | +205.9% |
| Other tangible fixed assets | 26 | €130,663 | €117,089 | -€13,574 | -10.4% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €184,399 | €431,636 | +€247,237 | +134.1% |
| Stocks and contracts in progress | 3 | €16,988 | €22,698 | +€5,710 | +33.6% |
| Stocks | 30/36 | €16,988 | €22,698 | +€5,710 | +33.6% |
| Amounts receivable within one year | 40/41 | €13,360 | €13,069 | -€290 | -2.2% |
| Trade receivables | 40 | €2,890 | €9,213 | +€6,323 | +218.8% |
| Other amounts receivable | 41 | €10,470 | €3,856 | -€6,614 | -63.2% |
| Cash at bank and in hand | 54/58 | €150,170 | €395,470 | +€245,301 | +163.3% |
| Deferred charges and accrued income | 490/1 | €3,882 | €398 | -€3,483 | -89.7% |
| Total equity and liabilities | 10/49 | €394,505 | €624,062 | +€229,557 | +58.2% |
| Equity | 10/15 | €162,171 | €370,990 | +€208,819 | +128.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €161,171 | €369,990 | +€208,819 | +129.6% |
| Distributable reserves | 133 | €161,171 | €369,990 | +€208,819 | +129.6% |
| Amounts payable | 17/49 | €232,334 | €253,072 | +€20,738 | +8.9% |
| Amounts payable within one year | 42/48 | €230,544 | €253,072 | +€22,528 | +9.8% |
| Trade debts | 44 | €96,353 | €27,174 | -€69,180 | -71.8% |
| Suppliers | 440/4 | €96,353 | €27,174 | -€69,180 | -71.8% |
| Taxes, remuneration and social security | 45 | €66,635 | €158,338 | +€91,703 | +137.6% |
| Taxes | 450/3 | €43,824 | €108,268 | +€64,444 | +147.1% |
| Remuneration and social security | 454/9 | €22,812 | €50,070 | +€27,259 | +119.5% |
| Other amounts payable | 47/48 | €67,555 | €67,560 | +€5 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,790 | - | -€1,790 | |
| Non-recurring operating income | 76A | €83 | - | -€83 | |
| Remuneration, social security and pensions | 62 | €296,675 | €351,352 | +€54,677 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,519 | €30,025 | +€18,506 | +160.6% |
| Other operating charges | 640/8 | €1,427 | €2,560 | +€1,133 | +79.4% |
| Gross operating margin | 9900 | €520,518 | €658,956 | +€138,438 | +26.6% |
| Operating profit (loss) | 9901 | €210,897 | €275,019 | +€64,122 | +30.4% |
| Financial income | 75/76B | €160 | €289 | +€130 | +81.1% |
| Recurring financial income | 75 | €160 | €289 | +€130 | +81.1% |
| Financial charges | 65/66B | €4,339 | €2,050 | -€2,289 | -52.7% |
| Recurring financial charges | 65 | €4,339 | €2,050 | -€2,289 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €206,718 | €273,258 | +€66,540 | +32.2% |
| Income taxes | 67/77 | €43,829 | €64,439 | +€20,610 | +47.0% |
| Profit (loss) for the period | 9904 | €162,889 | €208,819 | +€45,930 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €162,889 | €208,819 | +€45,930 | +28.2% |
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 8 October 2026 via checked.be.