FUNKEY: 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.
FUNKEY
Largest movements
- Receivables within one year +€170,450
up €170,450 (+33.7%), from €505,247 to €675,697
of which Other amounts receivable: +€95,937
- Intangible fixed assets +€100,572
up €100,572 (+22.9%), from €438,611 to €539,183
- Deferred charges and accrued income +€45,676
up €45,676 (+129.0%), from €35,395 to €81,070
- Cash -€20,065
down €20,065 (-5.7%), from €352,827 to €332,763
mainly Net result for the year (-€594,207) and Investment in fixed assets (net) (-€263,857)
- Profit (loss) carried forward -€594,207
down €594,207 (-39.9%), from -€1.5m to -€2.1m
- Contributions +€306,634
up €306,634 (+21.8%), from €1.4m to €1.7m
- Short-term financial debts +€250,398
up €250,398 (+1650.7%), from €15,169 to €265,567
- Debts after one year -€163,020
down €163,020 (-38.9%), from €419,174 to €256,154
- Current portion of long-term debt +€162,476
up €162,476 (+107.9%), from €150,544 to €313,020
- Gross operating margin +€253,190
up €253,190 (+55.2%), from €458,631 to €711,821
- Staff costs +€168,358
up €168,358 (+18.1%), from €930,017 to €1.1m
- Depreciation +€47,856
up €47,856 (+41.8%), from €114,567 to €162,423
- Other operating charges -€17,731
down €17,731 (-82.3%), from €21,557 to €3,826
- Financial charges +€12,305
up €12,305 (+44.1%), from €27,875 to €40,179
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 | €1,361,418 | €1,658,913 | +€297,495 | +21.9% |
| Formation expenses | 20 | €23,217 | €27,755 | +€4,538 | +19.5% |
| Fixed assets | 21/28 | €444,732 | €541,628 | +€96,896 | +21.8% |
| Intangible fixed assets | 21 | €438,611 | €539,183 | +€100,572 | +22.9% |
| Tangible fixed assets | 22/27 | €5,983 | €2,307 | -€3,676 | -61.4% |
| Plant, machinery and equipment | 23 | €2,264 | €783 | -€1,481 | -65.4% |
| Furniture and vehicles | 24 | €3,719 | €1,524 | -€2,195 | -59.0% |
| Financial fixed assets | 28 | €138 | €138 | = | 0.0% |
| Current assets | 29/58 | €893,469 | €1,089,530 | +€196,061 | +21.9% |
| Amounts receivable within one year | 40/41 | €505,247 | €675,697 | +€170,450 | +33.7% |
| Trade receivables | 40 | €461,786 | €536,299 | +€74,513 | +16.1% |
| Other amounts receivable | 41 | €43,461 | €139,398 | +€95,937 | +220.7% |
| Cash at bank and in hand | 54/58 | €352,827 | €332,763 | -€20,065 | -5.7% |
| Deferred charges and accrued income | 490/1 | €35,395 | €81,070 | +€45,676 | +129.0% |
| Total equity and liabilities | 10/49 | €1,361,418 | €1,658,913 | +€297,495 | +21.9% |
| Equity | 10/15 | €4,568 | -€283,005 | -€287,573 | |
| Contributions | 10/11 | €1,406,503 | €1,713,137 | +€306,634 | +21.8% |
| Reserves | 13 | €86,473 | €86,473 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €0 | -€50 | -100.0% |
| Reserves not available under the articles | 1311 | €50 | €0 | -€50 | -100.0% |
| Distributable reserves | 133 | €86,423 | €86,473 | +€50 | +0.1% |
| Profit (loss) carried forward | 14 | -€1,488,408 | -€2,082,615 | -€594,207 | -39.9% |
| Amounts payable | 17/49 | €1,356,850 | €1,941,918 | +€585,068 | +43.1% |
| Amounts payable after more than one year | 17 | €419,174 | €256,154 | -€163,020 | -38.9% |
| Financial debts | 170/4 | €419,174 | €256,154 | -€163,020 | -38.9% |
| Amounts payable within one year | 42/48 | €827,303 | €1,444,891 | +€617,588 | +74.7% |
| Current portion of amounts payable after more than one year | 42 | €150,544 | €313,020 | +€162,476 | +107.9% |
| Financial debts | 43 | €15,169 | €265,567 | +€250,398 | +1650.7% |
| Credit institutions | 430/8 | €15,169 | €265,567 | +€250,398 | +1650.7% |
| Trade debts | 44 | €494,863 | €596,836 | +€101,974 | +20.6% |
| Suppliers | 440/4 | €494,863 | €596,836 | +€101,974 | +20.6% |
| Advances received on contracts in progress | 46 | €37,627 | €70,577 | +€32,950 | +87.6% |
| Taxes, remuneration and social security | 45 | €126,562 | €190,225 | +€63,664 | +50.3% |
| Taxes | 450/3 | €25,636 | €64,516 | +€38,881 | +151.7% |
| Remuneration and social security | 454/9 | €100,926 | €125,709 | +€24,783 | +24.6% |
| Other amounts payable | 47/48 | €2,538 | €8,664 | +€6,126 | +241.3% |
| Accrued charges and deferred income | 492/3 | €110,373 | €240,874 | +€130,501 | +118.2% |
| Non-recurring operating income | 76A | €75,717 | €3,641 | -€72,076 | -95.2% |
| Remuneration, social security and pensions | 62 | €930,017 | €1,098,376 | +€168,358 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,567 | €162,423 | +€47,856 | +41.8% |
| Other operating charges | 640/8 | €21,557 | €3,826 | -€17,731 | -82.3% |
| Non-recurring operating charges | 66A | €21,773 | €1,653 | -€20,120 | -92.4% |
| Gross operating margin | 9900 | €458,631 | €711,821 | +€253,190 | +55.2% |
| Operating profit (loss) | 9901 | -€629,283 | -€554,457 | +€74,827 | +11.9% |
| Financial income | 75/76B | €1,350 | €1,656 | +€306 | +22.7% |
| Recurring financial income | 75 | €1,350 | €1,656 | +€306 | +22.7% |
| Financial charges | 65/66B | €27,875 | €40,179 | +€12,305 | +44.1% |
| Recurring financial charges | 65 | €27,875 | €40,179 | +€12,305 | +44.1% |
| Profit (loss) for the period before taxes | 9903 | -€655,809 | -€592,981 | +€62,828 | +9.6% |
| Income taxes | 67/77 | €1,021 | €1,226 | +€205 | +20.1% |
| Profit (loss) for the period | 9904 | -€656,830 | -€594,207 | +€62,623 | +9.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€656,830 | -€594,207 | +€62,623 | +9.5% |
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 29 September 2026 via checked.be.