FUNPRACO: 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.
FUNPRACO
Largest movements
- Current investments -€466,617
down €466,617 (-44.9%), from €1.0m to €571,661
- Receivables within one year +€80,138
up €80,138 (+96.4%), from €83,117 to €163,256
of which Other amounts receivable: +€82,028
- Cash -€70,549
down €70,549 (-84.4%), from €83,570 to €13,021
mainly Other debts (-€598,272) and Receivables within one year (-€80,138)
- Tangible fixed assets -€15,842
down €15,842 (-10.8%), from €147,208 to €131,366
of which Furniture and vehicles: -€13,510
- Other debts -€598,272
down €598,272 (-97.6%), from €613,272 to €15,000
- Reserves +€117,610
up €117,610 (+18.3%), from €643,698 to €761,308
of which Distributable reserves: +€117,610
- Gross operating margin +€21,645
up €21,645 (+17.3%), from €125,363 to €147,007
- Financial income +€14,908
up €14,908 (+63.8%), from €23,369 to €38,276
- Other operating charges +€8,210
up €8,210 (+874.6%), from €939 to €9,148
- Taxes +€4,725
up €4,725 (+13.8%), from €34,298 to €39,023
- Financial charges +€2,946
up €2,946 (+412.2%), from €715 to €3,661
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 | €1,352,353 | €879,304 | -€473,049 | -35.0% |
| Fixed assets | 21/28 | €147,388 | €131,366 | -€16,022 | -10.9% |
| Tangible fixed assets | 22/27 | €147,208 | €131,366 | -€15,842 | -10.8% |
| Land and buildings | 22 | €91,532 | €91,318 | -€214 | -0.2% |
| Plant, machinery and equipment | 23 | €1,021 | €588 | -€433 | -42.4% |
| Furniture and vehicles | 24 | €49,985 | €36,474 | -€13,510 | -27.0% |
| Other tangible fixed assets | 26 | €4,670 | €2,985 | -€1,685 | -36.1% |
| Financial fixed assets | 28 | €180 | €0 | -€180 | -100.0% |
| Current assets | 29/58 | €1,204,965 | €747,938 | -€457,027 | -37.9% |
| Amounts receivable within one year | 40/41 | €83,117 | €163,256 | +€80,138 | +96.4% |
| Trade receivables | 40 | €38,190 | €36,300 | -€1,890 | -4.9% |
| Other amounts receivable | 41 | €44,927 | €126,956 | +€82,028 | +182.6% |
| Current investments | 50/53 | €1,038,278 | €571,661 | -€466,617 | -44.9% |
| Cash at bank and in hand | 54/58 | €83,570 | €13,021 | -€70,549 | -84.4% |
| Total equity and liabilities | 10/49 | €1,352,353 | €879,304 | -€473,049 | -35.0% |
| Equity | 10/15 | €662,298 | €779,908 | +€117,610 | +17.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €643,698 | €761,308 | +€117,610 | +18.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €643,698 | €761,308 | +€117,610 | +18.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €67,643 | €67,643 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €67,643 | €67,643 | = | 0.0% |
| Pensions and similar obligations | 160 | €67,643 | €67,643 | = | 0.0% |
| Amounts payable | 17/49 | €622,413 | €31,753 | -€590,659 | -94.9% |
| Amounts payable within one year | 42/48 | €622,413 | €31,753 | -€590,659 | -94.9% |
| Trade debts | 44 | €9,140 | €4,468 | -€4,673 | -51.1% |
| Suppliers | 440/4 | €9,140 | €4,468 | -€4,673 | -51.1% |
| Taxes, remuneration and social security | 45 | €0 | €12,286 | +€12,286 | |
| Taxes | 450/3 | €0 | €12,286 | +€12,286 | |
| Other amounts payable | 47/48 | €613,272 | €15,000 | -€598,272 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,553 | €15,842 | +€289 | +1.9% |
| Other operating charges | 640/8 | €939 | €9,148 | +€8,210 | +874.6% |
| Gross operating margin | 9900 | €125,363 | €147,007 | +€21,645 | +17.3% |
| Operating profit (loss) | 9901 | €108,871 | €122,017 | +€13,146 | +12.1% |
| Financial income | 75/76B | €23,369 | €38,276 | +€14,908 | +63.8% |
| Recurring financial income | 75 | €23,369 | €38,276 | +€14,908 | +63.8% |
| Financial charges | 65/66B | €715 | €3,661 | +€2,946 | +412.2% |
| Recurring financial charges | 65 | €715 | €3,661 | +€2,946 | +412.2% |
| Profit (loss) for the period before taxes | 9903 | €131,525 | €156,633 | +€25,107 | +19.1% |
| Income taxes | 67/77 | €34,298 | €39,023 | +€4,725 | +13.8% |
| Profit (loss) for the period | 9904 | €97,227 | €117,610 | +€20,383 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €97,227 | €117,610 | +€20,383 | +21.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.