FUNPUCCI: 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.
FUNPUCCI
Largest movements
- Receivables within one year -€59,065
down €59,065 (-44.0%), from €134,233 to €75,168
of which Trade receivables: -€64,082
- Cash -€42,233
down €42,233 (-23.4%), from €180,183 to €137,950
mainly Trade debts (-€80,517) and Contributions, distributions and other (-€50,000)
- Deferred charges and accrued income +€18,478
up €18,478 (+188.8%), from €9,786 to €28,264
- Tangible fixed assets -€11,547
down €11,547 (-3.6%), from €317,030 to €305,483
of which Furniture and vehicles: -€12,187
- Trade debts -€80,517
down €80,517 (-82.8%), from €97,236 to €16,719
- Debts after one year -€24,077
down €24,077 (-18.7%), from €128,441 to €104,364
- Reserves -€20,000
down €20,000 (-8.1%), from €246,860 to €226,860
of which Distributable reserves: -€20,000
- Advances received +€18,833
new in 2025: €18,833
- Profit (loss) carried forward +€11,602
up €11,602 (+6.9%), from €168,149 to €179,751
- Turnover +€109,801
up €109,801 (+11.9%), from €921,594 to €1.0m
- Staff costs +€107,143
up €107,143 (+40.5%), from €264,506 to €371,649
- Purchases and services +€78,460
up €78,460 (+15.3%), from €514,440 to €592,901
- Gross operating margin +€50,594
up €50,594 (+11.3%), from €448,669 to €499,262
- Taxes -€21,528
down €21,528 (-75.6%), from €28,478 to €6,950
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 | €701,574 | €607,219 | -€94,355 | -13.4% |
| Fixed assets | 21/28 | €317,370 | €305,823 | -€11,547 | -3.6% |
| Tangible fixed assets | 22/27 | €317,030 | €305,483 | -€11,547 | -3.6% |
| Plant, machinery and equipment | 23 | €25,541 | €20,743 | -€4,798 | -18.8% |
| Furniture and vehicles | 24 | €45,986 | €33,799 | -€12,187 | -26.5% |
| Other tangible fixed assets | 26 | €245,503 | €250,941 | +€5,438 | +2.2% |
| Financial fixed assets | 28 | €340 | €340 | = | 0.0% |
| Current assets | 29/58 | €384,204 | €301,396 | -€82,808 | -21.6% |
| Stocks and contracts in progress | 3 | €10,002 | €10,014 | +€13 | +0.1% |
| Stocks | 30/36 | €10,002 | €10,014 | +€13 | +0.1% |
| Amounts receivable within one year | 40/41 | €134,233 | €75,168 | -€59,065 | -44.0% |
| Trade receivables | 40 | €64,323 | €241 | -€64,082 | -99.6% |
| Other amounts receivable | 41 | €69,910 | €74,927 | +€5,016 | +7.2% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €180,183 | €137,950 | -€42,233 | -23.4% |
| Deferred charges and accrued income | 490/1 | €9,786 | €28,264 | +€18,478 | +188.8% |
| Total equity and liabilities | 10/49 | €701,574 | €607,219 | -€94,355 | -13.4% |
| Equity | 10/15 | €421,209 | €412,811 | -€8,398 | -2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €246,860 | €226,860 | -€20,000 | -8.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €245,000 | €225,000 | -€20,000 | -8.2% |
| Profit (loss) carried forward | 14 | €168,149 | €179,751 | +€11,602 | +6.9% |
| Amounts payable | 17/49 | €280,365 | €194,408 | -€85,957 | -30.7% |
| Amounts payable after more than one year | 17 | €128,441 | €104,364 | -€24,077 | -18.7% |
| Financial debts | 170/4 | €128,441 | €104,364 | -€24,077 | -18.7% |
| Amounts payable within one year | 42/48 | €149,054 | €82,136 | -€66,918 | -44.9% |
| Current portion of amounts payable after more than one year | 42 | €23,196 | €24,077 | +€881 | +3.8% |
| Trade debts | 44 | €97,236 | €16,719 | -€80,517 | -82.8% |
| Suppliers | 440/4 | €97,236 | €16,719 | -€80,517 | -82.8% |
| Advances received on contracts in progress | 46 | - | €18,833 | +€18,833 | |
| Taxes, remuneration and social security | 45 | €28,623 | €21,748 | -€6,874 | -24.0% |
| Taxes | 450/3 | €15,747 | €4,128 | -€11,620 | -73.8% |
| Remuneration and social security | 454/9 | €12,875 | €17,621 | +€4,745 | +36.9% |
| Other amounts payable | 47/48 | - | €759 | +€759 | |
| Accrued charges and deferred income | 492/3 | €2,869 | €7,907 | +€5,038 | +175.6% |
| Turnover | 70 | €921,594 | €1,031,396 | +€109,801 | +11.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €514,440 | €592,901 | +€78,460 | +15.3% |
| Remuneration, social security and pensions | 62 | €264,506 | €371,649 | +€107,143 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,781 | €61,453 | +€11,672 | +23.4% |
| Other operating charges | 640/8 | €12,210 | €4,785 | -€7,426 | -60.8% |
| Non-recurring operating charges | 66A | €144 | €50 | -€94 | -65.3% |
| Gross operating margin | 9900 | €448,669 | €499,262 | +€50,594 | +11.3% |
| Operating profit (loss) | 9901 | €122,027 | €61,326 | -€60,702 | -49.7% |
| Financial income | 75/76B | €1,018 | €657 | -€361 | -35.4% |
| Recurring financial income | 75 | €1,018 | €657 | -€361 | -35.4% |
| Financial charges | 65/66B | €12,765 | €13,431 | +€666 | +5.2% |
| Recurring financial charges | 65 | €12,765 | €13,431 | +€666 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €110,280 | €48,552 | -€61,729 | -56.0% |
| Income taxes | 67/77 | €28,478 | €6,950 | -€21,528 | -75.6% |
| Profit (loss) for the period | 9904 | €81,803 | €41,602 | -€40,200 | -49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,803 | €41,602 | -€40,200 | -49.1% |
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 12 October 2026 via checked.be.