FunQ: 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.
What changed
FunQ
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€47,011
2024 · €20,106+€26,906
Equity
€256,742
2024 · €209,731+€47,011
Cash
€142,162
2024 · €79,423+€62,738
Balance sheet total
€2.0m
2024 · €1.7m+€374,830
Largest movements
Assets
- Receivables after one year +€192,341
up €192,341 (+37.6%), from €511,240 to €703,581
- Tangible fixed assets +€115,038
up €115,038 (+12.1%), from €949,122 to €1.1m
of which Land and buildings: +€120,591
- Cash +€62,738
up €62,738 (+79.0%), from €79,423 to €142,162
mainly Debts after one year (+€270,197) and Depreciation (+€114,969)
Equity and liabilities
- Debts after one year +€270,197
up €270,197 (+20.9%), from €1.3m to €1.6m
- Reserves +€47,011
up €47,011 (+24.6%), from €191,131 to €238,142
of which Distributable reserves: +€31,370
- Current portion of long-term debt +€25,654
up €25,654 (+25.1%), from €102,180 to €127,833
Income statement
- Gross operating margin +€55,005
up €55,005 (+36.5%), from €150,624 to €205,629
- Financial charges +€12,189
up €12,189 (+48.6%), from €25,073 to €37,262
- Depreciation +€10,187
up €10,187 (+9.7%), from €104,782 to €114,969
- Financial income +€6,081
up €6,081 (+42.5%), from €14,308 to €20,389
- Taxes +€4,775
up €4,775 (+61.5%), from €7,769 to €12,544
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.
Result 2024
€20,106
Gross operating margin
+€55,005
Depreciation
-€10,187
Other operating charges
-€780
Financial income
+€6,081
Financial charges
-€12,189
Taxes
-€4,775
Deferred taxes and other
-€6,250
Result 2025
€47,011
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.
From operations
-€2,880
Investment
-€230,232
Financing
+€295,851
Cash 2024
€79,423
From operations (derived)
-€2,880
Net result for the year
+€47,011
Depreciation
+€114,969
Receivables after one year
-€192,341
Receivables within one year
-€9,863
Deferred charges and accrued income
+€5,376
Provisions
+€3,899
Trade debts
+€19,137
Tax, wage and social debts
+€19,781
Advances received
-€1,044
Other debts
-€2,217
Accrued charges and deferred income
-€7,587
Investment (derived)
-€230,232
Investment in fixed assets (net)
-€230,232
Financing
+€295,851
Debts after one year
+€270,197
Current portion of long-term debt
+€25,654
Cash 2025
€142,162
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,664,000 | €2,038,830 | +€374,830 | +22.5% |
| Fixed assets | 21/28 | €949,122 | €1,064,385 | +€115,263 | +12.1% |
| Tangible fixed assets | 22/27 | €949,122 | €1,064,160 | +€115,038 | +12.1% |
| Land and buildings | 22 | €898,374 | €1,018,965 | +€120,591 | +13.4% |
| Plant, machinery and equipment | 23 | €29,163 | €19,330 | -€9,833 | -33.7% |
| Furniture and vehicles | 24 | €21,585 | €22,707 | +€1,122 | +5.2% |
| Other tangible fixed assets | 26 | - | €3,158 | +€3,158 | |
| Financial fixed assets | 28 | - | €225 | +€225 | |
| Current assets | 29/58 | €714,878 | €974,445 | +€259,566 | +36.3% |
| Amounts receivable after more than one year | 29 | €511,240 | €703,581 | +€192,341 | +37.6% |
| Other amounts receivable | 291 | €511,240 | €703,581 | +€192,341 | +37.6% |
| Amounts receivable within one year | 40/41 | €57,763 | €67,626 | +€9,863 | +17.1% |
| Trade receivables | 40 | €10,007 | €1,770 | -€8,237 | -82.3% |
| Other amounts receivable | 41 | €47,756 | €65,856 | +€18,100 | +37.9% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €79,423 | €142,162 | +€62,738 | +79.0% |
| Deferred charges and accrued income | 490/1 | €16,452 | €11,076 | -€5,376 | -32.7% |
| Total equity and liabilities | 10/49 | €1,664,000 | €2,038,830 | +€374,830 | +22.5% |
| Equity | 10/15 | €209,731 | €256,742 | +€47,011 | +22.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €191,131 | €238,142 | +€47,011 | +24.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,202 | €41,844 | +€15,641 | +59.7% |
| Distributable reserves | 133 | €163,069 | €194,439 | +€31,370 | +19.2% |
| Provisions and deferred taxes | 16 | €6,715 | €10,614 | +€3,899 | +58.1% |
| Deferred taxes | 168 | €6,715 | €10,614 | +€3,899 | +58.1% |
| Amounts payable | 17/49 | €1,447,554 | €1,771,474 | +€323,920 | +22.4% |
| Amounts payable after more than one year | 17 | €1,295,118 | €1,565,315 | +€270,197 | +20.9% |
| Financial debts | 170/4 | €1,295,118 | €1,565,315 | +€270,197 | +20.9% |
| Amounts payable within one year | 42/48 | €144,850 | €206,159 | +€61,310 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €102,180 | €127,833 | +€25,654 | +25.1% |
| Trade debts | 44 | €15,451 | €34,587 | +€19,137 | +123.9% |
| Suppliers | 440/4 | €15,451 | €34,587 | +€19,137 | +123.9% |
| Advances received on contracts in progress | 46 | €1,044 | €0 | -€1,044 | -100.0% |
| Taxes, remuneration and social security | 45 | €23,448 | €43,229 | +€19,781 | +84.4% |
| Taxes | 450/3 | €23,448 | €43,229 | +€19,781 | +84.4% |
| Other amounts payable | 47/48 | €2,727 | €510 | -€2,217 | -81.3% |
| Accrued charges and deferred income | 492/3 | €7,587 | €0 | -€7,587 | -100.0% |
| Non-recurring operating income | 76A | - | €26,141 | +€26,141 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,782 | €114,969 | +€10,187 | +9.7% |
| Other operating charges | 640/8 | €9,553 | €10,334 | +€780 | +8.2% |
| Gross operating margin | 9900 | €150,624 | €205,629 | +€55,005 | +36.5% |
| Operating profit (loss) | 9901 | €36,288 | €80,326 | +€44,038 | +121.4% |
| Financial income | 75/76B | €14,308 | €20,389 | +€6,081 | +42.5% |
| Recurring financial income | 75 | €14,308 | €20,389 | +€6,081 | +42.5% |
| Financial charges | 65/66B | €25,073 | €37,262 | +€12,189 | +48.6% |
| Recurring financial charges | 65 | €25,073 | €37,262 | +€12,189 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | €25,523 | €63,454 | +€37,930 | +148.6% |
| Transfer from deferred taxes | 780 | €2,351 | €541 | -€1,810 | -77.0% |
| Transfer to deferred taxes | 680 | - | €4,439 | +€4,439 | |
| Income taxes | 67/77 | €7,769 | €12,544 | +€4,775 | +61.5% |
| Profit (loss) for the period | 9904 | €20,106 | €47,011 | +€26,906 | +133.8% |
| Transfer from tax-exempt reserves | 789 | - | €2,116 | +€2,116 | |
| Transfer to tax-exempt reserves | 689 | - | €17,758 | +€17,758 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,106 | €31,370 | +€11,265 | +56.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.