FUR-ORE: 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.
FUR-ORE
Largest movements
- Stocks and contracts -€15,754
down €15,754 (-13.9%), from €113,385 to €97,631
- Tangible fixed assets +€7,816
up €7,816, from €0 to €7,816
- Cash +€6,838
up €6,838 (+252.9%), from €2,704 to €9,542
mainly Stocks and contracts (+€15,754) and Other debts (+€5,538)
- Receivables within one year -€4,266
down €4,266 (-54.9%), from €7,765 to €3,498
- Trade debts -€5,920
down €5,920 (-32.0%), from €18,527 to €12,608
- Other debts +€5,538
up €5,538 (+28.2%), from €19,664 to €25,203
- Current portion of long-term debt -€4,215
down €4,215 (-62.4%), from €6,751 to €2,537
- Debts after one year -€2,537
down €2,537 (-44.9%), from €5,648 to €3,112
- Tax, wage and social debts -€1,816
down €1,816 (-27.6%), from €6,581 to €4,765
of which Taxes: -€1,816
- Depreciation -€3,510
down €3,510 (-88.7%), from €3,958 to €448
- Financial charges -€1,013
down €1,013 (-21.7%), from €4,678 to €3,665
- Gross operating margin -€485
down €485 (-5.5%), from €8,790 to €8,306
- Taxes +€408
up €408 (+35.7%), from €1,143 to €1,551
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 | €125,325 | €118,954 | -€6,371 | -5.1% |
| Fixed assets | 21/28 | €1 | €7,816 | +€7,815 | +781514.0% |
| Intangible fixed assets | 21 | €1 | €0 | -€1 | -100.0% |
| Tangible fixed assets | 22/27 | €0 | €7,816 | +€7,816 | |
| Furniture and vehicles | 24 | €0 | €7,816 | +€7,816 | |
| Current assets | 29/58 | €125,324 | €111,138 | -€14,186 | -11.3% |
| Stocks and contracts in progress | 3 | €113,385 | €97,631 | -€15,754 | -13.9% |
| Stocks | 30/36 | €113,385 | €97,631 | -€15,754 | -13.9% |
| Amounts receivable within one year | 40/41 | €7,765 | €3,498 | -€4,266 | -54.9% |
| Other amounts receivable | 41 | €7,765 | €3,498 | -€4,266 | -54.9% |
| Cash at bank and in hand | 54/58 | €2,704 | €9,542 | +€6,838 | +252.9% |
| Deferred charges and accrued income | 490/1 | €1,470 | €467 | -€1,003 | -68.2% |
| Total equity and liabilities | 10/49 | €125,325 | €118,954 | -€6,371 | -5.1% |
| Equity | 10/15 | €34,895 | €36,890 | +€1,994 | +5.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,445 | €31,890 | +€445 | +1.4% |
| Distributable reserves | 133 | €31,445 | €31,890 | +€445 | +1.4% |
| Profit (loss) carried forward | 14 | -€1,550 | €0 | +€1,550 | |
| Amounts payable | 17/49 | €90,430 | €82,065 | -€8,365 | -9.3% |
| Amounts payable after more than one year | 17 | €5,648 | €3,112 | -€2,537 | -44.9% |
| Financial debts | 170/4 | €5,648 | €3,112 | -€2,537 | -44.9% |
| Amounts payable within one year | 42/48 | €84,464 | €78,953 | -€5,511 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €6,751 | €2,537 | -€4,215 | -62.4% |
| Financial debts | 43 | €32,940 | €32,931 | -€9 | 0.0% |
| Credit institutions | 430/8 | €32,940 | €32,931 | -€9 | 0.0% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €18,527 | €12,608 | -€5,920 | -32.0% |
| Suppliers | 440/4 | €18,527 | €12,608 | -€5,920 | -32.0% |
| Advances received on contracts in progress | 46 | - | €910 | +€910 | |
| Taxes, remuneration and social security | 45 | €6,581 | €4,765 | -€1,816 | -27.6% |
| Taxes | 450/3 | €4,818 | €3,002 | -€1,816 | -37.7% |
| Remuneration and social security | 454/9 | €1,763 | €1,763 | = | 0.0% |
| Other amounts payable | 47/48 | €19,664 | €25,203 | +€5,538 | +28.2% |
| Accrued charges and deferred income | 492/3 | €317 | €0 | -€317 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,958 | €448 | -€3,510 | -88.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €626 | €646 | +€20 | +3.3% |
| Non-recurring operating charges | 66A | - | €1 | +€1 | |
| Gross operating margin | 9900 | €8,790 | €8,306 | -€485 | -5.5% |
| Operating profit (loss) | 9901 | €4,207 | €7,210 | +€3,004 | +71.4% |
| Financial income | 75/76B | €65 | €0 | -€64 | -99.6% |
| Recurring financial income | 75 | €65 | €0 | -€64 | -99.6% |
| Financial charges | 65/66B | €4,678 | €3,665 | -€1,013 | -21.7% |
| Recurring financial charges | 65 | €4,678 | €3,665 | -€1,013 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | -€407 | €3,545 | +€3,952 | |
| Income taxes | 67/77 | €1,143 | €1,551 | +€408 | +35.7% |
| Profit (loss) for the period | 9904 | -€1,550 | €1,994 | +€3,544 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,550 | €1,994 | +€3,544 |
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.