FURASSUR: 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.
FURASSUR
Largest movements
- Intangible fixed assets -€69,013
down €69,013 (-35.2%), from €195,994 to €126,982
- Receivables within one year +€48,856
up €48,856 (+45.8%), from €106,648 to €155,504
of which Other amounts receivable: +€38,626
- Tangible fixed assets -€31,099
down €31,099 (-21.6%), from €143,719 to €112,620
of which Other tangible fixed assets: -€18,392
- Cash -€13,520
down €13,520 (-19.1%), from €70,635 to €57,115
mainly Contributions, distributions and other (-€200,000) and Debts after one year (-€61,842)
- Other debts +€150,000
up €150,000 (+300.0%), from €50,000 to €200,000
- Reserves -€121,236
down €121,236 (-96.7%), from €125,352 to €4,115
of which Distributable reserves: -€121,236
- Debts after one year -€61,842
down €61,842 (-43.7%), from €141,616 to €79,774
- Tax, wage and social debts -€16,037
down €16,037 (-23.4%), from €68,540 to €52,503
of which Remuneration and social security: -€9,472
- Trade debts -€10,811
down €10,811 (-23.4%), from €46,247 to €35,436
- Gross operating margin -€106,201
down €106,201 (-11.0%), from €964,821 to €858,620
- Staff costs +€33,198
up €33,198 (+5.8%), from €569,981 to €603,179
- Taxes -€30,768
down €30,768 (-42.9%), from €71,642 to €40,875
- Depreciation -€19,993
down €19,993 (-14.7%), from €135,879 to €115,886
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 | €516,996 | €452,220 | -€64,776 | -12.5% |
| Fixed assets | 21/28 | €339,713 | €239,602 | -€100,112 | -29.5% |
| Intangible fixed assets | 21 | €195,994 | €126,982 | -€69,013 | -35.2% |
| Tangible fixed assets | 22/27 | €143,719 | €112,620 | -€31,099 | -21.6% |
| Plant, machinery and equipment | 23 | €24,102 | €18,075 | -€6,027 | -25.0% |
| Furniture and vehicles | 24 | €49,991 | €43,312 | -€6,680 | -13.4% |
| Other tangible fixed assets | 26 | €69,625 | €51,233 | -€18,392 | -26.4% |
| Current assets | 29/58 | €177,283 | €212,619 | +€35,336 | +19.9% |
| Amounts receivable within one year | 40/41 | €106,648 | €155,504 | +€48,856 | +45.8% |
| Trade receivables | 40 | €97,492 | €107,723 | +€10,231 | +10.5% |
| Other amounts receivable | 41 | €9,155 | €47,781 | +€38,626 | +421.9% |
| Cash at bank and in hand | 54/58 | €70,635 | €57,115 | -€13,520 | -19.1% |
| Total equity and liabilities | 10/49 | €516,996 | €452,220 | -€64,776 | -12.5% |
| Equity | 10/15 | €143,902 | €22,665 | -€121,236 | -84.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €125,352 | €4,115 | -€121,236 | -96.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €123,497 | €2,260 | -€121,236 | -98.2% |
| Amounts payable | 17/49 | €373,094 | €429,555 | +€56,461 | +15.1% |
| Amounts payable after more than one year | 17 | €141,616 | €79,774 | -€61,842 | -43.7% |
| Financial debts | 170/4 | €141,616 | €79,774 | -€61,842 | -43.7% |
| Amounts payable within one year | 42/48 | €231,478 | €349,781 | +€118,303 | +51.1% |
| Current portion of amounts payable after more than one year | 42 | €66,692 | €61,842 | -€4,850 | -7.3% |
| Trade debts | 44 | €46,247 | €35,436 | -€10,811 | -23.4% |
| Suppliers | 440/4 | €46,247 | €35,436 | -€10,811 | -23.4% |
| Taxes, remuneration and social security | 45 | €68,540 | €52,503 | -€16,037 | -23.4% |
| Taxes | 450/3 | €6,564 | - | -€6,564 | |
| Remuneration and social security | 454/9 | €61,976 | €52,503 | -€9,472 | -15.3% |
| Other amounts payable | 47/48 | €50,000 | €200,000 | +€150,000 | +300.0% |
| Non-recurring operating income | 76A | - | €9,846 | +€9,846 | |
| Remuneration, social security and pensions | 62 | €569,981 | €603,179 | +€33,198 | +5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,879 | €115,886 | -€19,993 | -14.7% |
| Other operating charges | 640/8 | €12,092 | €12,528 | +€436 | +3.6% |
| Non-recurring operating charges | 66A | - | €805 | +€805 | |
| Gross operating margin | 9900 | €964,821 | €858,620 | -€106,201 | -11.0% |
| Operating profit (loss) | 9901 | €246,869 | €126,222 | -€120,648 | -48.9% |
| Financial income | 75/76B | €660 | €632 | -€28 | -4.3% |
| Recurring financial income | 75 | €660 | €632 | -€28 | -4.3% |
| Financial charges | 65/66B | €8,390 | €7,215 | -€1,175 | -14.0% |
| Recurring financial charges | 65 | €8,390 | €7,215 | -€1,175 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €239,139 | €119,638 | -€119,501 | -50.0% |
| Income taxes | 67/77 | €71,642 | €40,875 | -€30,768 | -42.9% |
| Profit (loss) for the period | 9904 | €167,496 | €78,764 | -€88,733 | -53.0% |
| Profit (loss) for the period to be appropriated | 9905 | €167,496 | €78,764 | -€88,733 | -53.0% |
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 10 October 2026 via checked.be.