FURKAN MANAGEMENT: 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.
FURKAN MANAGEMENT
Largest movements
- Tangible fixed assets +€80,988
up €80,988 (+8.4%), from €962,965 to €1.0m
of which Furniture and vehicles: +€111,461
- Trade debts +€39,921
up €39,921 (+62.8%), from €63,568 to €103,489
- Current portion of long-term debt +€37,962
up €37,962 (+89.1%), from €42,618 to €80,580
- Debts after one year +€16,124
up €16,124 (+2.0%), from €810,800 to €826,923
- Depreciation +€32,142
up €32,142 (+89.7%), from €35,813 to €67,955
- Gross operating margin +€21,803
up €21,803 (+19.2%), from €113,422 to €135,224
- Financial charges +€21,584
up €21,584 (+111%), from €19,385 to €40,970
- Staff costs +€3,917
new in 2025: €3,917
- Other operating charges -€2,430
down €2,430 (-48.6%), from €4,994 to €2,565
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.
Derived cash bridge
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 | €1,033,691 | €1,132,547 | +€98,856 | +9.6% |
| Fixed assets | 21/28 | €962,965 | €1,043,953 | +€80,988 | +8.4% |
| Tangible fixed assets | 22/27 | €962,965 | €1,043,953 | +€80,988 | +8.4% |
| Land and buildings | 22 | €931,970 | €901,496 | -€30,473 | -3.3% |
| Furniture and vehicles | 24 | €30,995 | €142,457 | +€111,461 | +360% |
| Current assets | 29/58 | €70,726 | €88,594 | +€17,868 | +25.3% |
| Amounts receivable within one year | 40/41 | €65,155 | €75,410 | +€10,255 | +15.7% |
| Trade receivables | 40 | €65,130 | €52,051 | -€13,079 | -20.1% |
| Other amounts receivable | 41 | €25 | €23,359 | +€23,334 | +94,164% |
| Cash at bank and in hand | 54/58 | €5,336 | €12,592 | +€7,256 | +136% |
| Deferred charges and accrued income | 490/1 | €236 | €592 | +€356 | +151% |
| Total equity and liabilities | 10/49 | €1,033,691 | €1,132,547 | +€98,856 | +9.6% |
| Equity | 10/15 | €43,583 | €51,367 | +€7,783 | +17.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,583 | €50,367 | +€7,783 | +18.3% |
| Amounts payable | 17/49 | €990,108 | €1,081,180 | +€91,073 | +9.2% |
| Amounts payable after more than one year | 17 | €810,800 | €826,923 | +€16,124 | +2.0% |
| Financial debts | 170/4 | €810,800 | €826,923 | +€16,124 | +2.0% |
| Amounts payable within one year | 42/48 | €179,308 | €254,257 | +€74,949 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | €42,618 | €80,580 | +€37,962 | +89.1% |
| Trade debts | 44 | €63,568 | €103,489 | +€39,921 | +62.8% |
| Suppliers | 440/4 | €63,568 | €103,489 | +€39,921 | +62.8% |
| Taxes, remuneration and social security | 45 | €37,357 | €34,423 | -€2,934 | -7.9% |
| Taxes | 450/3 | €17,297 | €18,411 | +€1,115 | +6.4% |
| Remuneration and social security | 454/9 | €20,060 | €16,012 | -€4,049 | -20.2% |
| Other amounts payable | 47/48 | €35,765 | €35,765 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €3,917 | +€3,917 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,813 | €67,955 | +€32,142 | +89.7% |
| Other operating charges | 640/8 | €4,994 | €2,565 | -€2,430 | -48.6% |
| Gross operating margin | 9900 | €113,422 | €135,224 | +€21,803 | +19.2% |
| Operating profit (loss) | 9901 | €72,614 | €60,788 | -€11,826 | -16.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €19,385 | €40,970 | +€21,584 | +111% |
| Recurring financial charges | 65 | €19,385 | €40,970 | +€21,584 | +111% |
| Profit (loss) for the period before taxes | 9903 | €53,229 | €19,819 | -€33,411 | -62.8% |
| Income taxes | 67/77 | €10,646 | €12,035 | +€1,389 | +13.1% |
| Profit (loss) for the period | 9904 | €42,583 | €7,783 | -€34,800 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €42,583 | €7,783 | -€34,800 | -81.7% |
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 25 October 2026 via checked.be.