FURKAN38: 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.
FURKAN38
Largest movements
- Receivables within one year +€24,865
up €24,865 (+170.5%), from €14,581 to €39,446
of which Other amounts receivable: +€20,926
- Tangible fixed assets -€7,000
down €7,000 (-38.9%), from €18,000 to €11,000
- Cash +€4,643
up €4,643 (+26.8%), from €17,357 to €22,000
mainly Net result for the year (+€19,520) and Depreciation (+€10,000)
- Profit (loss) carried forward +€19,520
up €19,520 (+70.7%), from €27,613 to €47,133
- Trade debts +€6,040
up €6,040 (+42.3%), from €14,273 to €20,313
- Tax, wage and social debts -€3,052
no longer reported in 2025 (was €3,052)
- Gross operating margin +€8,130
up €8,130 (+28.2%), from €28,857 to €36,987
- Other operating charges +€1,731
up €1,731 (+134.0%), from €1,292 to €3,023
- Depreciation +€1,000
up €1,000 (+11.1%), from €9,000 to €10,000
- Taxes +€958
up €958 (+29.8%), from €3,211 to €4,169
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 | €49,938 | €72,446 | +€22,508 | +45.1% |
| Fixed assets | 21/28 | €18,000 | €11,000 | -€7,000 | -38.9% |
| Tangible fixed assets | 22/27 | €18,000 | €11,000 | -€7,000 | -38.9% |
| Furniture and vehicles | 24 | €18,000 | €11,000 | -€7,000 | -38.9% |
| Current assets | 29/58 | €31,938 | €61,446 | +€29,508 | +92.4% |
| Amounts receivable within one year | 40/41 | €14,581 | €39,446 | +€24,865 | +170.5% |
| Trade receivables | 40 | €8,761 | €12,700 | +€3,939 | +45.0% |
| Other amounts receivable | 41 | €5,820 | €26,746 | +€20,926 | +359.6% |
| Cash at bank and in hand | 54/58 | €17,357 | €22,000 | +€4,643 | +26.8% |
| Total equity and liabilities | 10/49 | €49,938 | €72,446 | +€22,508 | +45.1% |
| Equity | 10/15 | €32,613 | €52,133 | +€19,520 | +59.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,613 | €47,133 | +€19,520 | +70.7% |
| Amounts payable | 17/49 | €17,325 | €20,313 | +€2,988 | +17.2% |
| Amounts payable within one year | 42/48 | €17,325 | €20,313 | +€2,988 | +17.2% |
| Trade debts | 44 | €14,273 | €20,313 | +€6,040 | +42.3% |
| Suppliers | 440/4 | €14,273 | €20,313 | +€6,040 | +42.3% |
| Taxes, remuneration and social security | 45 | €3,052 | - | -€3,052 | |
| Taxes | 450/3 | €3,052 | - | -€3,052 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,000 | €10,000 | +€1,000 | +11.1% |
| Other operating charges | 640/8 | €1,292 | €3,023 | +€1,731 | +134.0% |
| Non-recurring operating charges | 66A | €568 | - | -€568 | |
| Gross operating margin | 9900 | €28,857 | €36,987 | +€8,130 | +28.2% |
| Operating profit (loss) | 9901 | €17,997 | €23,964 | +€5,967 | +33.2% |
| Financial charges | 65/66B | €18 | €275 | +€257 | +1427.8% |
| Recurring financial charges | 65 | €18 | €275 | +€257 | +1427.8% |
| Profit (loss) for the period before taxes | 9903 | €17,979 | €23,689 | +€5,710 | +31.8% |
| Income taxes | 67/77 | €3,211 | €4,169 | +€958 | +29.8% |
| Profit (loss) for the period | 9904 | €14,768 | €19,520 | +€4,752 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,768 | €19,520 | +€4,752 | +32.2% |
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 11 October 2026 via checked.be.