Furnae Pub: 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.
What changed
Furnae Pub
NACE 41.001, General construction of residential buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€7,669
2024 · -€52,981+€60,650
Equity
-€96,211
2024 · -€103,880+€7,669
Cash
€881
2024 · €3,124-€2,243
Balance sheet total
€818,580
2024 · €872,376-€53,796
Largest movements
Assets
- Tangible fixed assets -€56,699
down €56,699 (-6.6%), from €855,362 to €798,662
of which Land and buildings: -€45,654
Equity and liabilities
- Debts after one year -€45,664
down €45,664 (-5.4%), from €840,903 to €795,239
- Other debts -€14,673
down €14,673 (-21.8%), from €67,307 to €52,634
Income statement
- Gross operating margin +€55,607
up €55,607 (+206%), from €26,932 to €82,539
- Depreciation -€3,836
down €3,836 (-6.3%), from €60,535 to €56,699
- Financial charges -€1,182
down €1,182 (-8.0%), from €14,764 to €13,582
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
-€52,981
Gross operating margin
+€55,607
Staff costs
-€159
Depreciation
+€3,836
Other operating charges
+€113
Financial income
-€0
Financial charges
+€1,182
Taxes
+€72
Result 2025
€7,669
raises the resultlowers the result
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.
From operations
+€43,064
Investment
€0
Financing
-€45,307
Cash 2024
€3,124
From operations (derived)
+€43,064
Net result for the year
+€7,669
Depreciation
+€56,699
Receivables within one year
-€5,331
Deferred charges and accrued income
+€184
Trade debts
-€5,570
Tax, wage and social debts
+€4,085
Other debts
-€14,673
Financing
-€45,307
Debts after one year
-€45,664
Current portion of long-term debt
+€356
Cash 2025
€881
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €872,376 | €818,580 | -€53,796 | -6.2% |
| Fixed assets | 21/28 | €855,362 | €798,662 | -€56,699 | -6.6% |
| Tangible fixed assets | 22/27 | €855,362 | €798,662 | -€56,699 | -6.6% |
| Land and buildings | 22 | €819,460 | €773,806 | -€45,654 | -5.6% |
| Plant, machinery and equipment | 23 | €1,350 | €0 | -€1,350 | -100% |
| Furniture and vehicles | 24 | €34,552 | €24,857 | -€9,696 | -28.1% |
| Current assets | 29/58 | €17,015 | €19,918 | +€2,903 | +17.1% |
| Amounts receivable within one year | 40/41 | €13,071 | €18,402 | +€5,331 | +40.8% |
| Trade receivables | 40 | €12,011 | €17,342 | +€5,331 | +44.4% |
| Other amounts receivable | 41 | €1,060 | €1,060 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,124 | €881 | -€2,243 | -71.8% |
| Deferred charges and accrued income | 490/1 | €820 | €636 | -€184 | -22.5% |
| Total equity and liabilities | 10/49 | €872,376 | €818,580 | -€53,796 | -6.2% |
| Equity | 10/15 | -€103,880 | -€96,211 | +€7,669 | +7.4% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€127,880 | -€120,211 | +€7,669 | +6.0% |
| Amounts payable | 17/49 | €976,256 | €914,792 | -€61,465 | -6.3% |
| Amounts payable after more than one year | 17 | €840,903 | €795,239 | -€45,664 | -5.4% |
| Financial debts | 170/4 | €840,903 | €795,239 | -€45,664 | -5.4% |
| Amounts payable within one year | 42/48 | €135,353 | €119,552 | -€15,801 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €48,641 | €48,997 | +€356 | +0.7% |
| Trade debts | 44 | €8,775 | €3,205 | -€5,570 | -63.5% |
| Suppliers | 440/4 | €8,775 | €3,205 | -€5,570 | -63.5% |
| Taxes, remuneration and social security | 45 | €10,631 | €14,716 | +€4,085 | +38.4% |
| Taxes | 450/3 | €6,878 | €11,426 | +€4,549 | +66.1% |
| Remuneration and social security | 454/9 | €3,754 | €3,290 | -€463 | -12.3% |
| Other amounts payable | 47/48 | €67,307 | €52,634 | -€14,673 | -21.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | -€159 | €0 | +€159 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,535 | €56,699 | -€3,836 | -6.3% |
| Other operating charges | 640/8 | €4,031 | €3,919 | -€113 | -2.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €26,932 | €82,539 | +€55,607 | +206% |
| Operating profit (loss) | 9901 | -€37,475 | €21,921 | +€59,397 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -16.2% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -16.2% |
| Financial charges | 65/66B | €14,764 | €13,582 | -€1,182 | -8.0% |
| Recurring financial charges | 65 | €14,764 | €13,582 | -€1,182 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€52,239 | €8,340 | +€60,579 | |
| Income taxes | 67/77 | €742 | €671 | -€72 | -9.6% |
| Profit (loss) for the period | 9904 | -€52,981 | €7,669 | +€60,650 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,981 | €7,669 | +€60,650 |
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 20 October 2026 via checked.be.