FURNIVAN: 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.
FURNIVAN
Largest movements
- Tangible fixed assets -€183,956
down €183,956 (-99.3%), from €185,257 to €1,301
of which Land and buildings: -€183,115
- Current investments +€118,388
up €118,388 (+27.7%), from €427,241 to €545,629
- Cash -€14,161
down €14,161 (-4.0%), from €351,582 to €337,422
mainly Contributions, distributions and other (-€218,833) and Current investments (-€118,388)
- Reserves -€109,873
down €109,873 (-12.0%), from €917,077 to €807,204
of which Distributable reserves: -€109,873
- Gross operating margin +€124,339
up €124,339 (+393%), from €31,674 to €156,012
- Taxes +€36,451
up €36,451 (+352%), from €10,367 to €46,818
- Depreciation -€5,136
down €5,136 (-85.9%), from €5,976 to €840
- Financial income -€4,431
down €4,431 (-25.3%), from €17,546 to €13,115
- Financial charges +€4,245
up €4,245 (+82.8%), from €5,128 to €9,373
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 | €1,003,721 | €919,478 | -€84,243 | -8.4% |
| Fixed assets | 21/28 | €185,257 | €1,301 | -€183,956 | -99.3% |
| Tangible fixed assets | 22/27 | €185,257 | €1,301 | -€183,956 | -99.3% |
| Land and buildings | 22 | €183,115 | €0 | -€183,115 | -100% |
| Furniture and vehicles | 24 | €2,141 | €1,301 | -€840 | -39.2% |
| Current assets | 29/58 | €818,464 | €918,177 | +€99,713 | +12.2% |
| Amounts receivable within one year | 40/41 | €35,653 | €33,871 | -€1,782 | -5.0% |
| Trade receivables | 40 | €22,927 | €19,409 | -€3,518 | -15.3% |
| Other amounts receivable | 41 | €12,726 | €14,462 | +€1,737 | +13.6% |
| Current investments | 50/53 | €427,241 | €545,629 | +€118,388 | +27.7% |
| Cash at bank and in hand | 54/58 | €351,582 | €337,422 | -€14,161 | -4.0% |
| Deferred charges and accrued income | 490/1 | €3,988 | €1,255 | -€2,733 | -68.5% |
| Total equity and liabilities | 10/49 | €1,003,721 | €919,478 | -€84,243 | -8.4% |
| Equity | 10/15 | €923,347 | €813,474 | -€109,873 | -11.9% |
| Contributions | 10/11 | €6,270 | €6,270 | = | 0.0% |
| Reserves | 13 | €917,077 | €807,204 | -€109,873 | -12.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €917,077 | €807,204 | -€109,873 | -12.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,374 | €106,004 | +€25,630 | +31.9% |
| Amounts payable within one year | 42/48 | €78,633 | €101,401 | +€22,768 | +29.0% |
| Trade debts | 44 | €2,981 | €12,460 | +€9,479 | +318% |
| Suppliers | 440/4 | €2,981 | €12,460 | +€9,479 | +318% |
| Taxes, remuneration and social security | 45 | €5,359 | €13,709 | +€8,350 | +156% |
| Taxes | 450/3 | €2,568 | €10,896 | +€8,328 | +324% |
| Remuneration and social security | 454/9 | €2,791 | €2,813 | +€22 | +0.8% |
| Other amounts payable | 47/48 | €70,293 | €75,232 | +€4,939 | +7.0% |
| Accrued charges and deferred income | 492/3 | €1,741 | €4,603 | +€2,862 | +164% |
| Non-recurring operating income | 76A | - | €155,637 | +€155,637 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,976 | €840 | -€5,136 | -85.9% |
| Other operating charges | 640/8 | €3,112 | €3,135 | +€24 | +0.8% |
| Gross operating margin | 9900 | €31,674 | €156,012 | +€124,339 | +393% |
| Operating profit (loss) | 9901 | €22,586 | €152,037 | +€129,451 | +573% |
| Financial income | 75/76B | €17,546 | €13,115 | -€4,431 | -25.3% |
| Recurring financial income | 75 | €17,546 | €13,115 | -€4,431 | -25.3% |
| Financial charges | 65/66B | €5,128 | €9,373 | +€4,245 | +82.8% |
| Recurring financial charges | 65 | €5,128 | €9,373 | +€4,245 | +82.8% |
| Profit (loss) for the period before taxes | 9903 | €35,004 | €155,778 | +€120,775 | +345% |
| Income taxes | 67/77 | €10,367 | €46,818 | +€36,451 | +352% |
| Profit (loss) for the period | 9904 | €24,637 | €108,960 | +€84,323 | +342% |
| Profit (loss) for the period to be appropriated | 9905 | €24,637 | €108,960 | +€84,323 | +342% |
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 27 October 2026 via checked.be.