FURSTIM: 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.
FURSTIM
Largest movements
- Cash +€7,990
up €7,990 (+5.6%), from €142,582 to €150,572
mainly Net result for the year (+€8,512) and Depreciation (+€4,171)
- Receivables within one year -€3,818
down €3,818 (-74.0%), from €5,156 to €1,338
of which Other amounts receivable: -€4,231
- Reserves +€7,512
up €7,512 (+5.8%), from €128,529 to €136,041
- Gross operating margin +€7,085
up €7,085 (+64.1%), from €11,054 to €18,139
- Taxes +€1,923
up €1,923 (+84.6%), from €2,272 to €4,195
- Other operating charges -€679
down €679 (-40.5%), from €1,675 to €996
- Financial income -€666
no longer reported in 2025 (was €666)
- Depreciation -€470
down €470 (-10.1%), from €4,641 to €4,171
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 | €159,555 | €166,610 | +€7,055 | +4.4% |
| Fixed assets | 21/28 | €9,524 | €11,182 | +€1,658 | +17.4% |
| Tangible fixed assets | 22/27 | €9,524 | €11,182 | +€1,658 | +17.4% |
| Plant, machinery and equipment | 23 | €54 | - | -€54 | |
| Furniture and vehicles | 24 | €7,730 | €10,027 | +€2,297 | +29.7% |
| Other tangible fixed assets | 26 | €1,740 | €1,155 | -€585 | -33.6% |
| Current assets | 29/58 | €150,031 | €155,428 | +€5,397 | +3.6% |
| Amounts receivable within one year | 40/41 | €5,156 | €1,338 | -€3,818 | -74.0% |
| Trade receivables | 40 | €116 | €529 | +€413 | +356% |
| Other amounts receivable | 41 | €5,040 | €809 | -€4,231 | -83.9% |
| Cash at bank and in hand | 54/58 | €142,582 | €150,572 | +€7,990 | +5.6% |
| Deferred charges and accrued income | 490/1 | €2,293 | €3,518 | +€1,225 | +53.4% |
| Total equity and liabilities | 10/49 | €159,555 | €166,610 | +€7,055 | +4.4% |
| Equity | 10/15 | €148,529 | €156,041 | +€7,512 | +5.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €128,529 | €136,041 | +€7,512 | +5.8% |
| Distributable reserves | 133 | €128,529 | €136,041 | +€7,512 | +5.8% |
| Amounts payable | 17/49 | €11,026 | €10,569 | -€457 | -4.1% |
| Amounts payable within one year | 42/48 | €11,026 | €10,569 | -€457 | -4.1% |
| Financial debts | 43 | €2,022 | €700 | -€1,322 | -65.4% |
| Credit institutions | 430/8 | €2,022 | €700 | -€1,322 | -65.4% |
| Trade debts | 44 | €3,423 | €4,411 | +€988 | +28.9% |
| Suppliers | 440/4 | €3,423 | €4,411 | +€988 | +28.9% |
| Taxes, remuneration and social security | 45 | €2,581 | €1,962 | -€619 | -24.0% |
| Taxes | 450/3 | €2,581 | €1,962 | -€619 | -24.0% |
| Other amounts payable | 47/48 | €3,000 | €3,496 | +€496 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,641 | €4,171 | -€470 | -10.1% |
| Other operating charges | 640/8 | €1,675 | €996 | -€679 | -40.5% |
| Gross operating margin | 9900 | €11,054 | €18,139 | +€7,085 | +64.1% |
| Operating profit (loss) | 9901 | €4,738 | €12,972 | +€8,234 | +174% |
| Financial income | 75/76B | €666 | - | -€666 | |
| Recurring financial income | 75 | €666 | - | -€666 | |
| Financial charges | 65/66B | €455 | €265 | -€190 | -41.8% |
| Recurring financial charges | 65 | €455 | €265 | -€190 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €4,949 | €12,707 | +€7,758 | +157% |
| Income taxes | 67/77 | €2,272 | €4,195 | +€1,923 | +84.6% |
| Profit (loss) for the period | 9904 | €2,677 | €8,512 | +€5,835 | +218% |
| Profit (loss) for the period to be appropriated | 9905 | €2,677 | €8,512 | +€5,835 | +218% |
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 28 October 2026 via checked.be.