FURTEX: what changed
Two fiscal 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.
FURTEX
Largest movements
- Receivables within one year +€76,135
up €76,135 (+12.8%), from €595,522 to €671,657
of which Trade receivables: +€233,040
- Tangible fixed assets -€37,064
down €37,064 (-52.4%), from €70,760 to €33,696
of which Leasing and similar rights: -€22,075
- Stocks and contracts +€15,980
up €15,980 (+2.0%), from €803,767 to €819,747
- Trade debts +€914,209
new in 2024: €914,209
- Short-term financial debts -€791,253
down €791,253 (-86.4%), from €916,247 to €124,994
- Advances received +€115,260
up €115,260 (+2305.2%), from €5,000 to €120,260
- Other debts -€112,740
no longer reported in 2024 (was €112,740)
- Debts after one year -€83,902
down €83,902 (-70.4%), from €119,202 to €35,300
- Other operating charges -€27,285
down €27,285 (-72.1%), from €37,841 to €10,556
- Staff costs +€10,245
up €10,245 (+11.2%), from €91,802 to €102,047
- Financial charges +€9,830
up €9,830 (+104.6%), from €9,402 to €19,232
- Gross operating margin +€7,804
up €7,804 (+3.9%), from €202,152 to €209,956
- Taxes +€3,780
up €3,780 (+58.2%), from €6,495 to €10,275
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,477,863 | €1,549,790 | +€71,927 | +4.9% |
| Fixed assets | 21/28 | €78,268 | €41,204 | -€37,064 | -47.4% |
| Tangible fixed assets | 22/27 | €70,760 | €33,696 | -€37,064 | -52.4% |
| Plant, machinery and equipment | 23 | €8,273 | €6,173 | -€2,100 | -25.4% |
| Furniture and vehicles | 24 | €24,072 | €11,183 | -€12,889 | -53.5% |
| Leasing and similar rights | 25 | €38,415 | €16,340 | -€22,075 | -57.5% |
| Financial fixed assets | 28 | €7,508 | €7,508 | = | 0.0% |
| Current assets | 29/58 | €1,399,595 | €1,508,586 | +€108,991 | +7.8% |
| Stocks and contracts in progress | 3 | €803,767 | €819,747 | +€15,980 | +2.0% |
| Stocks | 30/36 | €803,767 | €819,747 | +€15,980 | +2.0% |
| Amounts receivable within one year | 40/41 | €595,522 | €671,657 | +€76,135 | +12.8% |
| Trade receivables | 40 | €302,015 | €535,055 | +€233,040 | +77.2% |
| Other amounts receivable | 41 | €293,507 | €136,602 | -€156,905 | -53.5% |
| Current investments | 50/53 | - | €14,439 | +€14,439 | |
| Cash at bank and in hand | 54/58 | €306 | - | -€306 | |
| Deferred charges and accrued income | 490/1 | - | €2,743 | +€2,743 | |
| Total equity and liabilities | 10/49 | €1,477,863 | €1,549,790 | +€71,927 | +4.9% |
| Equity | 10/15 | €258,947 | €289,772 | +€30,825 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,487 | €269,312 | +€30,825 | +12.9% |
| Amounts payable | 17/49 | €1,218,916 | €1,260,018 | +€41,102 | +3.4% |
| Amounts payable after more than one year | 17 | €119,202 | €35,300 | -€83,902 | -70.4% |
| Financial debts | 170/4 | €119,202 | €35,300 | -€83,902 | -70.4% |
| Amounts payable within one year | 42/48 | €1,099,714 | €1,224,718 | +€125,004 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €31,498 | €16,173 | -€15,325 | -48.7% |
| Financial debts | 43 | €916,247 | €124,994 | -€791,253 | -86.4% |
| Credit institutions | 430/8 | €916,247 | €124,994 | -€791,253 | -86.4% |
| Trade debts | 44 | - | €914,209 | +€914,209 | |
| Suppliers | 440/4 | - | €914,209 | +€914,209 | |
| Advances received on contracts in progress | 46 | €5,000 | €120,260 | +€115,260 | +2305.2% |
| Taxes, remuneration and social security | 45 | €34,229 | €49,082 | +€14,853 | +43.4% |
| Taxes | 450/3 | €18,279 | €19,098 | +€819 | +4.5% |
| Remuneration and social security | 454/9 | €15,950 | €29,984 | +€14,034 | +88.0% |
| Other amounts payable | 47/48 | €112,740 | - | -€112,740 | |
| Remuneration, social security and pensions | 62 | €91,802 | €102,047 | +€10,245 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,127 | €37,064 | -€63 | -0.2% |
| Other operating charges | 640/8 | €37,841 | €10,556 | -€27,285 | -72.1% |
| Gross operating margin | 9900 | €202,152 | €209,956 | +€7,804 | +3.9% |
| Operating profit (loss) | 9901 | €35,382 | €60,289 | +€24,907 | +70.4% |
| Financial income | 75/76B | - | €43 | +€43 | |
| Recurring financial income | 75 | - | €43 | +€43 | |
| Financial charges | 65/66B | €9,402 | €19,232 | +€9,830 | +104.6% |
| Recurring financial charges | 65 | €9,402 | €19,232 | +€9,830 | +104.6% |
| Profit (loss) for the period before taxes | 9903 | €25,980 | €41,100 | +€15,120 | +58.2% |
| Income taxes | 67/77 | €6,495 | €10,275 | +€3,780 | +58.2% |
| Profit (loss) for the period | 9904 | €19,485 | €30,825 | +€11,340 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €19,485 | €30,825 | +€11,340 | +58.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.