Furthur Explore: 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.
Furthur Explore
Largest movements
- Financial fixed assets +€312,982
new in 2025: €312,982
- Cash -€36,806
down €36,806 (-73.9%), from €49,782 to €12,976
mainly Investment in fixed assets (net) (-€315,006) and Contributions, distributions and other (-€32,780)
- Receivables within one year -€5,189
down €5,189 (-57.9%), from €8,961 to €3,772
of which Trade receivables: -€8,961
- Debts after one year +€191,708
new in 2025: €191,708
- Current portion of long-term debt +€60,059
new in 2025: €60,059
- Other debts +€33,517
up €33,517 (+1952.3%), from €1,717 to €35,233
- Tax, wage and social debts -€12,018
down €12,018 (-74.6%), from €16,118 to €4,100
of which Taxes: -€12,018
- Gross operating margin +€13,721
up €13,721 (+39.8%), from €34,499 to €48,220
- Financial charges +€8,705
up €8,705 (+16105.1%), from €54 to €8,759
- Financial income +€2,502
up €2,502 (+400.8%), from €624 to €3,126
- Taxes +€1,181
up €1,181 (+16.2%), from €7,304 to €8,485
- Other operating charges +€860
up €860 (+1347.4%), from €64 to €923
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 | €95,974 | €369,220 | +€273,247 | +284.7% |
| Fixed assets | 21/28 | €938 | €315,544 | +€314,607 | +33555.2% |
| Tangible fixed assets | 22/27 | €938 | €2,562 | +€1,624 | +173.2% |
| Plant, machinery and equipment | 23 | - | €1,889 | +€1,889 | |
| Furniture and vehicles | 24 | €938 | €673 | -€264 | -28.2% |
| Financial fixed assets | 28 | - | €312,982 | +€312,982 | |
| Current assets | 29/58 | €95,036 | €53,676 | -€41,360 | -43.5% |
| Amounts receivable after more than one year | 29 | €36,293 | €36,928 | +€635 | +1.7% |
| Trade receivables | 290 | €36,293 | €36,928 | +€635 | +1.7% |
| Amounts receivable within one year | 40/41 | €8,961 | €3,772 | -€5,189 | -57.9% |
| Trade receivables | 40 | €8,961 | - | -€8,961 | |
| Other amounts receivable | 41 | - | €3,772 | +€3,772 | |
| Cash at bank and in hand | 54/58 | €49,782 | €12,976 | -€36,806 | -73.9% |
| Total equity and liabilities | 10/49 | €95,974 | €369,220 | +€273,247 | +284.7% |
| Equity | 10/15 | €78,121 | €78,121 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €68,121 | €68,121 | = | 0.0% |
| Distributable reserves | 133 | €68,121 | €68,121 | = | 0.0% |
| Amounts payable | 17/49 | €17,853 | €291,100 | +€273,247 | +1530.5% |
| Amounts payable after more than one year | 17 | - | €191,708 | +€191,708 | |
| Financial debts | 170/4 | - | €191,708 | +€191,708 | |
| Amounts payable within one year | 42/48 | €17,853 | €99,392 | +€81,539 | +456.7% |
| Current portion of amounts payable after more than one year | 42 | - | €60,059 | +€60,059 | |
| Trade debts | 44 | €19 | - | -€19 | |
| Suppliers | 440/4 | €19 | - | -€19 | |
| Taxes, remuneration and social security | 45 | €16,118 | €4,100 | -€12,018 | -74.6% |
| Taxes | 450/3 | €14,268 | €2,250 | -€12,018 | -84.2% |
| Remuneration and social security | 454/9 | €1,850 | €1,850 | = | 0.0% |
| Other amounts payable | 47/48 | €1,717 | €35,233 | +€33,517 | +1952.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264 | €400 | +€135 | +51.2% |
| Other operating charges | 640/8 | €64 | €923 | +€860 | +1347.4% |
| Gross operating margin | 9900 | €34,499 | €48,220 | +€13,721 | +39.8% |
| Operating profit (loss) | 9901 | €34,171 | €46,897 | +€12,726 | +37.2% |
| Financial income | 75/76B | €624 | €3,126 | +€2,502 | +400.8% |
| Recurring financial income | 75 | €624 | €3,126 | +€2,502 | +400.8% |
| Financial charges | 65/66B | €54 | €8,759 | +€8,705 | +16105.1% |
| Recurring financial charges | 65 | €54 | €8,759 | +€8,705 | +16105.1% |
| Profit (loss) for the period before taxes | 9903 | €34,741 | €41,264 | +€6,524 | +18.8% |
| Income taxes | 67/77 | €7,304 | €8,485 | +€1,181 | +16.2% |
| Profit (loss) for the period | 9904 | €27,437 | €32,780 | +€5,343 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,437 | €32,780 | +€5,343 | +19.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.