FUTECH: 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.
What changed
FUTECH
NACE 43.211, General electrical installation work
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€311,488
2024 · €384,992-€73,504
Equity
€5.4m
2024 · €5.5m-€80,102
Cash
€4.1m
2024 · €2.1m+€2.0m
Balance sheet total
€12.2m
2024 · €12.4m-€237,577
Largest movements
Assets
- Cash +€2.0m
up €2.0m (+99.0%), from €2.1m to €4.1m
mainly Receivables within one year (+€1.6m) and Depreciation (+€866,283)
- Receivables within one year -€1.6m
down €1.6m (-42.9%), from €3.7m to €2.1m
of which Trade receivables: -€1.7m
- Tangible fixed assets -€614,293
down €614,293 (-12.9%), from €4.8m to €4.2m
of which Plant, machinery and equipment: -€563,351
Equity and liabilities
- Trade debts -€629,037
down €629,037 (-10.0%), from €6.3m to €5.7m
- Other debts +€386,749
up €386,749 (+195.3%), from €198,009 to €584,758
Income statement
- Turnover -€4.0m
down €4.0m (-34.2%), from €11.7m to €7.7m
- Goods and materials -€2.6m
down €2.6m (-41.5%), from €6.3m to €3.7m
of which Purchases: -€2.6m
- Services and other goods -€1.1m
down €1.1m (-33.3%), from €3.2m to €2.1m
- Other operating income -€149,194
down €149,194 (-43.7%), from €341,159 to €191,965
- Staff costs -€144,429
down €144,429 (-9.4%), from €1.5m to €1.4m
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
€384,992
Turnover
-€4.0m
Other operating income
-€149,194
Goods and materials
+€2.6m
Services and other goods
+€1.1m
Staff costs
+€144,429
Depreciation
+€58,570
Provisions
-€66,000
Other operating charges
-€2,100
Other operating items
+€295,041
Financial income
+€14,629
Financial charges
+€11,401
Taxes
-€31,571
Result 2025
€311,488
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.
From operations
+€2.7m
Investment
-€210,935
Financing
-€441,594
Cash 2024
€2.1m
From operations (derived)
+€2.7m
Net result for the year
+€311,488
Depreciation
+€866,283
Stocks and contracts
+€36,317
Receivables within one year
+€1.6m
Trade debts
-€629,037
Tax, wage and social debts
+€72,606
Other debts
+€386,749
Accrued charges and deferred income
+€62,211
Investment (derived)
-€210,935
Investment in fixed assets (net)
-€210,935
Financing
-€441,594
Debts after one year
-€29,129
Current portion of long-term debt
-€20,875
Contributions, distributions and other
-€391,590
Cash 2025
€4.1m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,403,160 | €12,165,582 | -€237,577 | -1.9% |
| Fixed assets | 21/28 | €4,884,415 | €4,229,067 | -€655,348 | -13.4% |
| Intangible fixed assets | 21 | €55,003 | €13,947 | -€41,056 | -74.6% |
| Tangible fixed assets | 22/27 | €4,778,375 | €4,164,082 | -€614,293 | -12.9% |
| Land and buildings | 22 | €344,645 | €375,048 | +€30,403 | +8.8% |
| Plant, machinery and equipment | 23 | €3,923,994 | €3,360,643 | -€563,351 | -14.4% |
| Furniture and vehicles | 24 | €170,933 | €122,927 | -€48,006 | -28.1% |
| Other tangible fixed assets | 26 | €338,802 | €305,465 | -€33,338 | -9.8% |
| Financial fixed assets | 28 | €51,038 | €51,038 | = | 0.0% |
| Other financial fixed assets | 284/8 | €51,038 | €51,038 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €51,038 | €51,038 | = | 0.0% |
| Current assets | 29/58 | €7,518,745 | €7,936,516 | +€417,771 | +5.6% |
| Stocks and contracts in progress | 3 | €1,790,073 | €1,753,756 | -€36,317 | -2.0% |
| Stocks | 30/36 | €1,790,073 | €1,375,054 | -€415,019 | -23.2% |
| Raw materials and consumables | 30/31 | €1,790,073 | €1,375,054 | -€415,019 | -23.2% |
| Contracts in progress | 37 | - | €378,702 | +€378,702 | |
| Amounts receivable within one year | 40/41 | €3,676,979 | €2,098,902 | -€1.6m | -42.9% |
| Trade receivables | 40 | €3,607,533 | €1,940,913 | -€1.7m | -46.2% |
| Other amounts receivable | 41 | €69,446 | €157,989 | +€88,543 | +127.5% |
| Cash at bank and in hand | 54/58 | €2,051,693 | €4,083,858 | +€2.0m | +99.0% |
| Total equity and liabilities | 10/49 | €12,403,160 | €12,165,582 | -€237,577 | -1.9% |
| Equity | 10/15 | €5,500,978 | €5,420,875 | -€80,102 | -1.5% |
| Contributions | 10/11 | €1,281,644 | €1,281,644 | = | 0.0% |
| Reserves | 13 | €4,219,334 | €4,139,232 | -€80,102 | -1.9% |
| Tax-exempt reserves | 132 | €178,000 | - | -€178,000 | |
| Distributable reserves | 133 | €4,041,334 | €4,139,232 | +€97,898 | +2.4% |
| Provisions and deferred taxes | 16 | €7,000 | €7,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €7,000 | €7,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €7,000 | €7,000 | = | 0.0% |
| Amounts payable | 17/49 | €6,895,182 | €6,737,707 | -€157,475 | -2.3% |
| Amounts payable after more than one year | 17 | €29,129 | - | -€29,129 | |
| Financial debts | 170/4 | €29,129 | - | -€29,129 | |
| Credit institutions | 173 | €29,129 | - | -€29,129 | |
| Amounts payable within one year | 42/48 | €6,866,053 | €6,675,496 | -€190,557 | -2.8% |
| Current portion of amounts payable after more than one year | 42 | €50,004 | €29,129 | -€20,875 | -41.7% |
| Trade debts | 44 | €6,314,210 | €5,685,173 | -€629,037 | -10.0% |
| Suppliers | 440/4 | €6,314,210 | €5,685,173 | -€629,037 | -10.0% |
| Taxes, remuneration and social security | 45 | €303,830 | €376,436 | +€72,606 | +23.9% |
| Taxes | 450/3 | €54,059 | €136,872 | +€82,813 | +153.2% |
| Remuneration and social security | 454/9 | €249,771 | €239,564 | -€10,206 | -4.1% |
| Other amounts payable | 47/48 | €198,009 | €584,758 | +€386,749 | +195.3% |
| Accrued charges and deferred income | 492/3 | - | €62,211 | +€62,211 | |
| Operating income | 70/76A | €12,252,736 | €8,383,172 | -€3.9m | -31.6% |
| Turnover | 70 | €11,732,333 | €7,716,922 | -€4.0m | -34.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €378,702 | +€378,702 | |
| Own construction capitalised | 72 | €179,244 | €95,583 | -€83,662 | -46.7% |
| Other operating income | 74 | €341,159 | €191,965 | -€149,194 | -43.7% |
| Operating charges | 60/66A | €11,876,525 | €8,074,924 | -€3.8m | -32.0% |
| Goods for resale, raw materials and consumables | 60 | €6,267,605 | €3,663,929 | -€2.6m | -41.5% |
| Purchases | 600/8 | €5,883,348 | €3,248,910 | -€2.6m | -44.8% |
| Change in stocks: decrease (increase) | 609 | €384,257 | €415,019 | +€30,762 | +8.0% |
| Services and other goods | 61 | €3,190,491 | €2,127,465 | -€1.1m | -33.3% |
| Remuneration, social security and pensions | 62 | €1,539,627 | €1,395,198 | -€144,429 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €924,853 | €866,283 | -€58,570 | -6.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€66,000 | - | +€66,000 | |
| Other operating charges | 640/8 | €19,950 | €22,050 | +€2,100 | +10.5% |
| Operating profit (loss) | 9901 | €376,211 | €308,248 | -€67,963 | -18.1% |
| Financial income | 75/76B | €31,241 | €45,870 | +€14,629 | +46.8% |
| Recurring financial income | 75 | €31,241 | €45,870 | +€14,629 | +46.8% |
| Income from current assets | 751 | €49 | €10,532 | +€10,483 | +21394.8% |
| Other financial income | 752/9 | €31,192 | €35,338 | +€4,146 | +13.3% |
| Financial charges | 65/66B | €16,892 | €5,491 | -€11,401 | -67.5% |
| Recurring financial charges | 65 | €16,892 | €5,491 | -€11,401 | -67.5% |
| Debt charges | 650 | €16,884 | €5,455 | -€11,429 | -67.7% |
| Other financial charges | 652/9 | €8 | €36 | +€28 | +346.9% |
| Profit (loss) for the period before taxes | 9903 | €390,560 | €348,627 | -€41,933 | -10.7% |
| Income taxes | 67/77 | €5,569 | €37,140 | +€31,571 | +566.9% |
| Taxes | 670/3 | €5,569 | €37,140 | +€31,571 | +566.9% |
| Profit (loss) for the period | 9904 | €384,992 | €311,488 | -€73,504 | -19.1% |
| Transfer from tax-exempt reserves | 789 | - | €178,000 | +€178,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €384,992 | €489,488 | +€104,496 | +27.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.