FUTURANO: 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.
FUTURANO
Largest movements
- Current investments +€125,629
up €125,629 (+54.4%), from €230,979 to €356,608
- Stocks and contracts -€64,969
no longer reported in 2025 (was €64,969)
- Cash +€57,045
up €57,045 (+123%), from €46,543 to €103,588
mainly Net result for the year (+€136,812) and Stocks and contracts (+€64,969)
- Tangible fixed assets -€32,939
down €32,939 (-5.2%), from €637,790 to €604,851
of which Land and buildings: -€24,415
- Reserves +€116,355
up €116,355 (+23.1%), from €502,937 to €619,292
of which Distributable reserves: +€116,355
- Debts after one year -€21,342
down €21,342 (-4.9%), from €434,149 to €412,807
- Trade debts -€11,551
down €11,551 (-90.2%), from €12,812 to €1,261
- Gross operating margin +€19,087
up €19,087 (+8.5%), from €223,647 to €242,734
- Financial income -€11,546
down €11,546 (-94.0%), from €12,289 to €743
- Depreciation +€9,777
up €9,777 (+33.3%), from €29,371 to €39,148
- Taxes -€7,200
down €7,200 (-10.9%), from €66,071 to €58,871
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 | €1,065,580 | €1,150,792 | +€85,212 | +8.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €718,640 | €685,701 | -€32,939 | -4.6% |
| Tangible fixed assets | 22/27 | €637,790 | €604,851 | -€32,939 | -5.2% |
| Land and buildings | 22 | €571,952 | €547,537 | -€24,415 | -4.3% |
| Plant, machinery and equipment | 23 | €975 | €6,385 | +€5,410 | +555% |
| Furniture and vehicles | 24 | €64,863 | €50,929 | -€13,934 | -21.5% |
| Financial fixed assets | 28 | €80,850 | €80,850 | = | 0.0% |
| Current assets | 29/58 | €346,940 | €465,091 | +€118,151 | +34.1% |
| Stocks and contracts in progress | 3 | €64,969 | - | -€64,969 | |
| Stocks | 30/36 | €64,969 | - | -€64,969 | |
| Amounts receivable within one year | 40/41 | €2,513 | €3,196 | +€683 | +27.2% |
| Trade receivables | 40 | €2,191 | €3,033 | +€842 | +38.5% |
| Other amounts receivable | 41 | €322 | €163 | -€159 | -49.5% |
| Current investments | 50/53 | €230,979 | €356,608 | +€125,629 | +54.4% |
| Cash at bank and in hand | 54/58 | €46,543 | €103,588 | +€57,045 | +123% |
| Deferred charges and accrued income | 490/1 | €1,936 | €1,699 | -€237 | -12.3% |
| Total equity and liabilities | 10/49 | €1,065,580 | €1,150,792 | +€85,212 | +8.0% |
| Equity | 10/15 | €515,337 | €631,692 | +€116,355 | +22.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €502,937 | €619,292 | +€116,355 | +23.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €501,077 | €617,432 | +€116,355 | +23.2% |
| Amounts payable | 17/49 | €550,243 | €519,100 | -€31,143 | -5.7% |
| Amounts payable after more than one year | 17 | €434,149 | €412,807 | -€21,342 | -4.9% |
| Financial debts | 170/4 | €434,149 | €412,807 | -€21,342 | -4.9% |
| Amounts payable within one year | 42/48 | €116,094 | €106,293 | -€9,801 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €21,025 | €21,342 | +€317 | +1.5% |
| Trade debts | 44 | €12,812 | €1,261 | -€11,551 | -90.2% |
| Suppliers | 440/4 | €12,812 | €1,261 | -€11,551 | -90.2% |
| Taxes, remuneration and social security | 45 | €14,934 | €19,049 | +€4,115 | +27.6% |
| Taxes | 450/3 | €13,504 | €19,049 | +€5,545 | +41.1% |
| Remuneration and social security | 454/9 | €1,430 | - | -€1,430 | |
| Other amounts payable | 47/48 | €67,323 | €64,641 | -€2,682 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,371 | €39,148 | +€9,777 | +33.3% |
| Other operating charges | 640/8 | €1,135 | €1,831 | +€696 | +61.3% |
| Gross operating margin | 9900 | €223,647 | €242,734 | +€19,087 | +8.5% |
| Operating profit (loss) | 9901 | €193,141 | €201,755 | +€8,614 | +4.5% |
| Financial income | 75/76B | €12,289 | €743 | -€11,546 | -94.0% |
| Recurring financial income | 75 | €12,289 | €743 | -€11,546 | -94.0% |
| Financial charges | 65/66B | €7,249 | €6,816 | -€433 | -6.0% |
| Recurring financial charges | 65 | €7,249 | €6,816 | -€433 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €198,181 | €195,682 | -€2,499 | -1.3% |
| Income taxes | 67/77 | €66,071 | €58,871 | -€7,200 | -10.9% |
| Profit (loss) for the period | 9904 | €132,110 | €136,812 | +€4,702 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €132,110 | €136,812 | +€4,702 | +3.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.