FUTURE CLIMA: 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.
FUTURE CLIMA
Largest movements
- Cash +€384,826
up €384,826 (+36.7%), from €1.0m to €1.4m
mainly Receivables within one year (+€249,884) and Stocks and contracts (+€186,178)
- Receivables within one year -€249,884
down €249,884 (-12.7%), from €2.0m to €1.7m
of which Trade receivables: -€263,763
- Stocks and contracts -€186,178
down €186,178 (-29.9%), from €623,106 to €436,928
- Financial fixed assets -€50,049
down €50,049 (-21.6%), from €232,189 to €182,140
- Tangible fixed assets +€44,367
up €44,367 (+10.9%), from €406,144 to €450,511
of which Leasing and similar rights: +€66,262
- Short-term financial debts -€400,000
down €400,000 (-100.0%), from €400,000 to €0
- Profit (loss) carried forward +€179,884
up €179,884 (+8.5%), from €2.1m to €2.3m
- Tax, wage and social debts +€131,515
up €131,515 (+353.5%), from €37,207 to €168,722
of which Taxes: +€75,548
- Staff costs +€112,966
up €112,966 (+9.0%), from €1.3m to €1.4m
- Gross operating margin -€110,192
down €110,192 (-5.8%), from €1.9m to €1.8m
- Write-downs -€98,730
down €98,730, from €92,223 to -€6,507
- Taxes +€62,789
up €62,789 (+572.2%), from €10,974 to €73,763
- Financial charges -€51,488
down €51,488 (-59.7%), from €86,269 to €34,782
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 | €4,318,438 | €4,257,646 | -€60,792 | -1.4% |
| Fixed assets | 21/28 | €638,332 | €632,650 | -€5,682 | -0.9% |
| Tangible fixed assets | 22/27 | €406,144 | €450,511 | +€44,367 | +10.9% |
| Land and buildings | 22 | €271,426 | €254,703 | -€16,723 | -6.2% |
| Plant, machinery and equipment | 23 | - | €18,525 | +€18,525 | |
| Furniture and vehicles | 24 | €66,743 | €43,046 | -€23,696 | -35.5% |
| Leasing and similar rights | 25 | €67,975 | €134,236 | +€66,262 | +97.5% |
| Financial fixed assets | 28 | €232,189 | €182,140 | -€50,049 | -21.6% |
| Current assets | 29/58 | €3,680,106 | €3,624,996 | -€55,110 | -1.5% |
| Stocks and contracts in progress | 3 | €623,106 | €436,928 | -€186,178 | -29.9% |
| Stocks | 30/36 | €623,106 | €436,928 | -€186,178 | -29.9% |
| Amounts receivable within one year | 40/41 | €1,969,667 | €1,719,783 | -€249,884 | -12.7% |
| Trade receivables | 40 | €1,857,308 | €1,593,545 | -€263,763 | -14.2% |
| Other amounts receivable | 41 | €112,358 | €126,238 | +€13,880 | +12.4% |
| Cash at bank and in hand | 54/58 | €1,047,256 | €1,432,083 | +€384,826 | +36.7% |
| Deferred charges and accrued income | 490/1 | €40,076 | €36,202 | -€3,875 | -9.7% |
| Total equity and liabilities | 10/49 | €4,318,438 | €4,257,646 | -€60,792 | -1.4% |
| Equity | 10/15 | €2,409,106 | €2,588,990 | +€179,884 | +7.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €284,839 | €284,839 | = | 0.0% |
| Distributable reserves | 133 | €284,839 | €284,839 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,105,667 | €2,285,551 | +€179,884 | +8.5% |
| Amounts payable | 17/49 | €1,909,332 | €1,668,656 | -€240,676 | -12.6% |
| Amounts payable after more than one year | 17 | €114,508 | €142,243 | +€27,736 | +24.2% |
| Financial debts | 170/4 | €114,508 | €142,243 | +€27,736 | +24.2% |
| Amounts payable within one year | 42/48 | €1,794,824 | €1,526,413 | -€268,412 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €68,980 | €81,376 | +€12,396 | +18.0% |
| Financial debts | 43 | €400,000 | €0 | -€400,000 | -100.0% |
| Credit institutions | 430/8 | €400,000 | €0 | -€400,000 | -100.0% |
| Trade debts | 44 | €1,277,763 | €1,276,315 | -€1,448 | -0.1% |
| Suppliers | 440/4 | €1,277,763 | €1,276,315 | -€1,448 | -0.1% |
| Taxes, remuneration and social security | 45 | €37,207 | €168,722 | +€131,515 | +353.5% |
| Taxes | 450/3 | €632 | €76,180 | +€75,548 | +11963.3% |
| Remuneration and social security | 454/9 | €36,576 | €92,543 | +€55,967 | +153.0% |
| Other amounts payable | 47/48 | €10,875 | €0 | -€10,875 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,259,364 | €1,372,329 | +€112,966 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,185 | €122,007 | -€177 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €92,223 | -€6,507 | -€98,730 | |
| Other operating charges | 640/8 | €8,240 | €9,076 | +€836 | +10.1% |
| Non-recurring operating charges | 66A | €552 | €1,250 | +€698 | +126.5% |
| Gross operating margin | 9900 | €1,890,423 | €1,780,231 | -€110,192 | -5.8% |
| Operating profit (loss) | 9901 | €407,859 | €282,075 | -€125,784 | -30.8% |
| Financial income | 75/76B | €7,917 | €6,355 | -€1,563 | -19.7% |
| Recurring financial income | 75 | €7,917 | €6,355 | -€1,563 | -19.7% |
| Financial charges | 65/66B | €86,269 | €34,782 | -€51,488 | -59.7% |
| Recurring financial charges | 65 | €86,269 | €34,782 | -€51,488 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | €329,507 | €253,648 | -€75,859 | -23.0% |
| Income taxes | 67/77 | €10,974 | €73,763 | +€62,789 | +572.2% |
| Profit (loss) for the period | 9904 | €318,533 | €179,884 | -€138,649 | -43.5% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €318,533 | €179,884 | -€138,649 | -43.5% |
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 3 October 2026 via checked.be.