FUTURE FIRST: 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 FIRST
Largest movements
- Cash +€28,522
up €28,522 (+90.1%), from €31,655 to €60,177
mainly Other debts (+€11,927) and Depreciation (+€9,953)
- Receivables within one year -€9,618
down €9,618 (-83.0%), from €11,585 to €1,967
of which Trade receivables: -€9,525
- Tangible fixed assets -€9,492
down €9,492 (-26.3%), from €36,069 to €26,577
- Stocks and contracts -€1,081
down €1,081 (-13.6%), from €7,964 to €6,884
- Other debts +€11,927
up €11,927 (+61.2%), from €19,491 to €31,418
- Debts after one year -€8,736
down €8,736 (-34.0%), from €25,713 to €16,977
- Profit (loss) carried forward +€6,132
up €6,132 (+34.5%), from €17,786 to €23,918
- Tax, wage and social debts -€3,774
down €3,774 (-78.1%), from €4,833 to €1,058
- Accrued charges and deferred income +€2,400
new in 2025: €2,400
- Gross operating margin -€17,708
down €17,708 (-47.4%), from €37,368 to €19,661
- Taxes -€3,081
down €3,081 (-64.2%), from €4,799 to €1,718
- Depreciation -€1,957
down €1,957 (-16.4%), from €11,910 to €9,953
- Financial charges -€555
down €555 (-26.6%), from €2,085 to €1,529
- Other operating charges -€461
down €461 (-58.5%), from €789 to €328
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 | €89,232 | €97,107 | +€7,874 | +8.8% |
| Fixed assets | 21/28 | €37,857 | €27,904 | -€9,953 | -26.3% |
| Intangible fixed assets | 21 | €1,787 | €1,326 | -€461 | -25.8% |
| Tangible fixed assets | 22/27 | €36,069 | €26,577 | -€9,492 | -26.3% |
| Furniture and vehicles | 24 | €36,069 | €26,577 | -€9,492 | -26.3% |
| Current assets | 29/58 | €51,375 | €69,203 | +€17,828 | +34.7% |
| Stocks and contracts in progress | 3 | €7,964 | €6,884 | -€1,081 | -13.6% |
| Stocks | 30/36 | €7,964 | €6,884 | -€1,081 | -13.6% |
| Amounts receivable within one year | 40/41 | €11,585 | €1,967 | -€9,618 | -83.0% |
| Trade receivables | 40 | €9,710 | €185 | -€9,525 | -98.1% |
| Other amounts receivable | 41 | €1,875 | €1,782 | -€93 | -4.9% |
| Cash at bank and in hand | 54/58 | €31,655 | €60,177 | +€28,522 | +90.1% |
| Deferred charges and accrued income | 490/1 | €171 | €176 | +€5 | +3.0% |
| Total equity and liabilities | 10/49 | €89,232 | €97,107 | +€7,874 | +8.8% |
| Equity | 10/15 | €30,286 | €36,418 | +€6,132 | +20.2% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,786 | €23,918 | +€6,132 | +34.5% |
| Amounts payable | 17/49 | €58,946 | €60,688 | +€1,742 | +3.0% |
| Amounts payable after more than one year | 17 | €25,713 | €16,977 | -€8,736 | -34.0% |
| Financial debts | 170/4 | €25,713 | €16,977 | -€8,736 | -34.0% |
| Amounts payable within one year | 42/48 | €33,234 | €41,312 | +€8,078 | +24.3% |
| Current portion of amounts payable after more than one year | 42 | €8,385 | €8,736 | +€351 | +4.2% |
| Trade debts | 44 | €525 | €99 | -€426 | -81.1% |
| Suppliers | 440/4 | €525 | €99 | -€426 | -81.1% |
| Taxes, remuneration and social security | 45 | €4,833 | €1,058 | -€3,774 | -78.1% |
| Taxes | 450/3 | €4,833 | €1,058 | -€3,774 | -78.1% |
| Other amounts payable | 47/48 | €19,491 | €31,418 | +€11,927 | +61.2% |
| Accrued charges and deferred income | 492/3 | - | €2,400 | +€2,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,910 | €9,953 | -€1,957 | -16.4% |
| Other operating charges | 640/8 | €789 | €328 | -€461 | -58.5% |
| Gross operating margin | 9900 | €37,368 | €19,661 | -€17,708 | -47.4% |
| Operating profit (loss) | 9901 | €24,669 | €9,380 | -€15,290 | -62.0% |
| Financial income | 75/76B | €0 | €0 | +€0 | +94.4% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +94.4% |
| Financial charges | 65/66B | €2,085 | €1,529 | -€555 | -26.6% |
| Recurring financial charges | 65 | €2,085 | €1,529 | -€555 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €22,585 | €7,851 | -€14,734 | -65.2% |
| Income taxes | 67/77 | €4,799 | €1,718 | -€3,081 | -64.2% |
| Profit (loss) for the period | 9904 | €17,786 | €6,132 | -€11,653 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,786 | €6,132 | -€11,653 | -65.5% |
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 29 September 2026 via checked.be.