FUTURE GROWTH FUND: what changed
What changed
FUTURE GROWTH FUND
filed annual accounts (NBB)
Net result for the year
€96,646
2024 · €95,267+€1,379
Equity
€1.8m
2024 · €2.2m-€443,354
Cash
€2,550
2024 · €3,325-€775
Balance sheet total
€2.3m
2024 · €2.2m+€94,922
Largest movements
Assets
- Financial fixed assets +€335,000
up €335,000 (+112%), from €300,000 to €635,000
- Receivables after one year -€335,000
no longer reported in 2025 (was €335,000)
- Receivables within one year +€72,967
up €72,967 (+4.6%), from €1.6m to €1.6m
Equity and liabilities
- Other debts +€540,000
new in 2025: €540,000
- Reserves -€443,354
down €443,354 (-99.2%), from €446,789 to €3,435
Income statement
- Gross operating margin +€5,440
up €5,440 (+66.1%), from -€8,234 to -€2,794
- Financial income -€4,437
down €4,437 (-4.2%), from €105,134 to €100,696
- Financial charges -€212
down €212 (-55.6%), from €382 to €170
- Other operating charges -€164
down €164 (-13.1%), from €1,250 to €1,086
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€95,267
Gross operating margin
+€5,440
Other operating charges
+€164
Financial income
-€4,437
Financial charges
+€212
Result 2025
€96,646
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€874,225
Investment
-€335,000
Financing
-€540,000
Cash 2024
€3,325
From operations (derived)
+€874,225
Net result for the year
+€96,646
Receivables after one year
+€335,000
Receivables within one year
-€72,967
Deferred charges and accrued income
-€22,730
Other debts
+€540,000
Accrued charges and deferred income
-€1,724
Investment (derived)
-€335,000
Investment in fixed assets (net)
-€335,000
Financing
-€540,000
Contributions, distributions and other
-€540,000
Cash 2025
€2,550
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,248,513 | €2,343,435 | +€94,922 | +4.2% |
| Fixed assets | 21/28 | €300,000 | €635,000 | +€335,000 | +112% |
| Financial fixed assets | 28 | €300,000 | €635,000 | +€335,000 | +112% |
| Current assets | 29/58 | €1,948,513 | €1,708,435 | -€240,078 | -12.3% |
| Amounts receivable after more than one year | 29 | €335,000 | - | -€335,000 | |
| Other amounts receivable | 291 | €335,000 | - | -€335,000 | |
| Amounts receivable within one year | 40/41 | €1,574,200 | €1,647,166 | +€72,967 | +4.6% |
| Other amounts receivable | 41 | €1,574,200 | €1,647,166 | +€72,967 | +4.6% |
| Cash at bank and in hand | 54/58 | €3,325 | €2,550 | -€775 | -23.3% |
| Deferred charges and accrued income | 490/1 | €35,989 | €58,718 | +€22,730 | +63.2% |
| Total equity and liabilities | 10/49 | €2,248,513 | €2,343,435 | +€94,922 | +4.2% |
| Equity | 10/15 | €2,246,789 | €1,803,435 | -€443,354 | -19.7% |
| Contributions | 10/11 | €1,800,000 | €1,800,000 | = | 0.0% |
| Reserves | 13 | €446,789 | €3,435 | -€443,354 | -99.2% |
| Distributable reserves | 133 | €446,789 | €3,435 | -€443,354 | -99.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,724 | €540,000 | +€538,276 | +31,218% |
| Amounts payable within one year | 42/48 | €0 | €540,000 | +€540,000 | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €540,000 | +€540,000 | |
| Accrued charges and deferred income | 492/3 | €1,724 | €0 | -€1,724 | -100% |
| Other operating charges | 640/8 | €1,250 | €1,086 | -€164 | -13.1% |
| Gross operating margin | 9900 | -€8,234 | -€2,794 | +€5,440 | +66.1% |
| Operating profit (loss) | 9901 | -€9,484 | -€3,881 | +€5,604 | +59.1% |
| Financial income | 75/76B | €105,134 | €100,696 | -€4,437 | -4.2% |
| Recurring financial income | 75 | €105,134 | €100,696 | -€4,437 | -4.2% |
| Financial charges | 65/66B | €382 | €170 | -€212 | -55.6% |
| Recurring financial charges | 65 | €382 | €170 | -€212 | -55.6% |
| Profit (loss) for the period before taxes | 9903 | €95,267 | €96,646 | +€1,379 | +1.4% |
| Profit (loss) for the period | 9904 | €95,267 | €96,646 | +€1,379 | +1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €95,267 | €96,646 | +€1,379 | +1.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.