Future Hotspots: 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.
Future Hotspots
Largest movements
- Tangible fixed assets -€25,453
down €25,453 (-22.8%), from €111,842 to €86,390
of which Other tangible fixed assets: -€17,080
- Receivables within one year -€10,224
down €10,224 (-56.8%), from €17,994 to €7,770
of which Other amounts receivable: -€7,036
- Financial fixed assets -€3,000
no longer reported in 2025 (was €3,000)
- Cash +€2,262
up €2,262 (+9.8%), from €23,018 to €25,279
mainly Other debts (+€27,614) and Depreciation (+€25,453)
- Other debts +€27,614
up €27,614 (+542.0%), from €5,095 to €32,709
- Trade debts -€21,897
down €21,897 (-30.6%), from €71,542 to €49,645
- Current portion of long-term debt -€14,500
down €14,500 (-51.6%), from €28,081 to €13,581
- Profit (loss) carried forward -€13,926
down €13,926 (-22.0%), from -€63,233 to -€77,159
- Tax, wage and social debts -€12,393
down €12,393 (-26.6%), from €46,505 to €34,111
of which Taxes: -€12,984
- Staff costs +€30,564
up €30,564 (+10.4%), from €293,406 to €323,970
- Gross operating margin -€21,983
down €21,983 (-5.9%), from €372,189 to €350,206
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 | €169,970 | €133,504 | -€36,467 | -21.5% |
| Fixed assets | 21/28 | €114,842 | €86,390 | -€28,453 | -24.8% |
| Tangible fixed assets | 22/27 | €111,842 | €86,390 | -€25,453 | -22.8% |
| Plant, machinery and equipment | 23 | €30,957 | €23,023 | -€7,934 | -25.6% |
| Furniture and vehicles | 24 | €789 | €350 | -€439 | -55.6% |
| Other tangible fixed assets | 26 | €80,097 | €63,017 | -€17,080 | -21.3% |
| Financial fixed assets | 28 | €3,000 | - | -€3,000 | |
| Current assets | 29/58 | €55,128 | €47,114 | -€8,014 | -14.5% |
| Stocks and contracts in progress | 3 | €13,181 | €14,036 | +€855 | +6.5% |
| Stocks | 30/36 | €13,181 | €14,036 | +€855 | +6.5% |
| Amounts receivable within one year | 40/41 | €17,994 | €7,770 | -€10,224 | -56.8% |
| Trade receivables | 40 | €6,076 | €2,888 | -€3,188 | -52.5% |
| Other amounts receivable | 41 | €11,918 | €4,882 | -€7,036 | -59.0% |
| Cash at bank and in hand | 54/58 | €23,018 | €25,279 | +€2,262 | +9.8% |
| Deferred charges and accrued income | 490/1 | €936 | €29 | -€907 | -96.9% |
| Total equity and liabilities | 10/49 | €169,970 | €133,504 | -€36,467 | -21.5% |
| Equity | 10/15 | -€21,034 | -€34,960 | -€13,926 | -66.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €2,199 | €2,199 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,199 | €2,199 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,199 | €2,199 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,233 | -€77,159 | -€13,926 | -22.0% |
| Amounts payable | 17/49 | €191,005 | €168,464 | -€22,541 | -11.8% |
| Amounts payable after more than one year | 17 | €39,782 | €37,402 | -€2,380 | -6.0% |
| Financial debts | 170/4 | €39,782 | €37,402 | -€2,380 | -6.0% |
| Amounts payable within one year | 42/48 | €151,223 | €130,046 | -€21,177 | -14.0% |
| Current portion of amounts payable after more than one year | 42 | €28,081 | €13,581 | -€14,500 | -51.6% |
| Trade debts | 44 | €71,542 | €49,645 | -€21,897 | -30.6% |
| Suppliers | 440/4 | €71,542 | €49,645 | -€21,897 | -30.6% |
| Taxes, remuneration and social security | 45 | €46,505 | €34,111 | -€12,393 | -26.6% |
| Taxes | 450/3 | €19,047 | €6,063 | -€12,984 | -68.2% |
| Remuneration and social security | 454/9 | €27,457 | €28,049 | +€591 | +2.2% |
| Other amounts payable | 47/48 | €5,095 | €32,709 | +€27,614 | +542.0% |
| Accrued charges and deferred income | 492/3 | - | €1,016 | +€1,016 | |
| Non-recurring operating income | 76A | €1,105 | - | -€1,105 | |
| Remuneration, social security and pensions | 62 | €293,406 | €323,970 | +€30,564 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,545 | €25,453 | -€1,093 | -4.1% |
| Other operating charges | 640/8 | €4,817 | €5,170 | +€353 | +7.3% |
| Gross operating margin | 9900 | €372,189 | €350,206 | -€21,983 | -5.9% |
| Operating profit (loss) | 9901 | €47,420 | -€4,387 | -€51,807 | |
| Financial income | 75/76B | €926 | €631 | -€295 | -31.8% |
| Recurring financial income | 75 | €926 | €631 | -€295 | -31.8% |
| Financial charges | 65/66B | €12,241 | €10,170 | -€2,071 | -16.9% |
| Recurring financial charges | 65 | €12,241 | €10,170 | -€2,071 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €36,105 | -€13,925 | -€50,030 | |
| Income taxes | 67/77 | €0 | €0 | +€0 | +31.0% |
| Profit (loss) for the period | 9904 | €36,105 | -€13,926 | -€50,030 | |
| Profit (loss) for the period to be appropriated | 9905 | €36,105 | -€13,926 | -€50,030 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.