FUTURE IMPACT: 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 IMPACT
Largest movements
- Current investments +€777,633
up €777,633 (+50.3%), from €1.5m to €2.3m
- Cash -€549,702
down €549,702 (-58.7%), from €936,408 to €386,706
mainly Current investments (-€777,633) and Other debts (-€60,152)
- Tangible fixed assets -€61,476
down €61,476 (-16.6%), from €371,033 to €309,557
of which Other tangible fixed assets: -€37,984
- Reserves +€249,100
up €249,100 (+5.9%), from €4.2m to €4.5m
- Other debts -€60,152
down €60,152 (-12.7%), from €472,929 to €412,778
- Financial income +€99,810
up €99,810 (+55.6%), from €179,566 to €279,377
- Depreciation +€19,838
up €19,838 (+21.0%), from €94,340 to €114,178
- Taxes +€8,539
up €8,539 (+39.5%), from €21,611 to €30,150
- Financial charges +€6,875
up €6,875, from -€6,480 to €395
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 | €4,896,414 | €5,053,364 | +€156,950 | +3.2% |
| Fixed assets | 21/28 | €2,235,033 | €2,164,557 | -€70,476 | -3.2% |
| Tangible fixed assets | 22/27 | €371,033 | €309,557 | -€61,476 | -16.6% |
| Plant, machinery and equipment | 23 | €7,814 | €3,072 | -€4,742 | -60.7% |
| Furniture and vehicles | 24 | €24,069 | €5,319 | -€18,750 | -77.9% |
| Other tangible fixed assets | 26 | €339,150 | €301,165 | -€37,984 | -11.2% |
| Financial fixed assets | 28 | €1,864,000 | €1,855,000 | -€9,000 | -0.5% |
| Current assets | 29/58 | €2,661,382 | €2,888,808 | +€227,426 | +8.5% |
| Stocks and contracts in progress | 3 | €4,443 | €5,358 | +€916 | +20.6% |
| Stocks | 30/36 | €4,443 | €5,358 | +€916 | +20.6% |
| Amounts receivable within one year | 40/41 | €174,277 | €172,856 | -€1,421 | -0.8% |
| Trade receivables | 40 | €24,277 | €22,856 | -€1,421 | -5.9% |
| Other amounts receivable | 41 | €150,000 | €150,000 | = | 0.0% |
| Current investments | 50/53 | €1,545,662 | €2,323,296 | +€777,633 | +50.3% |
| Cash at bank and in hand | 54/58 | €936,408 | €386,706 | -€549,702 | -58.7% |
| Deferred charges and accrued income | 490/1 | €591 | €591 | = | 0.0% |
| Total equity and liabilities | 10/49 | €4,896,414 | €5,053,364 | +€156,950 | +3.2% |
| Equity | 10/15 | €4,363,099 | €4,612,208 | +€249,110 | +5.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,214,805 | €4,463,905 | +€249,100 | +5.9% |
| Distributable reserves | 133 | €4,214,805 | €4,463,905 | +€249,100 | +5.9% |
| Profit (loss) carried forward | 14 | €142,094 | €142,103 | +€10 | 0.0% |
| Amounts payable | 17/49 | €533,316 | €441,156 | -€92,160 | -17.3% |
| Amounts payable within one year | 42/48 | €533,316 | €441,156 | -€92,160 | -17.3% |
| Trade debts | 44 | €47,856 | €4,337 | -€43,518 | -90.9% |
| Suppliers | 440/4 | €47,856 | €4,337 | -€43,518 | -90.9% |
| Taxes, remuneration and social security | 45 | €12,531 | €24,041 | +€11,511 | +91.9% |
| Taxes | 450/3 | €12,531 | €24,041 | +€11,511 | +91.9% |
| Other amounts payable | 47/48 | €472,929 | €412,778 | -€60,152 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,340 | €114,178 | +€19,838 | +21.0% |
| Other operating charges | 640/8 | €6,772 | €6,999 | +€227 | +3.3% |
| Non-recurring operating charges | 66A | €31,815 | €0 | -€31,815 | -100.0% |
| Gross operating margin | 9900 | €122,151 | €121,455 | -€697 | -0.6% |
| Operating profit (loss) | 9901 | -€10,776 | €278 | +€11,054 | |
| Financial income | 75/76B | €179,566 | €279,377 | +€99,810 | +55.6% |
| Recurring financial income | 75 | €179,566 | €279,377 | +€99,810 | +55.6% |
| Financial charges | 65/66B | -€6,480 | €395 | +€6,875 | |
| Recurring financial charges | 65 | -€6,480 | €395 | +€6,875 | |
| Profit (loss) for the period before taxes | 9903 | €175,270 | €279,260 | +€103,990 | +59.3% |
| Income taxes | 67/77 | €21,611 | €30,150 | +€8,539 | +39.5% |
| Profit (loss) for the period | 9904 | €153,659 | €249,110 | +€95,450 | +62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €153,659 | €249,110 | +€95,450 | +62.1% |
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 7 October 2026 via checked.be.