FUTURE INVESTMENT: 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 INVESTMENT
Largest movements
- Receivables within one year -€629,246
down €629,246 (-17.8%), from €3.5m to €2.9m
of which Other amounts receivable: -€601,746
- Financial fixed assets +€450,000
up €450,000 (+7.3%), from €6.2m to €6.6m
- Current investments +€340,687
up €340,687 (+12.2%), from €2.8m to €3.1m
- Reserves +€699,666
up €699,666 (+7.9%), from €8.9m to €9.6m
- Tax, wage and social debts -€328,851
down €328,851 (-72.5%), from €453,314 to €124,463
of which Taxes: -€312,947
- Financial income -€848,398
down €848,398 (-63.9%), from €1.3m to €479,394
- Taxes -€143,936
down €143,936 (-67.1%), from €214,497 to €70,562
- Staff costs -€114,808
down €114,808 (-100%), from €114,808 to €0
- Gross operating margin -€90,067
down €90,067 (-22.6%), from €398,947 to €308,880
- Financial charges +€14,608
up €14,608 (+634%), from €2,306 to €16,913
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.
Derived cash bridge
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 | €13,147,335 | €13,395,813 | +€248,478 | +1.9% |
| Fixed assets | 21/28 | €6,181,552 | €6,631,552 | +€450,000 | +7.3% |
| Financial fixed assets | 28 | €6,181,552 | €6,631,552 | +€450,000 | +7.3% |
| Current assets | 29/58 | €6,965,783 | €6,764,261 | -€201,522 | -2.9% |
| Amounts receivable within one year | 40/41 | €3,542,999 | €2,913,754 | -€629,246 | -17.8% |
| Trade receivables | 40 | €70,000 | €42,500 | -€27,500 | -39.3% |
| Other amounts receivable | 41 | €3,472,999 | €2,871,254 | -€601,746 | -17.3% |
| Current investments | 50/53 | €2,783,373 | €3,124,060 | +€340,687 | +12.2% |
| Cash at bank and in hand | 54/58 | €639,411 | €726,447 | +€87,036 | +13.6% |
| Total equity and liabilities | 10/49 | €13,147,335 | €13,395,813 | +€248,478 | +1.9% |
| Equity | 10/15 | €12,448,860 | €13,148,527 | +€699,666 | +5.6% |
| Contributions | 10/11 | €3,560,004 | €3,560,004 | = | 0.0% |
| Reserves | 13 | €8,888,856 | €9,588,522 | +€699,666 | +7.9% |
| Distributable reserves | 133 | €8,888,856 | €9,588,522 | +€699,666 | +7.9% |
| Amounts payable | 17/49 | €698,475 | €247,287 | -€451,189 | -64.6% |
| Amounts payable after more than one year | 17 | €101,493 | €0 | -€101,493 | -100% |
| Financial debts | 170/4 | €101,493 | €0 | -€101,493 | -100% |
| Amounts payable within one year | 42/48 | €596,982 | €247,287 | -€349,696 | -58.6% |
| Current portion of amounts payable after more than one year | 42 | €98,507 | €101,493 | +€2,986 | +3.0% |
| Financial debts | 43 | €25,338 | €20,206 | -€5,131 | -20.3% |
| Credit institutions | 430/8 | €25,338 | €20,206 | -€5,131 | -20.3% |
| Trade debts | 44 | €19,823 | €1,124 | -€18,699 | -94.3% |
| Suppliers | 440/4 | €19,823 | €1,124 | -€18,699 | -94.3% |
| Taxes, remuneration and social security | 45 | €453,314 | €124,463 | -€328,851 | -72.5% |
| Taxes | 450/3 | €435,010 | €122,064 | -€312,947 | -71.9% |
| Remuneration and social security | 454/9 | €18,304 | €2,399 | -€15,904 | -86.9% |
| Remuneration, social security and pensions | 62 | €114,808 | €0 | -€114,808 | -100% |
| Other operating charges | 640/8 | €1,928 | €1,133 | -€795 | -41.2% |
| Gross operating margin | 9900 | €398,947 | €308,880 | -€90,067 | -22.6% |
| Operating profit (loss) | 9901 | €282,211 | €307,747 | +€25,536 | +9.0% |
| Financial income | 75/76B | €1,327,792 | €479,394 | -€848,398 | -63.9% |
| Recurring financial income | 75 | €1,327,792 | €479,394 | -€848,398 | -63.9% |
| Financial charges | 65/66B | €2,306 | €16,913 | +€14,608 | +634% |
| Recurring financial charges | 65 | €2,306 | €16,913 | +€14,608 | +634% |
| Profit (loss) for the period before taxes | 9903 | €1,607,698 | €770,228 | -€837,470 | -52.1% |
| Income taxes | 67/77 | €214,497 | €70,562 | -€143,936 | -67.1% |
| Profit (loss) for the period | 9904 | €1,393,200 | €699,666 | -€693,534 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,393,200 | €699,666 | -€693,534 | -49.8% |
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 29 October 2026 via checked.be.