FUTURE NET: what changed
FUTURE NET
Largest movements
- Receivables within one year +€7,172
up €7,172 (+36.1%), from €19,846 to €27,018
of which Trade receivables: +€12,172
- Tangible fixed assets -€3,321
down €3,321 (-1.8%), from €181,274 to €177,953
of which Furniture and vehicles: -€3,321
- Cash +€2,935
up €2,935 (+39.4%), from €7,459 to €10,394
mainly Net result for the year (+€11,782) and Other debts (+€7,603)
- Profit (loss) carried forward +€11,782
up €11,782 (+36.1%), from -€32,653 to -€20,871
- Debts after one year -€9,134
down €9,134 (-9.2%), from €99,627 to €90,493
- Other debts +€7,603
up €7,603 (+8.7%), from €87,722 to €95,325
- Gross operating margin +€33,911
up €33,911 (+166%), from €20,425 to €54,336
- Taxes +€30,504
new in 2025: €30,504
- Other operating charges +€1,532
up €1,532 (+94.6%), from €1,621 to €3,153
- Financial income +€1,213
up €1,213 (+1,521%), from €80 to €1,292
of which Non-recurring financial income: +€1,267
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €240,134 | €247,109 | +€6,974 | +2.9% |
| Fixed assets | 21/28 | €181,274 | €177,953 | -€3,321 | -1.8% |
| Tangible fixed assets | 22/27 | €181,274 | €177,953 | -€3,321 | -1.8% |
| Land and buildings | 22 | €167,990 | €167,990 | = | 0.0% |
| Furniture and vehicles | 24 | €13,284 | €9,963 | -€3,321 | -25.0% |
| Current assets | 29/58 | €58,860 | €69,155 | +€10,295 | +17.5% |
| Stocks and contracts in progress | 3 | €31,555 | €31,631 | +€76 | +0.2% |
| Stocks | 30/36 | €31,555 | €31,631 | +€76 | +0.2% |
| Amounts receivable within one year | 40/41 | €19,846 | €27,018 | +€7,172 | +36.1% |
| Trade receivables | 40 | €14,847 | €27,018 | +€12,172 | +82.0% |
| Other amounts receivable | 41 | €4,999 | €0 | -€4,999 | -100% |
| Cash at bank and in hand | 54/58 | €7,459 | €10,394 | +€2,935 | +39.4% |
| Deferred charges and accrued income | 490/1 | - | €112 | +€112 | |
| Total equity and liabilities | 10/49 | €240,134 | €247,109 | +€6,974 | +2.9% |
| Equity | 10/15 | -€12,193 | -€411 | +€11,782 | +96.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,653 | -€20,871 | +€11,782 | +36.1% |
| Amounts payable | 17/49 | €252,327 | €247,519 | -€4,808 | -1.9% |
| Amounts payable after more than one year | 17 | €99,627 | €90,493 | -€9,134 | -9.2% |
| Financial debts | 170/4 | €99,627 | €90,493 | -€9,134 | -9.2% |
| Amounts payable within one year | 42/48 | €152,700 | €157,026 | +€4,326 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €8,908 | €9,134 | +€226 | +2.5% |
| Financial debts | 43 | €1,065 | €0 | -€1,065 | -100% |
| Credit institutions | 430/8 | €1,065 | €0 | -€1,065 | -100% |
| Trade debts | 44 | €52,970 | €51,263 | -€1,707 | -3.2% |
| Suppliers | 440/4 | €52,970 | €51,263 | -€1,707 | -3.2% |
| Taxes, remuneration and social security | 45 | €2,035 | €1,304 | -€731 | -35.9% |
| Taxes | 450/3 | €2,035 | €1,304 | -€731 | -35.9% |
| Other amounts payable | 47/48 | €87,722 | €95,325 | +€7,603 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,321 | €3,321 | = | 0.0% |
| Other operating charges | 640/8 | €1,621 | €3,153 | +€1,532 | +94.6% |
| Gross operating margin | 9900 | €20,425 | €54,336 | +€33,911 | +166% |
| Operating profit (loss) | 9901 | €15,483 | €47,862 | +€32,379 | +209% |
| Financial income | 75/76B | €80 | €1,292 | +€1,213 | +1,521% |
| Recurring financial income | 75 | €80 | €25 | -€54 | -68.1% |
| Non-recurring financial income | 76B | - | €1,267 | +€1,267 | |
| Financial charges | 65/66B | €6,463 | €6,868 | +€405 | +6.3% |
| Recurring financial charges | 65 | €6,463 | €6,868 | +€405 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €9,100 | €42,286 | +€33,187 | +365% |
| Income taxes | 67/77 | - | €30,504 | +€30,504 | |
| Profit (loss) for the period | 9904 | €9,100 | €11,782 | +€2,683 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,100 | €11,782 | +€2,683 | +29.5% |
Next steps
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 7 November 2026 via checked.be.