FUTURN B: 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.
FUTURN B
Largest movements
- Stocks and contracts -€10.4m
down €10.4m (-32.4%), from €32.1m to €21.7m
- Receivables within one year +€1.6m
up €1.6m (+1,611%), from €99,255 to €1.7m
of which Trade receivables: +€1.7m
- Cash +€402,094
up €402,094 (+72.9%), from €551,560 to €953,654
mainly Stocks and contracts (+€10.4m) and Advances received (+€3.2m)
- Short-term financial debts -€13.9m
down €13.9m (-65.3%), from €21.3m to €7.4m
- Advances received +€3.2m
new in 2025: €3.2m
- Other debts +€2.5m
up €2.5m (+75,334%), from €3,257 to €2.5m
- Debts after one year -€1.9m
down €1.9m (-23.8%), from €8.1m to €6.2m
- Trade debts +€878,180
up €878,180 (+40.5%), from €2.2m to €3.0m
- Gross operating margin +€786,831
up €786,831, from -€61,266 to €725,564
- Financial charges +€139,486
up €139,486 (+25.0%), from €556,922 to €696,407
- Financial income +€30,698
up €30,698 (+872,091%), from €4 to €30,701
- Provisions +€19,802
up €19,802 (+40.3%), from €49,112 to €68,914
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 | €32,759,374 | €24,364,770 | -€8.4m | -25.6% |
| Current assets | 29/58 | €32,759,374 | €24,364,770 | -€8.4m | -25.6% |
| Stocks and contracts in progress | 3 | €32,096,560 | €21,712,927 | -€10.4m | -32.4% |
| Contracts in progress | 37 | €32,096,560 | €21,712,927 | -€10.4m | -32.4% |
| Amounts receivable within one year | 40/41 | €99,255 | €1,698,189 | +€1.6m | +1,611% |
| Trade receivables | 40 | €19,659 | €1,698,189 | +€1.7m | +8,538% |
| Other amounts receivable | 41 | €79,595 | - | -€79,595 | |
| Cash at bank and in hand | 54/58 | €551,560 | €953,654 | +€402,094 | +72.9% |
| Deferred charges and accrued income | 490/1 | €12,000 | - | -€12,000 | |
| Total equity and liabilities | 10/49 | €32,759,374 | €24,364,770 | -€8.4m | -25.6% |
| Equity | 10/15 | €954,982 | €944,709 | -€10,272 | -1.1% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Capital | 10 | €300,000 | €300,000 | = | 0.0% |
| Issued capital | 100 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €67,000 | €67,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €67,000 | €67,000 | = | 0.0% |
| Legal reserve | 130 | €67,000 | €67,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €587,982 | €577,709 | -€10,272 | -1.7% |
| Provisions and deferred taxes | 16 | €49,112 | €118,026 | +€68,914 | +140% |
| Provisions for liabilities and charges | 160/5 | €49,112 | €118,026 | +€68,914 | +140% |
| Other liabilities and charges | 164/5 | €49,112 | €118,026 | +€68,914 | +140% |
| Amounts payable | 17/49 | €31,755,281 | €23,302,035 | -€8.5m | -26.6% |
| Amounts payable after more than one year | 17 | €8,116,736 | €6,187,500 | -€1.9m | -23.8% |
| Other amounts payable | 178/9 | €8,116,736 | €6,187,500 | -€1.9m | -23.8% |
| Amounts payable within one year | 42/48 | €23,485,687 | €16,170,290 | -€7.3m | -31.1% |
| Financial debts | 43 | €21,312,000 | €7,400,000 | -€13.9m | -65.3% |
| Credit institutions | 430/8 | €21,312,000 | €7,400,000 | -€13.9m | -65.3% |
| Trade debts | 44 | €2,166,114 | €3,044,294 | +€878,180 | +40.5% |
| Suppliers | 440/4 | €2,166,114 | €3,044,294 | +€878,180 | +40.5% |
| Advances received on contracts in progress | 46 | - | €3,180,136 | +€3.2m | |
| Taxes, remuneration and social security | 45 | €4,316 | €88,997 | +€84,681 | +1,962% |
| Taxes | 450/3 | €4,316 | €88,997 | +€84,681 | +1,962% |
| Other amounts payable | 47/48 | €3,257 | €2,456,863 | +€2.5m | +75,334% |
| Accrued charges and deferred income | 492/3 | €152,858 | €944,245 | +€791,387 | +518% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €49,112 | €68,914 | +€19,802 | +40.3% |
| Other operating charges | 640/8 | €3,838 | €1,214 | -€2,624 | -68.4% |
| Gross operating margin | 9900 | -€61,266 | €725,564 | +€786,831 | |
| Operating profit (loss) | 9901 | -€114,216 | €655,436 | +€769,652 | |
| Financial income | 75/76B | €4 | €30,701 | +€30,698 | +872,091% |
| Recurring financial income | 75 | €4 | €30,701 | +€30,698 | +872,091% |
| Financial charges | 65/66B | €556,922 | €696,407 | +€139,486 | +25.0% |
| Recurring financial charges | 65 | €556,922 | €696,407 | +€139,486 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | -€671,135 | -€10,270 | +€660,864 | +98.5% |
| Income taxes | 67/77 | €1 | €2 | +€1 | +99.1% |
| Profit (loss) for the period | 9904 | -€671,136 | -€10,272 | +€660,863 | +98.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€671,136 | -€10,272 | +€660,863 | +98.5% |
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 26 October 2026 via checked.be.