FUTURO: 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.
FUTURO
Largest movements
- Cash +€146,219
up €146,219 (+190.4%), from €76,788 to €223,008
mainly Net result for the year (+€92,431) and Depreciation (+€63,025)
- Tangible fixed assets -€56,680
down €56,680 (-6.0%), from €940,937 to €884,257
- Reserves +€92,431
up €92,431 (+117.0%), from €78,983 to €171,414
of which Distributable reserves: +€92,431
- Gross operating margin +€22,341
up €22,341 (+15.1%), from €148,364 to €170,705
- Financial charges -€13,012
down €13,012 (-98.4%), from €13,227 to €215
of which Financial charges: -€10,447
- Taxes +€9,243
new in 2025: €9,243
- Financial income +€4,871
up €4,871 (+47.1%), from €10,348 to €15,219
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 | €1,418,838 | €1,522,128 | +€103,290 | +7.3% |
| Fixed assets | 21/28 | €940,937 | €884,257 | -€56,680 | -6.0% |
| Tangible fixed assets | 22/27 | €940,937 | €884,257 | -€56,680 | -6.0% |
| Land and buildings | 22 | €940,937 | €884,257 | -€56,680 | -6.0% |
| Current assets | 29/58 | €477,901 | €637,872 | +€159,971 | +33.5% |
| Amounts receivable after more than one year | 29 | €282,213 | €282,213 | = | 0.0% |
| Other amounts receivable | 291 | €282,213 | €282,213 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €105,078 | €114,412 | +€9,334 | +8.9% |
| Trade receivables | 40 | €2,165 | - | -€2,165 | |
| Other amounts receivable | 41 | €102,913 | €114,412 | +€11,499 | +11.2% |
| Cash at bank and in hand | 54/58 | €76,788 | €223,008 | +€146,219 | +190.4% |
| Deferred charges and accrued income | 490/1 | €13,821 | €18,238 | +€4,417 | +32.0% |
| Total equity and liabilities | 10/49 | €1,418,838 | €1,522,128 | +€103,290 | +7.3% |
| Equity | 10/15 | €1,234,651 | €1,327,082 | +€92,431 | +7.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €78,983 | €171,414 | +€92,431 | +117.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,500 | €23,500 | = | 0.0% |
| Distributable reserves | 133 | €49,286 | €141,717 | +€92,431 | +187.5% |
| Profit (loss) carried forward | 14 | €1,093,695 | €1,093,695 | = | 0.0% |
| Amounts payable | 17/49 | €184,187 | €195,047 | +€10,860 | +5.9% |
| Amounts payable within one year | 42/48 | €13,941 | €24,800 | +€10,860 | +77.9% |
| Trade debts | 44 | - | €716 | +€716 | |
| Suppliers | 440/4 | - | €716 | +€716 | |
| Taxes, remuneration and social security | 45 | - | €9,243 | +€9,243 | |
| Taxes | 450/3 | - | €9,243 | +€9,243 | |
| Other amounts payable | 47/48 | €13,941 | €14,841 | +€900 | +6.5% |
| Accrued charges and deferred income | 492/3 | €170,246 | €170,246 | = | 0.0% |
| Non-recurring operating income | 76A | - | €15,660 | +€15,660 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,057 | €63,025 | -€1,032 | -1.6% |
| Other operating charges | 640/8 | €20,373 | €21,011 | +€638 | +3.1% |
| Non-recurring operating charges | 66A | €99,438 | - | -€99,438 | |
| Gross operating margin | 9900 | €148,364 | €170,705 | +€22,341 | +15.1% |
| Operating profit (loss) | 9901 | -€35,503 | €86,669 | +€122,172 | |
| Financial income | 75/76B | €10,348 | €15,219 | +€4,871 | +47.1% |
| Recurring financial income | 75 | €10,348 | €15,219 | +€4,871 | +47.1% |
| Financial charges | 65/66B | €13,227 | €215 | -€13,012 | -98.4% |
| Recurring financial charges | 65 | €10,662 | €215 | -€10,447 | -98.0% |
| Non-recurring financial charges | 66B | €2,565 | - | -€2,565 | |
| Profit (loss) for the period before taxes | 9903 | -€38,382 | €101,674 | +€140,056 | |
| Income taxes | 67/77 | - | €9,243 | +€9,243 | |
| Profit (loss) for the period | 9904 | -€38,382 | €92,431 | +€130,813 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,382 | €92,431 | +€130,813 |
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 4 October 2026 via checked.be.