Futurum M: 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.
Futurum M
Largest movements
- Tangible fixed assets -€221,492
down €221,492 (-14.1%), from €1.6m to €1.4m
of which Assets under construction and advance payments: -€242,377
- Receivables within one year +€156,558
up €156,558 (+1,472%), from €10,633 to €167,191
of which Other amounts receivable: +€160,584
- Debts after one year -€74,244
down €74,244 (-8.6%), from €864,646 to €790,401
of which Financial debts: -€40,005
- Gross operating margin +€21,640
up €21,640 (+33.3%), from €64,960 to €86,600
- Financial income +€7,904
up €7,904 (+2,112%), from €374 to €8,278
- Financial charges -€3,863
down €3,863 (-9.1%), from €42,509 to €38,646
- Other operating charges -€3,669
down €3,669 (-37.1%), from €9,901 to €6,232
- Depreciation -€1,966
down €1,966 (-3.8%), from €51,544 to €49,578
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 | €1,591,769 | €1,523,221 | -€68,548 | -4.3% |
| Fixed assets | 21/28 | €1,575,542 | €1,354,050 | -€221,492 | -14.1% |
| Tangible fixed assets | 22/27 | €1,575,542 | €1,354,050 | -€221,492 | -14.1% |
| Land and buildings | 22 | €1,325,831 | €1,336,755 | +€10,923 | +0.8% |
| Plant, machinery and equipment | 23 | €88 | €70 | -€18 | -19.9% |
| Other tangible fixed assets | 26 | €7,246 | €17,225 | +€9,979 | +138% |
| Assets under construction and advance payments | 27 | €242,377 | - | -€242,377 | |
| Current assets | 29/58 | €16,227 | €169,171 | +€152,944 | +943% |
| Amounts receivable within one year | 40/41 | €10,633 | €167,191 | +€156,558 | +1,472% |
| Trade receivables | 40 | €4,026 | - | -€4,026 | |
| Other amounts receivable | 41 | €6,607 | €167,191 | +€160,584 | +2,430% |
| Cash at bank and in hand | 54/58 | €4,660 | €1,799 | -€2,861 | -61.4% |
| Deferred charges and accrued income | 490/1 | €934 | €181 | -€753 | -80.6% |
| Total equity and liabilities | 10/49 | €1,591,769 | €1,523,221 | -€68,548 | -4.3% |
| Equity | 10/15 | €614,887 | €615,309 | +€422 | +0.1% |
| Contributions | 10/11 | €760,275 | €760,275 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,388 | -€144,966 | +€422 | +0.3% |
| Amounts payable | 17/49 | €976,883 | €907,912 | -€68,971 | -7.1% |
| Amounts payable after more than one year | 17 | €864,646 | €790,401 | -€74,244 | -8.6% |
| Financial debts | 170/4 | €758,577 | €718,571 | -€40,005 | -5.3% |
| Other amounts payable | 178/9 | €106,069 | €71,830 | -€34,239 | -32.3% |
| Amounts payable within one year | 42/48 | €90,793 | €103,823 | +€13,030 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €32,606 | €39,927 | +€7,321 | +22.5% |
| Trade debts | 44 | €0 | €2,218 | +€2,218 | |
| Suppliers | 440/4 | €0 | €2,218 | +€2,218 | |
| Other amounts payable | 47/48 | €58,188 | €61,679 | +€3,491 | +6.0% |
| Accrued charges and deferred income | 492/3 | €21,444 | €13,687 | -€7,757 | -36.2% |
| Non-recurring operating income | 76A | €15,970 | €34,951 | +€18,982 | +119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,544 | €49,578 | -€1,966 | -3.8% |
| Other operating charges | 640/8 | €9,901 | €6,232 | -€3,669 | -37.1% |
| Gross operating margin | 9900 | €64,960 | €86,600 | +€21,640 | +33.3% |
| Operating profit (loss) | 9901 | €3,515 | €30,791 | +€27,275 | +776% |
| Financial income | 75/76B | €374 | €8,278 | +€7,904 | +2,112% |
| Recurring financial income | 75 | €374 | €8,278 | +€7,904 | +2,112% |
| Financial charges | 65/66B | €42,509 | €38,646 | -€3,863 | -9.1% |
| Recurring financial charges | 65 | €42,509 | €38,646 | -€3,863 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€38,620 | €422 | +€39,042 | |
| Profit (loss) for the period | 9904 | -€38,620 | €422 | +€39,042 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,620 | €422 | +€39,042 |
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 24 October 2026 via checked.be.