Futurum Projects: 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.
What changed
Futurum Projects
NACE 43.320, Joinery installation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€8,254
2024 · €16,425-€8,170
Equity
€748,501
2024 · €744,681+€3,821
Cash
€154,623
2024 · €53,319+€101,304
Balance sheet total
€1.3m
2024 · €1.1m+€238,711
Largest movements
Assets
- Tangible fixed assets +€133,521
up €133,521 (+13.5%), from €992,401 to €1.1m
of which Land and buildings: +€173,516
- Cash +€101,304
up €101,304 (+190%), from €53,319 to €154,623
mainly Debts after one year (+€250,825) and Depreciation (+€65,348)
Equity and liabilities
- Debts after one year +€250,825
up €250,825 (+111%), from €225,000 to €475,825
- Other debts -€28,650
no longer reported in 2025 (was €28,650)
Income statement
- Financial charges +€16,123
up €16,123 (+236%), from €6,828 to €22,951
- Gross operating margin +€10,474
up €10,474 (+9.9%), from €105,345 to €115,819
- Depreciation +€9,285
up €9,285 (+16.6%), from €56,063 to €65,348
- Taxes -€4,439
down €4,439 (-50.0%), from €8,878 to €4,438
- Other operating charges +€2,651
up €2,651 (+14.6%), from €18,156 to €20,807
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.
Result 2024
€16,425
Gross operating margin
+€10,474
Staff costs
+€263
Depreciation
-€9,285
Other operating charges
-€2,651
Financial income
+€278
Financial charges
-€16,123
Taxes
+€4,439
Deferred taxes and other
+€4,433
Result 2025
€8,254
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€49,648
Investment
-€198,869
Financing
+€250,524
Cash 2024
€53,319
From operations (derived)
+€49,648
Net result for the year
+€8,254
Depreciation
+€65,348
Stocks and contracts
-€1,110
Receivables within one year
-€1,938
Deferred charges and accrued income
-€840
Provisions
-€1,478
Trade debts
+€5,945
Tax, wage and social debts
+€4,116
Other debts
-€28,650
Investment (derived)
-€198,869
Investment in fixed assets (net)
-€198,869
Financing
+€250,524
Debts after one year
+€250,825
Current portion of long-term debt
+€4,133
Contributions, distributions and other
-€4,433
Cash 2025
€154,623
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,090,589 | €1,329,300 | +€238,711 | +21.9% |
| Fixed assets | 21/28 | €992,401 | €1,125,922 | +€133,521 | +13.5% |
| Tangible fixed assets | 22/27 | €992,401 | €1,125,922 | +€133,521 | +13.5% |
| Land and buildings | 22 | €864,827 | €1,038,343 | +€173,516 | +20.1% |
| Plant, machinery and equipment | 23 | €123,923 | €86,083 | -€37,840 | -30.5% |
| Furniture and vehicles | 24 | €3,651 | €1,496 | -€2,155 | -59.0% |
| Current assets | 29/58 | €98,187 | €203,378 | +€105,190 | +107% |
| Stocks and contracts in progress | 3 | €3,361 | €4,471 | +€1,110 | +33.0% |
| Stocks | 30/36 | €3,361 | €4,471 | +€1,110 | +33.0% |
| Amounts receivable within one year | 40/41 | €32,272 | €34,210 | +€1,938 | +6.0% |
| Trade receivables | 40 | €12,037 | €17,288 | +€5,251 | +43.6% |
| Other amounts receivable | 41 | €20,235 | €16,922 | -€3,313 | -16.4% |
| Cash at bank and in hand | 54/58 | €53,319 | €154,623 | +€101,304 | +190% |
| Deferred charges and accrued income | 490/1 | €9,234 | €10,074 | +€840 | +9.1% |
| Total equity and liabilities | 10/49 | €1,090,589 | €1,329,300 | +€238,711 | +21.9% |
| Equity | 10/15 | €744,681 | €748,501 | +€3,821 | +0.5% |
| Contributions | 10/11 | €196,838 | €196,838 | = | 0.0% |
| Capital | 10 | €156,770 | €156,770 | = | 0.0% |
| Issued capital | 100 | €156,770 | €156,770 | = | 0.0% |
| Contributions outside capital | 11 | €40,068 | €40,068 | = | 0.0% |
| Share premium | 1100/10 | €40,068 | €40,068 | = | 0.0% |
| Reserves | 13 | €547,842 | €551,663 | +€3,821 | +0.7% |
| Non-distributable reserves | 130/1 | €15,677 | €15,677 | = | 0.0% |
| Legal reserve | 130 | €15,677 | €15,677 | = | 0.0% |
| Tax-exempt reserves | 132 | €86,842 | €80,931 | -€5,911 | -6.8% |
| Distributable reserves | 133 | €445,323 | €455,055 | +€9,732 | +2.2% |
| Provisions and deferred taxes | 16 | €73,840 | €72,363 | -€1,478 | -2.0% |
| Provisions for liabilities and charges | 160/5 | €52,130 | €52,130 | = | 0.0% |
| Pensions and similar obligations | 160 | €52,130 | €52,130 | = | 0.0% |
| Deferred taxes | 168 | €21,710 | €20,233 | -€1,478 | -6.8% |
| Amounts payable | 17/49 | €272,068 | €508,436 | +€236,368 | +86.9% |
| Amounts payable after more than one year | 17 | €225,000 | €475,825 | +€250,825 | +111% |
| Financial debts | 170/4 | €225,000 | €475,825 | +€250,825 | +111% |
| Amounts payable within one year | 42/48 | €47,068 | €32,611 | -€14,457 | -30.7% |
| Current portion of amounts payable after more than one year | 42 | €14,105 | €18,237 | +€4,133 | +29.3% |
| Trade debts | 44 | €2,619 | €8,564 | +€5,945 | +227% |
| Suppliers | 440/4 | €2,619 | €8,564 | +€5,945 | +227% |
| Taxes, remuneration and social security | 45 | €1,693 | €5,809 | +€4,116 | +243% |
| Taxes | 450/3 | €1,693 | €5,809 | +€4,116 | +243% |
| Other amounts payable | 47/48 | €28,650 | - | -€28,650 | |
| Remuneration, social security and pensions | 62 | €480 | €216 | -€263 | -54.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,063 | €65,348 | +€9,285 | +16.6% |
| Other operating charges | 640/8 | €18,156 | €20,807 | +€2,651 | +14.6% |
| Gross operating margin | 9900 | €105,345 | €115,819 | +€10,474 | +9.9% |
| Operating profit (loss) | 9901 | €30,647 | €29,448 | -€1,199 | -3.9% |
| Financial income | 75/76B | €6 | €285 | +€278 | +4,470% |
| Recurring financial income | 75 | €6 | €285 | +€278 | +4,470% |
| Financial charges | 65/66B | €6,828 | €22,951 | +€16,123 | +236% |
| Recurring financial charges | 65 | €6,828 | €22,951 | +€16,123 | +236% |
| Profit (loss) for the period before taxes | 9903 | €23,824 | €6,781 | -€17,043 | -71.5% |
| Transfer from deferred taxes | 780 | €1,478 | €5,911 | +€4,433 | +300% |
| Income taxes | 67/77 | €8,878 | €4,438 | -€4,439 | -50.0% |
| Profit (loss) for the period | 9904 | €16,425 | €8,254 | -€8,170 | -49.7% |
| Transfer from tax-exempt reserves | 789 | €5,911 | €1,478 | -€4,433 | -75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,336 | €9,732 | -€12,604 | -56.4% |
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 15 October 2026 via checked.be.