IN FUNC WE TRUST: 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.
IN FUNC WE TRUST
Largest movements
- Receivables within one year -€33,726
down €33,726 (-96.8%), from €34,858 to €1,132
of which Trade receivables: -€34,032
- Cash -€33,367
down €33,367 (-43.8%), from €76,151 to €42,784
mainly Net result for the year (-€44,188) and Other debts (-€22,555)
- Deferred charges and accrued income -€6,519
down €6,519 (-40.4%), from €16,119 to €9,600
- Tangible fixed assets -€2,629
down €2,629 (-3.0%), from €87,749 to €85,120
of which Land and buildings: -€6,097
- Profit (loss) carried forward -€44,188
down €44,188 (-60.3%), from €73,318 to €29,130
- Other debts -€22,555
down €22,555 (-53.6%), from €42,044 to €19,489
- Debts after one year -€8,224
down €8,224 (-12.2%), from €67,500 to €59,276
- Gross operating margin -€112,951
down €112,951, from €83,971 to -€28,980
- Taxes -€18,888
down €18,888 (-98.6%), from €19,158 to €270
- Other operating charges -€1,219
down €1,219 (-34.6%), from €3,520 to €2,301
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 | €214,877 | €138,636 | -€76,241 | -35.5% |
| Fixed assets | 21/28 | €87,749 | €85,120 | -€2,629 | -3.0% |
| Tangible fixed assets | 22/27 | €87,749 | €85,120 | -€2,629 | -3.0% |
| Land and buildings | 22 | €81,462 | €75,365 | -€6,097 | -7.5% |
| Plant, machinery and equipment | 23 | €473 | €325 | -€148 | -31.3% |
| Furniture and vehicles | 24 | €5,814 | €2,387 | -€3,427 | -58.9% |
| Other tangible fixed assets | 26 | - | €7,043 | +€7,043 | |
| Current assets | 29/58 | €127,128 | €53,516 | -€73,612 | -57.9% |
| Amounts receivable within one year | 40/41 | €34,858 | €1,132 | -€33,726 | -96.8% |
| Trade receivables | 40 | €34,373 | €341 | -€34,032 | -99.0% |
| Other amounts receivable | 41 | €485 | €791 | +€306 | +63.1% |
| Cash at bank and in hand | 54/58 | €76,151 | €42,784 | -€33,367 | -43.8% |
| Deferred charges and accrued income | 490/1 | €16,119 | €9,600 | -€6,519 | -40.4% |
| Total equity and liabilities | 10/49 | €214,877 | €138,636 | -€76,241 | -35.5% |
| Equity | 10/15 | €87,578 | €43,390 | -€44,188 | -50.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 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 | €73,318 | €29,130 | -€44,188 | -60.3% |
| Amounts payable | 17/49 | €127,299 | €95,246 | -€32,053 | -25.2% |
| Amounts payable after more than one year | 17 | €67,500 | €59,276 | -€8,224 | -12.2% |
| Financial debts | 170/4 | €67,500 | €59,276 | -€8,224 | -12.2% |
| Amounts payable within one year | 42/48 | €59,733 | €35,903 | -€23,830 | -39.9% |
| Current portion of amounts payable after more than one year | 42 | €8,060 | €8,224 | +€164 | +2.0% |
| Trade debts | 44 | €3,554 | €2,761 | -€793 | -22.3% |
| Suppliers | 440/4 | €3,554 | €2,761 | -€793 | -22.3% |
| Taxes, remuneration and social security | 45 | €6,075 | €5,429 | -€646 | -10.6% |
| Taxes | 450/3 | €6,075 | €5,429 | -€646 | -10.6% |
| Other amounts payable | 47/48 | €42,044 | €19,489 | -€22,555 | -53.6% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,284 | €10,860 | +€576 | +5.6% |
| Other operating charges | 640/8 | €3,520 | €2,301 | -€1,219 | -34.6% |
| Gross operating margin | 9900 | €83,971 | -€28,980 | -€112,951 | |
| Operating profit (loss) | 9901 | €70,167 | -€42,141 | -€112,308 | |
| Financial charges | 65/66B | €2,055 | €1,777 | -€278 | -13.5% |
| Recurring financial charges | 65 | €2,055 | €1,777 | -€278 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €68,112 | -€43,918 | -€112,030 | |
| Income taxes | 67/77 | €19,158 | €270 | -€18,888 | -98.6% |
| Profit (loss) for the period | 9904 | €48,954 | -€44,188 | -€93,142 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,954 | -€44,188 | -€93,142 |
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 16 October 2026 via checked.be.