NOFUTURLUTUTU: 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.
NOFUTURLUTUTU
Largest movements
- Tangible fixed assets -€6,637
down €6,637 (-33.6%), from €19,777 to €13,139
of which Other tangible fixed assets: -€3,768
- Deferred charges and accrued income -€3,125
down €3,125 (-97.3%), from €3,211 to €87
- Cash -€1,776
down €1,776 (-5.3%), from €33,425 to €31,649
mainly Net result for the year (-€8,046) and Trade debts (-€2,541)
- Receivables within one year -€1,607
down €1,607 (-48.8%), from €3,292 to €1,686
of which Other amounts receivable: -€1,890
- Profit (loss) carried forward -€8,046
down €8,046, from €3,971 to -€4,075
- Trade debts -€2,541
down €2,541 (-51.8%), from €4,907 to €2,367
- Current portion of long-term debt -€1,756
no longer reported in 2025 (was €1,756)
- Investment grants -€861
down €861 (-25.0%), from €3,442 to €2,582
- Gross operating margin -€30,247
down €30,247 (-32.0%), from €94,621 to €64,373
- Staff costs -€12,324
down €12,324 (-16.6%), from €74,161 to €61,837
- Depreciation -€5,298
down €5,298 (-42.0%), from €12,606 to €7,308
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 | €71,421 | €58,650 | -€12,771 | -17.9% |
| Fixed assets | 21/28 | €26,433 | €19,841 | -€6,592 | -24.9% |
| Tangible fixed assets | 22/27 | €19,777 | €13,139 | -€6,637 | -33.6% |
| Plant, machinery and equipment | 23 | - | €626 | +€626 | |
| Furniture and vehicles | 24 | €4,317 | €822 | -€3,495 | -81.0% |
| Other tangible fixed assets | 26 | €15,459 | €11,691 | -€3,768 | -24.4% |
| Financial fixed assets | 28 | €6,656 | €6,701 | +€45 | +0.7% |
| Current assets | 29/58 | €44,988 | €38,809 | -€6,179 | -13.7% |
| Stocks and contracts in progress | 3 | €5,059 | €5,387 | +€328 | +6.5% |
| Stocks | 30/36 | €5,059 | €5,387 | +€328 | +6.5% |
| Amounts receivable within one year | 40/41 | €3,292 | €1,686 | -€1,607 | -48.8% |
| Trade receivables | 40 | €175 | €458 | +€283 | +162% |
| Other amounts receivable | 41 | €3,118 | €1,228 | -€1,890 | -60.6% |
| Cash at bank and in hand | 54/58 | €33,425 | €31,649 | -€1,776 | -5.3% |
| Deferred charges and accrued income | 490/1 | €3,211 | €87 | -€3,125 | -97.3% |
| Total equity and liabilities | 10/49 | €71,421 | €58,650 | -€12,771 | -17.9% |
| Equity | 10/15 | €57,414 | €48,507 | -€8,907 | -15.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,971 | -€4,075 | -€8,046 | |
| Investment grants | 15 | €3,442 | €2,582 | -€861 | -25.0% |
| Amounts payable | 17/49 | €14,007 | €10,143 | -€3,864 | -27.6% |
| Amounts payable within one year | 42/48 | €14,001 | €10,143 | -€3,858 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €1,756 | - | -€1,756 | |
| Trade debts | 44 | €4,907 | €2,367 | -€2,541 | -51.8% |
| Suppliers | 440/4 | €4,907 | €2,367 | -€2,541 | -51.8% |
| Taxes, remuneration and social security | 45 | €6,020 | €6,029 | +€9 | +0.2% |
| Taxes | 450/3 | €2,162 | €3,953 | +€1,791 | +82.9% |
| Remuneration and social security | 454/9 | €3,858 | €2,076 | -€1,782 | -46.2% |
| Other amounts payable | 47/48 | €1,318 | €1,747 | +€429 | +32.6% |
| Accrued charges and deferred income | 492/3 | €6 | - | -€6 | |
| Non-recurring operating income | 76A | €710 | - | -€710 | |
| Remuneration, social security and pensions | 62 | €74,161 | €61,837 | -€12,324 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,606 | €7,308 | -€5,298 | -42.0% |
| Other operating charges | 640/8 | €1,495 | €1,651 | +€156 | +10.4% |
| Non-recurring operating charges | 66A | €1,893 | - | -€1,893 | |
| Gross operating margin | 9900 | €94,621 | €64,373 | -€30,247 | -32.0% |
| Operating profit (loss) | 9901 | €4,465 | -€6,423 | -€10,888 | |
| Financial income | 75/76B | €1,069 | €1,034 | -€34 | -3.2% |
| Recurring financial income | 75 | €1,065 | €1,034 | -€32 | -3.0% |
| Non-recurring financial income | 76B | €3 | €1 | -€3 | -77.5% |
| Financial charges | 65/66B | €2,801 | €2,667 | -€133 | -4.8% |
| Recurring financial charges | 65 | €2,733 | €2,650 | -€83 | -3.1% |
| Non-recurring financial charges | 66B | €67 | €17 | -€50 | -74.4% |
| Profit (loss) for the period before taxes | 9903 | €2,733 | -€8,056 | -€10,789 | |
| Income taxes | 67/77 | €12 | -€10 | -€21 | |
| Profit (loss) for the period | 9904 | €2,722 | -€8,046 | -€10,768 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,722 | -€8,046 | -€10,768 |
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 18 October 2026 via checked.be.