The Future Alliance: 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.
The Future Alliance
Largest movements
- Receivables within one year -€147,362
down €147,362 (-54.9%), from €268,260 to €120,897
of which Trade receivables: -€141,685
- Cash -€21,527
down €21,527 (-29.3%), from €73,431 to €51,904
mainly Net result for the year (-€112,938) and Trade debts (-€47,592)
- Tangible fixed assets -€7,282
down €7,282 (-27.7%), from €26,291 to €19,009
of which Leasing and similar rights: -€7,121
- Intangible fixed assets -€5,292
down €5,292 (-80.0%), from €6,615 to €1,323
- Profit (loss) carried forward -€112,938
down €112,938 (-33.0%), from -€342,287 to -€455,225
- Trade debts -€47,592
down €47,592 (-26.3%), from €180,685 to €133,093
- Tax, wage and social debts -€25,626
down €25,626 (-57.7%), from €44,383 to €18,757
of which Remuneration and social security: -€20,369
- Accrued charges and deferred income +€10,734
up €10,734 (+82.1%), from €13,076 to €23,810
- Debts after one year -€7,221
down €7,221 (-2.0%), from €370,066 to €362,845
- Gross operating margin -€188,968
down €188,968 (-59.4%), from €318,166 to €129,197
- Staff costs -€123,304
down €123,304 (-34.4%), from €358,003 to €234,699
- Write-downs -€72,176
down €72,176, from €49,284 to -€22,892
- Depreciation -€9,980
down €9,980 (-44.2%), from €22,554 to €12,574
- Financial charges -€3,768
down €3,768 (-20.9%), from €18,012 to €14,244
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 | €383,264 | €200,965 | -€182,299 | -47.6% |
| Fixed assets | 21/28 | €32,906 | €20,332 | -€12,574 | -38.2% |
| Intangible fixed assets | 21 | €6,615 | €1,323 | -€5,292 | -80.0% |
| Tangible fixed assets | 22/27 | €26,291 | €19,009 | -€7,282 | -27.7% |
| Furniture and vehicles | 24 | €187 | €26 | -€161 | -86.1% |
| Leasing and similar rights | 25 | €26,104 | €18,983 | -€7,121 | -27.3% |
| Current assets | 29/58 | €350,358 | €180,633 | -€169,724 | -48.4% |
| Amounts receivable within one year | 40/41 | €268,260 | €120,897 | -€147,362 | -54.9% |
| Trade receivables | 40 | €245,180 | €103,496 | -€141,685 | -57.8% |
| Other amounts receivable | 41 | €23,079 | €17,402 | -€5,678 | -24.6% |
| Cash at bank and in hand | 54/58 | €73,431 | €51,904 | -€21,527 | -29.3% |
| Deferred charges and accrued income | 490/1 | €8,667 | €7,832 | -€835 | -9.6% |
| Total equity and liabilities | 10/49 | €383,264 | €200,965 | -€182,299 | -47.6% |
| Equity | 10/15 | -€231,823 | -€344,761 | -€112,938 | -48.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,464 | €10,464 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | - | -€10,000 | |
| Reserves not available under the articles | 1311 | - | €10,000 | +€10,000 | |
| Tax-exempt reserves | 132 | €464 | €464 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€342,287 | -€455,225 | -€112,938 | -33.0% |
| Amounts payable | 17/49 | €615,087 | €545,727 | -€69,360 | -11.3% |
| Amounts payable after more than one year | 17 | €370,066 | €362,845 | -€7,221 | -2.0% |
| Financial debts | 170/4 | €370,066 | €362,845 | -€7,221 | -2.0% |
| Amounts payable within one year | 42/48 | €231,945 | €159,071 | -€72,874 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €6,877 | €7,221 | +€344 | +5.0% |
| Trade debts | 44 | €180,685 | €133,093 | -€47,592 | -26.3% |
| Suppliers | 440/4 | €180,685 | €133,093 | -€47,592 | -26.3% |
| Taxes, remuneration and social security | 45 | €44,383 | €18,757 | -€25,626 | -57.7% |
| Taxes | 450/3 | €6,492 | €1,235 | -€5,256 | -81.0% |
| Remuneration and social security | 454/9 | €37,892 | €17,522 | -€20,369 | -53.8% |
| Accrued charges and deferred income | 492/3 | €13,076 | €23,810 | +€10,734 | +82.1% |
| Remuneration, social security and pensions | 62 | €358,003 | €234,699 | -€123,304 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,554 | €12,574 | -€9,980 | -44.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €49,284 | -€22,892 | -€72,176 | |
| Other operating charges | 640/8 | €3,418 | €3,027 | -€391 | -11.4% |
| Gross operating margin | 9900 | €318,166 | €129,197 | -€188,968 | -59.4% |
| Operating profit (loss) | 9901 | -€115,093 | -€98,211 | +€16,882 | +14.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €18,012 | €14,244 | -€3,768 | -20.9% |
| Recurring financial charges | 65 | €18,012 | €14,244 | -€3,768 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | -€133,105 | -€112,455 | +€20,651 | +15.5% |
| Income taxes | 67/77 | €999 | €483 | -€515 | -51.6% |
| Profit (loss) for the period | 9904 | -€134,104 | -€112,938 | +€21,166 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€134,104 | -€112,938 | +€21,166 | +15.8% |
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 30 October 2026 via checked.be.