THE FUTURE FUNNEL: what changed
Two fiscal 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 FUNNEL
Largest movements
- Cash -€16,906
down €16,906 (-43.5%), from €38,834 to €21,929
mainly Receivables within one year (-€12,616) and Trade debts (-€7,683)
- Receivables within one year +€12,616
up €12,616 (+35.4%), from €35,686 to €48,302
of which Other amounts receivable: +€6,867
- Trade debts -€7,683
down €7,683 (-14.1%), from €54,407 to €46,724
- Reserves +€3,728
up €3,728 (+40.3%), from €9,248 to €12,976
- Gross operating margin -€6,387
down €6,387 (-48.1%), from €13,268 to €6,881
- Taxes -€1,306
down €1,306 (-50.5%), from €2,587 to €1,281
- Financial charges +€817
up €817 (+379.9%), from €215 to €1,032
- Other operating charges -€237
down €237 (-19.4%), from €1,222 to €985
- Financial income +€141
up €141 (+3407.0%), from €4 to €145
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.
Cash bridge derived
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 | €74,520 | €70,230 | -€4,290 | -5.8% |
| Current assets | 29/58 | €74,520 | €70,230 | -€4,290 | -5.8% |
| Amounts receivable within one year | 40/41 | €35,686 | €48,302 | +€12,616 | +35.4% |
| Trade receivables | 40 | €35,686 | €41,435 | +€5,749 | +16.1% |
| Other amounts receivable | 41 | - | €6,867 | +€6,867 | |
| Cash at bank and in hand | 54/58 | €38,834 | €21,929 | -€16,906 | -43.5% |
| Total equity and liabilities | 10/49 | €74,520 | €70,230 | -€4,290 | -5.8% |
| Equity | 10/15 | €15,248 | €18,976 | +€3,728 | +24.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €9,248 | €12,976 | +€3,728 | +40.3% |
| Distributable reserves | 133 | €9,248 | €12,976 | +€3,728 | +40.3% |
| Amounts payable | 17/49 | €59,272 | €51,254 | -€8,018 | -13.5% |
| Amounts payable within one year | 42/48 | €59,272 | €51,254 | -€8,018 | -13.5% |
| Trade debts | 44 | €54,407 | €46,724 | -€7,683 | -14.1% |
| Suppliers | 440/4 | €54,407 | €46,724 | -€7,683 | -14.1% |
| Taxes, remuneration and social security | 45 | €4,216 | €3,881 | -€335 | -7.9% |
| Taxes | 450/3 | €4,216 | €3,881 | -€335 | -7.9% |
| Other amounts payable | 47/48 | €649 | €649 | = | 0.0% |
| Other operating charges | 640/8 | €1,222 | €985 | -€237 | -19.4% |
| Gross operating margin | 9900 | €13,268 | €6,881 | -€6,387 | -48.1% |
| Operating profit (loss) | 9901 | €12,046 | €5,896 | -€6,150 | -51.1% |
| Financial income | 75/76B | €4 | €145 | +€141 | +3407.0% |
| Recurring financial income | 75 | €4 | €145 | +€141 | +3407.0% |
| Financial charges | 65/66B | €215 | €1,032 | +€817 | +379.9% |
| Recurring financial charges | 65 | €215 | €1,032 | +€817 | +379.9% |
| Profit (loss) for the period before taxes | 9903 | €11,835 | €5,010 | -€6,825 | -57.7% |
| Income taxes | 67/77 | €2,587 | €1,281 | -€1,306 | -50.5% |
| Profit (loss) for the period | 9904 | €9,248 | €3,728 | -€5,520 | -59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,248 | €3,728 | -€5,520 | -59.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.