Add Fusion: 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.
Add Fusion
Largest movements
- Receivables within one year +€21,645
up €21,645 (+70.6%), from €30,662 to €52,306
of which Trade receivables: +€20,096
- Cash -€19,575
down €19,575 (-38.5%), from €50,816 to €31,241
mainly Contributions, distributions and other (-€60,882) and Receivables within one year (-€21,645)
- Tangible fixed assets -€3,537
down €3,537 (-18.7%), from €18,964 to €15,427
of which Plant, machinery and equipment: -€2,188
- Trade debts +€16,136
up €16,136 (+367%), from €4,399 to €20,535
- Profit (loss) carried forward -€11,226
down €11,226 (-23.3%), from €48,108 to €36,882
- Other debts -€10,488
no longer reported in 2025 (was €10,488)
- Tax, wage and social debts +€3,331
up €3,331 (+17.3%), from €19,207 to €22,538
- Gross operating margin +€23,686
up €23,686 (+48.1%), from €49,290 to €72,976
- Taxes +€5,479
up €5,479 (+56.7%), from €9,658 to €15,137
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 | €102,662 | €100,415 | -€2,247 | -2.2% |
| Fixed assets | 21/28 | €18,964 | €15,427 | -€3,537 | -18.7% |
| Tangible fixed assets | 22/27 | €18,964 | €15,427 | -€3,537 | -18.7% |
| Plant, machinery and equipment | 23 | €14,003 | €11,815 | -€2,188 | -15.6% |
| Furniture and vehicles | 24 | €4,960 | €3,612 | -€1,348 | -27.2% |
| Current assets | 29/58 | €83,698 | €84,988 | +€1,290 | +1.5% |
| Amounts receivable within one year | 40/41 | €30,662 | €52,306 | +€21,645 | +70.6% |
| Trade receivables | 40 | €25,662 | €45,758 | +€20,096 | +78.3% |
| Other amounts receivable | 41 | €5,000 | €6,548 | +€1,548 | +31.0% |
| Cash at bank and in hand | 54/58 | €50,816 | €31,241 | -€19,575 | -38.5% |
| Deferred charges and accrued income | 490/1 | €2,221 | €1,441 | -€780 | -35.1% |
| Total equity and liabilities | 10/49 | €102,662 | €100,415 | -€2,247 | -2.2% |
| Equity | 10/15 | €68,568 | €57,342 | -€11,226 | -16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,108 | €36,882 | -€11,226 | -23.3% |
| Amounts payable | 17/49 | €34,094 | €43,073 | +€8,979 | +26.3% |
| Amounts payable within one year | 42/48 | €34,094 | €43,073 | +€8,979 | +26.3% |
| Trade debts | 44 | €4,399 | €20,535 | +€16,136 | +367% |
| Suppliers | 440/4 | €4,399 | €20,535 | +€16,136 | +367% |
| Taxes, remuneration and social security | 45 | €19,207 | €22,538 | +€3,331 | +17.3% |
| Taxes | 450/3 | €19,207 | €22,538 | +€3,331 | +17.3% |
| Other amounts payable | 47/48 | €10,488 | - | -€10,488 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,196 | €5,155 | -€41 | -0.8% |
| Other operating charges | 640/8 | €556 | €926 | +€370 | +66.4% |
| Gross operating margin | 9900 | €49,290 | €72,976 | +€23,686 | +48.1% |
| Operating profit (loss) | 9901 | €43,538 | €66,895 | +€23,357 | +53.6% |
| Financial income | 75/76B | - | €54 | +€54 | |
| Recurring financial income | 75 | - | €54 | +€54 | |
| Financial charges | 65/66B | €2,810 | €2,156 | -€654 | -23.3% |
| Recurring financial charges | 65 | €2,810 | €2,156 | -€654 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €40,728 | €64,793 | +€24,065 | +59.1% |
| Income taxes | 67/77 | €9,658 | €15,137 | +€5,479 | +56.7% |
| Profit (loss) for the period | 9904 | €31,070 | €49,656 | +€18,586 | +59.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,070 | €49,656 | +€18,586 | +59.8% |
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 28 October 2026 via checked.be.