FU-Holding: 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.
What changed
FU-Holding
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€478,636
2024 · €18,726+€459,910
Equity
€958,702
2024 · €480,066+€478,636
Cash
€27,362
2024 · €21,680+€5,682
Balance sheet total
€2.2m
2024 · €1.7m+€548,492
Largest movements
Assets
- Financial fixed assets +€560,000
up €560,000 (+64.2%), from €872,291 to €1.4m
Equity and liabilities
- Reserves +€457,617
up €457,617 (+110.2%), from €415,385 to €873,002
- Tax, wage and social debts +€101,311
up €101,311 (+683.3%), from €14,826 to €116,137
- Other debts -€31,813
down €31,813 (-6.8%), from €470,401 to €438,588
Income statement
- Gross operating margin +€695,477
up €695,477 (+1092.7%), from €63,646 to €759,124
- Taxes +€234,858
new in 2025: €234,858
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.
Result 2024
€18,726
Gross operating margin
+€695,477
Provisions
+€2,300
Other operating charges
-€1,192
Other operating items
-€1,029
Financial income
+€66
Financial charges
-€854
Taxes
-€234,858
Result 2025
€478,636
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.
From operations
+€577,926
Investment
-€560,000
Financing
-€12,244
Cash 2024
€21,680
From operations (derived)
+€577,926
Net result for the year
+€478,636
Depreciation
+€8,820
Receivables within one year
+€9,548
Deferred charges and accrued income
-€1,178
Trade debts
+€12,602
Tax, wage and social debts
+€101,311
Other debts
-€31,813
Investment (derived)
-€560,000
Investment in fixed assets (net)
-€560,000
Financing
-€12,244
Debts after one year
-€11,736
Current portion of long-term debt
+€262
Short-term financial debts
-€770
Cash 2025
€27,362
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,697,325 | €2,245,816 | +€548,492 | +32.3% |
| Formation expenses | 20 | €477,532 | €477,532 | = | 0.0% |
| Fixed assets | 21/28 | €1,173,231 | €1,724,411 | +€551,180 | +47.0% |
| Tangible fixed assets | 22/27 | €300,940 | €292,120 | -€8,820 | -2.9% |
| Land and buildings | 22 | €300,940 | €292,120 | -€8,820 | -2.9% |
| Financial fixed assets | 28 | €872,291 | €1,432,291 | +€560,000 | +64.2% |
| Current assets | 29/58 | €46,561 | €43,873 | -€2,688 | -5.8% |
| Amounts receivable within one year | 40/41 | €24,881 | €15,333 | -€9,548 | -38.4% |
| Trade receivables | 40 | €24,881 | €15,333 | -€9,548 | -38.4% |
| Cash at bank and in hand | 54/58 | €21,680 | €27,362 | +€5,682 | +26.2% |
| Deferred charges and accrued income | 490/1 | - | €1,178 | +€1,178 | |
| Total equity and liabilities | 10/49 | €1,697,325 | €2,245,816 | +€548,492 | +32.3% |
| Equity | 10/15 | €480,066 | €958,702 | +€478,636 | +99.7% |
| Contributions | 10/11 | €85,700 | €85,700 | = | 0.0% |
| Reserves | 13 | €415,385 | €873,002 | +€457,617 | +110.2% |
| Distributable reserves | 133 | €415,385 | €873,002 | +€457,617 | +110.2% |
| Profit (loss) carried forward | 14 | -€21,019 | - | +€21,019 | |
| Amounts payable | 17/49 | €1,217,258 | €1,287,115 | +€69,856 | +5.7% |
| Amounts payable after more than one year | 17 | €707,888 | €696,152 | -€11,736 | -1.7% |
| Financial debts | 170/4 | €707,888 | €696,152 | -€11,736 | -1.7% |
| Amounts payable within one year | 42/48 | €504,607 | €586,199 | +€81,592 | +16.2% |
| Current portion of amounts payable after more than one year | 42 | €11,474 | €11,736 | +€262 | +2.3% |
| Financial debts | 43 | €3,670 | €2,900 | -€770 | -21.0% |
| Credit institutions | 430/8 | €3,670 | €2,900 | -€770 | -21.0% |
| Trade debts | 44 | €4,237 | €16,839 | +€12,602 | +297.4% |
| Suppliers | 440/4 | €4,237 | €16,839 | +€12,602 | +297.4% |
| Taxes, remuneration and social security | 45 | €14,826 | €116,137 | +€101,311 | +683.3% |
| Taxes | 450/3 | €14,826 | €116,137 | +€101,311 | +683.3% |
| Other amounts payable | 47/48 | €470,401 | €438,588 | -€31,813 | -6.8% |
| Accrued charges and deferred income | 492/3 | €4,763 | €4,763 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,820 | €8,820 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,300 | - | -€2,300 | |
| Other operating charges | 640/8 | - | €1,192 | +€1,192 | |
| Non-recurring operating charges | 66A | - | €1,029 | +€1,029 | |
| Gross operating margin | 9900 | €63,646 | €759,124 | +€695,477 | +1092.7% |
| Operating profit (loss) | 9901 | €52,526 | €748,082 | +€695,556 | +1324.2% |
| Financial income | 75/76B | €3 | €68 | +€66 | +2459.9% |
| Recurring financial income | 75 | €3 | €68 | +€66 | +2459.9% |
| Financial charges | 65/66B | €33,803 | €34,657 | +€854 | +2.5% |
| Recurring financial charges | 65 | €33,803 | €34,657 | +€854 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €18,726 | €713,494 | +€694,768 | +3710.3% |
| Income taxes | 67/77 | - | €234,858 | +€234,858 | |
| Profit (loss) for the period | 9904 | €18,726 | €478,636 | +€459,910 | +2456.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,726 | €478,636 | +€459,910 | +2456.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.