Fudosan: 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.
Fudosan
Largest movements
- Current investments +€1.4m
up €1.4m (+716.4%), from €200,000 to €1.6m
- Cash +€116,126
up €116,126 (+242.0%), from €47,977 to €164,103
mainly Debts after one year (+€1.5m) and Net result for the year (+€70,203)
- Tangible fixed assets +€42,142
up €42,142 (+256.5%), from €16,429 to €58,571
of which Furniture and vehicles: +€43,576
- Debts after one year +€1.5m
up €1.5m (+375.0%), from €400,000 to €1.9m
- Profit (loss) carried forward +€70,203
up €70,203 (+60.0%), from -€116,943 to -€46,740
- Gross operating margin +€24,430
up €24,430 (+46.2%), from €52,885 to €77,315
- Financial charges +€22,267
up €22,267 (+169.1%), from €13,169 to €35,436
- Financial income +€12,031
up €12,031 (+53.2%), from €22,634 to €34,664
- Depreciation -€11,270
down €11,270 (-68.6%), from €16,428 to €5,158
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 | €289,937 | €1,880,081 | +€1.6m | +548.4% |
| Fixed assets | 21/28 | €16,430 | €58,572 | +€42,142 | +256.5% |
| Tangible fixed assets | 22/27 | €16,429 | €58,571 | +€42,142 | +256.5% |
| Plant, machinery and equipment | 23 | €2,093 | €660 | -€1,434 | -68.5% |
| Furniture and vehicles | 24 | €14,336 | €57,912 | +€43,576 | +304.0% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €273,507 | €1,821,509 | +€1.5m | +566.0% |
| Amounts receivable within one year | 40/41 | €25,289 | €19,454 | -€5,835 | -23.1% |
| Trade receivables | 40 | €14,181 | €7,470 | -€6,711 | -47.3% |
| Other amounts receivable | 41 | €11,108 | €11,984 | +€876 | +7.9% |
| Current investments | 50/53 | €200,000 | €1,632,827 | +€1.4m | +716.4% |
| Cash at bank and in hand | 54/58 | €47,977 | €164,103 | +€116,126 | +242.0% |
| Deferred charges and accrued income | 490/1 | €241 | €5,125 | +€4,884 | +2024.3% |
| Total equity and liabilities | 10/49 | €289,937 | €1,880,081 | +€1.6m | +548.4% |
| Equity | 10/15 | -€111,943 | -€41,740 | +€70,203 | +62.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€116,943 | -€46,740 | +€70,203 | +60.0% |
| Amounts payable | 17/49 | €401,880 | €1,921,821 | +€1.5m | +378.2% |
| Amounts payable after more than one year | 17 | €400,000 | €1,900,000 | +€1.5m | +375.0% |
| Financial debts | 170/4 | €400,000 | €1,900,000 | +€1.5m | +375.0% |
| Amounts payable within one year | 42/48 | €380 | €2,663 | +€2,283 | +600.8% |
| Trade debts | 44 | €181 | €2,663 | +€2,483 | +1373.0% |
| Suppliers | 440/4 | €181 | €2,663 | +€2,483 | +1373.0% |
| Taxes, remuneration and social security | 45 | €199 | €0 | -€199 | -100.0% |
| Taxes | 450/3 | €199 | €0 | -€199 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,500 | €19,157 | +€17,657 | +1177.2% |
| Non-recurring operating income | 76A | - | €16,251 | +€16,251 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,428 | €5,158 | -€11,270 | -68.6% |
| Other operating charges | 640/8 | €1,563 | €981 | -€583 | -37.3% |
| Gross operating margin | 9900 | €52,885 | €77,315 | +€24,430 | +46.2% |
| Operating profit (loss) | 9901 | €34,894 | €71,177 | +€36,283 | +104.0% |
| Financial income | 75/76B | €22,634 | €34,664 | +€12,031 | +53.2% |
| Recurring financial income | 75 | €22,634 | €34,664 | +€12,031 | +53.2% |
| Financial charges | 65/66B | €13,169 | €35,436 | +€22,267 | +169.1% |
| Recurring financial charges | 65 | €13,169 | €35,436 | +€22,267 | +169.1% |
| Profit (loss) for the period before taxes | 9903 | €44,358 | €70,405 | +€26,047 | +58.7% |
| Income taxes | 67/77 | €156 | €201 | +€46 | +29.3% |
| Profit (loss) for the period | 9904 | €44,202 | €70,203 | +€26,001 | +58.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,202 | €70,203 | +€26,001 | +58.8% |
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 4 October 2026 via checked.be.