Fuentes Advisors: what changed
Fuentes Advisors
Largest movements
- Receivables within one year +€26,832
new in 2025: €26,832
of which Trade receivables: +€19,519
- Cash +€22,172
up €22,172 (+52.9%), from €41,891 to €64,063
mainly Net result for the year (+€38,285) and Tax, wage and social debts (+€15,160)
- Tangible fixed assets +€1,081
up €1,081 (+83.6%), from €1,293 to €2,374
- Reserves +€38,285
up €38,285 (+176%), from €21,802 to €60,087
- Tax, wage and social debts +€15,160
up €15,160 (+116%), from €13,119 to €28,279
of which Taxes: +€15,160
- Other debts -€3,018
no longer reported in 2025 (was €3,018)
- Gross operating margin +€41,765
up €41,765 (+135%), from €31,030 to €72,795
- Financial charges +€19,034
up €19,034 (+32,896%), from €58 to €19,092
- Taxes +€6,303
up €6,303 (+76.4%), from €8,255 to €14,559
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,633 | €93,519 | +€49,887 | +114% |
| Formation expenses | 20 | €448 | - | -€448 | |
| Fixed assets | 21/28 | €1,293 | €2,374 | +€1,081 | +83.6% |
| Tangible fixed assets | 22/27 | €1,293 | €2,374 | +€1,081 | +83.6% |
| Furniture and vehicles | 24 | €1,293 | €2,374 | +€1,081 | +83.6% |
| Current assets | 29/58 | €41,891 | €91,145 | +€49,254 | +118% |
| Amounts receivable within one year | 40/41 | - | €26,832 | +€26,832 | |
| Trade receivables | 40 | - | €19,519 | +€19,519 | |
| Other amounts receivable | 41 | - | €7,313 | +€7,313 | |
| Cash at bank and in hand | 54/58 | €41,891 | €64,063 | +€22,172 | +52.9% |
| Deferred charges and accrued income | 490/1 | - | €250 | +€250 | |
| Total equity and liabilities | 10/49 | €43,633 | €93,519 | +€49,887 | +114% |
| Equity | 10/15 | €26,802 | €65,087 | +€38,285 | +143% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €21,802 | €60,087 | +€38,285 | +176% |
| Distributable reserves | 133 | €21,802 | €60,087 | +€38,285 | +176% |
| Amounts payable | 17/49 | €16,831 | €28,432 | +€11,602 | +68.9% |
| Amounts payable within one year | 42/48 | €16,831 | €28,432 | +€11,602 | +68.9% |
| Trade debts | 44 | €693 | €154 | -€540 | -77.9% |
| Suppliers | 440/4 | €693 | €154 | -€540 | -77.9% |
| Taxes, remuneration and social security | 45 | €13,119 | €28,279 | +€15,160 | +116% |
| Taxes | 450/3 | €9,619 | €24,779 | +€15,160 | +158% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Other amounts payable | 47/48 | €3,018 | - | -€3,018 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €917 | €1,071 | +€154 | +16.7% |
| Gross operating margin | 9900 | €31,030 | €72,795 | +€41,765 | +135% |
| Operating profit (loss) | 9901 | €30,113 | €71,725 | +€41,612 | +138% |
| Financial income | 75/76B | €2 | €211 | +€208 | +8,602% |
| Recurring financial income | 75 | €2 | €211 | +€208 | +8,602% |
| Financial charges | 65/66B | €58 | €19,092 | +€19,034 | +32,896% |
| Recurring financial charges | 65 | €58 | €19,092 | +€19,034 | +32,896% |
| Profit (loss) for the period before taxes | 9903 | €30,058 | €52,844 | +€22,786 | +75.8% |
| Income taxes | 67/77 | €8,255 | €14,559 | +€6,303 | +76.4% |
| Profit (loss) for the period | 9904 | €21,802 | €38,285 | +€16,483 | +75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,802 | €38,285 | +€16,483 | +75.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.