FUFU: 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.
FUFU
Largest movements
- Cash -€24,073
down €24,073 (-38.9%), from €61,940 to €37,868
mainly Other debts (-€57,793) and Investment in fixed assets (net) (-€7,848)
- Tangible fixed assets -€11,529
down €11,529 (-7.5%), from €152,723 to €141,194
of which Other tangible fixed assets: -€8,810
- Receivables within one year -€5,218
down €5,218 (-15.4%), from €33,848 to €28,630
of which Trade receivables: -€6,991
- Deferred charges and accrued income -€3,971
down €3,971 (-82.5%), from €4,814 to €843
- Other debts -€57,793
down €57,793 (-98.9%), from €58,423 to €629
- Tax, wage and social debts +€11,352
up €11,352 (+43.4%), from €26,165 to €37,517
of which Remuneration and social security: +€15,360
- Staff costs +€77,838
up €77,838 (+61.6%), from €126,447 to €204,285
- Gross operating margin +€7,344
up €7,344 (+3.2%), from €231,416 to €238,760
- Depreciation -€4,122
down €4,122 (-17.5%), from €23,499 to €19,377
- Taxes -€3,352
down €3,352 (-54.1%), from €6,202 to €2,850
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 | €284,815 | €240,024 | -€44,790 | -15.7% |
| Fixed assets | 21/28 | €173,723 | €162,194 | -€11,529 | -6.6% |
| Tangible fixed assets | 22/27 | €152,723 | €141,194 | -€11,529 | -7.5% |
| Plant, machinery and equipment | 23 | €3,606 | €2,629 | -€977 | -27.1% |
| Furniture and vehicles | 24 | €24,516 | €22,775 | -€1,742 | -7.1% |
| Other tangible fixed assets | 26 | €124,601 | €115,791 | -€8,810 | -7.1% |
| Financial fixed assets | 28 | €21,000 | €21,000 | = | 0.0% |
| Current assets | 29/58 | €111,091 | €77,830 | -€33,262 | -29.9% |
| Stocks and contracts in progress | 3 | €10,489 | €10,489 | = | 0.0% |
| Stocks | 30/36 | €10,489 | €10,489 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,848 | €28,630 | -€5,218 | -15.4% |
| Trade receivables | 40 | €33,848 | €26,857 | -€6,991 | -20.7% |
| Other amounts receivable | 41 | - | €1,773 | +€1,773 | |
| Cash at bank and in hand | 54/58 | €61,940 | €37,868 | -€24,073 | -38.9% |
| Deferred charges and accrued income | 490/1 | €4,814 | €843 | -€3,971 | -82.5% |
| Total equity and liabilities | 10/49 | €284,815 | €240,024 | -€44,790 | -15.7% |
| Equity | 10/15 | €103,995 | €102,987 | -€1,008 | -1.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,514 | €48,850 | +€1,336 | +2.8% |
| Investment grants | 15 | €16,481 | €14,138 | -€2,343 | -14.2% |
| Amounts payable | 17/49 | €180,820 | €137,037 | -€43,783 | -24.2% |
| Amounts payable after more than one year | 17 | €13,223 | €13,223 | = | 0.0% |
| Financial debts | 170/4 | €13,223 | €13,223 | = | 0.0% |
| Amounts payable within one year | 42/48 | €167,597 | €123,814 | -€43,783 | -26.1% |
| Trade debts | 44 | €83,010 | €85,668 | +€2,658 | +3.2% |
| Suppliers | 440/4 | €83,010 | €85,668 | +€2,658 | +3.2% |
| Taxes, remuneration and social security | 45 | €26,165 | €37,517 | +€11,352 | +43.4% |
| Taxes | 450/3 | €13,060 | €9,052 | -€4,008 | -30.7% |
| Remuneration and social security | 454/9 | €13,105 | €28,465 | +€15,360 | +117% |
| Other amounts payable | 47/48 | €58,423 | €629 | -€57,793 | -98.9% |
| Remuneration, social security and pensions | 62 | €126,447 | €204,285 | +€77,838 | +61.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,499 | €19,377 | -€4,122 | -17.5% |
| Other operating charges | 640/8 | €2,243 | €3,954 | +€1,711 | +76.3% |
| Gross operating margin | 9900 | €231,416 | €238,760 | +€7,344 | +3.2% |
| Operating profit (loss) | 9901 | €79,227 | €11,144 | -€68,083 | -85.9% |
| Financial income | 75/76B | €3,862 | €2,913 | -€949 | -24.6% |
| Recurring financial income | 75 | €3,862 | €2,913 | -€949 | -24.6% |
| Financial charges | 65/66B | €8,178 | €9,871 | +€1,693 | +20.7% |
| Recurring financial charges | 65 | €8,178 | €9,871 | +€1,693 | +20.7% |
| Profit (loss) for the period before taxes | 9903 | €74,910 | €4,185 | -€70,724 | -94.4% |
| Income taxes | 67/77 | €6,202 | €2,850 | -€3,352 | -54.1% |
| Profit (loss) for the period | 9904 | €68,708 | €1,336 | -€67,372 | -98.1% |
| Profit (loss) for the period to be appropriated | 9905 | €68,708 | €1,336 | -€67,372 | -98.1% |
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.