FUGATEC: 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.
FUGATEC
Largest movements
- Receivables within one year -€10,754
down €10,754 (-36.9%), from €29,175 to €18,421
- Cash -€7,284
down €7,284 (-17.4%), from €41,850 to €34,566
mainly Contributions, distributions and other (-€42,106) and Advances received (-€7,617)
- Deferred charges and accrued income -€2,184
down €2,184 (-62.2%), from €3,512 to €1,328
- Profit (loss) carried forward -€28,527
no longer reported in 2025 (was €28,527)
- Advances received -€7,617
no longer reported in 2025 (was €7,617)
- Reserves +€7,047
up €7,047 (+40.7%), from €17,329 to €24,376
- Contributions +€6,200
up €6,200 (+50.0%), from €12,400 to €18,600
- Tax, wage and social debts +€5,970
up €5,970 (+103.9%), from €5,747 to €11,717
- Gross operating margin +€10,149
up €10,149 (+36.4%), from €27,902 to €38,051
- Depreciation -€8,507
down €8,507 (-85.2%), from €9,987 to €1,480
- Taxes +€4,990
up €4,990 (+124.3%), from €4,015 to €9,006
- Financial charges -€3,206
down €3,206 (-97.7%), from €3,280 to €74
- Staff costs -€416
no longer reported in 2025 (was €416)
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 | €76,947 | €56,285 | -€20,662 | -26.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €2,409 | €1,970 | -€439 | -18.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,409 | €1,970 | -€439 | -18.2% |
| Plant, machinery and equipment | 23 | €1,880 | €1,857 | -€23 | -1.2% |
| Furniture and vehicles | 24 | €530 | €114 | -€416 | -78.5% |
| Current assets | 29/58 | €74,537 | €54,315 | -€20,223 | -27.1% |
| Amounts receivable within one year | 40/41 | €29,175 | €18,421 | -€10,754 | -36.9% |
| Trade receivables | 40 | €29,175 | €18,421 | -€10,754 | -36.9% |
| Cash at bank and in hand | 54/58 | €41,850 | €34,566 | -€7,284 | -17.4% |
| Deferred charges and accrued income | 490/1 | €3,512 | €1,328 | -€2,184 | -62.2% |
| Total equity and liabilities | 10/49 | €76,947 | €56,285 | -€20,662 | -26.9% |
| Equity | 10/15 | €58,256 | €42,976 | -€15,280 | -26.2% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €17,329 | €24,376 | +€7,047 | +40.7% |
| Distributable reserves | 133 | €17,329 | €24,376 | +€7,047 | +40.7% |
| Profit (loss) carried forward | 14 | €28,527 | - | -€28,527 | |
| Amounts payable | 17/49 | €18,691 | €13,309 | -€5,382 | -28.8% |
| Amounts payable within one year | 42/48 | €18,691 | €13,309 | -€5,382 | -28.8% |
| Trade debts | 44 | €0 | €129 | +€129 | |
| Suppliers | 440/4 | €0 | €129 | +€129 | |
| Advances received on contracts in progress | 46 | €7,617 | - | -€7,617 | |
| Taxes, remuneration and social security | 45 | €5,747 | €11,717 | +€5,970 | +103.9% |
| Taxes | 450/3 | €5,747 | €11,717 | +€5,970 | +103.9% |
| Other amounts payable | 47/48 | €5,327 | €1,463 | -€3,864 | -72.5% |
| Remuneration, social security and pensions | 62 | €416 | - | -€416 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,987 | €1,480 | -€8,507 | -85.2% |
| Other operating charges | 640/8 | €923 | €667 | -€257 | -27.8% |
| Gross operating margin | 9900 | €27,902 | €38,051 | +€10,149 | +36.4% |
| Operating profit (loss) | 9901 | €16,576 | €35,905 | +€19,329 | +116.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3,280 | €74 | -€3,206 | -97.7% |
| Recurring financial charges | 65 | €3,280 | €74 | -€3,206 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | €13,297 | €35,831 | +€22,534 | +169.5% |
| Income taxes | 67/77 | €4,015 | €9,006 | +€4,990 | +124.3% |
| Profit (loss) for the period | 9904 | €9,282 | €26,826 | +€17,544 | +189.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,282 | €26,826 | +€17,544 | +189.0% |
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 7 October 2026 via checked.be.