FUGIS: 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.
FUGIS
Largest movements
- Tangible fixed assets -€23,981
down €23,981 (-31.9%), from €75,195 to €51,214
- Receivables within one year -€14,067
down €14,067 (-22.1%), from €63,707 to €49,640
of which Trade receivables: -€45,407
- Cash -€5,637
down €5,637 (-92.1%), from €6,123 to €486
mainly Debts after one year (-€19,260) and Net result for the year (-€11,482)
- Deferred charges and accrued income +€2,114
up €2,114 (+104.7%), from €2,019 to €4,133
- Debts after one year -€19,260
down €19,260 (-37.7%), from €51,063 to €31,803
- Profit (loss) carried forward -€11,482
down €11,482 (-52.2%), from €22,017 to €10,535
- Other debts -€6,714
down €6,714 (-51.0%), from €13,152 to €6,438
- Tax, wage and social debts -€4,904
down €4,904 (-30.6%), from €16,042 to €11,138
- Gross operating margin -€18,616
down €18,616 (-52.1%), from €35,756 to €17,140
- Other operating charges -€5,039
down €5,039 (-83.8%), from €6,011 to €972
- Depreciation +€4,482
up €4,482 (+23.0%), from €19,499 to €23,981
- Taxes -€2,819
down €2,819 (-78.8%), from €3,578 to €759
- Financial charges -€768
down €768 (-20.8%), from €3,696 to €2,928
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 | €147,044 | €105,473 | -€41,571 | -28.3% |
| Fixed assets | 21/28 | €75,195 | €51,214 | -€23,981 | -31.9% |
| Tangible fixed assets | 22/27 | €75,195 | €51,214 | -€23,981 | -31.9% |
| Furniture and vehicles | 24 | €75,195 | €51,214 | -€23,981 | -31.9% |
| Current assets | 29/58 | €71,849 | €54,259 | -€17,590 | -24.5% |
| Amounts receivable within one year | 40/41 | €63,707 | €49,640 | -€14,067 | -22.1% |
| Trade receivables | 40 | €62,486 | €17,079 | -€45,407 | -72.7% |
| Other amounts receivable | 41 | €1,221 | €32,561 | +€31,340 | +2566.7% |
| Cash at bank and in hand | 54/58 | €6,123 | €486 | -€5,637 | -92.1% |
| Deferred charges and accrued income | 490/1 | €2,019 | €4,133 | +€2,114 | +104.7% |
| Total equity and liabilities | 10/49 | €147,044 | €105,473 | -€41,571 | -28.3% |
| Equity | 10/15 | €45,017 | €33,535 | -€11,482 | -25.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,800 | €16,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,800 | €16,800 | = | 0.0% |
| Other | 1319 | €16,800 | €16,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,017 | €10,535 | -€11,482 | -52.2% |
| Amounts payable | 17/49 | €102,027 | €71,938 | -€30,089 | -29.5% |
| Amounts payable after more than one year | 17 | €51,063 | €31,803 | -€19,260 | -37.7% |
| Financial debts | 170/4 | €51,063 | €31,803 | -€19,260 | -37.7% |
| Amounts payable within one year | 42/48 | €50,553 | €39,721 | -€10,832 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €18,425 | €19,259 | +€834 | +4.5% |
| Trade debts | 44 | €2,571 | €2,523 | -€48 | -1.9% |
| Suppliers | 440/4 | €2,571 | €2,523 | -€48 | -1.9% |
| Advances received on contracts in progress | 46 | €363 | €363 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €16,042 | €11,138 | -€4,904 | -30.6% |
| Taxes | 450/3 | €16,042 | €11,138 | -€4,904 | -30.6% |
| Other amounts payable | 47/48 | €13,152 | €6,438 | -€6,714 | -51.0% |
| Accrued charges and deferred income | 492/3 | €411 | €414 | +€3 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,499 | €23,981 | +€4,482 | +23.0% |
| Other operating charges | 640/8 | €6,011 | €972 | -€5,039 | -83.8% |
| Gross operating margin | 9900 | €35,756 | €17,140 | -€18,616 | -52.1% |
| Operating profit (loss) | 9901 | €10,246 | -€7,813 | -€18,059 | |
| Financial income | 75/76B | €71 | €18 | -€53 | -74.6% |
| Recurring financial income | 75 | €71 | €18 | -€53 | -74.6% |
| Financial charges | 65/66B | €3,696 | €2,928 | -€768 | -20.8% |
| Recurring financial charges | 65 | €3,696 | €2,928 | -€768 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €6,621 | -€10,723 | -€17,344 | |
| Income taxes | 67/77 | €3,578 | €759 | -€2,819 | -78.8% |
| Profit (loss) for the period | 9904 | €3,043 | -€11,482 | -€14,525 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,043 | -€11,482 | -€14,525 |
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 12 October 2026 via checked.be.