FUGOZ: 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.
FUGOZ
Largest movements
- Stocks and contracts -€54,299
down €54,299 (-57.4%), from €94,544 to €40,246
- Cash +€41,610
up €41,610 (+1224.4%), from €3,398 to €45,008
mainly Stocks and contracts (+€54,299) and Tax, wage and social debts (+€17,986)
- Receivables within one year +€25,924
up €25,924 (+178.6%), from €14,512 to €40,436
of which Trade receivables: +€40,436
- Deferred charges and accrued income -€13,242
down €13,242 (-20.2%), from €65,667 to €52,425
- Trade debts -€21,590
down €21,590 (-27.9%), from €77,418 to €55,828
- Tax, wage and social debts +€17,986
new in 2025: €17,986
of which Remuneration and social security: +€11,711
- Profit (loss) carried forward +€2,009
up €2,009 (+3.5%), from €57,215 to €59,225
- Gross operating margin +€70,412
up €70,412, from -€17,714 to €52,697
- Taxes +€15,831
new in 2025: €15,831
- Financial charges +€3,764
up €3,764 (+186.7%), from €2,016 to €5,779
- Financial income +€3,012
up €3,012 (+1029.5%), from €293 to €3,305
- Depreciation +€766
up €766 (+92.1%), from €831 to €1,597
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 | €183,119 | €181,514 | -€1,605 | -0.9% |
| Fixed assets | 21/28 | €4,997 | €3,399 | -€1,597 | -32.0% |
| Tangible fixed assets | 22/27 | €4,997 | €3,399 | -€1,597 | -32.0% |
| Plant, machinery and equipment | 23 | €3,512 | €2,810 | -€702 | -20.0% |
| Furniture and vehicles | 24 | €1,484 | €589 | -€895 | -60.3% |
| Current assets | 29/58 | €178,122 | €178,115 | -€7 | 0.0% |
| Stocks and contracts in progress | 3 | €94,544 | €40,246 | -€54,299 | -57.4% |
| Stocks | 30/36 | €94,544 | €40,246 | -€54,299 | -57.4% |
| Amounts receivable within one year | 40/41 | €14,512 | €40,436 | +€25,924 | +178.6% |
| Trade receivables | 40 | - | €40,436 | +€40,436 | |
| Other amounts receivable | 41 | €14,512 | - | -€14,512 | |
| Cash at bank and in hand | 54/58 | €3,398 | €45,008 | +€41,610 | +1224.4% |
| Deferred charges and accrued income | 490/1 | €65,667 | €52,425 | -€13,242 | -20.2% |
| Total equity and liabilities | 10/49 | €183,119 | €181,514 | -€1,605 | -0.9% |
| Equity | 10/15 | €92,069 | €94,078 | +€2,009 | +2.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €24,853 | €24,853 | = | 0.0% |
| Distributable reserves | 133 | €24,853 | €24,853 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,215 | €59,225 | +€2,009 | +3.5% |
| Amounts payable | 17/49 | €91,050 | €87,436 | -€3,614 | -4.0% |
| Amounts payable within one year | 42/48 | €91,050 | €87,436 | -€3,614 | -4.0% |
| Trade debts | 44 | €77,418 | €55,828 | -€21,590 | -27.9% |
| Suppliers | 440/4 | €77,418 | €55,828 | -€21,590 | -27.9% |
| Advances received on contracts in progress | 46 | €1,213 | €1,213 | = | 0.0% |
| Taxes, remuneration and social security | 45 | - | €17,986 | +€17,986 | |
| Taxes | 450/3 | - | €6,275 | +€6,275 | |
| Remuneration and social security | 454/9 | - | €11,711 | +€11,711 | |
| Other amounts payable | 47/48 | €12,419 | €12,410 | -€10 | -0.1% |
| Non-recurring operating income | 76A | €40,852 | - | -€40,852 | |
| Remuneration, social security and pensions | 62 | €387 | €416 | +€29 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €831 | €1,597 | +€766 | +92.1% |
| Other operating charges | 640/8 | €1,189 | €1,732 | +€544 | +45.7% |
| Non-recurring operating charges | 66A | - | €28,637 | +€28,637 | |
| Gross operating margin | 9900 | -€17,714 | €52,697 | +€70,412 | |
| Operating profit (loss) | 9901 | -€20,121 | €20,315 | +€40,436 | |
| Financial income | 75/76B | €293 | €3,305 | +€3,012 | +1029.5% |
| Recurring financial income | 75 | €293 | €3,305 | +€3,012 | +1029.5% |
| Financial charges | 65/66B | €2,016 | €5,779 | +€3,764 | +186.7% |
| Recurring financial charges | 65 | €2,016 | €5,779 | +€3,764 | +186.7% |
| Profit (loss) for the period before taxes | 9903 | -€21,844 | €17,841 | +€39,685 | |
| Income taxes | 67/77 | - | €15,831 | +€15,831 | |
| Profit (loss) for the period | 9904 | -€21,844 | €2,009 | +€23,854 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,844 | €2,009 | +€23,854 |
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 9 October 2026 via checked.be.