Fugro Belgium: 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.
What changed
Fugro Belgium
NACE 71.209, Other technical testing and analysis
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€200,402
2023 · -€1.7m+€1.5m
Equity
€2.7m
2023 · €2.9m-€200,402
Cash
€286,713
2023 · €1.2m-€953,289
Balance sheet total
€6.9m
2023 · €6.9m-€93,077
Largest movements
Assets
- Cash -€953,289
down €953,289 (-76.9%), from €1.2m to €286,713
mainly Investment in fixed assets (net) (-€800,557) and Other debts (-€692,118)
- Receivables within one year +€603,550
up €603,550 (+16.6%), from €3.6m to €4.2m
of which Other amounts receivable: +€1.2m
- Tangible fixed assets +€298,508
up €298,508 (+16.2%), from €1.8m to €2.1m
of which Plant, machinery and equipment: +€301,551
Equity and liabilities
- Other debts -€692,118
down €692,118 (-100%), from €692,118 to €0
- Trade debts +€619,976
up €619,976 (+53.3%), from €1.2m to €1.8m
- Accrued charges and deferred income +€378,407
up €378,407 (+92.9%), from €407,305 to €785,711
- Profit (loss) carried forward -€200,402
down €200,402 (-22.8%), from €879,526 to €679,124
- Provisions -€158,002
down €158,002 (-100%), from €158,002 to €0
Income statement
- Turnover +€2.8m
up €2.8m (+21.4%), from €13.0m to €15.8m
- Staff costs +€1.5m
up €1.5m (+24.4%), from €6.1m to €7.5m
- Services and other goods +€831,230
up €831,230 (+11.9%), from €7.0m to €7.8m
- Goods and materials -€554,049
down €554,049 (-41.4%), from €1.3m to €784,287
- Other operating income +€320,979
up €320,979 (+126%), from €255,280 to €576,259
From the 2023 result to the 2024 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.
Result 2023
-€1.7m
Turnover
+€2.8m
Other operating income
+€320,979
Goods and materials
+€554,049
Services and other goods
-€831,230
Staff costs
-€1.5m
Depreciation
+€5,202
Write-downs
-€10,433
Provisions
+€316,004
Other operating charges
-€143,566
Other operating items
-€118,756
Financial income
+€57,685
Financial charges
-€34,142
Taxes
+€42,829
Result 2024
-€200,402
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€152,732
Investment
-€800,557
Financing
€0
Cash 2023
€1.2m
From operations (derived)
-€152,732
Net result for the year
-€200,402
Depreciation
+€502,049
Receivables within one year
-€603,550
Deferred charges and accrued income
+€41,845
Provisions
-€158,002
Trade debts
+€619,976
Tax, wage and social debts
-€40,937
Other debts
-€692,118
Accrued charges and deferred income
+€378,407
Investment (derived)
-€800,557
Investment in fixed assets (net)
-€800,557
Cash 2024
€286,713
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,949,405 | €6,856,328 | -€93,077 | -1.3% |
| Fixed assets | 21/28 | €1,954,726 | €2,253,234 | +€298,508 | +15.3% |
| Tangible fixed assets | 22/27 | €1,845,891 | €2,144,398 | +€298,508 | +16.2% |
| Land and buildings | 22 | €109,737 | €107,206 | -€2,531 | -2.3% |
| Plant, machinery and equipment | 23 | €1,695,781 | €1,997,332 | +€301,551 | +17.8% |
| Furniture and vehicles | 24 | €40,372 | €39,860 | -€512 | -1.3% |
| Financial fixed assets | 28 | €108,835 | €108,835 | = | 0.0% |
| Affiliated companies | 280/1 | €93,785 | €93,785 | = | 0.0% |
| Participating interests | 280 | €93,785 | €93,785 | = | 0.0% |
| Other financial fixed assets | 284/8 | €15,050 | €15,050 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €15,050 | €15,050 | = | 0.0% |
| Current assets | 29/58 | €4,994,679 | €4,603,095 | -€391,585 | -7.8% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €3,644,489 | €4,248,039 | +€603,550 | +16.6% |
| Trade receivables | 40 | €3,558,728 | €2,978,243 | -€580,485 | -16.3% |
| Other amounts receivable | 41 | €85,761 | €1,269,796 | +€1.2m | +1,381% |
| Cash at bank and in hand | 54/58 | €1,240,002 | €286,713 | -€953,289 | -76.9% |
| Deferred charges and accrued income | 490/1 | €110,189 | €68,343 | -€41,845 | -38.0% |
| Total equity and liabilities | 10/49 | €6,949,405 | €6,856,328 | -€93,077 | -1.3% |
| Equity | 10/15 | €2,928,154 | €2,727,752 | -€200,402 | -6.8% |
| Contributions | 10/11 | €365,200 | €365,200 | = | 0.0% |
| Reserves | 13 | €1,683,428 | €1,683,428 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €123,961 | €123,961 | = | 0.0% |
| Distributable reserves | 133 | €1,559,467 | €1,559,467 | = | 0.0% |
| Profit (loss) carried forward | 14 | €879,526 | €679,124 | -€200,402 | -22.8% |
| Provisions and deferred taxes | 16 | €158,002 | €0 | -€158,002 | -100% |
| Provisions for liabilities and charges | 160/5 | €158,002 | €0 | -€158,002 | -100% |
| Other liabilities and charges | 164/5 | €158,002 | €0 | -€158,002 | -100% |
| Amounts payable | 17/49 | €3,863,248 | €4,128,576 | +€265,327 | +6.9% |
| Amounts payable within one year | 42/48 | €3,455,944 | €3,342,865 | -€113,079 | -3.3% |
| Trade debts | 44 | €1,163,684 | €1,783,660 | +€619,976 | +53.3% |
| Suppliers | 440/4 | €1,163,684 | €1,783,660 | +€619,976 | +53.3% |
| Taxes, remuneration and social security | 45 | €1,600,142 | €1,559,205 | -€40,937 | -2.6% |
| Taxes | 450/3 | €500,370 | €311,750 | -€188,620 | -37.7% |
| Remuneration and social security | 454/9 | €1,099,772 | €1,247,455 | +€147,682 | +13.4% |
| Other amounts payable | 47/48 | €692,118 | €0 | -€692,118 | -100% |
| Accrued charges and deferred income | 492/3 | €407,305 | €785,711 | +€378,407 | +92.9% |
| Operating income | 70/76A | €13,387,752 | €16,459,639 | +€3.1m | +22.9% |
| Turnover | 70 | €12,985,622 | €15,760,124 | +€2.8m | +21.4% |
| Other operating income | 74 | €255,280 | €576,259 | +€320,979 | +126% |
| Non-recurring operating income | 76A | €146,851 | €123,257 | -€23,594 | -16.1% |
| Operating charges | 60/66A | €15,098,446 | €16,782,309 | +€1.7m | +11.2% |
| Goods for resale, raw materials and consumables | 60 | €1,338,336 | €784,287 | -€554,049 | -41.4% |
| Purchases | 600/8 | €1,338,336 | €784,287 | -€554,049 | -41.4% |
| Services and other goods | 61 | €6,969,353 | €7,800,583 | +€831,230 | +11.9% |
| Remuneration, social security and pensions | 62 | €6,057,372 | €7,536,099 | +€1.5m | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €507,251 | €502,049 | -€5,202 | -1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,433 | +€10,433 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €158,002 | -€158,002 | -€316,004 | |
| Other operating charges | 640/8 | €61,429 | €204,995 | +€143,566 | +234% |
| Non-recurring operating charges | 66A | €6,703 | €101,865 | +€95,162 | +1,420% |
| Operating profit (loss) | 9901 | -€1,710,694 | -€322,670 | +€1.4m | +81.1% |
| Financial income | 75/76B | €271,334 | €329,019 | +€57,685 | +21.3% |
| Recurring financial income | 75 | €271,334 | €329,019 | +€57,685 | +21.3% |
| Income from financial fixed assets | 750 | €266,000 | €266,000 | = | 0.0% |
| Other financial income | 752/9 | €5,334 | €63,019 | +€57,685 | +1,082% |
| Financial charges | 65/66B | €156,783 | €190,925 | +€34,142 | +21.8% |
| Recurring financial charges | 65 | €156,783 | €190,925 | +€34,142 | +21.8% |
| Debt charges | 650 | €81,394 | €172,130 | +€90,736 | +111% |
| Other financial charges | 652/9 | €75,388 | €18,795 | -€56,594 | -75.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,596,143 | -€184,576 | +€1.4m | +88.4% |
| Income taxes | 67/77 | €58,654 | €15,826 | -€42,829 | -73.0% |
| Taxes | 670/3 | €58,654 | €15,826 | -€42,829 | -73.0% |
| Profit (loss) for the period | 9904 | -€1,654,797 | -€200,402 | +€1.5m | +87.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,654,797 | -€200,402 | +€1.5m | +87.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.